Scripbox, a digital wealth management platform with a larger focus on the mutual fund industry, has announced the acquisition of Mitraz Financial, an entity that provides personalised financial advisory services to high net worth and ultra-high net worth individuals for an undisclosed value. This acquisition allows Scripbox to expand its range of services and reach out to new sets of customers. This is the second acquisition for Scripbox as it had acquired a digital wealth management company Upwardly in 2019.
A statement from Scripbox said this acquisition will allow both the companies to combine their experience and expertise to create a scalable tech-led wealth management model that can cater to a full spectrum of customer needs. This ranges from early-stage investors with relatively simple needs to the more complex demands of mature investors.