Fisdom, the wealthtech startup, raised $7 mn led by PayU, existing investors Quona Capital and Saama Capital also participated. The funding will be used for new product development and customer acquisition & will also look at different acquisition opportunities.
The startup provides a platform for investing across mutual funds, insurance, pension funds, digital gold, etc. and help customers make informed investment decisions. The press statement added that Fisdom saw more than 80 percent growth during the pandemic. The team has also partnered with Google Pay and SBM Bank.
“Fisdom has grown into a leading digital wealth management platform and has created a demand for its services in the market. We are very excited to continue to back Fisdom to help fuel its continued growth in the wealthtech segment and further expand its product portfolio." said Anirban Mukherjee, CEO, PayU India.