AssetPlus raises $3.6 mn

Chennai: Fintech platform AssetPlus on Wednesday said it has raised $3.6 million in a round led by InCred founder Bhupinder Singh and Nithin Kamath, CEO of Rainmatter and Zerodha. The round also saw participation from Venture Catalysts, Swaroop Kolluri, Amit Nanavati, Kedar Kulkarni, and other angel investors.
The Chennai headquartered fintech aims to utilize the funding to expand its business and include more financial products on the platform.Founded by two IIT- Madras graduates, Awanish Raj and Vishranth Suresh, and launched in 2018, AssetPlus focuses on offering digital-first solutions to financial advisors and mutual fund distributors. The startup’s product is currently used by over 1,500 advisors across the country, who have on-boarded over 2,25,000 users on the platform. The founders aim to streamline the processes of investing in mutual funds by offering a platform with features including multi-portfolio support, unbiased research, digital marketing functionalities, and more. Over Rs 750 Cr worth of transactions were processed on the platform during the last financial year alone, AssetPlus said. TNN