Fintech Startup Fincash Raises Funding By Industry Stalwarts
Fincash.com, a startup in the personal finance space in India has raised a round of funding from a number of industry stalwarts and HNI investors. Fincash.com focuses on the money market space in India for retail investors and seeks to get customers onboard with its solutions that it provides to potential investors.
“Today, the folios in the mutual funds industry have crossed 5 Cr mark, with unique folios being much lower, hence penetration levels in India are in the 1-2% range, developed market show penetration levels of over 50%” says, CEO – Gaurav Perti, citing the potential that exists in the Indian markets.
While fintech funding declined in 2016, a recent KPMG report said, the trends in 2017 are being keenly watched. India is a space where a digital transformation is under...