wealth management | Pixr8 News

17Mar By AnkitaNo Comments

FUNDING

Fintech firm Fintso raises $2.6 mn in funding

Fintech startup Fintso raises USD 2.6 million from a set of individual angel investors including top officials of Mankind, Einfochips and Deutsche Bank. Fintso, a 3-month-old fintech startup, founded by Wealth Management industry veterans, George Mitra and Rajan Pathak, has raised USD 2.6 million from a set of individual Angel investors. Investors include Rajeev Juneja (CEO of Mankind Pharma), Pratul Shroff (Founder of Infochips) and Dilip Khandelwal (MD and Head of Technology, Asia Pacific, Deutsche Bank)," the company said in a statement. Fintso said it will use the capital to develop platform to help independent financial advisors and mutual fund distributors to nurture client relationships, enable seamless operations, and help them enhance productivity.

Paytm Set up Wealth & Money Management Service “Paytm Money”

India's leading online paymen service Paytm set up ‘Paytm Money Limited’ to build Investment & Wealth Management products for users. The product will be launch in the first quarter of 2018 after regulatory approvals. During the launch, Paytm CEO & Founder, Vijay Shekhar Sharma said, “We started as a payments platform and expanded customer offerings to deposits with Paytm Payments Bank. Today, with Paytm Money, we have taken the next logical step in the direction of wealth management. Pravin and his team is on a mission to make wealth management easier and accessible to large number of Indians. We aim to increase the size of the wealth management strategy customer base and bring simple and easy to understand wealth products to our consumers.” Pravin Jadhav will lead this new v...

SBI Opens Dedicated Branch For Startups “SBI InCube”

State Bank of India became the first public sector lender to launch wealth management service, a space dominated by private and foreign players, to cater to fast-growing affluent segment of the country. The bank also inaugurated a dedicated branch for startups which will provide advisory services to the budding entrepreneurs. “Introducing wealth management has been one of the bank’s top strategic priorities, as we have a number of HNI customers in the bank and potentially many more whose banking needs are more sophisticated and who require a highly specialised service delivery mechanism,” SBI chairman Arundhati Bhattacharya said. The wealth management offering ‘SBI Exclusif’ and the startup branch – ‘SBI InCube’ were rolled out in Bengaluru. ‘SBI Exclusif’ will offer many fir...