Fisdom won the Best Wealth Management App from All India Wealth Management Association, a prestigious award in 2018. As we relish the success we have had during the last year, it is time we bring you our new accomplishment:
PayU, the payments and fintech business, has led $11 million financing in Fisdom on Wednesday, 30 October 2019, along with existing investors Saama Capital & Quona Capital.
It is indeed a moment of pride and delight for us as this funding marks our journey in building the largest wealth ecosystem in India.
In the words of Subramanya S V, co-founder, and chief executive officer of Fisdom, “This investment allows us to continue innovating in order to better serve our consumers including by bringing new products like insurance and broking. PayU, being one of the leading fintech players in the country, provides an immense opportunity that we are keen to explore. We are very happy that our earlier investors, Saama Capital and Quona, continue to support us in our endeavour.”
We believe this funding would lead to building a comprehensive digital platform backed with strong partnerships to enrich our valuable investor’s experience that would enable investors to make smart investment decisions for their long-term financial health. PayU India chief executive Anirban Mukherjee agrees to the same as he said:
“Fisdom, with its multi-product strategy and a robust and scalable digital platform, offers immense cross-selling opportunities. The company has a strong management team led by experienced founders, and we are happy to partner with them and work towards providing a broader fintech platform around core payments and lending business.”
This milestone would not have been possible without the support of our esteemed investors and stakeholders. We thank you for trusting us and helping us to be an award-winning platform. We promise to continue to grow as we make efforts to increase the value of such partnerships and provide our investors with the best fin-tech (financial technology) experience and engage them with various products to cater to all the financial needs of our investors.
