Wealth-tech startup Fisdom has raised a funding of $7 million in its latest funding round led by Prosus Ventures’ payments and fintech unit, PayU. The round has also seen participation from its existing investors Venture Capital (VC) firm Sama Capital and Quona Capital.
Subramanya SV, Co-Founder & CEO, Fisdom said, “The latest investment will allow us to innovate and provide a holistic experience to our customers across investments, savings and protection. We are also looking to deepen our engagement with our partners, which includes several leading banks and digital platforms.” The funds raised will be utlised for acquisitions and to widen Fisdom’s range of offering products, Subramanya said.
Founded in September 2015 by Subramanya SV and Anand Dalmia, Fisdom is a leading personal finance brand operated by Finwizard Technology Private Ltd. Fisdom offers investments options in mutual funds, digital gold, term insurance and its mobile application and website provides access to consumers to a number of financial solutions including from investments to savings and protection, and many more. The company said that during the covid-19 pandemic it has witnessed more than 80 per cent growth in its assets under management (AUM). So far, Fisdom has rasied around $11 million funding from its existing investors.