Total amount raised
$37.3 Million
Latest funding date
6/1/2022
Location
Fisdom has successfully raised funds over seven rounds, with the latest being a Corporate Round. The digital wealth management platform has garnered support from ten investors, including Groww and Quona Capital.
Keep reading to explore the intricacies of Fisdom's fundraising journey and the investors backing this innovative platform.
What Is Fisdom?
Fisdom, a digital wealth management platform, is based in Bangalore, Karnataka, India. The company operates in the finance, financial services, fintech, and wealth management industries. It has a workforce of 501-1000 employees.
Offering a suite of financial products and services, Fisdom caters to individual investors. The platform provides portfolio management services, stock trading, mutual funds, and IPO investments. Trusted by top banks in India, Fisdom has garnered multiple awards for its innovative fintech solutions.
How Much Funding Has Fisdom Raised?
- Corporate Round
- Amount Raised: $12.6 million
- Date: October 2019
- Lead Investors: PayU GPO
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its product offerings and enhance technological capabilities.
- Series B
- Amount Raised: $7 million
- Date: December 2020
- Lead Investors: PayU GPO
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market penetration.
- Series C
- Amount Raised: $14 million
- Date: June 2022
- Lead Investors: PayU
- Valuation at Round: $150 million
- Motivation Behind the Round: To expand partnerships and enhance product offerings.
- Corporate Round
- Amount Raised: $12.6 million
- Date: November 2025
- Lead Investors: Groww
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand its market reach and develop new financial products.
Total Amount Raised: $46.2 million
Current Valuation: $150 million
Key Investors
- Groww
- Details: Groww is a leading investment platform in India, offering a range of financial products including mutual funds, stocks, and digital gold. It aims to simplify investing for the younger generation.
- Investment Focus Areas: Financial services, investment platforms, fintech.
- Notable Investments: Fisdom, Indiabulls, Kuvera.
- Quona Capital
- Details: Quona Capital is a venture capital firm that invests in fintech companies focused on financial inclusion in emerging markets. They aim to support startups that provide financial services to underserved populations.
- Investment Focus Areas: Financial technology, emerging markets, underserved customers and small businesses.
- Notable Investments: Fisdom, ZestMoney, Konfio.
- PayU
- Details: PayU is a global fintech company that provides payment technology to online merchants. It is part of Naspers, a global consumer internet group and one of the largest technology investors in the world.
- Investment Focus Areas: Payment technology, fintech solutions, online merchant services.
- Notable Investments: Fisdom, Citrus Pay, Kreditech.
- Saama Capital
- Details: Saama Capital is an India-focused venture capital firm that invests in early to growth-stage companies. They focus on sectors such as technology, consumer, and healthcare.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Fisdom, Snapdeal, Sula Vineyards.
- Rajeev Chitrabhanu (MAGNETIC)
- Details: Rajeev Chitrabhanu is an angel investor and the founder of MAGNETIC, a venture capital firm. He has a background in financial services and has been involved in various startups.
- Investment Focus Areas: Fintech, technology, startups.
- Notable Investments: Fisdom, Nazara Technologies, PayMate.
What's Next for Fisdom?
Fisdom stands at the cusp of significant growth opportunities. With the fintech market in India rapidly expanding, the company is well-positioned to leverage its partnerships with banks and financial institutions. The potential for collaborations with other fintech platforms and the increasing adoption of digital financial services present a vast landscape for Fisdom to explore.
Future fundraising appears promising, given the successful Series C round. Fisdom may seek additional funding to scale operations, diversify its product offerings, and enter new markets. Strategic investments or partnerships with global fintech players could further bolster its growth trajectory.
However, challenges such as intense competition, regulatory changes, and the need to ensure data security and user trust remain. Navigating these hurdles will be crucial for Fisdom as it continues to innovate and expand in the dynamic fintech landscape.
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