Prominent angel investors and family offices, including Jaideep Hansraj of Kotak Securities, Shailesh Haribhakti of Shailesh Haribhakti & Associates, and Oisharya Das, CEO of Kotak Private, contributed Rs 14 crore to the embedded finance startup Fixerra (formerly Fixed Invest).
Along with angel investor Shivang Desai, the family office of Signet Excipients Pvt Ltd’s Harish Shah also made investments in the round.
Along with the fundraising, Fixerra also says that it has changed its name from Fixed Invest, its previous incarnation as a fixed-deposit marketplace. Fixerra broadens its scope by becoming a full-service banking provider with the rebranding. It will support digital companies in launching banking products in a timely and legal manner.
Fixerra, founded by Akshar Shah, assists digital companies in launching banking products in a timely and compliant manner. With collaborations with seven banks and NBFCs, it has developed a fixed deposit gateway that is simple to integrate.
Fixerra, a company based in Mumbai, is currently actively growing the number of banks it partners with and adding new features to its product. Over the next three years, it wants to power more than 200 digital businesses with its banking as a service suite.
