Vijya Fintech Private Limited (VFPL), a wealth tech platform, raised Rs 7 crore in an angel round, increasing the total investment in the business to Rs 15 crore. Tech specialists, Veloce Fintech, Lemon Tech, and Lemon Emerging Ventures are among the investors in the round.
In November 2022, VFPL received $1 million (approximately Rs. 8.25 crore) from several investors.
According to the company’s press release, the money will be carefully allocated to growth initiatives, stepping up go-to-market plans, and broadening the company’s market reach.
Aakash Bansal and Paresh Paladiya founded VFPL, a wealth management platform that provides financial intermediaries with insights and solutions while facilitating simple integration for investors, distributors, advisors, and stockbrokers.
The platform has been used by more than 2,000 intermediaries, including stock brokers, registered investment advisors, and mutual fund distributors (MFDs), according to the company.
In order to revolutionize financial interactions, the company also intends to introduce MIDASX, an inventive B2B2C marketplace.
