Fisdom, a Bengaluru, Karnataka-based investment advisory startup, raised $7m in a Series B extension funding.
The round was led by payment technology firm PayU with participation from its existing investors Quona Capital and Saama Capital.
The company intends to use the funds to expand operations and its business reach.
Led by Subramanya SV (Subu), CEO, and Anand Dalmia, CBO, Fisdom provides a digital wealth management platform providing solutions across investments, savings and protection. The solution enables people to invest in mutual funds, insurance, pension funds, digital gold, as well as a real-time tracking system, and advanced features like smart fund guidance and portfolio re-balancing.
Several banks and financial institutions have partnered with Fisdom to provide access to financial products to their customers. Partners include Oriental Bank of Commerce, Bank of Baroda, Indian Bank, Karnataka Bank, City Union Bank, Bajaj Finserv and several more.