Vested Finance, a California-headquartered online investment platform that enables Indian investors to invest in the U.S. stock market, raised $3.6m in seed funding.
Backers included Moving Capital, Ovo Fund and TenOneTen Ventures in the U.S., and Inflection Point Ventures and Venture Catalysts in India.
The company will use the new funds to accelerate product development and hire talent across the U.S. and India.
Led by Viram Shah, CEO and co-founder, Vested Finance provides an online platform that allows investors to invest in U.S. stocks in minutes. Investors can choose individual stocks or ETFs, or select from a variety of “Vests,” Vested’s curated portfolios constructed with various goals, themes, and risk levels in mind.
To facilitate Indian investors to invest in U.S. markets, Vested has partnered with more than 25 brokers, fintech, and wealth management firms in India, including Axis Securities, Kuvera, Angel Broking and 5Paisa. The company has also partnered with global digital trading technology platform DriveWealth to power its offerings.
Vested, which processed more than $100 million in trades in 2020, is a recent graduate of the 2020 Techstars & Western Union accelerator in Denver. The company has offices in Silicon Valley and Mumbai, India.