Vested Finance, a San Francisco, California-based online investment platform that enables Indian investors to invest in the US stock market, raised USD 12m in Series A funding.
The round was led by Ayon Capital with participation from existing investors Tenoneten, Ovo Fund, Wedbush Ventures, IPV, and Upscale. New investors including 9Unicorns, Ankur Warikoo (ex-CEO of Groupon India), Dhruvil Sanghvi (CEO at Loginext), and Saumil Parekh (VP of Marketing at PharmEasy), as well as Akshat Shrivastava, Sharan Hedge and others.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Viram Shah, Co-Founder & CEO, Vested Finance provides an online investment platform and offers content on the US markets to help customers make informed investment decisions. Some of the other product features include instant account opening, Vests or curated portfolios that comprise stocks and/or ETFs, and localized tax filing reports.
The company nhas processed more than $250 million in transactions in 2021 and also tripled the deposits on the platform in 2021. The global team is based across India, USA, and Canada.