Mumbai based personal finance startup Fincash.com, came up to create a dominant footprint in the untapped wealth management space in India. The startup run by Shepard Technologies Pvt. Ltd, has raised $100,000 (Rs 64 lakh) in its first round of funding from a clutch of individual investors.
The online platform for investors to be able to transact as well as monitor their investments in mutual funds and other investment/wealth management products.
The angel investors include Mohammed Khan, founder of Rediffusion and Sameer Narayan, former fund manager at BNP Paribas. A couple of executives from the financial services industry also invested.
Fincash will use the funds to strengthen its technology and expand its team.