Fisdom, an online MF distribution platform has raised USD 7 million in a new round of funding. PayU has led this funding round with participation from existing investors Quona Capital and Saama Capital.
The fresh funding will be deployed towards new product development and customer acquisition. The MF distributor has also expanded its existing team by on-boarding 150 employees during the last 6 months.
In a press release, Subramanya SV, Co-Founder & CEO, Fisdom said, “The latest investment will allow us to innovate and provide a holistic experience to our customers across investments, savings and protection. We are also looking to deepen our engagement with our partners which includes several leading banks and digital platforms.”
