News From Press MobiKwik acquires wealth management start-up Clearfunds

MobiKwik acquires wealth management start-up Clearfunds

Source: PTI/The Economic Times Oct 12, 2018

Domestic mobile wallet player, MobiKwik announced its foray into India's wealth management market with the acquisition of Clearfunds, an online mutual fund investment platform based out of Mumbai, for an undisclosed amount.

MobiKwik said it would be investing $15 million (approximately Rs 112 crore) over the next year to scale up its wealth management business.

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