Vested, a fintech platform, based out of India and US, has raised an undisclosed amount of funding from Venture Catalysts, a Bengaluru-based incubator and accelerator platform.
While, the investment was part of Vested’s pre-seed round. With this funding, Vested aims to help the rapidly growing investor community in India to diversify their portfolios globally via the US markets.
“Vested emerged as a solution that is a new-age global investment facilitation platform, and enables investors to access diverse markets in an easy and affordable manner. We are excited to be supported by Venture Catalysts in this endeavor. Their investor network is large and diverse. We are looking forward to tapping into this network and the treasure trove of expertise that comes with it,” Vikram Shah, CEO and co-founder of Vested, said.
Vested, an investment platform, was founded by Vikram Shah, Darwin Arifin, and Eric Huynh in 2018. The platform is dedicated to empower Indian investors with access to the US stock market.
It offers an easy-to-use online platform with zero commission charges. The startup also offers education on the US market and the ability to buy fractional shares. It helps its users with the remittance process and tax tracking as well.
Anuj Golecha, Co-founder, Venture Catalysts, said, “Vested is a one-of-its-kind platform that fills a long-felt need gap of bridging investors from all over the world to local and international markets. We believe that supporting Vested in its current phase will help them to build their product and team for rapid expansion across multiple markets.”
Some of the significant fintech platforms includes Paytm, PhonePe, Mobikwik, Google Pay, Amazon Pay, and others.