Wealthy, a platform for online financial transaction, has secured $1.3 million (approx INR 9 crore) from Good Capital, Emphasis Ventures, Venture Highway, Tracxn Labs, V1 Capital and Globevetor in a funding round, reported ET.
The fintech startup Wealthy will use the infused capital to surge its partner base and to continue further development of the platform in order to increase more offering of the financial products.
“Over the last three years, we have realised that though there is a growing demand for online financial solutions that are convenient and paperless, there is an underlying trust issue that deters most end customers to build meaningful relationships. Our partners are helping solve this trust deficit by bringing a rules-based advisory experience to customers in their trust network” said Aditya Agarwal, founder of Wealthy.
Wealthy was started by Aditya Agarwal in 2015. The Bengaluru-based financial dealings platform Wealthy provides users to become wealth managers by providing them digital financial products and training.
Arjun Malhotra, Founding Partner of Good Capital said, “Wealthy’s approach in enabling middlemen to better curate and serve the eventual customer is something that resonates well with our investment thesis. We have seen this theme play out across different industries and are excited to partner with a highly capable and execution-oriented team.”
Apart from Wealthy, other ace fintech players in the domain include Google Pay, Paytm, Amazon Pay, Freecharge, PhonePe, among many more.