Our first step towards building our Investment and Wealth stack – Coming soon a product built specially for Super Traders & Long Term Investors
Earlier this year, we announced Raise, and we shared our plans to build technology first businesses across financial services – including Financing, Insurance, Investments, Payments, and Wealth.
Today, we are thrilled to announce our first step in the direction of building the Investment & Wealth stack of Raise and also excited that it happens along with our first acquisition of Moneylicious Securities Private Limited. We have more news, Jayprakash Gupta, Founder & CEO of Moneylicious Securities now joins us at Raise as our Co-founder.
All of us at Raise now gear up to enter the investment & wealth management space. We are on track to launch our first product by the end of 2021. We aim to build India’s most advanced technology-led investment platform.
For the past few months, we have analysed feedback from over 2,50,000+ investors and traders and we feel most investment platforms are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.
We plan to change that with Raise, and you will see that soon – a platform that is specifically built for Super Traders and Long Term Investors. Our first version is 20x better than any investment product in India. Some early users are already using it and they are absolutely in love with it.
Post acquisition, Moneylicious Securities operates as a 100% subsidiary of Raise Financial Services along with its customers, operations, business, and team members. Founded in 2012, Moneylicious Securities is a member of all Stock Exchanges (BSE, NSE, MCX) for all segments (Cash, F&O, Commodities, and Currency) and, also a Depository Participant with CDSL. This acquisition has received all required approvals from capital markets regulator SEBI, all Stock Exchanges (BSE, NSE, and MCX) and also CDSL.
“Moneylicious held a vision to create a superior investing and trading experience for its clients and growing base of financially aware customers. There exists a large opportunity to offer better and differential experience in Financial Services to users from Metros, Tier-I & Tier-II cities who are financially aware and literate. It’s a great synergy with Raise, and I am thrilled to join Raise Financial Services as its Co-founder alongside Pravin in this journey,” said Jayprakash Gupta, Co-founder of Raise.
“Retail participation in stock markets witnessed a significant increase in the past 18 months, this momentum and interest is irreversible. Acquisition of Moneylicious Securities enables us to enter the investment & wealth management space with a tech-driven platform that is built for Super Traders and Long Term Investors,” said Pravin Jadhav, Founder & CEO of Raise.
This acquisition is the first step in our journey which will accelerate our goal to build superior consumer financial services for Indians, starting with Investments & Wealth. We continue to explore similar opportunities to acquire startups/ventures across finance verticals and accelerate our go-to-market as well as ramp up its efforts in setting up teams across product, technology, and operations.
Incorporated on 1st January 2021 and based in Mumbai, Raise Financial Services raised its pre-seed round early this year and is backed by the best of technology entrepreneurs & leaders in the Indian startup ecosystem. Raise is founded by serial entrepreneur Pravin Jadhav, who in his prior ventures has built and scaled multiple startups in fintech, social, and e-commerce verticals.
We are hiring across teams. Join us to Raise The Bar for financial services in India.
LinkedIn – https://www.linkedin.com/company/raise-financial-services/jobs/
AngelList – https://angel.co/company/raise-financial
Work at a FinTech – https://workatafintech.com/
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