Fisdom provides a digital wealth management platform that enables users to invest in mutual funds, insurance, pension funds and digital gold, and includes real-time tracking, smart fund guidance and portfolio re-balancing. The company serves consumers and partners with banks and financial institutions to provide access to financial products. Partners named in the article include Oriental Bank of Commerce, Bank of Baroda, Indian Bank, Karnataka Bank, City Union Bank and Bajaj Finserv. The business is led by CEO Subramanya SV (Subu) and CBO Anand Dalmia. Fisdom intends to use new funding to expand operations and broaden its business reach. Fisdom is a wealth‑tech platform that partners with banks to help consumers make long‑term investment decisions across products such as mutual funds, insurance, pension funds, and digital gold. The company was founded by Subramanya SV and Anand Dalmia. Fisdom operates a partnership model with banks to distribute its product offerings. It plans to expand its product set, including insurance and broking, per its CEO. The business received a fresh capital infusion to continue innovating and serving consumers. The round also positions Fisdom to explore opportunities with a larger fintech partner. Fisdom operates an online wealth management app that enables users to make financial and investment decisions from their mobile phones. Its platform allows customers to invest in mutual funds with fully digital onboarding, advisory, transactions, tracking and automated rebalancing. The company intends to use the Series B proceeds to further enhance its technology, expand its team and customer acquisition efforts, and to roll out more financial products such as insurance and NPS. The round was led by Accion Frontier Inclusion Fund, managed by Quona Capital, with participation from existing investor Saama Capital. Fisdom was founded by Subramanya SV and Anand Dalmia, who have backgrounds in venture capital and investment banking. Previously the company raised $1.1M in a Series A from Saama Capital and $500K from a group of global angel investors. Finwizard Technology runs Fisdom, a mobile wealth-management app targeting retail investors. The company plans to use recent funding to invest in technology, expand its team, and acquire customers. It currently has a team of 25 and plans to add 10 employees by the end of the year. Founders Subramanya SV, Ramganesh Iyer and Anand Dalmia started the company in September 2015; the founders have backgrounds at Bessemer Venture Partners, Peepul Capital Advisors and Macquarie Capital India. Fisdom positions itself to reach underserved customers in Tier 2 and Tier 3 cities as smartphone and internet usage grows. The company previously raised $500,000 in a seed round from angel investors led by Rob Chandra.

Total raised

$23M

Funding rounds

4

Latest round

Series B

Latest activity

Dec 2020