Top Five promising WealthTech Companies in India

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[{"type":"txt","id":"rich_1648558210709","data":" Did you know that India topped the global fintech deal rankings again, with four out of ten of the region\u2019s top deals coming from the country? <\/p>With the growing investor interest and digital adoption, there has been a rapid growth in the wealth tech sector in India. Especially, because of pandemic India\u2019s Internet penetration has surged by 8.3% per year resulting in the greatest usage of digital technology.\n\n<\/p>"},{"type":"txt","id":"rich_1648558210710","data":" It is the fastest-growing fintech market in the world, ahead of the United States. Wealthtech in India has especially grown rapidly. More than 300 startups have emerged in India in the health tech sector, including, online brokerages, Robo-advisories, investment platforms. <\/p>\n Recent reports state that the Indian wealth tech market is estimated to triple in size from US$20 billion to US$63 billion by 2025. Also, the report noted that wealth tech stands to benefit from several tremendous opportunities in the world\u2019s largest democracy. \n<\/p>"},{"type":"txt","id":"rich_1648558210711","data":"Zerodha <\/u><\/b><\/p>\nZerodha has more than 5 million clients who trade and invest in a wide range of products, accounting for over 15% of all wholesale volume of orders in India daily. Futures and options, bonds, stocks and IPOs, commodities and currency derivatives, direct mutual funds, and government securities are all available to Zerodha customers.\n <\/p>"},{"type":"img","id":"img-uid-1648558210712","data":"62430425e3b10"},{"type":"txt","id":"rich_1648558210713","data":" In comparison to the previous year, revenue increased by 11% to approximately US$127 million in FY2020. The company has a self-value of $1 billion. <\/p>"},{"type":"txt","id":"rich_1648558210714","data":"Groww <\/u><\/b><\/p>\nGroww is one of the most popular online investment platforms. Groww App, which can be downloaded free of cost. It allows the user to safely trade stocks, mutual funds, and even digital Gold. Neeraj Singh, Harsh Jain, Lalit Keshre, and Ishan Bhansal<\/i> founded Groww, a mobile app startup in 2016.\n <\/p>"},{"type":"img","id":"img-uid-1648558210715","data":"6243043124b14"},{"type":"txt","id":"rich_1648558210716","data":"Groww is expanding its stock market services by being an authenticated broker with the BSE. Groww offers no recommendations but encourages users to select their portfolios according to the available information. The SIP option is also available to investors. <\/p> <\/p>Groww features a feature called \u2018Smart Save.\u2019 The function is inclined towards saving customer accounts. The funds will be placed in a money market fund with just an option for immediate redemption. <\/p>"},{"type":"txt","id":"rich_1648558210717","data":"Upstox <\/u><\/b><\/p>Headquartered in New Delhi, India, the Stockbroking company Upstox limited operates in India. But the company has a global presence. Upstox offers zero brokerage fees for equity delivery customs and up to Rs. 20 per demand for intraday and F&O trades, commodities, and currencies. \n <\/p>"},{"type":"img","id":"img-uid-1648558210718","data":"6243043b1e947"},{"type":"txt","id":"rich_1648558210719","data":"Investors and professionals can find a variety of investments on the company\u2019s website, including stocks, mutual funds, commodities, derivatives, currencies, and ETFs. <\/p> <\/p>\nUpstox was founded in 2010. Later in 2012, the firm became the first in the sector to provide fixed-price unlimited trading plans. Ravi Kumar and Shrini Viswanath <\/i>are the founder and Co-founders of Upstox.\n <\/p>"},{"type":"txt","id":"rich_1648558210720","data":"WealthDesk<\/b><\/u> <\/p>WealthDesk is India\u2019s first B2B2C platform, capturing the whole Investment, Management value chain, from portfolio development on top of equities and exchange-traded funds (ETFs) to WealthBasket investment products.  <\/p>"},{"type":"img","id":"img-uid-1648558210728","data":"6243046d2d350"},{"type":"txt","id":"rich_1648558210722","data":"WealthDesk\u2019s platform is used by more than 50 partners to align their brokerage and consulting offerings. <\/p>WealthDesk, as a B2B2C SaaS platform in this market, can bring in B2B and build a larger ecosystem at scale.\n <\/p>"},{"type":"txt","id":"rich_1648558210723","data":"Cube Wealth <\/u><\/b><\/p>\u201cI think this pandemic is a critical point for digital wealth management,\u201d<\/b><\/i> says Satyen Kothari<\/i>, founder, and CEO.\n\n <\/p>"},{"type":"txt","id":"rich_1648558210724","data":"He launched the company in 2018 to create an app that is simple to use, delivers the best advisors, and aids in wealth accumulation, particularly for busy professionals. Designers, Engineers, Wealth Coaches, Marketers, and Operations Experts make up the team. <\/p>"},{"type":"img","id":"img-uid-1648558210725","data":"6243045746abf"},{"type":"txt","id":"rich_1648558210726","data":"Building Your Perfect Portfolio of Investments, many alternatives for mutual funds, portfolio tracking, over 17,000 funds investment choices such as mutual funds, foreign equities, digital gold, and trading platforms, pretty much any time assistance from wealth coaches, and so on are some of the unique features of the app. <\/p>"},{"type":"txt","id":"rich_1648558210727","data":"India is a global fintech powerhouse, with over 2,100 fintech firms which is one of the greatest fintech acceptance rates in the developed world. Investors around the world are positive about India\u2019s fintech prospects, having invested billions into the sector.\n\n <\/p>"}]

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