Source: YourStory Media
Author: Sujata R Sangwan
Rainmatter, a fintech fund and incubator set up by online stock trading startup Zerodha, has invested Rs 3.5 crore in a Bengaluru-based online startup for fixed-income investments, GoldenPi Technologies.
Launched in 2017 by Abhijit Roy and Samir Baran Pratihar, GoldenPi Technologies acts as an aggregator for bonds and debentures across bond institutions, capital market divisions of banks and other players in the capital markets.
In a statement, the startup said, "Until now, transactions in bonds and debentures occurred between a close-knit circle of large corporations and highly-privileged individuals who had the ability to make large investments. GoldenPi is now opening up this segment to retail players with investment values as low as Rs 10,000. Retail investors can now invest in this investment category that generates higher returns than fixed deposits".
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[Funding alert] Rainmatter invests Rs 3.5 Cr in fixed-income investment startup GoldenPi
Rainmatter, a fintech fund and incubator set up by online stock trading startup Zerodha, has invested Rs 3.5 crore in a Bengaluru-based online startup for fixed-income investments, GoldenPi. Launched in 2017 by Abhijit Roy and Samir Pratihar, GoldenPi acts as an aggregator for bonds and debentures across bond institutions, capital market divisions of banks and other players in the capital markets.
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