Bengaluru: Former Paytm Money chief executive, Pravin Jadhav’s new startup Raise Financial has raised a seed round from Mirae Asset Venture Investments, as well as from a group of prominent unicorn founders and chief executives. The startup which is due to launch its first product in the second half of 2021 will focus on providing wealth management solutions and distribution of financial services to customers in metro and Tier 1 cities. “Raise Financial will be bullish about differentiated distribution of financial services and has chosen Tier 1 as a focus. “Indian financial services market remains under-penetrated and there is huge space for multiple product offerings to cater to this large market. In 2017, Jadhav had started Paytm Money, the wealth management division of One97 Communications Ltd., the brand which owns Paytm.

Source: Mint February 25, 2021 05:36 UTC