Serial entrepreneur Pravin Jadhav’s newest startup Raise Financial Services on Tuesday said that it has acquired Mumbai-based stock broker Moneylicious Securities. Moneylicious Securities will now operate as a fully-owned subsidiary of Raise, post the acquisition. In his previous stint, Jadhav launched Paytm Money, the Noida-based financial services company’s wealth management division. 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 Gupta, co-founder of Raise.

Source: Mint August 10, 2021 00:22 UTC