The Hyderabad-based fintech startup has secured an undisclosed capital as a part of its seed funding round from AUM Ventures and a clutch of strategic investors
The startup plans to deploy the fresh proceeds for product development and business expansion
Founded by Ganesh Venkatachalam in 2021, Validus offers digital services for the alternate investment management industry, mutual funds, pension and retirement solutions
Hyderabad-based fintech startup Validus Fintech Services Pvt Ltd has secured an undisclosed capital as a part of its seed funding round from AUM Ventures and a clutch of strategic investors.
The startup plans to deploy the fresh proceeds for product development and business expansion.
Founded by Ganesh Venkatachalam and Suram Mukkavilli in 2021, Validus offers digital services for alternate investment management industry, mutual funds, pension and retirement solutions. As per its website, the startup also claims to facilitate investors and distributors with services, including digital onboarding of investors, transaction reporting and investor relations among others.
“Our platform is crafted to revolutionise the investment landscape by fostering a banking-like ecosystem within the mutual fund and investment management industry and advancing user experience through innovative technology,” said Venkatachalam.
The development comes at a time when India’s fintech space has been seeing a lot of activities across funding and M&A.
For instance, healthcare-focused fintech startup Care.fi recently secured debt funding of $2.6 Mn (around INR 21 Cr) from Trifecta Capital and UC Inclusive Credit for business expansion and talent acquisition.
Similarly in March, fintech startup FREED raised INR 60 Cr ($7.5 Mn) in its Series A funding round led by Sorin Investments and Multiply Ventures to expand its reach and improve technology.
In December last year, Kunal Shah-backed digital banking platform, ANQ Finance acquired healthcare-focussed lending startup Kiwimoney for an undisclosed amount.
Similarly, fintech startup BharatX recently acquihired Zenifi for an undisclosed sum to foray into the healthcare lending space.
As per Inc42 report, the fintech ecosystem’s lending space stood at more than $270 Mn in FY22, making it the fastest growing segment.
