GoldenPi, a Bengaluru-based online aggregator of bonds and debentures available in the secondary market, announced that it has raised Rs3.5 crore funding from Rainmatter Capital, a fund created by stock trading platform Zerodha to incubate innovative Indian fintech startups.
Founded in 2017 by Abhijit Roy and Samir Pratihar, GoldenPi is looking to open up transactions in the bond and debentures market to retail investors and allows individuals to invest in the same at values as low as Rs 10,000.
“Investor returns have been vastly limited by minimal interest rates of fixed deposits and volatility of the stock market. Through our platform, we’re opening up new investment options to the 70 million retail investor segment across the country,” said Abhijit Roy, Co-Founder & CEO, GoldenPi.
“In India, the retail participation in the capital markets is at a nascent stage. We feel such fixed income investment products can help in a big way to push more retail investors in the capital markets,” said Nithin Kamath, founder and CEO of Zerodha.
GoldenPi brings a smart and easy to use financial robo-advisor to retail investors that takes care of their fixed income investments. GoldenPi advisor creates a customized portfolio that suits specific needs of investors. The portfolio is created from a wide range of fixed income instruments across bonds, ncds, company fixed deposits etc.
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