Fintech startup Finaureus Technologies Pvt Ltd that provides automated and augmented investment solutions has recently raised funding in the pre-Series A round from the proprietary investment organization Pinetree Capital.
Pinetree Capital, a diversified investment, venture capital, and financial advisory firm owned by the financial services professional turned entrepreneur Nanda S has provided the startup with the funding. The companies have chosen not to disclose the number of financial details of the deal.
Finaureus is a fintech startup, based out of India, Pune was launched in 2017 and provides automated investment management solutions. It has recently announced the launch of its online investment advisory platform, AlphaNiti, with a US-based firm, Validea, under a joint venture. This platform will support investors from both the markets – India and the US. This platform will also enable the company to launch proprietary strategies of investment for major asset classes, focusing on equity and mutual funds initially.
Finaureus was founded by former CEO Mirae Asset, the global asset management firm and U R Bhat, former leader of Dalton group UK’s entry in India with JP Morgan.
The fintech market is experiencing major investment activities across all stages as technology is being infused into the traditional financial products.
Fingpay backed by the ICICI bank also raised Series A funding in cash from IvyCap Ventures earlier this month.
Jusypay Technologies Pvt Ltd, a payments technology firm raised funding of $21.6 million in April in the Series B round.
Setu the API infrastructure startup raised $15 million last week in its Series A funding round.
Few other fintechs also raised funding to enhance and introduce new fintech solutions in the market. To know more about such investments and funding news along with every other facet of the fintech industry, follow the fintechbuzz. Fintechbuzz publishes regular updates about the latest buzz in the fintech field.
