Online investment platform Vested Finance on Friday said it has raised USD 3.6 million (about Rs 26.2 crore) in funding from Moving Capital, Ovo Fund and TenOneTen Ventures in the US. The seed funding round also saw participation from Inflection Point Ventures and Venture Catalysts in India, a statement said. The company will use the new funds to accelerate product development and hire talent across the US and India, it added. Vested Finance is a California-headquartered US Securities and Exchange Commission (SEC) Registered Investment Adviser (RIA) that enables Indian investors to invest in the US stock market. Founded two years ago, the company has seen rapid growth in 2020 and processed more than USD 100 million in trades in 2020.
Vested Finance raises $3.6 million in seed funding round
Ovo Fund and TenOneTen Ventures in the US also took part in the funding round
PTI | February 5, 2021 | Updated 19:52 IST
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Online investment platform Vested Finance on Friday said it has raised USD 3.6 million (about Rs 26.2 crore) in funding from Moving Capital, Ovo Fund and TenOneTen Ventures in the US.
The seed funding round also saw participation from Inflection Point Ventures and Venture Catalysts in India, a statement said.
The company will use the new funds to accelerate product development and hire talent across the US and India, it added.
Vested Finance is a California-headquartered US Securities and Exchange Commission (SEC) Registered Investment Adviser (RIA) that enables Indian investors to invest in the US stock market.
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SAN FRANCISCO and MUMBAI, India, Feb. 4, 2021 /PRNewswire/
Vested Finance, a Silicon Valley-based online investment platform that enables Indian investors to invest in the U.S. stock market, today announced it has raised a $3.6 million seed funding round with participation from Moving Capital, Ovo Fund and TenOneTen Ventures in the U.S., and Inflection Point Ventures and Venture Catalysts in India. The company will use the new funds to accelerate product development and hire talent across the U.S. and India.
Vested is on a mission to enable sustainable wealth creation by allowing local investors to invest globally. Founded two years ago, the company saw rapid growth in 2020. Money deposited into Vested accounts grew 26x over the last twelve months, along with a 5x increase in U.S. brokerage accounts opened through the platform. Vested processed more than $100 million in trades in 2020, and more than half of the investors using the Vested platform are investin
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