Fintech
Validus Fintech Raises Seed Funding From AUM Ventures
By Gloria Mathias
Today
- AUM Ventures
- Fintech financing
- fintech india
Validus Fintech based in Hyderabad Services has secured an undisclosed seed funding investment from AUM Ventures, an India-focused venture capital fund based in Abu Dhabi Global Market (ADGM), and other strategic investors.
The newly guaranteed funds will be used to Product Developmentbusiness and market expansion efforts, allowing the company to establish a strong presence in a market traditionally dominated by incumbent operators.
Founded in 2022 by Ganesh Venkatachalam, Validus Fintech is developing digital market infrastructures for the investment management industry, including mutual funds, alternative funds, PMS, pension solutions, corporate markets and more.
It seeks to provide a range of fund administration solutions, such as recordkeeping and transfer agency services, investor relations, distribution support, analytics and insights. The aim is to create a completely new market infrastructure with a market approach to integrate a completely new set of stakeholders.
Chetan Mehta, Founding Partner of AUM Ventures, commented on the investment, saying, “The AMC and AIF sectors in India have witnessed astonishing growth. Current solutions to serve these industry verticals are based on old legacy infrastructure and there is a strong need for a next-generation digital infrastructure to meet the demands, especially given the growing digital ecosystem. We are excited to partner with Validus Fintech and its experienced team to enable the introduction of a transformative solution for the sector.”
“This financing is a significant validation of our mission to transform the way the wealth management industry is served and will help us establish a strong presence in the market,” he said. Ganesh Venkatachalam, founder of Validus Fintech. “Our platform was created to revolutionize the investment landscape by fostering a bank-like ecosystem in the mutual fund and investment management industry and improving the user experience through innovative technology.”