Zerodha-backed GoldenPi and 5paisa work collaboratively to make online bond investments possible
- ByStartupStory | August 3, 2022
GoldenPi, a fintech startup backed by Zerodha, and 5paisa, a brokerage company, are working together to give individual retail investors more options for fixed income investments, such as bonds and debentures, and to speed up and simplify the process for them.
5paisa, a Mumbai-based company, offers financial solutions via its mobile applications and internet technology platform. In 2016, Prakash Gagdani founded the firm. It is registered with AMFI as a mutual fund distributor, SEBI as a stock broker, depository participant, and research analyst.
GoldenPi, with headquarters in Bengaluru, was established in 2017 by Samir Baran Pratihar and Abhijit Roy. It serves as aggregators for bonds and debt obligations among bond institutions, bank capital market divisions, and other capital market participants. People are given advice and support by GoldenPi on how to invest their money in secure choices with fixed returns alone (such as Government Bonds and Corporate Debentures etc.).
The fintech firm will combine fixed income with 5paisa platforms for both online and mobile using its software-as-a-service offering. According to GoldenPi, its advisors always design a portfolio that is specifically tailored to the needs of their clients. Bonds, NCDs, company fixed deposits, and other fixed income instruments are used to build the portfolio.
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