Micro-investing platform Deciml raises pre-seed fund of $1 million
- ByStartupStory | June 2, 2022
Deciml which is a micro investing platform has raised $1 million in the pre-seed funding round led by VC(venture capital) firm MyAsia VC,Unnati Labs,Agility Ventures.
Deciml was founded by Satyajeet Kunjeer and CFA Level 2, it provides access to start one’s own investment journey. This fintech startup makes the process easier by businesses to start with ₹1 through mutual funds and fixed return funds.
“Everyone wants to be rich by the age of 40, but no one wants to stop living from 20-40. With growing aspirations and consumption, we wanted to create a super convenient way to get more young adults into the investment habit, without compromising on their aspirational lifestyles. We’re deeply passionate about solving this problem and uplifting India’s investment penetration from the current low of 3.5%,” Satyajeet Kunjeer, Founder and CEO, Deciml added.
The application is available at Google Play Store and has over 25,000+ downloads since its inception. The start-up has 20 Lakhs in assets under management (AUM) with partners like Yes Bank, lendbox and Motilal Oswal Financial Services. It is an effort to enable the young millennials to start learning to micro-invest and achieve goals more consistently be it short-term.
Popular content creator, Ranveer Allahbadia more commonly called Beerbiceps also said that this app is a great initiative, moreover is a simple and intuitive app just what was required for the young generation to start investing.
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