Vijya Fintech secures $1 Million In Its Angel Round Led By Several Strategic Investors

• ByStartupStory     |    November 17, 2022

The Surat-based Vijya Fintech Pvt Ltd, which owns Mercury (one of India’s best cloud-based full-stack fully integrated multi-asset execution and reporting wealth management platforms), has raised $1 million in its Angel round, which was spearheaded by numerous significant strategic investors. These include BP Wealth, Narola Infotech Solutions LLP, Sagar Investments, GK Global, and many more. The company will use the money to advance its goal of making cutting-edge, open architecture-based technology powering the multi-asset wealth management platform affordable for all financial intermediaries.

“The Angel Round was well-timed with our beta launch of Mercury, and it strengthens our efforts in technology and operations in our endeavor to connect the disconnected financial ecosystem. And we are deeply grateful to all our strategic investors who have shown tremendous confidence, faith, and trust in our vision and mission for building Mercury,” said Aakash Bansal, co-founder, and CEO, of Vijya Fintech Pvt Ltd.

Mercury, a company-owned brand, is managed by youthful enthusiasts with more than 20 years of experience in successfully establishing and maintaining tens of thousands of financial intermediaries, including MFDs, RIAs, stock brokers, PMS, and banks around the nation. According to a statement from the company, Vijya Fintech has given customers access to more than 2000 financial intermediaries who are currently in charge of managing portfolios for more than 30 lakh investors with AUM of over INR 1 lakh crore.

“We are glad to be a part of Mercury, a wealth management SaaS platform for financial intermediaries. The vision of the founders, as well as their strong background in the domain, convinced us to be strategic partners for this great product. Mercury will surely help financial intermediaries to exponentially grow wealth for their investors with plenty of insights, visibility, and transparency of multi-asset investment for financial intermediaries as well as their clients,” commented Ashish Narola, chief executive officer, of Narola Infotech Solutions LLP.

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