Raise Financial Serviceshas announced it has raised $22 million from BEENEXT and Mirae Asset Venture Investments in Series A financing. The round also saw participation from 3one4 Capital, Rocketship.vc, and angel investors including Udaan's Sujeet Kumar, Vidit Aatrey, Sanjeev Barnwal of Meesho, and neo banking startup Jupiter's Jitendra Gupta, according to an official statement.
Started by Pravin Jadhav, who earlier headed Paytm Money, in January 2021, the fintech firm's first product, trading platform Dhan, was launched in November last year.
Raise Financial plans to invest $15M in Dhan over the next few months, and plans to strengthen its product, operations, and engineering team, according to the statement.