Fixerra Pvt Ltd, previously operating under the name Fixed Invest, has secured Rs 14 crores in a seed funding round, with backing from notable angel investors and family offices. Key participants in the funding include Jaideep Hansraj, Managing Director of Kotak Securities, Shailesh Haribhakti, Chairman of Shailesh Haribhakti & Associates, Oisharya Das, CEO of Kotak Private, and the family office of Harish Shah, Managing Director of Signet Excipients Pvt Ltd, among others.

Fixerra's recent funding signifies a strategic transformation for the company, previously known as Fixed Invest, as it evolves from a Fixed Deposits marketplace to an Embedded Finance startup. The shift positions Fixerra to become a comprehensive banking-as-a-service provider, facilitating the rapid launch of banking products for digital businesses while ensuring compliance. Shailesh Haribhakti, expressing excitement about the investment, stated, "We are excited to back Fixerra’s vision to bridge a gap between banks and fintechs that helps enable consumers to explore a broader range of superior banking services".

Under the leadership of Founder and CEO Akshar Shah, Fixerra is actively forming banking partnerships and enhancing its product offerings. The company has outlined an ambitious growth plan, aiming to empower over 200 digital businesses with its banking-as-a-service suite in the next three years. Akshar Shah, sharing the company’s strategic vision, explained, “We want to become a digital mall for banks. Over the next 3 years, we are going to focus on building infrastructure for marketplaces across multiple banking products”. Akshar Shah brings a wealth of experience from the financial sector, with key roles at Kotak Mahindra Bank. His contributions in advising India’s largest family offices on assets exceeding Rs 20,000 crore and his leadership role in Kotak’s in-house fintech app, Kotak Cherry, highlight his expertise.