Instant Investment App Deciml gains $3 million Seed Funding
Deciml, a round-up investing platform, has secured $3 million in its first startup investment round, which was headed by Jainam Broking.
In the past, MyAsiaVC, Gaurav Munjal, Ritesh Malik, Raunak Munot, Mukund Jha, and others have contributed $1 million to the Pune-based company.
In order to achieve its goal of making investing accessible to everyone, Deciml said in a press release that the money will be utilized to improve its product offerings, grow its user base, and fortify its staff.
Founded in 2020 by Satyajeet Kunjeer, Deciml makes investing simple and available to everyone by using its exclusive round-up feature to automatically invest extra change from users' everyday transactions into mutual funds. The technology creates a smooth path to wealth development by rounding up online transactions made by consumers using cards or UPI to the nearest ten and investing the difference.
Every time a customer uses a card or UPI to make an online purchase, Deciml claims that the platform automatically rounds the amount to the closest ten and invests the spare change in a mutual fund. Instead than demanding a behavioral change that can make the financial ecosystem onerous, the platform attempts to make investing less daunting and more interesting for young Indians by incorporating spare change investment into their daily lives.
“The Deciml journey is at a crucial crossroads right now. We took the time to adapt our product to user needs and now, we really want to focus all our efforts and energies on scaling rapidly. At such a juncture, we truly couldn’t have asked for a more wonderful investor and partner than Jainam. They have not only validated our vision but are also fuelling and shaping it,” said Satyajeet Kunjeer, Founder, Deciml.
Commenting on the significant fundraise, Jainam Broking’s CFO Dishant Milanbhai Parikh said, “We believe in investing in technology that simplifies investing for the common man, making financial literacy more accessible and actionable. Our investment in Deciml aligns with our vision of leveraging technology to democratise access to capital markets.”
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In the past, MyAsiaVC, Gaurav Munjal, Ritesh Malik, Raunak Munot, Mukund Jha, and others have contributed $1 million to the Pune-based company.
In order to achieve its goal of making investing accessible to everyone, Deciml said in a press release that the money will be utilized to improve its product offerings, grow its user base, and fortify its staff.
Founded in 2020 by Satyajeet Kunjeer, Deciml makes investing simple and available to everyone by using its exclusive round-up feature to automatically invest extra change from users' everyday transactions into mutual funds. The technology creates a smooth path to wealth development by rounding up online transactions made by consumers using cards or UPI to the nearest ten and investing the difference.
Every time a customer uses a card or UPI to make an online purchase, Deciml claims that the platform automatically rounds the amount to the closest ten and invests the spare change in a mutual fund. Instead than demanding a behavioral change that can make the financial ecosystem onerous, the platform attempts to make investing less daunting and more interesting for young Indians by incorporating spare change investment into their daily lives.
“The Deciml journey is at a crucial crossroads right now. We took the time to adapt our product to user needs and now, we really want to focus all our efforts and energies on scaling rapidly. At such a juncture, we truly couldn’t have asked for a more wonderful investor and partner than Jainam. They have not only validated our vision but are also fuelling and shaping it,” said Satyajeet Kunjeer, Founder, Deciml.
Commenting on the significant fundraise, Jainam Broking’s CFO Dishant Milanbhai Parikh said, “We believe in investing in technology that simplifies investing for the common man, making financial literacy more accessible and actionable. Our investment in Deciml aligns with our vision of leveraging technology to democratise access to capital markets.”
