Portfolio management startup MProfit raised $2 million in funds from Zerodha’s Rainmatter, ENAM Holdings, Gruhas Proptech, Auxano Capital and Samarthya Investment Advisors.
Users of MProfit can combine their investment portfolios from various asset classes and brokers. With the incoming funding, the portfolio management platform intends to swiftly implement new initiatives. The fintech startup wants to introduce API integrations, performance reporting, and asset tracking for global assets. MProfit states that it supports data import for over 700 stockbrokers and can read Mutual Fund CAS statements for automated data import. Files in a variety of formats, including PDF, Excel, HTML, CSV, TXT, and DBF, can be imported by the platform.