Fintech startup Wint Wealth announced on Wednesday (July 26) that it has secured the online bond platform provider (OBPP) licence from the Securities and Exchange Board of India (SEBI). This licence allows the Bengaluru-based startup to continue facilitating investments in corporate bonds for retail investors.
SEBI Mandate for Online Debt Investment Aggregator Platforms
According to SEBI’s mandate, online debt investment aggregator platforms requires to obtain the OBPP licence. Last November, SEBI directed platforms selling listed debt securities to get a certificate of registration as a stockbroker. The registration was required in the wholesale debt segment under the SEBI (Stockbrokers) Regulations. The purpose was to function as an OBPP (Order-Book-Principle Platform).
Wint Wealth’s Impressive Track Record
Wint Wealth boasts facilitating cumulative investments worth over INR 1,000 Cr in corporate bonds for close to 50,000 investors. The startup advocates regulating the rapidly growing bond market among retail investors. Their commitment aims to ensure the protection of these investors.
Expansion Plans and Potential New Offerings
As part of its expansion plans, Wint Wealth is actively looking to introduce a range of fixed-income products to its portfolio, providing more opportunities for retail investors. The startup has also applied for a non-banking finance company (NBFC) licence to further bolster its offerings and revenue. If successful, the NBFC licence will enable Wint Wealth to add new offerings, including loans against corporate papers held by its customers.
The Growing Opportunity in the Fintech Lending Tech Space
The State Of Indian Fintech Report Q2 2023 projects the lending tech opportunity in India to reach $1.3 Trillion by 2030. Indian startup investors highly seek the consumer lending segment due to its large addressable market. Fintech startups like Wint Wealth can capitalize on the debt market investment space with their advantageous position.
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