Fintech startups feel the glow of retail gold rush

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A slew of fintech startups offering investment options such as fixed deposits and gold are drawing steady venture capital funding buoyed by rising demand for safe-haven investment options by retail investors amid choppy market conditions.

Firms like Gullak and Stable Money are among those to have caught the eye of venture capitalists keen to back startups operating in the wider wealth management space.

While lack of regulatory clarity is a challenge for this sector, investors believe that a stable and scalable model will evolve and that these startups…



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Fintech startups feel the glow of retail gold rush


A slew of fintech startups offering investment options such as fixed deposits and gold are drawing steady venture capital funding buoyed by rising demand for safe-haven investment options by retail investors amid choppy market conditions.

Firms like Gullak and Stable Money are among those to have caught the eye of venture capitalists keen to back startups operating in the wider wealth management space.

While lack of regulatory clarity is a challenge for this sector, investors believe that a stable and scalable model will evolve and that these startups…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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