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IPO-bound investment tech unicorn Groww has signed a definitive agreement to acquire wealthtech startup Fisdom in an all-cash deal, sources told Inc42.
The deal, which values Fisdom at about $150 Mn, is subject to regulatory approval.
With the acquisition, Groww is looking to expand its offerings in the wealth management space.
“The move will bolster Groww’s capabilities and expand its offerings in the wealth management sector. With Fisdom’s expertise and established partnerships with…
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IPO-bound investment tech unicorn Groww has signed a definitive agreement to acquire wealthtech startup Fisdom in an all-cash deal, sources told Inc42.
The deal, which values Fisdom at about $150 Mn, is subject to regulatory approval.
With the acquisition, Groww is looking to expand its offerings in the wealth management space.
“The move will bolster Groww’s capabilities and expand its offerings in the wealth management sector. With Fisdom’s expertise and established partnerships with…
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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