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Bengaluru-based Fxkart.com, an online aggregator of foreign exchange dealers, has received $2-million seed funding from its founder Mushtaq Shah and its strategic advisor Faraz Naqvi. The seed funding is in their private individual capacities.
Fxkart.com is an online platform for exchange of foreign currency that helps to improve the consumer experience of carrying out their forex transactions. Fxkart.com FZ LLC is a UAE-based free zone company having its R&D centre at Bengaluru.
Mushtaq Shah, based in the UK, is the co-founding partner of Quantmetrics Capital Management, a billion dollar hedge fund company. Faraz Naqvi based in the US, is a partner at QM Ventures, a private investment group focusing on investments in healthcare, technology and infrastructure.
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