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SEBI-registered robo-advisory platform MintWalk (GetClarity Fintech Services) has raised an undisclosed sum from former Religare Enterprises CEO Shachindra Nath, who also agreed to be the chief mentor of the company.
Nath has made the funding through Poshika, his investment and mentoring vehicle.
Co-founded by private equity industry veterans and IIM alumni Nikhil Banerjee and Shiv Nandan Negi, MintWalk provides financial solutions.
“Having built large financial services businesses from scratch, I am of the firm view that passion and commitment differentiate between success and failure in entrepreneurship. I found Nikhil and Shiv have real intensity to solve the problem of the investing world. Their goal-based approach is simple yet unique and their machine learning and analytical algorithms are quite strong. I am sure very soon this would be a market leading platform in India,” Nath said.
Shiv Nandan Negi, Co-founder, MintWalk said, “In a country with single digit penetration across financial products, we require a different strategy to drive financial adoption. We look at Shachindra's coming aboard as a validation of our approach.”
MintWalk is registered with the Association of Mutual Funds of India (AMFI) as a registered intermediary and is a SEBI-registered Investment Advisor (RIA).
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