back Back

FinTech EduFund raises INR 25 mn in pre-seed round from ViewTrade

By Edil Corneille

February 12, 2021

  • Edufund
  • India
Share

Angel, EduFund, FinTech, funding, startupAhmedabad-based FinTech startup EduFund raised INR 25 million as part of its pre-seed investment round from ViewTrade, a US-based holding corporation, as mentioned in media reports. ViewTrade was the main investor along with other angel investors from a private syndicate through Angel List.

EduFund provides parents with the means to build an education fund for the child higher studies. The company plans on using the raised funds for product expansion by incorporating more policies to fulfil the financial and educational goals of students.

According to media reports, Eela Dubey – Co-founder and CEO of EduFund said, “What we are trying to build at Edufund is a unified platform that best suits one’s academic aspirations. Looking back, it was a challenge to put our heads down and just keep building a product so granular for the past 8 months. As a team, this capital raise of 2.5 Cr. is a good validation for us and motivates us to focus on customer feedback, product development and client acquisition. We are thankful to our Angel’s and our institutional partner VTS who showed faith in us pre-product.”

“We are excited to be a part of this forward-looking company, driven by a passionate team of innovators. With an emphasis on education, their ultimate success is inevitable,” said James StClair, President of VTS, according to media reports.

To keep with the trends of the FinTech industry, the company is aggressively working on its growth trajectory. With the newly acquired funds, the company aims to invest in market acquisition and impactful marketing campaigns which have a greater outreach to parents and students interested in overseas education.

Regulated by SEBI, EduFund is a Registered Investment Advisor in India. The company is said to ensure 100% privacy and confidentiality when it comes to storing personal information of users.

Previous Article

February 12, 2021

Valour appoints former HSBC exec as its new Chief Executive

Read More
Next Article

February 12, 2021

Mogo announces $56.4mn investment for 19.99% stake in Coinsquare

Read More








IBSi Daily News Analysis

March 22, 2024

Edufund

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Payop partners with Tink to add Pay by Bank in Europe

Read More

March 26, 2024

LHV Bank launches personal savings product on Hargreaves Lansdown

Read More

March 22, 2024

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023