Deciml enables customers to start investment journey with just ₹1
By Leandra Monteiro
Deciml, a micro-investing platform, has launched with the aim to fundamentally change the way people perceive investing and make their initiation into the investing ecosystem simpler. The Pune-based FinTech firm enables users to start their investing journey with as little as ₹1 through Mutual Funds and Fixed Return Funds.
Born as a bootstrapped start-up, today Deciml is backed by a clutch of strategic investors that include VCs, entrepreneurs, and creators. The Pune-based fintech firm has raised $1 Million in a Pre-seed Round from investors. The funds will be utilised primarily for customer acquisition, product enhancements, and onboarding talent.
Satyajeet Kunjeer, Founder and CEO, Deciml said, “Everyone wants to be rich by the age of 40, but no one wants to stop living from 20-40. With growing aspirations and consumption, we wanted to create a super convenient way to get more young adults into the investment habit, without compromising on their aspirational lifestyles. We’re deeply passionate about solving this problem and uplifting India’s investment penetration from the current low of 3.5%.”
One of the investors, Akshay Jain, VP Investments of Unnati Labs said, “Deciml is the piggy bank for the digital age, small unnoticeable additions leading to big outcomes. Our elders knew it, we seem to have forgotten it over the last 40 years. By inculcating the habit of investing and experiencing the joys of compounding, Deciml can play a big role in reminding our younger generations of it.”
In an effort to provide users with more ways to micro-invest regularly and achieve goals more consistently, the app also offers the option of setting daily investments as well as an option to make one-time lump-sum investments. In the next five years, Deciml aims to be a one-stop financial destination for young millennials, offering a wide variety of investment and financial services, customised to user needs.
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