Moneyfy and Raise Financial Services collaborate to deliver financial products
By Leandra Monteiro
Tata Capital’s Moneyfy, the digital wealth management platform has partnered with Raise Financial Services’ stock investing and trading platform – ‘Dhan’.
The collaboration will give Moneyfy users access to stock investing, trading, and margin funding. Through Dhan’s direct equity platform, Moneyfy app users can now open a Demat account, buy and sell Equity shares and trade in Futures and Options.
Moneyfy has a wide range of offerings including Mutual Funds, Loans, Credit Card, Insurance, National Pension System and Corporate Fixed Deposit. With this association, Moneyfy will become one of the few wealth management platforms to offer a large suite of financial products and services on a single platform.
Saurav Basu, Head – Wealth Management, Tata Capital said, “This association is in line with our vision to offer a comprehensive product suite on Moneyfy, keeping in mind the holistic financial requirements of customers. With this extension in offerings, we are proud to be the preferred one stop shop for people’s personal finance needs. This alliance will help us strategically expand our horizon and achieve scale efficiently.”
“Our partnership with Tata Capital is based on the core philosophy at Raise, wherein we aim to develop superior products for customers which help them make better investment decisions. We aim to create an exemplary offering via this partnership that will drive deep value creation in the Digital Wealth, Financial planning and Investments space,” said Jay Prakash Gupta, Co-Founder & COO of Raise Financial Services.
Dhan is a technology and product-led investment platform built for Long Term Investors and Super Traders in India. Headquartered in Mumbai and operated under Moneylicious Securities, Dhan is part of Raise Financial Services, which was incorporated in January 2021 to create technology-led consumer financial services and products. The organisation has successfully launched 5 products for Web, Mobile, TV, APIs, and India’s first dedicated app for F&O Traders – Options Trader.
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