Deep tech fintech startup Fabits has recently secured pre-seed funding from WMUIndia. This strategic partnership will transform the B2B fintech space and also empower mutual fund distributors and other key players to enhance their client offerings, the companies said in a statement.
Fabits is headquartered in Bengaluru and was founded in 2022 as a financial planning fintech startup.
The company offers goal-based investment solutions in an approach that combines human investment expertise and deep-tech algorithms.
As part of this pre-seed funding, the capital infusion will be used to strengthen Fabits' deep tech model and enable accurate predictions and innovative investment strategies for its customers, the companies said.
The funding will also be used to expand Fabits' B2B initiatives within the mutual fund distribution space
Ajath Anjanappa, CEO and Co-Founder of Fabits said, “70% of the funds received will be allocated to building the core product and technology, while the remaining 30% will be directed towards marketing and customer acquisition through strategic partnerships with key players in the industry.”
JayaprakashPai, Founder & CEO of Wealth Managers United (India) said, "Fabits’ deep-tech platform combines the best of traditional financial wisdom and modern technology.”
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