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Deep tech-enabled investments startup Fabits has announced its pre-seed round led by WMUIndia, one of India’s leading wealth management firms.
The infusion of funds will improve Fabits' deep tech model, enabling it to produce more precise forecasts and offer clients improved investing options. Along with facilitating the technology, offers, expansion, and other strategic partnerships with important players of the core product, the funds will also be utilised to extend its business-to-business (B2B) operations in the mutual fund distribution sector.
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“We are very excited with the pre-seed funding from WMUIndia, as well as the expertise they bring in the space of wealth management. 70 percent of the funding received now will be used for building the core product and technology while the other 30 percent will go into marketing and customer acquisition via strategic partnerships with key players,” said Ajath Anjanappa, CEO & Co-Founder, Fabits. “With its goal-based approach, we understand and tailor investments to specific aspirations and ensure an effective and personalized financial strategy,” he added.
To build individualised and sustainable portfolios, Fabits aims to clear the clutter in the fintech industry by focusing on financial planning and wealth management clients.
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“Fabits’ deep-tech platform combines the best of traditional financial wisdom and modern technology. It has a hybrid model that is a perfect blend of the efficiency of digital platforms and guidance from experienced advisors in wealth management. We are excited to support Fabits in their journey towards fintech enhancements and strategic collaborations, and look forward to the growth journey ahead,” said Jayaprakash Pai, Founder & CEO, Wealth Managers United (India) Pvt Ltd.
Fabits, a 2022 financial planning fintech firm, makes wealth management accessible to the masses with goal-based solutions and advice. Fabits prioritises B2B and strategic partnerships with industry leaders due to its unmatched financial experience.
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With investment strategies that are tailor-made to an individual’s unique and specific needs and goals, Fabits will make the path to financial freedom and wealth creation easy, effective and accessible.
About Fabits
Headquartered in Bengaluru, Fabits is a goal-based investment platform that enables users to begin their financial investment journey effortlessly. Fabits’ investment strategies are tailor-made to make the path to financial freedom and wealth creation easy, effective, and accessible.
Fabits is looking to break the clutter in the fintech space and target customers for financial planning and wealth management to create sustainable and personalized portfolios.
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