Prominent angel investors and family offices, including Jaideep Hansraj of Kotak Securities, Shailesh Haribhakti of Shailesh Haribhakti & Associates, and Oisharya Das, CEO of Kotak Private, invested Rs 14 crore to the seed round of funding for the fintech platform Fixerra (previously Fixed Invest).
In addition to angel investor Shivang Desai, the family office of Signet Excipients Pvt Ltd’s Harish Shah also made investments in the round.
Fixerra rebrands from Fixed Invest, a fixed-deposit business, with the fundraising. Fixerra becomes a full-service bank after rebranding. Fixerra helps digital companies offer banking solutions fast and legally.
The platform makes use of various deposit-taking financial institutions’ API-enabled banking infrastructure to handle every stage of the fixed deposit lifecycle, from discovery to post-investment services.
Founder and CEO of Fixerra, Akshar Shah, commented, “We want to become a digital mall for banks. Over the next 3 years, we are going to focus on building infrastructure for marketplaces across multiple banking products.”
Founded by Akshar Shah, Fixerra is an embedded finance startup helping digital businesses launch banking products quickly and compliantly.
It has built an easy-to-integrate fixed deposit gateway with partnerships across seven banks and NBFCs.