[Funding News] Fixed Income Platform Dexif Raises $4 Mn Funding From RTP Global

RTP Global, an early-stage venture fund, invested $4 million in the first institutional fundraising round of fixed income investment platform Dexif.

Dexif plans to use the capital raised to develop the company's operations four or five times over, hire top people, and grow up its technology base.

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"Primarily, we are working on the financial institutions’ side, which are NBFCs that are in the business of raising capital," Deepank Bhandari founder and CEO of Dexif said.

In order to meet the increasing demands of a developing market, the company intends to increase the range of fixed-income assets available.

“The fixed income market, while actively traded, often faces challenges related to price discovery, accessibility for all investors, and transparency. Technology-driven ecosystems like Dexif can provide critical solutions to these issues,” Nishit Garg, partner on RTP Global’s Asia investment, said.

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About Dexif

In 2022, Deepank Bhandari and Tushar Sharma established Dexif. In 2023, chartered accountant Pallavi Bajaj joined as a cofounder. It operates a market for fixed income securities, bringing together investors and businesses trying to raise capital.

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