Round-up Investing Platform Deciml Secures $3 Million in Seed Funding

Round-up investing platform Deciml has Secured $3 million in a seed funding round led by Jainam Broking, marking its first venture into startup investment.

The Pune-based company had previously raised $1 million from MyAsiaVC, Gaurav Munjal, Ritesh Malik, Raunak Munot, Mukund Jha, and others.

Deciml stated in a press release that the funds will be used to enhance its product offerings, expand its user base, and strengthen its team to fulfill its mission of making investing accessible to all.

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Founded in 2020 by Satyajeet Kunjeer, Deciml leverages its unique round-up feature to automatically invest spare change from users’ daily transactions into mutual funds making investing effortless and accessible for everyone. Whenever users make an online transaction via card or UPI, the platform rounds up the amount to the nearest 10 and invests the difference, creating a seamless pathway to wealth creation.

Deciml says that every time a user makes an online payment using a card or UPI, the platform automatically rounds up the amount to the nearest 10 and invests the extra change into a mutual fund.

The platform wants to make investing easier and more fun for young Indians by including spare change investing in their everyday life, instead of making them change their habits, which could feel overwhelming.

Satyajeet Kunjeer, founder of Deciml said, “The Deciml journey is at a crucial crossroads right now. We took the time to adapt our product to user needs, and now we want to focus all our efforts and energies on scaling rapidly. At such a juncture, we truly couldn’t have asked for a more wonderful investor and partner than Jainam. They have not only validated our vision but are also fueling and shaping it,”. 

About Deciml

Deciml was founded in 2020 by Satyajeet Kunjeer. It provides a micro-investing solution that lets users automatically invest their spare change from daily transactions into mutual funds.

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