[Funding alert] Fintech Startup MProfit Raises Funding

MProfit, a fintech platform that enables wealth managers and investors to oversee their multi-asset investments, reported having raised about $2 million in its first funding round.

Zerodha's Rainmatter, Enam Holdings, Gruhas Proptech, Auxano Capital, and Samarthya Investment Advisors all participated in the financing. The MProfit team intends to hasten the implementation of new ideas after successfully completing its first fund-raise, as per reported by VCCircle.

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“A key motivation for us to build MProfit is rooted in our belief that in India, the concept of tracking investments as a family is very important. Investors generally like to track not only individual portfolios but also their family’s overall returns in one place", said Kiran Shah, co-founder & CEO, MProfit.

MProfit aims to make it possible for Indians to pool their investments across platforms and get a complete insight into the performance of their portfolios across all asset classes.

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Nithin Kamath, founder & CEO, Zerodha & Rainmatter said, “We are happy to partner with MProfit as they are solving the challenge of enabling investors and wealth professionals to track multi-asset investments in one place. Consolidating one’s investment data across platforms can be tedious, and MProfit is helping significantly automate this."

About MProfit

MProfit is India’s leading portfolio management & accounting solution catering to investors, financial advisors, wealth managers, brokers, family offices & chartered accountants.

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