Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    PhonePe raises growth funds at a $12 billion valuation, led by General Atlantic

    January 23, 2023

    360 ONE acquires Mumbai Angels; announces two new funds with them

    January 23, 2023

    Kotak General Insurance partners with Clootrack to enhance customer centricity

    January 23, 2023
    Facebook Twitter Instagram
    BFSINXT
    Twitter YouTube LinkedIn
    • Banking
      • SME /Wholesale Banking
      • Retail
      • HR
        • Wholesale
      • Rural & Agri
    • NBFC
      • Customer Experience
      • Retail
      • Digital
    • Insurance
      • Life
      • General
      • InsurTech
    • Fintech
      • Payments
      • Lending
      • Wealth/PF
      • Neo-Banking
    • Policy
      • RBI
      • IRDAI
      • SEBI
      • Government
    • Financial Services
      • Securities
      • AMC
    • About us
      • Editorial Team
      • Our Advisory Panel
      • Get In Touch
    BFSINXT
    Home » Fintech Startup, iTribe, raises $1 million in pre-seed funding from Eximius Ventures, Kunal Shah, others
    Fintech

    Fintech Startup, iTribe, raises $1 million in pre-seed funding from Eximius Ventures, Kunal Shah, others

    iTribe said it plans to deploy the funds to build new technology tools that make adoption by the front line much more accessible, accelerating the organizational adaptation needed to produce results. 
    April 12, 20222 Mins ReadBy editor
    Twitter LinkedIn WhatsApp

    Bengaluru-based fintech startup, iTribe, has raised $1 million in pre-seed funding from investors such as Eximius Ventures, Kunal Shah (Cred), Incisive Ventures, and several angel investors.

    iTribe helps users learn, invest and grow in the stock market despite their busy schedules.

    The pre-seed funding round saw participation from the leadership team of Cred (Harish, Swami, Sreeni, Ketan), Pearl Agarwal (Eximius Ventures) and angel investors such as Aravind Sanka, Pavan Guntupalli and Rishikesh SR (founders of Rapido), Reeju Datta (founder of Cashfree), Gaurav Dahake (founder of BitBns).

    Founded by second-time entrepreneurs Nikhil M. and Pruthvi Raj E, iTribe said in a statement that it works to empower Millennial and Gen-Z on their journey to financial independence by creating a trusted social network for investor experts, teachers, and peers.

    Nikhil M, Co-founder, iTribe said, “As users seek more customized financial services and make a collective move to digitization, the fintech industry is also rising to the occasion. Since the pandemic, retail trading has boomed, with broking accounts growing by ~50% within nine months. However, penetration has been low among millennials. Moreover, in March 2020, out of the then 4 crore Demat accounts, 75% were inactive.”

    “This tendency can be attributed to the lack of knowledge, which can be solved by access to the right resources and guidance. We aim to make iTribe a place for anyone to learn and become informed investors and traders, Nikhil added.

    iTribe said it plans to deploy the funds to build new technology tools that make adoption by the front line much more accessible, accelerating the organizational adaptation needed to produce results.

    Pearl Agarwal, Founder & Managing Director, Eximius Ventures said, “In the last couple of years, with an increasing number of millennials and Gen-Z entering the investment landscape, we have seen a change in investors’ decision-making approach. The new set of investors are more active with investment decisions – they want access to a diversified set of asset classes and learn to do it independently from experts.”

    “iTribe is well-positioned to capitalize on this trend by helping clients make informed investment decisions by building their knowledge on different investment opportunities, helping them discover news and tools, seeking second opinions from investment professionals and enabling businesses to focus on building better.” Pearl added.

    Eximus Ventures iTribe Kunal Shah
    Previous ArticleDrip Capital Records $150M Origination in March
    Next Article ICICI Bank signs MoU with GIFT SEZ
    editor

    Related Posts

    PhonePe raises growth funds at a $12 billion valuation, led by General Atlantic

    January 23, 2023

    Jupiter raises Rs 100 crore in venture debt financing from Alteria Capital

    January 7, 2023

    Drivio raises $1 million in seed funding

    December 25, 2022

    PayMate Receives In-Principle Authorization To Operate As A Payment Aggregator From RBI

    December 10, 2022

    Leave A Reply Cancel Reply

    Recent Posts

    • PhonePe raises growth funds at a $12 billion valuation, led by General Atlantic
    • 360 ONE acquires Mumbai Angels; announces two new funds with them
    • Kotak General Insurance partners with Clootrack to enhance customer centricity
    • Upstox partners with ‘Trading View’ to empower traders with simplicity
    • AU Small Finance Bank introduces menstrual leaves for women employees

    Recent Comments

    No comments to show.
    Demo
    NBFC's

    PLANET App by L&T Financial Services Crosses 1.5 Million Downloads

    January 7, 2023

    SIDBI enters Co-lending Space for Unsecured Loans to MSMEs, partners with Ambit Finvest

    December 31, 2022

    Piramal Finance launches ‘Innovation Lab’ in Bengaluru

    December 19, 2022

    Shriram Transport Finance and Shriram City Union Finance are now Shriram Finance, India’s largest retail finance NBFC

    December 5, 2022
    New Policy
    Policy

    GSTN gets included as a Financial Information Provider under Account Aggregator Framework

    November 23, 20220By Bfsinxt Desk

    The RBI said, with a view to facilitate cash flow-based lending to MSMEs, it has been decided to include Goods and Services Tax Network (GSTN) as a Financial Information Provider (FIP) under the Account Aggregator (AA) framework.

    RBI to run Nation-wide Finanical Services Awareness Programme in November 2022

    November 3, 2022

    RBI to soon operationalise CBDC Wholesale (e₹-W) Pilot

    November 1, 2022

    RBI launches दक्ष (DAKSH) – Reserve Bank’s Advanced Supervisory Monitoring System

    October 8, 2022
    • Twitter
    • YouTube

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    BFSINXT
    Twitter YouTube LinkedIn
    © 2023 bfsinxt.com.

    Type above and press Enter to search. Press Esc to cancel.