Subscribe to Updates

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

    What's Hot

    Satin Creditcare appoints Bhuvnesh Khanna as President of Satin Finserv Limited

    July 25, 2023

    Shriram Housing Finance Ties up with DocOnline to Offer Healthcare Benefits to Customers

    July 25, 2023

    Cashfree Payments launches ‘BNPL Plus’

    July 25, 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 » IIFL Fintech Fund leads $1.8 million Series A investment round in Trendlyne
    Fintech

    IIFL Fintech Fund leads $1.8 million Series A investment round in Trendlyne

    Amber Pabreja, CEO and co-founder of Trendlyne said: "We're already a profitable company. We are raising funds to build our vision of making investing easier and more accessible for people not just in India, but also across the world."
    October 11, 20223 Mins ReadBy Bfsinxt Desk
    Twitter LinkedIn WhatsApp

    Financial Services conglomerate IIFL Group on October 10 said that its early-stage investing vehicle IIFL Fintech Fund has led the $1.8 million Series A investment round in Trendlyne, one of India’s largest analytics platform for investors and traders. This is the second time IIFL Securities has invested in Trendlyne and now holds a significant stake in the company.

    Trendlyne has seen rapid growth in the past one year with over 350 million page/screen views over 12 months on its website and mobile app.

    Trendlyne’s B2B business has also grown rapidly and counts India’s major brokerages among its customers, including ICICI Securities, Kotak Securities, 5Paisa, Motilal Oswal, IIFL Securities, SBI Capital, Edelweiss, and several others. Trendlyne serves over 500 million APIs and page views every month to its B2B customers.

    Mehekka Oberoi, Fund Manager at the IIFL Fintech Fund said, “We are very excited by the progress that Trendlyne has made. Business has grown significantly over the last few years and it is now a profitable venture. Additional funds will help the company hire the right talent, and lead to faster scale-up.”

    Amber Pabreja, CEO and co-founder of Trendlyne said: “We’re already a profitable company. We are raising funds to build our vision of making investing easier and more accessible for people not just in India, but also across the world.”

    Trendlyne has built cutting edge products in the stock market and mutual funds space, encompassing stock scores, screeners, backtesting, Alpha Alerts (real time alerts across structured and unstructured data), stock insights, as well as forward-looking products in consensus estimates and analyst calls.

    “We launched Trendlyne with the idea of democratizing stock market data, and to help people get more control over their investments,” Amber Pabreja said, “We provide a platform that gives retail investors access to products and features – such as back-testing and real time alerts – that were once accessible only to professional investors and funds. This helps our users discover investing opportunities on their own, and avoid obvious money-losing mistakes.”

    The fresh investment follows strong growth for the company in both B2C and B2B. Trendlyne intends to utilize the funds for new product launches, team growth and geographical expansion.

    In August 2021, IIFL Fintech Fund was established with a dedicated Rs 140 crore sponsorship from two group companies – IIFL Finance and IIFL Securities. The financial services group with a large retail interface is aiming to offer last-mile credit with the help of cost-effective technologies. The fund’s investments include Leegality, FinBox, Trendlyne, DataSutram, Multipl, Finarkein, TrustCheckr, EasyRewardz and Open Financial Technologies.

    IIFL Trendlyne
    Previous ArticleNPCI Launches Partner Program to Accelerate Strategic Partnerships
    Next Article Worldline and NPCI International to empower mobile payments for Indian tourists in Europe
    Bfsinxt Desk

    Related Posts

    Cashfree Payments launches ‘BNPL Plus’

    July 25, 2023

    PhonePe launches one-stop POS solution for merchant partners

    July 9, 2023

    PhonePe Launches Platform for Merchant Lending

    June 27, 2023

    TransBnk Bags $1M Seed Funding from 8i Ventures to Disrupt India’s Transaction Banking

    June 25, 2023

    Leave A Reply Cancel Reply

    Recent Posts

    • Satin Creditcare appoints Bhuvnesh Khanna as President of Satin Finserv Limited
    • Shriram Housing Finance Ties up with DocOnline to Offer Healthcare Benefits to Customers
    • Cashfree Payments launches ‘BNPL Plus’
    • IDFC FIRST Bank, Club Vistara and Mastercard launch new credit card
    • PhonePe launches one-stop POS solution for merchant partners

    Recent Comments

    No comments to show.
    Demo
    NBFC's

    Satin Creditcare appoints Bhuvnesh Khanna as President of Satin Finserv Limited

    July 25, 2023

    Shriram Housing Finance Ties up with DocOnline to Offer Healthcare Benefits to Customers

    July 25, 2023

    Paytm partners with Shriram Finance Limited, strengthens its loan distribution biz

    July 9, 2023

    L&T Finance launches Warehouse Receipt Financing

    April 1, 2023
    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.