Let us talk about funding and the fintech sector. We have been discussing lately a lot about the edtech sector and the funding related to it. If you remember, we also mentioned that two sectors had shown tremendous growth in the lockdown period, which has attracted a lot of potential investors. Those two sectors are- edtech and fintech.
Talking about the fintech industry, it is the highest growing technology segment in the country. This sector brings innovation and change in various streams and applications like loans, stock trading, payments, credit scoring, and many more. In 2020, India showed the highest fintech adoption rate of 67% and became the biggest destination for investment deals worldwide. The top fintech destinations in the country are- Delhi, Gurugram, Mumbai, Hyderabad, and Bengaluru. Mumbai and Bengaluru together are the 42% fintech hub of the country.
The fintech market was valued at INR 2.30 trillion and is expected to rise at the CAGR of 24.56% between 2021 and 2026. The fintech sector will be reaching USD 8.35 trillion by the year 2026. Currently, the fintech market has more than 2,000 startups operating. According to the Boston Consultancy Group, there will be a USD 100 billion value creation opportunity.
Funding of a fintech startup
The fintech startup TRDR, pronounced as a trader, has raised a funding of USD 150 K as announced on November 08, 2021. This round of funding was the pre-seed round of funding and was led by Kunal Shah, the founder of CRED, and Snehal Fulzele, the CEO and co-founder of Cloud Lending Solutions. The startup plans to use the funds raised in bringing in more employees. It also plans to use some of the funds raised in introducing new marketing initiatives to create an early buzz.
The startup is currently in talks for a new round of funding. The plans for this future funding will be to grow and expand quickly.
About the newly funded fintech startup
The startup, TRDR, was founded in April of the year 2021. It is a platform that helps users invest in the stock market by picking the research-driven TRDR Smart portfolio. Then, with the user’s approval, TRDR executes stock purchases automatically when the price is right and appropriate. The startup believes that the investment is simple if it is automated. It keeps the portfolio balanced and handles all the buying and selling for the customers.
It defines itself as the automated Robo-investing platform that builds the customer’s wealth without spending time in research, analysis, and active trading.
TRDR saves time, and Time is Money.
The following are the features that the platform of the startup provides-
1. Time tested strategies put together by experienced professionals
2. Executed 100% by software with speed and accuracy
3. No human emotions involved during execution
The following are the steps in which TRDR works-
The user sets up a TRDR account with a new Demat+Trading Account via a SEBI registered broker.
The user funds the account with INR 50,000 or more to invest and Set Robo Mode ON.
Robo TRDR automatically picks the right stocks, the quantity, and traded for the user.
The pricing offered for the services by the platform of the startup is explained below-
Free equity delivery- There is INR 0 brokerage for all equity delivery investments
Free Intraday: All intraday trades are free.
Robo Assistant Fees: It starts at INR 500 per month based on the investment amount and extends to INR 2 lakh. For even this, the first three months are free.
The startup platform ensures security at every step, with the customer’s data being safe, and there is no fear of being hacked. All personal data and transactions are encrypted and secured.
The trading strategies of TRDR are based on market research and analysis as well as backend testing. The platform only picks up from the top 100 BSE stocks across various sectors. The startup currently has almost 1,000 users on the platform and has around USD 500,000 in assets under management.
What has been said about the deal?
The co-founder of the startup, TRDR, Ricky Jacob, commented that people were flexible last year when they could spend time sitting in front of their screens to monitor their investments, but that market has gone away. College and work timings now overlap with the market’s timings, making it impractical for the customers to continue trading the way they have been doing. He said that this is where the startup, TRDR, comes in, providing its services and assistance.
The startup is doing great and has something different to offer. We wish the startup a bit of good luck and a bright future ahead.
Article Proofread and Edited by Shreedatri Banerjee