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Centricity Wealthtech, a B2B2C wealthtech platform for unbiased funding professionals, Single Household workplaces (SFO) and company treasuries, has raised $4 million in a pre-seed funding spherical led by Burman household workplace (Chowdry associates -Saket Burman, MB Finmart Pvt. Ltd -Mohit Burman and Pradip Burman) Shantanu Agarwal (LNJ Bhilwara group) and Arun Jain (Mind design area, founder, Polaris software program Labs). The corporate plans to make use of the funds to strengthen groups throughout know-how, funding product and gross sales capabilities in addition to rising model consciousness. It additionally plans to onboard 1000 to1500 IFAs within the subsequent 24 months with a mixed transaction worth of a minimum of $1 billion.
“Centricity endeavours to construct a full stack open-source monetary providers platform for unbiased monetary advisors (IFA’s), exterior asset managers (EAM’s) and Single-family workplaces (SFO’s) to handle funding portfolios effectively. Our long-term imaginative and prescient is to ascertain Centricity as India’s largest B2B2C monetary distribution model with know-how being on the core of a one cease monetary product store for wealth managers and finish buyers,” stated Manu Awasthy, founder, Centricity Wealthtech.
Based in early 2022 by former senior non-public bankers, Centricity goals to construct a complete tech answer for a largely unorganized IFA group and former non-public wealth professionals who want to be wealth administration solopreneurs. Centricity affords plug and play options for seamless employee-to-entrepreneur (E2E) transitions.
“Wealth administration is an thrilling and aggressive area globally and in India. It’s encouraging to see that skilled professionals from the non-public wealth administration ecosystem have recognized worth gaps on the know-how entrance and are constructing an answer round it. The Key right here is to know current propositions and ache factors for each relationship managers in addition to shoppers after which work with trade particular know-how groups to innovate”, stated Saket Burman.