Deciml, a pioneering micro-investing platform, has successfully raised $3 million in a seed funding round led by Jainam Broking Limited. The investment marks Jainam Broking’s first venture into the startup ecosystem, highlighting its interest in the growing fintech space. Deciml’s unique platform rounds up users’ daily transactions to the nearest 10 and automatically invests the spare change in mutual funds, making investing seamless and accessible. With this fresh infusion of funds, the company plans to scale its user base, enhance its product offerings, and expand its team.
Key Details:
- Funding Amount: $3 million
- Lead Investor: Jainam Broking Limited
- Purpose of Funding:
- User acquisition
- Product enhancement
- Team expansion
- Platform Functionality: Deciml’s round-up feature enables effortless micro-investing by automatically directing users' spare change into mutual funds.
Founder's Background:
Founded in 2020 by Satyajeet Kunjeer, Deciml aims to make investing accessible to young and first-time investors. Kunjeer, who also serves as the company’s CEO, has been a strong advocate for simplifying financial investments. His vision for Deciml revolves around eliminating the barriers to entry in the investment space by offering an easy-to-use platform that requires no active decision-making from users.
Funding Details:
This $3 million seed round is a significant milestone for Deciml, following a previous pre-seed round where the company raised $1 million from various investors, including MyAsiaVC and other notable entrepreneurs. The fresh capital will be used to drive user growth, enhance technological capabilities, and strengthen the company’s workforce, reinforcing Deciml’s mission of making investing effortless and accessible to all.