Finwizard nabs in $1.1m for Indian wealth management app

Indian fintech company FinWizard has raised $1.1m in a funding round from Saama Capital.

The Bengalruu-based company runs wealth management app Fisdom.

Fisdom offers goal-driven asset management with the company carrying out research to advise users how best to invest their money.

Founded by former Bessemer Venture Partners managing director Subramanya SV the company previously raised $500,000 in a seed funding round led by Silicon Valley VC Rob Chandra.

Finwizard says it will use the capital to invest in its technology and expand its team of 10 to 25.

Copyright ? 2016 FINTECH GLOBAL

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