India-based FinTech company Koshex has reportedly raised $2.1m in its seed funding round, which was led by Y Combinator.
The funding round was supported by Rally Cap Ventures, Goodwater Capital, Beagle Partners and the Fintech Fund, according to a report from Tech in Asia. Its investors also included several unnamed angel investors from the US and India.
These funds will help develop Koshex to bolster its technology and its distribution channels.
Koshex was founded to enhance the lifestyle of young people by encouraging healthy financial habits.
Its platform enables users to build a portfolio comprised of a range of assets, including technology, clean energy, automobiles, US equity and more. The automated investing platform can also back mutual funds, smart deposits and digital gold.
Users can also split funds across multiple investment strategies, including emergency, long term and short term funds, as well as education plans, home savings and dreams.
Koshex also has a chatbot messenger that lets users easily see how their investments are doing and easily invest into opportunities.
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