Comprehensive Company Research Report: Fisdom

Company Overview

• Name: Fisdom

• Mission of the Company:

• "Our mission from day one has been to make investing and wealth management simple, accessible, and trustworthy."

• "Our goal is to empower more people to make smart financial decisions regardless of their net worth or level of financial knowledge."

• Founding:

• Founded in 2015.

• Founders: Subramanya S V and Anand Dalmia

• Key People in the Company:

• Subramanya S V (Subu), Co-founder & CEO

• Anand Dalmia, Co-founder & CBO

• Karan Batra, COO

• Nirav Karkera, Head - Research

• Sagar Parekh, Head - Operations

• Vishvender Singh, Head - Digital Marketing

• Mayank Tiwari, Head - Engineering

• Headquarters:

• Registered Office Address: 2nd Floor, IndiQube Sapphire, No. 73/1, St Mark’s Road, Bangalore, Karnataka- 560 001

• Correspondence/Communication Address: Office No.1002, A wing, 10th Floor, Kanakia Wall Street, Hanuman Nagar, Andheri Kurla Road, Chakala, Andheri (East), Mumbai - 400093

• Number of Employees: Approximately 500+ employees.

• Revenue: No information is available.

• What the Company is Known For:

• A fast-growing wealth tech platform providing investment, saving, and protection solutions.

• Noted for making account opening and KYC process fully digital, and pioneering an approach for mutual fund transactions on the BSE platform.

Products

• Stocks and F&O:

• Platform functionality for investing or trading in stocks with a user-friendly interface.

• Mutual Funds:

• Allows diversification of portfolio through lumpsum investment or starting a SIP.

• IPO:

• Investment opportunities in potential future industry leaders through Initial Public Offerings.

• ETFs (Exchange Traded Funds):

• Access to cost-efficient fund management and a range of ETFs.

• Fisdom App Features:

• All-in-one suite for investing, trading, retirement planning & tax filing.

• Dynamic features like Pause/Restart SIP, Smart withdraw, over 15 statical screeners, 3500+ expert-rated stocks, Equity SIP, and Margin trading facility.

• In-built intelligence for detailed portfolio analysis & insights.

Recent Developments

• New Products and Features:

• Introduced a goal-based investment solution.

• Added insurance, tax filing, and stock broking services over the last few development years.

• Expanded services to include HNI wealth management for affluent market segments.

• Recent Partnerships:

• Collaborative partnerships with 15 national and regional banks to integrate Fisdom’s wealth-tech services into banks’ mobile banking apps.

• Partnerships with banks and digital platforms like Karnataka Bank, Indian Bank, SBM Bank, Bajaj Finserv Markets, and TVS Saathi.

• Financial Developments:

• Raised $7 million led by PayU for product expansion and acquisitions.

Achievements and Awards

• Awards:

• Best Fintech Award for 2020 & 2021

• Best Fintech Company at STARTUP 2023 Awards by Entrepreneur India

• Best Wealthtech Award for 2022-23 at Bharat Fintech Awards

• Recognised as Top Fintech for 2021-22 by BSE

• FICCI Best Financial Services Partner Award in 2022 at PICUP Fintech

• Recognized in WealthTech 100 as Top Global WealthTech for 2020 & 2021

Investment and Financial Planning Education

• Fisdom Academy:

• Offers curated learning programs and courses to help individuals gain stock market insights.

• Online Presence:

• A strong focus on educating through blogs, YouTube videos, and research articles on personal finance and market insights.

Company Values

• Core Values:

• Integrity and Respect, Customer Centricity, Ownership and Accountability, Aim High, Fun at Work, Financial Sustainability.

Registered and Regulatory Information

• Registrations:

• SEBI Registered Investment Advisor INA200005323

• BSE Registered Mutual Fund Distributor Code No:10140

• IRDAI Corporate Agent Finwizard Technology Pvt Ltd CA License No: CA0505

In conclusion, Fisdom stands out in the wealth management landscape by offering innovative solutions and maintaining robust partnerships, leveraging technology to democratize investment access in India. The company continues to expand its product offerings while maintaining a strong focus on education and customer-centric service.