Vijya Fintech Private Limited (VFPL) has announced the successful closure of an angel funding round, securing a substantial Rs 7 crore. The infusion of capital, which brings VFPL’s total investment to an impressive Rs 15 crore, signals a pivotal moment in the company’s journey as it continues to disrupt and innovate in the fiercely competitive fintech landscape.
This latest funding milestone underscores the growing investor confidence in VFPL’s vision and capabilities, positioning the company for accelerated growth and expansion in the dynamic wealth tech sector.
Founded by industry veterans Aakash Bansal and Paresh Paladiya, VFPL has rapidly emerged as a leading player in the wealth management space, leveraging cutting-edge technology and a customer-centric approach to deliver tailored solutions to investors, distributors, advisors, and stockbrokers.
The angel funding round, which saw participation from prominent investors such as Lemon Tech, Lemon Emerging Ventures, Veloce Fintech, and distinguished tech experts, highlights the industry’s recognition of VFPL’s potential to drive innovation and redefine financial services delivery.
Commenting on the successful fundraising effort, Aakash Bansal, Co-founder of VFPL, expressed his gratitude to the investors for their unwavering support and confidence in the company’s vision.
“We are thrilled to announce the successful closure of our angel funding round, which represents a significant milestone in our journey. The support and trust of our investors further validate the strength of our business model and our commitment to driving innovation in the wealth management space,” said Bansal.
Paresh Paladiya, Co-founder of VFPL, echoed Bansal’s sentiments, emphasizing the company’s dedication to leveraging technology to create value for its stakeholders and enhance the overall user experience.
“As we embark on the next phase of our growth trajectory, we remain focused on delivering innovative solutions that empower financial intermediaries and drive positive outcomes for investors. With the continued support of our investors and partners, we are well-positioned to capitalize on emerging opportunities and solidify our position as a leader in the wealth tech sector,” said Paladiya.
The funds raised in the angel round will be strategically deployed to fuel VFPL’s expansion efforts, accelerate go-to-market strategies, and further enhance its suite of offerings. Additionally, VFPL plans to allocate resources towards research and development initiatives aimed at driving product innovation and enhancing platform capabilities.
One of the key areas of focus for VFPL is the launch of MIDASX, an innovative B2B2C marketplace designed to transform financial interactions and revolutionize the way wealth management services are accessed and delivered.
“MIDASX represents the culmination of our efforts to reimagine the wealth management experience and empower users with greater access to financial services. By leveraging advanced technology and industry expertise, we aim to create a seamless and efficient platform that addresses the evolving needs of investors and intermediaries,” explained Bansal.
The launch of MIDASX underscores VFPL’s commitment to driving meaningful change in the wealth management industry and its relentless pursuit of innovation and excellence.
The successful completion of the angel funding round comes at a time of unprecedented growth and opportunity in the fintech sector, with digital innovation reshaping the financial services landscape. VFPL’s ability to secure significant investment amidst this backdrop speaks volumes about its market potential and its ability to deliver value in an increasingly digital and interconnected world.
Looking ahead, VFPL remains focused on executing its growth strategy, expanding its market presence, and delivering best-in-class solutions that empower users and drive positive outcomes. With a strong foundation, a talented team, and a clear vision for the future, VFPL is poised to redefine the wealth management landscape and emerge as a dominant force in the industry.
