Orowealth, one of India’s leading Direct Mutual Fund platforms has acquired the wealth management app WealthTrust, including the product and all its users.
Bengaluru, 10 Jan, 2019. RedNewswire/-
Orowealth, run by OroWealth Alpha Fintech Pvt. Ltd was founded by Indian Institute of Management and IIT alumni Kuppa, Yogesh Powar, Swati Aggarwal and Nitin Agrawal in 2016.
The two companies now have combined registered user base of 3 lakh and assets under advisory of over ₹2,000 crore.
WealthTrust assured its customers that their investments are fully secure and that this merger will in no way hinder their investment journey.
“As a direct mutual fund investment platform, we are always seeking opportunities to strategically grow our business,” said Orowealth co-founder Vijay Kuppa.
Orowealth is a cutting edge investment platform with award winning advisory services. It seeks to be a one-stop solution for all your investment needs — from investing in stocks and direct mutual funds, to financial planning, goal advisory and more.
Mr. Nisarg Gandhi, Co-founder and CEO of WealthTrust, stated that the WealthTrust team evaluated several partners before partnering with Orowealth, which stood out as the best option for their users. “We are confident that our clients will be in good hands as Orowealth has a proven track record of rewarding investors through a diverse line-up of award winning products,” he further added.
Mr. Jasmin Gohil – Co-founder and CTO at WealthTrust commented that the WealthTrust technology stack will complement Orowealth’s Advisory prowess, creating an industry-leading solution for wealth management.
In January last year, WealthTrust had raised $500K from venture capital firm India Quotient in a pre-Series A funding round. Also raised undisclosed amount from the same investor in July 2016.