GoldenPi receives US$459000 fresh funding from Rainmatter

GoldenPi, an online aggregator of bonds and debentures has secured US$459000 fresh funding from Rainmatter which is a fintech fund and incubator set up by online stock trading startup Zerodha in 2017.8
It was set up by Abhijit Roy and Samir Pratihar to open up transactions in the bond and debentures market to retail investors and allows individuals to invest in the same at values as low as US$130.
The vision of the startup is to make available the most profitable debt investing in the bond market from investors point of view.
According to the statement made by the founder, the latest funding will be utilized by the startup to make its service available in other parts of the country as well.
The company claims that it prepares a list of ‘AAA’ to ‘A’ rated bonds available in real-time for investment in the secondary market. The startup has also won the trust of its clients in terms of providing relevant and reliable bond-related information to make effective decisions.
GoldenPi said it also handles end to end transaction processes on behalf of the investors till the monetary value of the bonds is credited to the customer’s account. The bond investment options claim to provide returns between 9 to 12 percent per annum.
“In India, the interest of people in the capital market is still at a nascent stage. Our vision is to bring more retail investors in the capital market by making them aware of how much-fixed income investment products can be generated,” said Nithin Kamath, founder, and CEO of Zerodha.
Bonds are fixed instruments products that are known for a better return on investment compared to fixed deposits, with transactions in the sector largely being limited to large corporations or high-net-worth individuals who can make large investments.

GoldenPi receives US$459000 fresh funding from Rainmatter

Leave a Reply

Your email address will not be published. Required fields are marked *