Mobikwik enters wealth management space by acquiring Clearfunds
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After Paytm, digital financial app Mobikwik has entered the wealth management sector by 100% acquisition of direct mutual fund investment platform, Clearfunds. MobiKwik's director said that this acquisition will help them break into this space as Clearfunds has an edge over its competitors. Catering to investor's goals, Clearfunds builds mutual fund investment portfolios using sophisticated computer algorithms.