PayU invests in Wealth tech startup Fisdom; raises $11 million
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Digital payment firm PayU enters into the wealth management segment with an $11 million funding round in Fisdom. The 4-year-old Bengaluru based startup works with banking partners including Bank of Baroda, Allahabad Bank, Karnataka Bank & City Union to offer a wealth management platform with over 5000 mutual fund products. PayU will allow consumers to invest in mutual funds, pension funds, insurance funds, digital gold, etc.