Announced
Completed
Financials
Sources
Tags
Minority
India
Acquisition
Private Equity
Cross Border
Completed
fintech platform
Venture Capital
Private
asset and wealth management
FinTech
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Synopsis
Accel, an early and growth-stage venture capital firm, led a $21m Series A funding round in Dezerv, a wealth tech platform, with participation from Elevation Capital and Matrix Partners India. “The need for real expertise around how to manage your money is much more acute than ever. There's a BCG-Amfi study, which says that on average India has 230-240 advisors per million households. Relative to the US, it's 4k advisors per million households. So, there is a massive gap in terms of getting people to help with their money. And that's essentially what Dezerv is trying to solve through a technology-first approach," Sandeep Jethwani, Dezerv Co-Founder.
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