MUFG Bank and MUFG Innovation Partners led a $120m Series B round in Raise Fintech Ventures.

Hornbill Capital, an investment advisory firm, led a $120m Series B round in Raise Fintech Ventures, a financial services platform, with participation from Mitsubishi UFJ Financial Group, MUFG Innovation Partners, BEENEXT, Ramesh Damani, DSP Family Office, JM Financial Family Office, and Aashish Somaiyaa. “We are humbled to have found early success and product-market fit for Dhan amongst the Indian retail trading community. With this investment we're excited to grow, innovate and double-down on our focus on Dhan, and at the same time introduce new products that are focused on Investing, AI and expand into distribution of Financial Services,” Pravin Jadhav, Raise Financial Services Founder and CEO.