Moneyfy, Raise Financial partners to provide trading facilities

CIOTechOutlook Team | Wednesday, 19 October 2022, 08:56 IST

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To give Moneyfy customers access to margin funding, trading, and stock investment, Raise Financial Services and Tata Capital have joined to create the Dhan stock investing and trading platform.

Through Dhan’s direct equity platform, they can open a Demat account, buy and sell equity shares, and trade in futures & options.

“This association is in line with our vision to offer a comprehensive product suite on Moneyfy to meet customers' financial requirements. With this extension in offerings, we aim to be the preferred one-stop shop for people’s personal finance needs. This alliance will help us strategically expand our horizon and achieve scale,” said Saurav Basu, head of wealth management at Tata Capital.

Moneyfy’s offerings include mutual funds, loans, credit cards, insurance, National Pension System, and corporate fixed deposit.

“Our partnership with Tata Capital is with the aim to develop superior products for customers which help them make better investment decisions. We aim to create offerings via this partnership that will drive deep value creation in digital wealth, financial planning and investment,” said Jay Prakash Gupta, cofounder & chief operating officer of Raise Financial Services.

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