With increasing digital use and investment interest, India’s wealth tech industry has witnessed rapid expansion. Find out the top 7 wealthtech companies in India in 2022.
More than 300 firms in the health tech industry have arisen in India, including robo-advisories, online brokerages, personal finance management, and investment platforms. It is the world’s fastest-growing fintech market, ahead of the United States. Wealthtech firms in India’s Tier II cities are profiting from these dynamics, as well as growing investor interest in the industry. The Indian wealth tech industry is expected to quadruple from $20 billion in 2020 to $63 billion by 2025.
Here are the top 7 wealthtech companies in India in 2022.
1. INDWEST
Consumers may track, save, and develop their money using INDWealth. SuperMoneyApp automates the process of organizing clients’ money and gives advice on how to save money and make more on investments, loans, and costs.
Meanwhile, INDWealth is a privately held wealth management platform that provides tax preparation, trust administration, private family offices, and succession planning. INDWealth allows users to keep track of their money by tracking loan payments, taxes, and investments.
Finzoom Investment Advisors, the firm’s parent company, is a SEBI-licensed investment adviser.
2. Zerodha
Zerodha is one of India’s first low-cost brokers and aspires to be one of the country’s major stock brokers. The firm has over 5 million clients who trade and invest in a wide variety of items, accounting for more than 15% of total wholesale volume of orders in India on a daily basis.
It’s worth mentioning that the company, which is now successful, has been bootstrapped from the start.
3. Upstox
Upstox is an Indian stockbroking firm that has a global reach and is headquartered in New Delhi, India. Stocks, mutual funds, commodities, derivatives, currencies, and ETFs are among the investments available to investors and professionals on the company’s website. In 2012, the company was the first in the industry to provide fixed-price unlimited trading plans.
The basic concept of the firm, which is to make stock market trading simple and accessible to everyone, remains unaltered. Stocks, mutual funds, commodities, derivatives, currencies, and ETFs are among the investments available to investors and professionals on the company’s website.
4. Groww
Groww is a well-known online investing platform. Groww App, which can be downloaded for free, allows users to trade stocks, mutual funds, US stocks, and even digital gold in a secure environment.
Groww, a mobile app firm located in Bengaluru, was started in 2016 by Neeraj Singh, Harsh Jain, Lalit Keshre, and Ishan Bhansal. Groww is extending its stock market services now that its parent firm, Next Billion Technologies, is an accredited broker with the BSE. Groww users can utilize the app and Groww services for free. Groww is an excellent option whether you’re ready to invest or not. It offers a safe and easy platform.
5. Kuvera
Kuvera Global, a rebranded version of Wealth Generators, was launched on March 1, 2018, as a rebranding of Wealth Generators. Wealth Generators was bought by Investview in 2017, and the firm now concentrates on cryptocurrency mining contracts.
We discovered that Wealth Generators (Kuvera Global) did not register with the SEC for its mining contracts. Kuvera Global has kept bitcoin mining contracts available through Kuvera Wealth.
6. Sqrrl
As a pioneer in corporate threat hunting, Sqrrl was one of the first purpose-built systems for this crucial Security Operations Center (SOC) role. Sqrrl’s threat hunting platform, which includes a plethora of hunting concepts leadership, such as the tracking loop and tracking maturity model, making it easier than ever for organizations to launch a hunting program, even if they have never done so before.
The Sqrrl platform integrates components of numerous independent hunting technologies into one, including investigative recording, a linked data model, asset tagging, a search language, and domain fusion. Sqrrl has built a platform that integrates three critical components of SOC activity: proactive threat hunting, incident investigations, and automated analytics to make hunts repeatable and machine-powered.
7. Scripbox
Askoh Kumar E R, Atul Shingal, and Sanjiv Singhal founded Scripbox, an online investing platform, in Bengaluru, Karnataka, in 2012. With an AUM of 1500 crores and over 1 million customers helping them accomplish their financial objectives, Scripbox is currently one of the fastest-growing asset management organizations! Omidyar Network, Accel Partners, and many angel investors have all helped the firm develop.
It chooses the best 10 performing mutual funds from over 8000 available and categorizes them into four categories: long-term, short-term, tax-saving, and emergency fund.
