Fintech

Validus Fintech Raises Seed Funding From AUM Ventures

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Fintech Services Validus Pvt Limited

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Hyderabad (Telangana) [India]July 17: Validus Fintech Services Pvt Ltd has successfully raised seed funding from AUM Ventures, an India-focused venture capital fund based at Abu Dhabi Global Market (ADGM), and other strategic investors.

Founded in 2022 by Ganesh Venkatachalam, Validus Fintech is building digital market infrastructures for the investment management industry spanning mutual funds, alternatives, PMS, pension solutions, corporate markets and more. It seeks to provide a range of fund administration solutions such as record keeping and transfer agency services, investor relations, distribution support, analytics, insights, among others. The aim is to create a completely new market infrastructure with a market approach to integrate a completely new set of stakeholders.

The new guaranteed funds will be used for product development, business and market expansion, enabling the company to establish a strong presence in a market traditionally dominated by incumbents.

Chetan Mehta, Founding Partner, AUM Ventures, commented on the investment, saying, “The AMC and AIF sectors in India have witnessed astonishing growth. Current solutions to serve these industry verticals are based on old legacy infrastructure and there is a strong need for a next-generation digital infrastructure to meet the demands, especially given the growing digital ecosystem. We are excited to partner with Validus Fintech and its experienced team to enable a transformative solution for the sector.”

“This funding is a significant validation of our mission to transform the way the wealth management industry is served and will help us establish a strong presence in the market,” said Ganesh Venkatachalam, Founder, Validus Fintech. Mr. Ganesh emphasized, “Our platform is built to disrupt the investment landscape by fostering a bank-like ecosystem within the mutual fund and investment management industry and enhancing the user experience through innovative technology.”

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