Cube Wealth raises ₹14.6 crores in series A from Beenext, others


office needs

13 Things Your Office Needs to Be Spectacular & Efficient

When trying to figure out how to design the ideal office for your company, it is really important for you to consider your industry and the size of the company you have. From there,...


8 Benefits of Laser Cutting Your Business Should Know

There are multiple types of cutting processes available, including several that use lasers. It can be quite difficult to choose the best process for a particular industry or application and to make things a...

Automated wealth management startup Cube Wealth has secured INR 14.6 crores in series A round of funding from Beenext, Asuka Holding and 500 Startups. Beenext is based in Singapore, Asuka Holding is based in Japan and 500 Startups is based in Silicon Valley.

The Mumbai-based fintech startup will utilize the fresh capital to expand its offerings to cities like Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune and Kolkata. The startup also plans to expand to Europe and Japan and target non-resident Indians un the upcoming years.

Founded by Satyen Kothari, the founder of Citrus Pay, Cube Wealth offers an intelligent wealth management platform allowing users to invest and manage portfolios under one roof. It also provides investment advice from registered financial advisors and helps users save more and create wealth.

Satyen Kothari, Founder and CEO, Cube Wealth, said, “We are targeting the upper-middle-class segment of users who have an income of ₹10 lakh per annum and above and want to make financial planning easy and jargon-free.”

Based on a subscription model, the startup earns its revenue when a user pays an investment advisor. The platform charges a commission on the transaction. The startup is recognized by SEBI (Securities and Exchange Board of India) and RBI (Reserve Bank of India).

Cube Wealth employees around 15 people comprising mostly engineers. However, the startup is looking forward to increasing its workforce but to keep the count below 50. Last year, the startup raised an undisclosed amount of funding from undisclosed investors.

The fintech industry in India is creating a lot of buzzes these days. Other wealth management startups competing with  Cube Wealth include ETMONEY, Paytm Money, Groww, Scripbox, Fisdom, Moneyfront, and WealthTrust, among many others.

Earlier this month, Mobikwik acquired Clearfunds, entering into the wealth management segment. Last month, Paytm Money was launched by Paytm, to expand into the mutual fund investment market in India.

So, what are your thoughts on this story?
Tell us in the comments.

Boost Your Knowledge. Subscribe & Learn Everything about the Indian Startup Ecosystem

Divya Baral
Divya is the correspondent for the category "Funding News", "Funding Roundups" and author of "Fundraising Essentials". She has been writing for 10 years.


Please enter your comment!
Please enter your name here

Download WordPress Themes Free
Download Best WordPress Themes Free Download
Download Best WordPress Themes Free Download
Download WordPress Themes Free
free online course
download intex firmware
Download WordPress Themes

Receive Daily Funding Updates



* Terms & Conditions Apply