MProfit Raises $2 Million in Funding  

by Kay Aloha Villamor January 23rd, 2023

MProfit, a Mumbai, India-based fintech platform that allows investors and wealth professionals to track their multi-asset investments, raised around $2 million in funding to fast-track the deployment of new initiatives.

The round saw participation from Zerodha’s Rainmatter, Enam Holdings, Gruhas Proptech, Auxano Capital, and Samarthya Investment Advisors.

“A key motivation for us to build MProfit is rooted in our belief that in India, the concept of tracking investments as a family is very important. Investors generally like to track not only individual portfolios but also their family’s overall returns in one place," said Kiran Shah, co-founder & CEO.

MProfit’s products enable users to seamlessly aggregate their investment portfolios across different asset classes and brokers.

With the ability to read trade files such as contract notes from 700+ stockbrokers and Mutual Fund CAS statements, MProfit’s proprietary tech significantly reduces manual effort in portfolio management for investors, family offices, financial advisors, and chartered accountants.

Company: MProfit Software Private Limited

Raised: $2.0M

Round: Unknown 

Funding Month: January 2023

Lead Investors: 

Additional Investors: Zerodha’s Rainmatter, Enam Holdings, Gruhas Proptech, Auxano Capital, and Samarthya Investment Advisors

Company Website: https://www.mprofit.in/

Software Category: Portfolio Management Software

About the Company: Founded with a mission to provide Indian investors with a unified solution to manage & track all investments in one place, MProfit provides portfolio management software that enables you to manage multi-asset portfolios across the entire family. Its customers in 300+ cities range from investors, HNIs, and family offices to IFAs, brokers, CAs, and more, MProfit uniquely provides SaaS offerings to both B2C and B2B segments. On the B2C side, MProfit helps investors, HNIs, and family offices track consolidated investments for the entire family. On the B2B front, MProfit helps IFAs, sub-brokers, wealth managers, and CAs manage diversified client portfolios and provide high-quality reporting to their end clients.

 

Source: https://www.livemint.com/companies/start-ups/mprofit-raises-2-mn-from-zerodha-s-rainmatter-enam-others-11674045972865.html




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