 "Deals, mergers,")
Fintso, the B2B2C wealthtech platform, has acquired WealthMagic – a SaaS provider in the wealth management space. The specific financials of the deal remain undisclosed. Fintso said that it is a part-equity and part-cash deal. The acquisition by Fintso is aimed at extending its platform to reach the next billion investors in India by equipping and providing multi-product solutions to the distributors who are key to this wave of financial inclusion.
The combined entity will now cater to over 1.5 million retail investors with investments to the tune of Rs 1.4 trillion ($20 billion) of assets, which is being managed
