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Finvasia
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| Founded | 2009 |
|---|---|
| Founder(s) | Tajinder Pal Singh Sarvjeet Singh |
| Headquarters | , India |
| Website | www |
Finvasia is an Indian fintech company headquartered in Mohali, Punjab.
History[edit]
Ex Wall Street banker Tajinder Pal Singh and brother Sarvjeet Singh[1] started Finvasia in Canada in 2009 and ventured into India after registering with Securities and Exchange Board of India (SEBI) as Foreign Institutional Investor (FII, now FPI).[2]
In 2013, the company entered the retail brokerage market after receiving regulatory approvals from NSE and MCX.[3]
In 2015, Finvasia became trading Member of Bombay Stock Exchange Ltd (BSE) and The Association of Mutual Funds in India (AMFI).
In 2016, Finvasia received foreign direct investment (FDI) funding against a valuation of ₹150 crore from Mauritius based Intrinsic Investment Limited.[2][4] In the same year it was named among the 20 Most Promising Banking Solution Companies by Silicon India.[5]
In 2017, the company received the license to operate as a non-banking financial corporation (NBFC) from RBI.[6]
In 2018, the company became member of National Commodity & Derivatives Exchange Limited (NCDEX) & received SEBI registration to allow its clients to trade on NSE, BSE, MCX & NCDEX from a single trading account.
Awards[edit]
2017: Awarded Best Trading Execution or Brokerage Platform' at the 2017 Benzinga Global Fintech Awards in New York, USA.[7]
References[edit]
- ↑ "Finvasia expects to open 10 million accounts by 2020: MD and co-founder Sarvjeet Singh Virk". Free Press Journal.
- ↑ 2.0 2.1 D'souza, Vanita (2017-09-15). "These Brothers are using AI to Kill the Brokerage Model in Capital Market". Entrepreneur. Retrieved 2020-12-07.
- ↑ "Finvasia Approved to Transfer Commodity Membership in Capital Market". Punekar News. 2018-10-22. Retrieved 2020-12-07.
- ↑ "Finvasia gets FDI from Mauritius-based entity". The Tribune (Chandigarh). Retrieved 2020-12-07.
{{cite web}}: CS1 maint: url-status (link) - ↑ "20 Most Promising Banking Solution Companies in India - 2016". siliconindia. Retrieved 2020-12-07.
- ↑ "Finvasia gets licence to operate as NBFC". Tribuneindia News Service. Retrieved 2020-12-07.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Finvasia bags Benzinga Global Fintech Award". The Tribune. Retrieved 2020-12-07.
{{cite web}}: CS1 maint: url-status (link)
