Deciml, an investing platform has raised $3 million in a seed funding round led by Jainam Broking.
The funds raised will be used to enhance its product offerings, expand its user base, and strengthen its team to deliver on its mission of making investing accessible to all.
Satyajeet Kunjeer, Founder of Deciml, said, “The Deciml journey is at a crucial crossroads right now. We took the time to adapt our product to user needs and now, we really want to focus all our efforts and energies on scaling rapidly. At such a juncture, we truly couldn’t have asked for a more wonderful investor and partner than Jainam. They have not only validated our vision but are also fuelling and shaping it.”
Dishant Milanbhai Parikh, CFO at Jainam Broking Limited, said, “With a legacy spanning over 20 years, Jainam Broking has always been driven by a commitment to innovation and financial empowerment. We believe in investing in technology that simplifies investing for the common man, making financial literacy more accessible and actionable. Our investment in Deciml aligns with our vision of leveraging technology to democratize access to capital markets.”
Parikh added, “At Jainam, we recognise the power of technology to create a meaningful impact at scale. Deciml’s unique approach to micro-investing resonates with our mission to help individuals take their first steps into the world of investing. By making investing effortless and accessible, Deciml has the potential to bring a new generation into the capital markets, and we are excited to be part of this journey.”
“Our investment in Deciml is more than just financial backing; it’s a strategic partnership. We aim to provide Deciml with industry expertise, mentorship, and the necessary support to scale its vision. Together, we look forward to fostering a new wave of investors and making wealth creation seamless for the next generation,” he added.
Founded in 2020 by Satyajeet Kunjeer, Deciml is an investment app that automatically rounds up your online transactions and instantly invests the spare change.
Deciml leverages its unique round-up feature to automatically invest spare change from users’ daily transactions into mutual funds, making investing effortless and accessible for everyone. Whenever users make an online transaction via card or UPI, the platform automatically rounds up the amount to the nearest 10 and invests the spare change in a mutual fund.
The platform aims to make investing less intimidating and more engaging for young Indians by integrating spare change investing into their lifestyle rather than requiring a behavioral shift that could make the financial ecosystem overwhelming.
