Finvasia India
| Privately held company | |
| ISIN | 🆔 |
| Founded 📆 | 2009 |
| Founder 👔 | Tajinder Pal Singh Sarvjeet Singh |
| Headquarters 🏙️ | , , India |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Finvasia is an Indian fintech company headquartered in Mohali, Punjab. The organization has expanded its hands into healthcare services by acquiring Ginihealth[1] and into retail FX space by acquiring major investment platform Zulu Trade.[2]
History[edit]
Ex Wall Street banker Tajinder Pal Singh and brother Sarvjeet Singh[3] 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).[4]
In 2013, the company entered the retail brokerage market after receiving regulatory approvals from NSE and MCX.[5]
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.[4][6] In the same year it was named among the 20 Most Promising Banking Solution Companies by Silicon India.[7]
In 2017, the company received the license to operate as a non-banking financial corporation (NBFC) from RBI.[8]
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.
In June 2021, Finvasia group acquired a 100% stake in Fxview - a financial services company based in Cyprus. [9]
Finvasia acquired fintech company ActTrader Technologies in 2021. ActTrader was formerly known as Act Forex.[10]
Awards[edit]
2017: Awarded Best Trading Execution or Brokerage Platform' at the 2017 Benzinga Global Fintech Awards in New York, USA.[11]
References[edit]
- ↑ "FINVASIA Acquires Gini Health, Expands Into Healthcare Services". www.morningstar.com. 2021-10-28. Retrieved 2021-12-26.
- ↑ Steves, Rick. "FINVASIA ACQUIRES MAJOR SOCIAL TRADING PLATFORM, ZULUTRADE". Finance feeds.
- ↑ "Finvasia expects to open 10 million accounts by 2020: MD and co-founder Sarvjeet Singh Virk". Free Press Journal.
- ↑ 4.0 4.1 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. Unknown parameter
|url-status=ignored (help) - ↑ "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. Unknown parameter
|url-status=ignored (help) - ↑ "Finvasia Group Announces Acquisition of Fxview | Finance Magnates". Finance Magnates | Financial and business news. 2021-06-15. Retrieved 2021-07-14.
- ↑ "FINVASIA Acquires ActTrader Technologies | Finance Magnates". Finance Magnates | Financial and business news. 2021-07-20. Retrieved 2021-11-17.
- ↑ "Finvasia bags Benzinga Global Fintech Award". The Tribune. Retrieved 2020-12-07. Unknown parameter
|url-status=ignored (help)
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