The Noida-headquartered fintech startup runs a set revenue securities market connecting corporations and monetary establishments seeking to increase debt and traders.
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With the newest funding spherical, Dexif has raised just a little over $5 million, since inception. It had raised about $1 million from RTP International and angel traders up to now.
Dexif’s merchandise are unfold throughout a threat spectrum of fastened revenue securities, from BBB- and go as much as sovereign-rated securities, founder and CEO Deepank Bhandari stated.
“Primarily, we’re engaged on the monetary establishments’ facet, that are NBFCs which are within the enterprise of elevating capital,” he added.
With the funds raised, Dexif will scale up its know-how platform, entice prime expertise, and increase enterprise operations 4 to 5 instances. The agency needs to broaden the provision of fixed-income property to match the escalating calls for of a rising market.
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Bhandari based Dexif with Tushar Sharma in November 2022. Pallavi Bajaj, a chartered accountant, joined as cofounder in October 2023. Previous to this, Bhandari was vp of provide chain at Blinkit. Since inception, the corporate has made a number of senior hires from Northern Arc Capital, Credit score Saison, AK Capital and Sure Financial institution amongst different banks and hedge funds, and has grown to a crew of about 50.The startup, at the moment in stealth mode, facilitates investments totalling to about Rs 300 crore monthly. India’s bond market, value round $2.2 trillion, has important progress potential in comparison with different main economies, the corporate stated in a press release.
“The fastened revenue market, whereas actively traded, usually faces challenges associated to cost discovery, accessibility for all traders, and transparency. Know-how-driven ecosystems like Dexif can present essential options to those points,” Nishit Garg, companion on RTP International’s Asia funding crew, stated.
