Mumbai (Maharashtra) [India], October 31: Vijya Fintech, the parent company offlagship platform MIDASX, has announced the successful closure of itsINR 12Cr Seed Round, marking a major milestone in its mission to buildIndia’s First Open Architecture, AI Driven B2B2C Multi-Asset Marketplace. The latest round brings the company’s total funding to₹27Crs, from Family Offices and UHNIs
Leadership and Vision:Speaking about this achievement,Mr. Aakash Bansal, Co-Founder & CEO of MIDASX, said:
“This milestone marks a defining chapter in our journey toreimagine India’s wealth-tech landscapethrough India’s first open architecture B2B2C marketplace. Our mission has always been toempower financial intermediaries with next-gen, AI-driven, open-architecture technology that allows them to remain independent, compete, and win in a digital-first world. With this funding we plan to enhance ourtech stack, boost our team, scale operations across Indiaand accelerate rollout of Marketplace — bringing togetherStock Baskets, Research Calls, Corporate FDs, LAMF and LAS, MF Model Portfolios, Bonds, MLDs, and Unlisted Equitiesunder one intelligent ecosystem. Thenext phasewill expand intoInsurance, PMS, AIF, International Equities, Estate & Tax Planning, Commodities, enabling distributors & advisors to deliver a truly holistic wealth experience.We have alsoacquired a cutting-edge AI startupto enhance the technology stack to embedadvanced AI tools, includingPortfolio Health Scoring, Predictive Analytics, Simulation Engines, and Walk-Forward Analysis. To further bolster its leadership and AI capabilities,Anil Gupta has joined as Co-Founder & Chief Investment Strategist (AI Lead).With over 18 years of experience in quantitative investment strategies and AI-driven analytics, Gupta will spearhead MIDASX’s AI innovation and investment strategy initiatives.
Sharing his enthusiasm,Mr. Anil Gupta, Co-Founder & Chief Investment Strategist (AI Lead), added:
“I’m thrilled to join MIDASX at this transformative stage. With theintegration of next-generation AI tools, we aim torevolutionize how product manufacturers, financial intermediaries, and investors connect and collaborate on a unified platform. MIDASX is poised to set a new benchmark in intelligent, inclusive, and scalable wealth management.”
About MIDASX
MIDASX is an open-architecture, multi-asset marketplaceempowering financial distributors and advisors — the real heroes of India’s wealth ecosystem— to deliver enhanced client experiences with ablend of “touch and tech”. Founded by Rajesh Soni, Aakash Bansal, and Paresh Paladiya, Vijya Fintech has grown rapidly to onboard over 1,500 distributors and serve more than 5 lakh investors across India, emerging as one of the country’s leading B2B2C fintech powerhouses.
Arete Securitiesacted as the exclusive financial advisor for this transaction, providing end-to-end strategic and fundraising advisory support.
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