Dhan parent Raise Financial Services to launch ‘Fuzz,’ an AI model for serious investors and finance professionals

The company’s AI systems currently power news article creation, curation, summarisation, and sentiment analysis for over 1,000 news items each day.

Raise Financial Services, the parent company of stockbroking platform Dhan, is set to unveil 'Fuzz', an agentic artificial intelligence (AI) model dedicated to finance and markets. The tool is engineered to synthesise deep research, regulatory filings and official financial data, helping investors with nuanced and timely decision making.

Moneycontrol has seen a deck of the new AI model Dhan presented to its investors this week. The service will offer a free tier with advanced features available under premium paid plans.

The AI model, trained on large-scale India-specific financial datasets, will deliver source-backed outputs with high domain expertise. Unlike generic AI tools, Fuzz is designed to ingest market, news, company, and sector data in real time, so that the model is always up to date.

"Just like Dhan, this is meant for the serious investors, analysts, finance professionals. This has been built by an internal team comprising over a dozen people and will be unveiled next month," Dhan founder Pravin Jadhav confirmed to Moneycontrol.

"It understands Indian markets, nuances and your data never leaves the country," he added.

In June, Moneycontrol reported that Raise has agreed to raise around $120-150 million (Rs 1,000-1,300 crore) from Hornbill Capital, an India-focused hedge fund, and Mitsubishi UFJ Financial Group (MUFG), a leading Japanese bank.

Just last year, Moneylicious Securities Private Limited, the firm that runs investment and trading app Dhan, reported a net profit of Rs 177 crore for FY24, recovering from a loss of Rs 26 crore in FY23, per the provisional figures filed with rating agency Care Ratings.

Meanwhile, Fuzz will also integrate financial data sources such as portfolios and income tax returns for personalised insights for users. A beta version of the platform will be available soon through its dedicated website, askfuzz.ai, with apps expected by late 2025.

This addition is on top of Raise’s growing AI ecosystem already deployed across its platforms.

The company’s AI systems currently power news article creation, curation, summarisation, and sentiment analysis for over 1,000 news items each day, covering 2,500 listed companies, a number it expects to expand to 7,500 by October 2025.

On the customer support side, Raise’s AI tools have handled more than 32.5 lakh interactions across Dhan and related apps, resolving 60 percent of queries with over 85 percent accuracy.

Led by former Paytm executive Pravin Jadhav, Dhan emerged as the tenth largest stock broking app in the country in August 2024, knocking Paytm Money out of the Top 10 list.

Come January 2025, Dhan saw one of the highest growth rates and expanded its user base by 3 percent to 960,668 active clients.