The deal comes amid continued investor interest in India’s wealthtech segment, which has been one of the more active fintech verticals since last year
Fintechs expect retail participation in the bond market to grow similar to the equity markets during the Covid lockdown as Sebi allows companies to issue bonds at a face value of Rs 10,000. Bonds could prove to be a competitor to FDs.
Wint Capital’s current loan book is close to Rs 50 crore and is expected to grow to Rs 500 crore by the end of 2024, release added
GoldenPi and Wint Wealth sell Bajaj Finance’s FD on their platforms, as per their websites.
The Online bond platform is well capitalised for the next 3-4 years, said Kulkarni, the Chief Executive Officer and Co-founder of Wint Wealth
Wint Basket will enable retail investors to diversify into multiple bonds with a single investment starting Rs 1 lakh.
Wint Wealth, according to its website, sells listed bonds such as NBFC bonds and sovereign gold bonds.
During the last three years, yields on corporate bonds climbed by over 100 bps across tenures, following the rate hike cycle by the RBI in May last year.
A third online bond platform, Yubi Invest, applied for licence on November 2, 2022