Deciml Raises $3 Mn to Bolster Product Offerings
Micro-investing platform Deciml has secured $3 million (approximately INR 25 crore) in a seed funding round led by Jainam Broking Limited. The company plans to utilize the fresh capital to boost user acquisition, refine its product offerings, and grow its team.
Founded in 2020 by Satyajeet Kunjeer, Deciml offers a micro-investing solution. The platform allows users to automatically invest spare change from daily transactions into mutual funds. By rounding up transactions to the nearest 10, Deciml simplifies and automates micro-investing, making it accessible to a wider audience.
“The Deciml journey is at a crucial crossroads right now. We took the time to adapt our product to user needs and now, we really want to focus all our efforts and energies on scaling rapidly. At such a juncture, we truly couldn’t have asked for a more wonderful investor and partner than Jainam. They have not only validated our vision but are also fuelling and shaping it,” said Kunjeer.
Dishant Milanbhai Parikh, CFO of Jainam Broking, commented on the investment, stating, “We believe in investing in technology that simplifies investing for the common man, making financial literacy more accessible and actionable. Our investment in Deciml aligns with our vision of leveraging technology to democratise access to capital markets.”
The funding comes at a time of increased investor interest in India’s fintech sector, highlighting the potential for substantial growth and innovation. Despite the ongoing funding winter, homegrown fintech ventures raised over $2.5 billion across 162 deals in 2024, and this momentum appears to be continuing into 2025.
Last month, reports indicated that fintech SaaS startup Juspay was in talks to raise $150 million in a round led by Kedaara Capital. Additionally, Easebuzz is reportedly seeking to raise INR 200 crore in a new funding round.
According to an Inc42 report, India’s fintech sector is projected to reach a $2.1 trillion market opportunity by 2030.
