Rainmatter, the Indian fintech fund, and incubator have invested Rs 3.5 crores in GoldenPi, an online marketplace for fixed-income investment options such as Bonds and Debentures exclusively.
The Bond Market is difficult to access for the average Indian household. However, Bonds and Debentures as investment options have immense potential to solve the fixed income needs of individuals.
GoldenPi is an online marketplace for fixed-income investment options that acts as an aggregator for Bonds and Debentures across Bond institutions, Capital Market Divisions of Banks, and other players in the capital markets.
Until now, transactions in bonds and debentures occurred between a close-knit circle of large corporations and highly privileged individuals who had the ability to make large investments. GoldenPi is now opening up this segment to retail players with investment values as low as Rs 10,000. Retail investors now can invest in this investment category that generates higher returns than fixed deposits.
The company claims to have solved three fundamental problems to make this happen:
I. Curate and list out the” AAA” to “A “rated Bonds available real-time for investment in the secondary market.
ii. Provide actionable information on all available bonds in the market to enable investors to make informed decisions.
iii. Enable seamless online investments in bonds in a safe and secure way.
Abhijit Roy, Co-Founder & CEO, GoldenPi, added, “Investor returns have been vastly limited by minimal interest rates of fixed deposits and volatility of the stock market. Through our platform, we’re opening up new investment options to the 70 MN retail investor segment across the country. Our vision is to make quality debt investing in this Bond market an easy, affordable, and staple household opportunity for all.”
Nithin Kamath, Founder & CEO, Zerodha, added, “In India, the retail participation in the capital markets is at a nascent stage. We feel such fixed-income investment products can help in a big way to push more retail investors in the capital markets. The lucrative returns coupled with secured investment options can open avenues for more investors looking at the markets for their investments.”
Investors can access GoldenPi’s online marketplace to invest in Bonds either via Financial Institutions with whom they have partnered (such as Zerodha) or visit their website directly.
The platform takes care of the end-to-end transaction process until the bonds are credited to the customer’s account to ensure a hassle-free experience. An investor also gets to check out an extensive list of Bonds and Debentures that are available in the secondary market for that given day. The list is dynamic as it varies depending on the availability and price of a specific instrument.
GoldenPi was founded in 2017 by Abhijit Roy and Samir Pratihar.
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