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Embedded finance startup Fixerra raises Rs 14Cr led by angels, family offices

ISN Team
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Embedded finance startup Fixerra, previously known as Fixed Invest, has raised Rs 14 crore ($1.6 million) in a seed funding round led by a group of marquee angel investors and family offices.

Angel investors participation 

Angel investors such as Jaideep Hansraj, Managing Director of Kotak Securities; Shailesh Haribhakti, Chairman of Shailesh Haribhakti & Associates; and Oisharya Das, CEO of Kotak Private, participated.

Additionally, the family office of Harish Shah, Managing Director of Signet Excipients, and angel investor Shivang Desai also joined the round.


Fixerra's rebranding and expansion 

As part of the development, Fixerra also announced rebranding from its former identity, Fixed Invest, a marketplace for Fixed Deposits. 

The startup now sets its sights on becoming a comprehensive banking-as-a-service provider. The expansion aims to enable digital businesses to launch banking products efficiently and in compliance with regulations.

It aims to revolutionize the banking sector by bridging the gap between banks and fintechs, offering consumers a wider range of superior banking services.

What do investors say about Fixerra?

Shailesh Haribhakti, Chairman of Shailesh Haribhakti and Associates, said, "We are excited to back Fixerra's vision to bridge a gap between banks and fintechs that helps enable consumers to explore a broader range of superior banking services."

Founder and CEO of Fixerra, Akshar Shah, said, "We want to become a digital mall for banks. Over the next 3 years, we are going to focus on building infrastructure for marketplaces across multiple banking products."

What does Fixerra do?

Currently, Mumbai-based Fixerra is actively expanding its banking partnerships and enhancing its product offerings with additional features. It has built an easy-to-integrate fixed deposit gateway with partnerships across seven banks and NBFCs.

The platform leverages API-enabled banking infrastructure, addressing the entire fixed deposit lifecycle, from discovery to post-investment services.

Its innovative approach allows investment platforms, independent financial advisors, wealth houses, and even payment apps to customize fixed deposit offerings for their clients, going live within a week with a white-labelled solution.

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