California-headquartered online stock investment platform Vested Finance raised USD 12 million in Series A funding. The round took place on April 5, 2022. Ayon Capital led the round for Vested Finance.

Meanwhile, the company received investment from existing investors TenOneTen, Ovo Fund, Wedbush Ventures, IPV, and Upscale.

Besides, the new investors include 9Unicorns; Ankur Warikoo, ex-CEO of Groupon India;  Dhruvil Sanghvi, CEO at Loginext; and Saumil Parekh, VP of Marketing at PharmEasy.

Content creators such as Akshat Shrivastava, Mukul Malik of Asset Yogi, Sharan Hedge of Finance with Sharan, Dhruv Rathee, Shashank Udupa, and others also participated in the round.

Purpose of Funding for Vested Finance

With the latest capital, the California-headquartered company plans to expand the team across various operations. It will also launch new cross-border products to expand its product offerings.

What the founder has to say

“Today, the location where we are born determines the kind of wealth creation opportunities we get access to, which is unfair. Most of our portfolios lack global diversification. We want to enable investors across the globe to access global wealth creation opportunities in an easy and cost-effective manner. The growth that we have seen over the years is testimony to the interest of Indian investors in investing in the US markets. We want to use the funds to scale our team globally and expand our product suite to launch complementary products in the cross-border space while continuing to grow the core US investing user base,” said Viram Shah, co-founder and CEO of Vested Finance.

What the investor has to say

Rahul Pagidipati, the Managing Partner at Ayon Capital, said, “For Ayon, leading this new round was an easy decision. Viram and his team are committed to their mission of making diverse markets accessible to Indian investors. Moreover, they have a strong culture and have shown their ability to be creative on the strategy side and execute with discipline. Vested is an integral part of Ayon’s plan to provide a diversified suite of products for the large and growing Indian investor community to preserve and build their wealth.”

About Vested Finance

Vested Finance is a broking platform that enables Indian investors to invest in the US stock market.

Vested Finance claims to have processed more than USD 250 million in transactions last year and also tripled the deposits on the platform in 2021. 

The company’s global team is based across various geographies such as India, the USA, and Canada. It has more than 35 partners, including brokers, fintechs, and wealth management firms in India, including the likes of Axis Securities, Kuvera, Angel Broking, and 5Paisa.

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Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.


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