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Paytm money launched investment advisory marketplace
September 13, 2021
Digital Payments firm Paytm announced that it’s completed owned subsidiary, Paytm Money, is launching a wealth and investment advisory marketplace on its platform to offer curated advisory services and products to retail investors.
Paytm Money has partnered with start-up WealthDesk to offer investment portfolios called Wealthbaskets as the first step to build up the advisory ecosystem.
A WealthBasket is a portfolio of stocks and exchange-traded funds created by SEBI registered investment professionals and users will be able to invest in multiple Wealthbaskets via the free starter pack or by subscribing to premium packs available.
Paytm Money CEO, Varun Sridhar said, “We have seen a surge in investment activity by Gen Z and young investors on our platform over the last few years. Paytm money is building an advisory marketplace that will be a one-stop shop for the audience. WealthDesk is the major partner in this journey”.
With the expansion of the advisory marketplace, investors will get everything they require to invest and grow their wealth in one application and will make Paytm Money a super application for wealth management in India.
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