Stockify Wealth Management rebranded as Stockify Fintech; reiterates its promise to help HNIs diversify their equity portfolio

• Announces expansion of asset class services from pre-IPO or unlisted stocks only to five other products
• Stockify customers will be able to manage their entire portfolio online from anywhere in the world

DUBAIUAE and BENGALURU, India, 11 April 2023 /PRNewswire/ — Stockify Wealth Management, one of the world’s largest providers of pre-listed or unlisted stocks, has been rebranded as Stockify Fintech Pvt Ltd to reflect the diversity of its offerings as well as its ability to provide one-click financial products of a button.

In its new avatar, Stockify Fintech will offer its clientele not only the core product – Unlisted | Pre-IPO shares – but also start-up financing, mutual funds, fixed investment products such as bonds and non-convertible debentures (NCDs), Insurance-Linked Investments, and dematerialization of shares.

Stockify received its mutual fund license in the first quarter of the calendar year 2023, and together with mutual funds, will expand all other products to its customers in this financial year. “All our products and services will be 100 percent online,” said Piyush JhunjhunwalaFounder and CEO, Stockify Fintech Pvt Ltd.

Unlisted shares or Pre-IPO shares are offered by early stage investors, promoters and employees in the secondary market to raise funds in advance, to generate liquidity. Pre-IPO companies are the private firms that intend to list on the stock market leader board. Companies that have opened their doors to investors but are not yet listed and have not yet completed an IPO are said to have offered unlisted or pre-listed shares.

Over the past year, Stockify Fintech revenue has grown by over 500 percent, and is projected to grow at a similar rate this year as well.

“Our web-based interface will allow our entire customer database to get all the information related to our products in one place so that they can make informed decisions regarding their investment,” Jhunjhunwala said.

He added, “Our main focus is to help NRI investors based from the Gulf countries to invest in the Indian unlisted/startup ecosystem. We are also very active in the Elevate startup program led by the Indian Consulate in United Arab Emirates to promote start-up financing i India led by the national government under the able leadership of the prime minister Narendra Modi.”

In the last quarter of calendar year 2022, Stockify had launched an exclusive one-window buying portal for resident Indian and non-resident Indian high net worth individuals (HNIs). The portal helps private customers buy unlisted shares online without any human interface. Customers can create a login, update Know Your Customer (KYC) and Demat details, and select and buy their favorite Pre-IPO stocks. Stockify also facilitates a one-button online payment system using an easy-to-use payment gateway.

Investors can visit www.stockify.net.in to start their investment journey.

“Over the next eight to 10 months, Stockify will launch a series of investment options across various asset classes and we will replicate our success in the pre-IPO and private equity asset classes,” said Rahul Khatuwala, co-founder, Save Fintech.

Both Jhunjhunwala and Khatuwala are qualified Chartered Accountants with more than 20 years of relevant experience. Jhunjhunwala is also a chartered accountant from the United States.

ABOUT PIYUSH JHUNJHUNWALA

Stockify Fintech’s CEO Piyush Jhunjhunwala is a qualified accountant (CA) from India and a Certified Public Accountant (CPA) from the United States. He is a seasoned finance professional with over 20 years of experience in global conglomerates such as PepsiCo, Inc., Reckitt Benckiser PLC and Coty, Inc. He has rich experience in multiple geographies including MENA, Russia, Turkeyand India. He is based out of Dubai, United Arab Emirates.

ABOUT RAHUL KHATUWALA

Stockify co-founder Rahul Khatuwala is a qualified Chartered Accountant (CA) from ICAI, India. He is the founder of Finaco.in, a fintech company that provides services across various verticals through a network of 5000 plus CAs and finance professionals in India. Rahul is acting CFO of several companies operating in diversified verticals. He heads Stockify’s Indian operations and is based out of Bengaluru, India.

ABOUT STOCKIFY

Stockify is a customer-oriented platform for Unlisted or Pre-IPO shares in India. Its mission is to help HNIs and NRIs gain access to more unlisted stocks via the pre-IPO route and maximize investors’ wealth. Investors can visit to start their investment journey for Unlisted/Pre-IPO stocks.

For more information, call Rahul Khatuwala on +91-9591810391 (Bengaluru, India), E: [email protected] or Piyush Jhunjhunwala on +97-1502344662 (DubaiUAE).

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SOURCE Stockify