Unizon Fintech launches new digital platform for trading unlisted shares
Unizon Fintech today announced the launch of a new platform to trade unlisted shares in an efficient and effective manner. The platform has digitized many manual processes that were done in a traditional way while trading unlisted shares. Since in an unlisted market there is no proper price mechanism and the shares are sold at different prices from different shareholders, Unizon’s platform must transparently show the prices at which the shares are traded in the market. This should give a fair picture of the prices of unlisted shares at which they are traded.
Another key feature of the platform is the presence of a trust verification for every transaction made on the platform. Unizon has appointed a trustee to verify each transaction entered on the platform. The trustee must ensure that each user who buys shares from Unizon receives the shares. The administrator must also ensure that if any shareholders sell their shares to Unizon, they receive the appropriate remuneration.
Other features, the platform also digitized the User KYC process, payment process, E-mandate functionality etc. The platform has also promised a mobile app for both Android and iOS users in the near future which will further enhance the accessibility of the platform.
The private equity market in India is at an all-time high as the number of startups continues to grow and expand. Government initiatives like Startup India & Make In India have given a boost to the economy. Unizon is an initiative to act as a catalyst in this process. The platform seeks to reduce price inconsistencies and increase trust and security in today’s trading systems.
The platform will also have a modern and simple user interface that is expected to make it easier for users and make the unlisted share trading process seamless. Unizon shall also have financial insight, ratio analysis, news and other information from companies available on the platform. This will help users make informed decisions before trading on the platform.
Currently only available in the web version, but is accessible from all devices. The company has five co-founders who are experts in their respective fields. Mr. Kulbhushan Parashar- with more than ten years of experience in capital market and financial services, Mr. Harshit Agarwal- A Chartered Account by profession, Harshit Agarwal has been a key driver in several businesses, Mr. Vipin Vindal – An IIT Delhi alumnus, who have played pivotal roles in setting up technology arms including product vision and roadmap for new ventures, Mr. Naveen Parashar – Leader in Indian Financial Markets and a successful entrepreneur & Mr. Manjit Singh – he is known for driving campaigns from the nascent stage. to acme.
To learn more about the company, visit www.unizon.in
