Centricity, a startup in wealth technology, has raised $4 million

15 Sep 2022 , 09:51 AM

Centricity, a B2B wealth tech firm, has raised $4 million from investors including the Burman family office, Shantanu Agarwal of the LNJ Bhilwara group, and Arun Jain, founder of Polaris Software Labs.

Angel investors such as Devesh Sachdev of Fusion Microfinance, Devtron Labs’ Rajesh Razdan, TBO cofounder Ankush Nijhawan, Filatex Group’s Purrshottam Bhaggeria, Abhay Agarwal of the Burman family office as well as Pravin Jain and Navin Jain from the Supercircle family office also participated in this round of funding.

Centricity, which was founded last year by former senior private bankers, wants to create a technology solution for the most disorganized independent financial adviser (IFA) community and former private wealth professionals. The startup provides “employee to entrepreneur” (E2E) migrations with plug-and-play solutions.

To manage investment portfolios, the company seeks to create a full-stack open-source financial services platform for independent financial advisors (IFAs), external asset managers (EAMs), and single-family offices (SFOs).

The company offers a full-spectrum marketplace for investment products, digital transactional capabilities, and sophisticated portfolio reporting and monitoring capabilities for the initial phase.

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