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DSP Acquires Volt Money Amid Fintech Boom

  • DSP Asset Managers has acquired Bengaluru-based fintech startup Volt Money, which specializes in loans against mutual funds.
  • Founded in 2022, Volt Money looks at this acquisition as a growth catalyst, recognizing significant potential in the mutual fund space.
  • The demand for instant loans against mutual funds is growing, enabling people to fulfill both long-term financial goals and short-term liquidity needs.
  • Volt Money reported zero revenue in its first year of operations but secured a strategic partnership with PhonePe and raised $1.5 Mn in pre-seed funding.
  • India's fintech market is expanding rapidly, with more mergers and acquisitions expected in the coming years.

Source: Inc42

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