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MobiKwik acquires Clearfunds, announces its foray in wealth management

This is the first acquisition ever by MobiKwik and will help the brand to further strengthen its foothold in the digital financial services industry, said a statement. MobiKwik will be investing $15 million over the next one year to scale up its wealth management business. MobiKwik’s 107 million plus customers will soon be able to start saving in mutual funds seamlessly from their MobiKwik app in just a few clicks.