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MobiKwik acquires Clearfunds for an undisclosed amount

Clearfunds uses data analytics and automated processes to provide investment advice. It claims to have $45 million worth of assets under advisory, 3,000 direct mutual fund schemes across 36 mutual fund companies and 4 registrar and transfer agents. MobiKwik’s customers can invest in mutual funds in-app, starting at Rs 100, Upasana Taku, MobiKwik co-founder and director said in a statement.