Following the acquisition, Clearfunds founder and CEO Kunal Bajaj will lead MobiKwik’s wealth management business. Bajaj has about 18 years of experience in the financial services industry and has worked at the financial institutions such as Goldman Sachs, Credit Suisse and JP Morgan. In his last role prior to starting Clearfunds, he was managing director and head of equity sales at Jefferies India. Clearfunds, operated by Harvest Fintech Pvt. Ltd, was founded in 2016. It is a direct mutual fund investment platform that uses data analytics and automated processes to help users invest. It uses computer algorithms to build, monitor and rebalance diversified mutual fund investment portfolios suited to an investor’s stated goals, time horizon and risk tolerance.
