MobiKwik acquires wealth management start-up Clearfunds

"MobiKwik users will now be able to start their investing journey with as little as Rs 100," says Upasana Taku, Co-Founder and Director, MobiKwik. Following the acquisition, Clearfunds Founder and CEO Kunal Bajaj will lead MobiKwik's wealth management business. Founded in 2016, Clearfunds is a direct mutual fund investment platform that uses powerful data analytics and automated processes to deliver the best possible investment experience at the lowest possible cost. The platform allows clients access to over 3,000 direct mutual fund schemes from 36 mutual fund companies