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MobiKwik forays into wealth management; acquires Clearfunds

The firm said it will invest $15 million over the next one year to scale up its wealth management business. This is the first acquisition by MobiKwik and will help the brand to further strengthen its foothold in the digital financial services industry, a release said. Post the acquisition, the founder and chief executive officer of Clearfunds, Kunal Bajaj, will lead MobiKwik's wealth management business, it added.