About WealthMagic
WealthMagic is a company based in Mumbai (India) founded in 2015 was acquired by Fintso in November 2021.. WealthMagic operates in a competitive market with competitors including KFin Technologies, Optimum Financial Solutions, Wealth Elite, VelocityShares and Fin-Soft Solutions, among others.
- Headquarter Mumbai, India
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Datacomp Web Technologies (India) Pvt. Ltd.
- Date of Incorporation 14 Feb, 2000
- Jurisdiction Goregaon West, Maharashtra, India
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Funding Insights of WealthMagic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in WealthMagic
WealthMagic has secured backing from 1 investor. Prominent investors backing the company include Fintso. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Digital wealth tools are provided to empower financial advisors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WealthMagic
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - WealthMagic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wealthmagic Comparisons
Competitors of WealthMagic
WealthMagic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as KFin Technologies, Optimum Financial Solutions, Wealth Elite, VelocityShares and Fin-Soft Solutions, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Mutual fund investments are enabled via an app-based platform.
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| domain | founded_year | HQ Location |
Innovative digital solutions are delivered to the finance sector.
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| domain | founded_year | HQ Location |
Provides AI-driven SaaS for mutual fund software, portfolio reporting, and online transactions services.
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| domain | founded_year | HQ Location |
Funds-based investment management is provided in the United States.
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| domain | founded_year | HQ Location |
Provides software solutions for the mutual fund industry.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about WealthMagic
When was WealthMagic founded?
WealthMagic was founded in 2015.
Where is WealthMagic located?
WealthMagic is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of WealthMagic?
George Mitra is the current CEO of WealthMagic.
What is the annual revenue of WealthMagic?
Annual revenue of WealthMagic is $2.87M as on Mar 31, 2023.
What does WealthMagic do?
WealthMagic was established in 2015 in Mumbai, India, as a platform within the fintech sector for financial advisors. Operations focus on enabling the creation of sales presentations and goal-based financial plans. Asset performance is tracked, advice is provided to clients, and portfolios are monitored through integrated tools. A CRM module supports portfolio tracking for customers and correspondence management. The company functions as part of Datacomp.
Who are the top competitors of WealthMagic?
WealthMagic's top competitors include KFin Technologies, Optimum Financial Solutions and VelocityShares.
Who are WealthMagic's investors?
WealthMagic has 1 investor. Key investors include Fintso.
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