Fintech Startup RAISE FINANCIAL SERVICES Acquires Upskilling Platform Valuationary

Fintech Startup Raise Financial Services said that it has reached a formal agreement to buy Surat-based online learning startup Valuationary for cash and equity.

Valuationary is an online learning platform that enables young people in the financial sector to upskill. It was established in the year 2020 by Pratik Bajaj, Kunal Shah, and Mahip Gupta.

Raise hopes to expand its investment and wealth stack with this acquisition by allowing investors and traders to learn about markets through Valuationary classes.

Raise will also invest further in Valuationary as part of the acquisition to offer additional products in existing and new formats, such as short-form content and micro-courses on a variety of financial issues including stock markets, trading, insurance, overseas investment, and more.

Raise has already bought Mumbai-based stock broker Moneylicious Securities in August of last year. Through the Moneylicious purchase, the plan was to build a new investing app for daily stock traders and long-term investors.

This year, Raise unveiled DhanHQ, an application programming interface (API) platform to let active traders deploy their trading techniques and construct their own trading platform tailored to their needs.

Valuationary has been able to sustain a course completion rate of over 75% because of its gamified quizzes and bite-sized information segments.” We want to launch a number of products, and our relationship with Raise will help us achieve our goal of changing the face of financial literacy in terms of how financial material is given and consumed,” said Shah, Valuationary’s cofounder.

Raise Financial Services, which was founded in 2021, is a technology-driven investing platform aimed at long-term investors and super traders.

The business had previously secured $22 million in new capital from Mirae Asset Venture Investments, Beenext, 3one4 Capital, and Rocketship VC, among others, in January of this year.