Ecommerce giant Amazon is set to offer wealth management services in India. The retail giant’s digital payment arm Amazon Pay has partnered with online mutual fund platform Kuvera.in to provide services, products and technology know-how to the latter’s users in India. The tie-up will facilitate investments in mutual funds, fixed deposits, and more over time.
Gaurav Rastogi, chief executive office, Kuvera, said, “We have built the most feature rich and transformative investing platform with a history of firsts for investors. Through this arrangement with Amazon Pay India, we seek to add value to the investors journey. Our goal is to accelerate the democratisation of investing and wealth management in India.”
Amazon’s collaboration with Kuvera comes days after Google Pay’s to offer fixed deposits to its customers in India. Trusted by more than 1 million+ Investors with over Rs. 26,000 Crores in assets; it enables investments, loans and remittances. Kuvera has maintained its pace of growth since start of 2017.
For our most engaged customers, growing their wealth aand investments is a large need, where we think Kuvera can help our customers with their unique offering,” Amazon Pay India director Vikas Bansal told Times of India.
Kuvera is an online personal financial services provider that pioneered goal based, direct plan mutual fund investing for Indians. It uses technology to help users make smart decisions and navigate the nuances of personal finance. Trusted by more than 1 million+ Investors with over Rs. 26,000 Crores in assets; it enables investments, loans and remittances.