fintech / news / / NDTV Profit
Mumbai-based fintech firm Raise Financial Services, the parent company of trading platform Dhan, has officially entered the unicorn club following a successful Series B funding round of $120 million.
Raise Financial Services became a unicorn after a $120 million Series B round led by Hornbill Capital.
KEY POINTS
- Raise's flagship platform Dhan handles nearly one million active users, launched less than four years ago.
- DEXT, Dhan’s trading engine, processes 40% of orders in under 10 milliseconds, six times industry standards.
- Dhan's speed benchmarks have been recognized by Amazon AWS as significantly outperforming typical industry norms.
- Raise plans to introduce new products focused on investing, AI, and financial services distribution.
COMPANIES
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