Fintech startups offering investment options such as fixed deposits and gold are attracting venture capital funding.
Gullak and Stable Money are among the startups catching the eye of venture capitalists in the wealth management space.
Gullak is in talks to secure a funding round of $5-6 million, while Stable Money is closing a $20-25 million round.
Regulatory clarity and economic models pose challenges for these startups, but Indian investors' affinity for gold and fixed deposits provides traction.