openPR Logo
Press release

Fabits & REDVision Forge Strategic Partnership, Brings Exclusive Broking and Extended Financial Planning Services to 6 Million + MFD Customers

02-27-2024 03:42 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: PRHUB

/ PR Agency: PRHUB
Deep tech-enabled investments startup, Fabits, and financial services stalwart, REDVision, have announced an exclusive partnership that is all set to elongate the spectrum of offerings that Mutual Fund Distributors (MFDs) can offer their clients. In a strategic move, REDVision has exclusively onboarded Fabits to enable diversification and help MFDs widen their offerings. This exclusive partnership will now allow over 4500 MFDs on the REDVision platform to offer securities and other broking services to their 6 million customers through Fabits.
"This partnership has the potential to revolutionize the penetration of financial awareness and investing even further", said Ajath Anjanappa, Founder & CEO, Fabits. "Almost 50% of MFDs have over 500 crores in AuM; this offering will ensure the MFD can introduce their clients to various other investments. Given our mission is to make financial planning and wealth management accessible to the retail investor, this partnership seemed productive", he further added.
REDVision, with industry presence close to 2 decades, has successfully aided over 4500 MFDs in automating and digitally transforming their businesses across 450+ cities in India. The company's widespread reach and impact in the market make them a force to reckon with in the financial services sector. Fabits, founded in 2022, is steadily emerging in the space as a leading financial planning fintech startup, specialising in goal-based offerings and recommendations. With a commitment to making wealth management accessible to the masses, Fabits focuses on B2B partnerships and strategic collaborations with key players in the financial services space.
"We at WMUIndia resonated a lot with Ajath and his team's vision of making wealth management accessible for all", said Jayaprakash Pai, Founder & CEO, Wealth Managers United (India) Pvt Ltd. "This partnership furthers that exact same vision, and I'm very excited to see how it goes", he added.
REDVision's MFD-centric approach, combined with Fabits' unique financial experience, will produce a seamless and innovative equity trading experience for the MFDs on REDVision platform and through them, their 6 million customers. This exclusive collaboration highlights REDVision's commitment to MFDs, and once again positions them as the go-to platform for equity trading. For Fabits, this collaboration is a momentous step towards realizing their core mission of democratizing wealth management for all.
Redvision is empowering more than 4500 Mutual Funds Distributors by facilitating their access to the lucrative multi-billion dollar IPO Market via our established platform", said Mr. Zahiruddin Babar, Co-Founder & CEO, REDVision Global.

/ About Fabits
Headquartered in Bengaluru, Fabits is a goal-based investment platform that enables users to begin their financial investment journey in an effortless manner. An amalgamation of the words "financial habits", Fabits is not only about getting started on the journey with small financial habits, but also seeing it through together with human investment experts and deep-tech algorithms. Fabits' investment strategies are tailor-made to make the path to financial freedom and wealth creation easy, effective and accessible.
To know more, visit: https://fabits.com/
/ About REDVision
REDVision Global is a B2B application services that was established in 2006 with a vision to bring technological revolution into the Mutual Fund Software Industry. With a core competency in developing and maintaining Enterprise Resource Planning (ERP) solutions, REDVision has supported tons of MFDs in institutionalising their businesses. In the past 15+ years, the company has helped over 4000 MFDs in automating and digitally transforming their businesses across 450+ cities in India. These professionals are now successfully providing financial and investment-related services to more than 55,00,000 online portfolio users across the globe.
To know more, visit: https://redvisiontechnologies.com/

No.22,Samson Arcade,Andree Road, Shanthinagar,Bangalore-560027

Headquartered in Bengaluru, Fabits is a goal-based investment platform that enables users to begin their financial investment journey in an effortless manner. An amalgamation of the words "financial habits", Fabits is not only about getting started on the journey with small financial habits, but also seeing it through together with human investment experts and deep-tech algorithms. Fabits' investment strategies are tailor-made to make the path to financial freedom and wealth creation easy, effective and accessible.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fabits & REDVision Forge Strategic Partnership, Brings Exclusive Broking and Extended Financial Planning Services to 6 Million + MFD Customers here

News-ID: 3401461 • Views:

More Releases from PRHUB

Klüber Lubrication announces investment of INR 142 Crores to expand its plant i …
Klüber Lubrication, a global expert in specialty lubricants, is proud to announce a significant expansion of its operations facility in Mysore, set to be fully operational at the latest by the beginning of 2027. Klüber India's manufacturing plant in Mysore is spread over 17000 sq. m at present and produces world-class specialty lubricants. The company recently announced an investment of INR 142 Crores that will further bolster its operations in
Freudenberg Group reports record sales globally & profits surpassing € 1 billi …
Freudenberg Group, a global technology conglomerate, which commemorates its 175th anniversary year in 2024, today reported record growth in revenues and operating profits for the financial year 2023. Freudenberg achieved sales of €11,902.8 million, 1.3 % higher than the previous year's figure of €11,753.1 million. The operating profit of €1,081.6 million showed a significant increase of about 15 percent, compared to the previous year's €941.8 million. The profit margin also
Continental Debuts World's First Automotive Display Embedded in Transparent Swar …
Technology company Continental is showcasing its Crystal Center Display for the first time at the Consumer Electronics Show 2024. In a world-first, the premium automotive display is fully embedded in a stylish crystal housing - opening up completely new possibilities to integrate minimalist luxury into car interiors with its frameless and semi-transparent look. The 10-inch display is based on the latest microLED technology that enables unprecedented levels of brightness and
Continental's Radar Vision Parking Named CES 2024 Innovation Award Honoree
Continental's Radar Vision Parking was named as a CES 2024 Innovation Award Honoree under the product category Vehicle Tech & Advanced Mobility. By combining high-resolution surround radars with high-resolution cameras, Continental enables parking use cases that require very precise and close-range measurement around the vehicle. Early parking slot detection, for example, lets users park in a single stroke without driving past the spot. As radars are very compact, they can

All 5 Releases