MobiKwik Buys Mutual Funds Platform Clearfunds

Date posted: Friday 12 October 2018

MobiKwik bought Clearfunds to enter mutual fund distribution as its expands its financial services business. The company’s 107 million customers will also be able to start investing in mutual funds. The buyout comes a month after Paytm started selling mutual funds through a separate platform, Paytm Money Ltd.

(Bloomberg Quint)