Dexif, a fixed-income products platform, has successfully secured $4 million in its maiden institutional funding round from RTP Global. This marks a significant milestone for the Noida-based startup, which had previously garnered approximately $1 million from a blend of RTP Global and angel investors.
A significant investment aims to support Dexif’s strategic objectives. The funds will strengthen their technological capabilities, hire top talent, and substantially increase operations by four to five times their current size.
Founded by Deepank Bhandari and Tushar Sharma, Dexif operates as a marketplace for fixed-income securities. It facilitates connections between entities seeking debt financings, such as companies and financial institutions, and investors interested in fixed-income investment opportunities.
Dexif offers a diverse range of fixed-income securities with varying risk levels, including sovereign-rated options. Notably, the startup currently operates in a discreet manner, keeping its activities low-profile.
Despite maintaining a low profile, Dexif has managed to facilitate investments totaling approximately Rs 300 crore per month through its platform. This demonstrates a robust demand for its services within the fixed income market segment.
This funding round’s successful completion highlights investor trust in Dexif’s growth prospects and business model. RTP Global’s involvement validates the startup’s potential to innovate and disrupt the fixed income landscape through its cutting-edge platform.
Moving forward, Dexif plans to utilize the fresh capital to strengthen its market position and seize emerging fixed income opportunities. By advancing technology, acquiring talent, and pursuing expansion, Dexif aims to solidify its standing as a leader in fixed income products.
