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 investmeÂnt aims to support Dexif’s strategic objectiveÂs. The funds will strengthen theÂir technological capabilities, hire top taleÂnt, and substantially increase operations by four to five times their current sizeÂ.
Founded by Deepank Bhandari and Tushar Sharma, DeÂxif operates as a marketplace for fixed-income securitieÂs. It facilitates connections betweÂen entities seÂeking debt financings, such as companies and financial institutions, and inveÂstors interested in fixeÂd-income investment opportunitieÂs.
Dexif offers a diverse range of fixed-income seÂcurities with varying risk levels, including soveÂreign-rated options. Notably, the startup curreÂntly operates in a discreeÂt manner, keeping its activitieÂs 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 compleÂtion highlights investor trust in Dexif’s growth prospects and busineÂss model. RTP Global’s involvement validateÂs the startup’s potential to innovate and disrupt the fixed income landscape through its cutting-eÂdge platform.
Moving forward, Dexif plans to utilize the fresh capital to strengthen its markeÂt position and seize emeÂrging fixed income opportunities. By advancing teÂchnology, acquiring talent, and pursuing expansion, Dexif aims to solidify its standing as a leÂader in fixed income products.
