Mumbai-based fintech startup Raise Financial Services, led by Pravin Jadhav, has announced the acquisition of Filter Coffee, a financial media startup known for delivering business insights. This move strengthens Raise Financial’s growing ecosystem, which already includes platforms like Valuationary for upskilling and Moneylicious for stockbroking. The financial details of the deal have not been disclosed.
Filter Coffee: Focus on Financial Content
Filter Coffee, founded by Tanvi Raut Dessai, has a strong subscriber base of over 20,000 individuals. Known for its simple and engaging approach to financial markets, the platform offers both short-form and long-form content to help readers understand complex business topics.
Under Raise Financial, Filter Coffee plans to expand its offerings, including the addition of multimedia content such as short videos and detailed storytelling. The goal is to provide fresh perspectives on India’s financial markets and make financial information accessible to everyday users.
Pravin Jadhav, founder and CEO of Raise Financial Services, expressed enthusiasm about the acquisition. “We are thrilled to welcome Filter Coffee and Tanvi to the Raise ecosystem. Filter Coffee’s unique voice resonates with India’s emerging investor community, and we look forward to supporting their growth,” he said.
Raise Financial Expanding Ecosystem
Raise Financial Services operates several platforms aimed at simplifying finance for users. Its stockbroking app, Dhan, has recently gained significant traction, ranking among India’s top 10 stockbroking apps and even surpassing Paytm Money.
Before founding Raise Financial, Pravin Jadhav served as managing director and CEO of Paytm Money, a role he left in March 2020. Under his leadership, Raise Financial has grown rapidly, attracting attention for its innovative offerings in the fintech space.
Funding and Future Plans
Dhan, a key offering from Raise Financial, has been making headlines for its growth and performance. Reports suggest that the platform is in discussions for a large funding round. This follows its successful $22 million funding in January 2022, which was backed by investors like BEENEXT, Mirae Asset, 3one4 Capital, and Rocketship.vc.
The acquisition of Filter Coffee aligns with Raise Financial’s vision to create a comprehensive ecosystem that caters to both financial literacy and investment needs. By integrating Filter Coffee’s expertise in financial content, Raise Financial aims to further empower India’s growing investor community.
The acquisition of Filter Coffee marks another milestone in Raise Financial’s journey to revolutionize financial services in India. With its expanding ecosystem and focus on user-friendly solutions, the company is well-positioned to shape the future of fintech and financial literacy in the country.
