Investment startup Tap Invest raises $2 million in seed funding led by Turbostart

Indian fixed-income platform Tap Invest, formerly known as 'Leaf Round,' has raised $2 million in a seed funding round, spearheaded by venture capital fund Turbostart. Other prominent investors in this funding round include Snow Leopard Ventures, along with angel investors like Kunal Shah, the Founder of Cred, and Kashyap Shah, the CPO and CEO of Creditstar UK. Additionally, existing investors, Upsparks and Superb Capital, have continued their support for the startup.

Tap Invest specializes in providing investment solutions in the fixed-income sector, such as Asset leasing and Invoice discounting. Over the past year, the platform has successfully onboarded 12,500 investors who have collectively invested a substantial sum of Rs 150 crores. The company has ambitious goals and intends to expand its investor base to 20,000 and manage a pool of Rs 500 crores by the end of 2024.

The founder and CEO of Tap Invest (formerly known as Leaf Round), Nishchay Nath, stressed the importance of the fixed-income investment category in India, where it now makes up around 70% of all investment assets. His opinion that, given the increasing trend of digital investments in India, this is the perfect moment for fintech businesses such as Tap Invest to take center stage. By creating a technologically sophisticated and compliant environment that offers customers tech-enabled products and services, they want to expedite the adoption of digital investments.

With this large financing infusion and a steadily growing investor base, Tap Invest is positioned as a prospective competitor in the Indian fintech scene, looking to take advantage of the growing demand for digital investment choices in the fixed-income market. In the process of achieving their lofty goals for 2024, they hope to establish a transparent and accountable ecosystem for digital investors in India.

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