Fintech startup Gumption Labs wins $50,000 from Village Capital

NEW DELHI: Bengaluru-based fintech startup Gumption Labs has received USD 50,000 in investment from Village Capital.

Gumption Labs is an artificial intelligence (AI) based algorithmic platform that automates the investments options.

"We are going to use the funds from Village Capital to expand our team and operation to handle the increasing number of users of our platform," Gumption Labs co-founder and CEO Anuraag Saboo said.

Started in 2010, Gumption Labs monitors and re-balances financial investments using artificial algorithms through -- Traders Cockpit and Fund Expert - two of its signature products.