Embedded Finance startup Fixerra raises Rs 14 crore in funding from investors, family office

Embedded Finance startup Fixerra said it has raised Rs 14 crore in funding from investors, including Jaideep Hansraj, managing director of Kotak securities, Shailesh Haribhakti, chairman of Shailesh Haribhakti & Associates, Oisharya Das, CEO of Kotak Private, and Shivang Desai.

The round also saw investment from the family office of Harish Shah, managing director of Signet Excipients.

Fixerra announced it has rebranded itself from Fixed Invest, a marketplace for fixed deposits, and now aims to be in comprehensive banking as a service provider. It will help digital businesses launch banking products.


"We are excited to back Fixerra’s vision to bridge a gap between banks and fintechs that helps enable consumers to explore a broader range of superior banking services,” Haribhakti said.

Fixerra said it is expanding its banking partnerships and adding features. It expects to help over 200 digital businesses with its banking-as-a-service suite over the next three years.

"We want to become a digital mall for banks. Over the next three years, we are going to focus on building infrastructure for marketplaces across multiple banking products,” said Fixerra founder and CEO Akshar Shah.

As part of the five-member portfolio advisory team at Kotak Investment Advisors, Shah sat across investment committees of some of India's largest family offices, advising on assets totalling over Rs 20,000 crore as the lead advisor. Post that, he was also in the leadership team of Kotak’s inhouse fintech app – Kotak Cherry.