Raise Financial founder Pravin Jadhav asks Paytm to ‘step back’ from poaching his team members

Pravin Jadhav, the founder and chief executive of Raise Financial Services, on Thursday hit out at the wealth management division of Paytm, Paytm Money, for poaching his employees. Jadhav was the founding CEO of Paytm Money.

Jadhav said on microblogging platform Twitter that it was a ‘bit funny’ for Paytm Money to try poaching his team at Raise and DhanHQ.

“Think you should step back & focus on what I left with you - awesome product, team, business & customers. If I start making offers to your team & customers, guess - what will happen!” said Jadhav as a part of his tweet on Thursday.



Jadhav had left Paytm Money in 2020, after having built it from scratch. His departure was due to his differences with Paytm over issues like remuneration and employee stock options (Esops), as per people in the know. Post which he launched his venture, Raise Financial Services, a technology-focussed platform for long-term investors as well as traders.

Since the launch in January 2021, the company has raised over $22 million from marquee investors including Beenext and Mirae Asset Venture Investments, 3one4 Capital as well as Rocketship.vc.

Earlier this year, the company announced its investing and trading application programming interface (API) platform, DhanHQ. The solution is also aimed to help fintechs and banks offer plug-and-play investing and trading solutions for users on their platforms.

Raise is also looking to introduce new fintech offerings across segments of financing, insurance as well as wealth management segments.

Earlier this year, the company acquired online learning startup, Valuationary, and announced the launch of its new financial learning platform, Upsurge.