Wealth management platform Scripbox makes strategic investment in Mitraz Financial

NEW DELHI: Digital wealth management platform Scripbox has made a strategic investment in Mitraz Financial, a Sebi registered investment advisor providing personalised financial advisory services to high net-worth and ultra-high net worth individuals. With this partnership, Scripbox and Mitraz Financial will be able to offer a full-stack of wealth management solution powered by tech, data and science, according to a release.

Scripbox's investment in Mitraz will allow the companies to combine their experience and expertise to create a scalable tech-led wealth management model that can cater to a full spectrum of customer needs. This ranges from early stage investors with relatively simple needs to the more complex demands of mature investors.

“We believe that this partnership offers the best of both worlds - personalised advisory with digital wealth management, for better customer outcomes,” said Atul Shinghal, founder & CEO of Scripbox, as quoted in the release.


Anup Bansal, co-founder & MD of Mitraz Financial added, “integrating Scripbox’s tech-led toolkit with our advisory capability will boost the experience we provide to our clients.”

The Covid-19 pandemic has accelerated the urgency of Indians to grow and manage their wealth, with an emphasis on advice and planning services. India is the fifth largest Asian market in terms of high net worth and ultra-high net worth individuals, as per a report by BCG. The move will strengthen and expand Scripbox’s presence in the wealth management domain in India and deepen Mitraz Financial’s existing capabilities for efficiency and scale.