Microsavings platform Siply raises $19-M led by Qi Ventures

Bengaluru-based microsavings platform Siply has raised USD 19 million in a funding round led by Qi Ventures. The round also saw participation from existing investors LetsVenture and Jito. Angel investor Vivek Sunder (CEO of Cuemath) also participated in the round. Siply provides micro-investment products to underserved customers and allows them to invest in mutual funds, digital gold and other financial assets. It also provides education around savings and investments to promote financial independence. Last October, Siply raised USD 3.2 million in equity and debt in a round led by LetsVenture, AngelList India and Founder Room Circle.