Dexif, a fixed income products platform, has raised $4 million in its first institutional funding round from RTP Global.
Previously, the Noida-based startup had raised about $1 million from RTP Global and angel investors in the past.
According to an ET report, the proceeds will be used to scale up its technology platform, attract top talent, and expand business operations four to five times.
Founded by Deepank Bhandari and Tushar Sharma, Dexif runs a fixed income securities marketplace connecting companies and financial institutions looking to raise debt and investors.
Dexif’s products are spread across a risk spectrum of fixed income securities including sovereign-rated securities.
The startup is currently in stealth mode and it facilitates investments totalling to about Rs 300 crore per month.
