Micro-Investing Start-Up Deciml Raises $3 Million from Jainam Broking

Micro-investing platform Deciml has raised $3 million in seed funding round from Jainam Broking firm. The start-up plans to utilise the funds to accelerate user acquisition, enhance product offerings, and expand its team.

In 2020, Satyajeet Kunjeer founded Deciml which simplifies micro-investing by allowing users to effortlessly invest spare change from their daily transactions into mutual funds. The platform automatically rounds up each transaction to the nearest 10, making investing automated and accessible to all.

“The Deciml journey is at a crucial crossroads right now. We took the time to adapt our product to user needs and now, we really want to focus all our efforts and energies on scaling rapidly. At such a juncture, we truly couldn't have asked for a more wonderful investor and partner than Jainam,” said Kunjeer.

Commenting on the funding, Jainam Broking CFO Dishant Milanbhai Parikh said the firm has always been driven by a commitment to innovation and financial empowerment. “We believe in investing technology that simplifies investing for the common man. Our investment with Deciml aligns with our vision of using technology to democratise access to capital markets,” he said.

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“Deciml’s unique approach to micro-investing resonates with our mission to help individuals take their first steps into the world of investing. By making investing effortless and accessible, Deciml has the potential to bring a new generation into the capital markets, and we are excited to be part of this journey,” said Parikh.

The funding comes at a time when India’s fintech sector continues to witness increased interest from investors. In 2024, homegrown fintech ventures raised more than $2.5 billion across 162 deals. The momentum continued this year as well. Fintech SaaS start-up Juspay was reportedly in talks to raise Rs 200 crore in a fresh round.