June 21 2017, Mumbai: Finvasia, India’s leading technology-driven brokerage firm, envisions creating a technologically driven ‘ZERO BROKERAGE’ financial ecosystem in India by taking commission out of an average investor’s portfolio. The company is India’s first clearing house providing FREE clearing services to all FPI clients in NSE derivative segments.
Finvasia is India’s first brokerage that offers life-time commission-free trading in ALL segments on ALL exchanges. Due to high fees and commissions many new investors are refraining from entering the market. By eliminating brokerage and introducing artificial intelligence, Finvasia is transforming the entire investment industry and financial sector.
Besides offering zero brokerage trading, Finvasia is also one of the first to introduce e-KYC in India. eKYC allows investors to open verified trading accounts in 5 minutes and begin trading within 30 minutes. The e-KYC service is approved by NSE, BSE, MCX and SEBI as a valid KYC process.
“Our mission is to democratize the financial markets and make the markets accessible to everyone by offering Zero Brokerage plans.” said Natty Virk, CEO & Co-founder -Finvasia. “Investors are losing the amount they make from stock market appreciation in just commissions. And eliminating fees is one of the most effective ways to improve their trading profits and enhance their savings.”
‘’With Commission free trading we aim at taking the middleman out of an average investor’s portfolio. We believe that the exuberant prices charged by the brokers are stopping the new investors to enter the market. Thus there is a need to create a technologically driven ecosystem and revolutionizing the investment industry and financial space” - Said Sarvjeet Singh Virk, MD & Co-Founder- Finvasia.
Founded in 2009 by Sarvjeet Singh Virk and Natty Virk, Finvasia’s fintech platform was launched on August 15th 2016. It offers services such as asset management, investment banking, capital market advisory, currency hedging to brokerage services in commodities, equities, and derivatives. The company also advises foreign investors, NRIs, HNIs & Retail clients on investments in fourteen countries, ranging from Australia to Brazil and everything in between.
Recently, they won the award for ‘Best Trading Execution or Brokerage Platform’ at the 2017 Benzinga Global Fintech Awards in New York, USA. The award is one of the biggest events that acknowledge the achievements of the disruptive businesses and innovators from the capital markets around the world. Over 225 handpicked companies were shortlisted from across the globe for these much coveted Awards
About Finvasia
Finvasia is India’s first Fintech offering Zero Bokerage and Zero Clearing trading account using SEBI approved Aadhaar based process. The company received Foreign Direct Investment (FDI) funding from global Venture Capitalists against a valuation of INR 1.5 Billion in 2016.
With offices in Mississauga (Canada), London (UK), Chandigarh (India), Finvasia acts as a one stop shop for various Hedge Funds, Fund of Funds, FPIs by providing Pre/Post registration with DDP to Clearing, Trading, Advisory, Compliance and Accounting services. Our comprehensive suite of products and services help us cater to almost any and all needs of an FPI, starting from getting FPI approval, trading services, to filing for your taxes and getting repatriation certificates.
Being a Foreign Institutional Investor since 2011, the company has hands-on experience registering various FPI along with providing highly competitive brokerage plans and other costs from various entities involved. We are registered as Commercial Clearing and Trading Member of National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange (BSE) and a Trading Member of Multi Commodity Exchange of India (MCX). We act as Depository Participant with CDSL and filled application for Non-Banking Financial Corporation (NBFC) with approval expected shortly. Additionally, we were registered as a Foreign Institutional Investor (FII) with Securities Exchange Board of India and as an Investment Advisor with Securities and Exchange Commission, USA.
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