Deciml, founded with the goal of radically changing the way young adults think about investing and making their entry into the ecosystem easier. Satyajeet Kunjeer, a CFA Level 2 and seasoned entrepreneur, founded this Pune-based fintech startup that allows consumers to begin investing with as little as $1 through Mutual Funds and Fixed Return Funds.
Deciml began as a self-funded startup and is now backed by a group of strategic investors that includes venture capitalists, entrepreneurs, and innovators. VC firms like Unnati Labs, Agility Ventures, and MyAsia VC, as well as entrepreneurs like Gaurav Munjal, Co-Founder & CEO of Unacademy, Gaurav Munjal, Founder of Innov8 (acquired by OYO), Dr. Ritesh Malik, CTO of Dunzo, Mukund Jha, and Raunak Munot, Co-founder of Bombay Shaving Company, and creators like Bhuvan the cash will mostly be used for client acquisition, product upgrades, and talent onboarding.
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Satyajeet Kunjeer, Founder and CEO, Deciml says, “Everyone wants to be rich by the age of 40, but no one wants to stop living from 20-40. With growing aspirations and consumption, we wanted to create a super convenient way to get more young adults into the investment habit, without compromising on their aspirational lifestyles. We’re deeply passionate about solving this problem and uplifting India’s investment penetration from the current low of 3.5%.”