In its first startup funding deal, Jainam Broking has invested $3 million in a seed round in a Pune-based investing platform Deciml.

Deciml had previously raised $1 million from MyAsiaVC, and individual investors, including Gaurav Munjal, Ritesh Malik, Raunak Munot, Mukund Jha, and others.

Founded in 2020 by Satyajeet Kunjeer, Deciml leverages its round-up feature to automatically invest spare change from users’ daily transactions into mutual funds. Whenever users make an online transaction via card or UPI, the platform rounds up the amount to the nearest 10 and invests the difference in mutual fund. Deciml claims to have 3 lakh active users on its platform. 

The funds will be used to enhance its product offerings, expand user base, and strengthen team.

“The Deciml journey is at a crucial crossroads right now. We took the time to adapt our product to user needs, and now we 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. They have not only validated our vision but are also fueling and shaping it,” said Satyajeet Kunjeer, founder of Deciml.