Centricity Secures $4 M In Pre-Seed Round

Centricity raises $4 million in pre-seed funding round and the amount will be used to strengthen the teams across technology, investment and sales functions as well as to increase brand awareness

Centricity a wealth tech platform raises $4 million which is around INR 31 crore ( 1 USD =  INR 79.48) in a pre-seed funding round. The round was led by Burman family office, Shantanu Agarwal, and Arun Jain, founder of Polaris Software Labs. Centricity was established in 2022 by former senior private bankers.

Other angel investors in this round include Devesh Sachdev (Fusion Microfinance), Rajesh Razdan (Devtron Labs), Ankush Nijhawan (TBO), Purrshottam Bhaggeria (Filatex group), Abhay Agarwal (Burman family office) and Pravin Jain/Navin Jain (Supercircle family office).

According to the media reports the funds will be used to strengthen teams across technology, investment product and sales functions as well as to increase brand awareness. 

It is a Software as a Service (SaaS) based platform that offers its software to independent financial advisors, retailers, sole entrepreneurs etc. According to their website, some of the services they offer are account management, insurance and regulatory, accounting and many more. 

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