Indian and UAE fintech Stockify expands operations as it targets $20 million in revenue in 2024

Indian and UAE fintech Stockify expands operations as it targets $20 million in revenue in 2024

Stockify, a customer-oriented platform for unlisted or pre-IPO shares in India, have announced the expansion of its operations with a new office in Kolkata, India, set to be operational from July 2024. This strategic move aligns with the company’s vision to strengthen its presence in the eastern part of India and achieve its revenue target of $20 million this year.

Stockify Fintech has rapidly grown since its inception in 2022 under the leadership of Founder Piyush Jhunjhunwala, a CA from India and CPA from the USA with over 20+ years of global financial experience, and Co-Founder Rahul Khatuwala, who heads Stockify’s Indian operations.

“We are excited to expand our footprint in Kolkata, which is becoming a significant hub for fintech innovation,” said Rahul Khatuwala, Co-Founder of Stockify Fintech. “Our new back office will support our mission to provide retail and high-net-worth investors, including NRIs, with access to unlisted shares and other investment opportunities.”

Stockify Fintech offers a range of investment products, including pre-IPO shares, startup funding, mutual funds, bonds, non-convertible debentures (NCDs), and insurance-linked investments.

The company’s USP lies in its comprehensive service offerings and its focus on facilitating investments in pre-IPO shares. These shares are offered by private firms intending to go public, providing early investors the opportunity to secure shares at lower prices before they are listed on the stock exchange.

“Our primary objective is to help investors access blue-chip stocks before they are listed on the Indian Stock Market, enabling them to achieve significant returns,” said Piyush Jhunjhunwala, CEO of Stockify Fintech.