Mumbai-Based Raise Launches Upsurge – A Financial Learning Platform

On Wednesday, Mumbai-based financial services provider Raise launches Upsurge, a financial learning platform designed to make it easier to learn about markets, comprehend finance, and manage funds.

The platform for financial literacy is aimed toward the late millennial and early Gen Z populations, according to the statement.

The Surat-based e-learning platform Valuationary which Raise acquired in April of this year, created and runs Upsurge. Raise said in a statement on Wednesday that it will use Upsurge to develop compelling learning experiences, interactive live sessions, self-learning, help activities, and bite-sized content to encourage financial independence.

Unlike previous e-learning platforms, Upsurge aims to function as a club for enthusiasts who want to learn about, participate in, and contribute to creating a community around finance, money, and markets.

As per Pratik Bajaj who is the founder of Upsurge, “The number of people in India who are interested in learning more about money, investing, and finance has increased at an unprecedented rate. There is still a gap in the market where many people’s goals of achieving financial literacy remain unfulfilled. The company is creating a platform with Upsurge that simplifies money and finance through engaging courses, experiential learning, and bite-sized material”.

In August 2021, Raise also acquired Mumbai-based stock broker Moneylicious Securities. Through the acquisition of Moneylicious, the business intended to introduce a new investment app for casual day traders and long-term investors.

This year, Raise also unveiled the application programming interface (API) platform DhanHQ to assist active traders in implementing their trading methods and constructing their own trading platforms that are tailored to their particular requirements.

Raise is a technology-driven investment platform with a focus on long-term investors and super traders. It was founded in 2021. The startup received $22 million in new capital earlier in January from sources including Mirae Asset Venture Investments, Beenext, 3one4 Capital, and Rocketship VC.