PHOTO CAPTION (L - R): Mr. Sundaresan R., Head of Technology (Chennai), Samco Securities; Mr. Jimeet Modi, Founder & CEO, Samco Securities; Mr. Pratik Adani, Chief Technology Officer, Samco Securities
SAMCO Securities Limited, a fintech start-up headquartered in Mumbai is one of India's fastest growing companies in the Discount Broking Industry with over 1,00,000 customers. The company aims to solve problems of its customers at an affordable cost who actively trade or invest in the Indian capital markets with the use of algorithm, data science and artificial intelligence. SAMCO strives to provide some of the most unique margin products to enable its customers to make the most efficient use of their capital and dodge complex problems like high brokerage and inefficient capital allocation that plague the trading and investing industry.
Earlier in 2018, the company had raised $7.5 Mn (INR 49 Cr) in a Series B funding round from existing promoters and London-based investment management firm Bay Capital Investment Partners. Prior to that Series A funding of $3 Mn (INR 20 Cr) was raised by the company in FY 2016.
The various investment tools offered on SAMCO platform such as StockNote and Rank MF, ease the process of saving and creating wealth.