Cleartax to foray into stock broking, wealth management serv

Cleartax to foray into stock broking, wealth management services


Cleartax to foray into stock broking, wealth management services
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Cleartax plans to pump Rs 100 crore into developing and promoting its new app — Black, which will double up as both tax management and investment platform for retail customers.
ETCIO
Cleartax CEO Archit Gupta. Cleartax will now directly compete against fintech firms such as of Zerodha, Upstox and Paytm Money as well as Motilal Oswal and ICICI Securities.
Mumbai: Tax management platform Cleartax will foray into stock broking and wealth management services, eyeing a share of India’s fast-growing retail investment market that has seen a huge influx of first-time traders amid the Covid-19 pandemic.

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