SSGA Establishes Strategic Tie-Up With Indian Fintech
Boston-based State Street Global Advisors has partnered with an Indian fintech company in which it recently invested.
State Street Global Advisors (SSGA) has formed a strategic relationship with smallcase – India’s largest model portfolios platform – according to a statement. The relationship will offer SSGA a strategic distribution opportunity for its SPDR exchange-traded funds (ETF). by being featured on smallcase’s platform technology for Indian investors.
«India remains a priority market for SSGA, and we are impressed by the innovation smallcase brings to the investment ecosystem,» commented Yie-Hsin Hung, CEO of SSGA.
«This relationship and investment aligns with our strategy of collaborating with leading wealth technology firms to enhance investor ease of access, choice and experience. Together with smallcase, we are excited to further the adoption of wealth-tech in India and improve individual investors’ seamless access to global investment solutions.»
Recent Funding Round
The tie-up follows SSGA’s recent participation in smallcase's $50 million Series D funding round, marking the American firm’s first investment in India’s asset and wealth management market.
Founded in 2015 and headquartered in Banglore, smallcase provides model portfolios constructed using stocks and ETFs. It has served over 10 million individual investors with $16 billion having been transacted since inception.
«Our new strategic relationship with State Street Global Advisors marks a significant milestone in our journey to offer global equities exposure to our users,» said Vasanth Kamath, co-founder and CEO, smallcase. «SSGA’s deep expertise, strong track record, and global reach make this collaboration a crucial step in our expansion into the international wealth marketplace.»
