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Datacomp has sold WealthMagic SAAS to Fintso

Mumbai – Corporate Finance International (‘CFI’) is pleased to announce that they acted as financial advisor to Datacomp in the sale of WealthMagic SAAS to Fintso.

WealthMagic SAAS (www.wealthmagic.in – a division of Datacomp Web Technology): WealthMagic SAAS is one of the largest SaaS providers to mutual fund distributors, transforming their back and front office operations. It helps bridge the gap between advisors and their clients through online transaction execution, robust reporting, etc.

Datacomp Web Technology Pvt. Ltd. www.datacompwebtech.com is a financial software company, predominantly working in insurance (mainly Life), mutual fund distribution and wealth management verticals. Their products are currently being used by 14+ Insurance companies, 18+ Brokerages houses, 3000+ MDRT agents,  3000+ IFAs and 35000+ active LIC agents.

Fintso is a cutting-edge B2B2C wealthtech platform creating access to valuable industry resources and industry-leading capabilities. It provides full-stack wealth management solution to enable evolution to IFPPs.

The transaction closed on 1 November 2021.

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