Kristal.AI, a digital-first global private wealth management platform, acquired the global investment platform, Globalise, which provides access to US stocks, ETFs, and ETF baskets for Indian investors.
Both the companies complement each other, with Kristal.AI strong in institutional products like pre-IPO deals, hedge funds and VC funds for the affluent and HNI segment, and Globalise offering stock and ETF investing with no minimum requirements for the affluent and retail segments.
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Kristal.AI has USD 400 million of assets under management, and its user base has grown 7x in the calendar year 2021 to over 30,000. Since 2016, Kristal.AI has provided access to premium products and advisory services to institutional and accredited investors across 20+ countries. The strategic acquisition of Globalise will enable retail investors to invest in global products via fractional investments.
Kristal.AI’s Founder and CEO, Asheesh Chanda, said, “Kristal.AI enjoys a leading position in the global investment space and is a preferred choice. The acquisition of Globalise is complementary as it will help offer stock and ETF investing with no minimum requirement for the affluent and retail segments. The acquisition will help penetrate the retail segment and deliver on our mission to bring access to best-in-class products and advisory. We see opportunity in global investing, and growth via partnerships will remain an important element of our growth strategy.”
Viraj Nanda, CEO & Co-founder of Globalise, said, “Globalise was created with a vision to make every Indian investor get access to global products. We could not have found a better home than Kristal.AI for our customers, partners, and team to continue living our vision.”