Kristal AI has announced the acquisition of a global investment platform, Globalise which delivers access to US stocks, ETFs, and ETF baskets for Indian investors.
“This strategic acquisition of Globalise will enable retail investors to invest in global products via fractional investments,” the statement said.
Speaking on the acquisition, Kristal.AI’s Founder and CEO, Asheesh Chanda said, “Today Kristal.AI enjoys a leading position in global investment space and is a preferred choice for the affluent segment. The acquisition of Globalise is complementary as it will help us offer stock and ETF investing with no minimum requirement for the affluent and retail segments.”
“The acquisition will help us penetrate the retail segment and deliver on our mission to bring access to best-in-class products and advisory within the reach of everyone. We see tremendous opportunity in global investing and growth via partnerships will continue to remain an important element of our growth strategy,” He added.
Commenting on the development, Viraj Nanda CEO & Co-founder of Globalise said, “Globalise was created with a vision to make every Indian investor access global products. The merger helps us deliver access to premium global products. We couldn’t have found a better home than Kristal.AI for our customers, partners, and team to continue living our vision.”
“The customers and partners of Globalise will not experience any change in pricing or product. The entire operating team of Globalise has been retained and continues to operate from their respective locations. Over the next few months, Kristal.AI and Globalise teams will work closely to integrate product flows and customer accounts,” he added.