Wint Wealth Receives SEBI OBPP Licence

Wint Wealth Receives SEBI OBPP Licence

Bengaluru based fintech startup Wint Wealth has received the online bond platform provider (OBPP) licence from the Securities and Exchange Board of India (SEBI). This licence will allow the firm to continue facilitating investments in corporate bonds for retail investors. 

SEBI had mandated in November 2022 that online bond platforms selling listed debt securities will need to acquire a certificate of registration as a stockbroker in the wholesale debt segment under the SEBI (Stockbrokers) Regulations to function as an OBPP. Wint Wealth platform claims to have facilitated cumulative investments worth over INR 1,000 Cr in corporate bonds till nowatime.

"We are delighted to receive the OBPP licence from SEBI. This is a significant milestone for Wint Wealth and will enable us to continue to provide our investors with a safe and secure platform to invest in corporate bonds," said Ajinkya Kulkarni, Co-Founder and CEO of Wint Wealth.

The OBPP licence will allow Wint Wealth to offer a wider range of products and services to its investors including access to a wider pool of bonds, more competitive pricing and better customer support. The company also plans to use licence to expand its reach to new markets and attract more investors.

"We believe that the OBPP licence will be a game-changer for the corporate bond market in India. It will make it easier for retail investors to access this asset class and will help to deepen the market," said Kulkarni.

Wint Wealth is a leading online investment platform in India that offers a variety of investment products, including stocks, mutual funds and bonds. The company was founded in 2020 and is backed by marquee investors such as Eight Road Ventures, 3one4 Capital, Arkam Ventures and Blume Ventures.