Fintech

Stockify announces single-window online service to buy unlisted equities

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Stockify, one of the world’s most reliable and dependable fintech start-ups specializing in Unlisted or Pre-IPO shares, has announced its exclusive single-window buying portal for Resident Indian and Non-Resident Indian High Net-worth Individuals (HNIs). The buying portal will go live in the third week of October this year.

The new feature will assist retail customers to buy unlisted equities online without any human interface. Customers will be able to create a login, update their Know Your Customer (KYC) and Demat details, and select and buy their favourite Pre-IPO shares. Stockify will also facilitate a single-button online payment system using a simple-to-use payment gateway.

“This exclusive feature saves customers time due to limited human interface and will also help them track their investment on our platform on a real-time basis,” said Piyush Jhunjhunwala, Founder and CEO, Stockify.

Unlisted or Pre-IPO shares are offered by early-stage investors, promoters and employees in the secondary market to raise funds in advance, in order to generate liquidity. Pre-IPO companies are those private firms that intend to list on the stock market leaderboard. Companies that have opened doors to investors, but have not yet been listed on the stock market and have not yet made an Initial Public Offering are said to have offered Unlisted or Pre-IPO shares.

Jhunjhunwala said, “Our research desk is the site’s biggest differentiator. We are a team of qualified chartered accountants (CAs) with more than 20 years of top-tier experience. This is our biggest strength. We conduct detailed investigations into each and every aspect of the business and financial performance of the company. Only after our team has vetted the firm does it go online on our platform.”

Rahul Khatuwala, Co-Founder, Stockify, said, “The biggest advantage with Stockify is that we have impeccable research and easy buying on the same platform. This will help Indians all over the world to participate in wealth creation without the hassle of consulting multiple advisors.”

Both Jhunjhunwala and Khatuwala are qualified chartered accountants with more than 20 years of relevant experience. Jhunjhunwala is also a Certified Public Accountant from the United States.

On its website (www.stockify.net.in), Stockify offers a complete portfolio of companies currently offering unlisted shares. “As of now, we are not a registered investment advisor and we do not recommend trading of any share,” Jhunjhunwala said. “However, we list the most profitable Unlisted (Pre-IPO) shares based on our analysis and you are recommended to take advice from your financial advisors before making any decision. However, we are happy to assist on client requests.”

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