Kredent Infoedge receives funding of Rs 5 crore from Ramesh Damani

Fintech-cum-education start-up Kredent Infoedge has received pre-series A angel funding of Rs 5 crore from stock market investor Ramesh Damani, the first funds received from an external source.

Managing Director of the Kolkata-based company, Vivek Bajaj, said it is focusing on stock market education and equity market data analytics. The funds received would be utilized for developing new and innovative products, Bajaj said.

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"Our mission is to spread financial literacy among the people of the country," he said.