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§ Private Profile · Gurgaon, Haryana, India
Univest is a technology company.
Univest Financial Corporation delivers a comprehensive suite of financial solutions, including retail and commercial banking, wealth management, and insurance services. These offerings are accessible via its branch network, online platforms, and mobile applications, providing individuals and businesses a unified and accessible financial experience.
The company's roots trace to June 12, 1876, with the establishment of Union National Bank in Souderton, Pennsylvania. The founding insight addressed the community's need for a local financial institution, marking it as the first bank in the area. This foundational step paved the way for its evolution into Univest Financial Corporation.
Univest serves a broad client base of individuals, businesses, municipalities, and nonprofit organizations, primarily across the Mid-Atlantic Region. The institution focuses on fostering financial well-being through personalized service and robust tools. Its vision centers on remaining a trusted financial partner, supporting community growth and prosperity.
Univest has raised $2.0M across 2 funding rounds.
Univest has raised $2.0M in total across 2 funding rounds.
Univest has raised $2.0M in total across 2 funding rounds.
Univest's investors include Trinity Media Group, Envision Learning, McKinsey & Company, OYO, Raheja Group, Reliance Industries, Tata AIA Life Insurance Company, 8-Bit Capital, Angular Ventures, Battery Ventures, Boldstart Ventures, Bond.
Univest has raised $2.0M across 2 funding rounds. Most recently, it raised $1.5M Seed in March 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 21, 2023 | $1.5M Seed | Trinity Media Group | Envision Learning, McKinsey & Company, OYO, Raheja Group, Reliance Industries, Tata AIA Life Insurance Company | Announced |
| Sep 1, 2022 | $470K Seed | — | 8 BIT Capital, Angular Ventures, Battery Ventures, Boldstart Ventures, Bond, Caffeinated Capital, Catapult Capital, Kleiner Perkins, Offline Ventures, Otherwise Fund, Sequoia Capital, Seven Seven SIX, Threshold Ventures, Tribe Capital, Uncork Capital, Y Combinator, Aaron Harris, Alex Kayyal, Eoghan Mccabe, Frederic Kerrest, Hiten Shah, Pierre Valade, SAM Hickmann, Stewart Butterfield, Thibaud Elziere | Announced |
Univest is an AI-powered financial technology platform designed for retail investors, offering tools for stock market discovery, research, analysis, and investment to maximize returns through informed decisions and timely exits.[1][2][3] Founded in 2022 and headquartered in Gurugram, India, it serves millions of retail users by aggregating trade insights, pre-market analysis, financial news, company results, and investor holdings tracking, while providing fixed-return income products via its Elite program.[1][2][4] The company's mission centers on empowering users with a one-stop solution for higher ROIs, blending AI with SEBI-registered human intelligence for personalized trading advice, addressing pain points like poor investment timing that its founders experienced.[1][2]
With $10.47M raised, including a $10M Series A round about five months ago, Univest shows strong growth momentum in the wealth tech and fintech spaces, particularly for non-US markets.[2] It operates transparently as a platform publishing data from regulated entities, prioritizing a customer-first approach to simplify the investment journey.[1]
Univest was founded in 2022 by Pranit Arora and Avneet Dhamija, who shared a vision to deliver higher ROIs for retail investors after personally struggling with suboptimal investments and exits over a decade.[1][2][3] Arora and Dhamija, drawing from their experiences, built Univest Communication Technologies Private Limited as an AI-based fintech platform to solve widespread retail investor challenges.[1][4]
Key early team members include Vikash Agrawal (Co-founder and CTO with 17 years in technology, scaling companies like Breathe Well-being), alongside advisors like Deep Bajaj (Cofounder of Peebuddy) and others from tech and finance backgrounds.[1] The idea emerged from founders' frustrations, leading to rapid development of a comprehensive ecosystem for discovery, research, investing, and sharing—all in one place—gaining traction in India's booming retail investment scene.[1][3]
Univest rides the retail investor democratization wave in India, fueled by rising stock market participation post-pandemic and fintech accessibility via apps.[2][3] Its timing aligns with surging demand for AI-driven wealth tech tools amid volatile markets, where retail traders seek edges over traditional brokers—evidenced by its inclusion in CB Insights' Wealth Tech and Fintech collections.[2]
Market forces like SEBI regulations favoring compliant platforms and India's digital economy growth (e.g., UPI integration potential) work in its favor, positioning Univest to influence the ecosystem by upskilling millions of novice investors.[1][2] It contributes to broader fintech innovation by blending tech with human oversight, helping retail users compete in a space dominated by institutions.[2]
Univest is poised for accelerated expansion with its recent Series A funding, likely fueling AI enhancements, user acquisition, and potential product diversification like advanced portfolio tools or global market access.[2] Trends such as AI personalization in finance, rising retail trading volumes in emerging markets, and regulatory tailwinds will shape its path, potentially elevating it as a go-to platform for India's 100M+ investors.[1][2]
Its influence may evolve toward deeper ecosystem integration—partnerships with brokers or data providers—solidifying its role in empowering higher ROIs, true to the founders' vision of transforming retail investing from frustrating to fulfilling.[1][3]