Computer Age Management Services Limited (CAMS) has acquired majority stake in digital focus platform Fintuple Technologies Pvt. Ltd. (Fintuple) for an undisclosed amount.
With Fintuple’s portfolio, CAMS is set to further strengthen its value proposition for the Alternative Investment Fund (AIF) and Portfolio Managers (PMS) marketplace, it said in a statement.
Anuj Kumar, Managing Director, CAMS, said, “We expect the AIF and PMS markets to grow at a CAGR of over 20% over the next decade, and therefore find investing in Fintuple as a great opportunity.”
CAMS is a financial infrastructure and service provider for mutual funds and other financial institutions. Established in 2018, Fintuple is a new age start-up that has launched exclusive technology offerings for AIF and PMS.