We are thrilled to announce a transformative development at Stockal: our acquisition of Acru, an Indian fintech company specializing in cross-border investment infrastructure. This strategic acquisition marks a significant milestone for Stockal as we aim to enhance our platform and global reach into markets that have large NRI presence
Why This Acquisition Matters
In an increasingly interconnected world, the need for seamless cross-border investment solutions has never been more critical. By acquiring Acru, we are taking significant steps toward offering a comprehensive solution that caters to both Indian investors and those looking to invest in India (NRI).
Acru has developed an infrastructure that enables investments in various asset classes, including digital gold, digital silver, and mutual funds. The company is also planning to expand its offerings to include Alternative Investment Funds (AIF), Portfolio Management Services (PMS), and listed equities for global investors.
This acquisition will significantly enhance Stockal’s capabilities:
- Simplified Processes for NRIs and Foreign Investors: Integrating Acru’s technology will simplify the investment process for Non-Resident Indians (NRIs) and foreign investors. Whether you are looking to invest in Indian mutual funds, digital gold, or other financial products, our platform will provide a streamlined experience tailored to your needs.
- Robust Technology: Acru’s technology will allow us to offer a more user-friendly experience on our platform. Expect faster transactions, better analytics, and improved customer support as we integrate their systems.
- Expertise in Financial Products: With Acru’s existing expertise in Indian financial products, we can provide tailored investment solutions that meet the distinct needs of our diverse clientele.
- Targeting New Investments: Our goal is ambitious yet achievable: to facilitate an additional INR 500-1,000 crore in new investments into India over the next year. This influx of capital will not only enhance your investment options but also contribute positively to India’s economic landscape.
Stockal is committed to broadening its global presence. This acquisition not only facilitates the upcoming launch planned in emerging economies such as Indonesia, Malaysia, Vietnam, Ghana, and Nigeria by the end of this year but also strengthens our existing partnerships in key international markets like the such as the GCC. We believe these expansions will truly empower thousands of investors globally to access Indian markets more easily.
The Bigger Picture
The acquisition of Acru aligns with a broader trend in the fintech industry where companies are increasingly focusing on cross-border investment solutions. Recent moves by other fintech firms—such as PhonePe’s acquisition of WealthDesk and Groww’s entry into mutual funds via Indiabulls Asset Management Company—underscore the growing importance of enhancing wealth management services.
Sitashwa Srivastava, Co-Founder and CEO of Stockal, encapsulated this vision when he said:
“This acquisition enables us to offer a truly holistic infrastructure for cross-border investing. We can take the Acru infrastructure to global banks, brokerages, wealth managers, and fintechs to offer a simplified process for NRIs and PIOs investing in India’s dynamic market.”
At Stockal, we aim to be at the forefront of this transformation. By integrating Acru’s specialized infrastructure into our platform, we are well-positioned to create a borderless investment platform that empowers both Indian and global investors.
