Fintech startups feel the glow of retail gold rush

A slew of fintech startups offering investment options such as fixed deposits and gold are drawing steady venture capital funding buoyed by rising demand for safe-haven investment options by retail investors amid choppy market conditions.

Firms like Gullak and Stable Money are among those to have caught the eye of venture capitalists keen to back startups operating in the wider wealth management space.

While lack of regulatory clarity is a challenge for this sector, investors believe that a stable and scalable model will evolve and that these startups…