Centricity Secures Rs 280 Cr in Series A Funding for Wealth Management Tech
Centricity, a tech-led wealth management firm, secures Rs 280 crore in Series A funding led by SMBC Asia Rising Fund in 2026. Learn more about this significant investment and its implications.
LazyFounders
30 SEC SUMMARY
Centricity, a tech-led wealth management firm, raised Rs 280 crore in Series A funding led by SMBC Asia Rising Fund in 2026. The round included participation from existing investors like Lightspeed India Partners and Burman Family Office. The funding will bolster Centricity's technology stack, expand its B2B2C platform, and accelerate its global private client business growth.
TABLE OF CONTENTS
INTRODUCTION
In a significant move in the wealth management sector, Centricity has secured Rs 280 crore in Series A funding led by SMBC Asia Rising Fund. This substantial investment underscores the firm's innovative approach to wealth management technology.
FUNDING DETAILS
The Series A round saw participation from several notable investors, including Lightspeed India Partners, Burman Family Office, RAAY Investments, and Kuldeep Rathi's Family Office. Other returning investors like Stride Venture and Innoven Capital also participated in this round.
COMPANY BACKGROUND
Centricity, founded in 2022 by seasoned private bankers, operates across multiple business verticals. These include its partner-driven B2B2C distribution platform One Digital, Invictus Private Wealth, and NRI Global Private client business. The firm is committed to leveraging technology to redefine wealth management.
FUTURE PLANS
The funding will be strategically deployed to strengthen Centricity's proprietary technology stack, expand its B2B2C wealth distribution platform, and accelerate the growth of its private wealth and NRI global private client businesses. The firm aims to deepen its presence across both domestic and international markets.
CEO STATEMENT
On the fund raise, Centricity Founder & CEO Manu Awasthy said, “This investment is a defining endorsement of Centricity's vision, business model, and execution. After the early backing of Lightspeed, the partnership with SMBC's venture capital arm is another strong vote of confidence in what we have built in just three years.”
COMPANY METRICS
Centricity now manages more than Rs 15,000 crore in Assets Under Management (AUM), serving a network of over 20,000 partners and supporting more than one lakh investors. The firm works with over 250 family offices and has a workforce of 800+ professionals. Centricity is on track to surpass Rs 150 crore in revenue in FY27, reflecting nearly 200% growth over the past year.
KEY HIGHLIGHTS
- Centricity raised Rs 280 crore in Series A funding led by SMBC Asia Rising Fund.
- The funding round included participation from existing investors like Lightspeed India Partners and Burman Family Office.
- The investment will be used to strengthen technology, expand the B2B2C platform, and grow private wealth and NRI global private client businesses.
- Centricity manages over Rs 15,000 crore in AUM and plans to exceed Rs 150 crore in revenue in FY27.
FAQs
**Q1: What is Centricity's business model? A1: Centricity operates a partner-driven B2B2C distribution platform, Invictus Private Wealth, and NRI Global Private client business, focusing on transparency and open architecture.
**Q2: How does Centricity differ from traditional wealth management firms? A2: Unlike traditional models, Centricity's platform is advisor/distributor-first, emphasizing transparency and open architecture.
**Q3: What are Centricity's future growth plans? A3: The firm plans to strengthen its technology stack, expand its B2B2C platform, and accelerate growth in its private wealth and NRI global private client businesses.
CONCLUSION
Centricity's Rs 280 crore Series A funding round is a testament to its innovative approach to wealth management technology and its potential for significant growth. With a strong investor backing and ambitious plans, Centricity is well-positioned to redefine the wealth management landscape in 2026 and beyond.
CALL-TO-ACTION
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Sources
This story is an original summary and analysis written by LazyFounders from the reporting listed above. Facts are attributed to their original publishers; sections marked as analysis are LazyFounders's opinion. Where a source is in another language, facts were machine-translated and quotations are reported, not reproduced. Read the original coverage via the links.
