Prime Securities Acquires Majority Stake in Fintech Platform DhanLAP The investment involves subscribing to optionally convertible debentures, with plans to raise its stake above 50% upon conversion. Prime Securities' total investment is valued at INR 7 crore.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Akshay Gupta, Director at Prime Securities

Prime Securities, a leading investment banking and corporate advisory firm, has acquired a 41.68% stake in Chennai-based fintech platform Ark Neo Financial Services Private, popularly known as DhanLAP.

The investment involves subscribing to optionally convertible debentures, with plans to raise its stake above 50% upon conversion. Prime Securities' total investment is valued at INR 7 crore.

This acquisition aligns with Prime Securities' broader strategy to diversify its offerings, following its recent expansion into wealth management through its wholly owned subsidiary, Prime Trigen Wealth. The move underscores Prime's commitment to scaling its footprint in technology-driven financial services.

Launched in October 2021, DhanLAP has pioneered a digital solution for availing loans against financial assets like mutual funds, shares, and insurance policies. The platform, which has partnered with leading lending institutions, caters to retail investors, addressing a critical need for instant liquidity without disrupting long-term financial goals.

C Chandrasekhar, Founder and CEO of Ark Neo Financial Services, said, "Many retail investors are unaware that their investments in mutual funds and stocks can serve as collateral for loans. Instead of redeeming their assets during financial needs, DhanLAP offers a seamless, fully digitised solution to secure loans, ensuring uninterrupted wealth growth," he explained.

Chandrasekhar also added, "Prime Securities as our major shareholder will create significant synergies, enabling us to scale and innovate further."

Akshay Gupta, Director at Prime Securities, highlighted the strategic alignment of DhanLAP with Prime's vision. "DhanLAP's innovative approach to loans against securities fits perfectly with our objective of delivering scalable, technology-driven financial solutions. By democratising access to these products, traditionally offered by private banking firms to HNIs, DhanLAP is poised to capture the growing demand among retail investors."

With this acquisition, Prime Securities aims to unlock the platform's growth potential, leveraging its expertise and resources to drive DhanLAP's expansion and innovation in the financial services sector.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Business Plans

How I Turned a Failing Business Into a $1 Million Powerhouse in Just 6 Months

Here's how I addressed five major revenue drains and transformed a struggling business into a million-dollar success in just six months.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

The Importance of Communication

According to Megan and Tom Gibbings, communication is the most important component of their successful veterinary practice. They've found it's what sets them apart, and when there's been a challenge or a sticking point, it boils down to a lapse or failure in communication.

News and Trends

How AI and Automation is Reshaping India's Manufacturing Landscape

The adoption of AI and automation is redefining how companies in the manufacturing sector innovate and improve customer experiences. However, while these advancements promise increased productivity and cost savings, they also bring inherent challenges along with them

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Growing a Business

Master These 5 Pillars of Excellence to Overcome Obstacles and Reach Your Goals

Being a top-performing entrepreneur takes more than discipline. There are the five pillars of entrepreneurial excellence you need to build any empire.