Startup firms let Indian retail investors buy corporate debt at $130

The new start ups are seeking to reassure investors they are doing all they can to protect their clients

Start-up firms selling corporate bonds to retail investors are booming in India.

At least 10 new financial technology platforms have sprung up during the pandemic with the aim of grabbing a share of the $1.9 trillion market for bank time deposits. They promise much higher interest rates through putting money into company bonds, which are generally seen as riskier higher-yielding debt.

The firms are riding on efforts by the Reserve Bank of India to encourage retail investment in sovereign debt as...read more