Computer Age Management Services Ltd (CAMS) has acquired a majority stake in digitally-focused platform Fintuple Technologies Pvt. ltd (Fintuple) for an undisclosed sum.
With the addition of Fintuple’s offering portfolio, CAMS is positioned to further strengthen its value proposition to the alternative investment fund (AIF) and portfolio manager (PMS) market, it said in a statement.
“We expect the AIF and PMS markets to grow at a CAGR of more than 20% over the next decade, so we saw investing in Fintuple as a great opportunity,” said Anuj Kumar, MD, CAMS.
CAMS is a financial infrastructure and services provider for mutual funds and other financial institutions. Founded in 2018, Fintuple is a new age startup that has launched niche technology offerings for AIF and PMS.