360 One WAM acquires ET Money for about $44 million, entering the wealth tech space by leveraging ET Money's large user base, with over 900,000 clients and $8.3 billion in assets under management.
The acquisition of ET Money allows 360 One to tap into the fast-growing wealth tech space, complementing its services for high-net-worth and ultra-high-net-worth clients through combined product suites and advisory solutions.
ET Money is the second startup from Times Internet sold recently after MX Player. 360 One aims to utilize the acquired expertise to expand its user base and offerings, as disclosed in the stock exchange filing.
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