Spare8 leverages EbixCash’s MoneyWare to power digital gold investment services

Written by Gloria Mathias

EbixCash, a subsidiary of Ebix, Inc., an international supplier of on-demand software to the insurance and financial industry, announces that Spare8, a B2B2C digital gold platform, partners with MoneyWare, EbixCash’s enterprise SaaS wealth and wealth management solution I announced what I had done. Implement gold leasing through Spare8’s API-driven digital gold stack.

This partnership is a leap towards gold mobilization in India and is the first of its kind across Asia. This collaboration will be a high-profile one in the FinTech world, demonstrating his EbixCash commitment to embracing futuristic digital investment solutions and his Spare8 excellence in disrupting the gold investment sector.

Sachin Seth, Managing Director, EbixCash Financial Technologies “This partnership is a testament to EbixCash’s vision for the future of digital investing through its enterprise SaaS investment platform MoneyWare. By leveraging Spare8’s unique technology stack, MoneyWare will provide its clients with diverse and advantageous investment options. We will provide it to you.”

Ronit Harisinghani, Co-Founder and CEO of Spare8 “Most Indians hold gold in some form, be it gold bars, coins, jewellery, or digitally. This innovative investment option allows users to lease their digital gold and invest in it. This helps first-time investors experience the power of wealth creation, allowing users to earn higher returns on gold purchased from as little as 0.5 grams. Masu.

Our partnership with EbixCash MoneyWare opens a quality distribution network for this product, bringing this innovative investment option into the hands of millions of Indians. ” Harisinghani added.

Spare8 brings the entire financial inclusion stack to everyone through gold. The company’s comprehensive ecosystem includes buying, selling, leasing, gifting, and physical delivery of gold, all seamlessly integrated through core APIs, allowing companies to diversify their service offerings. and offers significant opportunities to strengthen.

Spare8 is a FinTech startup in the gold space, backed by investors including 2am VC, Varanium Capital, Magic Fund, Broom Ventures, and Incisive Ventures.