Dhan’s parent Raise Financial Services is accelerating its full-stack fintech ambitions with a cash-and-stock acquisition of insurance broker Greenlife Insurance (GIBL). The deal, terms undisclosed, will bring GIBL’s 25-member team to Mumbai and is paired with a $15 million investment to build a direct-to-consumer insurance business. Raise says it’s a natural bridge from financial planning to recurring trust, leveraging GIBL’s offline presence across 50 East and Northeast cities plus B2B relationships, while the risk is overbuilding amid multiple acquisitions.
Raise Financial, the parent of stock trading platform Dhan, has acquired GreenLife Insurance for about $15 million in a cash-and-stock deal. The move is designed to build a direct-to-consumer insurance distribution and broking business, using GreenLife’s decade of experience to expand beyond trading into financial services.
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Dhan has rolled out “Gold Vault,” a Sebi-regulated offering that lets retail investors buy physical gold and silver using live commodity exchange pricing, complete with home delivery. The system is designed to reduce risk by routing transactions through MCX futures settlement and MCXCCL clearing, signaling a new step in how digital gold products are delivered and secured.
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