CAMS declared that it had acquired a majority stake in Fintuple Technologies, a fintech platform for alternative investment funds (AIFs) and portfolio managers (PMS). With the addition of Fintuple’s portfolio of offerings, CAMS is heading towards further strengthening its value proposition for AIF and PMS marketplace, according to a company statement.

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Founded in the year 2018, Fintuple offers niche technology in digital client onboarding, KYC, fund data, fact sheets and analysis and other digital support solutions for AIF and PMS. In a short time, Fintuple has added marquee AIF brands and banks as its client and is planning to expand its footprint to the gateway connecting its consumers to digitally-enabled manufacturers and providers through APIs. “We expect the AIF and PMS markets to expand at a CAGR of over 20 per cent and feel investing into Fintuple as a great opportunity that will assist CAMS and Fintuple in building overall market reach and driving innovation,” Anuj Kumar, Managing Director of CAMS said.