Founded in 2018, Fintuple is a new age start-up which has launched niche technology offerings in the areas of client digital on-boarding, eKYC, fund reports, and other support digital solutions for alternative investment funds (AIF) and portfolio managers (PMS).

In a short span, Fintuple has added marquee AIF brands and Banks to its client roster and is set to expand its footprint as the gateway connecting the digitally savvy consumers to digitally enabled manufacturers and providers, via APIs.

As the market-leading service partner to the AIF and PMS segment, CAMS platform serves over 120 clients across all facets of the operations of investor servicing, fund accounting, digital and value-added services.

While the AIF and PMS segment is splintered with several service providers, CAMS's specialisation and continued enrichment to the service stack through digital enhancements have helped secure a leading market share in the domestic AIF and PMS industry. With the addition of Fintuple Technologies portfolio of offerings, CAMS is geared towards further strengthening its value proposition for AIF and PMS.

Anuj Kumar, managing director - CAMS, said, “We expect the AIF and PMS markets to grow at a CAGR of more than 15% over the next decade, and hence found investing into Fintuple as a great opportunity that will assist CAMS and Fintuple in the overall market reach and revenue diversification.

The Fintuple solution suite will ensure clients who have more bespoke needs to be serviced with ease and speed. The acquisition will further drive CAMS's vision of providing technologically superior products in the BFSI space, specifically the rapidly growing AIF and PMS segment.”

Computer Age Management Services (CAMS) is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions with over two decades of experience.

The company's consolidated net profit rose 37.03% to Rs 77.31 crore on a 27.84% increase in sales to Rs 237.71 crore in Q3 FY22 over Q3 FY21.

The scrip shed 0.96% to currently trade at Rs 2397.50 on the BSE.