Mumbai: After a successful inning with Miles Software, Milan Ganatra, serial entrepreneur and investor, has announced his next venture. Milan has co-founded 1Silver Bullet, a state-of-the-art financial technology platform that makes the exchange of information between two companies simpler and secure. He will also be investing in Finalyca, a B2B alternate investment product fintech platform that empowers investors by delivering Artificial Intelligence (AI) / Machine Learning (ML)-driven performance analytics and a market place. He has made an initial investment of USD 1 million in 1Silver Bullet and USD 200,000 in Finalyca. Milan relinquished his role as the Chief Executive Officer (CEO) of Miles Software, a globally acclaimed fintech organisation, earlier this year so that he could offer disruptive solutions to the financial services sector.
Commenting on his next move, Milan Ganatra said, “To grow as an individual, we must keep finding new avenues to explore, challenges to overcome while constantly looking for innovations. My experience with creating and managing Miles Software for over 19 years has taught me that with technology on my side, innovation is inevitable. As my next step, I intend to keep working in the fintech space as I strongly believe in its power to transform the way we look at wealth management today. I aim to bring a diverse range of services and products that stand out for their competitive edge and offer the state of the art solutions to the financial services space. With 1Silver Bullet we aim to democratise the workflow by bringing businesses and technology on the same platform, enabling companies to build consumer-friendly experiences and providing them with intelligent tools to build a dynamic tech infrastructure. Finalyca, on the other hand, gives investors the power to make informed decisions.
In the next five years, we are looking at building 1Silver Bullet into one of the leading financial gateways not just in India, but other regions where there is a driving need for digitizing financial transactions. We plan to accomplish this by completely digitising all processes in this short timespan. Similarly, we aim to digitise the sales and support ecosystem for businesses with Finalyca.”
Milan will be heading 1Silver Bullet as a Chief Executive officer. He curated 1Silver Bullet to provide gateway infrastructure for a range of tech-based avenues in areas such as edutech, agritech, insurance, travel tech among others. It aims to bring standard, stability, security, and modular interoperability channels between financial service providers and businesses.
His other undertaking, Finalyca is a joint venture with PMS Bazaar. An investment-centric alternate product platform, it focuses on options like AIF, portfolio management services, market-linked debentures, unlisted equity, alternate debt among others. Milan joins the company as a board member as well as an advisor to the executive team. A B2B platform, it endeavours to help consumers with content, i.e. research, facts and detailed outline about the various alternate products/investments. This information acts as a reference point for wealth management organisations to make research-based decisions and strategically plan investment goals for end retail investors Additionally, Milan has also invested in Financepeer, an Edutech platform that helps parents/students to pay their fees in easy installments.