A UAE-based asset management firm plans to raise up to $50 million to support an Indian FinTech firm's gold-backed private credit strategy as part of its business expansion plans.
Aditum Investment Management, based at Dubai International Financial Centre, will raise about $25 million from investors in the first tranche for Wizz Financial's gold lending programme in India, Manoj Mahadev, Aditum's head of investments told The National.