Raise Financial Services, the fintech firm behind trading platform Dhan, has appointed veteran finance professional Amit Gupta as its new Group Chief Financial Officer (CFO). The move comes at a pivotal time for the company as it crosses a $100 million annual revenue run rate and reportedly gears up for a mega fundraise that could value the startup at over $1 billion.

Gupta brings with him over two decades of experience in financial services, having previously served as Group CFO at Arka Fincap and held leadership roles at Indostar Capital Finance and ICICI Bank. In his new role, he will lead Raise’s finance strategy, oversee capital allocation, and help drive scalability across the company’s expanding portfolio of businesses.

Founded in 2021 by Pravin Jadhav, Raise Financial Services is building a comprehensive financial services ecosystem. Its flagship platform Dhan is designed for high-frequency and professional traders, competing directly with incumbents like Zerodha, Groww, and Upstox. The company also runs Upsurge.club, a stock market learning platform, and earlier this year acquired financial content startup Filter Coffee to strengthen its media and educational capabilities.

The appointment underscores Raise’s intent to solidify its financial backbone as it navigates its next phase of growth. In 2022, the startup raised $22 million from marquee investors including Mirae Asset Venture, Beenext, and 3one4 Capital. According to media reports, Raise is now in advanced talks to raise $190–200 million in a new funding round, likely pushing its valuation into unicorn territory.

With Gupta at the financial helm and momentum building across business verticals, Raise is positioning itself as a formidable force in India’s rapidly evolving fintech landscape.