MIDASX Achieves Record Quarter with 30% Growth; SaaS Vertical Now Profitable
MIDASX, a prominent name in India’s fintech landscape, has announced a remarkable performance for the third quarter of fiscal year 2025-2026. The company reported a significant 30% growth in revenue, achieving a critical milestone as its SaaS vertical has reached breakeven (BEP).
MIDASX’s Growth Achievements
This quarter marks a pivotal moment for MIDASX, as stated by Co-Founder and CEO Aakash Bansal. He emphasized that the company is transitioning from building to scaling its operations. MIDASX is now cash-flow positive and has launched a multi-asset, AI-driven fintech ecosystem.
Key Highlights
- 30% revenue growth in Q3 FY 25-26.
- SaaS vertical achieves breakeven.
- Over 1,750 active intermediaries connected to ₹2.1 lakh crore+ in assets under management (AUM).
- Workforce expanded from 56 to 100+ employees.
- New office established in Mumbai with a capacity for over 100 employees.
Technological Innovations
MIDASX is focused on revolutionizing financial distribution in India. The integration of AI technology aims to enhance the capabilities of financial distributors. Key features include:
- Portfolio Genius for immediate insights on client portfolios.
- Agent M for deep research support.
- A personalized Digital Avatar to enhance user experience.
During this quarter, MIDASX successfully onboarded over 250 new independent financial advisors (IFAs) onto its multi-asset marketplace. This platform offers instant product access across various financial instruments, including mutual funds, stocks, bonds, and loans.
Future Plans and Expansion
Looking ahead to the fourth quarter of FY 25-26, MIDASX plans to aggressively scale its marketplace. The company aims to onboard an additional 25 product manufacturers and expand AI-led workflows. Additionally, more than 100 physical events and webinars are scheduled across India to enhance market demand.
About MIDASX
MIDASX, under Vijya Fintech, is redefining financial distribution through an open-architecture, B2B2C multi-asset marketplace. Founders Rajesh Soni, Aakash Bansal, Paresh Paladiya, and Anil Gupta are dedicated to improving client experiences through an innovative combination of technology and personal interaction.
With a rapidly growing network that serves over 5.5 lakh investors, MIDASX is positioning itself as a leader in the fintech sector, empowering financial distributors across India.
