India, April 21 -- Fintech unicorn Raise Financial Services has acquired algo-trading platform Stratzy in a cash-and-stock deal. However, the parent of stock trading platform Dhan didn't disclose the financial details of the deal.

Raise said the acquisition is in line with its plans to expand in the capital markets ecosystem. The acquisition will also allow it to introduce a managed and curated algo investing layer for Dhan users.

Post the acquisition, Stratzy's leadership and other team members will continue to operate independently. The platform will integrate and partner with multiple broking platforms for providing algo trading services.

Stratzy will also focus on platform scaling through expanding its algorithmic strategies, stren...