Fintech startup Wint Wealth laid off 19 employees, representing about 20% of its roughly 100-person workforce, in a restructuring exercise earlier this month. The company confirmed the move was part of a regular business performance evaluation, leading to the restructuring of low-priority functions across departments like marketing, sales, and tech. This development follows Wint Wealth's recent acquisition of a majority stake in NBFC Ambium Finserve, which provides it with an NBFC license and expands its lending operations under the brand Wint Capital. Founded in 2020, the investment platform allows users to invest in fixed deposits, corporate bonds, and more, and last raised $16 million in 2022.
