The platform, called smallcase, will work with State Street as the latter firm looks to explore how to use its wealth services in this process.

State Street Global Advisors has partnered with smallcase, the India-based model portfolios platform. 

The collaboration is part of SSGA’s $50 million investment in smallcase, which SSGA, part of US-headquartered State Street, announced recently. That investment took the form of a Series D funding round – SSGA’s first investment in India’s wealth and asset management sector.

The relationship will offer SSGA a strategic distribution opportunity for its SPDR exchange-traded funds by being featured on smallcase’s platform technology to broaden access for Indian investors seeking global investment exposures. SSGA will provide strategic support as smallcase plans for global expansion and explore ways in which State Street Corporation’s global wealth services can further that growth, SSGA said in a statement late last week.

"India remains a priority market for SSGA, and we are impressed by the innovation smallcase brings to the investment ecosystem," Yie-Hsin Hung, CEO of SSGA, said.

Founded in 2015 and headquartered in Bangalore, smallcase gives individual investors access to “smallcases” or model portfolios - curated portfolios of stocks and ETFs. Designed to make investing simple and accessible regardless of investor’s experience or financial knowledge, $16 billion-plus has been transacted in smallcases since inception.

“Our new strategic relationship with State Street Global Advisors marks a significant milestone in our journey to offer global equities exposure to our users. SSGA’s deep expertise, strong track record, and global reach make this collaboration a crucial step in our expansion into the international wealth marketplace,” Vasanth Kamath, co-founder and CEO, smallcase, said.