India fintech MIDASX hits best quarter, turns cash-flow positive as it scales AI-led distribution

Mumbai, February 10, 2026, 15:15 IST

• MIDASX reported a 30% jump in Q3 FY25-26 revenue, with its SaaS division reaching break-even.
• The company says it’s tied to more than 1,750 intermediaries overseeing client assets upwards of ₹2.1 trillion.
• The company’s looking to bring in more than 25 additional product manufacturers and expand its AI-driven workflows during Q4.

MIDASX on Tuesday logged its best-ever quarter, with revenue jumping 30% in Q3 of its 2025-26 fiscal. The company also reported it’s now cash-flow positive, after its software subscription segment finally hit break-even. 1

India’s wealth-tech scene is shifting gears: it’s no longer just about trading apps. The focus now is on distribution—the underlying software and infrastructure that enable advisors and product creators to sell and manage investments at scale. That’s where MIDASX comes in. Instead of chasing retail investors, the company is going after mutual fund distributors and other middlemen.

The company said in a statement it now has over 1,750 active intermediaries on its platform, who together have access to more than ₹2.1 lakh crore in assets under management (AUM) — the industry’s usual metric for client assets managed by advisers.

Co-founder and CEO Aakash Bansal called the quarter “an inflection point,” noting the shift from building to scaling and confirming the company is now cash-flow positive. 2

The company ramped up its business-to-business-to-consumer (B2B2C) marketplace—selling via other businesses to reach end customers—while growing its staff from 56 to over 100. It also opened a new office in Mumbai with capacity for 100 seats.

MIDASX is launching a set of AI-driven tools for advisers, introducing what it’s branded as “Portfolio Genius” and “Agent M,” both geared to surface portfolio insights and research. The company is also leaning into a freemium strategy—core functions stay free, while users shell out for premium upgrades.

MIDASX aims to bring over 25 new product manufacturers onto its marketplace for the fourth quarter, while also pushing forward on AI-led workflows and lining up more than 100 in-person events and webinars throughout India to boost adoption.

According to VML’s “Future 100: Finance Trends & Insights 2026” report, finance brands are feeling the pull toward so-called “agentic” commerce, with AI agents handling purchases for consumers. But the report points out that winning in 2026 isn’t only about deploying algorithms — trust and consumer control are just as crucial. “The future of finance is about more than just algorithms,” the authors said. 3

But moving from initial expansion to real profits rarely goes smoothly. Margins could come under pressure—hiring sales staff, tightening up compliance, keeping AI within regulations, and persuading advisers to pay up all pose challenges. And if investor appetite cools when markets get choppy, things could get even tougher.

MIDASX, under the Vijya Fintech umbrella, traces its origins to founders Rajesh Soni, Bansal, Paresh Paladiya, and Anil Gupta, according to the company. Details on revenue or audited financials weren’t included in the statement.