Wealthtech startup PowerUp Money raises $7 million from Accel, Blume, others

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Bengaluru-based wealthtech startup PowerUp Money has raised $7.1 million in its first major institutional funding round, led by early-stage investors Accel, Blume Ventures, and Kae Capital.

The round also saw participation from 8i Ventures, DeVC.

Founded in April by Prateek Jindal, who was previously the cofounder at Uni Cards, the startup offers direct mutual fund investments to retail investors.

“The venture was initially built as a separate platform but within Uni Cards. Post this funding round, the firm and the team have been hived off from…



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Wealthtech startup PowerUp Money raises $7 million from Accel, Blume, others


Bengaluru-based wealthtech startup PowerUp Money has raised $7.1 million in its first major institutional funding round, led by early-stage investors Accel, Blume Ventures, and Kae Capital.

The round also saw participation from 8i Ventures, DeVC.

Founded in April by Prateek Jindal, who was previously the cofounder at Uni Cards, the startup offers direct mutual fund investments to retail investors.

“The venture was initially built as a separate platform but within Uni Cards. Post this funding round, the firm and the team have been hived off from…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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