PowerUp Money raises $12 Mn in Series A round led by Peak XV

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PowerUp Money, a mutual fund advisory wealthtech platform, has raised $12 million in Series A funding round led by Peak XV along with participation from existing investors Accel, Blume Ventures, and Kae Capital. The round also saw continued backing from 8i Ventures and DevC, and came just six months after the company raised $7.2 million in seed funding.

The proceeds will be utilized to strengthen its research and advisory capabilities, scale PowerUp Elite, launch PowerUp Infinite, and invest in financial literacy and investor education initiatives,…



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PowerUp Money raises $12 Mn in Series A round led by Peak XV


PowerUp Money, a mutual fund advisory wealthtech platform, has raised $12 million in Series A funding round led by Peak XV along with participation from existing investors Accel, Blume Ventures, and Kae Capital. The round also saw continued backing from 8i Ventures and DevC, and came just six months after the company raised $7.2 million in seed funding.

The proceeds will be utilized to strengthen its research and advisory capabilities, scale PowerUp Elite, launch PowerUp Infinite, and invest in financial literacy and investor education initiatives,…



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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