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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