MoneyPlanned Raises Over INR 2.5 Crore Seed Fund

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MoneyPlanned, the fintech platform, has raised over INR 2.5 crore in a seed funding round led by Inflection Point Ventures. The round also saw the participation of Dojo expert, Joseph R Saviano (partner at Dot Capital, Newyork), Sameer Khan (executive director of corporate treasury, DBS Bank, Singapore) as well as a group of other strategic angel investors. Funds raised will be used for marketing and user acquisition, deepening technology infrastructure, and expanding technical and sales teams.

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“Thousands of urban millennials use MoneyPlanned to plan and invest towards their financial goals. Our mission is to create the best platform to automate financial fitness (with our patented technology) and enable unparalleled access to an ecosystem modern financial products and services, “Sameer Shashank Gattupalli, founder and CEO of MoneyPlanned.

Founded in 2020 by Certified Investment Planners, Sameer Shashank Gattupalli (Founder and CEO) and Nikhila Putcha (Co-Founder and Chief Growth Officer), MoneyPlanned is a fintech platform helping over 100,000 millennials automate their financial goals. With their unique technology, they are democratizing access to comprehensive financial management and hyper-personalized financial planning for millions of people in the middle class segments.

“India has a large base of earners with more and more young people joining the workforce every year. Financial planning is no longer a luxury but a necessity, it is one of the biggest lessons of the Covid pandemic. So from a market opportunity perspective, MoneyPlanned’s platform is designed to deliver personalized service at scale. At IPV, we invest in businesses that have the ability to scale while maintaining a healthy business matrix,” said Vinay Bansal, Founder and CEO of Inflection Point Ventures.

According to reports, India’s fintech market is worth $400 billion and with over 84 million salaried employees, the sector is only set to grow further as people seek to increase their wealth. The industry today represents a market of over $150 billion for robo-advisory products and online financial products and is expected to grow at a CAGR of 26% and with an adoption rate of 87% and is expected to hold worth $480 billion by 2025.

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