MoneyPlanned raises Rs 2.5 Cr in seed round led by IPV

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MoneyPlanned raises Rs 2.5 Cr in seed round led by IPV
MoneyPlanned raises Rs 2.5 Cr in seed round led by IPV

MoneyPlanned plans use this capital for marketing activity, technology infrastructure and expanding its teams

Fintech startup MoneyPlanned has raised over Rs 2.5 crore in a seed round of funding led by Inflection Point Ventures (IPV). The round also saw participation from other investors such as Expert Dojo, Joseph R Saviano of Dot Capital, and Sameer Khan from DBS Bank Singapore, along with other angel investors.

MoneyPlanned plans use this capital for marketing activity, technology infrastructure and expanding its teams.

Founded in July 2020 by Sameer Shashank Gattupalli and Nikhila Putcha, MoneyPlanned is a personal finance platform app for millennials that offers comprehensive financial goal planning, automated advice across asset classes, simple and easy transactions along with financial footprint consolidation.

Sameer Shashank Gattupalli, Founder and CEO, MoneyPlanned said, Our mission is to create the best platform for automating financial fitness (with our patented tech) and to enable unparalleled access to a modern ecosystem of financial products and services.”

Vinay Bansal, Founder CEO, Inflection Point Ventures, said, “India has a large base of salaried people with more youngsters joining the workforce every year. Financial planning is not a luxury anymore but a necessity, that’s one of the biggest learning from the Covid pandemic. Thus, from a market opportunity perspective, MoneyPlanned’s platform is built to offer a personalised service at scale.”

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