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Fintech platform MoneyPlanned has raised over INR 2.5 crore in a seed round led by Inflection Point Ventures. Also participating in this round are experts Dojo, Joseph R Saviano (Partner at Dot Capital in New York), Sameer Khan (Executive Director of Corporate Finance at DBS Bank in Singapore), and a number of other strategic angel investors. Funds raised will be used for marketing and user acquisition, deepening technology infrastructure, and expanding technology and business teams.
“Thousands of urban millennials are using MoneyPlanned to plan and invest to achieve their financial goals. Our mission is to create (through our patented technology) the best platform to automate financial health and deliver unrivaled modern finance Product and Service Ecosystem,” Samir Shashank Gattupalli, founder and CEO of MoneyPlanned.
Founded in 2020 by certified investment planners Sameer Shashank Gattupalli (Founder & CEO) and Nikhila Putcha (Co-founder & Chief Growth Officer), MoneyPlanned is a platform that helps over 100,000 millennials automate their financial goals Fintech platform. With their unique technology, they are making comprehensive financial management and hyper-personalized financial planning accessible to millions of middle-class people.
“India has a huge salaried population and more young people are joining the workforce every year. Financial planning is no longer a luxury but a necessity, and this is one of the biggest lessons from the Covid pandemic. Hence, from the market From an opportunity perspective, Vinay Bansal, founder and CEO of MoneyPlanned’s platform, Inflection Point Ventures, said: “Our goal is to deliver personalization at scale. At IPV, we invest in businesses that can scale while maintaining a healthy business matrix. “
With a reported $400 billion fintech market in India with over 84 million salaried employees, the industry is only expected to grow further, with people looking to increase their wealth. Today, the industry’s robo-advisory and online financial products market is over $150 billion and is expected to grow at a CAGR of 26% and 87% adoption, and is expected to remain valued at $480 billion by 2025.