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PowerUp Money Raises $7.1 Mn Seed Funding Led by Accel, Blume Ventures
- Wealthtech startup PowerUp Money has secured $7.1 million in seed funding from investors including Accel, Blume Ventures, and Kae Capital to democratize investment advice in India.
- The funding will be used to enhance product development, improve the investment intelligence engine, and expand goal-based advisory services.
- Founder and CEO Prateek Jindal aims to empower investors with right research and tools to manage their portfolios effectively.
- PowerUp Money offers tools like goal-based investing, portfolio tracking, and educational resources for investors, attracting over 25,000 customers managing assets worth $350 million.
- The core offering, PowerUp Elite, provides personalized portfolios for an annual fee of Rs 999 as a cost-effective wealth management alternative.
- The startup also offers products like Power FD for finding high fixed deposit rates and Power Age for financial goal-setting.
- With the goal of onboarding 10 million users in three years, PowerUp Money aims to revolutionize India's wealthtech landscape.
- Investors like Ashish Fafadia of Blume Ventures and Prayank Swaroop of Accel back PowerUp's vision of delivering high-quality advisory services.
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