Fintech Startup Curie Money Gets $1.2Mn In Seed Round

Curie Money, a fintech platform, has raised $1.2 million in seed funding from India Quotient, with support from other institutional and angel investors in the fintech space. 

Funding Utilisation

The funds will be used to grow the team, improve products, upgrade technology, and expand into new markets, focusing on current accounts and services for micro, small, and medium enterprises (MSMEs).

Arindam Ghosh, Co-founder of Curie Money, said, “This funding is a testament to the market need for an integrated solution that combines the high returns of mutual funds with the convenience of banking.With the support of India Quotient and our investors, we are well positioned to redefine personal finance and expand our reach.”

Read also-  Quantum Technology Startup Quanfluence Secures $2 Mn Funding

Ghosh explained that Curie Money aims to solve a major personal finance issue in India by offering higher returns than traditional savings accounts while keeping users' funds easily accessible. The company has partnered with Yes Bank to provide zero-balance savings accounts and ICICI Prudential Mutual Fund for fixed-income mutual fund options. It has also received approval from NPCI to function as a third-party app, allowing users to make UPI transactions directly through the Curie Money app.

Madhukar Sinha, partner at India Quotient, said, "Curie Money is at the forefront of a significant shift in the way people manage their finances. By seamlessly integrating mutual funds with banking and payments, they are empowering users to maximize their financial potential. We are excited to support Arindam, Tushar, and the team as they scale this innovative solution."

About Curie Money

Bengaluru based Curie Money was founded by Arindam Ghosh and Tushar Choudhary, it is a banking app that combines investments and payments. It lets users invest in mutual funds while providing instant access to their money through a savings account.

Advertisment

Funding News: Your Gateway to Every Funding Update.

Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.