[Funding alert] MoneyPlanned raises over INR 2.5 cr Seed Fund

MoneyPlanned, a fintech platform, has raised more than $2,5 million in a Seed Round headed by Inflection Point Ventures. Expert Dojo, Joseph R. Saviano (Partner at Dot Capital, New York), Sameer Khan (Executive Director Corporate Treasury, DBS Bank, Singapore), and a number of other strategic Angel Investors also participated in the round.

The money raised will go into marketing and user recruitment, strengthening the technological foundation, and growing the technical and managerial staff.

MoneyPlanned is a personal financial app for millennials that provides integrated financial goal organising, automated advice all over asset classes, simple and easy transactions. It was founded in July 2020 by Sameer Shashank Gattupalli and Nikhila Putcha.

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"Thousands of urban millennials are using MoneyPlanned to plan & invest towards their financial goals. 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," Sameer Shashank Gattupalli, founder and CEO, MoneyPlanned.

The business claimed to provide a wide range of connected services on its platform, including advise on expenses and spending plans, portfolio and product recommendations, and financial condition evaluation.

“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. At IPV, we invest in businesses that have the ability to scale while maintaining a healthy business matrix”, Vinay Bansal, Founder CEO, Inflection Point Ventures, said.

The Indian Patents Office issued MoneyPlanned's original and creative patent in July 2022, which was written by Nikhila and was titled "System and Method to assist users in Financial Planning."

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About MoneyPlanned

MoneyPlanned is a fintech platform that offers a full range of services for achieving financial objectives, including 360° financial planning, investment transactions, and ongoing goal-achievement coaching. With the purpose of developing a contemporary ecosystem of financial products & services to automate financial objectives for a financially fitter India, MoneyPlanned was founded by Sameer and Nikhila, who are experts in both the financial and technical spheres.