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MoneyPlanned raises over 2.5cr in a Seed Round

By Leandra Monteiro

September 19, 2022

  • Asset Management
  • Certified Investment Planners
  • Funding

MoneyPlanned FinTech platform MoneyPlanned has raised over 2.5 Cr in a seed round led by Inflection Point Ventures. The round also saw participation from Expert Dojo, Joseph R Saviano (Partner at Dot Capital, Newyork), Sameer Khan (Executive Director Corporate Treasury, DBS Bank, Singapore) along with a clutch of other strategic Angel Investors.

The funds raised will be utilized towards marketing and user acquisition, deepening the tech infrastructure, and expanding the tech and business teams.

Founded in July 2020 by Certified Investment Planners, Sameer Shashank Gattupalli (Founder & CEO) and Nikhila Putcha (Co-Founder & Chief Growth Officer) who are adept in designing product experiences, 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.

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. At IPV, we invest in businesses that have the ability to scale while maintaining a healthy business matrix.”

A host of interconnected services like financial situation evaluation, portfolio and product recommendation, expense and budget advice can be done seamlessly on MoneyPlanned. The in-house creation of a full-stack Robo-advisory and mutual fund investment platform of MoneyPlanned helped users track goals worth INR 6,500 Crores. MoneyPlanned aims to disrupt the large fintech market, through its simplified and affordable app, using a patentable workflow, which helps users identify, set and track goals. It not only provides an integrated financial view but also helps facilitate investments, loans, insurance, and tax planning.

Sameer Shashank Gattupalli, Founder & CEO, MoneyPlanned said, “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.”

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