MoneyyApp raises undisclosed amount from Quant Fund

By Leandra Monteiro

MoneyyApp, a FinTech platform empowering small businesses, digital native solopreneurs and creators in India, has raised an undisclosed amount in a pre-seed round from AngelList Early-Stage Quant Fund.

MoneyApp would use the funds to expand its operations, increase product development and create awareness around the app to get more creators and solopreneurs into its network.

The start-up has raised an angel round in June with the support of GSF Founder Rajesh Sawhney, IndiaMart founder Dinesh Agarwal, Nazara Technologies’ founder Nitesh Mittersain, BharatMatrimony founder Murugavel, along with Roshan Abbas and Guarav Kapur, Arvinder Singh Gujral ex Twitter APAC Head also participated.

“With AngelList’s Early-Stage Quant Fund, we look forward to use their expertise and track record in identifying gaps in the market that can be served by innovation. We will come up with innovative products and services and tools for digital natives and solopreneurs that can help them manage and grow their businesses,” said Fayyaz Hussain, Cofounder and CEO of MoneyApp.

The Bengaluru and Singapore-based start-up, helps creators by providing tools to improve how they run their businesses. They also help remove the income disparity often present among creators who work on similar genres, categories, and verticals.

“We are enthusiastic investors in MoneyyApp. We believe that great people build great companies and we know from our proprietary data that MoneyyApp is one of the most attractive start-ups in the world for talented job seekers,” said Abraham Othman, PhD of AngelList’s Early Stage Quant Fund.