Home / Business and Economy / PowerUp Money Secures $10M for AI Wealth Growth
PowerUp Money Secures $10M for AI Wealth Growth
3 Nov
Summary
- PowerUp Money raised $10 million in funding.
- The funding round was led by Flourish Ventures.
- Existing investors also participated in the funding.
Wealthtech firm PowerUp Money has secured $10 million in a new funding round, spearheaded by Flourish Ventures. The investment is earmarked for enhancing its AI-led wealth management services, with a focus on expanding personalized investment advisory to a wider audience.
Established in 2024 by Prateek Jindal, who previously co-founded Uni Cards, PowerUp Money offers mutual fund advisory services. The company currently serves over 1.5 million customers, managing portfolios valued at more than Rs 2.5 lakh crore on its platform.
This latest funding round saw participation from existing investors, including Peak XV Partners, Accel, Blume Ventures, Kae Capital, 8i Ventures, and DeVC. The investment has valued the company at $73 million, as confirmed by founder and CEO Prateek Jindal.
