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Bengaluru fintech MF distribution firm MoneyPlanned has raised over 2.50 crore in a funding round led by Inflection Point Ventures.
Founded in July 2020 by CFPs, Sameer Shashank Gattupalli, Founder & CEO and Nikhila Putcha, Co-Founder & Chief Growth Officer, MoneyPlanned is a personal finance platform app for millennials that offers financial products across asset classes.
In a press release, the robo distribution firm said that it has patented their “System and Method to assist users in Financial Planning” by Indian Patents Office in July 2022.
The company said that the funds will be utilized towards marketing and user acquisition, deepening the tech infrastructure and expanding the tech and business teams.
Apart from mutual funds, the company offers host of services like financial situation evaluation, portfolio and product recommendation, expense and budget advice.
Sameer said, “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.”
