Sources: 
India’s wealthtech ecosystem received a fresh impetus as PowerUp Money secured $7.1 million in a seed funding round.
The round was co-led by prominent investors Accel, Blume Ventures, and Kae Capital, signaling strong confidence in the startup’s potential to innovate in the personal finance space.
“This funding will accelerate our product development and market expansion,” said a company spokesperson.
The investment comes amid a broader surge in fintech and lending startups in India, with companies like Credgenics and FlexiLoans also raising significant capital.
PowerUp Money’s seed round of $7.1 million is notable for a wealthtech startup at this early stage, reflecting growing investor interest in technology-driven wealth management solutions.
This funding will enable PowerUp Money to enhance its platform capabilities and scale operations to meet increasing demand from Indian consumers seeking smarter wealth management tools.
The involvement of Accel, Blume Ventures, and Kae Capital, all experienced backers in the Indian startup ecosystem, underscores the strategic importance of wealthtech in the country’s fintech landscape.
With this capital infusion, PowerUp Money is poised to contribute significantly to the evolution of India’s wealthtech sector, which is rapidly gaining traction among investors and users alike.
Sources: Wealthtech startup PowerUp Money has raised $7.1 million in a seed funding round co-led by Accel, Blume Ventures, and Kae Capital, marking a significant boost for India’s growing wealth technology sector.
