WealthTech Platform PowerUp Money has collected $ 7.1 million in seed financing that was also led by Accel, Blume Ventures and Kae Capital, with the participation of 8i Ventures, DEVC and Angel Investors.
The new capital will be used to strengthen product development, improve the investment information and to scale the advice offer.
The company’s flagship offer was launched in April and are the Power Mutual Funds that help users to manage their investment fundsportfolios. Power Mutual Funds has already kept more than £ 3,000 crore in assets with more than 25,000 customers.
“Most Indian investors start with sips or one-off investments, but do not know what to do. Portfolios will continue to solve this unattended for years,” said Prateek Jindal, founder and CEO, Powerup Money. “We want to enable every investor with the right research and tools, in a way that is simple and effortless. Getting the right advice at the right time not only makes your money, but also your trust as an investor.”
Excluding membership
The company also offers an exclusive membership for investors that provides premium research and composite portfolio guidance. They also offer other power products such as Power FD that help users to gain access to the highest interest rates on their debt investments of RBI-regulated banks and NBFCs and Power Age, a tool for financial planning that helps users to work towards financial independence.
PowerUp Money is planning to board their platform on board in the next three years.
With input from Businessline Intern Nethra Sailesh
Published on June 11, 2025
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