Fintech and Crypto startups

Inflection Point Ventures led a seed investment round that raised more than 2.5 crore for the fintech platform MoneyPlanned. Along with the other angel investors, the round included participation from the early-stage business accelerator Expert Dojo, Joseph R. Saviano, a partner at Dot Capital, and Sameer Khan, Executive Director of Corporate Treasury at DBS Bank, Singapore.

MoneyPlanned, a personal finance platform for millennials founded in July 2020 by Sameer Shashank Gattupalli and Nikhila Putcha, provides services like financial goal planning, automated counseling across asset classes, simple and easy transactions, and financial footprint consolidation.

Thousands of urban millennials use MoneyPlanned to plan and invest for the future. Sameer Shashank Gattupalli, Founder & CEO of MoneyPlanned, “Our objective is to develop the greatest platform for automating financial wellness (using our patented technology) and to enable unmatched access to a contemporary ecosystem of financial products and services.

The company announced that it would utilize the money for marketing and user acquisition, strengthening its technological foundation, and growing its technical and managerial staff.

Additionally, MoneyPlanned offers its consumers assistance with insurance, loans, investments, and tax preparation. The company asserted that it currently has 35,000 active monthly users and 10,000 weekly users.

“There are a lot of salaried individuals in India, and every year, more young people enter the labor sector. One of the main lessons from the Covid epidemic is that financial planning is no longer a luxury but a necessity. Therefore, from the market opportunity perspective, MoneyPlanned’s platform is designed to provide customized service at scale. According to Vinay Bansal, founder and CEO of Inflection Point Ventures, “at IPV, we invest in companies that can grow while keeping a sound business structure.”

The platform makes evaluating financial circumstances, recommending products and portfolios, and providing budget and cost guidance easier. “Users were able to track goals worth INR 6,500 Crores thanks to MoneyPlanned’s own developed full-stack Robo-advisory and mutual fund investment platform. The business claimed that MoneyPlanned’s streamlined and affordable tool, which uses a patented methodology to help users discover, create, and track objectives, hopes to disrupt the sizable financial market.

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Kshitij does business research and content writing for VCBay. Pursuing BBA from Symbiosis Center Of Management Studies (SCMS) Pune, he is skilled in Financial Modeling, Stock valuation and Microsoft Excel. He is passionate about Entrepreneurship and Finance.

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