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Indmoney Raises $75M For Its Super Finance App In India

Jan 17, 2022over 3 years ago

Amount Raised

$75 Million

Description

Indian startup INDmoney has raised $75 million in a new round as it attempts to build a super finance app to become a one-stop shop for people’s investments and expenses, a top executive said on Monday.

Company Information

Company

In Dmoney

About

The startup, which is valued at about $600 million in the new round, is working to raise another $10 million from a fund, Kashyap said. The startup today allows its users to invest in mutual funds, bonds as well as stocks. The startup, which works with banks and non-banking financial institutions, is planning to further expand its product stack to offer lending and card to customers, he said. Founded in 2019, INDmoney started its journey as a wealth management app.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech