Fintech platform MoneyPlanned secures over INR 2.5 Cr. in a Seed Round led by Inflection Point Ventures. The round also saw participation from Expert Dojo, Joseph R Saviano (Partner at Dot Capital, Newyork), Sameer Khan (Executive Director Corporate Treasury, DBS Bank, Singapore) along with a clutch of other strategic Angel Investors. The funds raised will be utilized towards marketing and user acquisition, deepening the tech infrastructure and expanding the tech and business teams.

Vinay Bansal, Founder CEO, Inflection Point Ventures, says “India has a large base of salaried people with more youngsters joining the workforce every year. Financial planning is not a luxury anymore but a necessity, that's one of the biggest learning from the Covid pandemic. Thus, from a market opportunity perspective, MoneyPlanned’s platform is built to offer a personalised service at scale. At IPV, we invest in businesses that have the ability to scale while maintaining a healthy business matrix.”

Sameer Shashank Gattupalli, Founder and CEO, MoneyPlanned says, “Thousands of urban millennials are using MoneyPlanned to plan & invest towards their financial goals. 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.”

India's fintech market stands at $400 billion and with over 84 million salaried employees the sector is only expected to grow further, with people looking to grow their wealth. The industry today stands at over $150 billion market for Robo-advisory and online financial products and is expected to grow and is projected to hold a value of $480 billion by 2025.