In a seed investment round headed by India Quotient and including institutional and angel investors, fintech platform Curie Money has raised USD $1.2 million.
In order to boost growth and market expansion into the current account and MSME categories, Curie Money said in a news release that the new funding will be used to fortify its core staff, progress product development, scale technical infrastructure, and form key alliances.
Curie Money, a high-yield banking app backed by mutual funds and co-founded in 2022 by Arindam Ghosh and Tushar Choudhary, effortlessly combines payments and investments. Investors in mutual funds can benefit from immediate payment liquidity. It provides YES Bank-powered no-minimum-balance savings accounts as well as fixed-income plans in collaboration with ICICI Prudential Mutual Fund. The platform blends the ease of traditional banking with the profits of mutual funds.
The Bengaluru-based startup claims that it transforms high-net-worth individuals' personal treasury management by enabling rapid redemption of mutual funds at the time of payment. Its features include totally digital onboarding, no balance requirements, and cutting-edge financial efficiency solutions.
By bridging the gap between returns and liquidity, Curie Money seeks to enable consumers to easily and conveniently optimize their money. It combines the liquidity of savings accounts with the greater earnings of mutual funds, which often yield between 7 and 8%.The business recently received NPCI approval to function as a TPAP and provide UPI services.
