Curie Money: Transforming Savings with Exceptional Returns
Curie Money provides savings accounts that deliver an impressive 7.3% CAGR in interest rates by directing funds into liquid investments. This fintech start-up based in Bengaluru has successfully secured $1.2 million in seed funding from India Quotient, a venture capital firm, along with investments from various institutional and angel investors within the fintech sector.
Highlights
Strategic Expansion and Market Intent
The newly procured funds will be utilised to enhance the team, improve product offerings, upgrade technological systems, and focus on strategic growth in the market. The startup particularly aims to cater to current accounts and micro, small, and medium enterprises (MSMEs). Curie Money seeks to address a significant gap in India’s financial ecosystem by offering an innovative banking solution that combines mutual fund investments with traditional savings account features.
Collaborations for Improved Financial Solutions
Through partnerships with YES Bank and ICICI Prudential Mutual Fund, Curie Money allows users to earn better returns on their idle cash while ensuring quick payment functionality. The company has also recently gained approval from the National Payments Corporation of India (NPCI) to act as a third-party request provider for UPI services. By maintaining their savings in the ICICI Prudential Liquid Fund via Curie Money’s platform, users can attain returns of up to 7.3% CAGR, significantly higher than the rates of conventional savings accounts.
A Commitment to Financial Empowerment
“We founded Curie Money to solve a personal issue—maximising savings while maintaining liquidity,” shared Arindam Ghosh, Co-founder of Curie Money. “We are at the forefront of a financial management revolution.” Madhukar Sinha, Partner at India Quotient, praised the innovation, stating: “By seamlessly integrating mutual funds with banking services and payment systems, they enable users to realise their full financial capabilities. We are delighted to support Arindam, Tushar, and their team as they pursue this transformative solution.”
Also Read: Flipkart-backed super.money joins the UPI app competition.
