Curie Money Secures $1.2 Million in Seed Funding to Propel Fintech Advancements
Fintech venture Curie Money has successfully garnered .2 million in a seed funding round, led by India Quotient, with additional support from various angel investors and institutional backers.
Strategic Investment for Growth Enhancement
The funds raised will be directed towards strengthening the core team, accelerating product development, upgrading technological frameworks, and establishing strategic partnerships aimed at driving growth within the current account and MSME sectors, as detailed in a recent statement from Curie Money.
Innovative Banking Solution Transforming Personal Finance
founded in 2022 by Arindam Ghosh and tushar Choudhary, Curie Money is an avant-garde banking application that integrates high-yield mutual funds with payment capabilities. This platform allows users to invest in mutual funds while maintaining immediate liquidity for their transactions. It features no-minimum-balance savings accounts supported by YES Bank alongside fixed-income investment options through a partnership with ICICI Prudential Mutual Fund. By merging the advantages of mutual fund returns with traditional banking services, Curie Money offers a unique financial experience.
Revolutionizing Wealth Management for High-Net-Worth Individuals
Based in Bengaluru, Curie Money enables instant redemption of mutual funds during payment processes, thereby transforming personal wealth management specifically designed for high-net-worth individuals. Notable features include zero balance requirements, fully digital onboarding experiences, and advanced tools aimed at improving financial efficiency.
Aligning Liquidity Requirements with Investment Returns
Curie Money’s objective is to connect liquidity needs with investment returns seamlessly so that users can manage their wealth effortlessly. The platform combines appealing yields from mutual funds—typically ranging between 7% and 8%—with the convenience provided by savings accounts. Recently authorized by NPCI (National Payments Corporation of India), it is now positioned to operate as a Third Party Application Provider (TPAP) for UPI services.