India-based startup INDmoney, formerly INDwealth, has raised $75m in a recent round of funding, a report from Coverager has revealed.
The round was co-led by Tiger Global, Steadview Capital and Dragoneer. To date, the startup has raised $133m.
Founded in 2019, Indmoney is a platform that helps manage, track and get advice on financial information such as investments, loans, expenses and taxes. It also gives users wealth planning solutions as part of its premium offering. Additional premium benefits include access to life and health insurance.
The company, which describes itself as a super money app, said it has 3.5 million registered users who track more $15bn in investments.
Ashish Kashyap, founder at INDmoney, said that the consumer demand for its platform is driven by the fact the company is solving a very large and difficult problem in the financial services space and becoming the one-stop shop for finances.
“The fact that our current investors Tiger, Steadview and Dragoneer are doubling down and new investors are joining, further validates the power of the platform and the strong execution capabilities of the team,” he added.
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