PowerUp Money raises $10 million to expand AI-led wealth management
Flourish Ventures leads an extension supporting new advisory products and a larger relationship management team.
PowerUp Money has raised $10 million in a financing extension led by Flourish Ventures. Peak XV Partners, Accel, Blume Ventures, Kae Capital, 8i Ventures and Z47's DeVC also participated. Founder and CEO Prateek Jindal told The Economic Times that the round valued the company at $73 million.
The Bengaluru-based company plans to invest in AI-powered wealth management and expand its team of relationship managers. Jindal described the financing as an extension of the previous round and said it should provide about three years of runway. PowerUp is building beyond mutual fund advisory, with plans to add more asset classes as it develops its wealth management offering.
Use of funds
Develop AI-powered wealth management products
Expand the relationship management team