Bengaluru Fintech Curie Money Secures $1.2M in Seed Funding Led by India Quotient
- ByStartupStory | December 20, 2024
Bengaluru-based fintech startup Curie Money has raised $1.2 million in a seed funding round led by India Quotient, with participation from institutional and angel investors in the fintech ecosystem. The newly raised funds will be utilized to bolster team expansion, accelerate product development, enhance technological infrastructure, and drive strategic market penetration. The company plans to focus on addressing the needs of current accounts and micro, small, and medium enterprises (MSME) segments.
Curie Money aims to bridge a significant gap in the Indian financial landscape by introducing a unique banking solution that merges the benefits of mutual fund investments with the functionality of traditional savings accounts. The platform has partnered with YES Bank and ICICI Prudential Mutual Fund to offer customers an innovative way to earn higher returns on idle cash while retaining instant payment capabilities.
The startup recently received approval from the National Payments Corporation of India (NPCI) to operate as a third-party application provider for offering UPI services. With this feature, Curie Money enables users to achieve up to 7.3% CAGR returns by depositing their savings in ICICI Prudential Liquid Fund, significantly outperforming the returns from conventional savings accounts.
Speaking about the company’s mission, Arindam Ghosh, Co-founder of Curie Money, said:
“We founded Curie Money to solve a deeply personal challenge—making savings work harder without sacrificing liquidity.”
Highlighting the innovation and growth potential of the platform, Madhukar Sinha, Partner at India Quotient, commented:
“Curie Money is at the forefront of a significant shift in the way people manage their finances. By seamlessly integrating mutual funds with banking and payments, they are empowering users to maximize their financial potential. We are excited to support Arindam, Tushar, and the team as they scale this innovative solution.”
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