Elever secures $750,000 in pre-seed capital
- ByStartupStory | February 9, 2022
According to a press release, Elever, a goal-based investing app aimed at helping people achieve lifestyle goals, has raised $750,000 from a group of 19 angel investors, including Massimo Vita, executive director of Asia Impact SG; Udaya Kumar, managing director and chief executive of CreditAccess Grameen; and Seetharaman Babu, regional engineering manager in a multinational.
Anshul Sharan, Ram Subramaniam, and Santosh Aiyar launched the Bangalore-based firm intending to level the playing field when it comes to money management and fulfilling lifestyle goals.
ELEVER passionately believes that every individual, regardless of financial situation or understanding, has the right to enhance their lifestyle by investing and attaining their goals, according to Anshul Sharan, co-founder, and chief executive. However, the majority of Indians, particularly non-HNIs, do not receive adequate, fair, and inexpensive assistance. We’re offering a simple and affordable artificial intelligence-driven platform to overcome this gap. The money received will be used to confirm the product-market fit and expand our workforce. Elever is fortunate to have investors that share our mission and have a long-term outlook.
Elever is a personalized goal-based investment tool that helps consumers improve their financial health and accomplish their financial objectives. Elever does this using a proprietary investment approach known as “Systematic Lifestyle Planning,” which develops, maintains, and tracks customized diversified portfolios to help consumers meet their financial objectives. According to the press release, Elever is powered by an artificial intelligence-driven network that combines over 6 million data points spanning 15 years to marry clients’ current financial condition with their future ambitions.
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