Fintech Startup Wealthy Raises 240K From Tracxn Labs Founder And Others

Bangalore-based Wealthy has secured about $240K (INR 1.6 Cr) from angel investors including Abhishek Goyal of Tracxn Labs, Zishaan Hayath of Toppr, Arjun and Rohan Malhotra of Investopad, Harpreet Singh Grover of CoCubes, and Gagan Dugal of Matrix Cellular.

Bangalore-based Wealthy was founded in September 2015 by Aditya Agarwal, and made its entry into the market in February 2016. It is in the business of decoding wealth creation by offering investment related advice. It aims to help the users search for the most lucrative investment option by making the whole process personalised. It aims to facilitate wealth creation by providing investment related advice and transaction platform.

Zishaan Hayath, founder of Toppr said, “People have been waiting for investment advice that’s simple to understand, personalised and easily accessible. Wealthy makes it very easy for anyone to make their money grow. Their experience is similar to the seamless ecommerce or cab booking experience that all of us are so used to. Delightful user interface along with the ability to conclude a transaction within just 3 minutes – and without the involvement of any tedious paperwork – is a commendable achievement.”

The startup is confident of building a successful money-management platform in India. The company is already in talks with investors for the next round of fundraise that will help sharpen its technological edge and scale up its customer base.

Prior to this, Fisdom, a Bangalore-based personal finance startup, raised about $500K from angel investors including Raghunandan G and Aprameya Radhakrishna (Taxiforsure co-founders) and Sumit Jain (Commonfloor co-founder). Other startups in this sector include Finomena, Eko, Chillr and Scripbox, among others.