Financial advisory platform Cashvisory has successfully secured Rs 1.2 crore in a pre-seed funding round, with SucSEED Indovation Fund leading the investment. The round also saw participation from EvolveX, We Founder Circle, and angel investors such as Ashok Agrawal, Upasna Koul, and Deepika Asthana.
Founded in 2020 by Arpita Sinha and Utkarsh Chaudhary, Cashvisory stands out with its fully digital DIY platform, offering a guided user journey and simplifying complex financial concepts through a gamified approach and real-time what-if analysis. The funds raised will be utilized to execute its go-to-market strategy, introducing tailored investment portfolios that include stocks, small cases, and the launch of AI-driven mobile apps, as stated in a press release.
Based in Kolkata, Cashvisory aims to democratize quality financial advice, making it affordable and accessible for every professional. The company has experienced a remarkable 350% growth in its user base, assisting users in making their initial investments, and is now targeting a customer base of 10,000. Notable players in this space include Go4Advisory, FinEdge, Finbingo, FundsIndia, among others. SucSEED Indovation Fund, focusing on early-stage tech seed initiatives, has already invested in over 65 startups.
That’s awesome news! Cashvisory raised Rs 1.2 crore in a pre-seed round led by SucSEED Indovation Fund. Sending my best wishes to Cashvisory team.
~ Dr Shishir said Gupta founder & CEO of StartupLanes
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