PowerUp Money raises $10M to expand AI-led wealth management
PowerUp Money, a wealthtech platform with over 1.5 million users, secured $10 million in funding from Flourish Ventures with participation from Peak XV Partners, Accel, Blume Ventures and others. The company plans to develop its AI-powered wealth management platform and expand managed advisory services. It recently launched Elite Prime, an AI-enabled digital wealth advisory service that assesses investors' goals and risk appetite to recommend asset allocation and portfolio strategies. The platform's Elite subscription service has crossed 100,000 paid members in under a year.
Key points
- $10M funding round led by Flourish Ventures for AI platform expansion
- 1.5M+ users tracking mutual funds worth Rs 2.5 lakh crore on platform
- Elite Prime AI advisory launched to provide comprehensive financial planning
- Elite subscription crossed 100,000 paid members in under a year
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