Financial advisory platform Cashvisory has secured Rs 1.2 crore in a pre-seed round led by SucSEED Indovation Fund along with participation from EvolveX, We Founder Circle and angel investors like Ashok Agrawal, Upasna Koul & Deepika Asthana.
The company plans to use the funds to roll out its go-to-market strategy, offering tailored investment portfolios, including stocks, small cases and launching AI driven mobile apps, Cashvisory said in a press release.
Co-founded in 2020 by Arpita Sinha and Utkarsh Chaudhary, Cashvisory offers a completely digital DIY platform unlike traditional investment platforms and provides a guided journey for users, simplifying complex financial concepts with a gamified approach and real-time what-if analysis. It aims to democratise quality financial advice, ensuring affordability and accessibility for every professional.
The Kolkata-based company said that it has witnessed 350% growth in its user base, helped several users to make their first investment and is looking to take its customer base to 10,000. The major companies in this space are Go4Advisory, FinEdge, Finbingo, FundsIndia and others.
SucSEED Indovation Fund focuses on early-stage tech seed initiative and has already invested in more than 65 startups.