Fintech platform Curie Money has secured $1.2 million in a seed funding round led by India Quotient, with participation from institutional and angel investors.
The new funds will be deployed to strengthen its core team, advance product development, scale technology infrastructure and establish strategic partnerships to accelerate growth and market expansion in the current account and MSME segments, Curie Money said in a press release.
Co-founded in 2022 by Arindam Ghosh and Tushar Choudhary, Curie Money is a high-yield mutual fund-backed banking app that seamlessly integrates investments and payments. Users can invest in mutual funds while enjoying instant liquidity for payments. It offers savings accounts with no minimum balance powered by YES Bank and fixed income schemes in partnership with ICICI Prudential Mutual Fund. The platform combines the returns of mutual funds with the convenience of traditional banking services.
According to the Bengaluru-based company, it enables instant redemption of mutual funds at the time of payment, thereby transforming personal cash management for high net worth individuals. Its features include no balance requirements, fully digital integration, and innovative tools for financial efficiency.
Curie Money aims to bridge the gap between liquidity and yield, allowing users to maximize their wealth with ease and convenience. It combines the higher returns of mutual funds, which typically return 7 to 8 percent, with the liquidity of savings accounts. The company recently obtained approval from NPCI to operate as TPAP and offer UPI services.
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