Bengaluru: Financial planning platform Finnovate has secured $2 million in a Pre-Series A funding round from a group of angel investors, marking a significant milestone in its growth journey and reinforcing its position in India’s rapidly expanding wealth management ecosystem.
The latest investment follows the company’s $1 million funding round in 2023 led by Ramakant Deshpande and other angel investors. The fresh capital will be used to scale operations, strengthen its mobile application and technology infrastructure, expand marketing initiatives, and accelerate business development efforts.
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Founded by Nehal Mota and Naveen Singh, Finnovate offers structured financial planning and personalized wealth management solutions aimed at helping individuals achieve their long-term financial goals.
As part of its expansion strategy, the company has also secured a Portfolio Management Services (PMS) licence, enabling it to broaden its wealth management offerings through the launch of Multi-Asset PMS Strategy.
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With the latest funding, Finnovate aims to deepen its market presence, enhance its technology-driven platform, and capture a larger share of India’s fast-growing investor community as demand for digital wealth management solutions continues to rise.
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