The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Fintech, Software Development, Wellness and Fitness, IT Services, and Mobility marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-seed, Seed, Series A, Series B, Series B2, and Series E.

Funding News: Fintech Startup 'Rupeeflo' raises $ 1 million in Pre-Seed round

Startup: Rupeeflo

Founders: Dharmendra Maurya, Ashish Jha, and Manav Bharambe

About us: Rupeeflo is a Banking & Investment Platform for NRIs, they can bank and invest across countries with an experience that’s truly seamless and leaves you delighted every step of the way. Their mission is to address the unique financial challenges NRIs face by creating a cutting-edge platform for banking, investments, and wealth management.

Founded Year: 2024

Office: Bengaluru

Sector: Fintech

Funding Round: Pre-Seed

Investors: Piper Serica Angel Fund, Industry veterans, including Ravi Shankar (Co-Founder of Active AI), Kishore Natarajan, and Kedar Kulkarni (Co-Founder of Hyperverge).

Fintech startup Rupeeflo has raised $1 million in a Pre-Seed funding round.  The funding will be used to develop a full-stack investment platform for NRIs, introduce instant UPI access, and expand globally. With Rupeeflo, NRIs can now open an NRE/NRO account digitally in under 10 minutes and gain seamless, paperless access to Indian stock markets, mutual funds, and index funds without regulatory hurdles.

“This is one of the biggest untapped fintech opportunities. In the U.S. alone, NRIs hold over $300 billion in low-yield savings due to the complexity of investing in India. We are solving this problem so they can actively participate in India’s economic growth,” said Co-Founder Ashish Jha.

With the latest funding, Rupeeflo aims to enhance its technology, improve user experience, and simplify cross-border investments for NRIs. The company is focused on building a seamless and transparent platform.

Website: https://www.rupeeflo.com/