Curie Money, a fintech startup, has secured $1.2 million in a seed funding round led by India Quotient, with additional backing from institutional and angel investors in the fintech sector. Curie Money will use the funds to expand its core team, advance product development, scale its technology platform, and build strategic partnerships. The company aims to drive growth, particularly in the current account and MSME (micro, small, and medium enterprise) segments.
Curie Money, founded by Arindam Ghosh and Tushar Choudhary, is a banking app that combines high-yield mutual fund investments with payment services. The platform allows users to invest in mutual funds while providing instant access to funds through a savings account.
Mr Ghosh, one of the Co-founders, stated that the company seeks to bridge a significant gap in personal finance in India by offering users easy access to their funds while providing returns that exceed those of conventional savings accounts.
Curie Money has collaborated with Yes Bank to offer no-minimum-balance savings accounts and ICICI Prudential Mutual Fund to provide fixed-income mutual fund options. The startup has also secured approval from the National Payments Corporation of India (NPCI) as a third-party application provider, allowing users to make UPI transactions via the Curie Money app.
According to Ghosh, users can earn up to a 7.3% compound annual growth rate (CAGR) by storing their savings in the ICICI Prudential Liquid Fund, which offers returns far exceeding those of traditional savings accounts.
“This funding is a testament to the market need for an integrated solution that combines the high returns of mutual funds with the convenience of banking. With the support of India Quotient and our investors, we are well positioned to redefine personal finance and expand our reach,” he said.
The platform, which went live with around 1,000 beta users two weeks ago, is accessible only through invite codes.
“Curie Money is at the forefront of a significant shift in the way people manage their finances. By seamlessly integrating mutual funds with banking and payments, they are empowering users to maximize their financial potential,” said Madhukar Sinha, partner at India Quotient.
Curie Money seeks to bridge the gap between liquidity and returns, enabling users to grow their wealth with simplicity and convenience. It merges the higher returns of mutual funds, typically 7–8%, with the instant accessibility of savings accounts. The company also recently received NPCI approval to function as a TPAP, allowing it to provide UPI services.
