The fintech startup will use this capital to expand its team and launch operations in new cities.
6th February 2020, Bengaluru: Fintech platform SuperMoney has raised $1 million (Rs 7 crore) from early-stage investor Unitus Ventures.
Aiding millions of India’s households to access financial security
The startup plans to utilize the capital to strengthen its team across technology, business development and back-end operations besides expanding operations beyond the 12 cities it is currently operational in.
Mumbai-based SuperMoney was founded by private equity and risk management professionals Shiv Nandan Negi and Nikhil Banerjee and began operations in January 2018. The company caters to gig economy and blue-collar workers offering them a suite of financial products focused towards customized credit, savings and insurance solutions. SuperMoney’s typical customers include cab drivers, delivery personnel, shop floor workers and other blue collar staff employed by corporations.
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