Gurugram Based FinTech Startup ‘Stack Finance’ Raises Seed Funding
Millennial finance platform Stack Finance has raised an undisclosed seed funding from SOSV and MOX (Mobile Only Accelerator).
The funding round also saw participation from AngelList India and IIIT Hyderabad Seed fund along with prominent angel investors including Ajith Karimpana (Founder and CEO of Furlenco), Rohit Chanana (former president of HeroCorp), Rebalance angels and Ujwal Boyalla (Director of Vedanshu Investments).
As per the startup, it plans to utilise the funding amount to deepen its tech infrastructure and expand the team.
Founded by Smriti Tomar in 2019, Stack Finance is a Gurugram-based fintech startup that enables a healthier financial lifestyle.
The startup does that by automating investments, expenses and borrowing under a single platform along with friends and family, with an AI-powered intelligent and personalized manager.
This smart banking platform, made for the mobile generation, is designed to help people lead healthier financial lives and automate their savings.
Talking about financial security and freedom, Smriti Tomar, Founder and CEO of Stack Finance, said,
“People work really hard for money to fulfil their goals, but being able to manage that money should not be a luxury, it’s a basic essential and more so for the millennials so they can be on right financial track from the earliest. However India currently has the biggest missing link here, there is not a single platform that gives a personalised and intelligent approach to personal finance. We at Stack aim to empower these 440 million millennials (who contribute to 70% of the household income) to achieve financial security and freedom.”
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