Fintech platform Curie Money has successfully raised $1.2 million in a seed funding round led by India Quotient, alongside other institutional and angel investors from the fintech sector.
The company aims to redefine traditional banking norms with innovative solutions targeting savings and current accounts.
The newly secured funding will be allocated to enhance Curie Money’s core team, accelerate product development, scale its technology infrastructure, establish strategic partnerships, and expand the platform’s market reach and user base.
Speaking to CNBC-TV18, Arindam Ghosh, Co-Founder of Curie Money stated, “With this fundraise, the idea is definitely to grow the current user base that we have. We have just launched in beta and also plan to grow into segments like current accounts, which have received tremendous support from the market. Current accounts currently provide 0% interest to all holders, and we believe we can make a significant impact by offering much higher yields than traditional bank accounts.”
Curie Money has positioned itself as India’s first money market account, transforming conventional savings accounts into dynamic financial tools. The platform integrates fixed-income mutual funds into users’ savings accounts, allowing them to earn higher returns while retaining the functionality of traditional banking services.
“What we have built essentially is a way in which people can gain more out of their savings accounts by keeping their funds invested in fixed income mutual funds instead of lying idle in their bank accounts. This approach allows users to enjoy all the benefits of their savings accounts while maximising their earnings,” Ghosh explained.
In a separate development, India Accelerator, a seed-stage startup accelerator, has un