Jupiter Money, India’s leading consumer-focused fintech platform, has successfully raised ₹115 crore in fresh funding. The round saw participation from existing investors Mirae Asset Venture Investments, BeeNext, and 3one4 Capital, along with fresh capital infusion from founder and CEO Jitendra Gupta.
The fundraise reflects strong investor confidence in Jupiter’s position as one of the few Indian fintechs offering a holistic and class-leading portfolio of money products that help customers both save and spend better. Through a single app, Jupiter provides credit cards, savings accounts, investments, loans, insurance, prepaid instruments, and more, making it the most comprehensive suite of consumer finance products in the country. Jupiter is a regulated company with RBI, SEBI and IRDAI for providing its offerings.
With the growth and maturity of its offerings, the company’s revenues grew more than 2.2X in the last financial year and are now doubling down on sustainable growth.
Jupiter has acquired over 3 million customers, with close to 60% actively engaging on the platform across its various products. More than 25% of active customers use two or more products, underscoring the growing depth of engagement within the Jupiter ecosystem. The Account Aggregator (AA) offering has also seen strong traction, with over 1 million active users, reinforcing Jupiter’s position as a preferred platform for money management. On its co-branded card with CSB Bank, customers make an average of 24 transactions per month, with more than 150,000 cards issued to date, highlighting its growing adoption as a primary spending instrument.
The company also operates an NBFC platform, backed by direct investments from Peak XV, Z47, Tiger Global, Beenext, and QED, to support its lending operations and plans to scale this business into a comprehensive lending suite, including personal loans, SME loans, and secured lending products.
Jupiter remains focused on achieving operational breakeven within the next 24 months, while continuing to grow responsibly and doubling its user base over the next 2-2.5 years. The company is also leveraging artificial intelligence to drive cost efficiencies and enhance customer experience through personalized, intelligent financial solutions tailored to individual user needs.
“We are building the go to money app for India’s millennials- transparent, inclusive and truly helpful in everyday life. This round gives us the boost to scale responsibly while keeping our promise of making money simpler for millions of Indians.” said Jitendra Gupta, Founder & CEO of Jupiter Money.
