Wealthtech startup PowerUp Money secures $12 million funding from Peak XV Partners, others

Bengaluru-based wealthtech startup PowerUp Money has secured $12 million in a fresh funding round led by Peak XV Partners, with existing investors Accel, Blume Ventures and Kae Capital participating. While Peak XV Partners pumped in $7 million, the remaining $5 million came from the existing investors.

This is the second fundraise for the startup, which had secured $7 million in June in its first institutional fundraise.

The round comes at a time when the Indian wealthtech ecosystem is gaining attention from venture investors, who are enthused by the…