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[Funding alert] Fintech startup SuperMoney raises $1M in pre-Series A from Unitus Ventures

[Funding alert] Fintech startup SuperMoney raises $1M in pre-Series A from Unitus Ventures
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Mumbai-based fintech platform SuperMoney has raised $1 million (Rs 7 crore) in pre-Series A round of funding from early-stage investor Unitus Ventures

Nikhil Banerjee, Co-founder, SuperMoney, said,

“The blue-collar consumer and the emerging gig-economy segments are today not serviced by traditional banks and NBFCs, and this is the $100 billion market opportunity that we are tapping into.”

The startup plans to utilise the funds to strengthen its team across technology, business development, and back-end operations besides expanding operations beyond the 12 cities it is currently operational in. 

Nikhil Banerjee, Co-founder, SuperMoney

Started in January 2018 by private equity and risk management professionals Shiv Nandan Negi and Nikhil Banerjee , SuperMoney caters to gig economy and blue-collar workers offering them a suite of financial products focused towards customised credit, savings, and insurance solutions.

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