Neobank Winvesta has raised an undisclosed amount as part of its seed round from Speciale Invest, an early-stage venture capital firm, Blume Founders Fund, and Kunal Shah. The company is also in talks with institutional investors to raise more than $ 3 million in its pre-series A round.
According to the UK-based fintech firm, the funding will help start-up scale operations, including recruiting new talent to build a world-class team, as well as reinforcing technology.
The company builds cross-border banking and wealth management that enables Indians to open multi-currency accounts and invest globally.
The company’s existing investors include DailyHunt’s Umang Bedi, AZB & Partners’ Bahram Vakil, renowned board member Rama Bijapurkar, and Andre Mohamed, former Revolut head of Wealth and Commerce.
“International banking and investment has been complicated and expensive for Indians. With the vision of making this perfect and convenient, we have brought global banking and investment within the reach of every Indian investor with an easy and hassle-free process. This investment is in the run-up to our pre-Series A round, “said Swastik Nigam, founder and CEO of Winvesta.
Founded in 2019 by Swastik Nigam and Prateek Jain, Winvesta seeks to make global banking and investment accessible to Indians.
“We are excited to partner with Winvesta, who we believe is disrupting the financial services space by making global banking and investment accessible to Indian clients. With this investment, Speciale will continue to drive Winvesta’s efforts in redefinition and innovation. backed by excellence and vast experience, “said Vishesh Rajaram, Managing Partner of Speciale Invest.