Jaipur-based personal finance startup Finanjo has secured ₹1.5 crore in pre-seed funding led by AJVC, as reported by Entrackr. The investment will be used to enhance Finanjo’s AI assistant Jo, bolster decision intelligence, and expand goal-based and credit optimization features. Additionally, the funds will be allocated to strengthen the Account Aggregator infrastructure, recruit talent across various teams, scale user acquisition through partnerships, and ensure regulatory compliance.
Co-founded by Prithviraj Singh Chauhan and Pankaj Singh Chauhan, Finanjo caters to young Indian users with a behavior-centric approach. Leveraging India’s Account Aggregator framework and artificial intelligence, Finanjo provides users with a consolidated, real-time overview of their financial activities, offering data-backed advice through its platform.
Since its beta launch, Finanjo has onboarded over 5,000 users, with 500 active daily users and more than ₹25 crore in connected savings. Revenue has been generated through referrals to fixed deposits and mutual funds. This funding round marks Finanjo’s inclusion in the portfolio of AJVC, a venture capital firm known for backing various early-stage startups.
Source: Entrackr : Latest Posts