Wealthtech startup PowerUp Money has raised $7.1 million in its first institutional funding round, led by Accel, Blume Ventures, and Kae Capital, with additional participation from 8i Ventures and DeVC.
The company plans to use the capital to strengthen its research team, develop new advisory products, and scale customer acquisition efforts
The funding also marks PowerUp’s transition from being a product incubated within Uni Cards to an independent venture.
Founded in April 2025 by Prateek Jindal, ex-cofounder of Uni Cards, PowerUp offers a mobile-first platform that enables direct mutual fund investments with advisory support.
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One of its core features, “Power Age,” helps users estimate when they can achieve financial freedom and how much they need to save.
PowerUp operates on both free and paid subscription models. Its investment product, Power Mutual Funds, is currently tracking over ₹3,000 crore (~$350 million) in assets across 25,000+ customers, with strong month-on-month growth.
Jindal has been working on the venture since October 2023, and following the fundraise, the company has been spun off completely from Uni Cards into a standalone entity.
