In a seed funding round headed by India Quotient and including institutional and angel investors, fintech platform Curie Money has raised $1.2 million.

According to a press release from Curie Money, the new funding will be used to expand the company's technological infrastructure, enhance product development, fortify its core team, and form strategic alliances in order to quicken growth and penetrate the current account and MSME markets.

Curie Money is a high-yield banking app backed by mutual funds that was co-founded in 2022 by Arindam Ghosh and Tushar Choudhary. It seamlessly combines payments and investments. Investors can benefit from instantaneous payment liquidity while making mutual fund investments.

Through its partnership with ICICI Prudential Mutual Fund, it provides fixed-income schemes and no-minimum-balance savings accounts powered by YES Bank. The platform combines the ease of traditional banking with the returns of mutual funds.

The Bengaluru-based company claims that it transforms high-net-worth individuals' personal treasury management by enabling instantaneous redemption of mutual funds at the time of payment. Its attributes include completely digital onboarding, no balance requirements, and cutting-edge tools for economic efficiency.

With Curie Money, users will be able to easily and conveniently maximize their wealth by closing the gap between liquidity and returns. It combines savings account liquidity with the higher returns (usually between 7 and 8%) of mutual funds. The business recently received NPCI approval to function as a TPAP and provide UPI services.