Fintech Startup Volt Money Raises $1.5 Million in Pre-Seed Funding to Revolutionize Liquidity Access
Volt Money, a fintech startup that provides instant secured loans against mutual funds, has successfully raised $1.5 million in pre-seed funding. The funding round was led by Titan Capital and All In Capital, with notable participation from investors including Praveen Jadhav (Raise Ventures), Aditi Kothari (DSP Adiko Holdings), Gemba Capital, Kunal Shah (Cred), and Ashish Kehair and Rahul Jain (Nuvama Wealth).
The primary focus of Volt Money’s platform is to empower mutual fund investors by offering them the ability to unlock cash in just 10 minutes, with favorable terms such as low interest rates, interest-only EMIs, and no pre-payment charges. By doing so, Volt Money aims to provide investors with convenient access to liquidity without the need to sell their mutual funds.
Expressing enthusiasm about the successful funding round, Lalit Bihani, co-founder and CEO of Volt Money, stated, “We are thrilled to announce this funding round, which will help us to accelerate our growth and reach more investors. We believe that our platform has the potential to revolutionize the way that investors access liquidity, and we are grateful for the support of our investors as we work to make that a reality.”
The newly secured funds will primarily be utilized to recruit key personnel for product development and establish valuable partnerships. Additionally, Volt Money plans to expand its product offerings beyond secured loans against mutual funds to include loans against gold and real estate.
Praveen Jadhav, managing partner of Titan Capital, expressed confidence in Volt Money’s potential, stating, “We believe that Volt Money has the potential to be a major player in the fintech space. The company’s team has a deep understanding of the mutual fund industry, and its platform is well-positioned to meet the needs of investors who are looking for a convenient and affordable way to access liquidity.”
Volt Money is currently in the process of onboarding new investors and plans to launch its platform to the public in the coming months. Lalit Bihani further added, “We are excited to use this funding to bring our platform to more investors and help them achieve their financial goals. We believe that Volt Money has the potential to be a game-changer in the financial services industry.”
Praveen Jadhav concluded by expressing confidence in Volt Money’s ability to disrupt the traditional lending market, stating, “We are confident that Volt Money will be successful in disrupting the traditional lending market. The company’s team has the experience and expertise to make this happen.”
Volt Money’s platform presents a welcome addition to the fintech landscape, providing investors with a seamless and efficient means to access liquidity without the need to sell their mutual funds. This innovative solution addresses a significant need in the market and is expected to be in high demand.
The primary focus of Volt Money’s platform is to empower mutual fund investors by offering them the ability to unlock cash in just 10 minutes, with favorable terms such as low interest rates, interest-only EMIs, and no pre-payment charges. By doing so, Volt Money aims to provide investors with convenient access to liquidity without the need to sell their mutual funds.
Expressing enthusiasm about the successful funding round, Lalit Bihani, co-founder and CEO of Volt Money, stated, “We are thrilled to announce this funding round, which will help us to accelerate our growth and reach more investors. We believe that our platform has the potential to revolutionize the way that investors access liquidity, and we are grateful for the support of our investors as we work to make that a reality.”
The newly secured funds will primarily be utilized to recruit key personnel for product development and establish valuable partnerships. Additionally, Volt Money plans to expand its product offerings beyond secured loans against mutual funds to include loans against gold and real estate.
Praveen Jadhav, managing partner of Titan Capital, expressed confidence in Volt Money’s potential, stating, “We believe that Volt Money has the potential to be a major player in the fintech space. The company’s team has a deep understanding of the mutual fund industry, and its platform is well-positioned to meet the needs of investors who are looking for a convenient and affordable way to access liquidity.”
Volt Money is currently in the process of onboarding new investors and plans to launch its platform to the public in the coming months. Lalit Bihani further added, “We are excited to use this funding to bring our platform to more investors and help them achieve their financial goals. We believe that Volt Money has the potential to be a game-changer in the financial services industry.”
Praveen Jadhav concluded by expressing confidence in Volt Money’s ability to disrupt the traditional lending market, stating, “We are confident that Volt Money will be successful in disrupting the traditional lending market. The company’s team has the experience and expertise to make this happen.”
Volt Money’s platform presents a welcome addition to the fintech landscape, providing investors with a seamless and efficient means to access liquidity without the need to sell their mutual funds. This innovative solution addresses a significant need in the market and is expected to be in high demand.
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