Startup News Magazine

FinTech start-up GoalTeller raises $500K in Pre-Series A Round

Bengaluru, February 8: GoalTeller, an automated financial planning platform, on Saturday announced the closure of its Pre-Series A funding round of half a million USD from existing investors, founders, family and friends. The round was participated in by Dr. Ranjan Pai (Chairman MEMG), Vivek Banka (Co-founder – GoalTeller), Pankaj Fitkariwala& Himanshu Bhagat (Senior Professionals from the Wealth Management Industry), Vikas Poddar (Co-founder – Ashirvad Pipes and Principal at Vikas Poddar Family Office),  Prashasta Seth (Angel Investor and Founder – Prudent Inv Managers) and Harsh Chhaparia (Partner – McKinsey & Co.). Other notable names amongst its early backers are Rainmatter (Zerodha), Kunal Shah (Founder – Cred), Raghunandan G (Ex Founder – Taxi for sure and Founder – Zolve), Vivek Hinduja – (Ex-promoter – Gokaldas Exports) and Sousthav Chakravarthy (Founder – Siply).

“I am quite excited with GoalTeller and the problem they are trying to address on democratising financial advice and believe in the team as they have done this before. Happy to be a part of their journey,” said Dr. Ranjan Pai, Chairman MEMG, on the funding round.

The biggest problem for the Indian capital markets is shallow participation. To bring the subsequent million investors into the market, they need good advice and smart financial planning tools. Helping start-ups who build for the next million investors is what excites us at Rainmatter, and we are excited to join GoalTeller on this journey.” – Nithin Kamath, CEO – Zerodha and Rainmatter.

“Having tracked GoalTeller and its progress since its inception, it gives me immense joy in participating as an investor. I am confident that GoalTeller will bring to the masses advice that has only been privy to a select few”- Vikas Poddar, Co-founder – Ashirvad Pipes and Principal at Vikas Poddar Family Office.

We are delighted to have the confidence of some of our existing investors participating in a follow-up round along with close friends and family, including ourselves. It continues to be our endeavour at GoalTeller to make comprehensive financial planning and high-quality advice accessible for everyone at a fraction of the industry cost, said – Vivek Banka and Abhisek Puglia – Co-founders @ GoalTeller

With the current capital raised, the company plans to build the team further and ramp up marketing activities.  

GoalTeller, operating under an RIA and an MFD license, is also one of the first fintech companies to go live implementing the Account Aggregator platform.