AI-Enabled Wealthy Secures $14.5 Million in Series B Funding, Bolstering India’s Role as a Global Fintech Innovator
What is the news?
In a significant development for the financial technology sector, Wealthy, a wealth-management startup co-founded by Indian origin founders Aditya Agarwal and Prashant Gupta, has successfully raised ₹130 crore ($14.5 million) in a Series B funding news round. The investment was spearheaded by Bertelsmann India Investments and saw participation from other global and domestic investors.
The capital infusion is strategically earmarked for enhancing its core AI platform, expanding its network, and accelerating its ambitious target to onboard 50,000 independent wealth distributors.
Why is it interesting?
Wealthy’s platform is designed to provide independent financial professionals with sophisticated, AI-driven tools that were previously only available to large institutions. By automating processes like KYC and compliance using AI, the company is drastically reducing manual labor, allowing distributors to focus more on client advisory and growth.
This latest round is more than just funding news; it’s a validation of India’s capacity to develop and scale complex, regulated financial technologies. With over 6,000 distributors already managing assets worth ₹5,000 crore on the platform, Wealthy is transforming the domestic wealth landscape and creating a compelling case study of innovation for global corridors.
Read more: Wealthy raises Rs 130 crore led by Bertelsmann India Investments