FinTech Startup Sqrrl Raises Pre-series A Funding
Gurgaon-based startup Sqrrl Fintech has raised USD 1 million in their Pre-Series A funding round from Equanimity Venture Fund. Launched in March 2017 by trio Samant Sikka, Dhananjay Singh and Sanjeev Sharma the app is aimed at helping young Indians to build the habit of savings and investments.
Post this funding round, Rajesh Sehgal, the Managing Partner of Equanimity Investments, will join the board of Sqrrl Fintech.
It allows users to invest in high performing (zero-commission) mutual funds based on their investment needs, risk horizons & goals. Further, with a feature to round up your spending to INR 100 or INR 500, Sqrrl automatically invests the leftover amount, making it extremely convenient for the young generation to save while they spend.
Sqrrl is a mobile app only ap...