FypMoney, HomeGuruji, InterviewVector raise seed capital
Summary
Pockket Payment Technologies-run FypMoney has raised $2 million (Rs 14.77 crore as per current exchange rates) in a seed funding round. Founded in 2021 by former finance manager at ITC, Kapil Banwari, the Gurugram based startup offers teenagers a fintech product with features such as easy online prepaid account opening and online KYC in 3-5 minutes; issuance of virtual debit card instantly with an option to order physical cards for offline payments, as well as easy UPI transactions. “(The) seed funds raised will be utilised on product development, team building and executing marketing and growth plan,” Banwari said in a statement. San Francisco, California headquartered startup InterviewVector (IV) on Friday said it has raised an undisclosed amount in a seed funding round led by Titan Capital. First Cheque participated in the round, along with angel investors Vijay Aggarwal; Haresh Chawla, partner at True North Co; and Varun Alagh, co-founder of Mamaearth, a statement said.