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Wealthtech startup Infinyte.Club raises $3.6 Mn led by Elevation

Entrackr · 1m

Wealthtech startup Infinyte.Club has raised $3.6 million in a funding round led by Elevation Capital along with participation from angel investors such as Cred founder Kunal Shah, Meesho co-founder Vidit Aatrey, Unacademy co-founder Gaurav Munjal, Razorpay co-founder Harshil Mathur and others. The Bengaluru-based company had earlier raised $3.52 million from its existing investor and others back in 2022. The proceeds will be allocated towards enhancing the technology and growing the team, Infinyte.Club said in a press release. Co-founded in 2023 by Ankita Tandon and Joylita Saldanha, Infinyte.Club is designed for wealth creation and management for tech and startup employees. The platform offers access to private investment opportunities and addresses the issue of ESOP (employee stock ownership plan) liquidity for early employees of leading Indian startups. Infinyte.Club has mopped up over 40 primary and secondary deals during its private beta phase. The platform intends to attract more investors and expand its range of asset classes and looking to hit about 100,000 customers in this financial year. Recently, wealth management platform Dezerv has raised $32 million while Stable Money raised around $15 million led by RTP Capital.