# WealthApp Financial Advisors Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wealthapp-financial-advisors-pvt

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.wealthapp.com
- Latest round: Angel (Jun 2, 2016)
- Investors on record: 1

## About

Founded in 2016 and based in Karnataka, India, WealthApp Financial Advisors Pvt. Ltd. provides online financial and investment advice to individuals. In December 2016, WealthApp Financial Advisors Pvt. Ltd. raised INR 30 million in angel funding from individual investors and in March 2021, WealthApp's mutual fund distribution business was acquired by CashRich, a prominent wealth-tech firm. 

WealthApp operates an online platform that provides investment advisory services for users to select and invest in mutual funds in India. The company’s robo advisor software provides online financial advises and creates personalized mutual fund portfolio plans across equity funds, debt funds, one-time and systematic investment plan investment modes that are tailored to user’s investing preferences. The investing references are formulated by the robo advisor by asking users a list of basic investment and finance-related questions such as age, current assets, long-term goals, investment risk tolerance, and processing their answers with its automated algorithm.

Wealthapp Financial Advisors' operating revenues were under INR 1 crore for the financial year that ended on 31 March 2019 and Its EBITDA increased by 29.75 % over the previous year. In the same year, the company's book networth decreased by -86.22 %. 

The company plans to merge its asset under management with the existing asset under the management of CashRich.

## Funding rounds

- Angel, Jun 2, 2016 — NuVentures

## Investors

- NuVentures (https://capitalatlas.ai/funds/nuventures) — Angel