Rupeeflo Secures $1 Million Funding to Enhance Financial Access for NRIs

Rupeeflo, a fintech startup aimed at simplifying banking and investment processes for Non-Resident Indians (NRIs), has successfully raised $1 million in a pre-seed funding round.

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The round was led by Piper Serica Angel Fund, with participation from notable fintech veterans, including Ravi Shankar, Kishore Natarajan, and Kedar Kulkarni.

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This funding marks a significant step forward for the startup, which was co-founded in 2024 by Dharmendra Maurya, Ashish Jha, and Manav Bharambe.

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Rupeeflo was founded to connect NRIs with the Indian financial system, enabling them to open NRE and NRO accounts seamlessly in under 10 minutes.

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The platform provides a paperless experience, granting access to stock markets, mutual funds, and index funds while simplifying regulatory complexities in investing.

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Rupeeflo is also targeting the international markets starting with major countries like the U.S. and the U.K.

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