Wealthtech Firm Neo Raised $48 Mn In Funding Round Led By MUFG, Euclidean Capital

Neo, a fast-growing wealthtech firm in the space of wealth and asset management, announced that it had closed $48 million in Series B funding.

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The event was led by MUFG Bank, along with New York-based Euclidean Capital LLC. Peak XV Partners joined as an existing investor in this round.

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The company plans to use this new money aggressively to grow the wealth management business and enhance the asset management business.

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Neo is based in Mumbai, and has found a niche by offering advisory and yield-based investment solutions to high and ultra-high net worth individuals, including indigenous family offices.

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