Financial planning platform Finnovate Financial Services has secured approximately $2 million in a pre-Series A round from angel investors led by Ramakant Deshpande and others. The funding follows the company’s successful $1 million raise in 2023 and will be used to scale operations, strengthen technology infrastructure, expand marketing efforts, and accelerate business development. Founded by Nehal Mota and Naveen Singh, Finnovate recently received its Portfolio Management Services (PMS) license and is preparing to launch a Multi Asset PMS Strategy aimed at helping investors achieve long-term wealth creation through diversified asset allocation.
