Funding · Financial Services

Finnovate raises $2M in pre-Series A round

By Startup Enthusiast · 26 June 2026

What they do

Finnovate helps professionals achieve long-term goals through structured investing

It raised about $2M in a pre-Series A round led by angel investor Ramakant Deshpande

The startup recently secured a PMS licence and plans to launch a Multi-Asset PMS strategy

Finnovate Financial Services, a financial-planning startup, has raised about $2M in a pre-Series A round.
The round was led by angel investor Ramakant Deshpande.
Other angel investors also participated in the round.
The startup plans to use the funds for product scaling, app and tech upgrades, marketing, and business-development push.
Finnovate recently secured a PMS licence (portfolio management service licence, which allows it to manage investments for clients).
It plans to launch a Multi-Asset PMS strategy with exposure across equities, debt, and other asset classes.

The India wealth management market is expanding as retail and professional participation rises.
Finnovate had previously raised $1M in 2023.
Securing a PMS licence positions the startup to offer more structured investment products.

Finnovate is a financial-planning startup that helps professionals meet long-term goals through structured investing.
It recently secured a PMS licence, allowing it to manage client portfolios directly.
The company plans to launch a Multi-Asset PMS strategy covering equities, debt, and other asset classes.

Finnovate plans to launch a Multi-Asset PMS strategy with exposure across equities, debt, and other asset classes.
It will use the funds for product scaling, app and tech upgrades, marketing, and business-development push.