Fintech startup Rupeeflo has secured $1 million in a pre-seed funding round led by the Piper Serica Angel Fund. The round also saw participation from fintech veterans Ravi Shankar (co-founder of Active AI), Kishore Natarajan, and Kedar Kulkarni (co-founder of Hyperverge).
Founded in 2024 by Dharmendra Maurya, Ashish Jha, and Manav Bharambe, Rupeeflo is building a full-stack investment and banking platform for Non-Resident Indians (NRIs), streamlining financial access to India. The startup is rolling out instant UPI access, digital NRE/NRO account applications, and paperless stock market investments—eliminating regulatory hurdles that have traditionally made investing in India complex for NRIs.
Initially focusing on the U.S. and U.K., Rupeeflo plans to expand to other global NRI hubs.
“We see this as one of the biggest untapped opportunities in fintech. In the USA alone, NRIs have over $300 billion in low-yield savings overseas because investing in India has been too complex. We are fixing the problem so that they can participate in India’s future instead of just watching from the sidelines,” said co-founder Ashish Jha.
With its fresh capital, Rupeeflo aims to enhance its platform, expand its reach, and simplify wealth creation for NRIs worldwide.
About Piper Serica: Piper Serica is an asset management firm investing in India’s public and private markets. It manages a SEBI-registered PMS, advises an offshore fund, and oversees the Piper Serica Angel Fund, with assets exceeding Rs 1,000 crore.
