About Wealth42
Wealth42 is a company based in Bengaluru (India) founded in 2019 by Nitish Varma and Ashutosh Dwivedi. It operates as a AI-as-a-Service and FinTech. Wealth42 has raised $441.18 thousand across 2 funding rounds from investors including Angel List, QED Innovation Labs and Zaan Webveda. Wealth42 offers products and services including MINT Science. Wealth42 operates in a competitive market with competitors including Iress, Planful, Link Group, Modern Wealth Management and iraLogix, among others.
- Headquarter Bengaluru, India
- Founders Nitish Varma, Ashutosh Dwivedi
- Stage Minicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name X2a Soft Labs Private Limited
- Date of Incorporation 10 Jan, 2020
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$4.81 K (USD)1.04as on Mar 31, 2023
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Net Profit
-$40.39 K (USD)-40.17as on Mar 31, 2023
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EBITDA
-$41.7 K (USD)-33.92as on Mar 31, 2023
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Total Equity Funding
$441.18 K (USD)
in 2 rounds
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Latest Funding Round
$441.18 K (USD), Seed
Aug 06, 2021
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Investors
Angel List
& 21 more
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Employee Count
Not available
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Products & Services of Wealth42
Wealth42 offers a comprehensive portfolio of products and services, including MINT Science.
A specialized engine for managing cash flow scenarios.
Funding Insights of Wealth42
Wealth42 has successfully raised a total of $441.18K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $441.18 thousand completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Wealth42
Wealth42 has secured backing from 22 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, QED Innovation Labs and Zaan Webveda.
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Venture capital funding is provided to innovative startups in India.
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Investments are directed toward early-stage startups by Zaan Webveda.
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Sequoia Capital is engaged in venture capital investments.
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Investor details for Wealth42
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Investments & Acquisitions by Wealth42
Investment portfolio details for Wealth42
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Financial Statements - Wealth42
Detailed financials for Wealth42
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Wealth42 Comparisons
Peer comparison for Wealth42
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Competitors of Wealth42
Wealth42 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Iress, Planful, Link Group, Modern Wealth Management and iraLogix, among others.
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Wealth management solutions are provided online for financial markets.
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Cloud-based financial planning and advisory solutions are provided for businesses.
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Retirement and superannuation solutions are provided, including investments and pensions.
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Wealth management services are provided to clients by the firm.
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Financial planning software for IRA recordkeeping is offered.
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Cloud-based practice management solution for financial advisors is offered.
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Detailed competitors of Wealth42
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Latest news on Wealth42
Complete news archive for Wealth42
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Frequently Asked Questions about Wealth42
Wealth42 was founded in 2019.
Wealth42 is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Wealth42 is a funded company, having raised a total of $441.18K across 2 funding rounds to date.
Annual revenue of Wealth42 is $4.81K as on Mar 31, 2023.
A platform leveraging AI for financial planning is provided by Wealth42. Optimization sciences are blended with personal finance to assist in decision-making towards goals. The MINT Science technology, a specialized optimization engine, is utilized to manage cash flow scenarios. Need-analysis is conducted by aligning client goals with financial products such as mutual funds, ETFs, and insurance plans. Complex or simple financial planning journeys are built for end-users or advisers through this configurable platform.
Wealth42 offers MINT Science.
Wealth42 has 22 investors. Key investors include Angel List, QED Innovation Labs, Zaan Webveda, Dandapani Swaminathan, and Aprameya R.
The valuation of Wealth42 is $2.43M as of Aug 2021.