Financial wellness and literacy brand Zactor Tech has recently secured an undisclosed amount of funding in its pre-seed round at a valuation of $3 million. The round was co-led by high-net-worth individuals (HNIs). Let’s delve into the details of this exciting development.
About Zactor Tech
Zactor Tech, founded in 2023 by Abhishek Walia and Shivam Parihar, is a digital platform dedicated to personal finance. The company combines cutting-edge technology with financial expertise to provide personalized insights and recommendations. Its mission is to empower users to make informed financial decisions.
The duo, who have over 7 years of experience in wealth management, have identified a major gap in the personal finance space. They are now working towards building India’s first financial wellness platform that will provide a personalized financial path for everyone.
Funding Details
Round Type: Pre-seed
Valuation: $3 million
Investors: Co-led by HNIs
Use of Funds: The newly raised capital will be allocated towards:
- Product Development: Enhancing and expanding Zactor’s digital platform.
- Financial Literacy: Educating users on financial management.
- User Acquisition: Growing the user base.
Zactor’s Offerings
Goal-Based Saving Platform: Zactor provides a goal-oriented approach to saving, helping users maintain financial wealth.
Personalized Insights: The platform offers tailored insights and recommendations to assist users in making sound financial choices.
Modern and Intuitive Interface: Zactor’s user-friendly interface ensures that individuals can take control of their finances effortlessly.
Zactor reports a 2x increase in monthly users over the last 6 months.
Conclusion
Zactor Tech’s successful pre-seed funding round underscores its commitment to revolutionizing personal finance. With a strong focus on financial literacy and user-centric solutions, Zactor is poised to make a significant impact in the industry.