Pluto Money
About Pluto Money
Pluto Money offers a goal-based savings platform that enables middle-income Indians to save for specific financial objectives, such as home purchases or education, through automated contributions and flexible payment options. By providing a secure environment with zero joining fees and the ability to withdraw funds at any time, Pluto Money addresses the challenge of financial planning and wealth accumulation for its users.
```xml <problem> Many middle-income individuals in India lack access to platforms that facilitate saving for specific financial goals, such as purchasing a home or funding education. Traditional investment options can be complex and may not align with the needs of those seeking a straightforward way to accumulate wealth for future objectives. </problem> <solution> Pluto Money is a goal-based savings and investment platform designed to help middle-income Indians achieve their financial aspirations through automated savings and investment options. The platform enables users to define personalized goals, such as saving for a wedding, car, or home, and set up recurring contributions via UPI autopay. Pluto Money offers investment options including digital gold and silver, as well as fixed-return instruments, with the flexibility to withdraw funds at any time after 24 hours. By simplifying the investment process and providing a user-friendly interface, Pluto Money aims to bridge the gap between saving and investing, making wealth accumulation more accessible. </solution> <features> - Goal-based savings: Users can set specific financial goals and track their progress. - Automated savings: Recurring investments can be scheduled daily, weekly, or monthly. - UPI integration: Seamlessly link PhonePe, GooglePay, or Paytm accounts for automated payments. - Digital gold and silver investments: Invest in 24K digital gold and silver with small denominations. - Fixed-return options: Access fixed-return investments with varying lock-in periods. - Real-time tracking: Monitor investment performance and portfolio value within the app. - Instant withdrawals: Withdraw savings at any time after a 24-hour holding period. - Referral program: Earn rewards by inviting friends to join the platform. </features> <target_audience> Pluto Money primarily targets middle-income individuals in India who are looking for a simple and automated way to save and invest for specific financial goals. </target_audience> <revenue_model> The platform generates revenue through returns on investments in digital gold and silver, as well as fixed-return instruments. </revenue_model> ```
What does Pluto Money do?
Pluto Money offers a goal-based savings platform that enables middle-income Indians to save for specific financial objectives, such as home purchases or education, through automated contributions and flexible payment options. By providing a secure environment with zero joining fees and the ability to withdraw funds at any time, Pluto Money addresses the challenge of financial planning and wealth accumulation for its users.
Where is Pluto Money located?
Pluto Money is based in Bengaluru, India.
When was Pluto Money founded?
Pluto Money was founded in 2023.
How much funding has Pluto Money raised?
Pluto Money has raised 380000.
Who founded Pluto Money?
Pluto Money was founded by Danish Mohd and Reev Ranj.
- Danish Mohd - Co-Founder/CEO
- Reev Ranj - Co-Founder
- Location
- Bengaluru, India
- Founded
- 2023
- Funding
- 380000
- Employees
- 14 employees