Indian fintech platform MoneyyApp has raised an undisclosed amount in a Pre-Seed round from AngelList’s Early Stage Quant Fund.

The company will utilise the funds to expand its operations, increase product development and create awareness around the app to get more creators and solopreneurs into its network. 

Prior to this, the start-up raised an angel round in June with the support of Rajesh Sawhney, founder of GSF, Dinesh Agarwal, founder of IndiaMART, Nitish Mittersain, founder of Nazara Technologies and Murugavel Janakiraman, founder of BharatMatrimony. 

Founded in early 2022 by serial entrepreneurs Fayyaz Hussain, Mohit Goyal and Aaditya Goyal, MoneyyApp aims to provide financial help and business growth tools to small business owners and digital native creators. It claims to target 100 million digital native creators making content for social media applications including YouTube, Instagram and Upwork. 

Talking about the latest development, Fayyaz Hussain, co-founder and CEO of MoneyApp said,  “we look forward to using AngelList’s expertise and track record in identifying gaps in the market that can be served by innovation. We are aiming to come up with innovative products and services and tools for digital natives and solopreneurs that can help them manage and grow their businesses.” 

“MoneyyApp is one of the most attractive start-ups in the world for talented job seekers,” Abe Othman, senior researcher at AngelList said.