Debt

Debt financing

Neobanking platform Jupiter raises Rs.25-Cr from Alteria Capital

Entrackr  

Mumbai-based neobanking platform Jupiter has raised INR 25 crore debt from Alteria Capital. This is the first fundraise for the company in 2022. Founded by Jitendra Gupta, Jupiter offers digital savings bank accounts with in-built money management features like real-time spend insights, tracking liquid assets across bank accounts, personalized savings goals, and sending/receiving funds via UPI. The platform claims to have onboarded close to 800,000 users as of March and has partnered with the Federal Bank to provide bank accounts to its customers.