Payslip mgmt enabler Mool raises funding from Pontaq-STPI fund

Bengaluru-based Mool Innovation Labs has raised a seed round of funding from Next Generation Incubation Scheme (NGIS) of Software Technology Parks of India (STPI) that is managed by VC firm, Pontaq. Mool operates as a SaaS-based tax saving and salary optimisation product. It employs smart algorithms and machine learning technologies to personalise finance and taxation and offers smarter investment and borrowing options. The raised funds will be used to enhance the firm's go-to-market strategy, product development, and for expanding the team.