Youth-centric neobank Galgal Money raises $1-M

Mumbai-based Galgal Money, a fintech startup, has raised USD 1 million from multiple angel investors. Started in 2021 by Harsh Chhatrapati and Arun Iyer, Galgal Money is a neo-banking platform targeting the youth. The platform offers saving tips and money management, among other services. Galgal's artificial intelligence (AI) system notifies users about their spending patterns. Galgal offers a visa prepaid card without charging a credit fee. The funds will be used to launch the app, accelerate customer acquisition, and for product development.