Fintech SaaS startup Prosperr.io has successfully secured $4 million in a seed funding round, significantly boosting its mission to simplify tax management through artificial intelligence. The investment was led by the prominent venture capital firm Jungle Ventures, with notable participation from Yatra Angel Network and Sadev Ventures. This latest capital injection brings the Bengaluru-based company's total funds raised to an impressive $5.55 million since its inception.
Strategic Allocation of New Capital
Prosperr.io has outlined a clear strategy for deploying the newly acquired funds to fuel its next phase of growth and innovation. The capital will be primarily directed towards accelerating product development, enhancing its sophisticated AI-driven features, and strengthening its B2B sales infrastructure. The company also plans to explore expansion into adjacent financial services, with a particular focus on entering the wealth management sector.
Innovative Solutions for Financial Wellness
At the core of its offering, Prosperr.io provides an AI-powered financial operating system designed for India's workforce. The company's product suite includes the "Super Saver Plan," a subscription-based service for individuals that streamlines tax compliance and wealth planning. For corporate clients, the "CFO Stack" automates key financial processes, manages employee reimbursements, and facilitates flexible, tax-efficient benefit plans.
Transforming Tax and Compliance
The platform is engineered to address the complexities of modern financial management for both employees and employers. By automating tax deductions, filings, and corporate tax processes, Prosperr.io reduces the administrative burden and potential for human error. Its integrated solutions empower employees to optimize their savings through non-taxable benefits, creating a more efficient and transparent financial ecosystem within organizations.
Investor Confidence and Market Vision
The funding round highlights strong investor confidence in the company's vision to modernize a traditionally underserved area of finance. Rishab Malik, a partner at Jungle Ventures, noted that tax remains one of the most under-innovated layers of financial infrastructure. He emphasized that Prosperr.io is well-positioned to solve the deep, structural problems that arise as personal and business finances become increasingly complex.
A Mission to Simplify Finance
Co-founder and CEO Manas Gond articulated the company's ambition to become the go-to platform for the financial needs of salaried individuals. He stated that the goal is to create a comprehensive, subscription-based service that addresses everything from daily taxation to long-term wealth planning. This vision positions Prosperr.io not just as a tax tool, but as a holistic partner in an individual's financial well-being journey.
Demonstrating Strong Growth and Traction
Founded in 2022 by Manas Gond and Dev Kumar, Prosperr.io has already demonstrated remarkable market traction and robust growth. The company reports consistent 4x year-on-year revenue growth and boasts high client retention rates, with 80% of individual users and all of its enterprise clients remaining on the platform. This strong performance underscores the value and effectiveness of its AI-driven financial solutions in the market.
This $4 million seed funding marks a pivotal moment for Prosperr.io, equipping it with the resources to scale its innovative solutions and expand its market reach. As the company continues to enhance its AI-powered platform, it is poised to make a significant impact on how individuals and businesses in India manage taxes and financial wellness. The investment from Jungle Ventures and other key partners validates its mission and sets the stage for future growth in the competitive fintech landscape.