New-age Mumbai-based Fintech start-up Galgal Money has raised USD 1 million from angel investors. The funds will be used to accelerate customer acquisition and launch the app at a rapid time-to-market pace. The company will also work on improving customer experience.
Galgal is a Mumbai-based company founded by Harsh Chhatrapati and Arun Iyer in 2021. Galgal’s money-management app helps users get a clear idea of their spending and manage their expenses in a better way.
Harsh Chhatrapati, Founder, Galgal, explains his motivation behind developing Galgal, “While pursuing my education at Imperial College London, I found myself facing an issue that most students in this day and age face, Money Management. With stipulated pocket money and plethora of potential expenses we young adults end up getting frustrated when we see a massive difference between what we want to save and can actually achieve. This led me to want to build a feel good solution that will change banking for the youth in India, and simplify money management for all. Inspired by the Indian lemon, Galgal’s mission is to help users ‘squeeze the most out of their money’.”
Galgal claims to be a youth-centric Fintech start-up that focuses on offering efficient banking solutions and simplifying money management. Galgal uses AI to notify users when they overspend or underspend. It clearly tells you how much you spent on Shopping, Food, Utility Bills, and Entertainment.
The company also offers a pre-paid VISA card without linking your bank account. The card has no hidden charges, annual fees, or maintenance charges. The card can also be used for contactless transactions. You can then track your expenses through the Galgal app.
