Zactor Tech, a financial wellness and literacy brand, has successfully raised an undisclosed amount of funding in its pre-seed round, reaching a valuation of $3 million. The funding round was co-led by High Net Worth Individuals (HNIs).
The raised funds are earmarked for key areas such as product development, user acquisition, and advancing financial literacy initiatives, according to a press release from Zactor.
Established in 2023 by co-founders Abhishek Walia and Shivam Parihar, Zactor operates as a digital platform focusing on personal finance. The company aims to modernize personal finance using technology, covering various aspects such as Goals, Investment, Retirement, and Insurance Planning.
Leveraging over 7 years of combined experience in wealth management, the founders identified a significant gap in the personal finance sector. Zactor aspires to create India’s inaugural financial wellness platform, offering personalized financial paths for individuals.
Zactor provides a goal-based saving platform, enabling users to effectively manage and grow their financial wealth. The company reports a noteworthy monthly user growth of 2x over the past six months.
