Rupeeflo, a fintech platform focused on banking and investment services for non-resident Indians (NRIs), has raised US$1 million in a pre-seed funding round.

This funding was led by Piper Serica Angel Fund and included participation from fintech professionals such as Ravi Shankar, Kishore Natarajan, and Kedar Kulkarni.

Founded in 2024 by Dharmendra Maurya, Ashish Jha, and Manav Bharambe, Rupeeflo seeks to simplify access to financial services for NRIs.

The funding will enable Rupeeflo to develop a comprehensive NRI investment platform, introduce instant UPI access, and expand its services internationally.

The initial target markets are the United States and United Kingdom, with plans to expand to other regions with large NRI populations.