# Truly Financial funding: rounds and investors

> Truly Financial has raised $5K across 1 round since 2019. Investors include Kunal Shah and DMZ. Every round with its source.

Source: https://millionrounds.com/company/truly-financial (Millionrounds; every figure on the page links to its filing or article)

[Funded startup](https://millionrounds.com/companies)

# Who invested in *Truly Financial*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial Services

Funding summary Updated 26 Oct 2026

**$5K** raised across 1 round since 2019, from 1 source

- **Latest round:** Grant, $5K Oct 2019
- **Investors:** 2

See who backed them

## The rounds

- **Oct 2019** Grant **$5K** [Kunal Shah](https://millionrounds.com/fund/kunal-shah) [DMZ](https://millionrounds.com/fund/dmz-ventures) Source recorded

## Founders and team

From Truly Financial's own website: 1 founder, 2 on the team.

**Kanchan Kumar** Co-founder & CEO

- **Pawneet Abramowski** Chief Compliance Officer
- **Frank Mastrangelo** Executive Chairman

## Everyone who backed them

[Kunal Shah](https://millionrounds.com/fund/kunal-shah) Angel **1** round

[DMZ](https://millionrounds.com/fund/dmz-ventures) Accelerator **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=truly-financial).

## Also claim to have backed them

This firm lists Truly Financial as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Supermorpheus](https://millionrounds.com/fund/supermorpheus) VC firm Per its own site

## Quick answers about Truly Financial

### Who invested in Truly Financial?

Truly Financial's investors include Kunal Shah and DMZ.

### How much has Truly Financial raised?

Truly Financial has raised $5K across 1 round since 2019.

### When did Truly Financial last raise?

Truly Financial's most recent round was a Grant of $5K in Oct 2019.

### What was Truly Financial's biggest round?

Its most recent round, $5K in Oct 2019, is also its largest on record.

### Who backed Truly Financial first?

Truly Financial's first round on record, in Oct 2019, was backed by Kunal Shah and DMZ.

### What stage is Truly Financial at?

Truly Financial's latest named round is a Grant, in Oct 2019.

## Companies like Truly Financial

In the same sector, and raised in the last eighteen months.

[**Matters** $5.0M · Oct 2026](https://millionrounds.com/company/matters)[**Ecofy** $41M · Mar 2026](https://millionrounds.com/company/ecofy)[**Credilio** $3.2M · Mar 2026](https://millionrounds.com/company/credilio)[**Muhlah** $7.5M · Mar 2026](https://millionrounds.com/company/muhlah)[**Complyance** $20M · Feb 2026](https://millionrounds.com/company/complyance)[**Stable Money** $25M · Feb 2026](https://millionrounds.com/company/stable-money)

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