Banksathi Technologies Pvt Ltd, a Delhi-based fintech startup, announced on Monday that it had raised Rs 4 crore in funding from Hem Angels and renowned entrepreneurs such as Dinesh Godara (Founder, TREAD Fitness), Anuj Ahuja and Aditya (Founders, Talwar – StudyBase), and Rajendra Lora (Founder, Talwar – StudyBase)
According to the corporation, the new cash will be spent in sales and marketing, operations, and technology. BankSathi’s seed investment round was previously funded by Hem Angels. Nasscom 10000 Startups served as a virtual incubator for the company.
Jitendra Dhaka, CEO and Founder of BankSathi, said, “The funding comes as a big boost for us, especially at the time when many fintech startups and players are struggling to meet the basic demands amid pandemic crisis. The inflow of Rs 4 crore funding clearly signifies the kind of trust and belief investors have in BankSathi as a fintech product.”
“BankSathi is geared up to grow in leaps and bounds since it is one the rare fintech platforms where customers are guided to the right financial product from the right bank or NBFC. Moreover, enabled by AI, it is also a thoughtfully accented concept where individuals (from all the profiles) are offered career options as a financial advisor and make income flexibly,” he added.