Draft:BankSathi
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|  |
| Company type | Private |
|---|---|
| ISIN | INE0XZP01017 |
| Industry | Fintech |
| Founded | January 15, 2020 |
| Founder | Jitendra Singh (known publicly as Jitendra Dhaka) |
Key people | Jitendra Singh (CEO), Sandeep Kaler (CTO) |
| Products | Financial advisory, insurance, credit cards, loans |
Number of employees | 100+ (2024) |
| Parent | BS Fintech Private Limited |
| Website | www.banksathi.com |
BankSathi Technologies and Insurance Corporate Agency Private Limited (formerly BankSathi Technologies Private Limited) is an Indian fintech company that offers a range of financial products and services, including financial advisory, insurance, credit cards, and loans. The company was founded in January 2020 by Jitendra Singh, also known publicly as Jitendra Dhaka, and Sandeep Kaler. It is headquartered in Bengaluru, Karnataka, India.[1].
History
[edit]BankSathi was established on January 15, 2020, with the goal of providing accessible financial solutions to customers in India, particularly in Tier II and Tier III cities. Initially registered in Delhi, the company transitioned its operations to Bengaluru and operates under the subsidiary BS Fintech Private Limited, which was incorporated on September 10, 2021.[2][3]
In May 2021, BankSathi raised $200,000 in a seed funding round from angel investors, indicating initial investor interest in the company's model.[4]
In January 2023, the company secured $4 million in a pre-Series A funding round, backed by notable investors including Kotak Securities and LetsVenture, which supported its growth and expansion efforts[5]
Services
[edit]BankSathi's platform connects users with financial advisors, referred to as "BankSathi advisors," who assist clients in navigating various financial products. The company collaborates with over 60 financial institutions, including major banks such as HDFC Bank, Axis Bank, and SBI.[6] The services offered include personalized financial advisory, loan facilitation, and insurance solutions.[7]
Key People
[edit]- Jitendra Singh (CEO): Co-founder and CEO, responsible for the strategic direction of the company.
- Sandeep Kaler (CTO): Co-founder and Chief Technology Officer, overseeing technological development and product innovation.
See also
[edit]References
[edit]- ^ "Kotak Securities Announces investment in Fintech Startup Multipl; All You Need to Know". News18. 2022-05-21. Retrieved 2024-10-15.
- ^ "BS Fintech Private Limited registration details". Zauba Corp. Retrieved 2024-10-14.
- ^ "Trademark Registration of BankSathi™ in | Startupwala.com". www.startupwala.com. Retrieved 2024-10-15.
- ^ "Fintech Startup BankSathi raises $200,000 in Seed Round". The Hindu Business Line. 2021-05-17. Retrieved 2024-10-14.
- ^ "Kotak Securities invests Rs 5 crore in fintech startup Banksathi". The Economic Times. 2023-01-10. ISSN 0013-0389. Retrieved 2024-10-15.
- ^ "BankSathi raises $4 million to expand its platform". Economic Times. 2023-01-09. Retrieved 2024-10-14.
- ^ Rag, Ajay (2024-06-04). "InsuranceDekho in talks to acquire credit marketplace BankSathi: sources". The Economic Times. ISSN 0013-0389. Retrieved 2024-10-15.
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