SALT, a cross-border payments platform for businesses, announced on Monday that it had raised $500,000 in a pre-seed round from angel investors and Indian startup entrepreneurs.
Salt, a Bengaluru-based firm co-founded by Ankit Parasher and Udita Pal in 2020, intends to empower Indian SMBs and MSMEs by simplifying banking operations and facilitating more efficient worldwide transactions.angel investors and Indian startup entrepreneurs.
Salt, a Bengaluru-based firm co-founded by Ankit Parasher and Udita Pal in 2020, intends to empower Indian SMBs and MSMEs by simplifying banking operations and facilitating more efficient worldwide transactions.
Ankit Parasher, Co-founder and CEO of SALT said,”We are at a cusp of growth in the Indian Impex industry, with the Govt pushing for a higher share in world trade to become an export hub. We require robust banking and compliance products for this industry to support the scale of transactions in a rapidly changing regulatory environment coupled with higher customer expectations.”
Prashant Pansare, Founder, Backer Capital said, “Ankit and Udita are building Salt for reducing complexities in the cross-border transactions in India. The complexities and inefficiencies in global transactions for exporters need a robust and easy-to-use solution. This simplification would enable these businesses to scale globally.”
