Fintech firm Tartan raises $4.5 million in its Series A round of funding
- ByStartupStory | August 1, 2022
Tartan, a fintech firm, has received $4.5 million in pre-Series A fundraising from InfoEdge Ventures, WorldQuant Ventures, Varanium GenNext Fund, Naveen Kukreja’s AngelList Quant Fund, 9Unicorns, Yatra Angel Network, Emphasis Ventures (EMVC), and 500 Global.
The firm said that it had so far raised about $6 million. With the additional capital, Tartan will concentrate on growing its internal engineering staff, increasing its go-to-market operations, and improving its product offerings.
In India, Tartan claims to cover more than 20 million white-collar professionals and gig workers, and their API has received 150,000 monthly queries. The Batik employee benefits marketplace was also introduced by Tartan. Employers and HRMS software suppliers are both using the platform at the moment to give their staff streamlined benefits at a reduced price. Through a network of partners, the platform offers advantages for financial, physical, and emotional wellness.
It focuses on assisting fintech lenders and providers through Batik to develop a number of products, including earned wage access (EWA), salary-linked loans, credit card limit management, and emergency cash, and deliver them to the workforce directly through their employers.
Tartan’s CEO and co-founder, Pramey Jain said, “As more and more ambitious enterprises choose the best tools to enable them to develop and launch their goods for the workforce, one of the major pillars of the economy, over the last year, the quick adoption of our product has exceeded our expectations.”
About Tartan
Tartan, which was founded in June 2021, provides a data API (Application Programming Interface) suite via which financial institutions may access their customers’ payroll data with their authorization in order to better verify their income and work status
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