BankSathi raises Rs. 4 Cr led by Hem Angels
BankSathi recently announced that it raised Rs. 4 crore from existing investor Hem Angels along with a clutch of investors like Dinesh Godara (TREAD Fitness), Anuj Ahuja and Aditya (StudyBase), and Rajendra Lora (Freshokartz Agri), among others.
The fintech startup plans on using the capital raised to boost sales and marketing, operations, and technology, as per what the company stated.
BankSathi CEO and founder Jitendra Dhaka 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.”
Founded in 2020 by Jitendra Dhaka, the Delhi-based BankSathi current product offerings include saving accounts, demat accounts, credit cards, personal loans, and business loans. The startup plans on expanding its repertoire of services to include insurance as well.
“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,” Dhaka added.
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