Fintech startup BankSathi raised $200K from group of angel investors


●What is the news ?

•Fintech startup BankSathi Technologies has raised $200,000 in a seed funding round .

•The group of angel investors, includes Dinesh Godara, founder, TREAD (he had also founded Wifistudy, which got acquired by Unacademy); Rajendra Lora, founder, Freshokartz; and Anuj Ahuja and Aditya Talwar, founders, Studybase.

•The Delhi-based startup will use these funds for product development, team building and executing marketing and growth plan.


●Things to know more

• It has been founded in January 2020 by Jitendra Dhaka, Sandeep Choudhary and former banker Himanshu Pujari.

•Presetly they have more than 5,000 advisers across 700 PIN codes of India; with a total adviser income of [ ₹]75 lakh earned till now, currently they have 45 products of 15 financial institutions (FIs) in their bucket to sell, targeting 1 million advisers, and 150 products of more than 50 FIs ready to distribute through BankSathi App by the end of this financial year.

•BankSathi co-founder Himanshu Pujari says, "This brings an urgent requirement of a technology-based solution, which can help financial advisers earn more via trustable and easy to use platform."

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