Ascent Business

Singapore, Singapore Founded: 2013 • Age: 13 yrs
AI-driven bank reconciliation and escrow solutions are offered for businesses.
Annual revenue $994,358 Latest available
Total funding - 1 rounds
Employees 61 Tracked headcount
Investors - Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

About Ascent Business

Ascent Business is a company based in Singapore (Singapore) founded in 2013 by Kundan Shekhawat. The company has 61 employees as of April 07, 2024. Ascent Business offers products and services including Escrow Account Management Platform, Financial Reconciliation Management Platform, and AI Governance Risk & Compliance Management Platform. Ascent Business operates in a competitive market with competitors including EXIGER, Riskified, CyberGRX, Riskonnect and ObserveIT, among others.

  • Headquarter Singapore, Singapore
  • Employees 61 as on 07 Apr, 2024
  • Founders Kundan Shekhawat
  • Sectors
    Financial Services
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Ascent Risk & Resilience Software Private Limited
  • Date of Incorporation 05 Sep, 2017
  • Jurisdiction Gurgaon, Haryana, India
Operational Areas
Financial Services → FinTech & Digital Finance
Financial Services → FinTech & Digital Finance
Technology → Marketing, Adtech & Commerce Technology
Technology → Enterprise Software & Productivity Solutions
Key Metrics
  • Annual Revenue
    $994.36 K (USD)
    29.59
    as on Mar 31, 2022
  • Net Profit
    -$50.3 K (USD)
    71.91
    as on Mar 31, 2022
  • EBITDA
    -$21.25 K (USD)
    83.27
    as on Mar 31, 2022
  • Latest Funding Round
  • Investors
  • Employee Count
    61

    as on Apr 07, 2024

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Products & Services of Ascent Business

Ascent Business offers a comprehensive portfolio of products and services, including Escrow Account Management Platform, Financial Reconciliation Management Platform, and AI Governance Risk & Compliance Management Platform.

Primary

Platform for managing escrow accounts in banking transactions securely.

Tool for reconciling financial data and ensuring regulatory compliance.

AI-driven system for handling governance, risk, and compliance tasks.

People of Ascent Business

Headcount 50-200
Employee Profiles 4
Board Members and Advisors 2
Employee Profiles
People
Kundan Shekhawat
Founder & CEO
People
Ankit Tyagi
Head Of Strategy
People
Shashidhar Vanapalli
Managing Director – Middle East, Africa & Europe (growth & Partnerships)
People
Subhash Gurjar
Chief Operating Officer

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Board Members and Advisors
people
Vikash Varma
Independent Board Member & Advisor
people
Siddharth Kohli
Board Member

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Funding Insights of Ascent Business

  • Total Funding
  • Total Rounds 1
  • Last Round
  • First Round
  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2021 Amount Seed - Ascent Business Valuation

investors

Investments & Acquisitions by Ascent Business

Investments

Financial Statements - Ascent Business

Ascent Business Comparisons

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Competitors of Ascent Business

Ascent Business operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EXIGER, Riskified, CyberGRX, Riskonnect and ObserveIT, among others.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Third-party risks and supply chains are managed via AI platform.
domain founded_year HQ Location
AI-based fraud prevention for e-commerce payments is provided.
domain founded_year HQ Location
Cloud-based risk assessment and management solutions are provided for enterprises.
domain founded_year HQ Location
Cloud-based risk management solutions are offered for the insurance sector.
domain founded_year HQ Location
Insider threats are detected and managed via user behavior analytics.
domain founded_year HQ Location
Accounts reconciliation solutions

Latest news on Ascent Business

Frequently Asked Questions about Ascent Business

Ascent Business was founded in 2013 and raised its 1st funding round 8 years after it was founded.

Ascent Business is headquartered in Singapore, Singapore.

Kundan Shekhawat is the current CEO of Ascent Business. They have also founded this company.

As of Apr 07, 2024, the latest employee count at Ascent Business is 61.

Annual revenue of Ascent Business is $994.36K as on Mar 31, 2022.

Ascent Business was founded in 2013 in Singapore, focusing on AI technologies for financial operations. Automated reconciliation is handled through AutoRECN, while escrow and trust accounts are managed via AutoESCROW for property management and homeowners. Risk assessment and crisis management are supported by AutoBCM, encompassing business impact analysis, continuity planning, testing, emergency response, and recovery strategies in the fintech sector.

Ascent Business's top competitors include Riskified, EXIGER and RapidRatings.

Ascent Business offers Escrow Account Management Platform, Financial Reconciliation Management Platform, and AI Governance Risk & Compliance Management Platform.

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