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
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Ascent Risk & Resilience Software Private Limited
- Date of Incorporation 05 Sep, 2017
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$994.36 K (USD)29.59as on Mar 31, 2022
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Net Profit
$-50.3 K (USD)71.91as on Mar 31, 2022
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EBITDA
$-21.25 K (USD)83.27as on Mar 31, 2022
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Latest Funding Round
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Investors
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Funding Insights of Ascent Business
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Seed - Ascent Business | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Ascent Business
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ascent Business
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ascent Business Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Third-party risks and supply chains are managed via AI platform.
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| domain | founded_year | HQ Location |
Cloud-based risk assessment and management solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based risk management solutions are offered for the insurance sector.
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| domain | founded_year | HQ Location |
Insider threats are detected and managed via user behavior analytics.
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| domain | founded_year | HQ Location |
Accounts reconciliation solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ascent Business
Frequently Asked Questions about Ascent Business
When was Ascent Business founded?
Ascent Business was founded in 2013 and raised its 1st funding round 8 years after it was founded.
Where is Ascent Business located?
Ascent Business is headquartered in Singapore, Singapore.
Who is the current CEO of Ascent Business?
Kundan Shekhawat is the current CEO of Ascent Business. They have also founded this company.
How many employees does Ascent Business have?
As of Apr 07, 2024, the latest employee count at Ascent Business is 61.
What is the annual revenue of Ascent Business?
Annual revenue of Ascent Business is $994.36K as on Mar 31, 2022.
What does Ascent Business do?
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.
Who are the top competitors of Ascent Business?
Ascent Business's top competitors include Riskified, EXIGER and RapidRatings.
What products or services does Ascent Business offer?
Ascent Business offers Escrow Account Management Platform, Financial Reconciliation Management Platform, and AI Governance Risk & Compliance Management Platform.
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