About BankSathi
BankSathi is a Financial Services company based in Bengaluru (India) founded in 2020 by Sandeep Kaler and Jitendra Dhaka. BankSathi is engaged in simplifying financial services for customers. It operates on a FinTech model. BankSathi has raised $7.63 million across 5 funding rounds from investors including Angel List, Kotak Securities and Hem Securities. BankSathi was last valued at $27.52 million in August 2022. Its chief executive is Jitendra Dhaka. Its website banksathi.com draws about 112 thousand monthly visits. BankSathi offers products and services including Credit Cards, Loans, and Savings Accounts. Its focus areas include Finance, Banking and Consumer Banking. Its competitors include GroMo, EarnWealth, Ambrela, VAKLoans and MoneyAadhaar and 1 more; 3 of its 6 listed competitors have raised funding.
Company details
BankSathi is focused on providing accessible financial solutions. Services including credit cards, loans, and savings accounts are offered. The company operates in the consumer banking sector, aiming to streamline financial management for individuals and businesses. Various financial needs are addressed through tailored products.
- Headquarters Bengaluru, India
- Founders Sandeep Kaler, Jitendra Dhaka
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website banksathi.com
- Social LinkedIn X Facebook
- Total Equity Funding$7.63M (USD)
in 5 rounds
- Latest Funding Round$4M (USD), Seed
Jan 2023
- InvestorsAngel List
& 99 more
Associated legal entities of BankSathi
BankSathi is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bs Fintech Private Limited CIN U72900KA2021PTC151652 | Active | 10 Sep 2021 | Bangalore, Karnataka | ₹17.8 Cr | 78 | 2 | View details |
| Banksathi Technologies And Insurance Corporate Agency Private Limited CIN U65990DL2020PTC360355 | Active | 15 Jan 2020 | New Delhi, Delhi | ₹23.3 Cr | 95 | 2 | View details |
Products & Services of BankSathi
BankSathi offers a comprehensive portfolio of products and services, including Credit Cards, Loans, and Savings Accounts.
Credit cards are offered for various financial needs.
Loans are provided for personal and business purposes.
Savings accounts are available for secure money management.
Apps and channels of BankSathi
BankSathi publishes 1 mobile app with over 1M+ downloads.
Funding Insights of BankSathi
BankSathi has successfully raised a total of $7.63M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $4 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7.63M
- Total Rounds 5
- Last Round Seed — $4M
- First Round $344,864
(Jan 2021)
- Investors Count 100
All 5 funding rounds of BankSathi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2023 | $4M | Seed | – | Kotak Securities, LetsVenture | |
| Aug 2022 | $2.75M | Seed | $27.52M | Singhvi Heritage, Firstport Capital | |
| Jul 2022 | – | Seed | – | We Founder Circle | – |
| Oct 2021 | $532,566 | Seed | – | Anuj Ahuja, Aditya Talwar | |
| Jan 2021 | $344,864 | Seed | – | QED Innovation Labs, Shagun Joshi |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2022 | $27.52M | •••••••• |
Last known valuation $27.52M (Aug 2022). 100 investors in total: 27 institutional and 73 angel.
Investors in BankSathi
BankSathi has secured backing from 100 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Angel List, Kotak Securities and Hem Securities.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in early-stage startups and global community support. | 2020 | wefoundercircle.com | Mumbai, India | |
Investments are made in early-stage tech startups across sectors. | – | ipventures.in | Gurugram, India | |
Venture capital funding is provided to innovative startups in India. | – | qedinnovationlabs.tcc.mode | Mumbai, India | |
Limited information is available on CPT Family Trust activities. | – | cptfamilytrust.tcc.mode | - | |
Venture capital investment in tech-startups | – | firstportcapital.tcc.mode | Gurugram, India | |
Venture capital firm focused on multiple sectors | – | amgelefamily.tcc.mode | Bengaluru, India | |
Investments in early-stage technology-led and consumer businesses. | 2022 | peacefulprogress.in | Chennai, India | |
Early-stage venture capital fund focused on multiple sectors | 2019 | peakventures.in | Mumbai, India | |
Investments in foodtech startups are managed by Vgrow Ventures. | – | vgrowventures.tcc.mode | Belgaum, India | |
Venture capital support for startups through seed funding and mentoring services across various sectors. | 2018 | sharkventures.in | Gurugram, India |
Investor details for BankSathi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Board of directors of BankSathi
The boards of the 2 registered companies of BankSathi currently have 3 directors; the longest-serving is Jitendra Singh, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jitendra Singh DIN 07413503 | Director | 15 Jan 2020 | 6 yrs 9 mo | Banksathi Technologies And Insurance Corporate Agency Private Limited, Bs Fintech Private Limited |
| Manju Kumari DIN 07532974 | Director | 15 Jan 2020 | 6 yrs 9 mo | Banksathi Technologies And Insurance Corporate Agency Private Limited |
| Poonam Kumari DIN 07789310 | Director | 10 Sep 2021 | 5 yrs 1 mo | Bs Fintech Private Limited |
People of BankSathi
11 people are tracked at BankSathi (4 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Sandeep Kaler | Co-Founder & CTO | Leadership |
Jitendra Dhaka | Co-Founder & CEO | Leadership |
Motilal Saini | Head Of Digital Marketing | Leadership |
Sonu Kumar | Head of Business Development | Leadership |
Ekta Soni | Graphic Designer | Team |
Shweta Nighot | Operation executive | Team |
Maya Choudhary | Account Manager | Team |
Nidhi Pathak | Customer Service Representative | Team |
Parmeshwar Lal | Company Secretaries Service | Team |
Puneet Khatri | Manager | Team |
Bhavya Reddy | Sales Manager | Team |
Complete people profiles for BankSathi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
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Financials of BankSathi
Figures of Banksathi Technologies And Insurance Corporate Agency Private Limited, the primary company behind BankSathi, for FY 2025. Revenue was ₹23.33 Cr (-66% year on year). Net loss was -₹2.56 Cr (-11% margin). EBITDA was -₹2.15 Cr (-9% margin). Revenue has grown at a compounded annual rate of +23% over three years.
- ₹23.33 CrRevenue · FY 2025 · -66% YoY
- -₹2.56 CrNet loss · -11% margin
- -₹2.15 CrEBITDA · -9% margin
- ₹1.79 CrPaid-up capital
- 95Employees (provident fund records)
- +23%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Banksathi Technologies And Insurance Corporate Agency Private Limited are on its company page.
Detailed financial statements for BankSathi
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of BankSathi
4 dated milestones of BankSathi across 3 years, from founding to its latest funding, stage changes and deals.
- Founded BankSathi is founded.
- Funding First funding round of $345K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $4.0M.
Competitors of BankSathi
BankSathi has 6 listed competitors in our database, 3 of them funded. They include GroMo, EarnWealth, Ambrela, VAKLoans and MoneyAadhaar, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gromo.in | 2019 | Gurugram, India | $23.22M | 127 | Platform enabling individuals to sell financial products and earn commissions | |
| earnwealth.in | 2014 | Pune, India | $1.01M | 1,018 | Solutions in lending, wealth management, technology, and FMCG are offered. | |
| ambrela.money | 2022 | Bengaluru, India | $188,270 | – | A fintech platform is operated as a wealth management marketplace. | |
| vakloans.com | 2016 | Mumbai, India | – | – | Delivers comprehensive solutions for risk assessment and credit evaluation. | |
| moneyaadhaar.com | 2012 | Navi Mumbai, India | – | – | Provides a digital platform delivering comprehensive financial solutions. | |
| easyfinancecalculator.xyz | 2025 | Delhi, India | – | – | An online platform providing tools for loan calculations and financial planning. |
Detailed competitors of BankSathi
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- Full competitor set
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Web traffic of BankSathi
The website of BankSathi (banksathi.com) receives about 111.9K visits a month.
- Monthly visits111.9K
▲ 10.5% vs previous month
Websites whose visitors overlap most with BankSathi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gromo.in | 100% | 201.8K | #144,867 | View details | |
| cardexpert.in | 97% | – | #216,739 | View details | |
| idfcfirstbank.com | 93% | 3.9M | #11,461 | View details | |
| paisabazaar.com | 93% | 10.7M | #5,741 | View details | |
| kissht.com | 87% | 236.4K | #204,416 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for BankSathi
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Top companies in Alternative Lending
10 companies that operate in the same segment as BankSathi (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | 1,487 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – |
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Related news about Banksathi
Complete news archive for BankSathi
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Frequently Asked Questions about BankSathi
BankSathi was founded in 2020 and raised its 1st funding round 1 year after it was founded.
BankSathi is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Jitendra Dhaka is the current CEO of BankSathi. They have also founded this company.
BankSathi is a funded company, having raised a total of $7.63M across 5 funding rounds to date. The company's 1st funding round was a Seed of $344.86K, raised on Jan 2021.
BankSathi is focused on providing accessible financial solutions. Services including credit cards, loans, and savings accounts are offered. The company operates in the consumer banking sector, aiming to streamline financial management for individuals and businesses. Various financial needs are addressed through tailored products.
BankSathi's top competitors include GroMo, EarnWealth and Ambrela.
BankSathi offers Credit Cards, Loans, and Savings Accounts.
BankSathi has 100 investors. Key investors include Angel List, Kotak Securities, Hem Securities, LetsVenture, and Recur Club.
The valuation of BankSathi is $27.52M as of Aug 2022.
BankSathi is associated with 2 legal entities: Banksathi Technologies And Insurance Corporate Agency Private Limited, Bs Fintech Private Limited.
The legal entities of BankSathi currently have 3 directors, including Jitendra Singh, Manju Kumari, Poonam Kumari.
Yes. BankSathi publishes BankSathi: Earn Money Online, with over 1 million downloads.