About BankSathi
BankSathi is a company based in Bengaluru (India) founded in 2020 by Sandeep Kaler and Jitendra Dhaka. It operates as a FinTech. BankSathi has raised $7.63 million across 5 funding rounds from investors including Angel List, Kotak Securities and Hem Securities. BankSathi offers products and services including Credit Cards, Loans, and Savings Accounts. BankSathi operates in a competitive market with competitors including GroMo, EarnWealth, Ambrela, VAKLoans and MoneyAadhaar, among others.
- Headquarter Bengaluru, India
- Founders Sandeep Kaler, Jitendra Dhaka
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.63 M (USD)
in 5 rounds
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Latest Funding Round
$4 M (USD), Seed
Jan 09, 2023
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Investors
Angel List
& 99 more
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Employee Count
Employee Count
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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.
People of BankSathi
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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 Total Funding
- Total Rounds 5
- Last Round Seed — $4.0M
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First Round
First Round
(18 Jan 2021)
- Investors Count 100
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Seed - BankSathi | Valuation | Kotak Securities , LetsVenture | |
| Aug, 2022 | Amount | Seed - BankSathi | Valuation | Singhvi Heritage , Firstport Capital | |
| Jul, 2022 | Amount | Seed - BankSathi | Valuation | We Founder Circle |
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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 |
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Investment in early-stage startups and global community support.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups across sectors.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to innovative startups in India.
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Founded Year | Domain | Location |
Investments & Acquisitions by BankSathi
Financial Statements - BankSathi
Banksathi Comparisons
Competitors of BankSathi
BankSathi 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 GroMo, EarnWealth, Ambrela, VAKLoans and MoneyAadhaar, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform enabling individuals to sell financial products and earn commissions
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| domain | founded_year | HQ Location |
Solutions in lending, wealth management, technology, and FMCG are offered.
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| domain | founded_year | HQ Location |
A fintech platform is operated as a wealth management marketplace.
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| domain | founded_year | HQ Location |
Delivers comprehensive solutions for risk assessment and credit evaluation.
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| domain | founded_year | HQ Location |
Provides a digital platform delivering comprehensive financial solutions.
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| domain | founded_year | HQ Location |
An online platform providing tools for loan calculations and financial planning.
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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.
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.