About BankSmarts Solutions
BankSmarts Solutions is a Financial Services company based in Gurugram (India) founded in 2013, and was acquired by NumberMall in November 2015. Risk and performance management solutions are provided for banks. It operates in the Financial Services and Technology sectors. BankSmarts Solutions has raised $279.72 thousand across 3 funding rounds from investors including Kae Capital, NumberMall and Kalysta Capital. BankSmarts Solutions was last valued at $1.57 million in October 2016. The company was acqui-hired. Its focus areas include FinTech, Banking Tech, Marketing Solutions and Marketing Analytics. Its legal entity in India is Ss Analytics Solutions Private Limited (U74220DL2012PTC246814).
Company details
BankSmarts is a banking focused analytics soultions provider. BankSmarts solutions allow banks to ensure compliance with regulations while reducing operating costs and risk. BankSmarts provides customizable platforms to solve specialized business problems of banks by leveraging banking processes layered on top of advanced analytical algorithms, predictive modeling and operations research. Clients are charged on a value-based pricing model and the product is offered in a platform-as-a-service(PaaS) model. Received seed funding from Kae Capital and SRI Capital.
- Headquarters Gurugram, India
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Website bank-smarts.com
- Social LinkedIn
- Acquired by NumberMall (Nov 2015)
- Legal Name Ss Analytics Solutions Private Limited
- Date of Incorporation 31 Dec, 2012
- Net Loss-₹2.3 Lakh
FY 2017 · -136499% margin
- EBITDA-₹2.3 Lakh
FY 2017 · -136499% margin
- Total Equity Funding$279.72K (USD)
in 3 rounds
- Latest Funding Round$165.02K (USD), Seed
Oct 2016
- InvestorsKae Capital
& 3 more
- Acquired byNumberMall
(Nov 2015)
Associated legal entities of BankSmarts Solutions
BankSmarts Solutions operates through Ss Analytics Solutions Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ss Analytics Solutions Private Limited CIN U74220DL2012PTC246814 | Strike Off | 31 Dec 2012 | New Delhi, Delhi | ₹0.0 Cr | 2 | View details |
Funding Insights of BankSmarts Solutions
BankSmarts Solutions has successfully raised a total of $279.72K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $165.02 thousand completed in October 2016. 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 $279,717
- Total Rounds 3
- Last Round Seed — $165,022
- Investors Count 3
All 3 funding rounds of BankSmarts Solutions 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 |
|---|---|---|---|---|---|
| Oct 2016 | $165,022 | Seed | $1.57M | Kae Capital, Kalysta Capital | – |
| Aug 2015 | $114,695 | Seed | $1.41M | SRI Capital | – |
| Apr 2013 | Seed | – | Kae Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2016 | $1.57M | •••••••• |
| Aug 2015 | $1.41M | •••••••• |
Last known valuation $1.57M (Oct 2016). 4 investors in total: 4 institutional.
Investors in BankSmarts Solutions
BankSmarts Solutions has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Kae Capital, NumberMall and Kalysta Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investing in tech startups in India. | 2011 | kae-capital.com | Mumbai, India | |
Early-stage companies are targeted for series-stage venture capital investments. | kalystacapital.tcc.mode | |||
Investing in enterprise tech, consumer, and health/bio sectors. | sricapital.com | |||
E-distributor of FMCG products for kirana stores | 2012 | numbermall.com | Hyderabad, India |
Investor details for BankSmarts Solutions
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ss Analytics Solutions Private Limited (BankSmarts Solutions)
Ss Analytics Solutions Private Limited is the primary company behind BankSmarts Solutions. The board of Ss Analytics Solutions Private Limited currently have 2 directors; the longest-serving is Subinder Jeet Singh Khurana, appointed in 2012. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Subinder Jeet Singh Khurana DIN 00031710 | Director | 31 Dec 2012 | 13 yrs 9 mo | Ss Analytics Solutions Private Limited |
| Gaurav Goyal DIN 02376961 | Director | 30 Mar 2016 | 10 yrs 7 mo | Ss Analytics Solutions Private Limited |
Financials of BankSmarts Solutions
Figures of Ss Analytics Solutions Private Limited, the primary company behind BankSmarts Solutions, for FY 2017. Net loss was -₹2.3 Lakh (-136499% margin). EBITDA was -₹2.3 Lakh (-136499% margin). Revenue has grown at a compounded annual rate of -95% over three years.
- -₹2.3 LakhNet loss · -136499% margin
- -₹2.3 LakhEBITDA · -136499% margin
- ₹1.4 LakhPaid-up capital
- -95%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Ss Analytics Solutions Private Limited are on its company page.
Detailed financial statements for BankSmarts Solutions
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of BankSmarts Solutions
5 dated milestones of BankSmarts Solutions across 3 years, from founding to its latest funding, stage changes and deals.
- Founded BankSmarts Solutions is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Exit Acquired by NumberMall.
- Funding Latest funding round, Seed, of $165K.
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Related news about Banksmarts Solutions
Complete news archive for BankSmarts Solutions
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Frequently Asked Questions about BankSmarts Solutions
BankSmarts Solutions was founded in 2013.
BankSmarts Solutions is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
BankSmarts Solutions is a funded company, having raised a total of $279.72K across 3 funding rounds to date.
Annual revenue of BankSmarts Solutions is $2.47 as on Mar 31, 2017.
BankSmarts is a banking focused analytics soultions provider. BankSmarts solutions allow banks to ensure compliance with regulations while reducing operating costs and risk. BankSmarts provides customizable platforms to solve specialized business problems of banks by leveraging banking processes layered on top of advanced analytical algorithms, predictive modeling and operations research. Clients are charged on a value-based pricing model and the product is offered in a platform-as-a-service(PaaS) model. Received seed funding from Kae Capital and SRI Capital.
BankSmarts Solutions has 4 investors. Key investors include Kae Capital, NumberMall, Kalysta Capital, and SRI Capital.
The valuation of BankSmarts Solutions is $1.57M as of Oct 2016.
BankSmarts Solutions operates through Ss Analytics Solutions Private Limited.
Yes. BankSmarts Solutions was acquired by NumberMall in November 2015.
The legal entities of BankSmarts Solutions currently have 2 directors, including Subinder Jeet Singh Khurana, Gaurav Goyal.