About Salt Edge
Salt Edge is a company based in Ottawa (Canada) founded in 2013. It operates as a SaaS (Software-as-a-Service), and API-as-a-Product. Salt Edge has raised $3 million across 1 funding round from investors including Start-Up Chile and Level39. Salt Edge offers products and services including Open Banking Gateway, Payment Initiation, Data Enrichment, Open Banking Compliance Solution, and Mobile SCA. Salt Edge operates in a competitive market with competitors including Banked, Yodlee, Codat, Method and Quovo, among others.
- Headquarter Ottawa, Canada
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Salt Edge Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3 M (USD)
in 1 rounds
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Latest Funding Round
$3 M (USD), Series A
Oct 01, 2018
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Investors
Start-Up Chile
& 1 more
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Employee Count
Employee Count
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Products & Services of Salt Edge
Salt Edge offers a comprehensive portfolio of products and services, including Open Banking Gateway, Payment Initiation, Data Enrichment, Open Banking Compliance Solution, and Mobile SCA. 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.
Access to global banks through a single API is provided.
Lower-cost payment methods via open banking are enabled.
Raw data is transformed into actionable insights efficiently.
Full-stack compliance solution for banks is offered comprehensively.
Enhanced security through strong customer authentication is provided.
Funding Insights of Salt Edge
Salt Edge has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Series A round of $3 million completed in October 2018. 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 1
- Last Round Series A — $3.0M
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First Round
First Round
(01 Oct 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Series A - Salt Edge | Valuation |
investors |
| 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 |
Investors in Salt Edge
Salt Edge has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Start-Up Chile and Level39. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government-backed startup accelerator programs are operated in Chile.
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Founded Year | Domain | Location | |
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Startup community and accelerator for tech-based startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Salt Edge
| 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 - Salt Edge
| 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 |
Salt Edge Comparisons
Competitors of Salt Edge
Salt Edge 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 Banked, Yodlee, Codat, Method and Quovo, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Open banking APIs for payments and data access are provided.
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| domain | founded_year | HQ Location |
Cloud-based data aggregation and analytics for financial institutions are offered.
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| domain | founded_year | HQ Location |
Developer of cloud-based financial analysis and forecasting solutions for small and medium businesses
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| domain | founded_year | HQ Location |
API-enabled debt repayment tools are provided for financial services.
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| domain | founded_year | HQ Location |
Financial data aggregation and authentication APIs are provided.
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| domain | founded_year | HQ Location |
Bud Financial is focused on transforming transaction data into actionable insights for financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Salt Edge
Frequently Asked Questions about Salt Edge
When was Salt Edge founded?
Salt Edge was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Where is Salt Edge located?
Salt Edge is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Is Salt Edge a funded company?
Salt Edge is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Series A of $3M, raised on Oct 01, 2018.
What does Salt Edge do?
Salt Edge is engaged in delivering open banking solutions to businesses worldwide. The company operates within the financial technology sector, offering innovative services that enable real-time access to financial data from over 5,000 institutions across 50 countries. Solutions provided include account information access, payment initiation, and data enrichment, catering to industries such as lending, banking, e-commerce, treasury management, automotive, and iGaming. The platform is designed to support seamless integration, compliance, and security, ensuring businesses can innovate without needing their own open banking licenses.
Who are the top competitors of Salt Edge?
What products or services does Salt Edge offer?
Salt Edge offers Open Banking Gateway, Payment Initiation, Data Enrichment, Open Banking Compliance Solution, and Mobile SCA.
Who are Salt Edge's investors?
Salt Edge has 2 investors. Key investors include Start-Up Chile, and Level39.