xalts

Hong Kong, China Founded: 2022 • Age: 4 yrs
Wealth management solutions are delivered via an online platform.
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About xalts

xalts is a company based in Hong Kong (China) founded in 2022 by Supreet Kaur and Ashutosh Goel.. xalts has raised $6 million across 1 funding round from investors including Accel, Citi Ventures and AlphaGrep. xalts has completed 1 acquisition, including Contour. xalts offers products and services including Copilot for Treasury, Multi-Bank Connectivity, and Task-Specific Agents. xalts operates in a competitive market with competitors including Altruist, GeoWealth, Nucleus Financial, Fintso and SnapTrade, among others.

  • Headquarter Hong Kong, China
  • Founders Supreet Kaur, Ashutosh Goel
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Tokuten Pte. Ltd.
Operational Areas
Key Metrics
  • Annual Revenue
  • Net Profit
    $-903.5 K
    -193
    as on Dec 31, 2023
  • EBITDA
    $-307.85 K
    0
    as on Dec 31, 2022
  • Total Equity Funding
    $6 M (USD)

    in 1 rounds

  • Latest Funding Round
    $6 M (USD), Seed

    Oct 06, 2022

  • Investors
    Accel

    & 5 more

  • Employee Count
    Employee Count
  • Investments & Acquisitions
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Products & Services of xalts

xalts offers a comprehensive portfolio of products and services, including Copilot for Treasury, Multi-Bank Connectivity, and Task-Specific Agents. 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.

Primary

AI platform automates finance operations and integrates with banking systems.

Enables real-time connections with banks for financial process automation.

Agents handle repetitive finance tasks based on business policies.

People of xalts
Headcount 10-50
Employee Profiles 3
Employee Profiles
People
Supreet Kaur
Chief Operating Officer
People
Ashutosh Goel
Chief Executive Officer

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Teams

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Funding Insights of xalts

xalts has successfully raised a total of $6M through 1 strategic funding round. The most recent funding activity was a Seed round of $6 million completed in October 2022. 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 Rounds 1
  • Last Round Seed — $6.0M
  • First Round

    (06 Oct 2022)

  • Investors Count 6
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2022 Amount Seed - xalts Valuation Accel
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in xalts

xalts has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accel, Citi Ventures and AlphaGrep. 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.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Accel is recognized as a leading venture capital firm.
Founded Year Domain Location
Corporate venture capital firm backed by Citi
Founded Year Domain Location
Algorithmic trading is executed across global asset classes by AlphaGrep.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by xalts

xalts has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Contour. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Trade-related activities are managed via a blockchain network.
2018
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - xalts

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Xalts Comparisons

Employees
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Competitors of xalts

xalts 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 Altruist, GeoWealth, Nucleus Financial, Fintso and SnapTrade, 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
Portfolio management software for financial advisors
domain founded_year HQ Location
Integrated wealth management solutions are offered for advisors and institutions.
domain founded_year HQ Location
Portfolio management solutions are offered to financial advisors.
domain founded_year HQ Location
Digital wealth tools are provided to empower financial advisors.
domain founded_year HQ Location
Provider of API enabling brokerage account connectivity for data and trading
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Xalts

Frequently Asked Questions about xalts

When was xalts founded?

xalts was founded in 2022.

Where is xalts located?

xalts is headquartered in Hong Kong, China.

Is xalts a funded company?

xalts is a funded company, having raised a total of $6M across 1 funding round to date. The company's 1st funding round was a Seed of $6M, raised on Oct 06, 2022.

What does xalts do?

xalts was founded in 2022 in Hong Kong, China, within the fintech sector focused on wealth management. An online platform is operated to offer solutions for financial institutions in portfolio design. Investment products and platforms are provided for global institutions to access digital asset opportunities securely and compliantly. Treasury solutions are also facilitated through blockchain and tokenization, bridging traditional and digital asset classes.

Who are the top competitors of xalts?

xalts's top competitors include Altruist, Nucleus Financial and QPLIX.

What products or services does xalts offer?

xalts offers Copilot for Treasury, Multi-Bank Connectivity, and Task-Specific Agents.

How many acquisitions has xalts made?

xalts has made 1 acquisition, including Contour.

Who are xalts's investors?

xalts has 6 investors. Key investors include Accel, Citi Ventures, AlphaGrep, Sandeep Nailwal, and Nakul Gupta.

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