[Funding alert] Fintech startup BankSathi raises Rs 4 Cr from Hem Angels and others

Delhi-based fintech startup Banksathi Technologies Pvt Ltd on Monday declared that it has brought Rs 4 Crore up in financing from Hem Angels and rumored business visionaries including Dinesh Godara (Founder, TREAD Fitness), Anuj Ahuja and Aditya (Founders, Talwar – StudyBase), and Rajendra Lora (Founder and CEO Freshokartz Agri). 

The new subsidizes will be utilized in deals and promoting, activities, and innovation, the organization expressed. Trim Angels had recently put resources into BankSathi's seed subsidizing round. The startup was basically hatched at Nasscom 10000 Startups. 

Jitendra Dhaka, CEO and Founder of BankSathi, said, "The subsidizing comes as a major lift for us, particularly when numerous fintech new companies and players are battling to satisfy the fundamental needs in the midst of pandemic emergency. The inflow of Rs 4 crore financing obviously connotes the sort of trust and conviction financial backers have in BankSathi as a fintech item." 

"BankSathi is outfitted to fill quickly since it is one the uncommon fintech stages where clients are directed to the right monetary item from the right bank or NBFC. Besides, empowered by AI, it is likewise a nicely highlighted idea where people (from every one of the profiles) are offered vocation choices as a monetary counsel and make pay deftly," he added. 

Established in January 2020 by Jitendra Dhaka, BankSathi presently offers saving records, demat accounts, Mastercards, individual advances, and business credits on its foundation. The startup additionally plans to grow its item portfolio into protection. 

BankSathi professes to keep on growing 60% consistently with 34,000 dynamic consultants on its foundation and has timed income of Rs 2 crore in September, during which the startup says it disseminated Rs 1.6 crore of commission to their counsel. 

Trim Angels is essential for Hem Securities Limited, having experience of forty years in monetary business sectors. It centers across different areas, resource light adaptable plan of action, business with existing clients and consistent income footing.

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