Salt - About the company
Salt is a seed company based in Bengaluru (India), founded in 2019 by Ankit Parasher and Udita Pal. It operates as a Provider of international payments solutions for businesses. Salt has raised $1M in funding from Y Combinator. The company has 27 active competitors, including 14 funded and 1 that has exited. Its top competitors include companies like Skydo, InstaReM and Karbon.
Company Details
Provider of international payments solutions for businesses. It provides tools for businesses to manage currency accounts, payments, collections, and expenses. It also provides solutions for multiple business accounts, finance reports, virtual and physical corporate cards, and more.
- Website
- www.salt.pe/
- Social
- Email ID
- *****@salt.pe, *****@salt.pe
- Registered Address
- 512/10, Service Lane, Outer Ring Road, Dhaaruni residency, Mahadevapura, Bangalore, BANGALORE, Karnataka, India, 560048
Key Metrics
Founded Year
2019
Location
Bengaluru, India
Stage
Seed
Total Funding
$1M in 2 rounds
Latest Funding Round
Investors
Ranked
13th among 27 active competitors
Annual Revenue
₹2.65Cr as on Mar 31, 2025
Employee Count
53 as on Mar 31, 2026
Legal entities associated with Salt
Salt is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
POZIOM VENTURES PRIVATE LIMITED CIN: U72100KA2020PTC131555 , India, Active | Jan 13, 2020 | $314K (As on Mar 31, 2025) | - | |
POZIOM INC. CIN: 3278380 , United States, Active | Jul 20, 2020 | - | - | - |
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Salt's funding and investors
Salt has raised a total funding of $1M over 2 rounds. Its first funding round was on Oct 11, 2021. Its latest funding round was a Seed round on Mar 2022 for $*****. 1 investor participated in its latest round. Salt has 16 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of Salt:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 2022 | 9403389 | Seed | 1205960 | 2227715 | 7894457 | 8833080 |
Oct 11, 2021 | 7032441 | Seed | 2971159 | 7304269 |
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Salt's founders and board of directors
Founder? Claim ProfileThe founders of Salt are Ankit Parasher and Udita Pal.
Here are the details of Salt's key team members:
- Ankit Parasher: Co-Founder & Director of Salt and founder of 2 other companies, LetsTransport and DoDukaan. They are also an angel investor in 3 startups and serve on the boards of 2 companies.Contact Info: 1 email address and 1 phone number
- Udita Pal: Co-Founder & Director of Salt. They serve on the board of 1 company.Contact Info: 1 email address
Salt's Board of Directors
Salt's board has 2 active members. Ankit Parasher and Udita Pal are part of team.Here is the list of Salt's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 5y 11m | |
Team | - | Current | 6y 0m |
View details of Salt's Founder profiles and Board Members
Salt's employee count trend
Salt has 53 employees as of Mar 26. Here is Salt's employee count trend over the years:
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Salt's Competitors and alternates
Top competitors of Salt include Skydo, InstaReM and Karbon. Here is the list of Top 10 competitors of Salt, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Digital platform enabling businesses to receive payments from overseas businesses | $20M | 67/100 | ||
2nd | Cross-border money transfers for businesses and individuals | $5M | 66/100 | ||
3rd | Provider of international payment and corporate expense management solutions | $30.2M | 65/100 | ||
4th | Provider of cross-border payment solutions for businesses, platforms, and freelancers | $16.2M | 63/100 | ||
5th |  PingPong 2015, New York City (United States), Series C | Online platform providing cross-border business payment solutions | $124M | 62/100 | |
6th | Provider of international payment solutions for global companies | $460M | 58/100 | ||
7th | Provider of platform facilitating international payments for freelancers and startups | $2.4M | 54/100 | ||
8th | Platform that simplifies international trade payments for businesses by offering a seamless cross-border payment system | $3.5M | 50/100 | ||
9th | Provider of infrastructure for instant global settlements and money transfers | $5M | 49/100 | ||
10th | A fintech company that provides a financial infrastructure for global businesses, enabling cross-border payments, collection, and disbursement of funds | $4.17M | 48/100 | ||
13th | Provider of international payments solutions for businesses | $1M | 43/100 |
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Salt's Investments and acquisitions
Salt has made no investments or acquisitions yet.
Reports related to Salt
Here is the latest report on Salt's sector:
News related to Salt
Filter this list•
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Salt Bank Launches as Romania’s Premier Neobank Powered by Engine by StarlingEuropaWire•May 22, 2024•Salt
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Napier AI and Salt Bank partner to secure NextGen banking in RomaniaBusiness Wire•May 14, 2024•Salt, Napier, Salt
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Salt Bank makes digital debut in Romania powered by Starling Bank’s BaaSFintechinshorts•Apr 15, 2024•Starling Bank, Salt
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Salt Bank Selects Engine by Starling to Deliver Next-generation Banking in RomaniaEIN Presswire•Nov 16, 2023•Salt, Engine by Starling
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Synbio Company Replay Launches with $55M in Seed FundingGenomeWeb•Jul 25, 2022•KKR, OMX Ventures, Artis Ventures, Lansdowne Partners and 13 others
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UPSIDE Foods bites into $400M round to serve cultivated meat later this yearTechCrunch+•Apr 26, 2022•Upside Foods, The Berkeley Hotel, Seafoodhealthfacts, Synthesis Capital and 15 others
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