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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 2774 active competitors, including 267 funded and 249 that have exited. Its top competitors include companies like PayU, Flutterwave and Airwallex.

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.
Social
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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
Ranked
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
54 as on Jun 30, 2026
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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
8473804
Seed
6207607
8753069
6545706
9011715
Oct 11, 2021
6726457
Seed
8833436
3033251
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Salt's founders and board of directors

Founder? Claim Profile
The founders of Salt are Ankit Parasher and Udita Pal.
Here are the details of Salt's key team members:

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
6y 5m
Team
-
Current
6y 6m

Salt's employee count trend

Salt has 54 employees as of Jun 26. Here is Salt's employee count trend over the years:
Employee count trend for Salt
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Salt's Competitors and alternates

Top competitors of Salt include PayU, Flutterwave and Airwallex. Here is the list of Top 10 competitors of Salt, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for PayU
PayU
2002, Amsterdam (Netherlands), Funding Raised
Provider of online payment solutions and financial services for businesses
-
84/100
2nd
Logo for Flutterwave
Flutterwave
2016, San Francisco (United States), Series E
Provider of payment solutions for online and physical business transactions
$489M
83/100
3rd
Logo for Airwallex
Airwallex
2015, San Francisco (United States), Series H
Provider of financial infrastructure for processing payments and managing treasury
$1.9B
83/100
4th
Logo for Thunes
Thunes
2016, Singapore (Singapore), Series D
Provider of a global payment infrastructure platform for businesses and financial institutions to facilitate cross-border transactions
$362M
74/100
5th
Logo for Ant Group
Ant Group
2004, Hangzhou (China), Series D
Payment processing solution for consumers, small and micro businesses
$20.6B
74/100
6th
Logo for Iyzi Payments
Iyzi Payments
2012, Istanbul (Turkey), Acquired
Provider of payment solutions for e-commerce companies and individuals
$28M
72/100
7th
Logo for BlueSnap
BlueSnap
2001, Waltham (United States), Acquired
International payment solution
$68M
69/100
8th
Logo for Skydo
Skydo
2022, Bengaluru (India), Series A
Digital platform enabling businesses to receive payments from overseas businesses
$20M
68/100
9th
Logo for Bango
Bango
1999, Cambridge (United Kingdom), Public
Provider of marketing solutions for e-commerce businesses
-
68/100
10th
Logo for Xflow
Xflow
2021, Bengaluru (India), Series A
Provider of infrastructure for processing and managing cross border payments
$32.8M
68/100
203rd
Logo for Salt
Salt
2019, Bengaluru (India), Seed
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

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Flagright partners with SALTThe PaypersFeb 26, 2024Flagright, Salt
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