SALT Analysis
What is SALT?
SALT is an Indian fintech startup that facilitates international payments and legal compliance for businesses, ensuring quick and cost-effective transactions.
Employees
14
Founded
2020
Revenue
$3.2M
Business Model
Facilitates international payments; revenue from transaction fees and compliance services.
Product Features & Capabilities
- Live Inward Remittance, Receive foreign payments in 24 hours, Table Salt for legal and finance processes, Supports 13 currencies including USD, GBP, EUR, HKD, AED, AUD, CZK, CHF, DKK, NOK, PLN, SEK, and SGD.
Pricing
- Flat Rate: 1.75% of the transaction amount
- Includes 18% Government Taxes
- No subscription/annual fee
- No hidden charges
- No markup fee
- No signup fee for businesses
- FIRC provided for free for every transaction
Market Focus
SALT primarily focuses on the fintech industry, specifically facilitating international payments and legal compliance for businesses.
Competitors Overview
SALT operates in the fintech sector, focusing on international payments and legal compliance for businesses. Its main competitors include:
- Wise (formerly TransferWise): Known for its transparent fee structure and real exchange rates, Wise offers international money transfers with low costs.
Investors
- Y Combinator
- Astir Ventures
- WorldQuant Ventures
- Amit Goel (Angel Investor)
- Prashant Pansare (Angel Investor)
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