Nabling Advisors To Manage Sell Right Financial Products End Consumers Using Our Technology And Recommendation Based Algorithms Banksathi 39s Impressive Achievements Include 2 5 Million Leads News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Bangalore (Karnataka) [India], May 3 (ANI/NewsVoir): BankSathi, India's largest Agent Based financial products distribution platform, closed FY23 with a net revenue of Rs 60 crore, marking a 120 per cent growth over FY22. The company's exceptional growth was fuelled by a 300 per cent surge in credit card distribution, and the support of leading banks, non-bank financial companies, and a network of 1.5 million financial advisors. With the help of the largest pan India agent network, BankSathi has built a Rs 100 Cr ARR business, enabling Advisors to manage sell Right Financial Products to end consumers using our technology and recommendation-based algorithms. BankSathi's impressive achievements include 2.5 million leads, 65K Demat accounts, disbursement of 200 crores in loans, 135K savings accounts, and 153K credit cards in FY23. These accomplishments have led to BankSathi ranking 3rd as PAN India's largest credit card distributor. BankSathi reaches annualized rate of 3 l