Onnecting Consumers To Financial Brands Using Technology While Also Providing An Income Source The Largest Unemployed Sector Banksathi Aims Extend Reach Of Fintech Next Billion Users By Developing Solutions That Cater Their Specific Needs Our Core Usp Is Training Advisors For Right Recommendations End Tech Built Ina Way Based On Customers Data Which Get Added It Recommend Products Are Best Suited Addresses Various Problems Faced In Tier 2 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