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Funded by Kotak Securities, Fintech firm BankSathi closes FY23 with net revenue of Rs 60 crore

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 ....

Sunil Singhania , Kunal Shah , Agent Based , Right Financial Products , Kotak Securities , Lets Venture , Founder Circle , Hem Securities , Pin Code , Bangalore Karnataka India , Ay 3 Ani Newsvoir Banksathi , Ndia 39s Largest Agent Based Financial Products Distribution Platform , Losed Fy23 Witha Net Revenue Of Rs 60 Crore , Arkinga 120 Per Cent Growth Over Fy22 The Company 39s Exceptional Was Fuelled Bya 300 Surge In Credit Card Distribution , Nd The Support Of Leading Banks , Non Bank Financial Companies , Nda Network Of 1 5 Million Financial Advisors With The Help Largest Pan India Agent , Anksathi Has Builta Rs 100 Cr Arr Business , 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 , 5k Demat Accounts , Isbursement Of 200 Crores In Loans , 35k Savings Accounts , Nd 153k Credit Cards In Fy23 These Accomplishments Have Led To Banksathi Ranking 3rd As Pan India 39s Largest Card Distributor Reaches Annualized Rate Of 3 Lakh Issued Jitendra Dhaka , O Founder And Ceo Of Banksathi Com , Tated That The Company Is Dedicated To Bringing Fintech 500 Million Online Users In Untapped Bharat Platform Has Built An Extensive Network Of Reliable Agents , 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 ,

Adeyemi Sonubi - Risk.net


Risk.net
Adeyemi Sonubi
Adeyemi Sonubi is a young researcher with a PhD in Mathematical Finance from the University of Milan-Bicocca, Italy. He had his Master’s degree in Mathematics and Computing for Finance at Swansea University, United Kingdom and a Bachelor’s degree in Pure Mathematics at Federal University of Agriculture, Abeokuta, Nigeria. He is currently working on various research topics in Energy Finance and Agent Based Modelling
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11 Dec 2020
11 Sep 2018
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