Advertisement

Tartan Raises $4.5 Mn In Pre-Series A Funding

The funding round brings the total raised to ~$6 million since its founding in June 2021

Fintech enabler, Tartan today announced it has closed $4.5 million in Pre-Series A investment from 500 Global, InfoEdge Ventures, Naval Ravikant-backed AngelList Quant Fund, WorldQuant Ventures, Varanium GenNext Fund, 9Unicorns, Yatra Angel Network, Emphasis Ventures (EMVC), Venture Catalyst and Naveen Kukreja. The funding round brings the total raised to ~$6 million since its founding in June 2021. The additional capital infusion will be used to scale the company’s go-to-market operations, expand its in-house engineering team and further enhance its product offering. 

Tartan has experienced an impressive first year of growth, launching its first product in June 2021 - a white labeled data API suite through which financial institutions can access their consumers' payroll data with their consent to verify their income and employment status better. Tartan has scaled its data connectivity coverage to more than 20 million white collared employees and gig workers in India. Since its inception, API requests have grown about 20 times to 150,000 per month. 

"With this latest round so closely following our seed financing, we're more focused than ever on our social purpose-driven mission, which is to open up access to financial services and products for millions of people who are part of the workforce in India and globally, so they are financially healthy and can lead a happier life,” said Pramey Jain, CEO, and Co-founder of Tartan. “Over the last year, rapid adoption of our product has exceeded our expectations as more and more ambitious businesses are choosing the right tools that allow them to build and launch their products for the key pillars of the economy, that is the workforce." 

 



Tags assigned to this article:

Around The World

Advertisement