SALT

4 reviews

SALT is an Indian fintech startup dedicated to simplifying international transactions for businesses by addressing common challenges such as delays in remittance and complex compliance requirements. Founded in 2020 by Ankit Parasher and Udita Pal, SALT offers a comprehensive platform that streamlines cross-border payments and automates legal processes, enabling businesses to operate more efficiently in the global market. Key Features and Functionality: - Inward Remittance: Provides local account details in multiple foreign currencies, including USD, GBP, EUR, HKD, AUD, SGD, and CAD, allowing businesses to receive international payments as local transfers. - Table Salt: Automates legal and financial processes for startups raising funds from foreign investors, facilitating faster compliance and fund transfers. - Transparent Pricing: Charges a flat 1.75% fee per transaction, inclusive of the Foreign Inward Remittance Certificate , with no hidden charges or markups on currency exchange. - Rapid Processing: Ensures funds are converted to INR and deposited into the recipient's Indian bank account within 24 hours. Primary Value and User Solutions: SALT addresses the complexities and delays associated with cross-border payments by offering a seamless, cost-effective solution for Indian businesses. By providing virtual foreign currency accounts and automating compliance processes, SALT enables startups, SMEs, freelancers, and service providers to focus on their core operations without the burden of navigating intricate international banking procedures. This empowerment allows businesses to expand globally with confidence and ease.