Capital Market FinTech solutions company S-Ancial Technologies Private Limited, founded by Pradip Seth, and co-founded by Dr. Shailendra Raj Mehta, has announced that it has raised USD 1.4 million in Pre-Series A funding.
JITO Angel Network led the round. Among those who invested were Rahul Mehta of DST Global, Suresh Jain of Sun Capital, Rank Group, along with the founder and co-founder.
S-Ancial’s flagship product ExchangeConnect is a Freemium platform that features a range of tools and services to conduct ownership and peer analysis, get corporate access, manage events, create and implement ESG reports, provide pre-IPO support, among others.
“In my work as a sell-side specialist, I noticed that mid-sized companies has inconsistent interactions with investors. Large companies found it challenging to proactively target the right set of investors. Improving outreach was the only solution. The next big idea for the capital market stakeholders was to digitize the entire market process and make it scalable, resulting in magnificent network growth. That is how the idea of ExchangeConnect was born,” said Pradip Seth.
Suresh Jain, representing JITO Angel Network said, “We found ExchangeConnect to be a powerful missing link in the capital market ecosystem. The platform is a source of highly structured data in a ready-to-grasp format: a gold mine for the entire capital market spectrum. It fits into JITO investment mantra: a disruptive tech-enabled service product that solves a major problem in the capital markets. I am excited to represent investors and give my 20 plus years of experience to ExchangeConnect for the way forward.”
Group Chairman Dr. Shailendra Raj Mehta added, ”ExchangeConnect is bringing a much-needed digital adoption push in capital markets. Our users get the benefits of leveraging technology for their processes. The funding we have received will amplify our efforts, enhance our solutions and help deploy them across different geographies”.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.