S-Ancial will use the freshly infused capital to expand its India and MENA footprint and strengthen its technology platform ExchangeConnect
Capital Market FinTech solutions company Private Limited, has raised USD 1.4 million in a Pre-Series A funding round. JITO Angel Network led the round along with Rahul Mehta of DST Global and other Marquee angels and the founding team.
JITO Angel Network is a community-based platform focused on new venture investing. The network today has a portfolio in various sectors, has invested in 42+ companies, and has taken a few exits. The firm is currently invested in various sectors and is deeply looking to invest in space tech and defense companies. JITO Angel Network Invests in the company where they feel they can leverage the JAIN Community platform for exponential business growth.
S-Ancial will use the freshly infused capital to expand its India and MENA footprint and strengthen its technology platform ExchangeConnect.
As deal Lead from JITO Angel Network, Suresh Jain emphasized, ExchangeConnect fits into the JITO investment mantra, which is “ a disruptive tech-enabled service product that solves a major problem in the capital market.” “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.
Founded by Pradip Seth, and Dr. Shailendra Raj Mehta in XX, S-Ancial is a technology-based corporate solutions company. It helps companies in developing a wide range of Artificial Intelligence(AI) solutions that learn, think and interact like humans using Natural Language Processing (NLP), Speech Recognition functionality and Machine Learning features.
The main flagship product of the company is ExchangeConnect. in simple terms, is a virtual meeting place that brings together all the constituents of the capital market ecosystem to a single unified platform for initiating seamless communication.
S-Ancial’s flagship platform ExchangeConnect brings together listed companies, along with a large number of Buy-side Institutional Investors and sell-side Analysts to create one unified digital ecosystem. ExchangeConnect provides 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. These tools assist stakeholders in conducting their capital market workflow efficiently and effectively.
“In my work as a sell-side specialist, I noticed that investor interactions with mid-sized companies were inconsistent. Improving outreach was the only solution. I realized that the next big idea for the capital market stakeholders would be 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, the CEO of S-Ancial.
Source: Business World