# SALT

**Source:** https://geo.sig.ai/brands/salt  
**Vertical:** Finance  
**Subcategory:** Accounting Software  
**Tier:** Emerging  
**Website:** salt.pe  
**Last Updated:** 2026-04-14

## Summary

Bengaluru cross-border payment and FEMA compliance platform for Indian SMEs and freelancers; YC $625K with ₹3Cr revenue automating foreign remittance documentation competing with Razorpay for India international payments.

## Company Overview

SALT is a Bengaluru-based B2B cross-border payment and banking platform simplifying international transactions for Indian SMEs, startups, and freelancers — managing the foreign inward remittance compliance, FEMA (Foreign Exchange Management Act) documentation, and multi-currency account requirements that make receiving international payments from foreign clients a significant operational burden for Indian businesses. Founded in 2020 and backed by Y Combinator with $625,000 raised from 19 investors including Y Combinator, SALT pioneered India's first cross-border banking platform and generates ₹3 crore ($360,000) in annual revenue.

SALT's cross-border payment platform handles the regulatory complexity that international payments require in India: every foreign payment received by an Indian business must be accompanied by FEMA-compliant documentation (purpose of payment declaration, GST invoice reconciliation, bank certificate) and reported to the Reserve Bank of India. SALT automates this compliance workflow — generating required documents from invoice data, submitting filings on schedule, and maintaining the audit trail that RBI inspections require — removing the manual documentation burden that causes Indian SMEs to miss payment deadlines or rely on expensive chartered accountants for routine banking compliance. Multi-currency virtual accounts (USD, EUR, GBP, AUD) enable Indian freelancers and software exporters to receive payments in client-preferred currencies.

In 2025, SALT competes in the Indian cross-border business payments market with Razorpay (dominant Indian payment gateway with international payments, $740M raised), Cashfree Payments (Indian payment gateway with cross-border capabilities), and Payoneer (NASDAQ: PAYO, global freelancer payments) for Indian SME and freelancer international payment adoption. India's software export economy ($250+ billion annually) creates substantial demand for seamless cross-border payment infrastructure — Indian IT services firms, SaaS startups, and freelancers collectively receive hundreds of billions in foreign remittances. Y Combinator backing provides SALT with the startup ecosystem credibility and investor network for growth capital. The 2025 strategy focuses on expanding the virtual account product for Indian freelancers on international platforms (Upwork, Fiverr, Toptal), building GST invoice automation that links international payments with Indian tax compliance, and growing the SME segment as Indian companies expand international client bases.

## Frequently Asked Questions

### What is SALT?
SALT is a Bengaluru-based B2B cross-border payment and compliance platform founded in 2020 that simplifies global banking and compliance for businesses. It is India's first cross-border banking platform for businesses, revolutionizing international payments for Indian merchants.

### What products and services does SALT offer?
SALT offers B2B cross-border payments, international payment processing, compliance automation, documentation management, and comprehensive handling of global banking requirements. The platform enables businesses to efficiently manage cross-border transactions and regulatory requirements.

### Who is SALT's target customer base?
SALT primarily serves SMEs, startups, and freelancers in India who need to manage international payments and cross-border transactions. The platform is designed for businesses that require simplified global banking and compliance solutions.

### When was SALT founded and by whom?
SALT was founded in 2020 by Udita Pal and Ankit Parasher. The company participated in Y Combinator's Winter 2022 batch (W22).

### Where is SALT located?
SALT is based in Bengaluru, Karnataka, India.

### How much funding has SALT raised?
SALT has raised $625K in total funding over 2 rounds from 19 investors. This includes a $500K pre-seed round in 2021 from angel investors and founders of Indian startups, and a $125K seed round in 2022 led by Y Combinator.

### What are SALT's key achievements and metrics?
As of March 31, 2024, SALT achieved ₹3 Crore (approximately $360,000 USD) in annual revenue. The company is recognized as India's first cross-border banking platform for businesses and currently has 14 employees.

### What makes SALT's approach unique?
SALT launched India's first cross-border banking platform for businesses, revolutionizing international payments for Indian merchants. The platform streamlines the complex process of international payments and compliance for the Indian business ecosystem through automation and comprehensive documentation management.

### How many employees does SALT have?
SALT currently has 14 employees.

### What are SALT's recent developments?
As of March 2024, SALT reported ₹3 Crore in annual revenue (approximately $360,000 USD). The company continues to operate as India's first cross-border banking platform, serving SMEs, startups, and freelancers with international payment processing and compliance automation solutions.

## Tags

b2b, fintech, payment-processing, asia-pacific, startup, platform

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*