Salt is an international payments platform that facilitates inbound remittances and foreign fundraising for businesses by automating legal compliance and transaction processes. The platform supports 13 currencies, enabling businesses to receive payments from global clients within 24 hours while minimizing associated costs.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) face challenges in managing international transactions due to complex banking processes, regulatory compliance, and high transaction costs. Existing cross-border payment solutions often involve manual documentation, multi-party communication, and delays, hindering efficient global trade.
Solution
Salt provides a cross-border payments platform designed to streamline international transactions for SMEs, offering a digital-first experience with automated legal compliance. The platform enables businesses to receive payments from over 50 countries in 13 currencies within 24 hours, reducing costs and simplifying banking operations. Salt's solution includes banking, documentation management, and workflow automation, creating a one-stop solution for import/export businesses to manage their international transactions efficiently. By building a bridge between banking and small businesses, Salt aims to support the growing Indian Impex industry and facilitate seamless global trade.
Target Audience
Salt primarily targets SMEs, startups, service providers, freelancers, agencies, and consultants involved in international trade, seeking efficient and cost-effective cross-border payment solutions.
Features
- Inward remittance processing from over 50 countries in 13 currencies
- Automated legal compliance for international transactions
- Banking, documentation management, and workflow automation platform
- Digital-only experience for cross-border payments
- Multi-currency support including USD, GBP, EUR, HKD, AED, AUD, CZK, CHF, DKK, NOK, PLN, SEK, and SGD
- Purpose code finder to ensure regulatory compliance
- Currency converter for real-time exchange rate calculations
- Export subsidy calculator to optimize financial benefits