Cross-border payments platform Salt raises $500-K

Salt, a Bangalore-based cross-border payments platform, has raised USD 500,000 in a pre-seed round from angel investors, as well as founders of startups. The investors included Prashant Pansare (Founder, Backer Capital), Amit Goel (ex-Medici), Vishrut Bubna (BimaPe), Supermorpheus, and from founders of startups including IIMJOBS, Cashoverflow, Orange Health, Cloudnine Hospitals, Bizongo, Loconav, Yellow Hospitality, Praxify, Letstransport, and NetNet. The current round will help Salt in building the engineering team, product development, as well as building new features as per the product roadmap. The startup, founded in 2020, aims to empower the micro, small and medium enterprises (MSMEs) by simplifying their banking operations and enhancing efficiency in global transactions.