SALT was co-founded by Ankit Parashar and Udita Pal.
A marketer by profession, Udita first identified the struggles of foreign payments while working with international companies as a consultant. After getting the bank account frozen randomly after international transactions and paying exorbitant high fees for the same, she decide to get into the roots of the problem and solve it.
Graduated from IIT Kharagpur, Ankit has also been featured in Forbes 30 under 30 in January 2017. While on a trip to Singapore, Ankit’s card stopped working and his bank’s relationship manager and branch manager said the issue would take several days to resolve. This bitter experience made him realise that being a premium customer for banks did not guarantee better experience or better resolution of issues.
Both the founders have been on the other side of the table, and realised it’s not the best place to be when it comes to international business payments. These experiences led to formation of India’s first cross border fintech SALT.