Indian payroll and work management startup Tartan has raised $4.5m in pre-Series A funding.
According to a report from India Startup News, the round was led by 500 GLobal, InfoEdge Ventures, AngelList Quant Fund, WorldQuant Ventures, Varanium GenNext Fund, 9 Unicorns, Yatra Angel Network, Emphasis Ventures, and Naveen Kukreja.
Founded in June 2021, Tartan provides white-labelled application programming interface (API) suite to financial institutions to help them access their consumers’ payroll data their consent to verify their income and employment status.
The Bengaluru-based company has also launched an employee benefits marketplace, Batik, which is being used by HR management software providers to offer simplified benefits to their employees at a discounted cost.
The funding, which brings the company’s total raised to $6m, will be used to expand go-to-market operations, expand the in-house engineering team, and improve the product offering.
Pramey Jain, co-founder and CEO of Tartan, said, “Over the last year, rapid adoption of our product has exceeded our expectations as more and more ambitious businesses are choosing the right tools that allow them to build and launch their products for the key pillars of the economy, that is the workforce.”
Last month, India-based neo bank Niyo Solutions received $30m in funding, just months after closing its Series C on $100m.
Copyright © 2022 FinTech Global