TLDR:
- GRAVITY, a banking tech platform, raised $1 million in a pre-series A funding round led by Kettleborough VC.
- The Mumbai-based startup plans to use the capital for tech development and organic growth cycles.
The article highlights that GRAVITY, a hyper-personalized banking platform, secured $1 million in a pre-series A funding round led by Kettleborough VC. The funding round also saw participation from prominent figures in the banking industry and some high net worth individuals. GRAVITY, founded in March 2024 by Satish Krishnaswamy and Rohit Maroo, aims to provide a tailored banking experience for both retail and enterprise customers.
The platform enables banks to create interoperability among various banking software systems, such as core banking systems, payments, LOS, LMS, treasury, and depository services. This ecosystem allows banks to offer contextual and customized products based on customer needs and eligibility. GRAVITY also enables banks to achieve operational efficiencies, such as routing IMPS transactions through NEFT during downtime, providing instant loans to customers with low balances, and launching new products quickly using its API symphony.
Kettleborough VC, an India-based early-stage venture capital firm led by seed investor Nisarg Shah, led the funding round. Since its inception in October 2022, Kettleborough VC has invested in startups like InPrime Finserv, Finhaat, Giga Fun Studios, Zocket, and ONWO.
