Banking tech platform GRAVITY raised $1 M Pre-series A funding from Kettleborough VC
Kettleborough VC led a $1 million pre-series A funding round for the hyper-personalized banking platform GRAVITY. A few HNIs and notable figures from the banking sector also took part in the round.
According to a press release from GRAVITY, the Mumbai-based startup intends to use the funding for tech development and the implementation of organic growth cycles.
GRAVITY, developed by Satish Krishnaswamy and Rohit Maroo, was introduced in March 2024 and allows banks to customize their services for individual and business clients.
All of the underlying banking softwares, including those that manage payments, LOS, LMS, treasury, and depository, among others, can communicate with each other thanks to the platform. On top of their current offerings, banks can use this ecosystem to create contextual and tailored products based on the requirements and eligibility of their customers.
The company claims that banks can achieve several efficiencies, including the ability to launch new products or workflows using its API symphony within 2-3 days, offer instant loans to customers who experience failed transactions due to low account balances, and route IMPS transactions through NEFT in the event that the IMPS server is unavailable, among many other use cases.
Launched in October 2022, Kettleborough VC is an early-stage venture capital firm based in India under the leadership of seed investor Nisarg Shah. Among the startups it has supported since then are InPrime Finserv, Finhaat, Giga Fun Studios, Zocket, and ONWO.
