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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The three-year-old fintech, with three accomplished women as founders, set out to address the inherent gender bias in the Indian financial system. Today, it is on a hiatus and has surrendered its regulatory licence. What happened?
SALT, the Bengaluru-based startup that wanted to redefine finance for women, is winding up. The company, which received a lot of praise from investors and the larger fintech ecosystem for its mission and having three women as founders, has surrendered its stockbroking licence.
For a few weeks now, the company has been on a hiatus. With little money to sustain operations, all activity was paused; SALT withdrew its app from app stores, helped its employees find jobs elsewhere and asked its users to migrate to other platforms. Meanwhile, the company was engaging in talks with investors—strategic and financial—to find a …
