Fintech enabler Tartan has secured $4.5 million in pre-Series A round led by 500 Global,InfoEdge Ventures, AngelList Quant Fund, WorldQuant Ventures, Varanium GenNext Fund, 9 Unicorns, Yatra Angel Network, Emphasis Ventures and Naveen Kukreja.
According to Tartan, the fresh capital will be utilised to scale the company’s go-to-market operations, expand its in-house engineering team and further enhance its product offering.
Tartan is a data-to-distribution platform that enables the movement of payroll data products for today’s workforce. Financial institutions use Tartan’s API to access their customer’s data from their traditional or non-traditional HRMS system or payslip to fast-track income and employment verification, improve underwriting and build new products.
Tartan data-powered employee benefits marketplace allows employers and HRMS platforms to build and distribute products. Recently, Tartan has launched an employee benefits marketplace called Batik which is being used by HRMS software providers and employees alike to seamlessly offer simplified benefits to their employees at a discounted cost. Benefits on the platform range from financial, health, and mental wellness options through a network of partners.
Tartan claims that it works with more than 80 customers and partners, which include banks, fintech lending platforms, credit bureaus, insurance providers, recruitment agencies, and is exploring multiple other use cases within BNPL and matrimony. It has scaled its data connectivity coverage to more than 20 million white collared employees and gig workers in India.