Gravity, an innovative business-to-business (B2B) banking technology startup, has announced the successful closure of a $1 million funding round. Spearheaded by Kettleborough VC, an early-stage venture fund renowned for strategic investments in tech ventures, the funding underscores Gravity’s potential to revolutionize the banking sector.
Co-founded by Satish Krishnaswamy and Rohit Maroo in March 2024, Gravity has rapidly emerged as a leader in banking technology. The startup’s platform facilitates seamless interoperability between diverse banking software systems, empowering banks to tailor bespoke, context-driven products to meet the evolving needs of their clients. Satish Krishnaswamy enthusiasm about the funding infusion, stating, “The funds will enhance our engineering capabilities to develop and evolve our product, ensuring we offer the best in product engineering.”
Krishnaswamy emphasized Gravity’s commitment to staying ahead of industry demands, highlighting the need for continuous innovation in banking technology. “As a banking tech company, we need to anticipate industry demands and stay 2 to 3 years ahead,” he affirmed. With a robust engagement strategy, Gravity has gained traction in the banking sector, engaging with 18 commercial banks and completing proof of concept (POCs) with five. The Mumbai-based startup aims to onboard 4-5 Indian banks onto the Gravity platform this year and is poised for international expansion.
Nisarg Shah, founder and managing partner of Kettleborough VC, expressed confidence in Gravity’s potential to redefine the banking landscape. “Gravity aligns with our investment strategy of backing domain specialists. We believe it has the potential to become a category-creator, solving the challenge of siloed banking systems and revolutionizing the industry,” Shah remarked.
As Gravity continues to innovate and expand its presence, backed by strategic investors like Kettleborough VC, it is poised to reshape the B2B banking technology landscape, driving efficiency and enhancing customer experiences across the sector