Problem

SALT addresses the friction Indian businesses face when receiving or sending international payments. Cross-border remittances can be slow and expensive because businesses incur sending-agent charges, currency-conversion fees, and additional banking and legal-documentation burdens. International business transactions also face greater regulatory scrutiny than domestic payments, making the process especially painful for SMEs, exporters, importers, startups, agencies, consultants, and freelancers. The clearest use case is an Indian business collecting payment from an overseas client and getting the funds into its bank account quickly, compliantly, and at a predictable cost.

Product / Service

SALT is a digital-first B2B cross-border payments and compliance platform. Its flagship Inward Remittance product provides virtual or local foreign-currency accounts so Indian businesses can receive international payments without incorporating overseas; the current remittance page advertises support for 13 currencies, settlement within 24 hours, FIRC-certified transactions, and a 1.75% transaction fee with no subscription, annual, hidden, or markup fees. SALT says it works through regulated banking and financial-services partners, while its materials emphasize faster funding, transparent pricing, and simpler verification and documentation.

The second product, Table by SALT, is described as a tool for early-stage startups raising money from foreign investors. It automates fundraising, banking, valuation, and compliance workflows, including RBI, MCA, and FEMA-related filings and post-funding documentation. Together, the products extend SALT beyond payment transmission into the operational and regulatory work that makes international commerce and foreign fundraising difficult for small companies.

Market

SALT competes in Indian B2B cross-border payments, digital business banking, and fintech compliance software. Its closest named comparators are Payoneer and Skydo: SALT positions itself against Payoneer's higher fees and annual subscription charges and against Skydo's transaction-size limitations. The broader category includes platforms that provide virtual foreign-currency accounts and international payment processing, but SALT's differentiation is the combination of payment rails, compliance support, documentation, and startup-focused workflows.

The company was founded in 2020, joined Y Combinator's Winter 2022 batch, and is listed by YC as active. Its official materials report more than $30 million in transactions processed to date; an earlier company account reported $10 million processed between March and May 2022 with more than 300 clients. The 1.75% transaction fee and processed volume indicate a live, monetized operating product rather than a pre-launch concept, although the available evidence does not disclose current revenue, profitability, or an up-to-date customer count.