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Xalts operates as a sophisticated technology platform delivering AI-powered solutions to treasury and finance teams. The company specializes in automating end-to-end financial operations, enabling global institutions to significantly enhance their efficiency and scalability. It further extends its offerings by developing proprietary investment products and robust platforms tailored for comprehensive enterprise financial management.
The company was co-founded in 2022 by Ashutosh Goel and Supreet Kaur. Goel, bringing extensive experience as a former HSBC trader, and Kaur, an ex-Meta Asia executive, identified a critical market need for more interconnected and interoperable financial services infrastructure. Their shared insight focused on applying advanced technological approaches to streamline complex institutional financial workflows, building on their substantial backgrounds in global finance and large-scale technology.
Xalts primarily serves leading global treasury and finance divisions within a diverse range of institutional clients. Its core mission is to empower these organizations by fundamentally transforming their operational infrastructure through intelligent automation. The company's long-term vision is to foster a future where financial services are seamlessly integrated and operate with unparalleled efficiency, ultimately driving superior productivity and strategic capabilities for its clientele.
Xalts has raised $6.0M across 1 funding round.
Xalts has raised $6.0M in total across 1 funding round.
Xalts has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Seed in October 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2022 | $6M Seed | — | Citi Ventures, Connolley, Kaszek Ventures, Polygon Labs, Quartz, Ribbit Capital | Announced |
Xalts is a fintech company founded in 2022 that builds infrastructure for programmable assets using blockchain and distributed ledger technology (DLT), alongside AI-powered agents to automate treasury and finance workflows.[1][2][3][5] It serves global financial institutions, banks, corporates, and enterprises by enabling tokenization, transfer, servicing of assets like trade receivables, loans, bonds, and loyalty points, while digitizing trade finance and providing multi-bank connectivity, ERPs, and accounting integrations.[1][3][5] The platform solves inefficiencies in financial operations—such as manual trade processes taking days—by automating end-to-end workflows with AI agents for tasks like data reconciliation, banking queries, and compliance, reducing time from days to hours as demonstrated in a MUFG letter of credit case.[1][3] With $6M raised from investors including Accel, Citi Ventures, and QFC Digital Assets Lab, and 20-50 employees across offices in Singapore, Bengaluru, and London, Xalts shows growth through acquisitions like the Contour network and new AI features.[1][2][5]
Xalts was co-founded in 2022 by Ashutosh Goel (CEO) and Supreet Kaur (COO), both with expertise in finance and technology, launching from Singapore with additional offices in Bengaluru and London.[1][2][5] The idea emerged from the need for interoperable financial infrastructure, initially focusing on blockchain/DLT for multi-party collaboration in asset programmability and trade finance, evolving to incorporate AI agents post-acquisition of the Contour network.[1][5] Early traction included partnerships like MUFG's rapid digital letter of credit and expansion into enterprise AI for treasury automation, marking pivotal milestones in digitizing global trade processes.[1]
Xalts rides the convergence of blockchain tokenization, DLT interoperability, and enterprise AI amid rising demand for digitized trade finance and treasury operations in a post-pandemic global economy.[1][3][5] Timing aligns with regulatory progress in digital assets and AI adoption, fueled by market forces like supply chain disruptions and corporate needs for real-time visibility, where traditional systems falter.[1] It influences the ecosystem by enabling institutions to embed programmability into real-world assets, fostering networked finance platforms that reduce friction and unlock liquidity in trade receivables and beyond.[5]
Xalts is poised to expand its AI-blockchain stack, targeting deeper enterprise adoption through custom workflows and global partnerships, potentially scaling beyond $6M funding with Series A traction.[1][2] Trends like AI agent proliferation, tokenized real-world assets (RWAs), and regulatory clarity for digital finance will propel growth, evolving its role from infrastructure provider to core enabler of programmable global treasuries.[3][4][5] As networks like Contour integrate further, Xalts could redefine institutional finance efficiency, tying back to its origins in solving manual bottlenecks for a hyper-connected future.[1]
Xalts has raised $6.0M in total across 1 funding round.
Xalts's investors include Citi Ventures, Connolley, Kaszek Ventures, Polygon, Quartz, Ribbit Capital.
