TartanHQ Solutions Pvt. Ltd, a Bengaluru-based fintech startup, has secured pre-Series A funding of $4.5 million (around Rs 35 crore) from a clutch of investors.

These investors include 500 Global, InfoEdge Ventures, AngelList Quant Fund, 9Unicorns, WorldQuant Ventures and Varanium GenNext Fund, among others.

As per the startup, the raised funds will be used to expand its market operations, scale the engineering team and boost product offerings.

Tartan | Income And Employment Data Simplified

Founded by Pramey Jain and Meet Semlani in 2021, Tartan is an employee consent-driven data exchange platform that enables real-time work & income verification.

The startup offers a data API (Application Programming Interface) suite that allows financial institutions to access their consumers’ payroll data with their consent to verify their income and employment status better. It also allows employees to avail perks (like loans, credit cards, etc.) that are customized by their employer with a single click.

Speaking on the development, Pramey Jain, Co-founder and chief executive officer of Tartan, said,

“Over the last year, adoption of our product has exceeded our expectations as more businesses are choosing the right tools, allowing them to build and launch their products.”

As per the startup, it makes it possible for each worker, either in the gig economy or white collared, to prove their creditworthiness through their income, rather than a bureau-generated score.

Tartan enables businesses to build and deliver financial products with a secured employment data gateway. The Bengaluru-based fintech startup claims to cover more than 20 Million white collared employees and gig workers in India, while its API requests have reached 150,000 per month.

Tartan plans to double its headcount to 110 people with emphasis on engineering roles, to support the build of innovative financial products like earned wage access and expand into new areas, including tax filing.

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