CurrencyKart: An Online Aggregator for Forex, Looking to Raise $5 million in Series A Funding.

CurrencyKart, an online aggregator for forex, is looking to raise $5 million in Series A funding. Started operations in Feb 2016, since then their customer base has grown vastly and the dealer network is growing daily and has sold over or the equivalent of INR 80cr of foreign currencies.

With the demonetization kicking in and increased focus on digital money by the government of India, there are bound to be better opportunities coming in for Currencykart. With our current network coverage across 14 cities and over 80 partners across India and with a host of technology offerings, we are best placed in the current scenario to advance the digital movement initiated by our honorable PM Mr. Narendra Modi and facilitate both the incoming foreign nationals and outgoing Indian citizens across all cities in India.

There is an increase in post demonetization traffic and transaction especially the increase in the average transaction size for Currencykart by 40% and this is bound to sustain given the idea of cashless economy being promoted. Our current technology platform is easy to use and also allows foreign currency vendors across India to easily login and register themselves and start selling online.