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BANKIT Secures Partnership with SBI to Introduce PERC Platform for Prepaid Cards

Dec 20, 2024•over 1 year ago

Contract Type

partnership

NoidaFinancial ServicesFintech

Description

BANKIT Services Pvt. Ltd., a leading fintech solutions company, has announced a strategic partnership with the State Bank of India (SBI) to introduce PERC Platform – Prepaid Expense & Reimbursement Card Platform; a technology-enabled prepaid card solution for corporates. This collaboration is set to redefine financial management for large organizations by offering a customizable, unified platform that simplifies corporate card programs.

Company Information

Company

BANKIT

Location

Noida, Uttar Pradesh, India

About

BANKIT is one of India's fastest-growing fintech firms, focused on financial inclusion. The company has established itself as a leader in transforming India’s digital banking landscape. It aims to empower merchants and provide access to essential banking and financial services. Their extensive merchant network is key to their strategy of building a comprehensive financial services ecosystem.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.