Biography of Deepti Sanghi: Founder of Kudo (Fintech Startup)-Entrepreneur
The Journey of Deepti Sanghi: From Finance to Fintech Pioneer
Early Aspirations and Family Background
Deepti Sanghi’s journey to becoming a fintech innovator
began in Delhi, where she grew up in a business-oriented family. This
environment instilled in her an early curiosity about entrepreneurship.
Surrounded by stories of successful businesses and their founders, Deepti was
inspired by the remarkable journeys of companies like The Body Shop and Virgin
Atlantic Airlines. Her passion for business was evident from a young age,
shaping her future ambitions and setting the stage for her career.
Education and Early Career
Deepti’s academic journey took her through Lady Shri Ram
College in Delhi, where she earned a degree in Economics. Building on this
foundation, she pursued an MBA in Finance and Marketing from the Management
Development Institute (MDI) in Gurugram. Her education provided her with a
solid understanding of financial principles and marketing strategies, which she
applied during her tenure in investment banking. Her early career included
roles at SBI Capital Markets and Edelweiss Capital, where she honed her skills
in corporate finance and mergers and acquisitions.
A Decade in Investment Banking
Deepti’s career in investment banking was marked by
significant achievements. At SBI Capital Markets, she worked on strategic
initiatives and financial modeling, gaining valuable insights into the
financial sector. Her subsequent role at Edelweiss Capital involved managing
substantial mergers and acquisitions deals worth $450 million. This experience
exposed her to various stages of business development and reinforced her
understanding of the financial ecosystem, preparing her for future
entrepreneurial ventures.
The Shift to Fintech
Despite a successful career in traditional finance, Deepti
was drawn to the emerging field of fintech. This transition was motivated by
her experiences and a desire to simplify financial processes for businesses. In
2016, she joined MoneyTap, a pioneering fintech platform, where she played a
key role in product and business decisions. This role deepened her appreciation
for technology's potential to transform financial services, setting the stage
for her future endeavors.
Biography of Deepti Sanghi: Founder of Kudo (Fintech Startup)-Entrepreneur /Investor/Startup/Success story of Deepti Sanghi/Age/Kudo story/Life story
Inspiration and Founding Kodo
The idea for Kodo was born out of Deepti’s personal
experiences with financial services. Frustrated by the lengthy and cumbersome
process of obtaining a corporate card from her long-time bank, she saw an
opportunity to address this pain point. This frustration, combined with her
insights from working in fintech, led her to establish Kodo in 2019. The
startup was designed to streamline financial management for businesses,
offering a corporate card with an integrated expense management system.
Building Kodo: The Vision and Mission
Kodo’s mission is to alleviate the financial stress that
startups and businesses often face. Deepti envisioned Kodo as a solution to
simplify expense management, allowing businesses to focus on growth rather than
financial complications. The company’s core product is a corporate credit card
that integrates with a mobile app, making it easier for businesses to manage
expenses and track spending in real-time. This innovative approach aims to
transform how companies handle their finances.
Product Features and Innovations
Kodo’s platform offers several key features that set it
apart from traditional financial services. Businesses can issue multiple cards
to their team members, each linked to the Kodo app for seamless expense
reporting. The app automatically generates expense reports from uploaded
receipts, reducing manual processing and reimbursement hassles. Additionally,
Kodo Pay allows for direct payments to vendors through various methods,
including UPI and bank transfers, enhancing payment flexibility.
Partnering for Success
To support its operations and enhance its offerings, Kodo
has formed strategic partnerships with notable institutions. The startup
collaborates with the State Bank of Mauritius for card issuance and ICICI Bank
for other financial components. These partnerships enable Kodo to offer a
robust financial solution to its clients. Moreover, Kodo curates discounts with
companies like Amazon Web Services and Azure, adding additional value for its
users.
Clientele and Market Reach
Kodo has quickly established itself as a valuable player in
the fintech space, serving a diverse range of clients. Among its notable
customers are well-known startups and companies such as Groww, Inshorts,
MobiKwik, and Blue Tokai Coffee. This growing client base reflects Kodo’s ability
to meet the needs of modern businesses and underscores its effectiveness in simplifying
financial management.
Challenges and Resilience
Deepti’s journey has not been without challenges. The
transition from a stable career in investment banking to the uncertain world of
startups required significant courage and adaptability. The economic meltdown
and other hurdles tested her resilience, but her commitment to solving
financial problems for businesses kept her motivated. Her ability to navigate
these challenges has been instrumental in Kodo’s growth and success.
Impact and Future Vision
Deepti’s work with Kodo has made a significant impact on the
financial landscape for businesses. By addressing common pain points related to
corporate finance, Kodo has empowered startups to manage their finances more
efficiently. Looking ahead, Deepti envisions expanding Kodo’s offerings and
continuing to innovate in the fintech space. Her goal is to further simplify
financial processes and support the growth of businesses across various
sectors.
Legacy and Inspiration
Deepti Sanghi’s story is one of transformation and
innovation. From her early days in investment banking to her current role as a
fintech entrepreneur, her journey illustrates the power of combining industry
experience with a passion for solving real-world problems. Deepti’s success
with Kodo serves as an inspiration for aspiring entrepreneurs and highlights
the potential for technology to revolutionize traditional financial services.
Her legacy will likely continue to influence the fintech sector and support the
growth of businesses in the years to come.
Timeline for story
Early Life
Grows up in Delhi, inspired by entrepreneurial stories.
Education
Graduates in Economics from Lady Shri Ram College and MBA
from MDI, Gurugram.
Early Career
Works at SBI Capital Markets and Edelweiss Capital in
finance and M&A.
2016
Joins MoneyTap, focusing on fintech product development.
2019
Founds Kodo to simplify business financial management.
Product Features
Launches Kodo with corporate cards, expense reporting, and
direct payments.
Strategic Partnerships
Partners with State Bank of Mauritius and ICICI Bank, and
collaborates with AWS and Azure.
Clientele
Attracts clients like Groww, Inshorts, and MobiKwik.
Ongoing
Expands Kodo’s fintech solutions to enhance business
financial processes.
Legacy
Influences corporate finance and inspires future fintech
entrepreneurs.
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