Founded by seasoned entrepreneur and angel investor Milan Ganatra, this advanced one-stop, API secured platform will become the next avant-garde solution introduced into the FinTech space
MUMBAI, India, Dec. 9, 2021 /PRNewswire/ -- 1SilverBullet, a one-of-its-kind transformational financial B2B gateway for three verticals within the financial services space: Investments, Insurance, and Lending, launched today. A COVID-born startup, 1SilverBullet has been introduced after 3 months of beta testing, with an aim to democratize and streamline workflows through technology. Serving as a fully digitized single point of contact protocol connecting investors and financial institutions, this revolutionary platform has been founded by serial entrepreneur, angel investor, and former CEO of Miles Software - Milan Ganatra.
For years the investment space in India has been a cluttered network of advisers, intermediaries, as well as insurance agents. All of which have resulted in excessive documentation and a disjointed infrastructure. Recognizing the need for a more secure workflow, 1SilverBullet was conceived as a comprehensive, tech-integrated platform for investors seeking trustworthy, transparent and efficient transactions. Functioning primarily as a B2B gateway infrastructure, this imaginative solution will build networks that allow businesses to communicate with financial product manufacturers through an API. Ultimately, enabling these businesses to provide investor-friendly experiences with intelligent tools to successfully facilitate transmissions of investment products like AIFs, MFs, PMS, and similar options.
With operations beginning at a nascent stage in March 2021, the company has already witnessed a strong start with 12 major customers on board so far; including Marcellus and Abakkus, all of which are substantial asset management firms. With 30+ new customers being on boarded in the next two months, 1SilverBullet's reach will encompass nearly a third of the country's significant PMS providers.
Commenting on the launch, Mr. Milan Ganatra, Founder & CEO, 1SilverBullet said, "Entrepreneurship has always been my calling and 1SilverBullet was my next big plunge after Miles Software. Infact, the idea behind 1SilverBullet came to me way back when I was there. In my dual role as tech provider and an investor, I witnessed the broken chain of communication firsthand. Heavily dependent on paper trails, this network was doing more harm than good and in some cases; even posing as a deterrent for potential investors. There needed to be a solution that plugged the gap."
"My extensive experience in the financial services and products industry gave me vision and insight into what a company like 1SilverBullet could become. The goal is to establish the company as a leading financial gateway not only in India, but also in other Asian countries, with an aim to achieve a topline of at least $200 million in the next 5 years. So far, with a team of young dynamic minds led by some incredibly seasoned voices we seem to be on track to achieve our audacious goals," he added.
Self-funded by Milan Ganatra himself, the company plans to broaden its verticals to alternative avenues that include travel, transportation, and much more as a following step after building a sustainable user-base. The venture plans to initiate a round of fundraising towards the end of the year.
About 1SilverBullet
1SilverBullet aims to democratize workflows through technology by enabling companies to build beautiful customer experiences, developer-friendly infrastructure, and intelligent tools that give everyone the ability to create amazing products that solve big problems. 1SilverBullet started building out technical infrastructure APIs that connect customers, traditional financial institutions, and developers building a secure and trusted layer of data flow using Blockchain technologies for industry participation and scalability.
Website - https://www.1silverbullet.tech/
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