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Kommunicate scales with multi-currency financing
Learn about how Kommunicate, an AI chatbot startup, used ECL financing in USD and INR to scale operations in multiple markets
September 10, 2024
5
Products launched
10+
Chatbot languages offered
industry
SaaS
Product
INR financing
use case
Get funding in multiple markets
Context
Kommunicate is a technology startup that has built an AI-powered customer service automation platform for enterprises. Their product provides flexible and scalable generative AI-powered chatbots to teams of all sizes - including globally leading clients like KPMG, GAP, Rakuten and Bridgestone.
Key takeaways
- Kommunicate had been boostrapped since its founding in 2020, and was looking to scale without dilution.
- They took USD financing from ECL to their US entity, and later leveraged INR financing to their INR entity.
- This allowed them to scale, while financing costs in two markets and two currencies.
Challenges
Solutions
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02
03
Results
Devashish Mamgain
The product is extremely competitively priced and transparent... they provide capital not just at the lowest rate, but also in a remarkably short turnaround time. I would recommend ECL wholeheartedly to any SaaS company that is looking to raise capital
Devashish Mamgain
Founder & CEO
