India based banking software startup raised $250m in Series D funding led by SoftBank Vision Fund 2.
“Banks are still stuck in the ’80s. Many of them still use COBOL programming language. They offer poor user experience,” said Turakhia in a press briefing Monday, adding that to make up for it, banks end up working with dozens of vendor and technology partners. “Nobody thought of building the bank stack from the ground up. Until now.”