Udita Pal
About Udita Pal
Udita Pal is the co-founder of SALT, a company established to address the challenges of international business payments, including high fees and bank account issues.
Udita Pal Co-founder of SALT
Udita Pal co-founded SALT with Ankit Parashar in January 2020. Inspired by her own experiences and those of her consulting clients, Pal aimed to address significant challenges in international business payments, such as the freezing of bank accounts and high transaction fees. By identifying these issues, she targeted a niche market need that had substantial demand for better solutions.
Udita Pal's Experience with Foreign Payments
Before founding SALT, Udita Pal accumulated extensive experience dealing with international companies in a consulting capacity. During this period, she encountered numerous issues related to foreign payments. These issues included bank accounts being frozen and exorbitant fees, which inspired her to create a more efficient solution for international business transactions.
Udita Pal's Education and Background
Udita Pal graduated from the prestigious Indian Institute of Technology (IIT) Kharagpur, which provided her with a strong foundation for her entrepreneurial ventures. Her educational background allowed her to understand complex technical and financial problems, facilitating the creation of innovative solutions like SALT.
Udita Pal in Forbes 30 under 30
In January 2017, Udita Pal was featured in the Forbes 30 under 30 list. This recognition highlighted her early accomplishments and set the stage for her later successes, including the founding of SALT. Her inclusion in the list underscores her influence and potential in the business and technology sectors.
Inspiration Behind SALT
The idea for SALT took root after Udita Pal experienced a banking issue during a trip to Singapore. This incident, along with her professional observations of similar problems, highlighted the inadequacies in existing international payment systems. Her goal with SALT was to create a smoother, more reliable experience for international business payments.