Blostem

Blostem is B2B banking infrastructure that lets fintechs and digital platforms offer Fixed Deposits and Recurring Deposits from multiple banks and NBFCs through a single API and white-label SDK. Founded in 2021 by Sandeep Garg, Ravi Jain, Uday Sharma, and Pankaj Pratap Singh, the Delhi-based company handles KYC, payments, VKYC, portfolio views, compliance, and bank onboarding so partners ship in days instead of building issuer-by-issuer integrations. The FD stack connects 10+ issuers including small finance banks and finance companies such as Suryoday, Unity, Utkarsh, Shivalik, Shriram Finance, Bajaj Finance, and Mahindra Finance. Deposits booked via Blostem carry standard DICGC insurance up to regulatory limits where applicable. Partners include MobiKwik, Upstox, Zerodha (via Coin), Jupiter, and 30+ other platforms. The company has raised about $1.4M total, including seed from AC Ventures and a Pre-Series A from Zerodha's Rainmatter. One FD SDK replaces a maze of bank APIs, distribution infrastructure for India's savings products on consumer fintech rails.