Stavtar

Overview

Stavtar Solutions, founded in 2017 by Steven Petersen and Avtar Batth, is a private software and technology services company specializing in cloud-based business management solutions for financial service firms and asset managers. Based in New York City, Stavtar provides customized SaaS platforms designed to streamline complex business workflows, particularly focusing on back-office operations. As of August 2025, Stavtar has raised approximately $60.26 million in funding, including a recent $55 million injection from Elephant to further expand its operations.

Recent Developments

August 2025: Stavtar announced a significant investment of $55 million from Elephant to scale its operations and broaden its customer base. This funding will be utilized to enhance artificial intelligence and mobile capabilities, aiming to offer CFOs and finance teams better control and visibility over expenses.
May 2025: Stavtar appointed Jeffrey Gelfand, a seasoned operations leader, as its first advisor to spearhead innovation and growth.
April 2025: Jared Libby joined the company as Director of Business Development, signaling Stavtar's commitment to expanding its market reach.
March 2025: In a bold marketing move, Stavtar signed Frankie Capan III, a rising PGA Tour star, as a brand ambassador, reflecting the company’s intention to enhance brand visibility.
2024: Stavtar focused on expanding its workforce in India, growing its offices in Bengaluru and Mumbai, to tap into the region’s talent pool.
Early 2024: The company launched several product updates aimed at automating and simplifying vendor and contract management, which received positive feedback from clients for improving operational efficiency.

Attribute	Information
Founding Date	2017
Headquarters	New York City, NY, USA
Founders	Steven Petersen, Avtar Batth
Revenue	Not publicly disclosed
Profits	Not publicly disclosed
Key Investors	Elephant
Industry	Financial Services, Software as a Service (SaaS)
Number of Employees	Not publicly disclosed

Early History

Stavtar's inception was driven by founders Steven Petersen and Avtar Batth's experiences with the cumbersome reliance on manual processes at hedge funds. Combining their expertise in finance and technology, they envisioned a platform to address and simplify these complexities. Initially set up in New York, the company began its journey by crafting software solutions tailored for alternative asset managers. By 2019, Stavtar launched key products like StavPay, gaining traction among major financial institutions for automating back-office workflows.

Company Profile and Achievements

Stavtar's business model revolves around providing specialized SaaS platforms designed for complex financial workflows. Its key offerings include:

StavPay: Focuses on automating vendor and contract management.
StavTask: Handles task management for finance teams.
Stavaway & StavOrg: Offer solutions for legal entity information and organizational management.
Key Achievements:
- Secured over 100 clients managing $2.4 trillion in assets.
- Achieved over 1300% growth in three years.
- Expanded offices to major global cities including Dallas, London, Mumbai, and Bengaluru.
- Recognized for its innovative approach to streamlining complex financial operations.

Current Operations and Market Position

Stavtar currently serves as a pivotal player in the fintech industry, providing cutting-edge SaaS solutions. Its platforms empower alternative investment firms to significantly reduce manual work and operational risk. With a keen focus on automation and real-time expense management, Stavtar positions itself as a leader in transforming financial operations.

Conclusion

Stavtar Solutions stands as a formidable entity in the fintech space, dedicated to transforming financial management through innovative technologies. By continuously adapting and expanding its offerings, Stavtar is positioned to shape the future of financial service operations. The recent funding and strategic hires further underscore its growth potential and impact in making financial workflows more intuitive and efficient for asset managers globally.