Enkash Raised $20 Million In A New Round Of Funding Led By Ascent Capital

Apr 04, 2022•over 3 years ago

Amount Raised

$20 Million

Bengaluru

Description

Bengaluru: Corporate expense management startup Enkash has raised $20 million in a new round of funding, led by Ascent Capital along with Baring India Private Equity Partners and Singapore-based White Ventures.

Company Information

Company

Enkash

Location

Bengaluru, Karnataka, India

About

The fintech startup operates a payments management platform for enterprises like issuing corporate cards. The Mumbai-based firm plans to utilise the capital to expand its offerings around banking-as-a-service, scaling up its ‘plug and play’ cards issuance stack and its geographical presence. The company has partnered with three NBFCs as of now,” Vishnoi said. The company is targeting MSMEs and businesses that report between Rs 10 crore and Rs 1,000 crore that are not served by bigger banks or neo-banks. Enkash has around 70,000 businesses and 500,000 issued cards. Enkash was founded in 2017 by former Citrus Pay executives- Naveen Bindal, Hemant Vishnoi and Yadvendra Tyagi.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Enkash Raised $20 Million In A New Round Of Funding Led By Ascent Capital

Description

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Company Information