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.