About EnKash
EnKash is a company based in Mumbai (India) founded in 2018 by Naveen Narendra Bindal, Hemant Vishnoi, and Yadvendra Singh Tyagi. EnKash has raised $23.5 million across 3 funding rounds from investors including Axilor Ventures, Ascent Capital and Baring Private Equity Partners. The company has 136 employees as of April 05, 2024. EnKash offers products and services including Payment Gateway, Expense Management, Corporate Credit Cards, Prepaid Cards, and Vouchers. EnKash operates in a competitive market with competitors including Zaggle, Sodexo, Karbon, Jeeves and Happay, among others.
- Headquarter Mumbai, India
- Employees 136 as on 05 Apr, 2024
- Founders Naveen Narendra Bindal, Hemant Vishnoi, Yadvendra Singh Tyagi
- Stage Minicorn
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Nehat Tech Solutions Private Limited
- Date of Incorporation 20 Apr, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$8.92 M (USD)262.67as on Mar 31, 2022
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Net Profit
-$1.71 M (USD)-196as on Mar 31, 2022
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EBITDA
-$1.67 M (USD)-219.44as on Mar 31, 2022
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Total Equity Funding
$23.5 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series B
Mar 10, 2022
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Investors
Axilor Ventures
& 4 more
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Employee Count
136
as on Apr 05, 2024
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Products & Services of EnKash
EnKash offers a comprehensive portfolio of products and services, including Payment Gateway, Expense Management, Corporate Credit Cards, Prepaid Cards, and Vouchers.
Gateway for collecting payments via cards, UPI, and net banking.
System to track and optimize business expenses across departments.
Customized cards for enhancing cash flow and expense control.
Cards for specific uses like meals and travel with spending limits.
Options for brand vouchers to support gifting and incentives.
Platform for recognizing employees and partners through rewards.
People of EnKash
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Funding Insights of EnKash
EnKash has successfully raised a total of $23.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in EnKash
EnKash has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Axilor Ventures, Ascent Capital and Baring Private Equity Partners.
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Venture capital fund focused on fintech startups
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Private equity firm focusing on buyouts and investments in multiple sectors
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AscentCapital is engaged in potato farming, grain marketing, and equipment services in Maine.
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Investor details for EnKash
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Investments & Acquisitions by EnKash
Investment portfolio details for EnKash
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Financial Statements - EnKash
Detailed financials for EnKash
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Enkash Comparisons
Peer comparison for EnKash
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Competitors of EnKash
EnKash operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zaggle, Sodexo, Karbon, Jeeves and Happay, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Business spends, payments, and rewards are streamlined by automated workflows.
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Employee benefits payment cards are provided via an online platform.
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International payment and corporate expense solutions are offered to businesses.
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Payment and corporate financial cards are provided digitally by Jeeves.
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Expense management software and corporate cards are offered to businesses.
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Detailed competitors of EnKash
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Latest news on Enkash
Complete news archive for EnKash
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Frequently Asked Questions about EnKash
EnKash was founded in 2018.
EnKash is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
EnKash is a funded company, having raised a total of $23.5M across 3 funding rounds to date.
As of Apr 05, 2024, the latest employee count at EnKash is 136.
Annual revenue of EnKash is $8.92M as on Mar 31, 2022.
EnKash was founded in 2018 in Mumbai, India, within the fintech sector. A platform for business spend management and payment solutions is operated, encompassing tools for payment collection, vendor payments, expense tracking, and corporate cards. Expense management is enabled across departments, supported by prepaid cards for diverse applications and rewards programs. APIs, integrations, workflow management, and analytics are supplied to handle financial operations.
EnKash offers Payment Gateway, Expense Management, Corporate Credit Cards, Prepaid Cards, and 2 more products and services.
EnKash has 5 investors. Key investors include Axilor Ventures, Ascent Capital, Baring Private Equity Partners, White Venture Capital, and Mayfield.
The valuation of EnKash is $64.48M as of Mar 2022.