About EzoBanks
EzoBanks is a company based in Thane (India) founded in 2022 by Makarand Kate. EzoBanks has raised $680.51 thousand across 2 funding rounds from investors including Arali Ventures, ITUS Capital and Abhishek Goyal. The company has 148 employees as of October 31, 2024. EzoBanks operates in a competitive market with competitors including Billtrust, SumUp, Paymentus, Vyapar and PayStand, among others.
- Headquarter Thane, India
- Employees 148 as on 31 Oct, 2024
- Founders Makarand Kate
- Stage Minicorn
-
Sectors
Technology
-
Phone
*********
-
Website
*********
-
Annual Revenue
$61.74 K (USD)-82as on Mar 31, 2024
-
Net Profit
$2.06 K (USD)-62as on Mar 31, 2024
-
EBITDA
$17.36 K (USD)23as on Mar 31, 2024
-
Total Equity Funding
$680.51 K (USD)
in 2 rounds
-
Latest Funding Round
$569.31 K (USD), Seed
Jul 07, 2023
-
Investors
Arali Ventures
& 19 more
-
Employee Count
148
as on Oct 31, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of EzoBanks
EzoBanks has successfully raised a total of $680.51K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $569.31 thousand completed in July 2023. 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $569,310
-
First Round
First Round
(03 Jan 2023)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Seed - EzoBanks | Valuation |
investors |
|
| Jan, 2023 | Amount | Angel Round - EzoBanks | Valuation | Priya Jawale , Sandeep Kate |
Investors in EzoBanks
EzoBanks has secured backing from 20 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Arali Ventures, ITUS Capital and Abhishek Goyal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investment in B2B tech startups at pre-seed and seed stages across various sectors.
|
Founded Year | Domain | Location | |
|
Offers asset management through PMS for growth-focused investments in public markets.
|
Founded Year | Domain | Location | |
|
AG
Abhishek Goyal |
Founder of Tracxn, active angel investor in Indian startups
|
Founded Year | Domain | Location |
Investments & Acquisitions by EzoBanks
Financial Statements - EzoBanks
Ezobanks Comparisons
Competitors of EzoBanks
EzoBanks 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 Billtrust, SumUp, Paymentus, Vyapar and PayStand, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Invoice and payment management solutions are offered for small businesses.
|
|
| domain | founded_year | HQ Location |
Provider of mPOS solution and card reader for offline retailers
|
|
| domain | founded_year | HQ Location |
Comprehensive billing and payment solution provider
|
|
| domain | founded_year | HQ Location |
Cloud-based invoicing and inventory tools for small businesses are provided.
|
|
| domain | founded_year | HQ Location |
Payment processing for bitcoin, e-checks, and credit cards is facilitated.
|
|
| domain | founded_year | HQ Location |
An app-based invoicing solution is provided for small businesses.
|
Latest news on Ezobanks
Frequently Asked Questions about EzoBanks
EzoBanks was founded in 2022 and raised its 1st funding round 1 year after it was founded.
EzoBanks is headquartered in Thane, India. It is registered at Thane, Maharashtra, India.
EzoBanks is a funded company, having raised a total of $680.51K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $111.2K, raised on Jan 03, 2023.
As of Oct 31, 2024, the latest employee count at EzoBanks is 148.
Annual revenue of EzoBanks is $61.74K as on Mar 31, 2024.
EZO was founded in 2022 in Thane, India, by co-founder Makarand Kate. The company operates in the fintech sector, providing an online platform for bill management and customer expense tracking. Services are centered on streamlining financial processes for users, with a focus on digital tools accessible through ezobanks.com. Operations are based in India, targeting local business and individual needs in expense oversight.
EzoBanks has 20 investors. Key investors include Arali Ventures, ITUS Capital, Abhishek Goyal, Priya Jawale, and Sandeep Kate.
The valuation of EzoBanks is $1.32M as of Jan 2023.