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. EzoBanks operates in a competitive market with competitors including Billtrust, SumUp, Paymentus, Vyapar and PayStand, among others.
- Headquarter Thane, India
- Employees 148
- Founders Makarand Kate
- Stage Minicorn
- SectorsTechnology
- Website ezobanks.com
- 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$680.51K (USD)
in 2 rounds
- Latest Funding Round$569.31K (USD), Seed
Jul 2023
- InvestorsArali Ventures
& 19 more
- Employee Count148
Associated legal entities of EzoBanks
EzoBanks is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ezo Technologies Private Limited CIN U72900MH2022PTC385753 | Active | 29 Jun 2022 | Thane, Maharashtra | ₹11.7 Cr | 128 | 3 | View details |
| Rse Legaldocs Private Limited CIN U74999MH2018PTC308562 | Active | 25 Apr 2018 | Navi Mumbai, Maharashtra | ₹0.5 Cr | 95 | 2 | View details |
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 $680,513
- Total Rounds 2
- Last Round Seed — $569,310
- First Round $111,203
(Jan 2023)
- Investors Count 20
All 2 funding rounds of EzoBanks with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2023 | $569,310 | Seed | – | – | |
| Jan 2023 | $111,203 | Angel Round | $1.32M | Priya Jawale, Sandeep Kate |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2023 | $1.32M | •••••••• |
Last known valuation $1.32M (Jan 2023). 20 investors in total: 2 institutional and 18 angel.
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. | 2018 | araliventures.in | Bengaluru, India | |
Offers asset management through PMS for growth-focused investments in public markets. | 2017 | ituscapital.com | Chennai, India | |
AG Abhishek Goyal | Founder of Tracxn, active angel investor in Indian startups | – | unknown_e5f26f125e614490a | - |
PJ Priya Jawale | - | – | unknown_fc63a794b45348d6b | - |
SK Sandeep Kate | - | – | unknown_d0a39231db5045c8b | - |
SD Sachin Dixit | - | – | unknown_44f38a8867104abf8 | - |
NT Namrata Titare | - | – | unknown_fed4588e80ac4ced8 | - |
AK Ashwin Kishor Pawade | - | – | unknown_aafec924634843d0b | - |
SR Soumya Reddy | - | – | unknown_484802f1936e4060a | - |
PS Prathamesh Sakarkar | - | – | unknown_156838cd14cb49609 | - |
Investor details for EzoBanks
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of EzoBanks
The boards of the 2 registered companies of EzoBanks currently have 5 directors; the longest-serving is Shrishail Ravindra Thote, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shrishail Ravindra Thote DIN 07972428 | Director | 25 Apr 2018 | 8 yrs 5 mo | Rse Legaldocs Private Limited |
| Gauravkumar Gajanan Kate DIN 07708598 | Director | 29 Jun 2022 | 4 yrs 3 mo | Ezo Technologies Private Limited |
| Makarand Arvind Kate DIN 07972474 | Director | 29 Jun 2022 | 4 yrs 3 mo | Ezo Technologies Private Limited |
| Shubham Shamakant Augad DIN 10099811 | Additional Director | 20 Mar 2023 | 3 yrs 6 mo | Rse Legaldocs Private Limited |
| Sujata Krishnan DIN 09342096 | Nominee Director | 07 Jul 2023 | 3 yrs 3 mo | Ezo Technologies Private Limited |
People of EzoBanks
1 people are tracked at EzoBanks (1 in leadership); the tracked headcount is 148.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for EzoBanks
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of EzoBanks
Figures of Ezo Technologies Private Limited, the primary company behind EzoBanks, for FY 2024. Revenue was ₹11.72 Cr (+193% year on year). Net loss was -₹1.18 Cr (-10% margin). EBITDA was -₹1.14 Cr (-10% margin).
- ₹11.72 CrRevenue · FY 2024 · +193% YoY
- -₹1.18 CrNet loss · -10% margin
- -₹1.14 CrEBITDA · -10% margin
- ₹1.3 LakhPaid-up capital
- 128Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Ezo Technologies Private Limited are on its company page.
Detailed financial statements for EzoBanks
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of EzoBanks
4 dated milestones of EzoBanks across 1 years, from founding to its latest funding, stage changes and deals.
- Founded EzoBanks is founded.
- Funding First funding round of $111K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $569K.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| billtrust.com | 2001 | Hamilton Township, United States | $105M | – | Invoice and payment management solutions are offered for small businesses. | |
| sumup.com | 2012 | London, United Kingdom | $994.33M | – | Provider of mPOS solution and card reader for offline retailers | |
| paymentus.com | 2004 | Atlanta, United States | $23.6M | 1,273 | Comprehensive billing and payment solution provider | |
| vyaparapp.in | 2016 | Bengaluru, India | $35.89M | 1,155 | Cloud-based invoicing and inventory tools for small businesses are provided. | |
| paystand.com | 2013 | San Francisco, United States | $77M | 46 | Payment processing for bitcoin, e-checks, and credit cards is facilitated. | |
| invoice.2go.com | 2002 | Palo Alto, United States | $60M | 28 | An app-based invoicing solution is provided for small businesses. | |
| paylease.com | 2003 | San Diego, United States | – | 328 | Payment solutions are offered to the property management sector. | |
| invoicecloud.net | 2009 | Braintree, United States | – | 764 | Cloud-based invoicing and payment solutions are offered to businesses. | |
| paysimple.com | 2006 | Denver, United States | $137.29M | 3,016 | Online payment and invoicing solutions are offered to small businesses. | |
| vcita.com | 2010 | Bellevue, United States | $15M | – | Business management software is provided for small businesses. |
Detailed competitors of EzoBanks
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to EzoBanks
10 companies that operate in the same segment as EzoBanks (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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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 2023.
EzoBanks has 148 employees.
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.
EzoBanks is associated with 2 legal entities: Ezo Technologies Private Limited, Rse Legaldocs Private Limited.
The legal entities of EzoBanks currently have 5 directors, including Sujata Krishnan, Gauravkumar Gajanan Kate, Makarand Arvind Kate and others.