About Invoice Bazaar
Invoice Bazaar is a Financial Services company based in Dubai (United Arab Emirates) founded in 2016 by Ashok Balasubramanian, and was acquired by Triterras in May 2021. Business loans are provided via an online marketplace platform. It operates in the Financial Services and Technology sectors. Invoice Bazaar has raised $6.1 million across 3 funding rounds from investors including Advance Global Capital, Triterras and Apte Shirish. Its Indian entity Eciovni Technologies Private Limited reported revenue of ₹5.1 Lakh. Invoice Bazaar offers products and services including Invoice Finance, Amazon Seller Finance, Restaurant eCommerce Finance, and Payment Gateway Finance. Its focus areas include Enterprise Applications, SCM Software, Spend Management and Procure To Pay. Its competitors include Beehive and Reem Finance; 1 of its 2 listed competitors has raised funding.
Company details
InvoiceBazaar was established in 2016 in Dubai, United Arab Emirates, as an online marketplace focused on business financing. Invoice discounting, early payment processing, and supplier approvals are handled through the platform. Services include invoice financing, payment gateway financing, and inventory financing. Operations connect businesses with banks and lenders to streamline funding access in the fintech sector.
- Headquarters Dubai, United Arab Emirates
- Founders Ashok Balasubramanian
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Email••••••••
- Website invoicebazaar.com
- Social LinkedIn X
- Acquired by Triterras (May 2021)
- Legal Name Eciovni Technologies Private Limited
- Date of Incorporation 16 Mar, 2017
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹5.1 Lakh
FY 2020 · -26% YoY
- Indian entity net profit₹1.3 Lakh
FY 2020 · 26% margin
- Indian entity EBITDA₹2.1 Lakh
FY 2020 · 41% margin
- Total Equity Funding$6.1M (USD)
in 3 rounds
- Latest Funding Round$5M (USD), Series A
Oct 2017
- InvestorsAdvance Global Capital
& 2 more
- Acquired byTriterras
(May 2021)
Associated legal entities of Invoice Bazaar
Invoice Bazaar operates through Eciovni Technologies Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Eciovni Technologies Private Limited CIN U74999KA2017PTC101409 | Strike Off | 16 Mar 2017 | Bangalore, Karnataka | ₹0.1 Cr | 3 | View details |
Products & Services of Invoice Bazaar
Invoice Bazaar offers a comprehensive portfolio of products and services, including Invoice Finance, Amazon Seller Finance, Restaurant eCommerce Finance, and Payment Gateway Finance.
Service for cashing receivables based on client credit profiles
Finance against Amazon sales performance for working capital
Finance based on online delivery sales data
Finance against sales on payment gateways like PayTabs
Funding Insights of Invoice Bazaar
Invoice Bazaar has successfully raised a total of $6.1M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in October 2017. 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 $6.1M
- Total Rounds 3
- Last Round Series A — $5M
- First Round $1.1M
(Nov 2016)
- Investors Count 2
All 3 funding rounds of Invoice Bazaar 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 |
|---|---|---|---|---|---|
| Oct 2017 | $5M | Series A | – | Advance Global Capital | – |
| May 2017 | Angel Round | – | Apte Shirish | – | |
| Nov 2016 | $1.1M | Seed | – | Advance Global Capital | – |
3 investors in total: 2 institutional and 1 angel.
Investors in Invoice Bazaar
Invoice Bazaar has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include Advance Global Capital, Triterras and Apte Shirish.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Credit brokerage services are facilitated for financial clients internationally. | 2012 | advanceglobalcap.com | London, United Kingdom | |
Blockchain-enabled lending-as-a-service platform for businesses | 2018 | triterras.com | Singapore, Singapore | |
AS Apte Shirish | unknown_6bc2973ab5e349f1a |
Investor details for Invoice Bazaar
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
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Board of directors of Eciovni Technologies Private Limited (Invoice Bazaar)
Eciovni Technologies Private Limited is the primary company behind Invoice Bazaar. The board of Eciovni Technologies Private Limited currently have 3 directors; the longest-serving is Kolar Shankar Deepak, appointed in 2017. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kolar Shankar Deepak DIN 07750526 | Director | 16 Mar 2017 | 9 yrs 7 mo | Eciovni Technologies Private Limited |
| Rahul Arun Muley DIN 07696055 | Additional Director | 05 May 2017 | 9 yrs 6 mo | Eciovni Technologies Private Limited |
| Sumit Rungta DIN 08403881 | Director | 29 Mar 2019 | 7 yrs 7 mo | Eciovni Technologies Private Limited |
People of Invoice Bazaar
2 people are tracked at Invoice Bazaar (2 in leadership).
| Name | Role | Group |
|---|---|---|
Ashok Balasubramanian | Co-Founder | Leadership |
Dakshayani Sridhar | Leadership |
Complete people profiles for Invoice Bazaar
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 Invoice Bazaar
Figures of Eciovni Technologies Private Limited, the primary company behind Invoice Bazaar, for FY 2020. Revenue was ₹5.1 Lakh (-26% year on year). Net profit was ₹1.3 Lakh (26% margin). EBITDA was ₹2.1 Lakh (41% margin).
- ₹5.1 LakhRevenue · FY 2020 · -26% YoY
- ₹1.3 LakhNet profit · 26% margin
- ₹2.1 LakhEBITDA · 41% margin
- ₹2,000Paid-up capital
Balance sheet, profit and loss, cash flow and ratios of Eciovni Technologies Private Limited are on its company page.
Detailed financial statements for Invoice Bazaar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
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Timeline of Invoice Bazaar
4 dated milestones of Invoice Bazaar across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Invoice Bazaar is founded.
- Funding First funding round of $1.1M.
- Funding Latest funding round, Series A, of $5.0M.
- Exit Acquired by Triterras.
Competitors of Invoice Bazaar
Invoice Bazaar has 2 listed competitors in our database, 1 of them funded. They include Beehive and Reem Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| beehive.ae | 2014 | Dubai, United Arab Emirates | $9M | Sharia-compliant P2P business loans are facilitated through an online platform. | ||
| reemfinance.ae | 2007 | Abu Dhabi, United Arab Emirates | Consumer and business loans are provided in the UAE. |
Detailed competitors of Invoice Bazaar
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- Competitive positioning
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Related news about Invoice Bazaar
Complete news archive for Invoice Bazaar
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Frequently Asked Questions about Invoice Bazaar
Invoice Bazaar was founded in 2016.
Invoice Bazaar is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Invoice Bazaar is a funded company, having raised a total of $6.1M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on Nov 2016.
The primary company behind Invoice Bazaar, Eciovni Technologies Private Limited, reported revenue of ₹5.1 Lakh for FY 2020, down 26% year on year.
InvoiceBazaar was established in 2016 in Dubai, United Arab Emirates, as an online marketplace focused on business financing. Invoice discounting, early payment processing, and supplier approvals are handled through the platform. Services include invoice financing, payment gateway financing, and inventory financing. Operations connect businesses with banks and lenders to streamline funding access in the fintech sector.
Invoice Bazaar's top competitors include Beehive and Reem Finance.
Invoice Bazaar offers Invoice Finance, Amazon Seller Finance, Restaurant eCommerce Finance, and Payment Gateway Finance.
Invoice Bazaar has 3 investors. Key investors include Advance Global Capital, Triterras, and Apte Shirish.
Invoice Bazaar operates through Eciovni Technologies Private Limited.
Yes. Invoice Bazaar was acquired by Triterras in May 2021.
The legal entities of Invoice Bazaar currently have 3 directors, including Sumit Rungta, Rahul Arun Muley, Kolar Shankar Deepak.