About Prexspend
Prexspend is a Technology company based in Kowloon (China) founded in 2020 by Vishal Mehta. It offers a cloud-based, AI-enabled source-to-pay software suite for businesses. It operates on a B2B model. Its focus areas include Software, Procurement Solutions and Source-to-Pay. Its legal entity in India is Esiwise Technologies Private Limited (U72900WB2019PTC234754). Similar companies include Coupa, Airbase, Bizongo, Procurify and Ivalua and 5 more; 9 of its 10 listed similar companies have raised funding.
Company details
Prexspend, based in Kowloon, focuses on leveraging cutting-edge technology, software, offering procurement solutions, and source-to-pay. Offers a cloud-based, AI-enabled source-to-pay software suite for businesses. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Kowloon, China
- Founders Vishal Mehta
- SectorsTechnology
- Website prexspend.com
- Legal Name Esiwise Technologies Private Limited
- Date of Incorporation 15 Nov, 2019
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹3,150
FY 2023 · -99% YoY
- Net Loss-₹39,401
FY 2023 · -1251% margin
- EBITDA-₹13,048
FY 2023 · -414% margin
Associated legal entities of Prexspend
Prexspend operates through Esiwise Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Esiwise Technologies Private Limited CIN U72900WB2019PTC234754 | Active | 15 Nov 2019 | Kolkata, West Bengal | ₹0.0 Cr | – | 2 | View details |
Board of directors of Esiwise Technologies Private Limited (Prexspend)
Esiwise Technologies Private Limited is the primary company behind Prexspend. The board of Esiwise Technologies Private Limited currently have 2 directors; the longest-serving is Suhel Coomar, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Suhel Coomar DIN 08611967 | Director | 15 Nov 2019 | 6 yrs 11 mo | Esiwise Technologies Private Limited |
| Vishal Mehta DIN 08940651 | Additional Director | 01 Nov 2020 | 5 yrs 11 mo | Esiwise Technologies Private Limited |
People of Prexspend
1 people are tracked at Prexspend (1 in leadership).
| Name | Role | Group |
|---|---|---|
| ex-Co-Founder | Leadership |
Complete people profiles for Prexspend
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Financials of Prexspend
Figures of Esiwise Technologies Private Limited, the primary company behind Prexspend, for FY 2023. Revenue was ₹3,150 (-99% year on year). Net loss was -₹39,401 (-1251% margin). EBITDA was -₹13,048 (-414% margin).
- ₹3,150Revenue · FY 2023 · -99% YoY
- -₹39,401Net loss · -1251% margin
- -₹13,048EBITDA · -414% margin
- ₹1.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Esiwise Technologies Private Limited are on its company page.
Detailed financial statements for Prexspend
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Similar companies to Prexspend
Prexspend has 10 listed similar companies in our database, 9 of them funded. They include Coupa, Airbase, Bizongo, Procurify and Ivalua, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for businesses. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| procurify.com | 2012 | Vancouver, Canada | $82.49M | – | SaaS spend management software is used to automate procure-to-pay operations. | |
| ivalua.com | 2000 | Redwood, United States | $134.45M | 236 | Procurement management solutions are delivered for business operations. | |
| logicsource.com | 2009 | Norwalk, United States | $205.68M | 196 | Cloud-based sourcing and procurement solutions are provided for multiple industries. | |
| tradeshift.com | 2010 | San Francisco, United States | $1.24B | – | Cloud-based source-to-pay management solutions are provided for businesses. | |
| cashflo.io | 2019 | Mumbai, India | $12.77M | 54 | Provider of accounts payable automation, payment, compliance, and vendor management software | |
| esker.com | 1985 | Middleton, United States | – | 223 | AI and cloud-enabled source-to-pay automation solutions are provided for businesses. | |
| tropicapp.io | 2020 | New York, United States | $67.1M | – | Cloud-based procurement management solutions are offered for multiple industries. |
Detailed similar companies of Prexspend
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Top companies in Procurement & Supply Chain IT
10 companies that operate in the same segment as Prexspend (Procurement & Supply Chain IT), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based end-to-end spend management software is delivered for businesses. | 2006 | San Mateo, California, United States | USD 169 M | USD 39.68 M | 3,711 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | – | USD 3.59 B | 12,100 | |
Zebra Technologies is recognized for providing intelligent operation solutions globally. | 1969 | Lincolnshire, Illinois, United States | – | USD 5.43 B | 9,900 | |
AI and cloud-based supply chain management solutions are provided. | 1985 | Scottsdale, Arizona, United States | USD 800 M | – | – | |
AI and SaaS-based robots for warehouse automation are provided. | 2012 | Roswell, United States | USD 545.23 M | USD 39.76 M | 553 | |
Provider of supply chain financing solutions for small and medium enterprises | 2017 | Mumbai, Maharashtra, India | USD 269.95 M | USD 48.5 M | 1,506 | |
AI-based electronic invoicing and supply chain management solution for businesses | 2009 | San Francisco, California, United States | USD 220.46 M | – | 185 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M | – | – | |
AI-powered software for legal contract management is utilized. | 2012 | Lehi, Utah, United States | USD 170.95 M | – | 1,164 | |
Procure-to-pay management software is offered for business operations. | 2017 | San Francisco, California, United States | USD 90.5 M | – | – |
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Frequently Asked Questions about Prexspend
Prexspend was founded in 2020.
Prexspend is headquartered in Kowloon, China. It is registered at Kowloon, Hong Kong, China.
The primary company behind Prexspend, Esiwise Technologies Private Limited, reported revenue of ₹3,150 for FY 2023, down 99% year on year.
Prexspend, based in Kowloon, focuses on leveraging cutting-edge technology, software, offering procurement solutions, and source-to-pay. Offers a cloud-based, AI-enabled source-to-pay software suite for businesses. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Prexspend operates through Esiwise Technologies Private Limited.
The legal entities of Prexspend currently have 2 directors, including Suhel Coomar, Vishal Mehta.