EnKash Raises US$20M In Series B Funding
Summary
EnKash, a Mumbai, India-based Spends Management Platform and Corporate Cards company, raised US$ 20m as a part of its Series B funding round. The company intends to use the funds to continue to expand operations and its business reach. Founded by veterans in the cards and payments space – Naveen Bindal, Hemant Vishnoi and Yadvendra Tyagi, EnKash has been a pioneer in unifying cards and spend management and features financial automation tools, enabling businesses to manage payables, receivables and expenses on the fly, powered by a DIY-Platform first approach. The company has close to 120 employees and boasts processing annualized spends worth ~$2B on its platform. Other key metrics that EnKash tracks include 70K+ businesses and 500K+ issued cards.
Funding
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