EnKash raises $20 Mn in Series B via Ascent Capital, others
- ByStartupStory | April 5, 2022
As a part of its Series B round, EnKash, the fintech startup has raised $20 million led by Ascent Capital and joined by Baring India & Singapore-based White Ventures. Existing investors, Axilor Ventures and Mayfield India also participated in the round.
Enkash was founded by Naveen Bindal, Hemant Vishnoi and Yadvendra Tyagi in 2018, EnKash provides financial automation tools to manage receivables, payables & expenses for startups and SMBs.The company also offers corporate cards with Spend Controls and DIY Card Management
Two years ago, the Mumbai-based startup had roughly 30 employees and it is close to 120 employees at present. Over 70K businesses has been tracked and over 500K has been issued cards by the startup.
Previously, as a part of its Series A round in 2019, EnKash had raised $3 million from Mayfield and Axilor Ventures. By Axilor Ventures, the company was seed funded.
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