Fintech startup EnKash issues over 2 lakh corporate cards

EnKash, a company of corporate and payment cards, on Tuesday, said it had issued more than 200,000 corporate cards to the entire Indian corporate environment, between February 2020 and July 2021.

EnKash launched its corporate card program at the beginning of the 2020 launch year, for small and medium-sized businesses. With businesses relying on corporate cards, the company said it saw rapid growth in its transaction prices by more than 150% per month for this calendar year.

The company said it saw a heavy demand from small to medium-sized businesses and empowered more than 70,000 businesses to make their payments to companies in one and a half years.

Naveen Bindal, founder of EnKash said the company’s growth is in line with the growing digital investment in the industry, which is currently proving the effect of global snowfall by many unicorns from this space.

“This global trend associated with covid-19 has raised an unprecedented need to rely on corporate cards in India. Business spending on corporate cards is a $ 500 billion investment in India and we have never scratched the surface. EnKash being the first distributor and direct leader in this area has clearly benefited from the resilience result and is preparing to raise the bar, “Bindal said.

With a fast-growing portfolio of corporate cards and an accurate financial management platform, Bindal said the company enables better performance and cash flow management for small and medium-sized businesses, without having to have high costs in automation.

Founded by cards and payment specialists Hemant Vishnoi, Naveen Bindal, and Yadvendra Tyagi, EnKash covers all aspects of corporate cards. The start of fintech has so far raised more than $ 3 million in Series A series from Mayfield India and Axilor Ventures, in April 2019.

Also Read:

Related:- How To Start A Business When You Have No Money

Related:- 12 Best Books for Entrepreneurs And Small Business Owners 2020

Follow Startupcolleges on Facebook, Instagram, Twitter, for the latest updates from the startup ecosystem. Subscribe to our YouTube Channel for more entrepreneurship, business, corporate solution videos.