Enkash has raised $20 million in a Series B round led by Ascent Capital, Baring India, and Singapore-based White Ventures.
Existing investors Mayfield India and Axilor Ventures also invested in the round, the startup said.
EnKash helps businesses manage their finances on one central platform. It enables businesses to manage their payables/receivables and expenses, as well as issue corporate cards to employees.
The company intends to cut short the cycles of manual work and processes while offering products and services in a completely DIY mode on our platform. The customer should not be hassled with multiple platforms, banking portals, and manual coordination to get the right product.