Fintech Startup OmniCard Bags $3 Mn From Institutional Investors
Launched in 2021, OmniCard’s offering included a SaaS platform, mobile app, and UPI enabled corporate cards, caters to the diverse needs of businesses
OmniCard, a player in business spend management, has secured USD 3 million in funding from institutional investors, led by Ankurit Capital, VLS Finance and Taisys India.
This capital infusion will enhance OmniCard's technology infrastructure and expand its market presence. OmniCard is on track to become profitable, with the last two quarters already positive, aiming for a threefold expansion by next year.
Abhishek Saxena, MD and Co-founder of OmniCard says “We are growing rapidly as businesses seek a trusted financial management partner. Our goal is delivering immediate, measurable cost savings to over 10,000 enterprises by FY 2027, leveraging market trends to drive the next payments revolution.”
Launched in 2021, OmniCard’s comprehensive offering, including a SaaS platform, mobile app, and UPI-enabled corporate cards, caters to the diverse needs of businesses. OmniCard, having over 2 million users, licensed by the RBI for Prepaid Payment Instruments (PPI), ensures direct customer ownership and a trusted setup.
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