EnKash Raises US$20M In Series B Funding
- EnKash, a Mumbai, India-based Spends Management Platform and Corporate Cards company, raised US$ 20m as a part of its Series B funding round
- The round was led by Ascent Capital with participation from Baring India and White Ventures and existing investors Mayfield India and Axilor Ventures
- The company intends to use the funds to continue to expand operations and its business reach
- The company has close to 120 employees and boasts processing annualized spends worth ~$2B on its platform
- Other key metrics that En Kash tracks include 70K+ businesses and 500K+ issued cards
