Happay

digital cardsb2b fintech

FOUNDING YEAR: 2012
LOCATION: India
Last Update: 19/01/2021

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About

Happay is the most widely used and implemented solution in the Indian T&E software space. Having worked with 6000+ clients across 40+ verticals, we can work with businesses of any size to create a tailor-made platform for financial success. Best ecosystem of partners: File-based, SFTP and API-based integrations with HRMS, TMCs, ERPs, Accounting, CRM softwares; partnership with travel apps such as UberSimplified expense filing removes stress and improves company productivity: User friendly by design, our app with supreme UI/UX is used and loved by over 10,000 users with a rating of 4.5 stars.Intelligent policy detection system flags policy violations: Using Happays AI-powered policy and approval engine, managers and finance teams are able to approve expense claims, control leakage and ensure compliance.Disburse employee tax benefits digitally and in real time! Our direct partnership with banks coupled with custom configuration feature enables the HR and finance team to implement digital reimbursements as per policies of the organisation. Powerful Automation that drives intelligent business decisions: Get granular visibility into organisation-wide expenditure for more informed business decisions.Pan India Support: 24*7 helpline, plus a team of dedicated Account Managers for transition and implementation

MEDICI Analysis

Happay is a prepaid card based, business expense management solution that automates client’s expense workflow from purchase to accounting, and enables real-time visibility and control over employee spending.

Focus

PRODUCTS & SERVICES

Prepaid card - Used for travel, fuel, accommodation, utility payments, petty cash expenses etc. Happay helps organisations fund business expenses easily, quickly & achieve real-time visibility with control over all business expenditures.

REVENUE MODEL

Company generates revenue by per account basis and follows pay-as-you-use model.

MAIN CLIENTS

Grofers

Habanero

Subway

Ayurveda hospitals

FreeCharge

Urban Ladder

Knowlarity Solutions

etc.

EXISTING PARTNERSHIPS

RBL Bank - To offer prepaid cards for corporates. Visa - To enable payment services

PRIMARY PROBLEM SOLVED

Expense Management

COMMENT

Happay provides both - a corporate expense card and an expense management platform in one sophisticated solution.

People

FOUNDERS

Anshul Rai

Varun Rathi

NUMBER OF EMPLOYEES

201-500

INVESTORS:

AME Cloud Ventures

Axiom Capital

Brad Garlinghouse

Greyhound Capital

Prime Venture Partners

Sequoia Capital

TLabs

AXIOM Venture Capital

Ben Nelson

KEY EMPLOYEES:

Varun Rathi(COO); Anshul Rai(CEO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

4

TOTAL FUNDING

$10.94 M

DATE OF LAST FUNDING

May 2019

IPO STATUS

Private

ESTIMETED REVENUE RANGE

$1M to $10M

SEED & PRIOR FUNDING

$500 K

SEED CLOSED ON

Apr 2015

FUNDING SERIES

SERIES A  · $7.2 M  · Jul 2015

SERIES B  · $248.5 K  · Feb 2018

OTHERS  · $2.99 M · May 2019

LISTED

NO

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

91,503

AVERAGE VISITS (6 MONTHS)

143,956.34

MONTHLY VISITS GROWTH

-18.03%

VISIT DURATION

565

VISIT DURATION GROWTH

-28.25%

PAGE VIEWS VISIT

12.19

PAGE VIEWS VISIT GROWTH

-8.25%

BOUNCE RATE

17.44%

BOUNCE RATE GROWTH

0.94%

GLOBAL TRAFFIC RANK

206,024

MONTHLY RANK CHANGE

-14,285

MONTHLY RANK GROWTH

-6.48%

Innovation Programs

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Happay

About

Happay is a prepaid card based, business expense management solution that automates client’s expense workflow from purchase to accounting, and enables real-time visibility and control over employee spending.

Focus

PRODUCTS & SERVICES

Prepaid card - Used for travel, fuel, accommodation, utility payments, petty cash expenses etc. Happay helps organisations fund business expenses easily, quickly & achieve real-time visibility with control over all business expenditures.

REVENUE MODEL

Company generates revenue by per account basis and follows pay-as-you-use model.

TOP PROBLEM SOLVED

Expense Management

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

-- Corporate Cards - prepaid / credit -- Expense Management -- Vendor Management

KEY DIFFERENTIATORS

-- Real-time view of txns -- Pre-txn control -- Post-txn support for expense management

Traction

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

People

NUMBER OF EMPLOYEES

51-200

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO