Happay

digital cardsb2b fintech

FOUNDING YEAR: 2012
LOCATION: India
Last Update: 17/07/2020

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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.

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

KEY EMPLOYEES:

Varun Rathi(COO); Anshul Rai(CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$10.94 M

DATE OF LAST FUNDING

May 2019

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

Innovation Programs

BASICS

FOUNDING YEAR:

2012

LOCATION:

India

Views:

255 VISITORS | 465 VIEWS
LATEST FUNDING ROUND

$10.9 M

TOTAL EMPLOYEES
201-500

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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+
Momentum+
People+
Other+

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