Fintech firm Enkash expects business to grow by 36% to Rs 250 crore this fiscal

Fintech firm Enkash expects its business to grow by 36% to $30 million, about Rs 250 crore, in this fiscal on account of digitisation in small and medium business in the accounting segment, a senior official of the company said. Ascent Capital-backed Enkash founder Hemant Vishnoi told PTI the company focuses on spends management of small and medium enterprises that have over Rs 10 crore annual turnover and expects the customer base to double in the current fiscal.

“We closed last financial year closer to $22 million revenue and we are targeting close to $30 million this year. We had a growth of 2.5 to 5 times on multiple business metrics,” Vishnoi said.