EaseBuzz, a Pune-based startup founded in 2017 by Rohit Prasad and Vikram Kumar, has emerged as a prominent player in the B2B space, providing API-driven payment gateway services to small and medium enterprises (SMEs). This article delves into the journey of EaseBuzz, its founders' vision, and its commitment to revolutionizing digital payments for SMEs in India.
Founders with a Vision:
Rohit Prasad and Vikram Kumar, both hailing from middle-class Indian families, completed their MBA from Symbiosis Centre for Information Technology (SCIT) in Pune. Despite securing respectable job opportunities, the duo's entrepreneurial spirit led them to establish a digital marketing firm called SRV Media. The success of their initial venture fueled their ambition to create something bigger, resulting in the birth of EaseBuzz in 2017.
Revolutionizing Payment Solutions:
EaseBuzz's inception was facilitated by the founders' personal savings of Rupees 15 lakhs, demonstrating their strong belief in the venture's potential. The company focuses on offering a payment structure startup designed to cater specifically to the unique requirements of small and medium enterprises.
Recognizing the challenges faced by these businesses, particularly in managing payment collections through costly third-party vendors, EaseBuzz aims to streamline payment processes. Its comprehensive range of financial and supplementary services enables businesses to transition seamlessly to digital frameworks for transactions, collections, and settlements.
API-driven Approach:
EaseBuzz stands out in the industry for its commitment to developing robust Application Programming Interfaces (APIs). These APIs allow businesses to integrate EaseBuzz's fintech services directly into their existing software or ERP systems. This integration empowers stakeholders, including software developers, ERP players, CRM, and other relevant parties, with customizable financial services that align with their unique requirements.
The company's focus on seamless API integration ensures that businesses can effortlessly incorporate various EaseBuzz products into their B2B software or web portals, enhancing operational efficiency and customer experience.
Impressive Growth Trajectory:
The success of EaseBuzz is evident from its financial performance. In FY23, the company reported revenue from operations of Rupees 236 crore, reflecting an impressive 92.2% surge from the previous fiscal year's revenue of Rupees 122.8 crore. This remarkable growth can be attributed to the company's dedication to providing top-notch payment solutions and building strong partnerships with various stakeholders in the industry.
Future Aspirations:
Looking ahead, EaseBuzz has set its sights on a potential public listing in the next three to five years. This move aligns with the company's vision to expand its reach, attract more investors, and continue its mission of empowering SMEs with innovative payment solutions.
Conclusion:
EaseBuzz's journey from a small startup founded with personal savings to a leading player in the B2B payment gateway domain showcases the determination and vision of its founders, Rohit Prasad and Vikram Kumar. By offering API-driven payment solutions and collaborating with various stakeholders, EaseBuzz has revolutionized the digital payment landscape for SMEs in India. As it looks towards a potential public listing, the company's commitment to empowering businesses remains unwavering, solidifying its position as a trailblazer in the fintech industry.
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