OmniCard secured $3 Mn in a pre-Series A round led by Ankurit Capital and Taisys.
The spend management startup aims to expand its client base from 2 million users to 10,000 enterprises by FY 2027.
This funding marks Taisys' first investment in an Indian startup.
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Payment solution provider OmniCard has raised $3 Mn (INR 24.6 Cr) in a Pre-Series A funding round led by Ankurit Capital, with participation from Taisys and VLS finance group’s family office.
OmniCard will use the fresh funds to expand its client base and enhance its product offerings. It aims to serve over 10,000 enterprises by FY 2027.
“Our goal is delivering immediate, measurable cost savings to over 10,000 plus enterprises by FY 2027, leveraging market trends to drive the next payments revolution,” cofounder and MD Abhishek Saxena was quoted saying by ET.
Founded in 2021, OmniCard offers a SaaS platform, mobile app and UPI-enabled corporate cards. The startup, licensed by the RBI for Prepaid Payment Instruments (PPI), currently serves over 2 Mn users.
OmniCard’s client roster includes companies like CarDekho, Policy Bazaar, Kama Ayurveda, and Senco Gold. It also serves F&B chains such as Haldiram’s and Taco Bell, and government entities like SIDBI and NABARD.
The spend management sector in India is seeing increased competition, with OmniCard vying against players like Happay, EnKash, and Karbon. As businesses seek efficient expense management solutions, investor interest in the sector continues to grow.
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