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Biz expense management system startup Happay eyes SMEs

Helps businesses track expenses on a real time basis

Praveen Bose  |  Bengaluru 

Happay, a has introduced a tool that helps most businesses tackle petty on real time.

While almost every business function has been automated today, expense management hasn’t seen much innovation and has remained largely paper-based for a very long time. "Even today, in eight out of 10 organisations, are reported and managed manually, using spreadsheets. A few enterprises have developed in-house softwares or bought softwares to manage business — these are either too cumbersome to use or too expensive for small businesses and enterprises," said Varun Rathi, co-founder of Happay, a business expense management system.

helps firms track in real time using a tool that is integrated with mobile-enabled payments platform with set expense limits. Angel Prime, a seed stage venture capital, has invested half a million dollars so far in the

Founded by alumni of IIT-Kharagpur, Anshul Rai and Varun Rathi, aims to deal with a pain point, that of expense management. claims it doesn't have any competition in the Indian market. Considering India has over 48 million small and medium-sized enterprises and growing, we have a huge untapped market laid out for us, said Rai. offers this solution as pay-as-you-use model, charging customers Rs 100 per subscriber.

Angel Prime, a seed stage venture capital, has invested half a million dollars so far in the payment  

Amit Somani, Managing Partner, Angel Prime told Business Standard, "We made an investment of upto Rs 3 crore or $0.5 million as seed fund. We will stay invested for 8-10 years." 

First Published: Fri, July 17 2015. 00:26 IST
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