Burning Problems of SMEs and Solutions by Neo Bank EZO Banks

/ -- Startups, SMEs and MSMEs are very aggressive for growth but have unique problems to address. Manoj Pinjarkar (32), a proprietor of Pinjakar Fabrication works at Mumbai, has grown his business by leaps and bounds in the last 7 years. Earlier he was taking small assignments from retail clients. For the last 2 years, he has started taking orders from Corporates and other SMEs to grow his business. As the business grew, problems got bigger. One of his big clients refused to pay dues for 7 months work. When we asked retrospective questions, Manoj accepted a few mistakes. "I am good at my job, but billing and accounting is not my cup of tea. I was working well with the client but forgot to submit bills on time. When I put the bill of 6 months together, the manager refused to accept the bill. There was a mess. I lost my client and money. I am following up with the manager for a workaround but my money is stuck." He says "local client's payment comes quickly but the payments of corporates and SMEs are always delayed." As learning from this now Manoj has a dedicated person for billing and money collection.

Delayed Payments
Deprived Financing:
Solutions by Neo banks like EZO Banks:
Mobile-First Approach:
Indian Local languages
Easy and intuitive UI
Free Payment Collection Automation
Financial Services Integrated in the Business Workflow:
Collaborative:
Bank Recon:
Business Reports
EZO Banks Executive Gauravkumar Kate is optimistic about the economy and disruption that Neo banks are bringing for SMEs. Gauravkumar said, "EZO is very aggressive in terms of Tech and Distribution. We have had good planning for building a scalable tech and distribution network. The team has planed to Onboard 1 Million SMEs in next quarter. Our Mentor Asutosh Upadhyay from Axilor Ventures, Banglore is guiding us to hit the right milestones."
About Ezo Banks: