Fintech firm Enkash claims three-fold growth in valuation since March

Start-up that helps businesses manage their payments says it will not seek more funding this financial year

EnKash, which helps businesses manage their payments, has grown three-fold in valuation since the last fundraising round in March 2022 and it will not seek more money this financial year, said the company’s co-founder Hemant Vishnoi on Wednesday.

“Since the last fundraising round, we have focused on key strategic pieces that were required for our next phase of growth such as filling key strategic positions as well as ramping up our employee strength,” he told 'Business Standard'. The start-up didn’t provide its valuation.

The start-up in March raised $20 million in a Series B funding round led by Ascent Capital