Bengaluru-based business expense management tool startup, Happay has raised $500,000 from AngelPrime, a seed fund based in Bengaluru. The raised funding will be used in product development, marketing and to expand its technical and sales team.
Founded in 2012 by Anshul Rai and Varun Rathi, Happay’s business expense management solution streamlines an organization’s expense workflow from end-to-end and gives real-time visibility and control over business spending. It recently launched the Happay Business Expense VISA card in partnership with Ratnakar Bank. All purchases done from this card are auto-captured on the platform and employees can snap photos of receipts, record cash expenses and submit expense reports in minutes, on-the-go.
Recently, AngelPrime has invested $500,000 in Chennai-based IoT and M2M technologies firm Nimble Wireless Pvt Ltd. Its portfolio companies include ZipDial, Ezetap, HackerEarth, SmartOwner, and Synup.