EnKash ‘CardX’ wins ‘Best White Label Technology Provider’ award at FinTech Festival India 2022
CardX is a Banking Infra API Suite for banks, financial institutions, retail chains, Fintech and consumer facing companies to launch their own banking products
NEW DELHI, INDIA, July 27, 2022 /EINPresswire.com/ — EnKash, one of the largest and fastest growing all-in-one spend management and corporate card companies, has been recognized at the FinTech Festival India 2022 for its Card Issuance API Suite, ‘CardX’ under the category “Best White Label Technology Provider”. EnKash launched its flagship product ‘CardX’ in June 2022, to enable non-fintech/fintech companies and banks/NBFCs to issue their own card/wallet/rewards programs. The award-winning low-code API Suite comes with plug-and-play integration that enables seamless issuance and management of banking products. The award was received by EnKash senior officials in the presence of dignitaries and representatives of the Fintech industry.
FinTech Festival India, organized at Pragati Maidan, New Delhi on 20 July 2022 in association with Niti Aayog, is one of the largest Fintech events, aimed at creating an ecosystem to support and grow the Fintech community in the country. It is poised to become the most prestigious and coveted award for companies in the Fintech sector. The event was highlighted by industry leaders from leading brands and various unicorns in the country.
Commenting on the recognition, Naveen Bindal, Co-Founder of EnKash, “CardX is a ground-breaking innovation for companies looking to integrate Banking-as-a-Service on their platforms and we are honored to be recognized for the same. The product is a result of EnKash and its innovation team’s extensive experience in the “Card and Payments” ecosystem. We envision that cards and payments can become an extended arm of any industry through embedded finance, helping industry players drive higher engagement and create an alternative source of revenue. CardX will also help companies use a customizable API to develop their own Fintech product lines.
With CardX, EnKash aims to become the preferred partner for companies and financial institutions, including banks, willing to launch their own financial offerings, either as a main product or as an additional product line. Its key target segments include banks, NBFCs, Fintechs, consumer internet companies, retail chains and other consumer-facing industries. The brand is eyeing 10 key partnerships in India, US and UK by the end of this year, to further strengthen its market presence.
About EnKash
EnKash is India’s first Spend Management and Cards platform which became operational in the year 2018. Since its launch, EnKash has helped over 1,00,000 businesses digitize and decentralize their corporate payments. Over a period of 4 years, the brand has issued more than 6,00,000 business cards. EnKash has been a very capital efficient company. It had raised just $3 million in a Series A round from Mayfield India and Axilor Ventures in April 2019, showing astonishing growth with its annual revenue exceeding $15 million. The fintech startup has so far raised US$23 million after recently raising US$20 million in a Series B funding round.
Amandeep Arora
EnKash
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