HAPPAY IN THE NEWS

Happay has launched an enterprise edition of its expense management platform with artificial intelligence powered capabilities, to auto populate expenses incurred during official travel by employees...read more

Automated solutions to manage travel expenses are fast catching up with Indian companies as they look for solutions to save time, effort and money.India is the world’s tenth largest business travel market and is likely to clock the fastest growth in this segment in the next five years...read more

Inefficient processes and inadequate insight into purchases drive a lot of wastage and fraud in businesses. Software that automates expense controls can help achieve a lot, sometimes spotting 90% violations, says Anshul Rai...read more

With the Indian B2B segment rapidly evolving, it only makes sense that technology-driven models are deployed for effective management of not only specific processes but also entire businesses...read more

T&E forms the second largest operational cost for most organizations after employee payroll. Managing T&E expenses is one of the key priorities for all organizations today...read more

Twenty of India’s fastest growing companies have been recognised by the Mayor of London Sadiq Khan, receiving a prestigious award to join the Mayor’s India Emerging 20 (IE20) business programme...read more

India Emerging Twenty, launched by the Mayor of London Sadiq Khan, has selected 20 of India's"most innovative and high-growth companies" to help them expand business in London...read more

Due to lack of relevant data tracking tools, expenses related to travel in large enterprises has always remained a challenge. Against this backdrop, it is imperative to have efficient travel management system with advanced analytics to convert big data from all new sources into smart data for actionable insights...read more

Managing travel spend is a huge challenge for large enterprises. This is due to lack of relevant data tracking tools that can throw useful insights on employee spends. Travel expense management process is data heavy. Information flows from different sources - employee reimbursement, accounts department, vendor invoices, credit card statements, etc. ..read more

Digital is for everyone— Digital technologies enable us to reach a larger audience, interact with that audience in ways we couldn’t earlier, understand our stakeholders better, improve customer service, fuel innovation, and access information and insights that help us lead better lives and produce better results...read more

Artificial Intelligence (AI) is poised to disrupt all aspects of our lives, both personal and professional, causing both excitement and apprehension. It goes without saying that AI will automate tasks that have long been dependent on humans...read more

In an interview with ETCIO, Anshul Rai, CEO and Co-Founder, Happay discusses how his team is driving Indian organisations towards cloud adoption for an optimized cashless business expense management...read more

In today’s digital era, an organization's competitiveness depends on its talent readiness, skill-sets and how it uses technology for organizational growth and excellence. A business today often relies on numerous cloud-based technologies to help it succeed. Cloud-based solutions can help with everything from recruiting, marketing, sales, expense management, accounting and more...read more

Going paperless is a greener option than using reams of paper and may cut down on overhead expenses. The"paperless office," coined as a marketing slogan in the early days of the IBM computer, has not yet arrived, despite evidence that the use of paper may finally be on the downtrend...read more

With Happay-HDFC Bank prepaid cards and Happay mobile app in their pockets, business travelers will be able to easily seek trip advances, get trip itineraries pre-approved by the management, do trip bookings and file trip expenses on the go... read more

Paul Writer, India’s first community of marketers, recognized Bengaluru Hot 50 at the Bengaluru Brand Summit & Hot Brands 2018 on February 6th, 2018. Happay was selected in the Hot 50 and bagged the award for its innovative use of technology. Other winners included marquee brands such as Amazon, Flipkart, In Mobi, Capillary, Urban Ladder among others. The summit and award ceremony was hosted at Lalit Ashok in Bangalore with more than 200 dignitaries from leading Bangalore brands attending the event.... read more

Happay is an intelligent and intuitive expense management solution consisting of Happay Prepaid Visa Cards that can be managed and controlled via desktop and mobile. Employees use Happay Prepaid Cards for business expenses like travel, fuel, accomodation, utility payments, petty cash expenses etc... read more

2017 will be marked as the year of leapfrogging in digital payments and Fintech. In hindsight, it’s almost as if the stars were getting aligned for decades for such a huge shift. One year is too short a time for gauging the adoption and effect of new technology. The single biggest achievement would be the change in MINDSET of the whole country... read more

2017 has brought a revolutionary change in the way people perceive payments. The introduction of breakthrough technologies and initiatives like demonetization and GST proved to be the key drivers of digital payments in the Fintech industry. Digital payments reached a transaction volume of 1,162 crore between April and November and are expected to exceed 1,800 crore in the current fiscal year... read more

The new year has definitely kicked-off on a positive note for us at Happay. IAMAI has honored us with the 'Best Prepaid Product' at its 8th Digital Awards on January 18 at The Lalit, New Delhi. A big thank you to the IAMAI team for supporting us in our mission to help Indian Enterprises an SMEs go cashless and digital... read more

With clients across the world and in different time zones, Delhi-based chartered accountant Shitij Bahl, who runs his own taxing and accounting firm, needs to keep a lot of information handy on his phone when he’s travelling. “You never know when I will get an urgent request from a client to see all their documents... read more

As we ring in the new year, we take great pride in announcing yet another milestone. Happay has been recognised as the Company of The Year 2017 in Expense Management by Silicon India Magazine.With yet another feather in our cap, we are going into 2018 with full gusto... read more

A recent report by the Ministry of Finance throws light on why financial innovations often get stalled in India. As per the report, ‘Indian regulators are disproportionately focused on averting scams... read more

With the overwhelming development in the e-commerce market, the retail industry is always on its toes, keeping up with competition. Rivalry is simply fierce; businesses and brands are formulating new ways to stand out by creating value-added consumer experiences – both in-store and online... read more

If you're a small business owner, you know that there are a lot of challenges involved with ensuring that you're able to build a successful venture. Small businesses are a vital part of the economy, and offer a lot of rewards, but require an immense amount of hard work and dedication... read more

The year 2017 saw a remarkable growth in the adoption of digital payments in India. The same happened on the back of government's initiatives such as demonetisation it took in 2016... read more

Despite investors remaining cautious throughout 2017, the hectic activity around fin-tech, or financial technologies, was not to be missed. While breakthrough technologies and disruptions proved to be key drivers for the sector, the impact of several reforms initiatives by the central government during the second half of 2016 spilled over to 2017, adding to the excitement, besides prodding and pushing the masses to join the fin-tech bandwagon... read more

With the overwhelming development in the e-commerce market, the retail industry is always on its toes, keeping up with competition. In this experience driven world – on the forefront are speed, consistency and optimization;the elementary blocks that add up to a great customer experience...read more

Mismatch led to create a new vision for Happay and to develop a new product to support this vision. The entire expense management workflow, from recording of expenses to accounting them, is every bit as sluggish, broken and inefficient as it was decades before...read more

In the last one year, India has witnessed iconic economic reforms such as the demonetization drive and passing of the GST bill. These initiatives have triggered positive expectations about the growth of digital payments in the coming future...read more

FreightBazaar has completed its GPS integration which can work with any third-party GPS and also launched a cashless payment card. Happay is one of our preffered partner for cashless cards and we are working with them to make it more useful for drivers. ...read more

Making digital payments a happy experience is the mantra for this Bangalore based FinTech start-up - ‘HAPPAY’ - initiated by IIT-Kharagpur alumni, Varun Rathi and Anshul Rai in 2012. Founded on the premise of offering a totally automated business spends management solution to SMEs, Happay started as a B2C evolved into a B2B platform providing a single centralized platform optimizing reimbursement cycles...read more

Making digital payments a happy experience is the mantra for this Bangalore based FinTech start-up - ‘HAPPAY’ - initiated by IIT-Kharagpur alumni, Varun Rathi and Anshul Rai in 2012. Founded on the premise of offering a totally automated business spends management solution to SMEs, Happay started as a B2C evolved into a B2B platform providing a single centralized platform optimizing reimbursement cycles...read more

FinTech companies, banks & financial entities can collaborate to usher in the best value for the financial service customers. To know how Fintech startups can leverage the infrastructure created by banks, CNBC- TV18 in association with Rubique had hosted a knowledge-sharing series FINTECH EDGE - THE EXPERTS at Bengaluru. Varun Rathi, Co-Founder & COO, Happay gave presentation on topic Reinventing Business Payments..read more

Making digital payments a happy experience is the mantra for this Bangalore based FinTech start-up - ‘HAPPAY’ - initiated by IIT-Kharagpur alumni, Varun Rathi and Anshul Rai in 2012. Founded on the premise of offering a totally automated business spends management solution to SMEs, Happay started as a B2C evolved into a B2B platform providing a single centralized platform optimizing reimbursement cycles...read more

Happay has touched a gross transaction value (GTV) of Rs 800 crore much before the time-frame set by the company. The startup, that provides end-to-end payment solutions for corporates through automation and its Happay card, has doubled its GTV from Rs 400 crore in financial year 2016 to Rs 800 crore even before the completion of FY 2017....read more

Happay works with more than 3,000 corporates across verticals like hospitals, restaurants chains and hotels. The team is 200 people strong and has raised $500,000 from Prime Venture Partners.....read more

The government is working more like a startup and is quick to introduce incentives and continual iterations to ensure mass adoption, which is much needed for the large population sitting on the fence....read more

We would like to see how quickly these policies come into action. We are hoping that government will work on the bottlenecks like increasing the limit of IMPS transactions, which still remains a major concern for businesses who want to make urgent transaction....read more

The government is working more like a startup and is quick to introduce incentives & continual iterations to ensure mass adoption, much needed for the large population sitting on the fence. The 5% tax rebate for SMEs is a great incentive, while limiting cash transactions to 3 lacs is a strategic move. It will not affect the regular transactions....read more

We are hoping that the government will work on the bottlenecks like increasing the limit of IMPS transactions, which still remains a major concern for businesses who want to make urgent transaction beyond bank hours. Scale, innovation, and adoption in fintech sector have always been restricted due to strict regulations. The recent announcements and the intent of the FM has been a welcome move. It is encouraging to have a supportive regulatory framework.... read more

The government is working more like a startup and is quick to introduce incentives & continual iterations to ensure mass adoption, much needed for the large population sitting on the fence. The 5% tax rebate for SMEs is a great incentive, while limiting cash transactions to 3 lacs is a strategic move. It will not affect the regular transactions....read more

There should be 10% tax rebate on incremental earnings year over year in digital forms for all SMEs and enable digitization and payment via credit/debit card for all government fees and payments, taxes, penalties....read more

10% tax refund on all incremental earnings ‘year on year’ in digital forms and withdrawal of the fuel surcharge of 2.5% would offer much relief and benefit to industries across the economy....read more

Happay Growth Story

Jan 11, 2017

What Happay provides is the card which is integrated with the software. It is an amalgamation of a card powered by a software which allows the management to track the transactions on real-time basis, set limits, and policies, fund instantly and it can be seamlessly integrated with the accounting software.....read more

The current product takes care of all the expenses that any business incurs. It’s an end-to-end solution that which streamlines the whole workflow from expense reporting to reconciliation. It gives the management real time visibility and control over business spends....read more

There seems to be a lot of short term anguish in the aftermath of the demonetisation move. But if we look closely, we can see the tremendous potential that the move has for benefitting Indian businesses through a digital push.... read more

Necessity is the mother of ‘jugaad’ in India’. We can never be too surprised with the small and little innovative ways that our country comes up with to deal with any sudden ‘calamities’. In B2B, every FinTech company is trying to mould their offerings to support their customers best...read more

All the banks and fintech companies have huge opportunity to capitalise on the estimated INR 1500000 Crore being converted into either digital money or new currency notes. At Happay, we have been working overnight to help businesses with a smooth transition from cash to cashless payments....read more

According to latest data by analyst firm Venture Intelligence, VC investments in nine months of 2016 dropped 24 percent to 290 deals (worth USD 1 Billion) compared to 381 deals (worth USD 1.5 Billion) in the same period 2015. The coupling of Jan Dhan accounts, Aadhaar and now Mobile wallets with demonetisation can prove to be a godsend for fintech startups in the country....read more

Total investment, globally, in fin-tech companies exceeded US$19 billion as VC-backed fin-tech companies globally drew US$13.8 billion, more than doubling 2014’s funding total. With Fin-Techs venturing into more than just payments technology, investor interest is beginning to manifest itself in a variety of sub-segments such as investing, lending, wealth management, credit reporting among others....read more

Necessity is the mother of ‘jugaad’ in India’. We can never be too surprised with the small and little innovative ways that our country comes up with to deal with any sudden ‘calamities’. In B2B, every FinTech company is trying to mould their offerings to support their customers best....read more

2015 is the year that took world of payments by a storm & was rightly termed as a year for Financial Technology & we cannot agree more. Fin-tech industry is the traction has only become stronger in 2016. The companies have used innovative measures to fill the long existing gaps in terms of customer experience which were long due. We now have a fin-tech company for every kind of financial needs....read more

Traditional MIS systems especially those used for revenue and expense reporting, are saddled with inaccuracy, inconsistency, and unmanageable complexity. The way the data is collected, stored, compiled and presented to CFOs makes it unfit for analysis and decision making....read more

Happay is an intelligent and intuitive expense management solution that offers Prepaid Cards powered by Visa or MasterCard, and can easily be managed and controlled via desktop and mobile. Recently, the company launched a new product — Happay Digital Marketing Expense Card, a prepaid card designed to track, monitor and control marketing spends and conversions on a daily, weekly and monthly basis....read more

Necessity is the mother of ‘jugaad’ in India’. We can never be too surprised with the small and little innovative ways that our country comes up with to deal with any sudden ‘calamities’. In B2B, every FinTech company is trying to mould their offerings to support their customers best....read more

Automated expense management provides significant insight by providing CXOs with real time visibility on the expenditure incurred. Financial reports and analytics on expenditure and left over budget help in planning and budgeting, while giving greater control over the expenditures incurred....read more

Bolstered by the Modi-led Government, India's total travel spend is expected to grow 9.8% in 2015 and 10.9% in 2016. At a time when organizations push for greater efficiencies, corporate travelers are urged to be more conscientious of costs, without compromising on policy compliance and business outcomes....read more

10 hottest startups

Oct 13, 2015

A part of Nasscom’s EMERGE 50 2015 Awards, which search for India’s most innovative emerging information technology (IT) product companies, EMERGE 10 identifies the top 10 hottest” start-ups....read more

Startup stories

Oct 13, 2015

Today , they have some 500 business customers and are growing rapidly . But early in their venture, there were times when they felt they would fail, times when they desperately felt like getting back to the cushy corporate jobs that they had left behind. Anshul Rai and Varun Rathi had joined Tata Power and Microsoft, respectively , after graduating from IIT Kharagpur in 2010. Two years down, they quit the jobs to found Happay , an expense management solution for businesses....read more

The next time you order grocery from an online retailer, the delivery boy may swipe a debit card at the nearest kirana store or petrol station. In order to control leakages and reduce cash handling, grocery and hyperlocal startups in India have started handing out debit cards and virtual wallets to delivery boys....read more

The first product we created was peer-to-peer payments app. It was the first network and bank agnostic payments app in India," says Varun Rathi, Co-Founder at Happay, talking about how the company evolved from a B2C to a B2B solution in February this year. The change in focus seems to have paid off,....read more

Expense management of employees has always been a challenge for employers. Even for the employee, saving bills, sorting them out and getting them in place consumes a huge amount of time. Most business expenses are still made in cash, and the management has no real control or visibility into how their money is being spent,....read more

The term ‘petty’ has been carried over as legacy, but the volumes have become sizeable percentage of the ‘Operational cash-flow’ of a business. It's funny it is still called petty cash, but now it needs to be controlled and tracked with equal (if not more) sophistication as other Business Expenses....read more

When water cooler conversations at office shift from pleasantries about weekend getaways to gripes about arduous expense processes, one can be certain that the most painful time of the month is looming large. Paper receipts fly out of employees' wallets in the bleak hope of speedy reimbursement, department overspends spring out at surprised managers....read more

With digital technology in the reach of small businesses, Indian tech start-ups, which traditionally had clients only in the US and Europe, are looking to sell more to small and medium businesses (SMBs) in India....read more

Happay eyes SMEs

Jul 17, 2015

Happay, a start-up has introduced a tool that helps most businesses tackle petty expenses 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....read more

On-demand delivery firm Grofers has partnered with Happay, a start-up, which provides pre-paid card-based business expense management solution.Grofers will disburse cash to its delivery executives through Happay’s card....read more

Happay, a city-based startup specialising in the payments services, has raised $500,000 (about Rs 3 crore) from AngelPrime, a seed-stage fund based in Bengaluru. The three-year old company offers customised prepaid cards that can help companies quit the tedious process of managing expense claims by automation....read more

Founded in 2012, Happay is a business expense management solution that streamlines an organization’s expense workflow. It is an end-to-end solution that take cares of expense management to reporting and gives real-time visibility and control over business spending....read more

On the sidelines of LetsIgnite (an event organised for angel investors in India by online deal-making platform LetsVenture on April 22), leading VC funds like IDG Ventures and Lightspeed Venture Partners told e27 that fin-tech is the next industry — after consumer Internet — that is poised to see the most number of actions in the coming years....read more

Bangalore-based expense management service Happay has partnered with RBL bank to launch Happay Visa Cards for corporates with built-in expense management service. As part of this partnership Happay will offer its cloud-based expense management solution that can manage, monitor and track expenses on the card remotely....read more

Happay Card is a product of start-up Happay, founded by IITians from Kharagpur, Anshul Rai and Varun Rathi in 2012. It is one of its kind, business expense management solution that streamlines an organization’s expense workflow from end-to-end (expense reporting to accounting) and gives real-time visibility....read more

India-based startup happay is looking to disrupt the nation’s expense reporting segment. The company has teamed up with RBL Bank to launch a new credit card for business customers that helps organize and automate the expense reporting process.... read more

TLabs incubated expense management & mobile wallet service provider Happay has tied-up with RBL Bank to launch Happay Visa Cards for corporate entities with built-in expense management service, reports The Economic Times. As part of the deal, Happay’s cloud-based expense management service will be integrated....read more

Business expense management solutions firm Happay has tied up with RBL Bank to launch the 'happay Business Expense VISA Card' that allows businesses to easily record expenses and manage accounts. The system allows organizations to replace their manual business expense management systems with VISA cards....read more