Easebuzz Celebrates Milestone with New B2B Payments Platform

Easebuzz, a leading SaaS payments platform, reported a significant milestone by crossing INR 1,00,000 Crore in annual Gross Transaction Value (GTV) for FY24. The company introduced a B2B payments platform in partnership with NPCI Bharat BillPay Ltd. at the Global Fintech Festival 2024, aiming to revolutionize B2B transactions in India.

Easebuzz, a prominent SaaS payments platform, has announced a major milestone in its financial numbers for FY24, with the platform processing an annual Gross Transaction Value (GTV) surpassing INR 1,00,000 Crore—a 48% growth compared to FY23. The platform also reported a 23% year-on-year revenue growth, reaching INR 290 Crore.

Despite challenges in the fintech industry, Easebuzz maintained its growth trajectory through verticalization, personalization, and compliance focus. The platform retained its dominance in the Education segment, servicing over 10,000 institutes. Easebuzz also serves marquee clients such as Parul University, State GRAS, and IRCTC.

In a remarkable development, Easebuzz has ventured into B2B Payments, launching an invoice management platform in collaboration with NPCI Bharat BillPay at the Global Fintech Festival 2024, in the presence of RBI Governor Shri. Shaktikanta Das and Infosys Chairman Shri. Nandan Nilekani. The platform aims to simplify and democratize B2B transactions in India.

(With inputs from agencies.)