Verticalized SaaS Payments platform maintained its strong track record of profitability
Verticalized SaaS payments platform Easebuzz has released its financial numbers for FY24. The annual Gross Transaction Value (GTV) processed by the platform during the year crossed a record INR 1,00,000 Crore, a 48% growth rate compared to FY23. With a rapidly expanding merchant base touching 1,50,000 mark, the platform experienced an year-on-year revenue growth rate of 23%, taking the revenues to INR 290 Crore. The daily volume run rate of the platform touched close to 1 Mn transactions.
Despite headwinds in the fintech industry and changing regulatory landscape, Easebuzz is able to maintain its growth trajectory with strong focus on verticalization, personalization and compliance culture. With a robust tech and product suite, Easebuzz maintained its dominance as one of the largest SaaS based payment solutions providers in the Education segment, with over 10,000 institutes relying on its full-stack technology and payment infrastructure.
With verticalization as core Strategy, Easebuzz is helping businesses of every size and scale across eCommerce, Real Estate, Travel, BFSI, Education, Government & Municipalities, and many more. Easebuzz is enabling digital payment infrastructure for some of the marquee clients like Symbiosis University, Parul University, State GRAS, Noida Power Corporation, BSES Rajdhani Power, GoKwik, IRCTC, DLF, Brigade, BigBasket, MTDC, etc.
Rohit Prasad, Founder & CEO, Easebuzz, said, "We have experienced phenomenal momentum in FY24 and on track to cross $50 Bn GTV and $100 Mn revenue in FY25. We aim to achieve this growth while maintaining our strong record of profitability. Our technology-centric approach, focus on personalized solutions and compliance driven culture has fostered trust among leading enterprises and government organizations. Driven by the vision and laudable policies of the government & RBI, Indian economy is set to become more and more formalized & digitized. This presents a potential opportunity for Easebuzz to take part in our country’s growth journey and capitalize on the surging demand, creating more revenue channels through our software solutions and payment products. With increased market share and profitability at the core, we also aim to go public in the next 2 to 3 years”.
