Annulus Technology Private Limited Analysis
What is Annulus Technology Private Limited?
CashBook provides UPI-based business expense wallets for issuing controlled employee and vendor payments. The platform adds spend limits, approvals, Scan and Pay capture, and accounting sync with Zoho Books and Tally. The site says it is NPCI-certified, uses bank-grade encryption, and serves more than 3,500 businesses.
Location
F. No. -307 Block-1 Ratu Road, Ranchi, Jharkhand 834005, India
Employees
11-50
Founded
2020
Revenue
$3.01M
Company Stage
Seed
YC Batch
W21
Product Features & Capabilities
- Automated expense tracking, control spending with limits, accounting and reports integration, safe and secure with industry-standard encryption, unique UPI handles for staff, managers can add money and set spending limits.
Pricing
- Monthly Plan: ₹ 239 per wallet/Month (+GST) (20% OFF)
- Yearly Plan: ₹ 1,399 per wallet/Year (+GST) (15% OFF)
- Custom pricing available for 20+ wallets.
Who are the founders of Annulus Technology Private Limited
VK
Vivek Kumar
CEO, Co-Founder
AP
Ashutosh Pathak
CTO, Co-Founder
Market Focus
Annulus Technology Private Limited primarily focuses on the financial technology (fintech) industry, specifically providing digital wallet solutions for businesses that enable automated expense tracking and integration with accounting software.
Business Model
Subscription-based revenue model with monthly and yearly plans for digital wallet services.
Competitors Overview
The main competitors of Annulus Technology Private Limited in the digital wallet and expense management market include:
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Expensify: A leading expense management software that offers a user-friendly design and integrates with various accounting systems. Notable differences include its requirement for companies to have an existing business account, which adds complexity to the expense management process. Expensify is also considered one of the pricier options in the market.
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Volopay: Based in Singapore, Volopay provides a multi-currency wallet system along with its expense management software. This requires finance leaders to maintain sufficient funds in the wallet for employee reimbursements, adding complexity. It also charges transaction fees for international transfers.
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Spenmo: Similar to Volopay, Spenmo operates on a multi-currency wallet system and requires adequate funds for reimbursements. It has a starting price of S$99/month for 50 users and charges fees for local and international transfers. Its integrations are limited to specific accounting software.
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SAP Concur: A comprehensive tool for expense management that integrates travel and expense management, providing a robust solution for larger enterprises.
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Zoho Expense: Offers project-based tracking and strong integration capabilities, making it suitable for businesses that require detailed expense management.
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Certify: Known for fast reimbursement processes and auto-fill expense reports, making it user-friendly.
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Coupa: Features policy compliance checks and spending analytics, which can help businesses manage their expenses more effectively.
Annulus Technology's CashBook differentiates itself by providing an integrated digital wallet solution that automates expense tracking and controls employee spending without the need for manual fund top-ups, which can be a significant advantage for businesses with international operations.
Investors
- Y Combinator
- FinSight Ventures
- Better Tomorrow Ventures
- 100X.VC
Company Pricing
- Monthly Plan: ₹ 239 per wallet/Month (+GST) (20% OFF)
- Yearly Plan: ₹ 1,399 per wallet/Year (+GST) (15% OFF)
- Custom pricing available for 20+ wallets.
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