Udhaar Book Analysis
What is Udhaar Book?
Udhaar Book is a Pakistan-based merchant app for bookkeeping, invoicing, inventory, and payment-related workflows. The site also describes a web version as Pakistan’s first free online udhar, khatabook, cashbook, credit book, and attendance management software. The homepage claims 5.1 million businesses or merchants use the app and presents it as the number one ranked business app.
Location
Z House Mansoor Tower G5/5 Main Clifton road, Karachi, 75600, Karachi, PK
Employees
51-200
Founded
2020
Revenue
$5.8M
Business Model
Transaction fees, commissions from bill payments, and sales of vouchers.
Product Features & Capabilities
- Cash Book, Staff Book, Stock Book, Invoice Book, Sale POS, Easyload, Bill Payments, Vouchers, manage cash, credit, stock, staff, payments, automate payroll management, track business income & expenses, send reminders and invoices, inventory management, instant deposits, earn commissions.
Who are the founders of Udhaar Book
FK
Fahad Kamr
Founder
SW
Shahjahan Warraich
Founder
HQ Full Address
Z House Mansoor Tower G5/5 Main Clifton road, Karachi, 75600, Karachi, PK
Market Focus
Udhaar Book primarily focuses on the financial technology (fintech) industry, specifically providing digital khata management solutions for businesses in Pakistan. Their services help manage cash, credit, stock, staff, and payments, streamlining financial operations for their users.
Competitors Overview
Udhaar Book operates in a competitive landscape of digital khata management apps in Pakistan. The main competitors include:
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DigiKhata: Offers similar features for managing cash and credit but emphasizes user-friendly interfaces and customer support. It is known for its simplicity and ease of use.
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Easy Khata: Focuses on small businesses and provides a straightforward khata management system. Its advantage lies in its extensive user base and community support.
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CreditBook: This app provides comprehensive financial management tools, including expense tracking and invoicing. It differentiates itself with advanced analytics and reporting features.
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Finja: While primarily a fintech platform, it offers khata management features along with payment solutions, making it a more integrated financial service provider.
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GimBooks: Targets small to medium enterprises with a focus on bookkeeping and accounting features, providing a more robust financial management system.
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CashBook: A simpler alternative that focuses on cash management, appealing to users who need basic functionalities without the complexity of more advanced features.
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Moodah: Offers a unique approach by integrating social features, allowing users to share their experiences and tips, which can enhance user engagement.
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Baya: A newer entrant that focuses on mobile-first solutions, appealing to tech-savvy users looking for modern interfaces and functionalities.
Notable differences include the range of features offered, user experience, target audience, and additional services like payment processing or analytics. Udhaar Book's advantage lies in its comprehensive suite of tools designed specifically for the Pakistani market, including bill payments and vouchers, which can help businesses earn additional income.
Investors
- Fatima Gobi Ventures (FGV)
- Muir Capital (co-founded by William Hockey, co-founder of Plaid)
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