omnispay Secures $2 Million Pre-Series A Funding to Enhance SME Finance Solutions

Introduction

In a significant move to bolster financial solutions for small and medium-sized enterprises (SMEs), omnispay has announced the completion of a $2 million Pre-Series A funding round. This fresh capital, spearheaded by Infinity Value Capital Group, marks a pivotal step in omnispay's mission to innovate the SME payments landscape. The funding will be instrumental in enhancing the company’s all-in-one finance platform, which aims to address chronic cash flow issues faced by small businesses.

Accelerating Growth

In the past year, omnispay has witnessed remarkable growth, effectively doubling its customer base and quadrupling transaction volumes. In terms of revenue, the company experienced a 5.5-fold increase, while operational expenses only grew by 2.2 times, showcasing a strong financial management strategy. This growth trajectory is largely attributed to the launch of its proprietary AI risk engine, ARIES, which ensures real-time monitoring and decision-making based on dynamic transaction data. Together with a notable Net Promoter Score exceeding 60, this indicates a high level of customer satisfaction and trust in omnispay’s offerings.

All-in-One Finance Platform

The funds raised will primarily facilitate omnispay's evolution from rapid merchant settlements to a more sophisticated AI-native finance platform. The company is transitioning to integrated workflows that enable SMEs to effectively Collect, Pay, and Borrow, thereby addressing liquidity management challenges directly. Vimal Kumar, Co-founder and CEO, emphasizes that the investment is a crucial enabler of omnispay’s endeavor to fundamentally revamp how small businesses interact with finance. Through meaningful payment experiences and insightful analytics, the platform aims to transform cash flow from a typical struggle into a strategic asset for SMEs.

Real-World Impact

One such SME benefiting from omnispay's innovative solutions is GForm, a project management firm that partnered with omnispay last year. The shift to next-day settlements has significantly eased GForm’s liquidity constraints, allowing the firm to utilize working capital facilitated by omnispay to fund a physical expansion. This kind of progress exemplifies how omnispay’s unique offerings are enabling businesses to transition from merely surviving cash flow cycles to actively pursuing growth opportunities.

Expansion Plans

Looking forward, omnispay has aggressive plans for expansion within the Gulf Cooperation Council (GCC) region, with an eye on entering the Saudi Arabian market. Simanta Das, Co-founder and COO, emphasizes that the strength of the AI-first experiences created through their platform is heightened with every transaction processed, which will be vital as they scale operations in new markets. Each transaction further refines and enhances the intelligence of their operational engine, responding effectively to the financial dynamics of each region they enter.

Conclusion

As omnispay continues to innovate and expand, it stands poised to make a lasting impact on how small businesses manage their finances across the GCC and potentially beyond. By integrating AI-driven solutions that cater directly to the specific cash-flow challenges SMEs face, omnispay is not just responding to a demand—it is actively shaping a future where small businesses can thrive financially. The Pre-Series A funding round is just the beginning of what could be a transformative journey for SMEs in the fintech space.

For further information, please contact: Praveen Kiran at +971-56-152-9019 or visit omnispay.com.