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Milestone · Financial Services

OmniCard reports growth for its business fintech OS

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Date
Company
OmniCard
What it does
AI-powered business payment platform
Kind
Milestone
Sector
Financial Services

What they do

OmniCard provides a modular, AI-driven platform for corporate spend management, expense tracking, and employee benefit payments

What happened

The company announced significant platform adoption, reaching over 22 lakh issued cards and 1,000 business clients

Why it matters

The platform integrates with major ERP systems like SAP and Zoho to automate reconciliation and reduce operational costs

The details

  • OmniCard announced the growing adoption of its Business Fintech OS platform.
  • The platform uses AI for anomaly detection, spend forecasting, and automated alerts.
  • It supports multiple payment rails including UPI, RuPay, and BBPS.
  • The company serves over 1,000 business clients across various industries.
  • OmniCard is an RBI-licensed PPI (Prepaid Payment Instrument) issuer.
  • The system integrates directly with enterprise software like SAP, Zoho, and Tally.

The bigger picture

  • The platform helps businesses achieve up to 20% cost savings on travel and petty cash.
  • Clients report a 50% reduction in man-hours required for financial reconciliation.
  • The company is actively inviting HRMS and ERP providers to embed its modules via API.

About the business

  • The OmniCard Motion product automates employee payments with real-time tracking.
  • iFleet Pay manages fuel, toll, and driver expenses for logistics companies.
  • The Flexi Benefits Basket enables tax-free employee benefits under current income-tax rules.
  • OmniCard Reimburse360 streamlines the submission and approval of employee expense claims.
  • The platform offers Rewards & Gifting modules for corporate incentive programs.
  • The system is modular, allowing clients to customize deployments to their specific needs.

What happens next

  • The company plans to expand its ecosystem by partnering with banks and staffing firms.

The deal

Type
other

Founders

  • Abhishek Saxena, MD, CEO and Co-Founder
  • Abhinav Saxena, Co-Founder & COO/CTO

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