Bulkpe provides a digital banking platform for MSMEs in India, enabling instant account creation and facilitating seamless payments through UPI, IMPS, NEFT, and RTGS without daily limits. The platform simplifies bulk payouts and collections, allowing businesses to manage transactions efficiently while reducing transaction fees and ensuring real-time verification of business credentials.
Funding
$595K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
MSMEs in India face challenges in managing bulk payments and collections due to transaction limits, high fees, and the complexity of verifying business credentials. Traditional banking solutions often lack the speed and flexibility required for efficient financial operations, hindering growth and increasing operational costs.
Solution
Bulkpe offers a digital banking platform tailored for Indian MSMEs, providing instant account creation and seamless payment processing through UPI, IMPS, NEFT, and RTGS without daily limits. The platform streamlines bulk payouts and collections, enabling businesses to efficiently manage transactions while reducing fees and ensuring real-time verification of business credentials. Bulkpe's solution includes features such as multiple QR codes for managing different branches, automated payments using groups and tags, and API banking for integration with existing systems. By simplifying financial operations, Bulkpe empowers MSMEs to focus on growth and reduce administrative overhead.
Target Audience
Bulkpe primarily targets MSMEs in India, including large FMCG, Fintech, Hyperlocal, F&B businesses, multiple branches, NBFCs, accounting platforms, investment platforms, mobile apps, wholesalers, resellers, marketplaces, e-commerce businesses, SaaS providers, payroll management services, and vendor management services.
Features
- Instant digital account opening with scheduled commercial banks
- Bulk payouts via web-selection, CSV, and APIs
- Collection via multiple QR codes for managing multiple branches and franchisees
- Real-time verification of 25+ APIs including GST, PAN, MCA, and Bank details
- Prepaid cards with up to 1% cashback on spends
- API banking with simplified and developer-friendly APIs
- Sub virtual account feature for managing multiple businesses or branches
- Invoice creation and sharing via WhatsApp or email with payment collection URL