Mysa offers a smart banking platform that automates cash flow management, accounting, and tax compliance for businesses. By enabling real-time fund management across accounts and automating payables and tax payments, Mysa helps businesses maintain financial accuracy and streamline their operations.
Funding
$2.8M 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.
ENFFounders
Product
Problem
Many businesses, especially those scaling, face challenges in managing cash flow, automating accounting processes, and ensuring tax compliance, leading to operational inefficiencies and potential inaccuracies. Traditional methods are often time-consuming, prone to error, and lack real-time visibility into financial status.
Solution
Mysa provides a finance automation platform designed to streamline accounts payable, accounting, and tax management for growing businesses. The platform enables users to open and operate current accounts with partner banks, automate vendor payments, and manage cash flow with precision. Mysa automates accounting tasks, providing real-time cash flow breakdowns and accelerating book closing. It also ensures compliance with TDS and GST liabilities by automating tax payments.
Target Audience
Mysa targets ambitious, growing businesses with annual revenues between 5cr - 500cr, as well as founders and finance heads seeking to streamline financial processes while maintaining control and compliance.
Features
- Automated accounts payable with fine-tuned controls
- Real-time cash flow management and breakdowns
- Automated TDS and GST payments for tax compliance
- Integration with partner banks for easy current account operation
- AI-powered AP automation to simplify compliance and reduce errors