Your Story
Your Story

How Bengaluru-based startup Hylobiz is changing the way SMEs connect with banks

How Bengaluru-based startup Hylobiz is changing the way SMEs connect with banks
  • 704d
  • 21 shares

Many SMEs are not proficient in the use of IT tools. To manage their business, most of them depend on accounting software. Unfortunately, this means that they’re unable to connect with banks and the financial institutions have no way of knowing their cash position. To solve this, Vishal Gupta, Ashish Mahal, and Lakshmi Tampi founded their startup Hylobiz in 2019 to change the way SMEs connect with banks. Hylobiz connects an SME’s business and financial services digitally and seamlessly, without having to undergo any new systems adoption.

"The biggest reason for the lack of SME B2B value chain digitisation are legacy tools, processes and systems that the SMEs use and they cannot be changed/replaced suddenly," Vishal Gupta, Co-founder of HyloBiz, told YourStory .

The startup uses a micro-services architecture based neobanking platform that seamlessly connects with SME legacy tools (accounting, invoicing, ERP) on one end and the multiple banking infrastructure, financial services access, and third-party integrations on the other end

Hylobiz founders


How Mukesh Ambani bridged India’s digital divide with the revolutionary JioPhone


"Our product seamlessly connects the SME world with the banking world seamlessly, while giving the absolute power and business visibility to the SME owner on a real-time basis," Vishal adds.

TimesNowNews

Was a ball-boy in his last game: CSK star Prashant Solanki recalls memorable interaction with Sachin Tendulkar

Was a ball-boy in his last game: CSK star Prashant Solanki recalls memorable interaction with Sachin Tendulkar
  • 2hr
  • 2 shares

Chennai Super Kings (CSK) having been out of the playoffs race a few games ago gave chances to a few youngsters in the last two matches and a couple of them have impressed one and all, the Mumbai leg-spinner Prashant Solanki and the Sri Lankan youngster 'Baby Malinga' Matheesha Pathirana.Solanki, who made his first-class debut for Mumbai this year in the Ranji Trophy 2022 against Goa, was picked by CSK for INR 1.2 crore at the mega auction. The 22-year-old waited for his opportunity for almost an entire season before he made his debut in the IPL against Gujarat Titans at the Wankhede Stadium.

Read more
Bollywood Hungama
Bollywood Hungama

Dhaakad Box Office Overseas: Opens on a disastrous note on Day 1 at the Australia and New Zealand box office

Dhaakad Box Office Overseas: Opens on a disastrous note on Day 1 at the Australia and New Zealand box office
  • 4hr
  • 00

The Kangana Ranaut action entertainer Dhaakad hit screens yesterday. In the overseas markets, it has released across 300+ screens.

Read more

No Internet connection