FloBiz is a neobank for SMBs backed by renowned investors like Sequoia Capital, Elevation Capital, and Beenext. Its mission is to accelerate the growth of Indian small- and medium-sized businesses through digitisation.
FloBiz's main product, called myBillBook — helps SMBs digitise their invoicing, streamline business accounting and automate workflows of their enterprises. With over a million MAUs, SMBs now record over $1 billion worth of transactions on myBillBook every month.
SMEs in India do not make all their bills on a digital billing platform, some would be making 20-30% digitally while for some this number could be 80-90% as well. The reasons for not making 100% of their bills tend to range from usability issues and high effort of digital billing to non-GST(kachcha billing) and customers not requiring one. What changes would you make in the MyBillBook app to push SMEs to make all their bills on the platform?
✅ Cash prizes worth INR 50K!
✅ Direct interview for product roles at Flobiz