NAME OF STARTUP: Quolum
FOUNDED IN (Year): 2021
FOUNDER’S NAME: Indus Khaitan
THE IDEA: What is the problem being solved by your startup / business?:
Every SaaS Management tool in the market relies on customers sharing their accounting, finance, and IT data. The problem? The tool is only as accurate as the data provided. Even worse? This data may be delayed by months. Its post-facto analysis.
Cut to Quolum. As the issuer of expense card, we are the source of the data. This means that our spend analysis is both faster and more accurate. What’s better? Each card has its own rules, that you can set up.
From user limits, to organization limits to app restrictions. We believe SaaS Management is solved collaboratively by engaging every business user and decision maker before a purchase is made.
THE FOUNDER’S STORY: When and how did you come up with the idea for the business?:
Indus Khaitan is a serial founder. He founded Brtizker Mobile, which was acquired by Oracle. He also founded one of the earliest startup accelerators in India “The Morpheus Gang”, and was the head of growth at ChargeBee.
A graduate from one of India’s premier colleges, Indus is an computer science major by qualification, with a number of diverse interests outside work.
WHO IS THE CUSTOMER: What is the typical profile of your target customer? Where would they be located?:
IT Professionals, Finance Professionals, Founders, Procurement experts, Enterprise businesses, growth stage and late stage startups
LESSONS TO SHARE: What 3 key lessons from your startup journey you’d like to share with aspiring entrepreneurs?:
Over 30% of SaaS purchases worldwide is unused. Quolum is the first of its kind, SaaS Management and Payments solution rolled as one. Using an expense card hyper-optimized for SaaS, cloud and digital payments, Quolum brings spend management, SaaS visibility, and utilization tracking.
IT and Finance teams love us as we eliminate paperwork, save hours of manual work every week, and save hard cash. Move from hundreds of bills to be paid to a single one. Aggregate invoices. Cancel pesky subscriptions. We do it all.
Think of Quolum as both the front-end payment solution, as well as the back-end optimizer for all your SaaS spend. Quolum helps companies make better SaaS purchase, renewal, and cancellation decisions. How? By being the man-in-the-middle. To help you pay, and help track consumption.
HQ City: Dublin
Website URL: https://quolum.com/
Number of Employees: 1-5
Connect On Twitter: @QuolumHQ