Bhavin Turakhia’s Titan to enter financial services for SMBs following boost from GoDaddy partnership
Serial entrepreneur Bhavin Turakhia’s work E -Post Initiative Titan is preparing to make the first exit for financial services for small and medium -sized enterprises (SMEs) and adds offers such as small business credit cards and expense management tools.
“People who start small businesses use personal credit cards, personal bank cards, personal bank cards, and then combine funds, combines accounts, reporting requirements are becoming more complex,” he said. MintI interact with Monday.
“Through our partners, these small businesses – credit cards, small business and financial accounts – they can use to manage small operating expenses and employee expense management.”
While still in early stages and the launch could only happen next year, the company has already reached the stage of experiment, survey and examination.
He’s not a stranger to Turakhia Fintech. He also runs Zeta with a $ 2 billion -supported soft bench -supported horse Zeta, which strengthens digital banking experiences for banks and fintech companies.
This comes as Titan expects a growth growth from a new partnership with Titan’s influence registration company Godaddy. The partnership will develop Titan’s E -Posta package, including India and Brazil.
Godaddy saw Titan for six months and according to Turakhia, he saw that Tit Titan actually increased its average revenues by 76% compared to other offers. ”
With these and other recent agreements, Titan projects add 1.6 million new mailboxes per year and pass 10 million mailboxes in three years. The company estimates the potential for annual revenue (Arr) from the signed partners in the next 2-3 years. Turakhia, “But all this year will not happen because we still bring some of these partners live and we will hit 35 million plus Arr brands for the next 2 to 3 years,” he said. Titan is expected to reach full -year profitability in the current financial year.
Founded in 2018, Titan offers a business e-mail platform with a cloud for small businesses competing with Google Workspace and Microsoft Outlook. Suit includes AI-supported e-mail writing, branded templates, advanced monitoring, appointment planning and e-mail marketing tools. To distribute its product, the company partners with domain name registration companies such as WordPress.com, Bigrock, Domain.com and Networksations.com.
Titan financed himself by Turakhia and collected $ 30 million from Automattic, owner of WordPress.com in 2021, with a valuation of $ 300 million. Turakhia said, “We have certainly held strategic discussions with Godaddy, but as of now this is a completely commercial partnership. There is no investment component associated with it,” he said.
In the future capital plans, “We no longer predict that we will need capital for growth and investments, but we are definitely open to capital in strategic partnerships with potential partners. We do not expect a close public offering at the moment, but still something on the cards in the right strategic time.” He said.
When Godaddy is on the ship, Turakhia said, “The partners we have combined sell about 40% of all domain names in the world, ve and Titan has access to a large share of new small businesses globally. The Godaddy agreement will make Titan’s largest partner in India and potentially in South America, the company will already have “tens of thousands, hundreds of thousands of customers”.
Turakhia, a billionaire and serial entrepreneur, has also started businesses other than Titan, including Directi, Radix, Flock and Zeta.
