[Exclusive Interview] This Startup Is Empowering Small Businesses With Smart Accounting & BookKeeping

Recently, we interacted with Mr. Oumesh Sauba, Founder, NuBooks, and asked him more about his endeavours to empower small businesses, and his vision about the startup ecosystem.

Here are the interview highlights:

1. Can you briefly describe how NuBooks was founded and how the journey thus far has gone?

NuBooks was founded in 2021 after COVID-19 pandemic. As more and more people were moving online to continue their business it was difficult not to help them with their finances. We started with testing our AI technology first and we incorporate our own bookkeeping cloud platform.

2. What problems is NuBooks trying to resolve? What is the role of technology in your services?

Businesses struggle to keep their finances in one place. We are helping small businesses to keep all their business information in one place so that it will be easy to send those information to their bookkeepers or accountants. We have developed state of the art AI technology to process invoices and receipts and make it easy for micro and small businesses as well as their accountants.

3. There are numerous players operating in the same domain. In this highly competitive business, how does NuBooks set itself apart?

There are several players but not all of them are bringing AI technologies to micro and small businesses. We are excited to bring such technologies to micro and small businesses and help them grow. The market is very open as there isn’t one major player. We are determined to compete with them.

4. Can you discuss your intentions for growth over the next 12 months?

Our plan is to attract as many users as possible in the next 12 months. QuickBooks is leaving India by May 2023 and we are hoping to migrate at least 1 million users from QuickBooks to Nubooks.

5. What is the role of technology in your services? What is the technology roadmap you foresee in the finance sector?

Digitization of financial services is an ongoing revolution. Adopting new technologies to improve efficiency and speed of service, as well as provide better customer experience. Moving further we are looking forward to Collaboration with banks to provide help and support to micro and small businesses.