Two friends have founded a start-up that enables freelancers and small businesses to manage their finances and get more work. Want to know more? Continue reading… …
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Thirty two year old Naman Sarawagi and his friend Mohit Jain (31) have founded ‘Refrens.com’ which helps freelancers and small businesses to manage their finances and get more work. Refrens.com was unveiled in 2019 and is currently headquartered at Bangalore. Both the founders are trying to build India’s most powerful platform for freelancers’ accounting and marketplace.
The company aims to create a network of one million freelancers by the end of 2021.
Refrens is designed for B2B service providers including designers, software developers, accountants, marketers, consultants. It focuses on individual freelancers and small businesses and offers them a medium for free invoice creation, payments, generate TDS/GST reports, and expense management system. Naman says that its payment gateway can be integrated in the invoice, which makes doing payments just like online shopping.
Importance to freelancers
Naman believes that freelancers and soloists are the future of work and freelancers and B2B service providers is a rapidly growing segment in India.
“Prior to this, we were consulting various startups in India. We would refer and on-board a lot of freelancers for our clients, he says. This motivated us to take the opportunity to build a community of users here and create a network of businesses that help each other to acquire more customers,” he adds.
“We offer unique features like Early Pay Discounts to recover payments faster, part payments. Also, the ability to capture the client-vendor relationship which allows businesses to network among themselves to generate qualified leads is what gives us an edge over others,” Mohit Jain told Chalgenius.
Naman states that even though his company ventured into a crowded market, his offerings have been able to make their own place. “We are adding about 2000 users every week even in these times. This speaks for itself about the product and design supremacy,” he says, adding, “At the moment, our team is spread across seven cities.”
He further said they make their income through payment gateway and also charge commission from the vendors for bringing clients for them.
Naman told Chalgenius that the company was affected by Covid-19 in April, when the demand reduced suddenly. However, since May onwards, it started seeing a steady growth in its business. He says at the moment the firm is adding about 2000 users every week.
In terms of Job Profiles, Refrens is seeing surge in demand for roles like Custom software developers, Content Writers, Social Media agencies, Designers.
Considering the growing use of digital payments in many sectors and the expanding freelancing community, in the next 2-3 years, Refrens.com aims to be a one stop destination for freelancers and small businesses, and to generate business in high volumes. He wants to create a network of one million freelancers by the end of 2021.
Get in touch!
Naman Sarawagi and Mohit Jain
Keywords: Refrens, freelancers, Bengaluru, Chalgenius
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