Vruzy

Shaz Khan built Vruzy to solve a fundamental problem in corporate America: companies still process procurement and payments manually through outdated systems. While Fortune 1000 companies and mid-market organizations use SAP, PeopleSoft, and NetSuite for their core finances, their purchasing workflows remain fragmented and inefficient. The vision was bold—synthesize the entire purchasing process, from digital procurement on mobile devices to automated supplier payments via ACH and virtual cards.

Vruzy started with a core thesis: integrate on top of any financial platform and make purchasing frictionless. They built the platform to handle anything from a boom mic to helicopter rides, allowing enterprises to purchase digitally, then automatically process payments to suppliers. The founding team grew to 60 people across five countries (Nepal, India, Pakistan, Argentina, and the US), organized into distributed development pods.

Vruzy's early customers included household names like the Tonight Show with Jimmy Fallon and AGB grocery stores in Texas. Rather than chasing a single vertical, they stayed agnostic to industry and focused on three customer types: Fortune 1000 enterprises, mid-market organizations ($250M–$1.5B revenue), and GPOs (group purchasing organizations that act like Costco cooperatives). This diversified approach de-risked their business and proved the platform's flexibility.

The biggest breakthrough came from an unexpected source: internal hackathons. In December 2019, Vruzy ran their first 48-72 hour innovation sprint with teams of 1-4 people competing for cash prizes and bragging rights. One winning team built a machine learning model to auto-code purchases to the correct GL (general ledger) account—something controllers had to do manually. This concept evolved into Vruzy Intelligence, a smart document processing product launched in December 2020.

Vruzy Intelligence became transformational. It automatically extracts information from supplier invoices (handwritten or digital), routes them for approval, and processes payment with zero human intervention—all in 15-30 seconds versus the 20 minutes manual processing took. Within less than a year, this single product hit $1M ARR. They cross-sold it to 50% of existing customers and bundled it into all new deals.

Vruzy is processing $6 billion in annual throughput across 55 customers in 15 countries serving 30,000 users. They're on track for $10M ARR next year. Their hackathon framework—run twice yearly (July and December) with diverse judging committees, no technology restrictions, and multi-category prizes—has become a core driver of product expansion. Beyond Vruzy Intelligence, they continue innovating through internal competitions, proving that sometimes the best ideas come from empowering teams to think unconventionally.