Digio is a Bangalore based startup founded in 2016, building products for paperless, presence-less, hassle-free identity-linked documentation for service delivery. It aims to build and democratize access to an end-to-end customer on-boarding stack for businesses, to bring down the cost and time involved in service delivery and provide a frictionless consumer experience. Over the next couple of months, the company will be rolling out products for Biometric verification (in partnership with OEM partners and business correspondent networks on the ground) and Document digitization and verification etc, which businesses can leverage rather than individually investing in their respective KYC processes.
Digio’s 1st product, a Digital Signature Gateway platform built atop Aadhaar integrates with existing business applications to enable users to sign online without having to spend money on Capex and Opex. It is a SaaS based solution where the business doesn’t need to spend time on getting the security audits done for the application and infrastructure to obtain the license neither does it have to spend much time in integration. Digio offers APIs and SDKs for both web and mobile for integration and going live within 30 minutes. The application conforms to the guidelines of CCA and UIDAI and has been audited for information security. The product offers fail-over management and redundancy as it can integrate with multiple certifying authorities, as opposed to the Banks, Brokerages, NBFCs, Fintech companies (Consumer lending, P2P lending) amongst other businesses are integrating the product with their applications for digitizing their use cases like account opening, loan agreements etc.
In August 2016, the company secured a pre Series-A investment of ~400K USD. Founders Sanket and Abhinav were with Twitter and Flipkart in product management and engineering functions, respectively before starting Digio. It counts Mr. Nithin Kamath (Founder & CEO – Zerodha), Mr. Arvind Gupta (Founding member – iSPIRT, Digital India Foundation) and Mr. Pratyush Prasanna (ex-VP-Product – Paytm) amongst its Investors and Advisors.