Anniyam offers digital payment solutions designed to expand financial inclusion. Their platform provides accessible financial tools and services to underserved populations, facilitating secure and convenient transactions.
Funding
Funding not disclosed
Founders
Product
Problem
Self-Help Groups (SHGs) in rural India often face challenges in accessing formal financial systems due to manual processes, inefficiencies in credit linkage, and lack of real-time data. These inefficiencies create barriers that hinder growth and empowerment for underserved communities.
Solution
Anniyam Payment provides a digital platform designed to streamline financial inclusion for Self-Help Groups (SHGs) and financial institutions. The platform offers end-to-end digitization, enabling instant onboarding, transparent transactions, and efficient credit linkage. By integrating with banks' Core Banking Solutions (CBS), Anniyam facilitates real-time data access, automated eligibility checks, and improved credit visibility for SHG members. The platform includes a Loan Origination System (LOS), Loan Management System (LMS), and a CIC Data Submission System to automate and enhance the loan lifecycle. Anniyam also offers a Grameen Credit Score system that evaluates SHG members' creditworthiness based on financial and non-financial transactions, enabling informed lending decisions.
Target Audience
The primary target audience includes Self-Help Groups (SHGs) in rural India and financial institutions seeking to improve financial inclusion and streamline lending processes.
Features
- Loan Origination System (LOS) for seamless digital onboarding and automated eligibility checks
- Loan Management System (LMS) for real-time tracking and automated collections
- CIC Data Submission System for accurate and timely reporting of member-wise loan data to Credit Information Companies (CICs)
- Grameen Credit Score system for data-driven credit assessment of SHG members
- Integration with banks' Core Banking Solutions (CBS) for instant account opening and real-time transactions
- eKYC and penny drop validation for faster verification and enhanced data accuracy