Digio provides a suite of APIs for digital onboarding, KYC verification, document management, and electronic signatures, enabling businesses to automate and streamline their customer onboarding processes. By eliminating the need for physical paperwork and manual data entry, Digio enhances operational efficiency and compliance while significantly reducing turnaround times.
Funding
$11.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many organizations still rely on manual, paper-based processes for customer onboarding, KYC verification, document management, and obtaining signatures, leading to inefficiencies, delays, and increased operational costs. These traditional methods are also prone to errors and can create compliance challenges.
Solution
Digio provides a suite of APIs and a no-code workflow builder (DigiStudio) that enable businesses to fully automate and streamline their customer onboarding and document management processes. The platform offers digital identity verification (DigiKYC), secure document creation and storage (DigiDocs), digital signature capabilities (DigiSign) including Aadhaar eSign, and automated recurring payment collection (DigiCollect). Digio's solutions eliminate the need for physical paperwork and manual data entry, enhancing operational efficiency, improving compliance, and significantly reducing turnaround times. The platform also includes an Account Aggregator to securely share financial information between institutions with customer consent.
Target Audience
Digio targets businesses across various industries, including capital markets, lending, banking, insurance, and business process automation, as well as individual customers and partner sponsor banks.
Features
- **DigiKYC:** Comprehensive identity and business verification with Digilocker integration, ID OCR analysis, selfie verification, geolocation and VPN check, and video KYC.
- **DigiDocs:** Document template creation, secure document repository with version control, form builder with drag-and-drop UI, field validations, and conditional logic.
- **DigiSign:** Aadhaar eSign, USB-based digital signer certificate, document signer certificate, and KYC-backed signing.
- **DigiCollect:** Automates NACH-compliant recurring collections with multiple sponsor bank integrations, API mandates via debit card and net banking, and UPI mandates.
- **DigiStudio:** A no-code business workflow builder for end-to-end onboarding with drag-and-drop reconfigurability, auto-approval mechanisms, onboarding journey traceability, and configurable business validations.
- **Account Aggregator:** Securely shares financial information between institutions based on user consent, providing financial information consolidation, risk assessment, and spend analytics.
- Supports customer consent frameworks for financial data sharing.
- Offers multi-AA gateway to ensure performance and FIP coverage.
- Mobile app for document scanning and signing.