eko india financial services private limited

Founded by brothers Abhishek Sinha and Abhinav Sinha in 2007, with its patented technology and with money remittance as a core service, it has partnerships with over 11 allied services that assist the typical Indian to make digital transactions in cash, thereby creating a data trail. Through Eko, you can make utility bill payments, recharge for prepaid telephony and prepaid television, make cross-border transfers from India-to-Nepal, buy health and auto insurance, do online shopping and Aadhaar-enabled payment services and MSME lending. Eko enables its merchants to service ‘cash’ customers with online transaction needs. It has built a high- velocity, small-value, cash collection capability that is already collecting and converting over US$8 million in cash to digital money every day. On this foundation of cash collection capability, Eko is creating a mechanism to serve ‘cash’ customers on its digital platform. Eko’s network extends beyond 100k merchants across 150 Indian cities. As on today, Eko processes over US$230 million in transactions per month and has created India’s largest cash-to-digital network. Through these online transactions and the corresponding data, Eko is empowering its merchants and customers by helping them build a transaction history and credit score. This data trail will help customers to borrow at commercial rates. Through this model Eko has already extended loans in excess of US$150 .