Digio
Founded Year
2013Stage
Shareholder Liquidity | AliveMissing: Digio's Product Demo & Case Studies
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Expert Collections containing Digio
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Digio is included in 2 Expert Collections, including Fintech.
Fintech
4,914 items
Payments
2,669 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Latest Digio News
Jan 13, 2023
Digio provides digital infrastructure to businesses for identity verification, electronic signing, and collecting recurring payments In July last year, Groww also invested in Bengaluru-based fintech SaaS startup Hyperface’s $9 Mn funding round Groww raised $251 Mn in its Series D funding round in October 2021 at a post-money valuation of $3 Bn Fintech unicorn Groww has reportedly made a strategic investment in fintech SaaS startup Digio, acquiring a minority stake in it. “In 2016, Zerodha’s investment arm Rainmatter invested in Digio as a seed fund. The company is well capitalised with its own profits, and with Groww investing in Digio, the company would have two largest broking platforms in the country as its backers,” a VCCircle report quoted Digio cofounder Abhinav Parashar as saying. Founded in 2016 by Parashar and Sanket Nayak, Digio provides digital infrastructure to businesses for identity verification, electronic signing, and collecting recurring payments. The platform is used by banks, non-bank lenders, brokerage firms, fintech players, and asset management firms. Last year, Digio also received the Reserve Bank of India’s in-principle approval to work as an account aggregator (AA) and payments aggregator. Digio, which bagged a funding of $375K from Zerodha’s Rainmatter in 2016, has been profitable for the last five fiscal years, Parashar was quoted as saying in the report. Digio reported a net profit of INR 24 Cr and a revenue of nearly INR 83 Cr in the financial year 2021-22 (FY22). Recommended For You:
Digio Frequently Asked Questions (FAQ)
When was Digio founded?
Digio was founded in 2013.
Where is Digio's headquarters?
Digio's headquarters is located at Alameda Xingu, Barueri.
What is Digio's latest funding round?
Digio's latest funding round is Shareholder Liquidity.
Who are the investors of Digio?
Investors of Digio include Banco do Brasil and Banco Bradesco.
Who are Digio's competitors?
Competitors of Digio include Klar, PicPay, BNEXT, Neon, Nubank and 8 more.
Compare Digio to Competitors
Nubank is a technology-driven financial services startup. Nubank works to redefine the standard in financial services in Brazil by offering a no-fee credit card that is managed through a mobile app, as well as a digital account (NuConta). The company was founded in 2014 and is based in Sao Paulo, Brazil.
BNEXT is a digital financial products marketplace where users can find alternatives to their financing, investment, and savings needs. The company was founded in 2016 and is based in Madrid, Spain.
Neon Pagamentos is a fintech that offers a payment institution that operates in the modalities of issuing electronic money and issuing postpaid instruments. It offers services such as loans, investments, digital wallets, and mire services. The company was founded in 2016 and is based in Sao Paulo, Brazil.
Uala is a neobank and personal financial management mobile app linked to a MasterCard prepaid card that allows users to conduct financial transactions, both in Argentina and abroad. This includes transferring money, paying bills, loading credit on prepaid cell phones and transport cards, and more. The company was founded in 2017 and is based in Buenos Aires, Argentina. In September 2022 Uala merge with Workable. The terms of the transaction were not disclosed.
Agibank is a technology company that offers financial products and services. Its aim is to improve the daily lives of people through financial inclusion of the emerging social classes in Brazil, today precariously served or at the margin of the traditional banking system. Agibank has a differentiated value proposal focused on a business model structured through a highly scalable digital infrastructure.
Klar is a Mexican financial technology company that gives users full control of their money through a mobile application and a debit card that has the benefits of a credit card. The company was founded in 2019 and is based in Mexico City, Mexico.
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