18 August 2016, India :
Online discount firm Zerodha has invested Rs 2.5 crore through its in-house incubator and fund Rainmatter in financial technology digital signature enabling platform Digio.
Digio (Digiotech Solutions Private Limited) is a Licensed application service provider with the Centre for Development of Advanced Computing (CDAC), Government of India, a Licensed Certifying Authority with the Controller of Certifying Authorities. (CCA)
“There is no requirement for the businesses to obtain any licences or maintain any hardware or software. They can simply get onto the platform and for a starting service fee of Rs 500 a month the business can get up to 35 documents signed within half an hour,” said Sanket Nayak, cofounder of Digio.
Nithin Kamath, founder of Zerodha, said the funds invested in the startup will be used for hiring purposes and for operational activities over the next 12-14 months.
Digio stats, “We are bringing paperless, hassle-free documentation to Indian Consumers and Businesses.” The first step towards this vision, is to Democratise access to Identity linked digital signatures. Every Aadhaar holder should be able to digitally sign.
The product, launched in July, is available for use on web and Android devices, and also offers a plug-and-play eSign gateway to small and medium enterprises to power their applications for online signing of application forms, agreements and identification documents.