Zerodha’s Rainmatter invests Rs 2.5 crore in e-signing platform Digio
Online discount firm Zerodha has invested Rs 2.5 crore through 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 claims to be the first startup to roll out a one of its kind document e-signing platform built atop Aadhar, which enables Indian businesses and consumers to gain access to digital signatures for documents.
Rainmatter is an incubator in Bengaluru that provides workspace, mentoring and a funding of upto $500K to startups. There are added advantages for fintech startups that avail incubator services via Zerodha.
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.