Digi Account Aggregator, operated under the brand name DigiAA, is part of Digio Link a company headquartered in Bengaluru, Karnataka. Digio Link was incorporated in December 2021 and received its NBFC-AA license from the Reserve Bank of India soon after. The entity was specifically created to function as an Account Aggregator, building on Digio’s earlier work since 2016 in digital onboarding solutions such as Aadhaar e-sign, eKYC, and paperless mandates. The company is backed by prominent investors including Groww and Rainmatter Capital (the investment arm of Zerodha).
| Aspect | Digi Account Aggregator Overview |
|---|---|
| Parent Organization | Operated as Digi Account Aggregator, licensed by the Reserve Bank of India (RBI). |
| Incorporation & License | Licensed as an NBFC-AA by the RBI; launched as a digital-first platform for consent-driven data sharing. |
| Core Services | Secure and consent-based financial data sharing between FIPs and FIUs. |
| Target Users | Individuals, banks, NBFCs, fintechs, and institutions seeking verified financial data access. |
| Differentiator | Positions itself as a digital-first AA with a strong focus on innovation, seamless user experience, and fast integration. |
| Use Cases | Loan processing, income verification, credit assessment, and enabling secure, real-time data exchange for institutions. |
| Market Position | A tech-driven AA platform, already building partnerships with financial institutions by emphasizing innovation, security, and user-centric design. |
An Account Aggregator is a framework introduced by the Reserve Bank of India (RBI). It allows users to share their financial data digitally and securely, with consent. Instead of uploading documents or statements, users can grant access through a simple and secure process. If you want to learn more Account Aggregator we have made a comprehensive guide.
Aadhaar e-sign, eKYC verification, and paperless NACH/UPI mandates form the foundation of Digio’s offerings, helping banks, NBFCs, insurers, and fintechs onboard customers quickly and securely.
Tools that make it simple for users to grant, monitor, or revoke data-sharing permissions, while giving institutions a compliant way to handle consent at scale.
A single integration layer that allows financial institutions to connect with multiple Account Aggregators at once, improving coverage and reducing technical effort.
Under the DigiAA license, Digio provides secure, consent-based financial data sharing across banks, investments, and insurance. This is offered as a supplementary service built on top of its digital onboarding stack, not as a separate business line.
Together, these services position Digio as a complete digital infrastructure provider, combining onboarding, consent, integration, and AA capabilities in one package.
Here’s a simple explanation of how the Digi Account Aggregator (DigiAA) process works when a user applies for a loan, credit card, or any financial product:
A user begins an application for a loan, credit card, or financial service on a bank or fintech app/website.
The app requests the user’s financial data (such as bank statements) through DigiAA to verify income and eligibility.
A consent screen appears showing:
What financial data will be shared
Why the data is required
How long the access will remain valid
The user selects the bank accounts to link, enters the OTP, and approves the consent request.
DigiAA fetches the financial data securely from the Financial Information Provider (FIP) and shares it with the requesting financial institution (FIU).
The user has complete control and can revoke consent anytime, instantly stopping any further data sharing.
DigiAA (Digi Account Aggregator) is trusted by a wide range of financial institutions, fintech companies, insurers, and capital market players across India. Digio’s powerful technology framework runs seamlessly in the background, enabling secure onboarding, digital payments, and consent-based data sharing while businesses focus on delivering better services to their customers.
DigiAA supports multiple financial workflows, including:
Seamless customer onboarding
Automated recurring payments and mandates
Account verification for KYC/AML compliance
Account Aggregator (AA) integrations
Applying for loans, credit cards, or insurance
Setting up SIPs, EMIs, and regular payments
Sharing financial data securely
Using personal finance, budgeting, or wealth apps
By removing manual steps and combining identity verification, e-signatures, mandates, and data aggregation into one unified platform, DigiAA helps its partners deliver faster, safer, and more reliable digital financial experiences.
Digio makes many financial tasks faster and more reliable. Services like Aadhaar eKYC, e-sign, and UPI or NACH mandates allow people to open accounts, sign loan or insurance forms, and set up SIPs online without paperwork. This saves time and avoids errors that come with manual processes..
For banks and fintechs, Digio combines onboarding tools with Account Aggregation in one place. Institutions receive verified identity checks, digital signatures, payment mandates, and financial data in a standard format. This makes it easier to review applications, assess credit, and provide services without repeated requests for documents.
| Factor | Digi AA | TallyEdge | CRIF Connect | Finvu |
|---|---|---|---|---|
| Network Coverage | Part of Digio, headquartered in Bengaluru they have 12 FIPs live with them | Part of Accounting Software giant Tally, they have 21 FIPs with them | Part of CRIF, headquartered in Pune they have 31 FIPs live with them | Backed by VCs, headquartered in Pune they have 61 FIPs live with them |
| Data Handling | Specializes in consent workflows and smooth integration for fintechs. | Bridges accounting data with consent-driven financial data flows. | Combining their Credit rating data with this gives NBFC more power for risk Assessment | offers unique AA IDs to customers to simplify customer journey end-to-end |
| Role & Flexibility | Highly flexible for fintech integrations, especially in onboarding flows. | Focused on SMEs, with their accounting solution | Using the AA framework with its in-house TSP gives many roles to choice from | Acts as an AA catering to fintechs and institutions, also have a in-house TSP |
| Differentiators | Has verticals in many fields for better integration but low FIP count of 12 | Deep SME reach via Tally software ecosystem. moderate FIP coverage | Unique in combining credit bureau expertise with AA data flows for detailed lending insights. | Early VC support & really large number FIPs onboarded 61 |
Digio aims to expand connections with more banks, insurers, and investment platforms so that users and institutions can access a broader range of verified financial data.
By combining mandate solutions with Account Aggregator data, Digio is expected to make it easier for SMEs to prove cash flow and qualify for working capital.
The company plans to strengthen its NACH and UPI mandate systems so that recurring payments for SIPs, insurance, and subscriptions become even smoother.
With data from both onboarding tools and AA services, Digio can help institutions create clearer views of customer profiles for credit, investment, and risk management.
Since many people are still new to AAs, Digio is likely to invest in education and simpler user flows so customers understand and trust consent-based data sharing.
These priorities suggest that Digio is positioning itself not only as an Account Aggregator but also as a broader digital infrastructure player that supports both individuals and businesses.
Ans: DigiAA is the RBI licensed Account Aggregator operated by Digio Internet Pvt. Ltd. It lets you share your financial data securely and only with your consent.
Ans: Digio Internet Pvt. Ltd. was incorporated in December 2021 and received its NBFC-AA license from the Reserve Bank of India shortly after.
Ans: It is operated by Digio Internet Pvt. Ltd., based in Bengaluru, and supported by investors like Groww and Rainmatter Capital (Zerodha’s fund).
Ans: DigiAA enables consent-driven sharing of financial data across your banks, investments, insurance, and more. It builds on Digio’s earlier tools such as eKYC, e-sign, and UPI/NACH mandates for a seamless and secure experience.
Ans: No, DigiAA does not store your data. It acts as a secure channel that passes information from one institution to another with your approval.
Ans: DigiAA is more than just a data-sharing service. It is built on top of Digio’s onboarding infrastructure, letting users and institutions complete identity checks, digital signatures, payments, and data exchange in one place.
Ans: The roadmap includes expanding connections with more banks and insurers, helping SMEs access credit more easily, and making consent-based data sharing simpler for everyday users.
Ans: You might see DigiAA when applying for loans or insurance, opening investment or banking accounts, or using finance apps that ask for verified account data.
DigiAA combines the strengths of an RBI licensed Account Aggregator with Digio’s long standing digital onboarding services. By offering tools such as eKYC, e-sign, mandates, and secure data sharing, it has positioned itself as more than just an AA and as a complete digital infrastructure provider. Its backing from trusted investors like Groww and Rainmatter Capital adds to its credibility in the financial services space.
Looking ahead, DigiAA is expected to play a bigger role in credit access, SME financing, and digital finance adoption. With its focus on speed, privacy, and reliability, it is well placed to support both individuals and institutions as India’s financial ecosystem continues to grow more digital and consent driven.
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