Eko

New Delhi based Eko has been catering to millions of low and moderate-income Indians by providing them with a cash-in point to convert their cash to digital and make payments for an array of services. 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, users 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.