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Hyderabad-based Equal is simplifying financial data sharing with consent-based solutions
- Equal, a Hyderabad-based startup, aims to simplify financial data sharing processes for individuals, SMEs, and financial institutions.
- Founded in 2022 by Keshav Reddy and Rajeev Ranjan, Equal focuses on areas like KYC, fraud prevention, income validation, and compliance.
- The startup provides identity verification and consent-driven financial data sharing solutions to enhance accessibility and drive financial inclusion.
- Equal's products include the KYC Aggregator and the Account Aggregator, which streamline customer onboarding and enable secure data sharing.
- The platform ensures privacy, security, and compliance by integrating with over 50 ID databases and 4,000+ API providers.
- Krishna Prasad joined as a co-founder in 2024 to contribute expertise in technology and data security, further strengthening Equal's offerings.
- The company's technology encrypts, normalizes, and intelligently routes data for efficient identity verification and financial information sharing.
- Equal's acquisition of OneMoney enhances consent-driven financial data sharing, emphasizing user control over personal data.
- With clients like WeWork, Larsen & Toubro, and TVS, Equal follows a per-transaction pricing model and has processed millions of data transactions monthly.
- Having raised $10 million in a Series A round led by Prosus Ventures, Equal plans to expand into insurance, banking, and AI-driven risk assessment by June 2025.
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