There are roughly 64 million MSMEs (Micro, Small and Medium Enterprises), i.e. small businesses, in India. These include a wide variety of businesses across professions and industries: like your street-side sugarcane juice and chaat vendors, mobile and kirana shop owners, most retail and wholesale traders, all the way to small and medium scale factory operators.

In our quest to democratise access to formal credit, ‘India Stack’ lowered lending related operational costs drastically and through its consent layer (Account Aggregator), liberated data to empower Rajni

However, for the flow of affordable credit capital to the creditworthy borrowers, whether merchants or individuals, there are challenges.