Zerodha Digio is a plug-and-play e-sign platform that helps SME firms digitise their customer onboarding processes. The platform supports Aadhaar e-sign, provides a 3-in-1 bank account, and is available for Android and web. Read on to know more about Digio and the added benefits it offers. This article was written with an eye towards making the process of onboarding customers more seamless and convenient for SME owners.
Digio is a plug-and-play e-sign platform
A new e-signing platform, Zerodha Digio, has received Rs 2.5 crore in funding from online discount store chain Zerodha. The platform is a financial technology digital signature enabling platform, which claims to be the first startup to roll out document e-signing. It enables users to sign documents digitally, using a biometric identity like Aadhaar.
The Zerodha Digio e-sign platform works with both online and offline brokers. To sign documents online, users must first log in to their Zerodha account. They need to enter a valid email address and click “Sign Now” to access their account. They must verify their email address with an OTP. Once they have verified their email address, they can proceed with the sign-up process.
It helps SME’s digitise customer onboarding
Onboarding new customers can take days. Getting the customer’s details, verifying their identity, and printing out documents and waiting for the signature can all take days. Manual paperwork is costly and subject to mistakes. By digitising customer onboarding, you can increase productivity and create a competitive advantage. This article explores how Zerodha Digio can help SME’s digitise customer onboarding.
It supports Aadhaar e-sign
Zerodha’s e-Sign application service provider has integrated with Aadhaar e-Sign service. To use the service, users can register at Digio and select Aadhaar e-Sign. Next, users must enter their Aadhaar number and click Send OTP. After receiving the OTP, the Digio platform will affix a digital signature to the form.
After clicking on the link, a page similar to the below will appear. After entering the Aadhaar details, users must check all the boxes and read all the information carefully before clicking “continue.” Then, users need to verify their bank account details. It is important to cross-verify these details to avoid reprocessing the forms. A screenshot of this process is provided below.
It offers a 3-in-1 bank account
Zerodha has recently introduced a new feature for the banking sector-a 3-in-1 bank account. This account is a way to streamline the transaction process by allowing funds from one account to be transferred directly to another, without the hassle of clearing a second account before using it. Zerodha also offers no brokerage charges for the new 3-in-1 bank account, which makes it the ideal option for those looking for a convenient way to trade. Zerodha Digio has made the process as simple as possible, so you’ll be able to take advantage of various features offered by the three-in-one bank account.
To open the account, all you have to do is enter your PAN card and date of birth. Then, you can start trading on the Zerodha platform for just Rs 200. It’s completely online, and the entire process should take you no more than 15 minutes. You can even make withdrawals from your account as well. All the details you need to open a Zerodha account are available online.
It attracts angel funding
The startup specializes in providing plug-and-play e-sign gateways to SMEs. It powers online signing applications such as Visa, MasterCard, and PayTm. The company, founded by Nithin Kamath in 2010, claims to have more than 96,000 customers and a daily turnover of more than $1 Bn. It is available for download on Android and the web. Angel investors are attracted to Digio’s mission to help SMEs grow their businesses.
Finding angels to invest in a startup can be tricky, as each investor will have their own criteria. Depending on the stage of your business, you may need more than one angel, which can result in significant incremental administrative and relationship management work. If your startup only requires small amounts of funding, angel investors may not be worth the trouble. Getting funding may even delay your startup. Instead, focus on raising the necessary funding first.
