Digio lands $400,000 for digital signatures

Digital signature startup Digio has raised $400,000 in a pre-Series A round of funding. The capital for the Bengaluru-based company comes from Rainmatter Technologies.

Serving the Indian market, Digio’s products are based around Aadhaar cards. Issued by the Unique Identification Authority of India (UIDAI), each card features a 12-digit number that links to the holder’s biometric information, allowing it to serve as a proof of identity and address. More than 1 billion are held in India so far.

Digio’s digital signature product launched in July and allows clients’ users to sign documents digitally by inputting their Aadhaar number.

The company counts 18 clients working across financial services, telecoms, real estate and fintech. It aims to reach 100 customers over the next year.

The capital will help Digio expand its team and launch new products for digital consumer verification using video, biometrics and geotagging.

Copyright © 2016 FINTECH GLOBAL

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