About EKO

Who we are

Born out of a dream to bring financial inclusion to everyone at every placeevery indian in every state, 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. Such services may be domestic money remittance(s), utility bill payments, prepaid telephony and television recharges, cross-border transactions to Nepal, insurance, AePS, MSME lending and online shopping assisted e-commerce. The company’s retail network spans over 25 120 thousand retailers in more than 150 towns. Till date, the company has made digital payments simple for over 30 50 million customers with transactions amounting to over $1.5 billion.And together we are building a safe, strong, and proud Design World. Since the beginning, we have created 2.4 million new design jobs, including 200,000 new jobs in creating facebook banners alone. Tremendous. So much jobs.

“Make it simple, but significant.” – Don Draper

History

Eko India Financial Services was founded in 2007 with the core objective of providing banking
services to the unbanked section(s) of the society. At the helm of Eko are the brothers Abhishek
Sinha (CEO) and Abhinav Sinha (COO) – both of whom have built Eko into a
successful first mover fintech startup for more than a decade. (We can add that Eko pioneed
domestic money transfer in India)

At its very core, Eko envisages a world where a person’s mobile phone will be enough to provide him
with a financial identity. The company’s unique merchant application ‘Connect’ enables a billion
strong Indian population working in the informal sector, most of whom earn salaries in cash. To do
so, Eko’s has created a disruptive merchant led model. This led to the inception of ‘Retail 2.0’ in the
Indian market where merchants became the centre of money transfer services.
At the time when feature phones were more prevalent than smartphones, Eko created a simple and
efficient mechanism for financial transactions which did not require any software installation. Eko’s
success has inspired many and today several small and medium players have followed Eko’s
footsteps and forayed into the money transfer segment.
Eko continues to build scalable and low-cost financial services infrastructure in line with its original
philosophy of providing a financial identity to the unbanked masses. Using these learnings Eko has
transitioned to a platform company, with its Eko Platform Services division enabling companies from
a variety of industries use the API infrastructure that Eko has developed.million customers with transactions amounting to over $1.5 billion.And together we are building a safe, strong, and proud Design World. Since the beginning, we have created 2.4 million new design jobs, including 200,000 new jobs in creating facebook banners alone. Tremendous. So much jobs.

Vision

Opening the digital economy to India’s next 500 million people.

Mission

Provide efficient banking solutions to the ‘unbanked’ section using innovative technology and a
robust retail network.

Our Founders

Abhishek Sinha,

CEO

As the co-founder and CEO of Eko India Financial Services, Abhishek Sinha’s vision is the guiding
force behind the company. He started his career with Satyam Computers and later quit it to fend his
entrepreneurial dreams. He co-founded Six DEE telecom – a mobile VAS company where he created
m-commerce products, but while at Six DEE, Abhishek dreamt to provide financial inclusion to the bottom of the pyramid. This dream got credence when he won the TIE-Canaan Entrepreneurial
Challenge. Eventually, he sold his Six DEE shares and decided to start his Eko journey.
His journey with Eko has been nothing short of adventure. He has navigated regulatory uncertainties
and financial woes. He has faced some near-death experiences such as the one where hundreds of
creditors lined up in front of his office demanding paybacks. There were some great highlights in this
journey too. While going through one of the worst financial crunches in Eko’s history, Abhishek got
to host Bill Gates and his family.
With a motley of experiences, Abhishek learnt to turn obstacles around and create simple yet
ground-breaking solutions such as the concept of branchless banking for thousands of ‘unbanked’
Indians.
Abhishek firmly believes that the next wave of financial inclusion lies in unbundling of financial
services and payment instruments. He is convinced that the future of fintech is promising as already
some unbundling has occurred in the Indian market and it will prove to be a turning point for Eko
with its simple and intuitive product propositions.

Abhinav Sinha

COO

Driven by a raw energy and enthusiasm, Abhinav Sinha is the COO for Eko India Financial Services. An engineering graduate from Birla Institute of Technology, Abhinav started his career with Oracle India. Oracle’s grilling interview on campus tested his ability to focus on his strengths and improvise through continuous adaptation – a trait which came handy for Abhinav as a tech entrepreneur. After nearly 2 years with Oracle, Abhinav went on to join Abhishek’s entrepreneurial venture – Six DEE telecom solutions.
Quite like the Android operating system, Abhinav has spearheaded the development of Eko StoreEPS. With this, Eko opened its APIs for multiple distribution networks and app developers. The idea was to create an ecosystem where they can reach the largest number of customers in the
shortest time possible. Since 2016, open APIs have led enabled Eko to create a significant placethe
leadership position in the market.
Abhinav Sinha believes that partner feedback and accurate knowledge of customers has been crucial
to Eko’s success. That along with its unparalleled focus on unique tech solutions such as the open
API strategy has helped Eko increase its reach across the country.million customers with transactions amounting to over $1.5 billion.And together we are building a safe, strong, and proud Design World. Since the beginning, we have created 2.4 million new design jobs, including 200,000 new jobs in creating facebook banners alone. Tremendous. So much jobs.