Equal Identity

Identity Verification & Financial Data Sharingequal.in

Equal Identity operates India's largest consent-driven data sharing platform, providing identity verification, background checks, and RBI-licensed Account Aggregator services to enterprises, BFSI institutions, and consumers through AI-powered document parsing and a unified multi-AA API connecting 120+ financial providers.

Company typePrivate
Founded2015
HeadquartersHyderabad, India
Headcount101–250
GTM typeB2B
OfferingSoftware

What Equal Identity does

Equal Identity Private Limited is an India-based data sharing and identity verification platform headquartered in Hyderabad. Founded in 2015 by Keshav Reddy, Rajeev Ranjan, and Krishna Prasad Atluri, the company operates three product lines: (1) Employment/BGV products including Identity Gateway, BGV Suite, and vertical-specific solutions for Enterprise Hiring, Gig Hiring, Staffing, and Financial Services employment verification; (2) BFSI products under the OneMoney and MoneyOne brands, comprising India's first RBI-licensed Account Aggregator (OneMoney) and an AA TSP platform (MoneyOne) with FinPro (FIU TSP) and FinShare (FIP TSP) solutions connecting to 120+ Financial Information Providers and processing 50%+ of India's AA traffic; and (3) Consumer products including Equal ID Wallet, Equal Connect, Equal AI (caller assistant), and Equal RIA (SEBI-registered investment adviser). The platform serves enterprise customers across telecommunications (Airtel), conglomerates (JSW, L&T), BFSI (HDFC Bank, Kotak Securities, Motilal Oswal, Ujjivan), food & beverage (McDonald's), professional services (EY), staffing (TeamLease), and real estate (Nobroker).

The underlying technology combines AI-powered OCR document parsing, computer vision for identity verification, anomaly detection, predictive risk scoring, and smart AA routing, all built on India's Digital Personal Data Protection Act 2023 and Account Aggregator framework. The architecture features Zero Trust with FIPS 140-2 256-bit AES-GCM encryption, no data persistence, and a Consent Ledger for full audit trails. Multi-AA interoperability through a single API, multi-language SDKs (Java, Node, Python), and HRMS/ATS embed capabilities support both enterprise sales and developer-led integration models. Compliance certifications include SOC 2 Type II, ISO 27001, ISO 27701, PCI-DSS, GDPR, and PMLA adherence.

Revenue mechanics are layered across usage-based SaaS fees per data packet delivered, transaction-based verification fees for the BGV Gateway, and subscription/recurring fees for AA TSP services. Pricing is currently free for Data Principals (individual users) and FIPs are not being charged at present, reflecting a land-and-expand monetization approach. Distribution is primarily direct enterprise sales with API-first integration, supplemented by a self-serve hosted-page product for mid-market buyers and white-label/HRMS-embedded deployment for large enterprises. The company is private, founder-led, with subsidiaries OneMoney (Finsec AA Solutions Private Limited) and MoneyOne under its corporate umbrella.

Equal Identity firmographics

Firmographics

Name: Equal Identity
Legal name: Equal Identity Private Limited
Website: https://equal.in
Company type: Private
Founded year: 2015
Operating status: Operating
Headcount range: 101–250 employees
Short description: Equal Identity operates India's largest consent-driven data sharing platform, providing identity verification, background checks, and RBI-licensed Account Aggregator services to enterprises, BFSI institutions, and consumers through AI-powered document parsing and a unified multi-AA API connecting 120+ financial providers.
Ownership category
akta.pro rank

Equal Identity industry classification

Industry

Product category: Identity Verification & Financial Data Sharing
NAICS: Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Credit Bureaus (561450), Software Publishers (5132)
SIC: Services-Computer Programming, Data Processing, Etc. (7370), Finance Services (6199)
akta.pro primary industry: Data, Evidence & Document Verification (IDV) for KYC (FSAMAMAN)
akta.pro secondary industries: Identity Verification & Proofing (IDV, KYC, Biometrics) (HDADAAAF), Consent, Privacy & Preference Management (BPAMAEAK), Decentralized Identity (DID) & Verifiable Credentials (BPAMAEAJ)

Keywords

Identity verification
Background verification
Account aggregator
Consent management
Financial data aggregation

Where Equal Identity is headquartered

Location

Headquarters

HQ city: Hyderabad
HQ country: India
HQ region: Asia

Offices3 records

Markets served

Equal Identity business model

Business model

GTM type: B2B
Offering type: Software
Cost components: Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

SaaS Platform Fees: Charges based on SaaS model with fees per data packet delivered and/or other charges reflecting prevailing market conditions. Account Aggregator service currently offered free of charge to Data Principals.
Verification Services: BGV Gateway provides identity verification services to businesses as a Data Processor. Equal ID Gateway enables secure sharing of IDs with different businesses for verification purposes.
Account Aggregator TSP Services: FinPro for FIUs and FinShare for FIPs provide Account Aggregator ecosystem services. FIPs currently not being charged based on present market situation.

Pricing tiers

Model	Billing	Price
Usage-based	Pay-as-you-go	Data Packet Based Pricing

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Equal Identity product offering

Product offering

Core offering

Equal Identity operates India's most advanced data sharing platform, providing AI-powered identity verification, automated background verification (BGV), and an RBI-licensed Account Aggregator framework (OneMoney/MoneyOne) for consent-driven financial data sharing. Its products serve BFSI, enterprise hiring, gig economy, and consumer identity use cases through APIs, hosted pages, and HRMS embeddings.

Product overview

Equal Identity Private Limited operates a multi-segment data sharing platform consisting of three core product lines: (1) An Employment/BGV platform comprising Identity Gateway (IDG), BGV Suite, Equal Console, and specialized sub-brands for Enterprise Hiring, Gig Hiring, Staffing & Contract Roles, and Financial Services; (2) A BFSI/Financial Data platform under MoneyOne offering OneMoney (RBI-licensed Account Aggregator), FinPro (FIU TSP), and FinShare (FIP TSP) for consent-driven financial data access; and (3) Consumer products including Equal ID Wallet, Equal ID Gateway, Equal Connect, and Equal AI. Supporting infrastructure includes Equal RIA (SEBI-registered investment advisory). All products operate on a consent-driven, privacy-first architecture with AI-powered document parsing, real-time verification, and enterprise-grade security. The company is headquartered in Hyderabad, India.

Differentiator

Problem solved

Functional benefit

Brands

OneMoney: India's First RBI-Licensed Account Aggregator - enabling secure, consent-driven financial data sharing between Financial Information Providers and Financial Information Users.
MoneyOne
Equal ID Gateway
Equal ID Wallet
Equal Connect
Equal RIA

Products and services

Identity Gateway (IDG) Equal's digital identity verification gateway that collects, verifies, and confirms identity documents from users in real time without coding. Supports Aadhaar, PAN, bank accounts, voter ID, driving license, and more via multi-channel access with AI-powered document parsing and secure consent capture.
BGV Suite Comprehensive background verification platform covering the full employee lifecycle, including automated document collection, UAN workflows, AI-powered orchestration, custom business rules, and integration with ATS systems for enterprise hiring management.
Enterprise Hiring Enterprise-grade hiring solution that automates background checks, onboarding, and compliance directly inside an organization's HRMS. Offers zero workflow disruption, single vendor billing, real-time results, and multi-channel candidate communication for large organizations.
Gig Hiring Fast, flexible, and compliant gig worker hiring solution enabling instant verification, onboarding, and management of gig workers at scale. Features real-time verification, bulk onboarding, automated compliance, and mobile-first 24/7 availability.
Staffing & Contract Roles Staffing and contract role solution for instant verification, onboarding, and management of contract and temporary staff, with speed-to-hire, workforce flexibility, automated compliance, and cost control for temporary staffing needs.
OneMoney India's first RBI-licensed Account Aggregator (AA) platform enabling secure, consent-driven sharing of financial data (bank statements, mutual funds, insurance, equities, GSTN, NPS) between Financial Information Providers and Financial Information Users.
MoneyOne India's largest AA TSP (Account Aggregator Third-Party Service Provider) platform offering FinPro (FIU TSP) and FinShare (FIP TSP) products, financial analytics, consent management, smart AA routing, and API integration with 120+ FIPs across India's Account Aggregator ecosystem.
FinPro MoneyOne's flagship FIU TSP (Financial Information User Third-Party Service Provider) solution enabling banks, NBFCs, insurers, and fintechs to access and analyze consented financial data through the Account Aggregator framework with DPDP and RBI compliance.
FinShare MoneyOne's FIP TSP (Financial Information Provider Third-Party Service Provider) solution enabling banks, insurers, AMCs, and registrars to securely manage and share consented financial data under the AA ecosystem with full audit trails, consent ledger, and DPDP + ReBIT compliance.
Equal ID Wallet Secure personal data wallet allowing users to store and manage government-verified identity documents (Aadhaar, PAN, driving license, etc.) in one place and share them with businesses at their will and choice, with full consent control.
Equal ID Gateway Platform enabling users to securely share IDs with different businesses for hassle-free verification. Works in conjunction with Equal ID Wallet for consent-driven identity verification.
Equal Connect Single sign-on solution allowing users to access multiple applications and services with one set of login credentials by creating an Equal Account, enabling seamless pre-fill of identity information across businesses.
Equal RIA SEBI Registered Investment Adviser (RIA) offering unbiased investment advisory services including stock, mutual fund, and fixed income products tailored to individual financial goals. Registered as Non-Individual with SEBI Registration No. INA000018124.

Quantifiable outcome

Reduces employee onboarding from weeks to hours
+3 more outcomes

Companies that use Equal Identity

Customer profile

Named customers12 records

Segments8 records

Ideal customer profiles4 records

Equal Identity technology and API

Technology

Technology focussed Yes

API detail

Has API: Yes
API docs
API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability7 records

Feature8 records

Equal Identity partnerships and signals

Strategic signal

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Equal Identity competitors and assessment

Company assessment

Direct peers

AuthBridge: AuthBridge is one of India's largest background verification companies serving enterprise hiring, gig economy, and BFSI customers. Comparable to Equal's BGV Suite and Equal Console for employment verification at scale.
IDfy: IDfy is a leading Indian background verification and identity platform serving enterprise hiring, BFSI, and gig economy use cases. Closely comparable to Equal Identity's BGV Suite, Identity Gateway, and Enterprise/Gig Hiring sub-brands in product scope and customer base.
HyperVerge: HyperVerge is an Indian AI-based identity verification and KYC platform serving banks, fintechs, and crypto exchanges with document parsing and liveness checks. Comparable to Equal's Identity Gateway on the AI/document-parsing capability side.
Perfios: Perfios is an Indian fintech data aggregation and decisioning platform that pulls bank statement, KYC, and financial data for lenders and insurers. Directly comparable to Equal's MoneyOne/FinPro offering for FIU-side financial data access and underwriting analytics.
Signzy: Signzy is an Indian digital onboarding and identity verification platform serving banks, NBFCs, and fintechs with KYC, video KYC, and eSign workflows. Directly comparable to Equal Identity's Identity Gateway and BFSI vertical, competing for the same enterprise customers in India.
Setu: Setu is an Indian API infrastructure fintech offering Account Aggregator, eSign, eKYC, and AA-related developer tooling. Comparable to Equal's MoneyOne/FinPro/FinShare as a competing AA TSP and API-first integration layer for FIUs.
Bureau.id: Bureau.id is an Indian identity verification and fraud risk platform serving BFSI and fintech with device intelligence, KYC, and AML. Comparable to Equal's Identity Gateway and BFSI vertical from a fraud/identity risk standpoint.
Finvu: Finvu is one of the licensed Account Aggregators in India (operated by Finvu Tech), enabling consent-driven financial data sharing between FIPs and FIUs. Directly comparable to Equal's OneMoney subsidiary as a competing RBI-licensed AA.

Broad incumbents

Jumio: Jumio is a global identity verification and KYC/AML platform serving large enterprises, fintechs, and crypto exchanges. Comparable to Equal's Identity Gateway and BFSI KYC capabilities as a broad incumbent operating in the same addressable market.
Onfido (Entrust): Onfido, now part of Entrust, is a global identity verification provider offering document and biometric IDV for BFSI and enterprise. Comparable to Equal's Identity Gateway as a broader incumbent in IDV that competes for the same enterprise RFPs in India and globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Equal Identity compliance and trust

Trust signal

Compliance9 records

Equal Identity financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Equal Identity leadership team

Management profile

Number of profiles

Profiles4 records

Equal Identity subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Equal Identity funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Equal Identity M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Equal Identity

What does Equal Identity do?

Is Equal Identity a public or private company?

Equal Identity is a private company. It is classified as venture growth investor backed and is currently operating.

When was Equal Identity founded?

Equal Identity was founded in 2015. It employs 101 to 250 people.

Where is Equal Identity based?

Equal Identity is headquartered in Hyderabad, India, in the Asia region.

How does Equal Identity make money?

Three revenue lines are on record. SaaS Platform Fees are the primary driver. The others are verification Services and account Aggregator TSP Services.

Who are Equal Identity's main competitors?

Direct peers on record are AuthBridge, IDfy, HyperVerge, Perfios, Signzy, Setu, Bureau.id and Finvu. Broad incumbents are Jumio and Onfido (Entrust).

Does Equal Identity have an API?

Yes. Equal/MoneyOne exposes REST APIs for integration with the Account Aggregator ecosystem, enabling FIUs to pull consented financial data from FIPs. Webhook support provides real-time status updates for delivery and failover events. Multi-language SDKs (Java, Node, Python) are available for rapid integration. OAuth and eSign support is provided for embedded authentication flows. A sandbox/test environment is offered for integration testing.

What industry is Equal Identity in?

Equal Identity's product category is Identity Verification & Financial Data Sharing. Its primary akta.pro industry code is FSAMAMAN, Data, Evidence & Document Verification (IDV) for KYC, with a secondary code of HDADAAAF, Identity Verification & Proofing (IDV, KYC, Biometrics). Its NAICS code is 52232 and its SIC code is 7370.