Kosh

What Kosh does

Kosh is an Indian digital lending platform that provides instant, collateral-free personal and group loans up to ₹2,00,000 to India's blue-collar and unorganised workforce, including factory, logistics, service sector, and construction workers as well as women entrepreneurs. The platform is operated by Adhikosh Financial Advisory Private Limited with lending activity conducted through the RBI-registered NBFC Narendra Finance Co. Private Limited (NFCPL), headquartered in Gurugram. Kosh's core product is its mobile app (available on Google Play Store with 1M+ downloads and a 4.5/5 rating across 92K+ reviews) that enables fully digital KYC, instant loan approval, chat-based loan servicing, and EMI-based repayment over 1–36 month tenures. The platform is differentiated by what it positions as India's first Group Loan App, using a Joint Liability Group (JLG) lending model that leverages social trust within worker communities to underwrite borrowers who lack traditional credit history or collateral.

The technology stack centers on data-driven underwriting models that combine transactional, employment, income, and repayment signals to assess thin-file borrowers, supported by a dedicated chat channel per loan for EMI reminders, status updates, and customer support. Loan origination, disbursement, and servicing are executed through co-lending and Loan Service Provider (LSP) partnerships with RBI-regulated NBFCs including Light Microfinance, Hindon Microfinance, and FinTree, with additional DLG-compliant digital lending partnerships with BytePe, Entitled, Roopya, and Karmalife under First Loss Default Guarantee (FLDG) arrangements. Kosh also operates an EMI Calculator tool and offers secured Non-Convertible Debentures (NCDs) at 15% IRR over 13 months to raise capital against its ₹150Cr+ loan portfolio.

The business model is asset-light and partnership-driven: Kosh earns interest share or origination/servicing fees on loans originated through NBFC partners, rather than carrying the full credit risk on its own balance sheet except for the FLDG portion. The platform holds ISO 9001 and ISO 27001 certifications and operates entirely within RBI Digital Lending Guidelines. As of April 2025, Kosh reported monthly revenue of ₹3.5 Cr, a loan portfolio AUM exceeding ₹150 Cr, ₹41 Cr in NFCPL net capital, and a quarterly net profit of ₹61 Lakhs in F25-26 Q2. Distribution is exclusively digital via the mobile app and social-media channels, with no physical branch network.

Name

Kosh

Legal name

Adhikosh Financial Advisory Private Limited

Website

https://getkosh.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

101–250 employees

Short description

Kosh is an Indian digital lending platform offering instant, collateral-free personal and Joint Liability Group loans up to ₹2,00,000 to blue-collar and unorganised workforce borrowers, operating via a mobile app and partnerships with RBI-regulated NBFCs.

Ownership category

akta.pro rank

Product category

Digital Lending / Consumer Microfinance

NAICS

Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Loan Brokers (6163)

akta.pro primary industry

Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE)

akta.pro secondary industry

KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening) (FSAGAFAB)

Keywords

• Digital lending platform
• Blue-collar loans
• Group lending
• Microfinance services
• Instant personal loans

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income from Loans: Kosh earns revenue through interest charged on loans disbursed via its platform. The company partners with NBFCs as co-lenders and Loan Service Providers, sharing in the interest income from the loan portfolio. Loans are offered up to ₹2,00,000 with interest rates ranging from 1% to 36% per annum.
2. Partnership-Based Lending Fees: Revenue is generated through partnership arrangements with regulated NBFCs. Kosh manages customer sourcing, onboarding, underwriting support, and collections coordination for which it receives fees or share of loan economics.
3. NCD Investment Returns: Narendra Finance Co. Private Limited (the NBFC behind Kosh) offers Non-Convertible Debentures to investors at 15% interest rate over 13-month tenure, raising capital for lending operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Kosh operates a mobile-first digital lending platform offering instant personal loans and Joint Liability Group (JLG) loans up to ₹2,00,000 to India's blue-collar and unorganised workforce. The platform enables fully digital, collateral-free borrowing with zero paperwork, leveraging group-based credit assessment and partnerships with RBI-regulated NBFCs (Light Microfinance, Hindon Microfinance, FinTree) for loan origination and servicing. Kosh manages end-to-end customer sourcing, digital KYC, underwriting, disbursement coordination, and collections across the partnership network.

Product overview

Kosh operates as a unified mobile lending platform—India's first Group Loan App—designed specifically for India's blue-collar and unorganised workforce. The core product is the Kosh Instant Personal Loan App, which enables group-based lending with instant approval up to ₹2,00,000, zero documentation, and fully digital processing. The platform is complemented by an EMI Calculator tool for repayment planning and an NCD (Non-Convertible Debenture) investment product offering for investors. Kosh partners with RBI-regulated NBFCs (including Light Microfinance, Hindon Microfinance, and FinTree) for loan disbursement while managing customer sourcing, digital KYC, underwriting support, and collections coordination.

Differentiator

Problem solved

Functional benefit

Products and services

• Kosh - Instant Personal Loan App

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and supporting.

• Light MicrofinancecoreChannel Partner/ Reseller/ DistributorLending partner providing micro-loan products through Kosh platform. Works with Kosh as part of the partnership-based retail lending model to deliver accessible credit solutions to underserved workers.
• Hindon MicrofinancecoreChannel Partner/ Reseller/ DistributorMicrofinance partner collaborating with Kosh to offer accessible micro-loans and faster approvals through the digital lending platform.
• FinTreecoreChannel Partner/ Reseller/ DistributorFinancial partner providing lending services through Kosh platform, contributing to the secure borrowing experience and accessible credit solutions.
• BytePe (Goluxea Internet Services Pvt. Ltd)supportingTechnology or IntegrationDLG-compliant partnership under RBI Digital Lending Guidelines. BytePe provides digital lending services with Kosh providing First Loss Default Guarantee (FLDG) on defined portion of portfolio.
• Entitled (Entitled Technologies Pvt. Ltd)supportingTechnology or IntegrationDLG-compliant partnership under RBI Digital Lending Guidelines. Entitled provides technology-enabled lending services with risk-sharing arrangement through FLDG.
• Roopya (Geoalgo Technologies Pvt. Ltd)supportingTechnology or IntegrationDLG-compliant partnership under RBI Digital Lending Guidelines. Roopya offers digital lending solutions with Kosh providing portfolio risk guarantee.
• Karmalife (OnionLife Pvt. Ltd)supportingTechnology or IntegrationDLG-compliant partnership under RBI Digital Lending Guidelines. Karmalife provides digital lending services with Kosh managing FLDG risk on portion of partner portfolio.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Jai Kisan: Jai Kisan provides financing solutions for rural, agri-allied, and blue-collar workers via a digital platform with NBFC partnerships. Comparable borrower profile (rural / blue-collar / thin-file), partnership-based capital structure, and focus on financial inclusion segments adjacent to Kosh's core customer base.

Direct peers

• KreditBee: KreditBee provides instant personal loans to salaried and self-employed individuals including blue-collar segments through a mobile app, using NBFC partnerships for origination. Comparable business model — co-lending via NBFCs, mobile-led acquisition, similar small-ticket personal loan product — and competes head-to-head in overlapping borrower segments.
• FlexiLoans: FlexiLoans is a digital lending platform offering personal, business, and consumer loans to underserved individuals and small businesses via NBFC partnerships. Comparable fintech-led origination model, partnership-based capital structure, and small-ticket loan products aimed at thin-file borrowers.
• Money View: Money View offers personal loans, home credit, and small business loans through a mobile platform with NBFC partnerships, targeting salaried and self-employed segments including lower-tier income groups. Comparable digital lending stack, NBFC-led origination, and target demographics overlap significantly with Kosh.
• mPokket: mPokket offers small-ticket instant personal loans to young professionals, students, and blue-collar workers via a mobile app. It is the closest comparable in terms of customer segment (blue-collar / thin-file), ticket size, and mobile-first digital distribution, making it a direct competitor for the same borrower wallet.
• Fibe (formerly EarlySalary): Fibe provides salary advances and small-ticket personal loans through mobile app and employer partnerships, expanding into the salaried and new-to-credit segment. Comparable mobile-first digital lending product, NBFC co-lending model, and Indian customer base.
• PaySense (LazyPay): LazyPay/PaySense offers digital consumer credit, including pay-later and personal loans, to young professionals and mass-market consumers through mobile channels. Comparable digital small-ticket consumer credit product and NBFC co-lending structure, with overlapping customer demographics.
• SmartCoin: SmartCoin is a mobile lending app targeting underserved, thin-file borrowers including blue-collar workers with small-ticket, short-tenure personal loans. Closely comparable customer segment, loan size, and mobile-first product, making it a near-direct competitor.

Broad incumbents

• BharatPe: BharatPe is a broader fintech serving Indian merchants with payments, lending, and investment products, including small-ticket working capital loans to underserved businesses. While broader than Kosh, it competes for the same underserved borrower/merchant wallet with a deeper balance sheet and lending partnerships.
• Spice Money: Spice Money is a fintech platform offering digital financial services including micro-ATM, AePS, and lending products targeted at rural and semi-urban India. Overlaps with Kosh in serving financially underserved populations with credit and embedded lending products, though via a broader service suite.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCwLyV70OGNw3_arDjwB-U4g
• Facebookfacebook.com/getkosh
• LinkedInlinkedin.com/company/getkosh
• Instagraminstagram.com/getkosh/?hl=en
• Xx.com/getkosh

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors4 records

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

M&A

Investments2 records

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

Frequently asked questions about Kosh