What OnEMI Technology Solutions does

OnEMI Technology Solutions is an Indian digital lending platform founded in 2016 by Ranvir Singh and Krishnan Vishwanathan, operating through its flagship Kissht consumer app and the PaywithRING (Ring) instant-loan app. The company targets India's underserved and new-to-credit mass-market segment, offering unsecured personal loans up to ₹5 lakh, small-ticket business loans, and secured Loan Against Property products. Its stated core technology is AI/ML-driven underwriting combined with alternative credit scoring, which evaluates borrowers who lack traditional bureau histories against a registered-user base of 63.73 million and a customer base of 11.17 million as of December 2025.

Name

OnEMI Technology Solutions

Legal name

OnEMI Technology Solutions Limited

Website

https://onemi.in

Company type

Public

Founded year

2016

Operating status

Ipo

Headcount range

101–250 employees

Short description

OnEMI Technology Solutions is an Indian digital lending platform operating the Kissht and Ring apps, serving underserved and new-to-credit consumers via AI-driven underwriting and a 47-partner bank/NBFC network, with its RBI-regulated NBFC subsidiary Si Creva Capital Services.

Ownership category

akta.pro rank

Product category

Digital Consumer Lending

NAICS

Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC)

akta.pro secondary industries

Direct-to-Consumer (D2C) Personal Lending Platforms (Unsecured Installment) (FSAKAAAK), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

Keywords

• Digital lending platform
• Consumer lending
• Alternative credit scoring
• Personal loan apps
• NBFC lending services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest income from lending: OnEMI generates primary revenue through interest income on its loan portfolio, including unsecured personal loans and secured loans like Loan Against Property. The company bears approximately 5% of total credit risk while its 47 lending partner banks and NBFCs bear the remainder. Kissht's NBFC subsidiary Si Creva Capital Services is a Middle Layer Non-Deposit taking NBFC that forms the regulated lending arm.
2. Loan processing and platform fees: Revenue is earned through loan origination fees and platform service charges collected from customers at the time of loan disbursement, as well as ongoing fees from lending partners for loan processing and servicing.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

OnEMI Technology Solutions operates a digital lending platform that enables credit for Indian consumers through its Kissht and Ring/PaywithRING mobile applications. It originates personal loans, business loans, and secured loans like Loan Against Property (LAP), using AI/ML-based underwriting and alternative credit scoring to serve underserved and new-to-credit borrowers who lack traditional credit histories. Lending is executed through its RBI-regulated NBFC subsidiary Si Creva Capital Services and 47 bank/NBFC partner network.

Product overview

OnEMI Technology Solutions operates a multi-product digital lending platform comprising Kissht (personal and business loans), PaywithRING/Ring (instant youth-focused loans), and its RBI-regulated NBFC subsidiary Si Creva Capital Services. The company leverages AI-driven underwriting and alternative credit scoring to serve underserved and new-to-credit customers in India.

Differentiator

Problem solved

Functional benefit

Brands

• Kissht: Digital lending platform offering personal and business loans with minimal documentation and quick approval processes.
• Ring

Products and services

• Kissht Digital lending platform offering easy-to-avail personal and business loans with minimal documentation and quick approval processes for underserved and new-to-credit borrowers across India. Operates as the core consumer-facing brand of OnEMI.
• PaywithRING (Ring) Instant-loan mobile application providing small-ticket personal loans in minutes with zero documentation, seamless digital KYC, and direct bank transfers to borrower bank accounts, targeting India's youth and digitally native consumers.
• Si Creva Capital Services RBI-regulated NBFC subsidiary (Middle Layer Non-Deposit taking NBFC) of OnEMI Technology Solutions that provides the regulated lending infrastructure and capital base for digital lending operations conducted through the Kissht and Ring platforms.

Quantifiable outcome

• AUM grew from ₹1,267 crore (FY23) to ₹5,955 crore (9MFY26), representing an 80%+ annual growth rate
• +4 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Invincible Minds Private LimitedminorOthers · 17 June 2026OnEMI incorporated Invincible Minds Private Limited on June 17, 2026, as a wholly-owned subsidiary, investing ₹9 crore to subscribe to 90 lakh equity shares representing 100% shareholding. The new subsidiary was established to expand OnEMI's financial services presence.
• Si Creva Capital Services Private LimitedcoreOthers · 16 May 2026Si Creva Capital Services is OnEMI's wholly-owned NBFC subsidiary (Middle Layer Non-Deposit taking NBFC regulated by RBI). OnEMI invested ₹637.5 crore into Si Creva in May 2026 through subscription to 30 million equity shares at ₹2,125 per share, using IPO fresh issue proceeds. Si Creva had a networth of ₹858.98 crore and turnover of ₹1,092.48 crore for FY 2024-25.
• JM FinancialminorOthers · 8 May 2026JM Financial served as a book-running lead manager for OnEMI Technology Solutions' IPO, along with HSBC Securities, Nuvama Wealth Management, SBI Capital Markets, and Centrum Broking.
• Nuvama Wealth ManagementminorOthers · 8 May 2026Nuvama Wealth Management served as a book-running lead manager for OnEMI's IPO, contributing to the consortium of five lead managers managing the ₹926 crore public issue.
• 47 lending partner banks and NBFCscoreStrategic or Co-development Partner · 27 April 2026OnEMI operates a partnership-led lending model with 47 bank and NBFC partners. The company handles loan origination and underwriting through its AI-driven technology platform, while partners provide the lending capital and bear approximately 95% of total credit risk. OnEMI bears the remaining 5% of risk.
• Crisil (Ratings Agency)minorOthers · 17 February 2026Crisil upgraded the credit ratings of OnEMI's NBFC arm Si Creva Capital Services in February 2026, citing strong business momentum, improved profitability, and healthy capitalisation. The upgrade reflects Si Creva's AUM expansion to Rs 5,533 crore as of September 2025.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• KreditBee: India's largest digital personal loan platform serving salaried and self-employed borrowers via mobile app. Directly comparable in targeting new-to-credit and underserved Indian consumers with small-ticket unsecured personal loans and similar AI-driven underwriting approach.
• Moneyview: Bengaluru-based digital lending platform offering personal loans, home loans, and credit lines through mobile app. Comparable in product mix (personal loans), AI/ML underwriting, customer segment (mass-market salaried), and partnership-led capital model.
• CASHe: AI-driven digital lending platform offering short-term personal loans to young professionals in India. Comparable in alternative credit scoring methodology, mobile-first distribution, and underserved/youth customer targeting.
• Navi Technologies: Indian fintech offering personal loans, home loans, and insurance with NBFC arm. Comparable in digital lending focus, partnership/balance-sheet hybrid model, and target on young digital-first borrowers, though larger and more diversified.
• PaySense (LazyPay): Digital consumer credit platform offering personal loans and BNPL products. Directly comparable in mobile-based instant personal loans, target segment (urban salaried), and digital underwriting approach.
• Fibe (formerly EarlySalary): Digital lending platform focused on salaried borrowers with instant personal loans and salary advances. Direct competitor in the same digital-first consumer credit category with similar target demographics and partnership funding model.

Emerging players

• ZestMoney: Digital consumer lending platform with focus on EMI financing and BNPL for e-commerce. Comparable in alternative credit assessment and target on consumers underserved by traditional banks, though ZestMoney focuses more on purchase financing than personal loans.

Broad incumbents

• BharatPe: Indian fintech offering merchant lending and consumer credit products. Comparable in digital lending to underserved segments and partnership/funding model, with broader merchant payments franchise providing distribution and data advantages.
• MobiKwik: Listed Indian digital payments and fintech platform offering personal loans, BNPL, and credit products. Comparable in digital-first consumer lending and mobile app distribution, with broader payments/wallet ecosystem providing customer acquisition channel.
• Paytm: India's largest digital payments platform with significant consumer credit and lending operations (Paytm Postpaid, personal loans via partners). Comparable in partner-led lending model and target on digital-first consumers, but much broader scope including payments, banking, and commerce.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about OnEMI Technology Solutions