iNav Technologies Pvt
iNav Technologies develops Coligo, an AI-driven core banking platform for Indian NBFCs, MFIs, Small Finance Banks, and cooperative societies, with an OpenAI-powered ibanker copilot, 250M+ transactions processed, and 10M+ active users.
- Company typePrivate
- Founded2016
- HeadquartersKochi, India
- Headcount—
- GTM typeB2B
- OfferingSoftware
What iNav Technologies Pvt does
iNav Technologies Pvt Ltd, founded in 2016 and headquartered in Kochi, Kerala, develops Coligo, an AI-driven core banking platform serving Indian regulated lending institutions. The platform unifies lending, deposit management, financial accounting, audit, asset-liability management (ALM), credit decisioning, and customer-facing channels into a single cloud-native, microservices-based system with an API-first architecture. Target customers are NBFCs, Microfinance Institutions (MFIs), Small Finance Banks, Multi-State Cooperative Societies (MSCS), and Nidhis — segments where legacy systems and paper-heavy workflows are common and where regulatory reporting complexity is high.
The product stack centers on Coligo CBS (Core Banking System) as the core platform, with ibanker as an AI copilot layer providing natural language banking queries, workforce management, and real-time decision intelligence through domain-tuned LLMs with RAG architecture. Supporting modules include Smart LOS (100% paperless loan origination with AI document capture and geo-fencing), Credit Decisioning System (Business Rule Engine and Early Warning Signals), ALM (LLM-powered), MIS (Digital Cell Technology for high-speed ETL), Financial and System Audit modules, Self-Servicing Kiosk, and the FinGo mobile application. The platform integrates with OpenAI for AI capabilities, Hyperledger Fabric for blockchain-based audit trails, major credit bureaus (CRIF, Equifax, CIC), eKYC providers (Surepass), eSign, and India's payment infrastructure (UPI, IMPS, NEFT via NPCI). Documented outcomes include TAT reduction from 2-3 days to 15 minutes for Manappuram Asset Finance, 30% operational cost reduction sustained across the customer base, and 85% reduction in report preparation time.
iNav operates a B2B enterprise SaaS subscription model with annual billing cadence and quote-based pricing tailored to institution size and module selection, supplemented by professional services revenue from implementation and deployment. Go-to-market is direct enterprise field sales targeting financial institution decision-makers, supported by digital marketing through the corporate website, product demos, and case study content. The company has a Bengaluru office alongside its Kochi headquarters, processes over 250 million transactions across 10 million-plus active users, and has operated for nine years. No external funding rounds, institutional investors, or revenue figures are disclosed in available materials, and the company appears to be founder-owned and bootstrapped. Named customers include Manappuram Asset Finance (large PAN India NBFC) and Multi State Agri-Horti Co-operative Society.
iNav Technologies Pvt firmographics
Firmographics- Name
- iNav Technologies Pvt
- Legal name
- iNav Technologies Pvt Ltd
- Website
- https://navtechnologies.in
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Short description
- iNav Technologies develops Coligo, an AI-driven core banking platform for Indian NBFCs, MFIs, Small Finance Banks, and cooperative societies, with an OpenAI-powered ibanker copilot, 250M+ transactions processed, and 10M+ active users.
- Ownership category
- akta.pro rank
iNav Technologies Pvt industry classification
Industry- Product category
- Core Banking Software
- NAICS
- Software Publishers (5132), Computer Systems Design Services (541512), Computer Systems Design and Related Services (54151), Activities Related to Credit Intermediation (5223)
- SIC
- Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)
- akta.pro primary industry
- AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs) (HDAEANAJ)
- akta.pro secondary industries
- Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK), iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG), Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC)
Keywords
Where iNav Technologies Pvt is headquartered
LocationHeadquarters
- HQ city
- Kochi
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
iNav Technologies Pvt business model
Business model- GTM type
- B2B
- Offering type
- Software
Revenue model
- Core Banking Platform Subscription: SaaS-based subscription model for AI-driven core banking system (Coligo CBS) targeting NBFCs, MFIs, and cooperative societies. Includes modular banking workflows for lending, deposits, accounting, audits, and digital integrations.
- AI Copilot License (ibanker): Additional AI copilot module providing natural language banking intelligence, workforce management, and real-time analytics. Sold as add-on to core platform.
- Implementation and Professional Services: Implementation, configuration, and deployment services for core banking transformation projects, likely including data migration and system integration.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise subscription - pricing upon inquiry |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
iNav Technologies Pvt product offering
Product offeringCore offering
iNav Technologies (operating as Coligo) develops an AI-driven core banking software platform (Coligo CBS) and an AI-powered decision intelligence copilot (ibanker) for financial institutions in India. The platform offers modular workflows covering lending, deposits, accounting, audits, asset-liability management, credit decisioning, and regulatory compliance, targeting NBFCs, MFIs, Small Finance Banks, Multi-State Cooperative Societies, and Nidhis. Built on a cloud-native microservices architecture with AI/ML, natural language querying, and pre-built integrations with credit bureaus, KYC providers, and national payment networks.
Product overview
iNav Technologies Pvt offers Coligo, an AI-driven core banking platform with modular architecture. The core offering is Coligo CBS (Core Banking System), which unifies lending, deposit management, accounting, audits, and digital integrations for NBFCs, MSCS, and MFIs. Built on cloud-native and AI-driven architecture, it combines modular banking workflows with real-time analytics. The ecosystem includes the flagship AI copilot ibanker (natural language banking queries and workforce management), Smart LOS (paperless loan origination), ALM (asset-liability management), MIS (management information system), Audit Module (financial and system auditing), Credit Decisioning System (underwriting and risk), Self Servicing Kiosk (customer service), FinGo (mobile banking), and dedicated apps for customers, staff, and management. With 10M+ active users and 250M+ transactions processed, the platform delivers 30% operational cost reduction over nine years.
Differentiator
Problem solved
Functional benefit
Brands
- ibanker: AI copilot for banking decision intelligence, providing natural language access to live banking data, workforce management, and real-time portfolio insights.
- FinGo
Quantifiable outcome
- TAT reduced from 2-3 days to 15 minutes (Manappuram Asset Finance case study)
- +3 more outcomes
Companies that use iNav Technologies Pvt
Customer profileNamed customers2 records
Segments5 records
iNav Technologies Pvt technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration18 records
AI capability12 records
Feature8 records
iNav Technologies Pvt partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and supporting.
- OpenAIcoreOpenAI integration powering AI copilots across Coligo modules. Enables natural language processing, LLM-based analytics, and AI-driven decision intelligence within the core banking platform.
- Hyperledger FabricsupportingBlockchain security integration using Hyperledger Fabric for immutable audit trails and data integrity across banking transactions.
- CRIFcoreCredit bureau integration providing real-time connectivity for credit scoring, underwriting decisions, and risk assessment within the loan origination and decisioning system.
- EquifaxcoreCredit bureau integration for real-time credit data access supporting customer underwriting, pre-approvals, and credit risk management.
- CIC (Credit Information Bureau of India)coreDomestic credit bureau integration for Indian credit information access supporting regulatory compliance and credit decisioning.
- eSignsupportingDigital signature integration enabling paperless document execution for loan agreements, compliance documents, and regulatory submissions.
- SurepasssupportingeKYC provider integration for automated identity verification supporting instant customer onboarding with real-time compliance verification.
- National Payment Corporation of India (UPI/IMPS/NEFT)coreIntegration with India's payment infrastructure including UPI, IMPS, and NEFT for seamless fund transfers, EMI payments, and transaction processing.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
iNav Technologies Pvt competitors and assessment
Company assessmentBroad incumbents
- Temenos: Established global core banking vendor with broad lending, wealth, and digital channels portfolio. Competes for the same NBFC and bank modernization deals but as a larger incumbent rather than a niche specialist.
- TCS BaNCS: Tata Consultancy Services' flagship core banking and financial services suite used by major banks and NBFCs. Broad incumbent competitor to Coligo CBS in the Indian market.
- Finastra: Large fintech provider of core banking, lending, and treasury platforms serving banks globally. Overlaps with iNav in core banking and lending technology for financial institutions.
- Infosys Finacle: Infosys' digital banking suite covering core banking, lending, and wealth. A traditional incumbent competitor to Coligo for Indian and global banking transformation deals.
Direct peers
- Thought Machine: Cloud-native core banking engine (Vault) built on microservices, used by tier-1 and challenger banks. Comparable architecture and AI-forward positioning to Coligo's microservices-based CBS.
- Nucleus Software: India-headquartered provider of lending and core banking platforms (FinnOne, FinnAxia) for NBFCs and banks. Direct overlap with iNav's lending suite and NBFC/MFI target segments in the Indian market.
- Mambu: Cloud-native core banking platform composable SaaS used by NBFCs, lenders, and fintechs globally. Closest comparable to iNav's cloud-native, microservices-based Coligo CBS architecture and SaaS subscription model.
- nCino: Cloud banking platform specializing in loan origination and commercial banking workflows. Comparable to iNav's Smart LOS and Credit Decisioning focus on automating and digitizing lending.
- Intellect Design Arena (iGTB): India-based core banking and transaction banking suite targeting global and Indian banks. Competes directly with Coligo CBS for the same core banking modernization mandates among Indian financial institutions.
Emerging players
- Perfios: India-based fintech providing credit decisioning, income and financial data aggregation, and underwriting APIs. Adjacent to iNav's Credit Decisioning System and alternative-data-driven underwriting workflows for NBFCs and lenders.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
iNav Technologies Pvt social profiles
Digital presenceiNav Technologies Pvt compliance and trust
Trust signalCompliance1 record
iNav Technologies Pvt financial estimates
Financial estimateRevenue estimate
Valuation estimate
iNav Technologies Pvt leadership team
Management profileNumber of profiles
iNav Technologies Pvt funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
iNav Technologies Pvt M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about iNav Technologies Pvt
What does iNav Technologies Pvt do?
iNav Technologies (operating as Coligo) develops an AI-driven core banking software platform (Coligo CBS) and an AI-powered decision intelligence copilot (ibanker) for financial institutions in India. The platform offers modular workflows covering lending, deposits, accounting, audits, asset-liability management, credit decisioning, and regulatory compliance, targeting NBFCs, MFIs, Small Finance Banks, Multi-State Cooperative Societies, and Nidhis. Built on a cloud-native microservices architecture with AI/ML, natural language querying, and pre-built integrations with credit bureaus, KYC providers, and national payment networks.
Is iNav Technologies Pvt a public or private company?
iNav Technologies Pvt is a private company. It is currently operating.
When was iNav Technologies Pvt founded?
iNav Technologies Pvt was founded in 2016.
Where is iNav Technologies Pvt based?
iNav Technologies Pvt is headquartered in Kochi, India, in the Asia region.
How does iNav Technologies Pvt make money?
Three revenue lines are on record. Core Banking Platform Subscription is the primary driver. The others are AI Copilot License (ibanker) and implementation and Professional Services.
Who are iNav Technologies Pvt's main competitors?
Broad incumbents on record are Temenos, TCS BaNCS, Finastra and Infosys Finacle. Direct peers are Thought Machine, Nucleus Software, Mambu, nCino and Intellect Design Arena (iGTB). Perfios is listed as an emerging player.
Does iNav Technologies Pvt have an API?
Yes. API-first architecture enabling event-driven APIs that sync with CRM, LOS, LMS, and third-party analytics in real time. Pre-built connectors for credit bureaus, KYC, payment gateways, and national switch networks. Secure data exchange with audit trails, sandbox environments, and role-based access for partners.
What industry is iNav Technologies Pvt in?
iNav Technologies Pvt's product category is Core Banking Software. Its primary akta.pro industry code is HDAEANAJ, AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs), with a secondary code of FSAGALAD, Embedded Lending & Credit (POS, Working Capital, Credit Lines). Its NAICS code is 5132 and its SIC code is 7373.