Vaya Financial Services

Vaya uses tablet-banking and biometric technology to deliver loans on behalf of banks to low-income people in India. Founded in 2014, Vaya was India's first banking business correspondent to have 100% electronic identity verification using the government of India's unique identification card and the first to have 100% cashless disbursements. Vaya serves 450,000 members across six Indian states and manages a loan portfolio of $110 million. Vaya represents microfinance 2.0 in the sense that Vaya blends the agility of a start-up with the deep experience of a seasoned leadership team, many of whom were early staff of SKS Microfinance.