Legit Saathi is a fintech platform that helps formalize informal lending through digital loan agreements, repayment tracking, borrower records, and legally verifiable documentation. The platform enables individuals, lenders, SHGs, NGOs, and community institutions to create transparent and trusted lending relationships, especially in rural and semi-urban India.
Startup Description
Legit Saathi Private Limited is building India's digital infrastructure for informal lending. Millions of lending transactions in India occur outside the formal banking system, often without documentation, legal protection, or repayment records. This creates disputes, financial losses, and limits access to future credit.
Legit Saathi provides a simple digital platform that enables borrowers and lenders to create documented loan agreements, maintain repayment histories, generate digital evidence, and build financial credibility. Through partnerships with NGOs, SHGs, FPOs, cooperatives, and NBFCs, we aim to bring trust, transparency, and financial inclusion to underserved communities across India.
Our mission is to bridge the gap between informal credit and the formal financial ecosystem while reducing loan disputes and improving access to responsible finance.
Business Model
B2B2C + SaaS + Transaction Revenue
Loan Agreement Creation Fees
Subscription Plans for Lenders and Institutions
NGO/SHG/FPO Partner Licensing
NBFC Referral & Lead Generation Revenue
Digital Documentation & Verification Services
Future Financial Products Marketplace
Customers
based in
India
Business
Modal Type
SaaS
Type of
Sales
B2B2C
Competitors
Khatabook
Jai Kisan
Lentra
Informal local moneylender ecosystem
Traditional paper-based lending systems
Teams
Rahul kaushik
Founder
Devesh Rattan
Co Founder
Tell us a bit about how founding team knows
each other.
The founding team has known each other through professional and personal networks. Over time, we identified a shared interest in solving financial inclusion challenges and improving trust in informal lending. Our complementary skills across business strategy, operations, technology, and execution led us to collaborate and build Legit Saathi together.
Why did you decide to start this
company?
We started Legit Saathi to solve the trust and documentation gap in informal lending and help millions of borrowers and lenders access safer, transparent financial transactions.
Are all the founders full-time on this
project?
Yes
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