Osman Bakoban

Spice Money

Spice Money is India's leading Rural Fintech company empowering merchants/nanopreneurs, called Spice Money Adhikaris through technology to cater to the digital and financial needs of rural citizens in India. Spice Money through its cutting edge technology and wide network of Adhikaris, is bridging the gaps in access to various financial services for rural citizens and is revolutionizing the way Bharat banks. Spice Money offers essential digital financial and e-retail services such as cash deposit and Aadhaar led withdrawals, mini ATM services, bill payments and recharge, money transfers, loans, tours and travel and more to the rural citizens through Spice Money Adhikari App (available on Google play store with an industry best rating of 4.4) and Web portal. The Spice Money network, comprising more than 10 lakh Adhikaris, covers 2,50,000 villages which is more than 18,000 pin codes, 700 districts and 5,000 blocks, serving over 10 crore households. In fact, the network now covers 95% rural pin codes in India. In December 2020, Spice Money joined hands with actor and philanthropist Sonu Sood with a shared vision of harnessing the power of tech to promote entrepreneurship among the rural and semi-urban population. The company reinvented itself into a new identity – Spice Money to Life Bani encapsulating the brand philosophy of bringing real change in the lives of its customers & Adhikaris. Spice Money aims to provide much needed access to essential financial services for Rural communities in the remote corners of the country. Spice Money, also has an Open Network for Assisted Digital Distribution platform wherein we can integrate multiple partners and take their services to the last mile with the help of our million-strong network of Adhikaris.