TallyEdge is the RBI-licensed Account Aggregator operated by Tally Account Aggregator Services Pvt. Ltd. It is backed by Tally Solutions Pvt. Ltd., founded in 1986 and best known for its accounting software that has become the trusted choice for millions of SMEs in India.
This blog explains how TallyEdge AA works, the range of services it offers, and the benefits it brings to both SMEs and financial institutions.
Overview of TallyEdge Account Aggregator and its Services
| Aspect | TallyEdge Account Aggregator Overview |
|---|---|
| Parent Organization | Operated by Tally Account Aggregator Services Pvt. Ltd., backed by Tally Solutions Pvt. Ltd., a pioneer in SME accounting software since 1986. |
| Incorporation & License | Incorporated in 2021; received its NBFC-AA license from RBI in May 2023. |
| Core Services | Secure, consent-based financial data sharing across banks, NBFCs, fintechs, and other financial institutions under the RBI’s AA framework. |
| Target Users | SMEs, banks, NBFCs, fintechs, insurers, and investment platforms seeking efficient and compliant data sharing. |
| Differentiator | Backed by Tally Solutions’ decades-long trust among SMEs; uniquely positioned to bridge accounting expertise with the AA ecosystem. |
| Use Cases | Loan processing, SME income verification, cash-flow based lending, personal finance management, and faster onboarding with financial institutions. |
| Market Position | An emerging AA player leveraging Tally’s massive SME user base, with strong credibility and potential to drive adoption in the MSME segment. |
What is Account Aggregator?
An Account Aggregator is a framework introduced by the Reserve Bank of India (RBI). It allows users to share their financial data digitally and securely, with consent. Instead of uploading documents or statements, users can grant access through a simple and secure process. If you want to learn more Account Aggregator we have made a comprehensive guide.
Services Offered by TallyEdge Account Aggregator
For Financial Information Providers (FIPs)
- Account Aggregator Services: Enables secure, consent-based sharing of financial data with institutions under RBI’s AA framework.
- Consent Management Dashboard: Offers easy-to-use tools for monitoring, approving, or revoking data-sharing requests, ensuring transparency and control for users.
For Financial Information Users (FIUs)
- SME-Focused Credit Support: Gives lenders access to verified SME data such as bank transactions and GST records, helping small businesses qualify for working capital loans and credit lines.
- Integration with Tally Software: Leverages Tally’s widespread adoption to let businesses link their accounting books directly with financial institutions for faster credit assessments.
By combining regulated AA services with deep SME expertise, TallyEdge positions itself as more than just a utility, serving as a tailored enabler of digital credit access for businesses.
What Is TallyEdge Account Aggregator?
TallyEdge Account Aggregator is a digital platform that allows users to share their financial information securely with their consent, under the RBI’s Account Aggregator framework.
TallyEdge AA helps individuals and businesses share bank and financial data digitally without storing or misusing it.
Key Features at a Glance
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RBI-regulated Account Aggregator
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Consent-based data sharing
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No storage of financial data
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End-to-end encrypted data flow
- Strong focus on MSMEs and business users
Who Operates TallyEdge Account Aggregator?
TallyEdge Account Aggregator is operated by Tally Solutions, one of India’s most trusted enterprise software companies, widely used by businesses for accounting, GST, and compliance.
This strong background makes TallyEdge AA especially reliable for:
- Small businesses
- MSMEs
- Chartered accountants
- Lenders dealing with business finance
How TallyEdge Account Aggregator Works (Step-by-Step)
The working of TallyEdge AA is fully digital and user-controlled.
Step-by-Step Process
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A user applies for a loan or financial product
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The lender requests financial data via TallyEdge AA
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A consent screen appears showing:
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Type of data requested
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Purpose of data usage
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Duration of access
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User selects accounts and approves consent via OTP
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TallyEdge AA fetches data securely from banks (FIPs)
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Data is shared with the requesting entity (FIUs)
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User can revoke consent anytime
Use Cases of TallyEdge Account Aggregator
TallyEdge AA is especially useful for business lending and MSME finance, but its applications go beyond that.
Major Use Cases
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Business loan approvals
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MSME and SME credit assessment
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Working capital and overdraft evaluation
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Income and cash flow verification
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Credit card and trade finance onboarding
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Financial analysis for lenders and fintechs
Benefits of Using TallyEdge Account Aggregator
1. Direct Relevance to SMEs
The biggest advantage of TallyEdge is its alignment with SMEs that already use Tally software. Since these businesses manage accounts and compliance on Tally, linking that data securely with financial institutions feels like a natural extension. This reduces duplication of effort and makes financial services more accessible in daily operations.
2. Faster Access to Credit
By combining business records, GST data, and bank information in a structured way, TallyEdge enables lenders to evaluate applicants more efficiently. This is especially useful for small businesses that often face delays or rejections due to limited paperwork or informal records.
3. Benefits for the SME Ecosystem
TallyEdge supports both sides of the ecosystem. Lenders receive verified financial information in a standardized format, while SMEs improve their chances of securing timely working capital and other credit. Backed by the trusted Tally brand, it holds a strong position in driving adoption among businesses.
Why TallyEdge AA Is Important for MSMEs
MSMEs often face difficulty accessing credit due to lack of formal documentation.
TallyEdge AA solves this by:
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Providing real-time bank transaction data
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Enabling accurate cash-flow-based lending
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Reducing dependency on physical paperwork
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Helping lenders assess true repayment capacity
TallyEdge AA enables data-driven MSME lending in India.
Is TallyEdge Account Aggregator Safe?
Yes. TallyEdge AA follows strict RBI security and privacy guidelines.
Security Highlights
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End-to-end data encryption
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Zero data storage policy
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Consent-based access only
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User-controlled consent revocation
TallyEdge Account Aggregator vs Other Account Aggregators
| Factor | TallyEdge | Digi AA | CRIF Connect | Finvu |
|---|---|---|---|---|
| Network Coverage | Part of Accounting Software giant Tally, they have 21 FIPs with them | Part of Digio, headquartered in Bengaluru they have 12 FIPs live with them | Part of CRIF, headquartered in Pune they have 31 FIPs live with them | Backed by VCs, headquartered in Pune they have 61 FIPs live with them |
| Data Handling | Bridges accounting data with consent-driven financial data flows. | Specializes in consent workflows and smooth integration for fintechs. | Combining their Credit rating data with this gives NBFC more power for risk Assessment | offers unique AA IDs to customers to simplify customer journey end-to-end |
| Role & Flexibility | Focused on SMEs, with their accounting solution | Highly flexible for fintech integrations, especially in onboarding flows. | Using the AA framework with its in-house TSP gives many roles to choice from | Acts as an AA catering to fintechs and institutions, also have a in-house TSP |
| Differentiators | Deep SME reach via Tally software ecosystem. moderate FIP coverage | Has verticals in many fields for better integration but low FIP count of 12 | Unique in combining credit bureau expertise with AA data flows for detailed lending insights. | Early VC support & really large number FIPs onboarded 61 |
Future Roadmap of TallyEdge Account Aggregator
1. Short Term
- Reaching More SMEs: Running awareness sessions to help small businesses understand how TallyEdge simplifies access to loans.
- Closer Link with Tally Software: Connecting TallyEdge directly with core Tally features like accounting, GST, and invoicing for effortless data sharing with banks.
2. Mid Term
- Growing with Tally’s User Base: Leveraging Tally’s millions of SME users to expand adoption and make financial services available to more businesses.
- Stronger Connections with Banks and Institutions: Partnering with banks, NBFCs, insurers, and other players to provide SMEs with more ways to benefit from their financial data.
3. Long Term
- Going Beyond Loans: Expanding services to include reconciliation, tax filing, and broader financial management.
- Smarter Technology: Using AI and automation to digitize invoices, reduce manual effort, and save businesses time.
Who Should Use TallyEdge Account Aggregator?
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MSMEs and small businesses
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Business loan applicants
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Banks and NBFCs offering MSME credit
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Fintech platforms focused on business finance
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Chartered accountants and financial advisors
FAQs on TallyEdge Account aggregator
1. What is TallyEdge Account Aggregator?
Ans: TallyEdge is an RBI-licensed Account Aggregator operated by Tally Account Aggregator Services Pvt. Ltd. It helps businesses securely share their financial data with banks and lenders, mainly to simplify access to credit.
2. Who owns TallyEdge?
Ans: TallyEdge is promoted by Tally Solutions Pvt. Ltd., the company behind the famous Tally accounting software used by millions of SMEs across India.
3. When did TallyEdge get its license?
Ans: TallyEdge was incorporated in 2021 and received its NBFC-AA license from the Reserve Bank of India in May 2023.
4. Who can use TallyEdge?
Ans: While anyone can technically use it, TallyEdge is built mainly for small and medium businesses, especially those already using Tally software for accounting and GST compliance.
5. How does TallyEdge help SMEs?
Ans: It allows SMEs to share bank and GST data securely with lenders, cutting down paperwork and speeding up loan approvals.
6. Does TallyEdge store my financial data?
Ans: No. TallyEdge does not store your financial data. It only acts as a secure channel to transfer data between you and the financial institution you give consent to.
7. What makes TallyEdge different from other Account Aggregators?
Ans: Unlike other AAs that focus on individuals or general use cases, TallyEdge is built specifically for SMEs and directly integrates with the Tally ecosystem.
8. Will TallyEdge help me get a loan faster?
Ans: Yes. By securely sharing verified financial data like bank transactions and GST records, lenders can make quicker decisions on your loan applications.
Conclusion
TallyEdge has entered the Account Aggregator space with a very specific focus: supporting small and medium businesses by extending the trusted Tally ecosystem into secure, consent-based financial data sharing. Unlike many other AAs that cater to individuals or broad financial use cases, TallyEdge is positioned as a natural fit for enterprises that already manage their accounts, GST, and compliance on Tally software.
By helping SMEs share verified financial data quickly, TallyEdge can reduce paperwork, speed up loan approvals, and open new doors to formal credit. With its roadmap aimed at wider adoption, deeper integration with Tally, and smarter technology, TallyEdge is well placed to play a leading role in transforming how Indian businesses access finance in the years ahead.
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