ID sharing platform Equal invests in account aggregator platform OneMoney

GVK Group promoter Keshav Reddy-founded ID-sharing platform Equal has made a strategic investment in Hyderabad-based account aggregator platform OneMoney . OneMoney and Equal are expected to now jointly enable over 55 million monthly transactions and a 97% success rate in KYC processing for more than 250 BFSI (banking, financial services and insurance) clients nationally.OneMoney claims to be India's first and largest account aggregator licensed by the Reserve Bank of India (RBI).