Hyderabad-based Equal joins elite World Economic Forum list alongside Google, Spotify

Hyderabad-based Equal has been named a 2025 Technology Pioneer by the World Economic Forum. Recognised for its secure data-sharing platform, the company joins a global list of innovators including Google and Spotify, highlighting India’s growing influence in tech innovation

Hyderabad: Equal, one of the country’s leading secure data sharing platforms, was chosen by the World Economic Forum (WEF) for inclusion in its 2025 list of ‘Technology Pioneers’, a global cohort of 100 companies driving transformation across industries.

The company founded by Keshav Reddy and Rajeev Ranjan in 2022 is one of the 100 companies worldwide and 10 from India selected by WEF. With this selectin, Equal joined the elite league of past WEF Pioneer alumni, including Google, Spotify and Airbnb, a company press release said on Wednesday.

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The company provides infrastructure for KYC, fraud prevention, and financial data sharing across sectors like lending, insurance, and employment. Equal holds a strategic stake in OneMoney, India’s largest RBI-licensed Account Aggregator.

Equal processed over 101 million transactions in March 2025 and is currently operating at an annual run rate of over 1 billion transactions, up from 75,000 in FY2024. It serves 250+ clients including some of India’s largest financial institutions, connects with 50+ ID repositories, and operates with a 97% KYC success rate.

“We are honoured to be recognised by the World Economic Forum,” said Keshav Reddy, Founder, Equal. “This acknowledgment reinforces our belief that consent-based, secure data sharing is foundational to India’s digital future. Over the last year, we’ve seen how access to verified data can meaningfully transform lives, from helping a gig worker get credit for the first time to enabling faster health insurance claims for families in need. As we look ahead, we’re focused on building robust, AI-led infrastructure that makes personal data truly work for every Indian, responsibly, transparently, and at scale.”

India has made a strong showing this year, with 10 startups making it to the WEF list, a testament to the country’s growing influence in the global innovation landscape. Apart from Equal, other Indian startups featured in the 2025 cohort include Agnikul Cosmos, CynLr, Dezy, Digantara, Exponent Energy, Freight Tiger, GalaxEye, SolarSquare, and The ePlane Co.

As a WEF Technology Pioneer, Equal and its peers will contribute to global discussions on digital trust, data privacy, and financial inclusion. The company has been invited to the WEF’s Annual Meeting of the New Champions in Tianjin, China.