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Vikram K. Akula

Vikram Akula is at the forefront of creating market-based solutions for financial inclusion. Before becoming Chairperson of Vaya Finserv Private Limited, Vikram began working in rural development as a grassroots social worker in India. Prior to his position, Vikram founded Bharat Financial Inclusion and worked at McKinsey & Company and the Worldwatch Institute. Vikram was named TIME magazine one of the 100 most influential people in the world, Ernst & Young Entrepreneur of the Year and is a recognized Echoing Green Fellow. Vikram published several books including “Micro-Meltdown: The Inside Story of the Rise, Fall, and Resurgence of the World's Most Valuable Microlender" and "A Fistful of Rice: My Unexpected Quest to End Poverty Through Profitability." He is a graduate of Tufts University, Yale University and University of Chicago.

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Vaya Financial Services
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For-profit Social Enterprise
Banking and Capital Markets; Blended Finance
Areas of Impact
South Asia, India

Vaya Financial Services

Vaya uses tablet-banking and biometric technology to deliver loans on behalf of banks to low-income people in India. Founded in 2014, Vaya was India's first banking business correspondent to have 100% electronic identity verification using the government of India's unique identification card and the first to have 100% cashless disbursements. Vaya serves 450,000 members across six Indian states and manages a loan portfolio of $110 million. Vaya represents microfinance 2.0 in the sense that Vaya blends the agility of a start-up with the deep experience of a seasoned leadership team, many of whom were early staff of SKS Microfinance.