About Augmen

Turning underserved lending
into bank-ready credit

Augmen (Paaw Innovations Pvt Ltd) builds self-hosted AI agents that bridge the gap between India's underserved borrowers and the formal financial system.

Our Mission

100% financial inclusion. Every micro-entrepreneur in India should be able to access formal credit in their own language, without depending on an intermediary who may not have their best interests in mind.

Our Approach

We don't replace banks. We make their existing systems work for every borrower. Augmen sits over existing CBS and LOS systems, handling the conversation layer in 22 Indian languages and feeding banks clean, validated, English-language applications.

Market Opportunity

India's credit gap is enormous

$90B

Total Addressable Market

$25B

Serviceable Available Market

$1.25B

Serviceable Obtainable Market

Values

What drives us

Privacy First

Self-hosted models. Your data stays within your walls. No exceptions.

Speed to Impact

Not building for research papers. Building for production deployments that change lives today.

Inclusion by Design

Every product decision starts with the question: does this work for a first-time borrower in rural Jharkhand?

Journey

Our story so far

2023

Founded at IIT Bombay

Incubated at SINE IIT Bombay. Initial research on conversational AI for Indian languages.

2023

TIDES IIT Roorkee

Selected for TIDES incubation. Built first STT and TTS prototypes across 5 languages.

2024

Oslo Innovation Week

Presented at Oslo Innovation Week. Recognized among top global FinTech innovators.

2024

PM Innovation Award

Received the Prime Minister's National Innovation Award for financial inclusion technology.

2024

Jharkhand Deployment

Live deployment with Government of Jharkhand for Mudra Loan origination. 10,000+ applicants served.

2025

Scaling Up

Expanding to NBFCs, SFBs, and MFIs. Six standalone products. Ready for national scale.