“Can India's dominant SMB accounting software become the embedded finance layer between 2.7M Indian businesses and their banks, lenders, and payment rails?”
Founded 1986 by the Goenka family in Bangalore, Tally became the dominant SMB accounting/ERP software in India, reaching ~2.5-2.7M businesses across 140 countries. For decades a pure on-premise licensed software company, Tally has recently pivoted toward embedded finance — layering Connected Banking (direct bank integrations for e-payments, statements, reconciliation), TallyCapital (loan marketplace for SMBs), and Tally Bharat Connect for Business (BBPS-style B2B payments via Navmaya Tech Services subsidiary) on top of the core ledger. The strategy is to monetize its installed base by becoming the transactional layer between Indian SMBs and their banks, lenders, and payment aggregators.
Tally Solutions processes payments through PayU, Razorpay and RazorpayX.
The Embedded Finance Index 2026 maps 2 layers in Tally Solutions's stack: Payments / PSP (PayU, Razorpay and RazorpayX); Lending (TallyCapital (loan marketplace embedded in TallyPrime — term loans up to ₹15 Cr, LAP, CGTSME, professional loans) and TallyCapital Add-on (digital loan application flow inside TallyPrime with KYC/KYB extraction from Tally books)).
Tally Solutions was founded by Bharat Goenka and Shyam Sunder Goenka and is founded in 1986, headquartered in Bangalore, Karnataka, India.
Tally Solutions has raised Bootstrapped in total.
Get a read on where your own stack stands against Tally Solutions and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.