NXTLVL TECH SOLUTIONS PRIVATE LIMITED

NXTLVL Tech Solutions Private Limited, operating under the brand Riko AI, has carved a niche in India's SME financial management sector with its conversational AI assistant for Tally accounting software.

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AI-powered conversational assistant that answers financial questions and automates accounting tasks for Tally users

NXTLVL Tech Solutions Private Limited, operating under the brand Riko AI, has carved a niche in India's SME financial management sector with its conversational AI assistant for Tally accounting software. Founded by a team of fintech and AI veterans, the company addresses a critical pain point for India's 60 million SMEs who rely on Tally but lack real-time financial visibility. Riko's natural language interface allows business owners to query financial data in Hindi, English, or regional languages via WhatsApp, automating tasks like GST reporting and payment tracking.

With 500+ paying customers as of mid-2026, the company has demonstrated 32% month-over-month revenue growth in its public dashboards, though actual financials remain undisclosed. What makes Riko noteworthy is its focus on vernacular language support and WhatsApp integration - critical for India's mobile-first SME owners who often lack accounting expertise. The product requires no credit card for trial and claims 5-minute setup times by connecting directly to Tally Prime instances. While still early-stage, Riko's traction suggests strong product-market fit in a segment traditionally underserved by fintech innovation.

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Who buys this

  • Indian SMEs using Tally accounting software
  • Business owners with limited accounting staff
  • Regional language speakers preferring vernacular interfaces
  • Mobile-first operators relying on WhatsApp for business communication
  • GST-registered businesses needing compliance automation

Strengths and what to watch

Strengths

  • Vernacular language support (8 Indian languages) lowers adoption barrier
  • WhatsApp integration aligns with dominant SME communication channels
  • Direct Tally Prime integration requires no data migration or IT setup

Watch for

  • Dependence on Tally's ecosystem makes growth contingent on Tally's market position
  • Unclear monetization beyond basic subscription - no public pricing tiers
  • Limited evidence of enterprise-scale deployments beyond 500 SMBs

Key Information

Frequently Asked Questions

What is Riko AI and what does it do?

Riko AI is an AI-powered conversational assistant developed by NXTLVL Tech Solutions Private Limited. It helps SMEs using Tally accounting software by answering financial questions and automating tasks like GST reporting and payment tracking via WhatsApp in multiple Indian languages.

Who is Riko AI designed for?

Riko AI targets Indian SMEs using Tally accounting software, especially business owners with limited accounting staff. It caters to regional language speakers and mobile-first operators who rely on WhatsApp for business communication and need GST compliance automation.

How does Riko AI integrate with Tally accounting software?

Riko AI integrates directly with Tally Prime instances, requiring no data migration or complex IT setup. This seamless connection allows users to query financial data and automate tasks like GST reporting through a natural language interface on WhatsApp.

What languages does Riko AI support?

Riko AI supports eight Indian languages, including Hindi and English, making it accessible to a wide range of regional language speakers. This vernacular language support lowers the adoption barrier for SMEs with limited accounting expertise.

What are the strengths of Riko AI?

Riko AI’s strengths include vernacular language support, WhatsApp integration for seamless communication, and direct Tally Prime integration without data migration. These features align with the needs of India’s mobile-first SME owners and simplify financial management.

What challenges does Riko AI face?

Riko AI’s growth depends heavily on Tally’s ecosystem, and its monetization strategy beyond basic subscriptions remains unclear. Additionally, the company has limited evidence of enterprise-scale deployments, with its customer base primarily consisting of 500+ SMBs as of mid-2026.

Sources

  1. rikoai.in — Product features, customer count, and positioning
  2. tracxn.com — Legal entity structure and registration