Top 50 FinTech Companies in India

Top Fintech companies India Fintech Asia




India is currently one of the most active FinTech markets in the world. It has drawn the maximum investments in the sector, along with China. Two important missions led by the Government of India, one of Financial Inclusion and the other of a Digital India, are driving innovation. Though it maybe a challenge to turn India into a completely cashless economy, given it’s sheer size of population and scattered geography, digital payments has grown quickly – thanks to the rapid growth in smartphone and e-commerce penetration. A country where cash had usually been the go to mode of transactions, a digital world of financial services have found a place to thrive.

Earlier this year we had shared our list of Top 11 FinTech Startups in India. We decided to include more companies to this list to introduce them to fintech stakeholders in Asia and elsewhere. Fintech Asia has also spoken to several Indian companies in detail – to understand more about the business, vision of the team, and their perspective of the ecosystem they operate in – as part of the Fintech India series.

 

P.S. If you would like to recommend any companies or suggest corrections to the list, please write us an email on info@fintechasia.net. 🙂

 

Top 50 FinTech Companies in India

Company Website Funding Subcategory Founder/s / MDs
Paytm Payments Bank
(Paytm Wallet; One97 Communications)
paytm.com 2.77 billion Payments Vijay Shekhar Sharma
ItzCash Card itzcash.com/ 174 million Payments Naveen Surya
MobiKwik mobikwik.com 161.8 million Payments Bipin Preet Singh; Upasana Taku
Financial Software & Systems www.fsstech.com/ 99.5 million Payments Nagaraj V. Mylandla; J. Rudhraapathy (Full-time Director)
Capital Float www.capitalfloat.com 88.5 million Lending Sashank Rishyasringa; Gaurav Hinduja
BankBazaar bankbazaar.com 79 million Personal Finance Management Adhil Shetty (CEO); Arjun Shetty (COO);
Rati Shetty (Chief Product Officer)
InCred incred.com 75 million Lending Bhupinder Singh
PolicyBazaar www.policybazaar.com 69.78 million Insurance Yashish Dahiya; Alok Bansal; Avaneesh Nirjar
Lendingkart https://www.lendingkart.com/ 64.4 million Lending Harshvardhan Lunia; Mukul Sachan
Fino Payments Bank (Fino PayTech) http://www.finopaytech.com/ 59.3 million Payments Rishi Gupta
Mswipe Technologies www.mswipe.com 56 million Payments Manish Patel
Ezetap Mobile Solutions https://corp.ezetap.com/ 51 million Payments Abhijit Bose; Bhaktha Keshavachar
Electronic Payments and Services electronicpay.in 40 million Payments Mani Mamallan
NeoGrowth Credit https://www.neogrowth.in 36.7 million Lending Dhruv Khaitan; Piyush Khaitan
CCAvenue https://www.ccavenue.com/ 31.3 million Payments Vishwas Patel
Coverfox https://www.coverfox.com/ 29 million Insurance Varun Dua; Devendra Rane
ClearTax cleartax.in 15.42 million Personal Finance Management Archit Gupta; Srivatsan Chari; Ankit Solanki
FundsIndia www.fundsindia.com 15.24 million Personal Finance Management CR Chandrasekar; Srikanth Meenakshi
Flexiloans https://flexiloans.com/ 15 million Lending Deepak Jain; Abhishek Kothari; Ritesh Jain; Manish Lunia
MoneyTap https://www.moneytap.com/ 12.3 million Lending Kunal Varma; Anuj Kacker; Bala Parthasarathy
Razorpay Software razorpay.com 11.5 million Payments Shashank Kumar; Harshil Mathur
CreditMantri www.creditmantri.com 10.21 million Lending Sudarshan R; Gowri Mukherjee; Ranjit Punja
MoneyView http://www.moneyview.in 10.1 million Personal Finance Management Sanjay Aggarwal
Indifi Technologies www.indifi.com/ 10 million Lending Sundeep Sahi; Alok Mittal; Siddharth Mahanot
ZestMoney zestmoney.in 8.5 million Lending Elizabeth Chapman; Priya Sharma; Ashish Anantharaman
Chillr chillr.com 7 million Payments Sony Joy; Anoop Sankar; Mohamed Galib; Lishoy Bhaskaran
LoanTap loantap.in 7 million Lending Satyam Kumar; Vikas Kumar
ChargeBee Technologies https://www.chargebee.com/ 6.2 million Payments KP Saravanan; Thiyagarajan T; Rajaraman Santhanam;
Krish Subramanian
Rubique www.rubique.com 6 million Lending Manavjeet Singh
Juspay https://juspay.in/ 5.8 million Payments Vimal Kumar; Ramanathan RV
Faircent faircent.com 5.75 million Lending Vinay Mathews; Rajat Gandhi; Nitin Gupta
Early Salary earlysalary.com 5.5 million Lending Akshay Mehrotra
IndiaLends indialends.com 5 million Lending Gaurav Chopra; Mayank Kachhwaha
Upstox upstox.com 4 million Online Trading Platform Ravi Kumar; Raghu Kumar; Shrini Viswanath
AirPay Payment Services airpay.co.in 3.6 million Payments Kunal Jhunjhunwala; Amit Kapoor; Rohan Deshpande
Active.ai active.ai 3.5 million AI Shankar Narayanan; Parikshit Paspulati; Ravi Shankar
Instamojo instamojo.com 3.1 million Payments Sampad Swain; Akash Gehani; Harshad Sharma
SecureNow TechServices https://securenow.in/ 3 million Insurance Abhishek Bondia; Kapil Mehta
RedCarpet www.redcarpetup.com 2.6 million Lending Sandeep Srinivasa; Kartik Venkataraman
Scripbox.Com India www.scripbox.com 2.5 million (disclosed) Personal Finance Management Sanjiv Singhal; Ashok Kumar E R
Paynear paynear.in 2.5 million Payments Anil Bharadwaj; Priti Shah
TruPay http://trupay.in/ 2.3 million Payments Rahul Gochhwal; Narender Kumar
Loan Frame Technologies https://www.loanframe.com 2.25 million Lending Shailesh Jacob
Easypolicy easypolicy.com 2.2 million (disclosed) Insurance Alok Bhatnagar; Neeraj Aggarwala; Divyanshu Tripathi
CreditVidya creditvidya.com 2 million Lending Abhishek Agarwal; Rajiv Raj
ePaylater epaylater.in 2 million Lending Aurko Bhattacharya; Uday Somayajula; Akshat Saxena;
Shanmu Thiagaraja; Prasannaa Muralidharan
UnoCoin Unocoin.com 1.75 million Cryptocurrency Sathvik Vishwanath; Abhinand Kaseti; Sunny Ray; Harish B V
Fisdom www.fisdom.com 1.6 million Personal Finance Management
Subramanya SV (Subu); Ramganesh Iyer (Ramg); Anand Dalmia
RenewBuy www.renewbuy.com 1.5 million Insurance Indraneel Chatterjee; Balachander Sekhar; Sandeep Nanda
Zebpay www.zebpay.com 1.13 million Cryptocurrency Sandeep Goenka; Saurabh Agrawal; Mahin Gupta

 

Editor’s note: The funding/investment data was collected from various sources such as Crunchbase, CBInsights, news reports, etc. Not all rounds have been disclosed by companies.

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3 Comments

  1. No. 2 should be india ideas ( bill desk) which raised USD 200 million from general Atlantic at a 750 million dollar valuation.

    No. 3 should be Avenues India (CCAvenue ) which got merged/ acquired by infibeam for Rs 2000 crores (USD 300 million).

  2. Hi, you left out one fastest growing fintech who also have its own NBFC License, that is KNAB Finance Based out at Bangalore and lending only to MSME entity in tier1 to 3 cities.

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