Top 50 FinTech Companies in India

Published in FintechAsia on 15th August, 2017

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

Top 50 FinTech Companies in India

CompanyWebsiteFundingSubcategoryFounder/s / MDs
Paytm Payments Bank
(Paytm Wallet; One97 Communications)
paytm.com2.77 billionPaymentsVijay Shekhar Sharma
ItzCash Carditzcash.com/174 millionPaymentsNaveen Surya
MobiKwikmobikwik.com161.8 millionPaymentsBipin Preet Singh; Upasana Taku
Financial Software & Systemswww.fsstech.com/99.5 millionPaymentsNagaraj V. Mylandla; J. Rudhraapathy (Full-time Director)
BankBazaarbankbazaar.com79 millionPersonal Finance ManagementAdhil Shetty (CEO); Arjun Shetty (COO);
Rati Shetty (Chief Product Officer)
InCredincred.com75 millionLendingBhupinder Singh
PolicyBazaarwww.policybazaar.com69.78 millionInsuranceYashish Dahiya; Alok Bansal; Avaneesh Nirjar
Ezetap Mobile Solutionshttps://corp.ezetap.com/66 millionPaymentsShripati Acharya; Sanjay Swamy; Abhijit Bose;
Bala Parthasarathy; Bhaktha Keshavachar
Lendingkarthttps://www.lendingkart.com/64.4 millionLendingHarshvardhan Lunia; Mukul Sachan
Fino Payments Bank (Fino PayTech)http://www.finopaytech.com/59.3 millionPaymentsRishi Gupta
Mswipe Technologieswww.mswipe.com56 millionPaymentsManish Patel
Capital Floatwww.capitalfloat.com45.8 millionLendingSashank Rishyasringa; Gaurav Hinduja
Electronic Payments and Serviceselectronicpay.in40 millionPaymentsMani Mamallan
NeoGrowth Credithttps://www.neogrowth.in36.7 millionLendingDhruv Khaitan; Piyush Khaitan
CCAvenuehttps://www.ccavenue.com/31.3 millionPaymentsVishwas Patel
Coverfoxhttps://www.coverfox.com/29 millionInsuranceVarun Dua; Devendra Rane
ClearTaxcleartax.in15.42 millionPersonal Finance ManagementArchit Gupta; Srivatsan Chari; Ankit Solanki
FundsIndiawww.fundsindia.com15.24 millionPersonal Finance ManagementCR Chandrasekar; Srikanth Meenakshi
Flexiloanshttps://flexiloans.com/15 millionLendingDeepak Jain; Abhishek Kothari; Ritesh Jain; Manish Lunia
MoneyTaphttps://www.moneytap.com/12.3 millionLendingKunal Varma; Anuj Kacker; Bala Parthasarathy
Razorpay Softwarerazorpay.com11.5 millionPaymentsShashank Kumar; Harshil Mathur
CreditMantriwww.creditmantri.com10.21 millionLendingSudarshan R; Gowri Mukherjee; Ranjit Punja
MoneyViewhttp://www.moneyview.in10.1 millionPersonal Finance ManagementSanjay Aggarwal
Indifi Technologieswww.indifi.com/10 millionLendingSundeep Sahi; Alok Mittal; Siddharth Mahanot
ZestMoneyzestmoney.in8.5 millionLendingElizabeth Chapman; Priya Sharma; Ashish Anantharaman
Chillrchillr.com7 millionPaymentsSony Joy; Anoop Sankar; Mohamed Galib; Lishoy Bhaskaran
LoanTaploantap.in7 millionLendingSatyam Kumar; Vikas Kumar
ChargeBee Technologieshttps://www.chargebee.com/6.2 millionPaymentsKP Saravanan; Thiyagarajan T; Rajaraman Santhanam;
Krish Subramanian
Rubiquewww.rubique.com6 millionLendingManavjeet Singh
Juspayhttps://juspay.in/5.8 millionPaymentsVimal Kumar; Ramanathan RV
Faircentfaircent.com5.75 millionLendingVinay Mathews; Rajat Gandhi; Nitin Gupta
Early Salaryearlysalary.com5.5 millionLendingAkshay Mehrotra
IndiaLendsindialends.com5 millionLendingGaurav Chopra; Mayank Kachhwaha
Upstoxupstox.com4 millionOnline Trading PlatformRavi Kumar; Raghu Kumar; Shrini Viswanath
AirPay Payment Servicesairpay.co.in3.6 millionPaymentsKunal Jhunjhunwala; Amit Kapoor; Rohan Deshpande
Active.aiactive.ai3.5 millionAIShankar Narayanan; Parikshit Paspulati; Ravi Shankar
Instamojoinstamojo.com3.1 millionPaymentsSampad Swain; Akash Gehani; Harshad Sharma
SecureNow TechServiceshttps://securenow.in/3 millionInsuranceAbhishek Bondia; Kapil Mehta
RedCarpetwww.redcarpetup.com2.6 millionLendingSandeep Srinivasa; Kartik Venkataraman
Scripbox.Com Indiawww.scripbox.com2.5 million (disclosed)Personal Finance ManagementSanjiv Singhal; Ashok Kumar E R
Paynearpaynear.in2.5 millionPaymentsAnil Bharadwaj; Priti Shah
TruPayhttp://trupay.in/2.3 millionPaymentsRahul Gochhwal; Narender Kumar
Loan Frame Technologieshttps://www.loanframe.com2.25 millionLendingShailesh Jacob
Easypolicyeasypolicy.com2.2 million (disclosed)InsuranceAlok Bhatnagar; Neeraj Aggarwala; Divyanshu Tripathi
CreditVidyacreditvidya.com2 millionLendingAbhishek Agarwal; Rajiv Raj
ePaylaterepaylater.in2 millionLendingAurko Bhattacharya; Uday Somayajula; Akshat Saxena;
Shanmu Thiagaraja; Prasannaa Muralidharan
UnoCoinUnocoin.com1.75 millionCryptocurrencySathvik Vishwanath; Abhinand Kaseti; Sunny Ray; Harish B V
Fisdomwww.fisdom.com1.6 millionPersonal Finance Management
Subramanya SV (Subu); Ramganesh Iyer (Ramg); Anand Dalmia
RenewBuywww.renewbuy.com1.5 millionInsuranceIndraneel Chatterjee; Balachander Sekhar; Sandeep Nanda
Zebpaywww.zebpay.com1.13 millionCryptocurrencySandeep Goenka; Saurabh Agrawal; Mahin Gupta
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