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India is currently one of the most active FinTech markets in the world. As a result, 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. Thus, such initiatives have facilitated many start-ups to grow and become India’s top FinTech companies.

Although turning India into a completely cashless economy may be a challenge due to its large population and scattered geography, digital payments have grown quickly. This growth is attributed to the rapid increase in smartphone and e-commerce penetration. In a country where cash had traditionally been the primary mode of transactions, a digital world of financial services has found a place to flourish. So, here let’s discuss India’s top FinTech companies.

Consequently, earlier this year we shared our list of Top 11 FinTech Startups in India. We decided to include more companies on this list to introduce them to fintech stakeholders in Asia and elsewhere. Furthermore, Fintech Asia has spoken to several Indian companies in detail. They aim to understand more about the business, the team’s vision, and their perspective of the operating ecosystem as part of the Fintech India series.

Top 50 FinTech Companies in India

Top 18 Fintech Companies in India – Subcategory- Lending

CompanyWebsiteFundingSubcategoryFounder/s / MDs
InCredincred.com75 millionLendingBhupinder Singh
Lendingkarthttps://www.lendingkart.com/64.4 millionLendingHarshvardhan Lunia; Mukul Sachan
Capital Floatwww.capitalfloat.com45.8 millionLendingSashank Rishyasringa; Gaurav Hinduja
NeoGrowth Credithttps://www.neogrowth.in36.7 millionLendingDhruv Khaitan; Piyush Khaitan
Flexiloanshttps://flexiloans.com/15 millionLendingDeepak Jain; Abhishek Kothari; Ritesh Jain; Manish Lunia
MoneyTaphttps://www.moneytap.com/12.3 millionLendingKunal Varma; Anuj Kacker; Bala Parthasarathy
CreditMantriwww.creditmantri.com10.21 millionLendingSudarshan R; Gowri Mukherjee; Ranjit Punja
Indifi Technologieswww.indifi.com/10 millionLendingSundeep Sahi; Alok Mittal; Siddharth Mahanot
ZestMoneyzestmoney.in8.5 millionLendingElizabeth Chapman; Priya Sharma; Ashish Anantharaman
LoanTaploantap.in7 millionLendingSatyam Kumar; Vikas Kumar
Rubiquewww.rubique.com6 millionLendingManavjeet Singh
Faircentfaircent.com5.75 millionLendingVinay Mathews; Rajat Gandhi; Nitin Gupta
Early Salaryearlysalary.com5.5 millionLendingAkshay Mehrotra
IndiaLendsindialends.com5 millionLendingGaurav Chopra; Mayank Kachhwaha
RedCarpetwww.redcarpetup.com2.6 millionLendingSandeep Srinivasa; Kartik Venkataraman
Loan Frame Technologieshttps://www.loanframe.com2.25 millionLendingShailesh Jacob
CreditVidyacreditvidya.com2 millionLendingAbhishek Agarwal; Rajiv Raj
ePaylaterepaylater.in2 millionLendingAurko Bhattacharya; Uday Somayajula; Akshat Saxena;

Top 17 Fintech Companies in India – Subcategory- Payments

CompanyWebsiteFundingSubcategoryFounder/s / MDs
(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)
Ezetap Mobile Solutionshttps://corp.ezetap.com/66 millionPaymentsShripati Acharya; Sanjay Swamy; Abhijit Bose;
Fino Payments Bank (Fino PayTech)http://www.finopaytech.com/59.3 millionPaymentsRishi Gupta
Mswipe Technologieswww.mswipe.com56 millionPaymentsManish Patel
Electronic Payments and Serviceselectronicpay.in40 millionPaymentsMani Mamallan
CCAvenuehttps://www.ccavenue.com/31.3 millionPaymentsVishwas Patel
Razorpay Softwarerazorpay.com11.5 millionPaymentsShashank Kumar; Harshil Mathur
Chillrchillr.com7 millionPaymentsSony Joy; Anoop Sankar; Mohamed Galib; Lishoy Bhaskaran
ChargeBee Technologieshttps://www.chargebee.com/6.2 millionPaymentsKP Saravanan; Thiyagarajan T; Rajaraman Santhanam;
Juspayhttps://juspay.in/5.8 millionPaymentsVimal Kumar; Ramanathan RV
AirPay Payment Servicesairpay.co.in3.6 millionPaymentsKunal Jhunjhunwala; Amit Kapoor; Rohan Deshpande
Instamojoinstamojo.com3.1 millionPaymentsSampad Swain; Akash Gehani; Harshad Sharma
Paynearpaynear.in2.5 millionPaymentsAnil Bharadwaj; Priti Shah
TruPayhttp://trupay.in/2.3 millionPaymentsRahul Gochhwal; Narender Kumar

Top 12 Fintech Companies in India – Subcategory- Personal Finance Management

CompanyWebsiteFundingSubcategoryFounder/s / MDs
BankBazaarbankbazaar.com79 millionPersonal Finance ManagementAdhil Shetty (CEO); Arjun Shetty (COO);
ClearTaxcleartax.in15.42 millionPersonal Finance ManagementArchit Gupta; Srivatsan Chari; Ankit Solanki
FundsIndiawww.fundsindia.com15.24 millionPersonal Finance ManagementCR Chandrasekar; Srikanth Meenakshi
MoneyViewhttp://www.moneyview.in10.1 millionPersonal Finance ManagementSanjay Aggarwal
Scripbox.Com Indiawww.scripbox.com2.5 million (disclosed)Personal Finance ManagementSanjiv Singhal; Ashok Kumar E R
Fisdomwww.fisdom.com1.6 millionPersonal Finance ManagementAnand Dalmia
BankBazaarbankbazaar.com79 millionPersonal Finance ManagementAdhil Shetty (CEO); Arjun Shetty (COO);
ClearTaxcleartax.in15.42 millionPersonal Finance ManagementArchit Gupta; Srivatsan Chari; Ankit Solanki
FundsIndiawww.fundsindia.com15.24 millionPersonal Finance ManagementCR Chandrasekar; Srikanth Meenakshi
MoneyViewhttp://www.moneyview.in10.1 millionPersonal Finance ManagementSanjay Aggarwal
Scripbox.Com Indiawww.scripbox.com2.5 million (disclosed)Personal Finance ManagementSanjiv Singhal; Ashok Kumar E R
Fisdomwww.fisdom.com1.6 millionPersonal Finance ManagementAnand Dalmia

India’s top FinTech companies – Subcategory- Insurance, Cryptocurrency, Online Trading Platform & AI

CompanyWebsiteFundingSubcategoryFounder/s / MDs
Active.aiactive.ai3.5 millionAIShankar Narayanan; Parikshit Paspulati; Ravi Shankar
Active.aiactive.ai3.5 millionAIShankar Narayanan; Parikshit Paspulati; Ravi Shankar
UnoCoinUnocoin.com1.75 millionCryptocurrencySathvik Vishwanath; Abhinand Kaseti; Sunny Ray; Harish B V
Zebpaywww.zebpay.com1.13 millionCryptocurrencySandeep Goenka; Saurabh Agrawal; Mahin Gupta
UnoCoinUnocoin.com1.75 millionCryptocurrencySathvik Vishwanath; Abhinand Kaseti; Sunny Ray; Harish B V
Zebpaywww.zebpay.com1.13 millionCryptocurrencySandeep Goenka; Saurabh Agrawal; Mahin Gupta
PolicyBazaarwww.policybazaar.com69.78 millionInsuranceYashish Dahiya; Alok Bansal; Avaneesh Nirjar
SecureNow TechServiceshttps://securenow.in/3 millionInsuranceAbhishek Bondia; Kapil Mehta
Easypolicyeasypolicy.com2.2 million (disclosed)InsuranceAlok Bhatnagar; Neeraj Aggarwala; Divyanshu Tripathi
RenewBuywww.renewbuy.com1.5 millionInsuranceIndraneel Chatterjee; Balachander Sekhar; Sandeep Nanda
PolicyBazaarwww.policybazaar.com69.78 millionInsuranceYashish Dahiya; Alok Bansal; Avaneesh Nirjar
SecureNow TechServiceshttps://securenow.in/3 millionInsuranceAbhishek Bondia; Kapil Mehta
Easypolicyeasypolicy.com2.2 million (disclosed)InsuranceAlok Bhatnagar; Neeraj Aggarwala; Divyanshu Tripathi
RenewBuywww.renewbuy.com1.5 millionInsuranceIndraneel Chatterjee; Balachander Sekhar; Sandeep Nanda
Upstoxupstox.com4 millionOnline Trading PlatformRavi Kumar; Raghu Kumar; Shrini Viswanath
Upstoxupstox.com4 millionOnline Trading PlatformRavi Kumar; Raghu Kumar; Shrini Viswanath

 

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FAQs

1. What are fintech companies?

Fintech companies are companies that leverage technology to provide financial services, such as online banking, mobile payments, peer-to-peer lending, and robo-advisors. They aim to make financial services more efficient, accessible, and user-friendly.

2. How are fintech companies different from traditional banks?

Fintech companies often operate digitally and have a strong focus on innovation and customer experience. They are typically more agile and responsive to market trends compared to traditional banks. Fintech companies also tend to offer specialized services and products that cater to specific financial needs.

3. How are fintech companies different from traditional financial institutions?

Fintech companies differ from traditional financial institutions in that they typically operate solely online, have lower overhead costs, and are often more agile and customer-centric. They use technology to streamline processes, offer personalized services, and cater to the evolving needs of consumers in the digital age.

4. How many fintech companies are there in India?

Numerous fintech companies are operating in India, with the industry experiencing rapid growth in recent years. While the exact number may vary, some reports suggest that there are over 2,000 fintech companies in India across various sectors such as payments, lending, wealth management, and insurance.Some of the well-known fintech companies in India include Paytm, PhonePe, Razorpay, Policybazaar, Zerodha, CRED, Pine Labs, and Lendingkart, among others.

5. What skills are typically required for jobs in fintech companies?

Common skills required for jobs in fintech companies include proficiency in programming languages, data analysis, financial modeling, regulatory compliance knowledge, and strong communication skills.


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