A decade ago, banking meant paperwork and long queues. Today, fintech companies enable instant KYC, real-time UPI transfers, and AI-powered underwriting.
India’s fintech companies are redefining how financial services are built, delivered, and consumed. In 2026, fintech companies in India are no longer just startups experimenting with digital wallets; they are large-scale financial infrastructure providers powering payments, lending, insurance, wealth management, and embedded banking. With over USD 20 billion( in the last five years) in cumulative funding, more than 25 unicorn fintech companies, and nearly approximately 10,200 fintech companies, India has emerged as one of the fastest-growing financial technology markets globally.
Table of Contents
- What Is a Fintech Company?
- How Do Fintech Companies Make Money?
- Why India Is Becoming a Global Fintech Hub
- List of Top 30 Fintech Companies in India (2026)
- Digital Payment Fintech Companies in India
- Digital Lending and Credit Fintech Companies in India
- WealthTech and Investment Fintech Companies in India
- InsurTech Startups in India to Watch in 2026
- B2B Fintech and Financial Infrastructure Companies in India
- Frequently Asked Questions (FAQ)
What Is a Fintech Company?
A fintech company is a business that uses technology to deliver financial services more efficiently than traditional institutions. Fintech companies operate across multiple segments, including payments, lending, wealth management, insurance, and banking infrastructure.
For example, a digital payments company in India enables real-time QR and UPI transactions. An AI-powered lending platform in India leverages machine learning to evaluate creditworthiness instantly. WealthTech fintech companies simplify investing through mobile platforms, while AI fintech companies in India automate fraud detection and risk scoring. In short, fintech companies combine finance and technology to increase accessibility, reduce costs, and improve user experience.
How Do Fintech Companies Make Money?
Although fintech companies rely heavily on innovation, their revenue models are structured and scalable. Payments-focused fintech companies earn through transaction fees and merchant discount rates. Lending fintech companies generate income through interest spreads and processing charges. B2B fintech companies charge SaaS subscription fees for APIs and financial infrastructure tools.
InsurTech fintech companies monetize through policy commissions, while WealthTech fintech companies earn brokerage or advisory fees. Because fintech companies operate digitally with minimal physical infrastructure, they often scale faster and achieve higher margins compared to traditional financial institutions.
List of Top 30 Fintech Companies in India (2026)
Digital Payment Fintech Companies in India
- Paytm
- PhonePe
- Razorpay
- BharatPe
- Cashfree
Digital Lending and Credit Fintech Companies in India
- Lendingkart
- KreditBee
- Navi
- MoneyTap
- CASHe
WealthTech and Investment Fintech Companies in India
- Zerodha
- Groww
- Upstox
- INDmoney
- Kuvera
InsurTech Startups in India to Watch in 2026
- PolicyBazaar
- Acko
- Digit Insurance
- RenewBuy
- Turtlemint
B2B Fintech and Financial Infrastructure Companies in India
- Pine Labs
- M2P Fintech
- Perfios
- Open Financial
- Zaggle
- Ezetap
- MobiKwik
- Signzy
- Niyo
- Juspay
30 Leading Fintech Companies in India – Detailed Overview
Digital Payment Fintech Companies in India
1. Paytm
Paytm is a major player in India’s digital payments ecosystem, founded in 2010 and headquartered in Noida, Uttar Pradesh. The company was established by Vijay Shekhar Sharma and operates under its parent entity, One97 Communications.
Over the years, Paytm has raised well over $4 billion in total funding across multiple rounds from global investors including SoftBank, Alibaba Group / Ant Group, and Berkshire Hathaway.
Originally launched as a prepaid mobile recharge platform, Paytm has evolved into a diversified digital payments and financial services platform. Its offerings include UPI payments, Paytm Wallet, bill payments, ticketing, QR-based merchant payments, and financial services such as lending, insurance, and wealth products. The company has consistently positioned itself around financial inclusion, targeting underserved and unbanked segments through digital infrastructure.
In recent years (2024–2026), Paytm has moved toward improving profitability through cost optimization, restructuring of certain business segments, and a sharper focus on core payments and financial services. However, its financial performance has remained mixed and subject to regulatory developments, including actions impacting its payments bank operations by the Reserve Bank of India.
Headquarters: Noida, Uttar Pradesh, India
Founded Year: 2010
Founder Name: Vijay Shekhar Sharma
Funding Raised till date: $4B+ (cumulative, across rounds)
Official Website: https://paytm.com/
2. PhonePe
PhonePe is a major player in India’s digital payments ecosystem, founded in 2015 and headquartered in Bengaluru, Karnataka. The company was established by Sameer Nigam, Rahul Chari, and Burzin Engineer. It is majority-owned by Walmart and has also received investments from firms such as General Atlantic.
PhonePe is a leading UPI-based digital payments platform in India, enabling users to transfer UPI transfers
- Merchant QR payments
- Bill payments
- Insurance distribution
- Wealth products
- Merchant financial tools
Over time, it has expanded into adjacent financial services including insurance distribution, wealth products, and merchant solutions such as PoS devices and QR-based acceptance infrastructure.
As of 2025–2026, PhonePe is widely reported to hold the largest share in UPI transactions in India (generally estimated in the ~45–50% range, subject to monthly variation as per NPCI data). The platform serves hundreds of millions of registered users across the country.
PhonePe has been preparing for a potential public listing, and while discussions and regulatory processes have been underway, timelines for an IPO remain subject to market conditions and regulatory approvals rather than being definitively confirmed.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2015
Founder Name: Sameer Nigam, Rahul Chari, Burzin Engineer
Funding Raised till date: ~ $1 billion+ (cumulative funding across multiple rounds, publicly reported estimates)
Official Website:https://www.phonepe.com/
3. Razorpay
Razorpay was founded in 2014 and is headquartered in Bengaluru, Karnataka, India. The company was established by Harshil Mathur and Shashank Kumar.
Razorpay has raised over $740 million in total funding across multiple rounds from investors including Tiger Global Management, Sequoia Capital, Ribbit Capital, and Lone Pine Capital.
Razorpay began as a payment gateway for online businesses and has since evolved into a full-stack financial solutions provider for businesses. Its product suite includes payment gateway services, RazorpayX (business banking), Razorpay Capital (credit solutions), payroll management tools, and API-driven financial infrastructure. It primarily operates in the B2B fintech and payments infrastructure space, rather than consumer-facing payments like UPI apps.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2014
Founder Name: Harshil Mathur, Shashank Kumar
Funding Raised till date: $740M+ (cumulative)
Official Website:https://razorpay.com/
4. BharatPe
BharatPe is a merchant-focused fintech company in India, founded in 2018 and headquartered in New Delhi. The company was co-founded by Bhavik Koladiya and Shashvat Nakrani, with Ashneer Grover playing a key early leadership role. BharatPe has raised over $580 million in total funding across multiple rounds from investors such as Sequoia Capital, Tiger Global Management, and Insight Partners. BharatPe focuses on enabling small and medium-sized merchants to accept digital payments. It gained early traction by offering interoperable UPI QR codes with zero MDR, and later expanded into merchant lending, POS solutions (including BharatSwipe), and other financial services. The platform’s core objective is to digitize offline merchants and improve their access to working capital and financial tools.
In recent years (2024–2026), BharatPe has continued to expand its merchant-focused offerings, including credit products and payment solutions. However, its growth phase has also been accompanied by internal restructuring and governance changes, making its trajectory more complex than a straightforward expansion narrative.
Headquarters: New Delhi, India
Founded Year: 2018
Founder Name: Bhavik Koladiya, Shashvat Nakrani (Ashneer Grover early co-founder/ex-MD)
Funding Raised till date: $580M+ (cumulative)
Official Website: https://bharatpe.com/
5. Cashfree
Cashfree Payments is a payments and API banking fintech company founded in 2015 and headquartered in Bengaluru, Karnataka, India. The company was established by Akash Sinha and Reeju Datta.
Cashfree has raised approximately $90M–$100M+ in cumulative funding across multiple rounds from investors including Y Combinator, Apis Partners, State Bank of India, and Krafton.
The company operates in the digital payments and B2B fintech space, offering solutions that enable businesses to collect payments and manage payouts efficiently. Its product suite includes payment gateway services, bulk disbursements (payouts), instant refunds, identity verification (KYC), and cross-border payment capabilities. Cashfree primarily serves startups, enterprises, and online marketplaces, with a strong focus on payout infrastructure and API-driven financial services.
In recent years (2024–2026), Cashfree has focused on expanding its international presence and strengthening its product ecosystem, particularly in payout systems, compliance infrastructure, and merchant experience. These developments reflect a broader strategic emphasis on scaling business payment solutions rather than any single confirmed milestone event.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2015
Founder Name: Akash Sinha, Reeju Datta
Funding Raised till date: ~$90M–$100M+ (cumulative)
Official Website: https://www.cashfree.com/
6. Lendingkart
Lendingkart is a digital lending platform founded in 2014 and headquartered in Ahmedabad, Gujarat, India. The company was established by Harshvardhan Lunia and Mukul Sachan.
Lendingkart has raised approximately $95M–$100M+ in cumulative funding across multiple rounds from investors including Bertelsmann India Investments, Sistema Asia Fund, and Saama Capital.
The company operates in the lending and SME fintech space, focusing on providing working capital loans to micro, small, and medium enterprises (MSMEs). It uses a fully digital, data-driven underwriting model that leverages alternative data to assess creditworthiness, enabling faster loan approvals with minimal documentation. Its core objective is to improve access to credit for underserved and underbanked small businesses.
In recent years (2024–2026), Lendingkart has continued to strengthen its underwriting capabilities and expand its lending operations. These developments reflect ongoing operational growth rather than any single confirmed milestone event.
Headquarters: Ahmedabad, Gujarat, India
Founded Year: 2014
Founder Name: Harshvardhan Lunia, Mukul Sachan
Funding Raised till date: ~$95M–$100M+ (cumulative)
Official Website: https://www.lendingkart.com/
7. KreditBee
KreditBee is a digital lending platform founded in 2016 and headquartered in Bengaluru, Karnataka, India. The company was established by Madhusudan Ekambaram along with co-founders Vivek Veda and Karthikeyan Krishnaswamy.
KreditBee has raised over $540M in cumulative funding, including a major $280 million Series E round in 2026, which elevated the company to a valuation of approximately $1.5 billion and made it a unicorn.
The company operates in the digital lending and fintech space, offering instant personal loans, MSME loans, and other credit products through a fully digital platform. It leverages alternative credit scoring, AI-driven underwriting, and digital KYC to provide fast loan approvals with minimal documentation. KreditBee primarily serves young professionals, salaried individuals, and emerging credit users across India.
In recent developments (2025–2026), KreditBee has taken concrete steps toward a public listing, including approval to convert into a public entity and raising pre-IPO funding to strengthen its lending book and technology infrastructure. The company is also focusing on expanding its credit portfolio and enhancing AI-led risk assessment systems.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2016 (scaled commercially from 2018)
Founder Name: Madhusudan Ekambaram, Vivek Veda, Karthikeyan Krishnaswamy
Funding Raised till date: $540M+ (cumulative)
Official Website: https://www.kreditbee.in/
8. Navi
Navi is a financial services company founded in 2018 and headquartered in Bengaluru, Karnataka, India. The company was established by Sachin Bansal and Ankit Agarwal.
Navi has raised over $100M+ in equity funding, along with substantial debt funding lines to support its lending operations. Key investors include institutional capital such as GIC, along with promoter backing.
Navi operates across digital lending, payments, and financial services, offering a range of products including personal loans, home loans, mutual funds, health insurance, and UPI-based payments. The company focuses on delivering fully digital, paperless, and transparent financial solutions through a unified platform.
In recent years (2024–2026), Navi has continued to scale its lending business through ongoing debt financing and has expanded its presence in insurance and digital payments. These developments reflect steady operational growth rather than any single confirmed milestone event.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2018
Founder Name: Sachin Bansal, Ankit Agarwal
Funding Raised till date: $100M+ (equity) + significant debt funding
Official Website: https://navi.com/
9. MoneyTap
MoneyTap is a digital lending platform founded in 2015 and headquartered in Bengaluru, Karnataka, India. The company was established by Bala Parthasarathy, Kunal Verma, and Anuj Kacker.
MoneyTap has raised approximately $70M–$80M+ in cumulative funding across multiple rounds from investors including Sequoia Capital, Prime Venture Partners, and RTP Global.
The company operates in the digital lending and consumer credit fintech space, offering app-based revolving credit lines and flexible personal loans. Its core product allows users to borrow funds as needed and pay interest only on the amount utilized, positioning it as a flexible alternative to traditional personal loans. The platform primarily targets salaried professionals and urban consumers.
In recent years (2024–2026), MoneyTap has continued to expand its lending products and digital presence across Indian markets. These developments reflect steady operational growth rather than any single confirmed milestone event.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2015
Founder Name: Bala Parthasarathy, Kunal Verma, Anuj Kacker
Funding Raised till date: ~$70M–$80M+ (cumulative)
Official Website: https://www.moneytap.com/
10. CASHe
CASHe is a digital lending platform founded in 2016 and primarily operating out of Mumbai and NCR regions in India. The company was established by Raman Kumar.
CASHe has raised $40M+ in cumulative funding across multiple equity and debt rounds from investors including TSLC Pte Ltd and other institutional backers. The company operates in the digital lending and consumer credit fintech space, offering short-term personal loans to salaried professionals. It uses a proprietary credit scoring model known as the Social Loan Quotient (SLQ), which leverages alternative data and AI-driven underwriting to assess borrower creditworthiness, enabling fast approvals with minimal documentation.
In recent years (2024–2026), CASHe has continued to refine its credit assessment models and expand its lending operations. These developments reflect ongoing product and portfolio growth rather than any single widely confirmed milestone event.
Headquarters: Mumbai / NCR, India
Founded Year: 2016
Founder Name: Raman Kumar
Funding Raised till date: ~$40M+ (cumulative)
Official Website: https://cashe.co.in/
WealthTech and Investment Fintech Companies in India
11. Zerodha
Zerodha is a leading wealth-tech and brokerage platform founded in 2010 and headquartered in Bengaluru, Karnataka, India. The company was established by Nithin Kamath and Nikhil Kamath.
Zerodha is a bootstrapped company that has grown profitably without raising external venture capital. It operates in the wealth management, brokerage, and investment technology space, and is widely regarded as one of India’s largest retail stockbrokers by active client base.
The platform offers a comprehensive suite of investment products and tools, including its flagship trading platform Kite and direct mutual fund platform Coin. Users can trade in equities, derivatives, and commodities, while also accessing long-term investment options. Zerodha has also built a broader ecosystem with products like Console (analytics dashboard) and Varsity (investor education platform).
In recent years (2024–2026), Zerodha has remained consistently profitable, although it has experienced moderation in revenue and profit growth due to regulatory changes affecting the brokerage industry. The company continues to invest in platform stability, user experience, and technology-driven improvements.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2010
Founder Name: Nithin Kamath, Nikhil Kamath
Funding Raised till date: Bootstrapped (No external funding)
Official Website: https://zerodha.com/
12. Groww
Groww is a leading wealth-tech platform founded in 2016 and headquartered in Bengaluru, Karnataka, India. The company was established by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal.
Groww has raised $1B+ (₹8,000+ crore equivalent) in cumulative funding across multiple rounds from investors including Tiger Global, Sequoia Capital India, Ribbit Capital, and others. The company operates in the wealth-tech, brokerage, and investment platform category.
Groww offers a comprehensive digital investment platform covering mutual funds, equities, ETFs, IPOs, and select international investment options. It has scaled rapidly due to its intuitive user interface, mobile-first design, and seamless paperless onboarding process. The platform is widely recognized as one of India’s largest stockbrokers by an active client base.
In recent years (2024–2026), Groww has reported strong financial performance, including significant profitability growth. The company is actively progressing toward a public listing (IPO) while continuing to expand its product offerings and strengthen its position in India’s retail investment ecosystem.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2016
Founder Name: Lalit Keshre, Harsh Jain, Neeraj Singh, Ishan Bansal
Funding Raised till date: $1B+ (₹8,000+ crore equivalent)
Official Website: https://groww.in/
13. Upstox
Upstox is a prominent wealth-tech and brokerage platform originally founded in 2009 as RKSV Securities and later rebranded as Upstox. The company is headquartered in Mumbai, Maharashtra, India and was founded by Ravi Kumar, Shrini Viswanath, and Kavitha Subramanian.
Upstox has raised $140M+ (₹1,000+ crore equivalent) in funding from investors including Tiger Global and Ratan Tata.
The platform operates in the wealth-tech and online brokerage space, offering trading and investment services across equities, derivatives, commodities, mutual funds, and IPOs. It is known for its low-cost brokerage model and technology-driven tools aimed at increasing retail investor participation.
Upstox has grown to become one of India’s leading discount brokerages by active clients, competing with platforms like Zerodha and Groww.
In recent years (2024–2026), the company has focused on improving platform reliability, expanding product offerings, and strengthening its position in India’s rapidly growing retail trading ecosystem.
Headquarters: Mumbai, Maharashtra, India
Founded Year: 2009 (as RKSV Securities)
Founder Name: Ravi Kumar, Shrini Viswanath, Kavitha Subramanian
Funding Raised till date: $140M+ (₹1,000+ crore equivalent)
Official Website: https://upstox.com/
14. INDmoney
INDmoney is a wealth-tech and personal finance platform founded in 2019 and headquartered in Bengaluru, Karnataka, India. The company was established by Ashish Kashyap.
INDmoney has raised $200M+ (₹1,600+ crore equivalent) in cumulative funding from global investors including Tiger Global, Steadview Capital, and Dragoneer Investment Group.
The platform operates in the wealth-tech and personal finance category, offering a unified financial dashboard that enables users to track investments, loans, expenses, insurance, and overall net worth in one place. It also provides services such as US stock investing, mutual funds, goal-based financial planning, credit score tracking, and automated financial insights.
INDmoney differentiates itself through deep data aggregation and analytics, helping users make informed financial decisions through a consolidated view of their finances.
In recent years (2024–2026), the company has continued to expand its investment offerings and strengthen its analytics-driven personal finance platform.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2019
Founder Name: Ashish Kashyap
Funding Raised till date: $200M+ (₹1,600+ crore equivalent)
Official Website: https://indmoney.com/
15. Kuvera
Kuvera is a wealth-tech platform founded in 2016 and headquartered in Bengaluru, Karnataka, India. The company was established by Gaurav Rastogi and Neelabh Sanyal.
Kuvera has raised approximately $10M+ in funding from investors including Eight Roads Ventures (Fidelity’s investment arm) and other early-stage backers. The company was acquired by CRED in 2024 as part of CRED’s expansion into digital wealth management.
The platform operates in the wealth-tech space and is widely recognized for pioneering direct mutual fund investing (zero-commission) in India. It enables users to invest across mutual funds, equities, ETFs, digital gold, US stocks, and fixed deposits, while also offering goal-based financial planning, tax harvesting tools, and portfolio tracking features.
Kuvera has built a strong reputation for its investor-first approach, clean interface, and long-term wealth creation tools.
In recent years (2024–2026), Kuvera has been integrated into CRED’s ecosystem, with enhancements in analytics, portfolio insights, and user experience as part of broader wealth-tech expansion.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2016
Founder Name: Gaurav Rastogi, Neelabh Sanyal
Funding Raised till date: ~$10M+ (early-stage funding)
Official Website: https://kuvera.in/
InsurTech Startups in India to Watch in 2026
16. PolicyBazaar
PolicyBazaar is a leading insurtech platform founded in 2008 and headquartered in Gurugram, Haryana, India. The company was established by Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar, and operates under its parent entity PB Fintech.
Prior to its public listing in 2021, PolicyBazaar raised approximately $500M+ in funding from investors including SoftBank, Tiger Global, and Temasek.
PolicyBazaar operates as an online insurance marketplace, enabling users to compare and purchase health, life, motor, and travel insurance policies. By aggregating multiple insurers on a single platform, it improves pricing transparency, simplifies policy comparison, and enhances customer decision-making. The platform has played a significant role in expanding insurance penetration in India through digital distribution and advisory tools.
In recent years (2024–2026), the company has focused on improving profitability, strengthening its core insurance distribution business, and enhancing customer experience through technology-driven improvements.
Headquarters: Gurugram, Haryana, India
Founded Year: 2008
Founder Name: Yashish Dahiya, Alok Bansal, Avaneesh Nirjar
Funding Raised till date: ~$500M+ (pre-IPO)
Official Website: https://www.policybazaar.com/
17. Acko
ACKO is a digital-first insurtech company founded in 2016 and headquartered in Bengaluru, Karnataka, India. The company was established by Varun Dua.
ACKO has raised $450M+ in cumulative funding from investors including Amazon, Accel, and General Atlantic.
The company operates in the insurtech space and offers a range of insurance products including motor and health insurance, along with embedded insurance solutions. It follows a direct-to-consumer, digital-first model, reducing dependence on traditional agent networks. Through technology-driven underwriting and automated claims processing, ACKO aims to offer competitive pricing and faster claim settlements.
The company has built strong partnerships with digital platforms and mobility providers, enabling seamless integration of insurance products within customer transactions.
In recent years (2024–2026), ACKO has focused on expanding its health insurance offerings, strengthening partnerships, and improving operational efficiency through continued technology enhancements.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2016
Founder Name: Varun Dua
Funding Raised till date: $450M+ (cumulative)
Official Website: https://www.acko.com/
18. Digit Insurance
Digit Insurance (Go Digit General Insurance) is a digital-first insurance company founded in 2016 and headquartered in Bengaluru, Karnataka, India. The company was established by Kamesh Goyal.
Digit Insurance has raised approximately $430M–$500M+ in equity funding, primarily backed by Fairfax Financial Holdings, along with other institutional investors and debt financing arrangements.
The company operates in the general insurance and insurtech sector, offering products such as motor, health, travel, and property insurance. It follows a digital-first model, focusing on simplified policy structures, paperless onboarding, and technology-enabled claims processing to improve customer experience and operational efficiency.
Digit is known for its customer-centric approach and use of automation and data analytics to support underwriting and claims management.
In recent years (2024–2026), the company has focused on expanding its distribution partnerships, strengthening its core insurance offerings, and improving operational efficiency through continued technology adoption.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2016
Founder Name: Kamesh Goyal
Funding Raised till date: ~$430M–$500M+ (equity + structured capital)
Official Website: https://www.godigit.com/
19. RenewBuy
RenewBuy is a digital insurance distribution platform founded in 2015 and headquartered in Gurugram, Haryana, India. The company was established by a group of founders including Balachander Sekhar, Devesh Joshi, Harmanpreet Singh, Sandeep Nanda, and Indraneel Chatterjee.
RenewBuy has raised approximately $140M+ in cumulative funding from investors including Apis Partners, 360 ONE Asset, and other institutional investors.
The company operates in the insurtech space and follows a hybrid model that combines digital insurance distribution with agent-assisted advisory services. It enables users to compare and purchase motor, health, and life insurance products while leveraging a large network of insurance advisors (POSPs), with strong penetration in tier-2 and tier-3 cities.
RenewBuy’s platform focuses on improving insurance accessibility, enabling agents with digital tools, and increasing policy renewals through assisted selling and customer support.
In recent years (2024–2026), RenewBuy has focused on expanding its distribution network, improving renewal efficiency, and strengthening its data-driven cross-selling and retention capabilities. The company has also been part of broader industry consolidation discussions in the Indian insurance distribution sector.
Headquarters: Gurugram, Haryana, India
Founded Year: 2015
Founder Name: Balachander Sekhar, Devesh Joshi, Harmanpreet Singh, Sandeep Nanda, Indraneel Chatterjee
Funding Raised till date: ~$140M+ (cumulative)
Official Website: https://www.renewbuy.com/
20. Turtlemint
Turtlemint is a digital insurance enablement platform founded in 2015 and headquartered in Mumbai, Maharashtra, India. The company was established by Dhirendra Mahyavanshi and Anand Prakash.
Turtlemint has raised $150M+ to $190M+ in cumulative funding from investors including Matrix Partners India, Sequoia Capital India, American Family Ventures, and others.
The company operates in the insurtech space and focuses on enabling insurance distribution through a technology-driven advisor network. It provides insurance agents with tools for policy comparison, CRM management, digital onboarding, training, and sales tracking. Its platform helps modernize insurance distribution by digitizing agent workflows and improving customer advisory services.
Turtlemint plays a key role in strengthening India’s assisted insurance distribution model, particularly by empowering individual insurance advisors with digital tools and analytics-driven insights.
In recent years (2024–2026), the company has continued expanding its advisor ecosystem, enhancing its SaaS-based insurance tools, and strengthening digital onboarding and customer support capabilities.
Headquarters: Mumbai, Maharashtra, India
Founded Year: 2015
Founder Name: Dhirendra Mahyavanshi, Anand Prakash
Funding Raised till date: ~$150M–$190M+ (cumulative)
Official Website: https://www.turtlemint.com/
B2B Fintech and Financial Infrastructure Companies in India
21. Pine Labs
Pine Labs is a merchant commerce and payments company founded in 1998 and headquartered in Noida, Uttar Pradesh, India. The company was founded by Lokvir Kapoor, Rajul Garg, and Tarun Upadhyay.
Pine Labs has raised over $1B+ in cumulative funding across multiple rounds from investors including Sequoia Capital India (Peak XV Partners), Temasek, PayPal, Mastercard, and other global institutional investors.
The company operates in the digital payments and B2B fintech space, providing full-stack merchant commerce solutions including point-of-sale (POS) systems, payment processing (online and offline), EMI and buy-now-pay-later (BNPL) infrastructure, loyalty programs, and gift card issuance systems. It serves merchants across India and international markets, enabling payment acceptance and commerce enablement at scale.
Pine Labs is one of Asia’s leading merchant platforms and has evolved from a card-based payment solutions provider into a broader commerce infrastructure company supporting both offline and digital transactions.
In recent years (2024–2026), the company has focused on expanding its international footprint, strengthening merchant financing and BNPL offerings, and scaling its integrated commerce ecosystem. It has also progressed toward public markets, with its IPO filings reflecting continued investor participation and business expansion.
Headquarters: Noida, Uttar Pradesh, India
Founded Year: 1998
Founder Name: Lokvir Kapoor, Rajul Garg, Tarun Upadhyay
Funding Raised till date: $1B+ (cumulative)
Official Website: https://www.pinelabs.com/
22. M2P Fintech
M2P Fintech is a banking-as-a-service (BaaS) and embedded finance infrastructure company founded in 2014 and headquartered in Chennai, Tamil Nadu, India. The company was established by M. Madhusudhan and Prabu Kannan.
M2P Fintech has raised approximately $100M+ in cumulative funding from investors including Insight Partners, Tiger Global, and other institutional investors. Public disclosures generally place its total funding in the ~$100M range, though exact consolidated figures vary due to multiple structured rounds.
The company operates in the B2B fintech and embedded finance space, providing API-based infrastructure that enables banks, NBFCs, and fintech companies to launch and manage financial products such as credit cards, prepaid cards, lending systems, payment processing, and other embedded financial services. Its platform supports the rapid deployment of financial products through modular APIs.
M2P Fintech plays a significant role in powering embedded finance ecosystems by enabling financial institutions and digital platforms to integrate banking and payment capabilities into their services through scalable infrastructure.
In recent years (2024–2026), the company has focused on expanding its international operations across Asia, the Middle East, and Africa, while strengthening its embedded finance infrastructure and API product suite.
Headquarters: Chennai, Tamil Nadu, India
Founded Year: 2014
Founder Name: M. Madhusudhan, Prabu Kannan
Funding Raised till date: ~$100M+ (cumulative, approximate)
Official Website: https://m2pfintech.com
23. Perfios
Perfios is a financial data aggregation, analytics, and decisioning company founded in 2008 and headquartered in Bengaluru, Karnataka, India. The company was established by Debasish Chakraborty and Sabyasachi Goswami.
Perfios has raised approximately $150M–$250M+ in cumulative funding from investors including Warburg Pincus and Kedaara Capital. The exact total is not publicly standardized across sources due to multiple structured equity rounds.
The company operates in the B2B fintech infrastructure space, providing financial data aggregation, analytics, underwriting automation, and risk assessment solutions. Its platform helps banks, NBFCs, and fintech lenders automate credit decisioning by analyzing structured and unstructured financial data such as bank statements, income documents, and transaction histories.
Perfios plays a key role in India’s digital lending ecosystem by enabling faster and more accurate credit underwriting through data-driven automation.
In recent years (2024–2026), the company has focused on strengthening its data analytics and underwriting automation capabilities while expanding partnerships with financial institutions in India and international markets.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2008
Founder Name: Debasish Chakraborty, Sabyasachi Goswami
Funding Raised till date: ~$150M–$250M+ (cumulative, estimated)
Official Website: https://www.perfios.com
24. Open Financial
Open Financial Technologies is a neo-banking and SME-focused financial platform founded in 2017 and headquartered in Bengaluru, Karnataka, India. The company was established by Anish Achuthan, Mabel Chacko, and Deena Jacob.
Open Financial Technologies has raised approximately $100M–$170M+ in cumulative funding from investors including Tiger Global, Temasek, and other institutional investors. The exact total varies across reported rounds and includes multiple equity financings.
The company operates in the neo-banking and B2B fintech space, providing a financial operating system for small and medium-sized enterprises (SMEs). Its platform integrates business banking and financial workflows such as payments, invoicing, payroll, accounting, expense tracking, and cash flow management into a single unified system.
Open enables SMEs to manage financial operations more efficiently by embedding banking and automation tools directly into business processes, improving visibility and operational control.
In recent years (2024–2026), the company has focused on expanding its embedded finance capabilities, strengthening compliance and regulatory infrastructure, and scaling its SME-focused financial operating system across additional markets.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2017
Founder Name: Anish Achuthan, Mabel Chacko, Deena Jacob
Funding Raised till date: ~$100M–$170M+ (cumulative, estimated)
Official Website: https://open.money
25. Zaggle
Zaggle is a spend management and SaaS-based fintech company founded in 2011 and headquartered in Hyderabad, Telangana, India. The company was established by Raj P. Narayanam.
Zaggle has raised approximately $70M+ in cumulative funding and became a publicly listed company in 2023 through its IPO on Indian stock exchanges.
The company operates in the B2B fintech and spend management category, offering a suite of solutions including prepaid corporate cards, expense management software, employee benefits, rewards and incentives programs, and vendor payment automation tools. Its platform is primarily used by enterprises to manage and digitize corporate spending workflows.
Zaggle focuses on helping organizations improve financial control, automate expense reporting, and enhance transparency in corporate spending through integrated SaaS and payments infrastructure.
In recent years (2024–2026), the company has focused on expanding enterprise partnerships, strengthening its SaaS-based spend management ecosystem, and scaling its corporate finance automation solutions.
Headquarters: Hyderabad, Telangana, India
Founded Year: 2011
Founder Name: Raj P. Narayanam
Funding Raised till date: ~$70M+ (cumulative)
Listing: IPO in 2023 (publicly listed)
Official Website: https://www.zaggle.in
26. Ezetap
Ezetap is a merchant payments and digital acceptance infrastructure company founded in 2011 and headquartered in Bengaluru, Karnataka, India. The company was established by Bhaktha Keshavachar and Sanjay Swamy.
Ezetap has raised approximately $50M–$70M in cumulative funding from investors including Social Capital, Helion Venture Partners, and American Express Ventures.
The company operates in the B2B fintech and digital payments infrastructure space, providing mobile-based point-of-sale (POS) and software solutions that enable merchants to accept card payments, UPI, and other digital payment methods. Its platform is used by banks, enterprises, and large merchant networks to modernize offline payment acceptance systems and enable seamless digital transactions.
Ezetap plays a key role in enabling omnichannel payment infrastructure by integrating hardware and software solutions for in-store and mobile payment acceptance.
In 2022, Ezetap was acquired by Razorpay and has since been integrated into Razorpay’s offline payments and merchant infrastructure ecosystem, contributing to its unified omnichannel payment offerings.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2011
Founder Name: Bhaktha Keshavachar, Sanjay Swamy
Funding Raised till date: ~$50M–$70M (cumulative)
Acquisition: Acquired by Razorpay (2022)
Official Website: https://www.ezetap.com
27. MobiKwik (MobiKwik Zip)
MobiKwik is a digital payments and fintech company founded in 2009 and headquartered in Gurugram, Haryana, India. The company was established by Bipin Preet Singh and Upasana Taku.
MobiKwik has raised approximately $220M–$250M+ in cumulative funding from investors including Sequoia Capital, Bajaj Finance, and other institutional investors. The exact total varies slightly across disclosures depending on inclusion of structured and strategic investments.
The company operates in the digital payments and fintech space, offering services such as mobile wallets, UPI payments, merchant payments, and Buy Now Pay Later (BNPL) solutions. Its flagship credit product, MobiKwik ZIP, provides users with short-term credit lines for online and offline purchases, enabling flexible repayment options at the point of sale.
MobiKwik ZIP is widely used across merchant networks and e-commerce platforms, integrating payments and credit to enable seamless checkout financing experiences.
In recent years (2024–2026), MobiKwik has focused on strengthening its BNPL and credit underwriting systems, expanding merchant partnerships, and aligning its lending operations with evolving regulatory requirements in India’s digital credit ecosystem.
Headquarters: Gurugram, Haryana, India
Founded Year: 2009
Founder Name: Bipin Preet Singh, Upasana Taku
Funding Raised till date: ~$220M–$250M+ (cumulative, estimated)
Official Website: https://www.mobikwik.com
28. Signzy
Signzy is a regtech and AI-powered financial infrastructure company founded in 2015 and headquartered in Bengaluru, Karnataka, India. The company was established by Ankit Ratan, Karthik SJ, and Ankur Pandey.
Signzy has raised approximately $30M–$40M+ in cumulative funding from investors including Kalaari Capital, Gaja Capital, and other early-stage institutional investors. The exact total varies slightly across public disclosures depending on the inclusion of multiple funding rounds.
The company operates in the regtech and AI fintech infrastructure space, providing solutions for identity verification, KYC automation, digital onboarding, fraud detection, and regulatory compliance. Its platform helps banks, NBFCs, and fintech companies automate customer verification and compliance workflows using AI and API-based infrastructure.
Signzy is widely used in financial services for streamlining onboarding processes, reducing fraud risk, and improving compliance efficiency through digital identity and document verification systems.
In recent years (2024–2026), the company has focused on strengthening its AI-driven compliance infrastructure and expanding its identity verification and onboarding solutions for global financial institutions.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2015
Founder Name: Ankit Ratan, Karthik SJ, Ankur Pandey
Funding Raised till date: ~$30M–$40M+ (cumulative, estimated)
Official Website: https://www.signzy.com
29. Niyo
Niyo is a neo-banking and digital banking platform founded in 2015 and headquartered in Bengaluru, Karnataka, India. The company was established by Vinay Bagri and Viraj Nanda.
Niyo has raised approximately $120M–$150M+ in cumulative funding from investors including Accel, Multiples Alternate Asset Management, and other institutional investors.The company operates in the neo-banking and digital banking space, offering salary-linked bank accounts, digital savings accounts, and travel forex cards in partnership with regulated banks. Its platform focuses on providing digital-first banking experiences for salaried individuals and frequent travelers, with fully paperless onboarding and mobile-based account management.
Niyo is particularly known for its travel banking solutions, which allow users to spend internationally using prepaid forex cards with transparent exchange rates and app-based controls.
In recent years (2024–2026), the company has focused on expanding its travel banking offerings, strengthening partnerships with partner banks, and improving digital onboarding and customer experience systems.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2015
Founder Name: Vinay Bagri, Viraj Nanda
Funding Raised till date: ~$120M–$150M+ (cumulative, estimated)
Official Website: https://www.goniyo.com
30. Juspay
Juspay is a payment infrastructure and orchestration company founded in 2012 and headquartered in Bengaluru, Karnataka, India. The company was established by Vimal Kumar and Sheetal Lalwani.
Juspay has raised approximately $100M–$150M+ in cumulative funding from investors including SoftBank, Accel, and other institutional investors. The exact total varies across reports depending on whether structured and secondary investments are included.
The company operates in the digital payments infrastructure and B2B fintech space, providing payment orchestration, checkout solutions, tokenization systems, and UPI infrastructure for merchants, banks, and large enterprises. Its platform helps route transactions across multiple payment gateways and networks to improve success rates, reliability, and checkout performance.
Juspay plays a key role in strengthening India’s digital payments ecosystem by enabling scalable, resilient, and high-performance payment processing infrastructure for enterprise-grade use cases.
In recent years (2024–2026), the company has focused on expanding its enterprise payment orchestration capabilities, improving real-time payment processing systems, and scaling its infrastructure offerings across global markets.
Headquarters: Bengaluru, Karnataka, India
Founded Year: 2012
Founder Name: Vimal Kumar, Sheetal Lalwani
Funding Raised till date: ~$100M–$150M+ (cumulative, estimated)
Official Website: https://juspay.in
Best Fintech Companies in Bangalore
Bangalore hosts the highest concentration of fintech companies in the country. The city benefits from a strong startup ecosystem, deep engineering talent, access to venture capital, and close collaboration between banks, regulators, and technology companies. In 2026, fintech companies in Bangalore are driving innovation across digital payments, lending, wealth management, insurtech, and B2B financial infrastructure. Many of India’s most valuable fintech unicorns and fastest growing fintech startups operate from Bangalore, making the city a global fintech innovation hub.
Some of the top fintech companies in Bangalore in 2026 include:
- Razorpay
- PhonePe
- Zerodha
- Groww
- CRED
- Juspay
- Perfios
- Open Financial
These fintech companies in Bangalore span consumer payments, wealthtech, neobanking, AI-driven analytics, and large-scale payment infrastructure. Together, they account for a significant share of India’s fintech funding, innovation, and global expansion efforts, reinforcing Bangalore’s position as the heart of India’s fintech ecosystem.
Frequently Asked Questions (FAQ)
1. What are some major fintech companies in India?
Some of the major fintech companies in India include Paytm, PhonePe, Razorpay, Zerodha, Groww, PolicyBazaar, and Pine Labs. These companies operate across digital payments, lending, wealth management, insurance, and financial infrastructure, and several of them are fintech unicorns valued at over $1 billion.
2. What types of fintech companies operate in India?
Fintech companies in India operate across multiple segments including digital payments, digital lending, WealthTech (investment platforms), InsurTech (digital insurance), NeoBanking, RegTech, and B2B fintech infrastructure. Some focus on consumer-facing services like UPI payments and personal loans, while others provide backend APIs, compliance tools, and banking infrastructure to other financial institutions.
3. What are the four types of fintech?
The four primary types of fintech are:
- Fintech banks (neobanks)
- Fintech payments
- Personal financial management (PFM)
- Wealth management fintech applications
4. Which country is best for fintech?
The United States, United Kingdom, Singapore, and India are considered global leaders in fintech innovation. The US leads in venture funding and scale, the UK dominates in regulatory innovation and open banking, Singapore is strong in digital banking infrastructure, and India stands out for digital public infrastructure like UPI and rapid fintech adoption at scale.
5. What is the role of fintech in banking?
Fintech plays a transformative role in banking by enabling digital onboarding, real-time payments, AI-based credit scoring, fraud detection, and automated compliance. Fintech companies help traditional banks improve efficiency, reduce operational costs, enhance customer experience, and expand financial inclusion through technology-driven solutions.
