In a world where every minute carries value, convenience is no longer a luxury, it is an expectation. The ability to manage finances anytime, anywhere not only saves time and money but also creates the mental bandwidth to focus on what truly matters.
For decades, people navigated crowded bank branches, stood in long queues, adjusted their schedules around banking hours, and sacrificed lunch breaks just to complete routine financial tasks, from withdrawing cash to applying for loans. Banking was essential but draining.
Then came a transformation that redefined the relationship between people and money.
Fintech emerged not merely as an alternative to traditional banking, but as a revolution in financial accessibility, speed, and empowerment. Today, fintech companies do far more than facilitate payments and transfers, they streamline investments, simplify lending, democratize financial services, and place entire financial ecosystems in the palm of your hand. We shall further explore this revolution in this blog.
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.
Comparison Between Fintech Companies Registered Under SEBI and RBI
Aspect | Fintech Companies Registered/Regulated by SEBI | Fintech Companies Registered/Regulated by RBI |
Primary Function | Investment, wealth management, securities trading, portfolio advisory | Payments, lending, banking, digital wallets, and financial infrastructure. |
Regulatory Authority | Securities and Exchange Board of India (SEBI) | Reserve Bank of India (RBI) |
Focus Area | Capital markets and investments | Banking, payments, credit, and financial stability. |
Customer Goal | Wealth creation and investment growth. | Access to financial services and transactions. |
Key Services | Stock trading, mutual funds, robo-advisory,portfolio management,investment research. | UPI payments, digital wallets, lending, BNPL, prepaid instruments, payment gateways. |
Examples | Groww, Zerodha, Upstox, INDmoney, Kuvera. | Paytm, PhonePe, Razorpay, BharatPe, Navi. |
Key Services | Groww, Zerodha, Upstox, INDmoney, Kuvera. | Paytm, PhonePe, Razorpay, BharatPe, Navi. |
Licensing Requirements | Investment Adviser (IA), Research Analyst (RA), Stock Broker, PMS, or Mutual Fund Distributor registrations. | NBFC licenses, Payment Aggregator licenses, PPI licenses, Account Aggregator licenses, etc. |
Primary Revenue Sources | Brokerage fees, advisory fees, commissions, subscription services. | Transaction fees, interest income, lending spreads, merchant fees. |
Risk Exposure | Groww, Zerodha, Upstox, INDmoney, Kuvera. | Paytm, PhonePe, Razorpay, BharatPe, Navi. |
Consumer Outcome | Helps users grow wealth over time. | Helps users transact, borrow, save, and access financial services. |
Technology Focus | Portfolio analytics, robo-advisory, algorithmic investing | Digital payments, credit scoring, fraud detection, banking infrastructure. |
Examples of Products | Mutual funds, stocks, ETFs, bonds, SIPs. | UPI apps, wallets, personal loans, merchant payments, credit lines. |
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.
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 money, pay bills, recharge services, and make in-store payments. 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). .
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.
It 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.
It 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
In 2022, Ezetap was acquired by Razorpay and has since been integrated into Razorpay’s offline payments and merchant infrastructure ecosystem.
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.
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.
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.
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.
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.
Conclusion
India’s fintech revolution is a story of transformation. From digital payments and lending platforms to wealth-tech, insurtech, and financial infrastructure providers, these 30 fintech companies are redefining how individuals and businesses interact with money.
As technology continues to reshape financial services, the companies leading this evolution are not only driving innovation but also expanding financial inclusion, improving accessibility, and building the foundation for a more connected digital economy. Whether established market leaders or emerging challengers, these fintech pioneers represent the future of finance in India. Their journey is far from over, and the next chapter of India’s fintech growth promises to be even more impactful.
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.
References:
- Crunchbase
- Reserve Bank of India (RBI)
- National Payments Corporation of India (NPCI)
- Ministry of Electronics and Information Technology (MeitY)
- Invest India – Fintech Sector Reports
- India Brand Equity Foundation (IBEF)
- Tracxn Fintech Database
