Top 50 Fintech (Financial Technology) companies in India.

As per Investopedia Fintech companies are the ones who use specialized software, algorithms to help businesses and consumers manage their financial operations and investments more efficiently.

Fintech sector in India has seen a rapid growth of fintech companies over the past 5 years with its market size projected to grow to 2.4 billion dollars in 2020 from 1.2 billion dollars in 2014. 

Overall investments in Fintech companies stood at roughly 2 billion dollars in 2018, the number of deals increased to 132 in 2018 from 103 in 2017.

Now let’s have a look at the Top 50 Finctech companies who are taking India fintech industry to the next level

Paytm is the leading digital wallet company in India with its headquarters in Noida, Uttar Pradesh. PayTM mobile wallet is their flagship product which is used by millions of Indian consumers. Paytm has 9000+ employees and has a revenue of $118 Mn (2017-18). It was founded in the year 2010. Paytm also specializes in online shopping. Paytm is a private company.

Vijay Shekhar Sharma is the Founder and CEO of Paytm.

After launching in the year 2010, Paytm raised a total of 2.2 billion USD in 4 funding rounds and Paytm has acquired a total of 11 companies including Nearbuy, Insider.in, Edukart.

Bill Desk is an online payment services company with its headquarters in Mumbai, Maharashtra, India. IndiaIdeas is the parent company of Bill Desk. Bill Desk has 400+ employees and revenue of $132 Mn (2017-18). It was founded in the year 2000. Bill Desk is a private company.

Karthik Ganapathy, Ajay Murthy, and M.N Srinivasu are Co-founders of Bill Desk. 

After launching in the year 2000, Bill desk has raised a total of 241 million USD over 4 funding rounds.

The CEO of Bill desk is M.N Srinivasu.

Pine Labs is a fintech company that offers technology-based financial solutions for merchants and retailers. It has its headquarters in Noida, Uttar Pradesh, India. Pine Labs has 1400+ employees and a revenue of $43 Mn (2017-18). It was founded in the year 1998. Pine Labs is a private company. 

Rajul Garg and Tarun Upadhaya are the Co-founders of Pine Labs.

After launching in the year 1998, Pine Labs has raised a total of 340 million USD over 5 funding rounds.

The CEO of Pine Labs is Lokvir Kapoor.

Incred is a digital lending platform for consumers and SMB’s. It has its headquarters in Mumbai, Maharashtra, India. Incred has 600+ employees and a revenue of $18 Mn (2017-18). It was founded in the year 2016. Incred is a private company.

Bhupinder Singh is the Founder and CEO of Incred.

After launching in the year 2016, Incred has raised a total of 175 million USD over 2 funding rounds.

Mobikwik is a mobile payments company connecting consumers with merchants and online sellers. It has its headquarters in Gurgaon, Haryana, India. Mobikwik has 550+ employees and a revenue of $12 Mn (2017-8). It was founded in the year 2009. Mobikwik is a private company. 

Bipin Preet Singh and Upasana Taku are the Co-founders of Mobikwik.

After launching in the year 2009, Mobikwik has raised a total of 118 million USD over 8 funding rounds.

The CEO of Mobikwik is Bipin Preet Singh.

Razorpay is a digital payments technology company helping businesses of all sizes accept and manage payments from their customers. It has its headquarters in Bengaluru, Karnataka, India. Razorpay has 400+ employees and revenue of $4 Mn (2016-17). It was founded in the year 2014. Razorpay is a private company. 

Harshil Mathur and Shashank Kumar are the Co-founders of Mobikwik.

After launching in the year 2014, Razorpay has raised a total of 106 million USD over 5 funding rounds.

The CEO of Razorpay is Harshil Mathur.

Lendingkart provides business and working capital loans to small and medium businesses. It has its headquarters in Ahmedabad, Gujarat, India. Razorpay has 600+ employees and a revenue of $32 Mn (2017-18). It was founded in the year 2014. Lendingkart is a private company. 

Harshvardhan Lunia and Mukul Sachan are the Co-founders of Lendingkart.

After launching in the year 2014, Lendingkart has raised a total of 200 million USD over 10 funding rounds.

The CEO of Lendingkart is Harshvardhan Lunia.

Coverfox is a fintech company which aggregates insurance online and provides hassle-free insurance broking services. It has its headquarters in Mumbai, Maharashtra, India. Coverfox has 450+ employees and a revenue of $2 Mn (2017-18). It was founded in the year 2013. Coverfox is a private company. 

Devendra Rane and Varun Dua are the Co-founders of Lendingkart.

After launching in the year 2013, Coverfox has raised a total of 47 million USD over 4 funding rounds.

The CEO of Coverfox is Premanshu Singh.

Bankbazaar is an online marketplace that helps consumers compare financial products like loans, credit cards, insurance, mutual funds and more. It has its headquarters in Chennai, Tamil Nadu, India. Bankbazaar has 1000+ employees and a revenue of $17 Mn (2017-18). It was founded in the year 2008. Bankbaazar is a private company. 

Adhil Shetty, Arjun Shetty, and Rati Shetty are Co-founders of Bankbazaar

After launching in the year 2008, Bankbazaar has raised a total of 109 million USD over 4 funding rounds.

The CEO of Bankbazaar is Adhil Shetty.

PolicyBazaar is online life insurance and general insurance aggregator. It has its headquarters in Gurgaon, Haryana, India. Bankbazaar has 2500+ employees and a revenue of $21 Mn (2017-18). It was founded in the year 2008. Policybazaar is a private company. 

Yashish Dahiya, Avanish Nirjar, and Alok Bansal are Co-founders of PolicyBazaar

After launching in the year 2008, PolicyBazaar has raised a total of 346 million USD over 7 funding rounds.

The CEO of Bankbazaar is Yashish Dahiya.

Capital Float is a digital lending platform for Small and medium businesses. It has its headquarters in Bengaluru, Karnataka, India. Capital Float has 500+ employees and a revenue of $19 Mn (2017-18). It was founded in the year 2013. Capital Float is a private company. 

Gaurav Hinduja and Sashank Rishyasringa are Co-founders of Capital Float.

After launching in the year 2013, Capital Float has raised a total of 128 million USD over 9 funding rounds.

The CEO of Capital Float is Rajesh Viswanathan.

Ofbusiness lends working capital to small businesses. It has its headquarters in Gurgaon, Haryana, India. Ofbusiness has 200+ employees and a revenue of $31 Mn (2017-18). It was founded in the year 2015. Ofbusiness is a private company. 

Asish Mohapatra, Ruchi Kalra, Bhuvan Gupta, Nitin Jain and Vasant Sridhar are Co-founders of Ofbusiness.

After launching in the year 2015, Ofbusiness has raised a total of 49 million USD over 4 funding rounds.

The CEO of Ofbusiness is Asish Mohapatra

13. Mswipe

Mswipe is a leading POS payment solutions provider to merchants. It has its headquarters in Mumbai, Maharashtra, India. Mswipe has 1200+ employees and a revenue of $20 Mn (2016-17). It was founded in the year 2011. Mswipe is a private company. 

Manish Patel is the Founder and CEO of Mswipe

After launching in the year 2011, Ofbusiness has raised a total of 97 million USD over 8 funding rounds.

Paysense is a digital lending platform for personal and consumer loans. It has its headquarters in Mumbai, Maharashtra, India. Mswipe has 100+ employees It was founded in the year 2015. Paysense is a private company. 

Sayali Karanjkar and Prashanth Ranganathan are Co-founders of Paysense.

After launching in the year 2015, Ofbusiness has raised a total of 25 million USD over 3 funding rounds.

The CEO of Paysense is Prashanth Ranganathan

Sqrrl Fintech is a personal finance platform aimed at making savings and investment easy. It has its headquarters in Gurgaon, Haryana, India. Sqrrl has 20+ employees. It was founded in the year 2016. Sqrrl is a private company. 

Samant Sikka, Dhananjay Singh, and Sanjeev Sharma are Co-founders of Sqrrl Fintech.

After launching in the year 2016, Sqrrl Fintech has raised a total of 1 million USD over 1 funding round.

The CEO of Sqrrl Fintech is Samant Sikka.

16. KredX

KredX is an invoice discounting marketplace helping businesses gain access to working  capital. It has its headquarters in Bengaluru, Karnataka, India. KredX has 100+ employees It was founded in the year 2015. KredX is a private company. 

Manish Kumar, Puneet Agarwal and Anurag Jain are Co-founders of KredX.

After launching in the year 2015, Ofbusiness has raised a total of 7 million USD over 2 funding rounds.

The CEO of KredX is Manish Kumar

Faircent is the leading peer to peer (P2P) lending platform catering to retail and business loans. It has its headquarters in Gurgaon, Haryana, India. Faircent has 100+ employees It was founded in the year 2013. Faircent is a private company. 

Rajat Gandhi, Vinay Mathews and Nitin Gupta are Co-founders of Faircent.

After launching in the year 2013, Ofbusiness has raised a total of 10 million USD over 8 funding rounds.

The CEO of Faircent is Rajat Gandhi

PhonePe is a mobile payments app that lets users instantly transfer money and pay for purchases. It was acquired by Flipkart in 2016. It has its headquarters in Bengaluru, Karnataka, India. PhonePe has 1000+ employees and a revenue of $6 Mn (2017-18). It was founded in the year 2015. PhonePe is a private company. 

Sameer Nigam, Rahul Chari and Burzin Engineer are Co-founders of PhonePe.

After launching in the year 2015, PhonePe has raised a total of 430 million USD over 6 funding rounds.

The CEO of PhonePe is Sameer Nigam

Zerodha offers brokerage free equity investments and trading platform to retail investors. It has its headquarters in Mumbai, Maharashtra, India. Zerodha has 900+ employees and a revenue of $64 Mn (2017-18). It was founded in the year 2015. Zerodha is a private company. 

Nithin Kamath and Nikhil Kamath are Co-founders of Zerodha.

After launching in the year 2015, Zerodha has remained a bootstrapped venture.

The CEO of Zerodha is Nithin Kamath

20. Acko

Acko is an online Insurance service provider managing all operations via its digital platform. It has its headquarters in Mumbai, Maharashtra, India. Acko has 200+ employees and a revenue of $1 Mn (2017-18). It was founded in the year 2017. Acko is a private company. 

Varun Dua is the Founder and CEO of Acko.

After launching in the year 2017, Acko has raised 107 Million USD in 4 funding rounds.

Toffee insurance provides bite-sized insurances for consumers via its online platform . It has its headquarters in Gurgaon, Haryana, India. Toffee Insurance has 40+ employees. It was founded in the year 2017. Toffee Insurance is a private company. 

Nishant Jain and Rohan Kumar are Co-founders of Toffee Insurance.

After launching in the year 2017, Toffee Insurance has raised 1.6 Million USD in 2 funding rounds.

The CEO of Toffee Insurance is Rohan Kumar.

RedCarper Up is a technology platform that does instant identity validation and credit scoring for consumer loans . It has its headquarters in Gurgaon, Haryana, India. RedCarpet Up has 100+ employees. It was founded in the year 2015. RedCarpet Up is a private company. 

Abhay Tamaria, Kartik Venkataraman and Sandeep Srinivasa are Co-founders of RedCarpet Up

After launching in the year 2015, RedCarpet Up has raised 6.6 Million USD in 4 funding rounds.

The CEO of RedCarpet Up is Kartik Venkataraman.

Scripbox provides mutual fund investments via its online platform.  It has its headquarters in Bengaluru, Karnataka, India. Scripbox has 100+ employees and a revenue of $0.5 Mn (2016-17). It was founded in the year 2012. Scripbox is a private company. 

Ashok Kumar, Sanjiv Singhal and Nilakanta Mallick are Co-founders of Zerodha.

After launching in the year 2012, Scripbox has raised a total of 23.5 million USD over 3 funding rounds.

The CEO of Scripbox is Ashok Kumar

Zestmoney is a digital lending platform which provides the convenience of shopping online and paying EMI’s without the requirement of credit card. It has its headquarters in Bengaluru, Karnataka, India. ZestMoney has 200+ employees. It was founded in the year 2015. ZestMoney is a private company. 

Lizzie Chapman, Priya Sharma and Ashish Anantharaman are Co-founders of ZestMoney.

After launching in the year 2015, ZestMoney has raised a total of 42 million USD over 5 funding rounds.

The CEO of ZestMoney is Lizzie Chapman.

Loantap is a fintech platform that offers flexible loan products to salaried professionals. It has its headquarters in Pune, Maharashtra, India. Loantap has 50+ employees. It was founded in the year 2016. Loantap is a private company. 

Satyam Kumar and Vikas Kumar are Co-founders of Loantap.

After launching in the year 2016, Loantap has raised a total of 21 million USD over 4 funding rounds.

The CEO of Loantap is Satyam Kumar.

26. Ezetap

Ezetap provides end to end payment platform for small, medium and enterprise businesses. It has its headquarters in Bengaluru, Karnataka, India. Loantap has 200+ employees and a revenue of $7 Mn (2017-18). It was founded in the year 2011. Ezetap is a private company. 

Abhijit Bose, Bala Parthasarathy, Bhaktha Keshavachar, Sanjay Swamy and Shripati Acharya are Co-founders of Loantap.

After launching in the year 2011, Ezetap has raised a total of 51 million USD over 5 funding rounds.

The CEO of Ezetap is Abhijit Bose.

EarlySalary is an online lending platform that offers instant cash to salaried professionals. It has its headquarters in Pune, Maharashtra, India. EarlySalary has 100+ employees. It was founded in the year 2015. EarlySalary is a private company. 

Akshay Mehrotra and Ashish Goyal are Co-founders of EarlySalary.

After launching in the year 2015, EarlySalary has raised a total of 23 million USD over 5 funding rounds.

The CEO of EarlySalary is Akshay Mehrotra.

Instamojo provides an online payment gateway solution to businesses. It has its headquarters in Bengaluru, Karnataka, India. Instamojo has 100+ employees and a revenue of $1 Mn (2016-17). It was founded in the year 2012. Instamojo is a private company. 

Akash Gehani, Aditya Sengupta, Sampad Swain, and Harshad Sharma are Co-founders of Instamojo.

After launching in the year 2012, Instamojo has raised a total of 10 million USD over 5 funding rounds.

The CEO of Instamojo is Sampad Swain.

29. Kissht

Kissht is a financial technology company that enables instant, seamless credit for consumers to make purchases at digital points of sale. It has its headquarters in Mumbai, Maharashtra, India. Kissht has 200+ employees. It was founded in the year 2015. Kissht is a private company. 

Krishnan Vishwanathan is the Founder and CEO of Kissht.

After launching in the year 2015, Kissht has raised a total of 49 million USD over 6 funding rounds.

KrazyBee is India's largest student credit platform, where college students can purchase online, and payback later via flexible monthly payments. It has its headquarters in Bengaluru, Karnataka, India. Instamojo has 200+ employees. It was founded in the year 2016. Krazybee is a private company. 

 Karthikeyan Krishnaswamy, Madhusudan Ekambaram, Wan Hong are Co-founders of Krazybee

After launching in the year 2016, Krazybee has raised a total of 27 million USD over 4 funding rounds.

The CEO of Krazybee is Madhusudan Ekambaram

Neogrowth lends unsecured business loans to SME’s via its digital platform. It has its headquarters in Mumbai, Maharashtra, India. NeoGrowth has 400+ employees and a revenue of $34 Mn (2017-18). It was founded in the year 2013. NeoGrowth is a private company. 

Dhruv Khaitan and Piyush Khaitan are Co-founders of NeoGrowth.

After launching in the year 2013, NeoGrowth has raised a total of 90 million USD over 4 funding rounds.

The CEO of NeoGrowth is Arun Nayyar.

Payswiff provides omnichannel electronic payments solutions for SME’s and Enterprises. It has its headquarters in Hyderabad, Telangana, India. Payswiff has 200+ employees and a revenue of $14 Mn (2017-18). It was founded in the year 2013. Payswiff is a private company. 

Priti Shah, Ravi Kiran, Anil Bharadwaj, Krishna Kishore and Maulik are Co-founders of Payswiff.

After launching in the year 2013, Payswiff has raised a total 2.5 million USD over 1 funding round.

The CEO of Payswiff is Priti Shah.

Slicepay offers payment card with pre-approved credit line for 18-29 age range consumers. It has its headquarters in Bengaluru, Karnataka, India. Slicepay has 200+ employees. It was founded in the year 2015. Slicepay is a private company. 

Deepak Malhotra and Rajan Bajaj are Co-founders of Slicepay.

After launching in the year 2015, Slicepay has raised a total of 17 million USD over 4 funding rounds.

The CEO of Slicepay is Rajan Bajaj.

Suvidhaa provides utility bill payments, loans and mutual funds services through its website and apps. It has its headquarters in Mumbai, Maharashtra, India. Suvidhaa has 200+ employees. It was founded in the year 2007. Suvidhaa is a private company. 

Paresh Rajde is the Founder and CEO of Suvidhaa.

After launching in the year 2007, Suvidhaa has raised a total of 19 million USD over 4 funding rounds.

ClearTax helps business and consumers with tax compliance and mutual fund investments. It has its headquarters in Bengaluru, Karnataka, India. ClearTax has 600+ employees. It was founded in the year 2010. ClearTax is a private company. 

Archit Gupta, Ankit Solanki and Srivatsan Chari are Co-founders of ClearTax.

After launching in the year 2010, ClearTax has raised a total of 65 million USD over 6 funding rounds.

The CEO of ClearTax is Archit Gupta.

Cashe is a digital lending platform providing quick and easy personal loans to consumers. It has its headquarters in Mumbai, Maharashtra, India. Cashe has 50+ employees. It was founded in the year 2016. Cashe is a private company. 

V. Raman Kumar is the founder of Cashe.

After launching in the year 2016, Cashe has raised a total of 7 million USD over 3 funding rounds.

The CEO of Cashe is Ketan Patel.

Cointribe is a digital lending platform providing business loans. It has its headquarters in Gurgaon, Haryana, India. Cointribe has 100+ employees. It was founded in the year 2015. Cointribe is a private company. 

Amit Sachdev, Manish Chaudhari and Rohit Lohia are Co-founders of Cointribe.

After launching in the year 2015, Cointribe has raised a total of 15 million USD over 2 funding rounds.

The CEO of Cointribe is Amit Sachdev.

CreditVidya is provider of credit scoring technology to NBFC’s and Banks. It has its headquarters in Hyderabad, Telangana, India. CreditVidya has 100+ employees. It was founded in the year 2012. CreditVidya is a private company. 

Abhishek Agarwal and Rajiv Raj are Co-founders of CreditVidya.

After launching in the year 2012, CreditVidya has raised a total of 10 million USD over 3 funding rounds.

The CEO of CreditVidya is Abhishek Agarwal.

39. Fisdom

Fisdom is a mobile app that makes mutual funds investments easy for consumers. It has its headquarters in Bengaluru, Karnataka, India. Fisdom has 50+ employees. It was founded in the year 2015. Fisdom is a private company. 

Anand Dalmia, Ramganesh Iyer and Subramanya S.V. are Co-founders of Fisdom.

After launching in the year 2015, Fisdom has raised a total of 5.5 million USD over 4 funding rounds.

The CEO of Fisdom is Subramanya SV.

FlexiLoans.com is an online lending platform for businesses. It has its headquarters in Mumbai, Maharashtra, India. FlexiLoans.com has 100+ employees. It was founded in the year 2016. FlexiLoans.com is a private company.

Abhishek Kothari, Deepak Jain, Manish Lunia, and Ritesh Jain are Co-founders of FlexiLoans.com

After launching in the year 2016, FlexiLoans.com has raised a total of 22 million USD over 2 funding rounds.

41. FtCash

FtCash empowers small businesses, retailers and home-based entrepreneurs by helping them collect payments via mobile. It has its headquarters in Mumbai, Maharashtra, India. FtCash has 50+ employees. It was founded in the year 2015. FtCash is a private company. 

Vaibhav Lodha, Sanjeev Chandar and Deepak Kothari are Co-founders of FtCash.

After launching in the year 2015, FtCash has raised a total of 10 million USD over 4 funding rounds.

The CEO of FtCash is Vaibhav Lodha.

42. Simpl

Simpl lets users pay easily via a single app for multiple and repeat orders. It has its headquarters in Mumbai, Maharashtra, India. Simpl has 100+ employees. It was founded in the year 2015. Simpl is a private company. 

Nitya Sharma and Chaitra Chidanand are Co-founders of Simpl.

After launching in the year 2015, Simpl has raised a total of 2.5 million USD over 2 funding rounds.

The CEO of Simpl is Nitya Sharma.

Indialends is a digital lending marketplace for personal loans and credit cards. It has its headquarters in Gurgaon, Haryana, India. Instamojo has 200+ employees. It was founded in the year 2014. Indialends is a private company. 

Gaurav Chopra and Mayank Kachhwaha are Co-founders of Indialends.

After launching in the year 2014, Indialends has raised a total of 15 million USD over 4 funding rounds.

The CEO of Indialends is Gaurav Chopra.

Juspay provides payment processing platform for online merchants . It has its headquarters in Bengaluru, Karnataka, India. Juspay has 100+ employees. It was founded in the year 2012. Juspay is a private company. 

Ramanathan RV and  Vimal Kumar are Co-founders of Juspay.

After launching in the year 2012, Juspay has raised a total of 6 million USD over 1 funding round.

The CEO of Juspay is Vimal Kumar.

Moneytap provides personal line of credit through its digital lending platform. It has its headquarters in Bengaluru, Karnataka, India. Instamojo has 100+ employees. It was founded in the year 2015. Moneytap is a private company. 

Anuj Kacker, Bala Parthasarathy and Kunal Varma, are Co-founders of Moneytap.

After launching in the year 2015, Moneytap has raised a total of 12 million USD over 1 funding round.

The CEO of Instamojo is Bala Parthasarathy.

Money View helps consumers with personal loans and money management via its mobile apps. It has its headquarters in Bengaluru, Karnataka, India. Money View has 100+ employees. It was founded in the year 2014. Money View is a private company. 

Puneet Agarwal and Sanjay Agarwal are Co-founders of Money View.

After launching in the year 2014, Money View has raised a total of 10 million USD over 2 funding rounds.

The CEO of Money View is Puneet Agarwal.

Namaste credit is a digital lending platform for personal and business loans. It has its headquarters in Bengaluru, Karnataka, India. Namaste credit has 100+ employees. It was founded in the year 2014. Namaste Credit is a private company. 

Gaurav Anand, Krishnan Parameswaran and Lucas Bianchi are Co-founders of Namaste Credit.

After launching in the year 2014, Namaste Credit has raised a total of 4 million USD over 1 funding round.

The CEO of Namaste Credit is Gaurav Anand.

48. Signzy

Signzy builds technology that makes regulatory process for Banks, NBFC’s and other FI’s easy and hassle free. It has its headquarters in Bengaluru, Karnataka, India. Signzy has 50+ employees. It was founded in the year 2015. Signzy is a private company. 

Ankit Ratan, Ankur Pandey and Arpit Ratan are Co-founders of Signzy.

After launching in the year 2015, Signzy has raised a total of 4 million USD over 2 funding rounds.

The CEO of Signzy is Ankur Pandey.

Rubique helps consumers and businesses get loans and credit cards via its AI powered digital lending platform. It has its headquarters in Mumbai, Maharashtra, India. Rubique has 200+ employees and a revenue of $4 Mn (2017-18). It was founded in the year 2014. Rubique is a private company. 

Manav Jeet, Salil Kulkarni, Sheetal Mayekar and Sumeru Shah are Co-founders of Rubique.

After launching in the year 2014, Rubique has raised a total of 10 million USD over 3 funding rounds.

The CEO of Rubique is Manav Jeet.

Smallcase provides low investment products to consumers for equity investing. It has its headquarters in Bengaluru, Karnataka, India. Smallcase has 50+ employees. It was founded in the year 2015. Smallcase is a private company. 

Anugrah Shrivastava, Rohan Gupta and Vasanth Kamath are Co-founders of Smallcase.

After launching in the year 2015, Smallcase has raised a total of 8 million USD over 1 funding round.

The CEO of Smallcase is Vasanth Kamath.

We will continue to update this list.