FinTech companies in India are reshaping the financial landscape by leveraging technology to deliver innovative, efficient, and user-friendly financial services. Supported by initiatives like Digital India and UPI, the FinTech sector is witnessing rapid adoption across urban and rural areas alike. These companies are not only empowering consumers and businesses but also driving economic growth and financial literacy. India’s FinTech revolution is setting a global example of how technology can transform traditional financial systems.
Top 15 FinTech Companies in India
From digital payments and mobile banking to lending platforms, investment tools, and insurance tech, these firms are making financial services more accessible, inclusive, and transparent.
1. Paytm
Paytm is one of India’s leading digital payment and financial services platforms, widely recognized for revolutionizing the way people transact and manage money. Launched in 2009 by One97 Communications, Paytm started as a mobile recharge and bill payment app but has since evolved into a comprehensive financial ecosystem.
The app enables users to perform a variety of tasks such as mobile recharges, utility bill payments, booking movie and travel tickets, online shopping, and transferring money via UPI, wallet, or bank accounts.
- Website – paytm.com
- Headquarters – One Skymark, Sector 98, Noida, UP 201304, India
- Employees – 43,960
- Total Funding – IPO ₹8,119.4 cr (US $1 billion); recent $246 M block trade by Ant
- Investors – Vijay S. Sharma (9%); Saif Partners (10.8%); Resilient AM (10.3%); Antfin (9.9%)
- Institutional Shareholding – Domestic MF ~14%; FPIs ~21%; Total institutional 69%
2. PhonePe
PhonePe is a widely used digital payments and financial services app in India, built on the Unified Payments Interface (UPI) system. Launched in 2016, the app has quickly become one of the country’s most trusted platforms for seamless money transfers, bill payments, mobile recharges, and online as well as offline purchases. With its user-friendly design and multilingual support, PhonePe caters to a diverse population across urban and rural India.
Users can link their bank accounts to the app and perform real-time transactions directly from their smartphones. PhonePe eliminates the need for a digital wallet by facilitating instant bank-to-bank payments via UPI, though it also offers a wallet option for added flexibility. It supports payments to over 30 million merchants across India, making it a highly accessible tool for day-to-day financial activities.
- Website – phonepe.com
- Headquarters – Bengaluru, Karnataka, India
- Employees –16,200+
- Total Funding – $2.1 billion
- Valuation – $12 billion (pre‑IPO), targeting $15B at IPO
- Major Investors – Walmart, General Atlantic, Tiger Global, Ribbit, TVS, Microsoft, Tencent, Qatar Investment Authority
- Annual Revenue FY25 – ₹5,064 crore (₹50B; +74% YoY)
- Profit FY25 – ₹1.97 billion (first year of profitability)
- Users / Merchants – 590–600 M users; 40 M merchants
3. Razorpay
Razorpay is a powerful digital payments and business banking app designed to simplify financial operations for Indian businesses. Founded in 2014, it enables seamless acceptance of payments through UPI, credit/debit cards, net banking, and wallets. The app offers a clean dashboard to manage transactions, issue refunds, and access insightful analytics. With RazorpayX, users can automate payroll, handle vendor payments, and open smart current accounts.
Razorpay Capital supports business growth through fast, collateral-free loans. Known for its robust security and developer-friendly APIs, Razorpay is trusted by startups and enterprises alike to streamline payments and financial workflows in a single platform.
- Website – razorpay.com
- Headquarters – Bengaluru, India (Adugodi, Bengaluru 560030)
- Employees – 3900-4000
- Total Funding – $742 million (Series F: $375M at $7.5B valuation)
- Major Investors – Lone Pine Capital, Alkeon Capital, TCV, Tiger Global, Sequoia Capital India, GIC, Y Combinator
- Annual TPV – $180 billion
4. BharatPe
BharatPe is a fast-growing FinTech app in India that provides digital payment and financial solutions for small and medium-sized merchants. Founded in 2018, it allows businesses to accept UPI payments through a universal QR code, supporting seamless, zero-cost transactions. The app also offers features like loan facilities, credit lines, transaction summaries, and voice alerts to streamline merchant operations. With instant settlement options and an easy-to-navigate interface, BharatPe helps offline businesses go digital without hassle.
Backed by strong technology and a wide merchant network, BharatPe is revolutionizing retail finance and contributing significantly to India’s digital economy and financial inclusion efforts.
- Website – Bharatpe.com
- Headquarters – New Delhi, India
- Employees – 3500
- Equity Funding – $583 M
- Debt Funding – $200 M+
- Investors – Peak XV, Tiger Global, Ribbit, Insight, Sequoia India, Coatue, etc. + debt lenders
- Revenue FY25 – ₹1,787.8 crore
- Merchant Base – 13 M merchants = 450M UPI txns/month, ₹1.7 lakh crore annual payments
5. Policybazaar
Policybazaar is a popular Indian insurance and financial services app that helps users compare and buy various insurance plans, like health, life, car, and travel insurance from leading providers. The app offers real-time premium quotes, detailed plan comparisons, and secure digital policy storage. Users can also renew existing policies, track claims, and get expert support directly through the platform.
Designed for simplicity and ease of use, Policybazaar empowers individuals to make well-informed financial decisions. With a wide range of options and transparent pricing, it serves as a one-stop solution for managing insurance needs and ensuring financial protection for individuals and families.
- Website – policybazaar.com
- Headquarters – Plot 119, Sector 44, Gurugram, Haryana 122001, India
- Employees – 23,800
- Total Funding – $1.34 billion cumulative
- Last Funding – Post‑IPO round on 14 Oct 2017 for US $7.69 million
- Investors – SoftBank Vision Fund, Info Edge, Intel Capital, Inventus, Tiger Global, True North, Premji, Alpha Wave, Chiratae
6. Groww
Groww is a popular Indian investment platform that offers a simple and transparent way for individuals to invest in financial products. Launched in 2016, the app allows users to invest in stocks, mutual funds, IPOs, ETFs, digital gold, and US equities through an easy-to-use interface.
It supports paperless onboarding, with fast KYC using Aadhaar and PAN, making it ideal for first-time investors. The platform charges zero fees for mutual funds and applies minimal brokerage for stock trading, keeping costs low. Groww also emphasizes investor education with its in-app resources, blogs, and tutorials that help users make informed financial decisions.
- Website – groww.com
- Headquarters – Bengaluru, Karnataka, India
- Employees – 3400-3500
- Equity Funding – $393 M
- Valuation – $7 billion post-Series F/pre‑IPO
- Major Investors – ICONIQ Growth, GIC, Tiger Global, Ribbit, Peak XV Partners, YC Continuity
- Revenue FY25 – ₹4,056 crore
- Profit FY25 – ₹1,819 crore
7. Cred
CRED is a premium Indian fintech app designed to reward users for timely credit card bill payments. Available to individuals with a high credit score (typically above 750), the app offers a seamless way to manage multiple credit cards while earning CRED Coins that can be redeemed for exciting deals, products, and experiences. More than just a bill payment tool, CRED provides smart financial features such as CRED Cash (instant credit), CRED Mint (peer-to-peer lending), and RentPay (pay rent via credit cards).
CRED also enables users to monitor their credit scores, get bill reminders, and access exclusive lifestyle benefits. Its elegant user interface, minimal fees, and focus on user experience have made it popular among India’s urban millennials and professionals.
- Website – Cred.club
- Headquarters – Bengaluru, Karnataka India
- Employees – 800
- Total Funding – $942 million across 11 rounds
- Major Investors – GIC, QED Innovation Labs, Sofina, RTP Global, Lathe, Tiger Global, DST Global, Peak XV, Ribbit, Coatu e, etc.
- Valuation Trends – $6.4 B (2022) – $3.5 B (2025 down round)
8. Zerodha
Zerodha’s Kite app is a feature-rich trading platform designed to offer a smooth and reliable experience for stock market enthusiasts in India. Built with a minimalistic and modern UI, it supports live trading in equities, F&O, commodities, and currencies across NSE, BSE, and MCX. The app allows users to monitor markets through real-time charts, access over 100 indicators, and set personalized watchlists for up to 100 instruments.
Kite offers various order types, including GTT (Good Till Triggered), cover orders, and bracket orders, to manage risk and automate trades efficiently. Users can fund their accounts using UPI or net banking and track portfolios through its integrated Console platform. Security is reinforced with biometric login and two-factor authentication. Trusted by millions of traders, Kite is praised for its low brokerage charges, high-speed execution, and powerful tools are making it a preferred choice for both beginners and advanced investors seeking control and transparency.
- Website – zerodha.com
- Headquarters – Bengaluru, Karnataka, India
- Employees – 1,682
- Valuation – $3.7 billion (self-estimated)
- Ownership – 100% Kamath Family
- Revenue FY25 – ₹9,994 crore
- Profit FY25 – ₹5,496 crore
9. Lendingkart
Lendingkart is a prominent digital lending platform in India that empowers small and medium enterprises (SMEs) by offering instant, collateral-free business loans. Designed for convenience and speed, the Lendingkart app enables entrepreneurs to apply for loans online with minimal documentation. The platform utilizes advanced data analytics, machine learning, and artificial intelligence to assess creditworthiness, allowing for rapid approvals and disbursements often within 72 hours.
Lendingkart’s app is intuitive, providing real-time application tracking, easy EMI schedules, and support across more than 4,000 cities in India. Its NBFC arm, Lendingkart Finance, has disbursed over $1.7 billion to 230,000+ businesses, making it one of India’s largest MSME-focused lenders. The company is backed by renowned investors like Fullerton Financial Holdings, Bertelsmann India, and India Quotient. With its tech-driven processes, transparent policies, and a mission to support underserved businesses, Lendingkart continues to reshape access to credit in India’s small business ecosystem.
- Website – lendingkart.com
- Headquarters – Ahmedabad Gujarat, India
- Employees – 250-500
- Total Funding – $260M–$326M across 30+ rounds
- Major Investors – Fullerton Financial Holdings, Bertelsmann India Investments, Mayfield, Saama, Sistema Asia, Darrin Capital India Quotient, and others
10. Pine Labs
Pine Labs offers smart digital payment solutions through its innovative merchant apps Pine Labs One and AllTap. These apps are designed to simplify financial transactions and business operations for retailers, SMEs, and mobile merchants across India. Pine Labs One is an all-in-one management tool for Android-based PoS users, enabling seamless payment acceptance, EMI processing, inventory tracking, customer loyalty programs, and real-time transaction monitoring all from a single interface with secure login features.
On the other hand, AllTap transforms any NFC-enabled smartphone into a mobile PoS system, allowing small businesses and street vendors to accept debit and credit card payments without any additional device. Fully compliant with card network security standards, AllTap brings formal digital finance to the informal sector.
- Website – pinelabs.com
- Headquarters – Noida, Uttar Pradesh and registered in Gurugram, Haryana, India
- Employees – 3,638
- Total Funding – $1.32–1.36 B across 14 rounds
- Valuation – $5 billion
- Investors – Peak XV, Fidelity, Vitruvian, PayPal, Temasek, Actis, Alpha Wave, Invesco, SBI, BlackRock, Lone Pine, and many others
- Revenue FY25 – ₹1,273.9 crore
- Net Profit FY25 – ₹26 crore
- IPO Plans – Fresh raise up to ₹2,600 crore plus offering sale, DRHP filed June 2025
11. Mobikwik
Mobikwik is a leading Indian digital financial services platform that offers a comprehensive range of products, including mobile wallets, UPI payments, Buy Now Pay Later (BNPL), credit cards, and insurance. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the platform initially started as a mobile recharge and bill payment app but quickly evolved into a full-fledged fintech ecosystem.
Mobikwik caters to both individual users and merchants, enabling seamless digital transactions across India. With a strong focus on financial inclusion, it provides small-ticket credit and flexible payment solutions to underserved segments. Mobikwik also supports businesses with payment gateway solutions. Backed by investors such as Sequoia Capital and Bajaj Finance, Mobikwik continues to scale its reach, combining ease of use, security, and speed to empower digital financial access across the country.
- Website – mobikwik.com
- Headquarters – Gurugram, Haryana, India
- Employees – 1,350
- Total Funding – $265–268 million
- Major Investors – Sequoia Capital India, Bajaj Finance, American Express Ventures, Net1
- Revenue FY25 – ₹1,192.5 crore
- Net Profit/Loss FY25 – Loss of ₹122.6 crore
- User/Merchant Base- 176 million users & 4.6 million merchants
12. ETMoney
ETMoney (by Times Internet, now part of 360 One WAM) is a comprehensive financial management and investment platform tailored for Indian users. Launched in 2015 as Smartspends, the app evolved into an all-in-one hub offering zero-commission direct mutual funds, SIPs, National Pension Scheme (NPS), insurance comparison and purchase, fixed deposits, and instant micro-loans via its Loan Pass feature. It features paperless onboarding with video‑KYC, Aadhaar-based SIP setup, and automatic UPI integration.
The app’s AI-powered spend tracker auto-categorizes SMS-based transaction data, enabling users to visualize expenses and optimize savings effortlessly. Its Smart Assist tool suggests tailored funds based on investment goals and risk appetite. ETMoney also allows seamless switching of existing regular plans to direct funds and provides personalized advisory through its Genius subscription. With an intuitive interface, robust security, and no hidden fees, ETMoney offers a user-friendly platform for managing expenses, investing, and building financial wellness all within one app
- Website – etmoney.com
- Headquarters – Gurugram, Haryana, India
- Employees – 200-250
- Acquisition Value – ₹366 crore in June 2025
- Major Investors – 100% owned by 360 ONE WAM (publicly listed, backed by GA, Bain)
- AUM – ₹28,000 crore
- Advisory Clients – 76,000 users, ₹1,200 crore AUM
13. Navi Technologies
Navi is a fully digital financial super-app founded in 2018 by Sachin Bansal and Ankit Agarwal, aimed at simplifying personal banking, lending, insurance, and investments. With a 100% paperless process, users can apply for personal loans up to ₹20 lakh and home loans in a few minutes through Navi’s intuitive interface, with zero prepayment or processing fees.
The app also enables direct mutual fund investments with zero commissions, health insurance, digital gold, and its own UPI payments platform, all fully integrated and compliant with RBI and IRDAI regulations. Navi stands out for its seamless onboarding, fast disbursals, and transparent loan management. The UPI feature includes rewards on transactions, while customers benefit from advance credit and holistic portfolio tracking.
- Website – navi.com
- Headquarters – Bengaluru, Karnataka, India
- Equity Funding – 100% Self-funded
- Debt Funding – ₹170 crore
- Ownership – 98% Sachin Bansal, remainder held by co-founder Ankit Agarwal
- Major Investors – 100% owned by 360 ONE WAM (publicly listed, backed by GA, Bain)
- Revenue FY25 – ₹2,271.2 crore
- Net Profit FY25 – ₹221.9 crore
14. Instamojo
Instamojo is a user-friendly digital commerce platform designed to empower micro, small, and medium business owners across India. Launched in 2012, the app allows merchants to create online stores, share customizable payment links, sell digital and physical products, and manage logistics to all from one intuitive interface. With seamless integration for over 100 payment modes including credit/debit cards, net banking, wallets, and UPI, users can begin accepting payments without technical setup or hidden charges, paying a simple flat fee of about 2% per transaction. Instamojo further supports business growth with built-in tools for email marketing, order tracking, invoicing, and inventory management. Its mojoXpress shipping feature simplifies logistics, while mojoCapital offers small ticket working capital loans to eligible sellers. Trusted by over 300,000 MSMEs and startups, Instamojo enables entrepreneurs to go digital affordably and securely, with features like PCI-DSS compliance and automated settlement—all built with affordability, simplicity, and scale in mind.
- Website – instamojo.com
- Headquarters – Bengaluru, Karnataka, India
- Employees – 130-150
- Total Funding – $8.4 million
- Top Investors – Kalaari, Blume Ventures, 500 Startups, AnyPay, Gunosy, Mastercard, Times Internet
- Annual – $22-23 million
15. Cashfree Payments
Cashfree Payments is a premier Indian fintech platform offering comprehensive payment and banking infrastructure for businesses. Founded in 2015 and headquartered in Bengaluru, it enables over 600,000 to 800,000 clients to manage collections, payouts, and marketplace settlements through seamless API integration. Its payment gateway supports 180+ payment modes including UPI, cards, wallets, BNPL, and instant refunds, alongside advanced features like payment orchestration via its proprietary FlowWise platform, which intelligently routes transactions across gateways to optimize success and reduce costs.
Cashfree’s Payouts API facilitates instant bulk disbursals to vendors, employees, and customers, while eNACH automates recurring payments. With developer‑friendly SDKs and plugins for platforms like Shopify and WooCommerce, merchants benefit from 24×7 settlements, intuitive onboarding, and real-time reconciliation. Backed by investors including State Bank of India, Apis Partners, and Korean gaming firm Krafton, Cashfree raised US $53M in early 2025 to fuel international expansion and product innovation. Highly rated for uptime and support, it’s a trusted choice for scaling businesses.
- Website – cashfree.com
- Headquarters – Bengaluru, Karnataka, India
- Employee – 800-900
- Total Funding – $53 M Series C + $44 M prior = US $97 M+
- Valuation – $700 million
- Revenue FY25 – ₹1,000 crore+
- Net Loss FY25 – ₹135 crore
Conclusion
- India’s FinTech ecosystem has rapidly evolved into one of the world’s most dynamic and diverse landscapes, driven by digital innovation, strong investor interest, and rising financial inclusion. The top 15 FinTech companies in India is ranging from pioneers like Paytm and PhonePe to disruptors like Razorpay, Groww, and CRED are redefining how people transact, invest, insure, and access credit. These companies are not only transforming the financial lives of millions but also contributing to India’s digital economy and global FinTech leadership.
- As regulations mature and emerging technologies like AI and blockchain reshape financial services, these FinTech leaders are well-positioned to innovate further, scale sustainably, and bridge critical gaps in the traditional financial system. Together, they embody a shift toward smarter, faster, and more accessible financial solutions for all.
