Top 10 FinTech Companies in India

India’s FinTech industry has emerged as one of the most dynamic and fast-growing sectors in the world, revolutionizing how individuals and businesses manage money. With the rise of smartphones, increased internet penetration, and supportive government policies like Digital India and UPI, FinTech companies are delivering seamless, secure, and innovative financial solutions.  

From digital payments and personal finance to lending, insurance, and investments, these platforms are reshaping the financial landscape by making services more accessible and inclusive. This list highlights the top 10 FinTech companies in India that are driving this digital revolution and setting new benchmarks in financial technology. 

Table of Contents 

1. Paytm 
2. PhonePe 
3. Razorpay 
4. BharatPe 
5. Policybazaar 
6. Groww 
7. Cred 
8. Zerodha 
9. Lendingkart 
10. Pine Labs

1. Paytm 

• Paytm is a pioneering FinTech app in India that offers a wide range of digital payment and financial services, making everyday transactions fast, easy, and secure. Founded in 2009, Paytm began as a platform for mobile recharges and bill payments but quickly expanded into a multifunctional financial ecosystem.  

• One of its standout features is the Paytm Wallet, which facilitates quick and convenient digital payments across various platforms. With the launch of Paytm Payments Bank, users can now open savings accounts, access digital debit cards, and enjoy zero-balance banking. The app also offers investment services through Paytm Money, enabling users to invest in mutual funds, stocks, and digital gold. 

2. PhonePe 

• PhonePe is one of India’s leading digital payments platforms, offering a seamless and secure way to make transactions using the Unified Payments Interface (UPI). Launched in 2016, PhonePe has revolutionized how people pay, enabling users to send and receive money instantly, pay utility bills, recharge mobile phones, buy insurance, invest in mutual funds, and shop online or offline for all from a single app.  

• Its intuitive interface, multilingual support, and strong integration with over 3 crore merchants across India make it widely accessible and user-friendly. The app supports bank-to-bank transfers without needing a wallet, allowing users to link their bank accounts directly and transact with just a few taps.  

3. Razorpay 

• Razorpay is a leading FinTech platform in India that offers seamless payment and banking solutions for businesses of all sizes. Launched in 2014, the app allows merchants to accept payments via UPI, cards, net banking, and wallets. It also provides real-time tracking, refunds, and analytics through a user-friendly dashboard.  

• Beyond payments, Razorpay offers automated banking features like payroll, vendor payouts, and current accounts. Razorpay Capital enables quick access to working capital loans. Trusted by millions of businesses, Razorpay combines powerful APIs, security, and scalability to streamline financial operations and empower digital growth across India’s dynamic business ecosystem. 

4. BharatPe 

• BharatPe is a leading Indian FinTech app designed to empower small and medium businesses with easy-to-use digital payment and financial services. Launched in 2018, it enables merchants to accept UPI payments for free using a single QR code, eliminating the need for multiple payment apps.  

• The app also offers merchant loans, daily settlement, and expense tracking, all in one place. With features like voice notifications, transaction history, and quick access to working capital, BharatPe simplifies financial management for offline retailers. Trusted by millions, BharatPe is helping digitize India’s merchant ecosystem and promote financial inclusion at the grassroots level. 

5. Policybazaar 

• Policybazaar is India’s leading insurance comparison and purchasing app, enabling users to compare and buy life, health, motor, travel, and investment products (like ULIPs and term plans) from multiple insurers. It offers instant quotes, policy management, and renewal options, helping users save on premiums through informed choices.  

• Additional app features include tools like hospital and cashless garage locators, personalized dashboards for managing policies, claim assistance, and insightful articles for financial education. The user-friendly interface, shortlist comparison, and scheduling callbacks for expert guidance make it an efficient and trusted platform for insurance discovery and management. 

6. Groww 

• Groww is a modern, user‑friendly investment platform designed in 2016 and headquartered in Bengaluru, India. Originally launched as a direct mutual fund service, it now supports investing in stocks (NSE/BSE), IPOs, ETFs, digital gold, US stocks, fixed deposits, and NPS all via a clean mobile and web interface.  

• Registration is paperless, requiring PAN, Aadhaar, and a selfie-based KYC. Users benefit from zero account opening fees and no annual maintenance charges, while brokerage is capped at ₹20 or 0.05% per trade, with mutual funds free of commissions. 

• The app emphasizes education and transparency, featuring Groww Academy, blogs, tutorials, insightful portfolio-tracking tools, and capital gains reports. A standout improvement in July 2025 allows mutual fund units to be held in demat format, enhancing transparency and simplified tracking.  

• Reddit users often praise the platform for ease of use but report limitations for advanced traders and occasional customer support delays. Whether for first-time investors or seasoned users seeking simplicity, Groww offers a comprehensive, secure, and largely commission-free investment experience. 

7. Cred 

• Launched in 2018 and based in Bengaluru, CRED is an exclusive, members‑only fintech platform that rewards users who have credit scores above 750 for on‑time credit card bill payments. Through the app, members earn CRED Coins redeemable for curated offers, cashback, luxury brand experiences, and access to premium services. 

• Beyond bill payments, CRED offers features like RentPay (pay rent via credit card), CRED Cash (instant personal credit lines), CRED Mint (P2P lending), and CRED Pay for merchant Transactions are all integrated with tools to track credit scores and spending patterns. 

• The app positions itself as a financial lifestyle platform, blending gamification and financial discipline, with over 11 million users and growing monthly active engagement. While users appreciate its clean UI and streamlined bill management, feedback on rewards has been mixed, with some citing diminishing cashback quality 

8. Zerodha 

• Zerodha’s mobile app, Kite, delivers a powerful and intuitive trading experience tailored for all types of investors. Developed in‑house, Kite supports trading across equity, derivatives (F&O), commodity, and currency markets in real-time.  

• The sleek interface enables users to execute trades instantly from advanced chart views and fully customizable watchlists with up to 100 scripts. It also offers a suite of order types of bracket orders, cover orders, GTT, AMO, and more to help users manage risk and time trades proactively. 

• Seamless fund management through UPI and net banking, plus real-time portfolio insights via Zerodha Console, make trading holistic and efficient. Security is strong, with biometric login, two-factor authentication, and encrypted infrastructure. Highly regarded in Reddit communities for speed, reliability, and minimal fees, it’s ideal for pro traders who value tech-first execution. 

9. Lendingkart 

• Lendingkart is a leading Indian digital lending platform providing fast, collateral-free working capital loans to micro, small, and medium enterprises (MSMEs). Founded in 2014, Lendingkart leverages proprietary AI, big-data, and machine learning tools.  

• Lendingkart Finance, its NBFC arm, has disbursed over USD 1.7 billion to more than 230,000 MSMEs across 4,000+ Indian cities. Supported by equity investors like Fullerton Financial Holdings (Temasek), Bertelsmann India Investments, Mayfield India, Saama Capital, Sistema Asia, and India Quotient, Lendingkart combines technology and tailored underwriting to serve underserved small businesses. The app is well-regarded in forums like Reddit for its rapid MSME loan access and customer-centric focus 

10. Pine Labs 

• Pine Labs provides two key merchant-focused apps: Pine Labs One and AllTap. Pine Labs One, designed for merchants using Pine Labs Android PoS terminals, offers a unified dashboard for managing transactions, settlements, support, stock, loyalty, and credit facilities all secured with biometric login and two-step authentication for ease and safety.  

• AllTap enables small merchants with NFC-enabled smartphones to accept plastic card payments securely without any additional hardware. Fully PCI- and network-certified by Visa, Mastercard, Amex, and RuPay, AllTap democratizes digital payments for street vendors, cab drivers, and micro-merchants across India. 

• Together, these apps extend Pine Labs omnichannel payment ecosystem, enabling merchants to process EMIs, run loyalty programs, track analytics, and integrate third-party apps to streamline billing and inventory operations. With Pine Labs One and AllTap, businesses of all sizes can quickly onboard and scale digital payment capabilities without complexity. 

Conclusion  

• India’s fintech sector has emerged as a global powerhouse, driven by innovation, mobile-first solutions, and a growing digital economy. The top 10 fintech companies like Paytm, PhonePe, Razorpay, BharatPe, Policybazaar, Groww, CRED, Zerodha, Lendingkart, and Pine Labs have revolutionized everything from payments and lending to insurance and wealth management. These companies have not only enhanced user experience through technology but also contributed significantly to financial inclusion, empowering millions across urban and rural India.  

• With robust investor backing and forward-looking strategies, they continue to lead the charge in reshaping financial services. As India progresses toward a $5 trillion economy, fintech will play an even more critical role in bridging financial gaps and supporting business innovation. The success of these companies reflects a thriving ecosystem that blends talent, regulatory support, and consumer demand. Looking ahead, the Indian fintech space is poised for continued disruption, deeper integration with AI and blockchain, and stronger global positioning.