India has one of the fastest-growing fintech markets in the world. Its many metros are home to fintech of all types, some of which are developing investing platforms, neo banks, crypto exchanges and payment infrastructure. The emerging use of mobile phones and the country’s budding youth population — who are more inclined to try tech-based banking platforms — have contributed to its significant growth. Hyderabad is one of the most receptive cities to new fintech companies. For example, the Hyderabad Fintech Forum brings together local founders and stakeholders to discuss industry trends and challenges and provide mentoring to nascent startups. Below, we picked some of the top finance companies in Hyderabad to know.
Top Finance Companies in Hyderabad
- Wells Fargo
- TransUnion
- Synchrony
- Opendoor
- Invesco
- HSBC
- Paytm
Top Finance Companies in Hyderabad
Payswiff is a payment processing company that processes over seven million monthly transactions. It launched in 2013 and develops POS hardware, bank integrations and checkout software, which enables it to provide end-to-end processing solutions. Since launching, the company has become well known as one of India’s top startups.
CreditVidya is an alternative credit rating system that aims to be more inclusive than other services. The company uses analytics to assess consumer credit scores when applying for loans or credit cards. For businesses, CreditVidya can also verify customer income for pre-approval applications.
Zeni5 is a neobank tailored for younger individuals and students. The platform features traditional services like checking accounts and money transfers as well as blockchain wallets and discount codes for school essentials.
Invesco is best known for creating various mutual and exchange-traded funds, or ETFs, which retail and institutional investors can purchase through multiple platforms. To develop its products, Invesco invests hundreds of hours of research and analytics to package the right assets into one product.
Founded in 1993, Temenos provides a SaaS banking platform for various financial institutions. The cloud-based software enables banks to build and deploy digital platforms essential for attracting new customers. Temenos also offers mobile app infrastructure and comes with over 100 pre-built features.
Mumbai-based ICICI Bank serves small, medium and corporate sized enterprises as well as retail customers. It offers mobile banking, phone banking, investment banking as well as venture capital and asset management. ICICI Bank has over 6,000 branches and 17,000 ATMs across India.
Singaporean multinational banking company DBS Bank operates across Asia, Southeast Asia and China. It provides personal banking, wealth management, personal loans and corporate banking. Global Finance has named DBS Asia’s Safest Bank for 16 years in a row. The company maintains a large campus in the Skyview Building in Hyderabad.
Paysafe is a launchpad for budding companies, providing helpful finance tools to promote growth. Some of those tools include payment processors, crypto payments, online transactions and e-commerce checkout pages. In addition to offering its services as a SaaS tool, Safepay has also developed an API that can be connected using a single endpoint integration.
HighRadius develops AI financial products intended for CFOs. Its products help with cash management and forecasting. By incorporating artificial intelligence, they can analyze internal data and produce better-informed models. HighRadius is a multinational company with offices in the United States and India.
PhonePe develops an extensive payment network and provides various products, such as insurance, loans and investment platforms. Its payment infrastructure enables businesses to incorporate in-person payment systems and digital gateways easily into any website.
Swipe develops tools for e-commerce businesses that help ease their operations. Its most popular ones include invoice generators and payment gateways, which streamline sending money to merchants. Besides its fintech software, Swipe also provides inventory management platforms for companies moving products in bulk.
SmartRecon develops reconciliation software to improve data accuracy and reduce manual tasks. The software enables users to compare data sets for payment accounts, tax forms and bank transactions to ensure the accuracy of their information.
FactSet is a multinational company that develops advanced software for banks and investors. One of its products provides analytics and research that can inform ESG investing, and another platform constructs portfolios and conducts end-to-end quantitative research.
Fintech company Broadridge offers a wide range of services, including wealth management, capital markets, banking, asset management, investor communication solutions and securities services. It has two Indian locations, in Hyderabad and Bangalore, and plans to center India as the hub for its regional growth strategy. Broadridge currently employs 40 percent of its workforce in the country.
TransUnion analyzes data from various sources to rate consumers’ creditworthiness. In India, the company provides consumer and business credit reporting, risk management solutions and data processes used to maintain credit scores for millions of individuals. Transunion employs developers and analysts, among other talent, to support its local and global operations.
Paytm, one of India’s most successful startups, is an important name in fintech. The company became a popular banking option with consumers by providing zero-fee banking accounts and an online payment gateway before expanding to sell bus, train and airline tickets. Paytm also provides financial software for businesses.
Angel One provides an investment platform and mobile app and is a member of the Bombay Stock Exchange. The company enables individuals to invest in various financial products, including Indian and US stocks, mutual funds and initial public offerings, or IPOs. Because Angel One focuses on digital services, it employs several tech roles, including front-end and Android developers.
Synchrony is a popular bank with operations in various countries. The company provides consumer banking accounts and credit cards. For large businesses, it partners with certain companies to offer store-branded cards.
Opendoor is an innovative tech company at the intersection of real estate and fintech. Its platform enables users to browse homes online, but it also uses market data to provide cash offers for people looking to sell their homes. Opendoor is headquartered in Silicon Valley and has three offices in India.
Tide provides business banking and incorporation services for companies in India and the United Kingdom. Through the platform, entrepreneurs can register their companies with local regulatory agencies and open free checking and savings accounts to store revenue. Its other solutions include credit cards and payment terminals.
KFintech develops SaaS solutions for financial services companies and individuals. For example, the company develops software to benchmark mutual funds for asset managers and provides compliance management systems that track trades and other activities.
HSBC is a large global bank with an operations base in India. Locally, the company provides a wide range of services including consumer banking, credit cards, insurance products and wealth management. According to HSBC, it employs over 7,500 individuals across its Hyderabad and Pune centers.
JPMorganChase is a global financial services firm providing consumer, corporate and commercial banking to over 82 million people and 6 million small businesses around the world. JPMorganChase opened its Hyderabad campus in 2021 in HITEC City.
Wells Fargo is a major American financial institution with a significant presence in India, where it provides slightly different services and focuses primarily on remittance, or sending money between people in other countries. Wells Fargo began its Indian operations in 2005 and employs local tech-based professionals.
State Street provides institutional investors with investment management, research and investment servicing. Its large Hyderabad campus is the company’s second-largest location next to its headquarters in Boston. State Street employs nearly 40,000 people around the world.
