India is one of the fastest-growing fintech markets in the world. Home to thousands of companies using technology to automate and enhance banking, lending, accounting and investing, the country’s fintech market is expected to be worth $1 trillion by 2030.
Top Fintech Companies in India
- Paytm
- PhonePe
- PayPal
- Intuit
- Stripe
- Visa
- Slice
- Wise
21 Fintech Companies in India to Know
Paytm is India’s largest mobile payments and commerce app, according to its website. Besides various bill payment and money transfer services, the platform offers flight booking, ticketing and investment services, as well as savings accounts. The company also partners with other financial institutions to offer microloans and buy now, pay later financing to its customers. Paytm has more than 20,000 employees throughout India, many of whom work at its corporate headquarters in Noida.
PhonePe’s app allows users to pay their bills, invest, shop, transfer money and check their credit score all in one place. The Bangalore-based company is owned by American retail giant Walmart, and currently dominates transactions on the Unified Payments Interface. It has also launched its own app store, positioning itself as a competitor to the Google Playstore.
With more than 400 million global users, PayPal is one of the most popular digital payment platforms in the world, enabling individuals as well as businesses to send and receive money electronically. The company is headquartered in California, but has technology centers in Bangalore, Chennai and Hyderabad. These are PayPal’s largest offices outside of the United States, according to its website, and are dedicated to artificial intelligence, product development, cloud computing and more.
California-based Intuit’s primary India office is in Bangalore, where it employs nearly 2,000 people. The fintech company serves more than 100 million customers globally, offering a suite of products that includes tax preparation assistant TurboTax, credit monitoring service Credit Karma and accounting program QuickBooks. It also offers software specifically for small businesses and accountants to help them with tasks like payroll, taxes and digital payments.
Stripe provides digital payment services to a variety of companies, from e-commerce sites to subscription-based businesses. The platform allows these companies to accept payments in-person, online or through a mobile app, and supports more than 135 currencies, enabling business to be conducted all over the world. Besides its dual headquarters in San Francisco and Dublin, Stripe has a large office in Bangalore.
Visa facilitates fund transfers for individuals, businesses and governments across more than 200 countries, most commonly through the branded credit, debit and prepaid cards that it provides via banks like Chase, Citi and Capital One. With more than 4 billion cards in circulation globally, Visa is the most widely used credit card company in the world. The company’s headquarters is in California, but it also has a 10,000 square-foot tech development center in Bangalore, where it employs about 2,000 people, as well as a smaller office in Mumbai.
Boasting more than 17 million users throughout India, slice provides financial services to unbanked or underbanked people, enabling them to deposit and borrow money, pay bills and manage their expenses on one app. In 2023, the company merged with Guwahati-based North East Small Finance Bank, marking its entry into the banking ecosystem. Slice is headquartered in Bangalore and has more than 1,000 employees.
Wise, previously known as TransferWise, enables international money transfers with real exchange rates and no fees. Users can hold a balance of more than 50 currencies in their digital wallet, send payments to more than 160 countries and make transactions using a branded debit card. Built by the co-founders of tech giants like PayPal and Skype, Wise’s headquarters is in London but it has offices all over the world, including one in Mumbai.
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Chargebee powers subscriptions for businesses all over the world. Through its various accounting, billing and analytics services, it enables companies to mine more revenue from their subscribers and more efficiently manage their finances. Over the years, the Chennai-based company has also acquired several startups to grow its product offerings, including Numberz (now Chargebee Receivables) and RevLock (now Chargebee RevRec).
PayU allows businesses to accept and process payments through services that can be integrated into web and mobile applications. It also provides security and optimization features to minimize potential fraud and ensure transactions are made quickly. Although the company is headquartered in the Netherlands, it has a large presence in India. Not only has it acquired several local fintech startups, including Citrus Pay and PaySense, it also has offices in Bangalore, Gurgaon and Kolkata.
Outside its headquarters in London, Revolut has offices throughout India, including Bangalore, Chennai, Gurgaon, Indore and Mumbai. The neobank offers a variety of banking services for retail customers and businesses around the world, including commission-free stock trading, peer-to-peer payments, card management, international currency exchange and crypto exchange. Its mobile app also supports spending and ATM withdrawals in 120 currencies.
CRED operates a members-only app that rewards its users for paying their credit card bills on time with exclusive rewards from prominent brands like Starbucks, Samsung and Puma. It also provides users with short-term credit lines and allows them to better manage their credit cards by tracking their due date reminders, spend patterns and other statistics using artificial intelligence. CRED’s headquarters is in Bangalore, where it has about 1,000 employees.
Lendingkart focuses on micro, small and medium enterprise (MSME) finance, offering tools that allow lenders to more efficiently evaluate borrowers’ creditworthiness and provide financial services. Founded in 2014, the company has disbursed more than $2 billion in loans across more than 4,000 Indian cities and towns to date. Its headquarters is in Ahmedabad and it has smaller offices in Bangalore, Mumbai and Gurgaon.
SmartRecon provides software to help companies tackle various financial reconciliation areas, including payment, bank, tax and account reconciliation. The company claims it can reduce manual effort by some 80 percent by automating tasks like data collection, as well as providing comprehensive analytical reporting. Founded in Hyderabad in 2017, SmartRecon works with dozens of companies across major industries like banking, telecommunications, manufacturing and hospitality.
Perfios provides real-time credit underwriting services for both banks and non-banking financial institutions, helping them to automate their loan decisions, assess customers’ financial worthiness and aggregate data. It also leverages AI and machine learning to learn on its own and forecast emerging market trends. Headquartered in Bangalore, the company operates in more than a dozen regions across India, the Middle East and Southeast Asia, and reportedly aims to go public in 2025.
Aspire is a Singapore-based B2B fintech company that serves more than 15,000 small and medium-sized businesses across Southeast Asia and the Asia Pacific region. The platform offers everything from multi-currency business accounts to corporate credit cards, with the goal of helping companies avoid the banking bottlenecks, hidden fees and stacks of paperwork that is usually involved in running a business, according to its website. Aspire has offices throughout India, including in Bangalore and Gurgaon.
Formerly known as CredAvenue, Yubi operates a lending marketplace for small and medium-sized businesses looking for quick-turnaround financing solutions. To date, the Chennai-based company has facilitated more than ₹140,000 crore in credit, according to its website, powered by 80 percent of India’s top public and private banks, as well as more than 150 of the country’s largest non-banking financial institutions.
Upstox is an online trading app that allows users to invest in stocks, ETFs, IPOs, mutual funds and more. The company says it is certified with the market regulator Securities and Exchange Board of India (SEBI), and has exchange memberships with all the leading exchanges in the country, including NSE, BSE and MCX. While its main headquarters is in Mumbai, Upstox also has an office in Bangalore, employing about 2,000 people in total.
Kaleidofin provides banking solutions specifically for people who are traditionally left out of the finance space. With Kaleidofin, low-income, under-the-table workers can create savings accounts, open lines of credit, get insurance and invest in the stock market. And, leveraging machine learning, the platform can calculate users’ credit and spending patterns to provide customized financial assistance where they need it. The Chennai-based company says it has more than 4 million customers, and has underwritten more than $2 billion in loans since its founding in 2017.
Bangalore-based fintech company Instamojo serves more than 2 million independent e-commerce businesses throughout India, helping them to start, manage and scale their online businesses efficiently. These businesses can use Instamojo to create their own website, gather and analyze customer data, build out their logistics, accept and manage online payments and more.
Founded in Chennai in 2008, Northern Arc has offices all over India, including Mumbai, Gurgaon and Bangalore. The company provides debt finance solutions to underserved households and businesses, offering services like deposit-free finances, syndication and structuring, as well as fund management. It enables credit across several areas, including microfinance, consumer finance, vehicle finance (for commercial vehicles, two-wheelers and electric vehicles), affordable housing finance and agriculture finance.
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