Top 15 Finctech companies in INDIA

Fintech is a portmanteau of the terms “finance” and “technology” and refers to any business that uses technology to enhance or automate financial services and processes. The term is a broad and rapidly growing industry serving both consumers and businesses.

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1.Paytm

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.

2.Bill Desk

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.

3.Pine Labs

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.

4.Incred

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.

5.Mobikwik

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.

6.Razorpay

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.

7.LendingKart

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.

8.Coverfox

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.

9.Bankbazaar

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.

10.PolicyBazaar

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.

11.Capital Float

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.

12.Ofbusiness

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.

14.Paysense

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

15.Sqrrl Fintech

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.