Top 10 Fintech Startups in India
1. Paytm
- Founded: 2010
- Overview: Paytm is one of India’s largest digital payment and financial services companies. It offers a wide range of services, including mobile recharges, utility bill payments, online shopping, and financial services like insurance and loans.
- Key Features: Digital wallet, UPI payments, online shopping, financial services.
- Funding Status: Raised significant funds from investors including Alibaba, SoftBank, and Berkshire Hathaway.
| Paytm | |
|---|---|
| Founded | 2010 |
| Overview | Digital payment and financial services platform |
| Services | Mobile recharges, utility bill payments, online shopping, insurance, loans |
| Key Features | Digital wallet, UPI payments, financial services, online shopping |
| Funding Status | Significant funds from Alibaba, SoftBank, Berkshire Hathaway |
| Achievements | One of India’s largest digital payment platforms, IPO in 2021 |
This table provides a concise overview of Paytm, including its founding year, overview, services provided, key features, funding status, and achievements.
2. PhonePe
- Founded: 2015
- Overview: PhonePe is a leading digital payments platform in India, providing services like money transfers, recharges, bill payments, and financial products. It is a part of Flipkart and backed by Walmart.
- Key Features: UPI payments, digital wallet, insurance, mutual funds.
- Funding Status: Raised funds from Flipkart and Walmart.
| PhonePe | |
|---|---|
| Founded | 2015 |
| Overview | Digital payments platform |
| Services | Money transfers, recharges, bill payments, financial products |
| Key Features | UPI payments, digital wallet, insurance, mutual funds |
| Funding Status | Raised funds from Flipkart and Walmart |
| Achievements | Over 300 million registered users, leading UPI app in India |
This table provides a concise overview of PhonePe, including its founding year, overview, services provided, key features, funding status, and achievements.
3. Razorpay
- Founded: 2014
- Overview: Razorpay provides a full-stack financial solutions platform for businesses, including payment gateway, subscriptions, invoicing, and payroll management.
- Key Features: Payment gateway, subscriptions, invoicing, payroll.
- Funding Status: Series D funding round, valued over $1 billion.
| Razorpay | |
|---|---|
| Founded | 2014 |
| Overview | Full-stack financial solutions platform for businesses |
| Services | Payment gateway, subscriptions, invoicing, payroll management |
| Key Features | Payment gateway, subscriptions, invoicing, payroll |
| Funding Status | Series D funding, valued over $1 billion |
| Achievements | Expanded services to 1 million businesses, launched new banking services |
This table provides a concise overview of Razorpay, including its founding year, overview, services provided, key features, funding status, and achievements.
4. PolicyBazaar
- Founded: 2008
- Overview: PolicyBazaar is an online insurance aggregator that helps users compare and buy insurance policies across various categories like health, life, motor, and travel.
- Key Features: Insurance comparison, online policy purchase, insurance advisory.
- Funding Status: IPO in 2021, previously raised funds from SoftBank, InfoEdge, and others.
| PolicyBazaar | |
|---|---|
| Founded | 2008 |
| Overview | Online insurance aggregator |
| Services | Compare and buy insurance policies (health, life, motor, travel) |
| Key Features | Insurance comparison, online policy purchase, insurance advisory |
| Funding Status | IPO in 2021, funds from SoftBank, InfoEdge |
| Achievements | Largest insurance aggregator in India, helped millions of users |
This table provides a concise overview of PolicyBazaar, including its founding year, overview, services provided, key features, funding status, and achievements.
5. Cred
- Founded: 2018
- Overview: Cred is a members-only credit card bill payment platform that rewards users for timely payments with exclusive offers and discounts.
- Key Features: Credit card bill payments, reward points, exclusive offers.
- Funding Status: Series D funding round, valued at over $2 billion.
- This table provides a concise overview of Cred, including its founding year, overview, services provided, key features, funding status, and achievements.
| Cred | |
|---|---|
| Founded | 2018 |
| Overview | Credit card bill payment platform |
| Services | Credit card bill payments, reward points, exclusive offers |
| Key Features | Timely payments rewards, exclusive offers |
| Funding Status | Series D funding, valued at over $2 billion |
| Achievements | Over 5 million users, significant user engagement and retention |
This table provides a concise overview of Cred, including its founding year, overview, services provided, key features, funding status, and achievements.
6. Groww
- Founded: 2016
- Overview: Groww is an investment platform that allows users to invest in stocks, mutual funds, ETFs, and gold. It aims to simplify investment for retail investors.
- Key Features: Stock trading, mutual funds, ETFs, digital gold.
- Funding Status: Series E funding round, valued at over $1 billion.
| Groww | |
|---|---|
| Founded | 2016 |
| Overview | Investment platform |
| Services | Invest in stocks, mutual funds, ETFs, digital gold |
| Key Features | Stock trading, mutual funds, ETFs, digital gold |
| Funding Status | Series E funding, valued at over $1 billion |
| Achievements | Over 20 million users, rapid growth in user base |
This table provides a concise overview of Groww, including its founding year, overview, services provided, key features, funding status, and achievements.
7. Zerodha
- Founded: 2010
- Overview: Zerodha is a leading discount brokerage firm in India offering low-cost trading services in stocks, commodities, and currencies. It also provides investment in mutual funds and bonds.
- Key Features: Low-cost trading, mutual funds, bonds, educational resources.
- Funding Status: Bootstrapped and profitable.
- This table provides a concise overview of Zerodha, including its founding year, overview, services provided, key features, funding status, and achievements
| Zerodha | |
|---|---|
| Founded | 2010 |
| Overview | Discount brokerage firm |
| Services | Stock trading, commodities, currencies, mutual funds, bonds |
| Key Features | Low-cost trading, educational resources |
| Funding Status | Bootstrapped and profitable |
| Achievements | Largest retail stockbroker in India, pioneered discount broking |
This table provides a concise overview of Zerodha, including its founding year, overview, services provided, key features, funding status, and achievements
8. Lendingkart
- Founded: 2014
- Overview: Lendingkart provides working capital loans to small and medium enterprises (SMEs) through its digital lending platform, using data-driven algorithms to assess creditworthiness.
- Key Features: SME loans, quick disbursement, data-driven credit assessment.
- Funding Status: Series D funding round, raised over $200 million.
- This table provides a concise overview of Lendingkart, including its founding year, overview, services provided, key features, funding status, and achievements.
| Lendingkart | |
|---|---|
| Founded | 2014 |
| Overview | Digital lending platform for SMEs |
| Services | Working capital loans |
| Key Features | SME loans, quick disbursement, data-driven credit assessment |
| Funding Status | Series D funding, raised over $200 million |
| Achievements | Disbursed over 100,000 loans to SMEs, widespread impact on small businesses |
This table provides a concise overview of Lendingkart, including its founding year, overview, services provided, key features, funding status, and achievements.
9. Capital Float
- Founded: 2013
- Overview: Capital Float offers flexible, short-term loans to businesses and individuals. It provides working capital finance to SMEs and personal loans through its digital platform.
- Key Features: Business loans, personal loans, BNPL (Buy Now, Pay Later).
- Funding Status: Series D funding round, raised significant funds from Amazon and others.
| Capital Float | |
|---|---|
| Founded | 2013 |
| Overview | Flexible, short-term loans for businesses and individuals |
| Services | Business loans, personal loans, BNPL |
| Key Features | Quick loan processing, diverse loan products |
| Funding Status | Series D funding, funds from Amazon |
| Achievements | Disbursed loans to over 300,000 customers, significant growth in BNPL segment |
This table provides a concise overview of Capital Float, including its founding year, overview, services provided, key features, funding status, and achievements.
10. ETMoney
- Founded: 2015
- Overview: ETMoney is a personal finance management app that offers services like mutual fund investments, insurance, loans, and expense management.
- Key Features: Mutual fund investments, insurance, personal loans, expense tracking.
- Funding Status: Acquired by Times Internet, raised funds from various investors.
- This table provides a concise overview of ETMoney, including its founding year, overview, services provided, key features, funding status, and achievements.
| ETMoney | |
|---|---|
| Founded | 2015 |
| Overview | Personal finance management app |
| Services | Mutual funds, insurance, loans, expense tracking |
| Key Features | Investment management, insurance, personal loans |
| Funding Status | Acquired by Times Internet, raised funds from various investors |
| Achievements | Over 10 million users, comprehensive personal finance management solutions |
This table provides a concise overview of ETMoney, including its founding year, overview, services provided, key features, funding status, and achievements.
These startups are driving innovation in India’s fintech sector, making financial services more accessible, affordable, and user-friendly for millions of people.
conclusion:
The fintech sector in India is witnessing rapid growth and innovation, driven by a diverse range of startups that are transforming financial services. From digital payments and investment platforms to insurance aggregators and lending solutions, these top 10 fintech startups—Paytm, PhonePe, Razorpay, PolicyBazaar, Cred, Groww, Zerodha, Lendingkart, Capital Float, and ETMoney—are at the forefront of this revolution. They offer a variety of services designed to enhance convenience, transparency, and efficiency for both consumers and businesses. With substantial funding and strong partnerships, these startups are not only contributing to financial inclusion but also setting new benchmarks in the industry. As they continue to evolve and expand, they are poised to further drive India’s fintech ecosystem towards a more inclusive and technologically advanced future.
