Fintech Companies in India

What is a Fintech Company

A fintech company is a business that combines financial services with modern technology to make managing money easier, faster, and more accessible. The term “fintech” is a blend of “financial” and “technology,” and it refers to a wide range of businesses that provide innovative solutions for handling financial tasks. These companies aim to simplify traditional banking and finance processes by using the latest technology.

For example, mobile wallets like Paytm, Google Pay, and PhonePe allow users to pay bills, send money, and shop online without needing cash or cards. Similarly, fintech companies have created apps and platforms that help people invest in stocks, buy digital gold, or take out loans with just a few taps on their smartphones. They also offer services like insurance, online banking, and personal finance management tools, making it easy for users to track their expenses, set savings goals, or get quick loans.

The big advantage of fintech is that it offers financial services that are faster, more convenient, and often cheaper than traditional banking. Whether it’s sending money to a friend, paying for groceries, or investing in the stock market, fintech companies are making these tasks simple and accessible to everyone. They use advanced technology, secure data systems, and user-friendly designs to provide a smooth and safe experience. In essence, fintech companies are transforming the way we handle money by making everyday financial tasks more efficient and reliable.

Top 15 Fintech Companies in India

Fintech companies in India are making it super easy for everyone to handle their money. From quick payments to easy loans, these companies are changing the way we do banking. Let’s take a look at the top 15 fintech companies in India that are making life smoother for people.

1. Paytm

Paytm is a super popular digital wallet that lets you pay bills, book tickets, and shop online.

Easy to use for quick mobile recharges and bill payments.
Offers cashback and discounts for users.
Allows money transfers to friends and family.
You can book movie tickets, train tickets, and more.
Pay through QR codes at local shops without carrying cash.

2. PhonePe

PhonePe is another digital payment app that is trusted by millions across India.

Makes instant payments and money transfers possible.
Supports payments through UPI, cards, and wallets.
Offers various cashback deals and rewards.
Works with many apps to let you book flights, pay for food, and more.
Simple interface with many languages to choose from.

3. Biznext

Biznext is one of the best B2B fintech companies that helps small shops and retailers provide important financial services to their customers.

It offers services like AEPS (Aadhaar Enabled Payment System), micro ATM, and BBPS (bill payments), making it easy for people to withdraw cash, pay bills, and more at local shops.
The platform is super user-friendly, so even those who are not tech-savvy can use it without any hassle.
Trusted by over 500,000 retailers across India, helping them earn more by offering extra services to customers.
Shops can also use Biznext to sell gift cards, digital gold, and book bus tickets for their customers.
It has voice notifications, which means shop owners get alerts for successful transactions without needing any extra gadgets.

4. Google Pay

Google Pay is a widely used app for making fast payments through UPI.

Easy to set up and link with your bank account.
Send and receive money instantly with just a phone number.
Works with many merchants for quick online payments.
Offers rewards and scratch cards for transactions.
Highly secure with multiple layers of safety.

5. Razorpay

Razorpay is a payment gateway that helps businesses accept online payments easily.

Supports payments through cards, UPI, net banking, and wallets.
Simple dashboard for businesses to track all transactions.
Fast setup process without any complicated paperwork.
Works smoothly for online stores, apps, and service providers.
Offers payment links, subscriptions, and more to grow business sales.

6. CRED

CRED is a unique app that rewards you for paying your credit card bills on time.

Helps you track and pay all your credit card bills.
Earns you rewards, discounts, and offers on bill payments.
Easy to set up and connect with multiple credit cards.
Provides detailed reports on spending habits.
Offers shopping deals, travel bookings, and more.

7. PolicyBazaar

PolicyBazaar makes it easy to compare and buy insurance online.

Compare health, life, car, and bike insurance from different companies.
Simple process to buy insurance without any middlemen.
Helps you understand insurance benefits in a clear way.
Provides updates and reminders for policy renewals.
Offers discounts and special offers for online purchases.

8. Groww

Groww is a user-friendly app for investing in mutual funds and stocks.

Easy to open a free account and start investing.
Simple tools to track your investments and returns.
Allows you to invest in stocks, mutual funds, and more.
Offers educational content to help beginners learn about investing.
Safe and secure transactions with quick customer support.

9. MobiKwik

MobiKwik is a digital wallet that allows you to make fast payments and buy products online.

Easy to use for mobile recharges, bill payments, and shopping.
Offers great cashback deals and rewards for users.
Supports UPI payments, cards, and bank transfers.
Works with many online merchants and local stores.
Provides loan services for quick and easy financing.

10. BharatPe

BharatPe is a payment app that helps small shop owners accept digital payments.

Allows merchants to accept payments from any UPI app without extra charges.
Simple QR code system to receive money instantly.
Offers business loans to help shop owners grow.
Gives cashback on transactions for more earnings.
Safe and secure way to handle daily transactions.

11. ETMONEY

ETMONEY is an app that simplifies investing, borrowing, and saving.

Easy to invest in mutual funds and NPS.
Provides personal loans with fast approval.
Tracks your expenses and helps manage monthly budgets.
Offers insurance products to protect your savings.
Simple dashboard to see all your finances in one place.

12. Pine Labs

Pine Labs is a popular company for businesses looking for point-of-sale (POS) solutions.

Provides smart POS machines that accept multiple payment methods.
Helps businesses manage sales, inventory, and customer data.
Allows merchants to offer EMI options to customers.
Secure and reliable transactions for all payments.
Easy setup with support for various business needs.

13. Zerodha

Zerodha is India’s largest stock brokerage firm for trading and investments.

Low-cost trading for stocks, derivatives, and commodities.
User-friendly platform with educational tools.
Easy to open an account online without complicated steps.
Offers insights, reports, and charts for better trading decisions.
Has a dedicated app for mutual funds investment.

14. Cashfree Payments

Cashfree is a payment gateway solution for businesses of all sizes.

Helps businesses accept payments via UPI, cards, and net banking.
Quick setup process with easy integration.
Supports recurring payments for subscriptions and EMIs.
Allows easy refunds, payouts, and bulk transfers.
Secure payment processing with 24/7 support.

15. Instamojo

Instamojo is a platform for small businesses to sell products and accept payments.

Easy setup to create an online store and start selling.
Accepts payments from multiple sources like UPI, wallets, and cards.
Simple dashboard to manage sales and inventory.
Offers business tools like invoices, marketing, and shipping.
Ideal for small businesses, freelancers, and startups.

These companies have transformed the way we handle money, making it quicker, simpler, and more secure. Whether you’re a business owner or a regular user, these fintech companies have a solution for every need.

Listed Fintech Companies in India

Below is the list of listed Fintech companies in India

Paytm (One97 Communications) – Listed in 2021
PolicyBazaar (PB Fintech) – Listed in 2021
Fino Payments Bank – Listed in 2021
IndiaMART InterMESH – Listed in 2019
Navi Technologies – Listed in 2023

Fintech Companies in Bangalore

Bangalore, often called the “Silicon Valley of India,” is home to a thriving fintech ecosystem. Some of the notable fintech companies based in Bangalore include:

Razorpay (Established 2014) – A leading payment gateway that offers a range of financial services, including neobanking and working capital loans.
ZestMoney (Established 2015) – A digital lending platform specializing in “Buy Now, Pay Later” services.
Simpl (Established 2016) – Focuses on providing a seamless “Buy Now, Pay Later” experience for customers and merchants.
ClearTax (Established 2011) – Offers tax filing, GST software, and financial services for individuals and businesses.
Acko (Established 2016) – A digital insurance provider known for its online-first approach to various insurance products.

These companies have played a significant role in transforming the financial landscape in India, providing innovative solutions that make financial services more accessible and efficient.

Also read – Bank BC/CSP Commission Chart

Fintech Companies in Mumbai

Below is the list of fintech companies which are based in Mumbai

Paytm – A popular app that lets you do banking, shopping, and investments all in one place.
Mswipe Technologies – Provides easy payment solutions for businesses, like card machines and online payments.
Upstox – A user-friendly platform for trading stocks and mutual funds without extra fees.
ICICI Bank – One of India’s biggest banks, offering many banking services and a helpful mobile app.
Axis Bank – Another major bank that provides a variety of banking services and easy online access.
LenDenClub – A platform that connects people who need loans with those who want to invest in loans.
BillDesk – Specializes in online bill payments for both people and businesses.
SMEcorner – Focuses on giving loans to small and medium businesses.
Jupiter Money – An app that helps users manage their savings and track their spending easily.
EnKash – Offers payment solutions and cards to help businesses manage their expenses.
Biznext – A B2B fintech company that provides services like AEPS, micro ATM, and BBPS, making it easy for over 500,000 retailers to serve their customers.