Top 10 Fintech Startups in India



Founded in 2014, Razorpay is a leading payment solutions provider for businesses, offering services like payment gateways, payroll, and lending products

FoundersShashank Kumar, Harshil Mathur
Headquarters Bangalore, Karnataka, India
ServicesPayment gateway, payroll, lending products, and other financial solutions
Funding$366.6 million (as of 2022)
Key AchievementsProcesses billions in payments annually, supports various payment methods

Razorpay is a leading Indian financial technology company offering a comprehensive suite of paymentand financial solutions for businesses. Its core offerings include a payment gateway that supports various payment methods (credit/debit cards, UPI, wallets, etc.),


Launched in 2015, PhonePe is a digital payments platform that provides services such as UPI payments, recharges, bill payments, and financial services​

FoundersSameer Nigam, Rahul Chari
Headquarters Bangalore, Karnataka, India
ServicesUPI payments, mobile recharges, bill payments, financial services
Funding$1.01 billion
Key AchievementsOver 280 million registered users, over 1 billion monthly transactions

PhonePe is a widely used digital payment platform based in India. It was founded in December 2015 and has rapidly grown to become one of the leading players in the Indian digital payments space. Here are some key details about PhonePe:


​Established in 2008, PolicyBazaar is a significant online insurance aggregator in India, offering a variety of insurance products including life, health, and vehicle insurance

FoundersYashish Dahiya, Alok Bansal, Avaneesh Nirjar
Headquarters gurgaon, Haryana, India
ServicesInsurance aggregation for life, health, auto, and other insurance products
Funding$674 million
Key AchievementsOver 100 million registered users, policies worth over $1 billion sold

PolicyBazaar is an online insurance and financial services platform based in India. Founded in 2008, it serves as a marketplace for comparing and purchasing insurance policies and other financial products. Here are some key details about PolicyBazaar:


Founded in 2010, Zerodha is one of India’s largest stock brokerage firms, providing low-cost trading services for equities, commodities, and mutual funds​

FoundersNithin Kamath, Nikhil Kamath
Headquarters Bangalore, Karnataka, India
ServicesStock brokerage, mutual funds, commodities trading
Key AchievementsLargest retail stockbroker in India by active clients

Zerodha is one of India’s largest and most popular discount brokerage firms, known for its innovative approach to trading and investing. Founded in 2010 by Nithin Kamath and Nikhil Kamath, Zerodha has revolutionized the Indian brokerage industry with its low-cost, technology-driven model. Here are some key details about Zerodha:


This platform, started in 2018, specializes in providing instant personal loans to both salaried and self-employed individuals

FoundersMadhusudan E, Varun Krishnan, Karthikeyan Krishnaswamy
Headquarters Bangalore, Karnataka, India
ServicesInstant personal loans, credit line services
Funding$200 million
Key AchievementsOver 50 million app downloads, significant loan disbursements

KreditBee is a prominent digital lending platform in India that provides instant personal loans to individuals, primarily targeting young professionals and salaried employees. Here are some key details about KreditBee:

6.Niyo Global:

Niyo, established in 2015, offers digital banking solutions with a focus on travel and finance management, including forex and travel cards

FounderVinay Bagri
Headquarters Bangalore,, Karnataka, India
ServicesDigital banking, forex cards, travel cards, savings accounts
Funding$179 million
Key AchievementsOver 6 million users, partnerships with 10+ banks

Niyo Global is a financial service platform offering a range of banking solutions, primarily targeting international travelers and individuals needing multi-currency transaction capabilities. Below are detailed features, benefits, and aspects of Niyo Global


Launched in 2015, Turtlemint is an insurance technology company that connects customers with advisors and provides various insurance products

FoundersDhirendra Mahyavanshi, Anand Prabhudesai
HeadquartersMumbai, Maharashtra, India
ServicesInsurance brokerage, advisor platform
Funding$69 million
Key AchievementsOver 45 insurer companies onboard, 40 lakh customers served

Turtlemint is an Indian insurtech company that provides a platform for buying and managing insurance policies. It leverages technology to simplify the process of purchasing insurance and assists users in making informed decisions. Here are some detailed aspects of Turtlemint:

8.Money View:

Founded in 2016, Money View provides personal finance management solutions and instant personal loans, focusing primarily on underserved markets in tier 2 and 3 cities​

FoundersPuneet Agarwal, Sanjay Aggarwal
Headquarters Bangalore,, Karnataka, India
ServicesPersonal loans, financial management solutions
Funding$130 million
Key AchievementsOver 50 million app downloads, services in 500 cities

Money View is a financial technology company based in India that provides a range of personal finance management solutions through its mobile app. Here’s an overview of Money View


This neo-banking startup offers digital-only banking services with features like savings accounts, expense tracking, and investment options​

FounderJitendra Gupta
Headquarters Bangalore,, Karnataka, India
ServicesNeo-banking, savings accounts, debit cards, expense tracking
Funding$70 million
Key AchievementsOver 2.2 million users, partnerships with Federal Bank

jupiter is a digital banking platform based in India that provides users with a modern and intuitive banking experience through its mobile app. Offering a zero-balance savings account and a Jupiter-branded debit card, the platform aims to simplify everyday financial transactions for its users. With features like instant payments, personal finance management tools, and access to investment and insurance products, Jupiter empowers individuals to take control of their finances conveniently from their smartphones. Prioritizing security and privacy, Jupiter ensures that users’ financial data is safeguarded through encryption and other robust security measures. With its user-friendly interface and comprehensive offerings, Jupiter is redefining banking for the digital age in India.

10.Cashfree Payments:

Cashfree, established in 2015, is a payment gateway that facilitates payment collections, vendor payouts, and other payment services for businesses

FoundersAkash Sinha, Reeju Datta
Headquarters Bangalore,, Karnataka, India
ServicesPayment gateway, vendor payouts, loan disbursements
Funding$42 million
Key AchievementsProvides payment solutions to over 100,000 businesses

Cashfree Payments is a leading payment gateway and fintech company in India, offering a wide range of payment solutions for businesses of all sizes. With its secure and reliable platform, Cashfree enables businesses to accept online payments seamlessly, including credit and debit cards, net banking, UPI, and digital wallets. The company also provides innovative features such as split payments, subscription billing, and payment links to streamline the payment process for merchants and improve the overall customer experience. With a strong focus on technology and customer satisfaction, Cashfree has emerged as a trusted partner for businesses looking to optimize their payment operations and drive growth in the digital economy.

Frequently Asked Questions (FAQs) about Fintech Startups in India

Certainly! Here are some frequently asked questions (FAQs) about fintech startups in India along with brief answers:

  1. What is fintech?
  • Fintech, short for financial technology, refers to innovative technologies and solutions that aim to improve and automate the delivery of financial services. It encompasses a wide range of services, including payments, lending, insurance, wealth management, and more

2. Why are fintech startups gaining popularity in India?

  • Fintech startups are gaining popularity in India due to factors such as increasing smartphone penetration, growing internet usage, supportive government policies, a large unbanked population, and a shift towards digital payments and financial inclusion.

3.What are some common types of fintech startups in India?

  • Common types of fintech startups in India include digital payment platforms, peer-to-peer lending platforms, robo-advisory services, digital lending platforms, insurance aggregators, personal finance management apps, and blockchain-based solutions.

4.How do fintech startups benefit consumers?

  • Fintech startups benefit consumers by offering convenient, efficient, and cost-effective financial services. They provide easier access to financial products, enable faster and more secure transactions, offer personalized financial advice, and promote financial inclusion by reaching underserved populations.

5. What are the regulatory challenges faced by fintech startups in India?

  • Fintech startups in India face regulatory challenges related to compliance with financial regulations, data privacy and security, licensing requirements, interoperability, and navigating the complex regulatory landscape across various sectors

6. How do fintech startups ensure the security of financial transactions and user data?

  • Fintech startups employ advanced encryption techniques, multi-factor authentication, secure payment gateways, and robust data protection measures to ensure the security and privacy of financial transactions and user data.

7.How can individuals and businesses benefit from partnering with fintech startups?

  • Individuals and businesses can benefit from partnering with fintech startups by gaining access to innovative financial solutions, improving operational efficiency, reducing costs, enhancing customer experience, and staying competitive in the rapidly evolving digital landscape.

8. What are some notable fintech success stories in India?

  • Some notable fintech success stories in India include companies like Paytm, PhonePe, Razorpay, Policybazaar, Zerodha, and Lendingkart, which have disrupted traditional financial services and achieved significant growth and success in their respective domains.

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