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Top Fintech Companies in India


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Fintech Companies in India

A one-stop destination for financial services. FinTech stands for Financial Technology, and fintech company provides technology growth to support financial institutions.FinTech refers to an organization that merges the upcoming technological trends to provide better financial solutions to its clients through digital payments and transactions. The main aim of fintech is to ultimately, or in some form, replace the traditional payment methods with digital solutions.

These top ten fintech companies and fintech startups in India have transformed how we discharge digital payments over the last decade. These fintech companies are re-modelling our digital payments every day, ranging from payment to insurance platforms.

The explosion of fintech companies isn’t surprising. Demonetization and Digital India initiative has made this a booming industry. Earlier, people were hesitant and sceptical about online payment services, but today, a significant proportion of the population has changed how it makes transactions.


Paytm (pay through mobile) was established by Vijay Shekhar Sharma in 2010, is possessed by One97 Communications, and is authorized by RBI. Paytm is one of the leading and most popular fintech startups or companies that got traction after the demonetization of 2016. It is India’s leading online wallet company holding a substantial finance market. Paytm has many partners such as Uber, BookMyShow, Foodpanda, MakeMyTrip, and many more. Its investors include Softbank, Ant Financial, AGH Holdings, SAIF Partners, Berkshire Hathaway, T Rowe Price, and Discovery Capital. It has received a brokerage license from IRDAI.

Paytm provide services such as:

  • Make bank transfers
  • Recharge phone
  • Pay bills
  • Recharge DTH
  • Recharge Metro card
  • Pay fees
  • Carry UPI transactions
  • Pay at local vendors and more.


PhonePe is an Indian digital payments and financial services startup based in Bangalore, established by Sameer Nigam, Rahul Chari, and Burzin Engineer in 2015. It is one of India’s leading fintech startups that has achieved heights despite the cut-throat competition in the niche. It is an eCommerce payment system & digital wallet company founded in December 2015. It is based on the Unified Payments Interface (UPI). The PhonePe is available in over 11 Indian languages. PhonePe has also partnered with the following companies: RedBus, Ola, Goibibo, and FreshMenu.

It provides services such as:

  • Transfer money
  • Recharge (mobile, DTH, data cards)
  • Bill Payments
  • Online Shopping
  • Tax saving funds
  • Selling Insurance, mutual funds, and gold.



MoneyTap is an app-based credit line established by Bala Parthasarathy, Kunal Varma, and Anuj Kacker in 2015. MoneyTap offers various loans, from small-medium cash loans to fast mobile credit at competitive interest rates and flexible EMIs. Anyone with a smartphone and a PAN can check their qualifying limit in less than 15 minutes through the MoneyTap app. The whole procedure does not require any paper except specific necessary documentation needed to confirm with the KYC legislation of the partner bank. It does not charge extra interest; interest rates apply only to the amount you borrow and not to your accepted capital. MoneyTap operates only with regulated financial institutions in India controlled by RBI and has acquired its own NBFC license.


Policy Bazaar

Policy Bazaar was founded by Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar in June 2008. It is based on Gurugram. is now India’s largest insurance aggregator platform to provide transparent and accurate insurance information and is one of the world’s top fintech players. The online platform originated as a website for price comparison and a knowledge source to learn about insurance and related programs and later became an insurance policy marketplace. The revenue for the organization is created by the fees paid for the promotion and advertisements of insurance providers on its website.


Lendingkart is a digital financing company founded by Harshvardhan Lunia and Mukul Sachan in 2014. It enables entrepreneurs to access working capital loans and company loans to small and medium-sized businesses throughout India. They provide capital online, a quick process with minimal documentation and no collateral necessary. The company’s goal is to make capital funding accessible at their fingertips so that entrepreneurs can concentrate on business instead of thinking about their cash-flow gaps. The company uses tools based on extensive data analysis, which facilitates lenders to evaluate a borrower’s creditworthiness and provides other related services. As of now, they’re based in Ahmedabad, Bangalore, and Mumbai but work across India.


Razorpay is a payment solution startup in India that helps businesses receive, process, and disburse payments with its suite of products. It was established by Shashank Kumar and Harshil Mathur in 2014. It gives you access to all payment modes, including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money, and PayZapp, including credit card, debit card, net banking, UPI, and ordinary wallets. Businesses can handle the marketplace, simplify money transactions, receive regular fees, exchange client invoices, and take advantage of working capital loans from a single platform.


MobiKwik is one of the largest and most famous digital payment and wallet companies that allows users to make transactions on multiple platforms. It was founded by Bipin Preet Singh and Upasana Taku in 2009. The headquarters of the company is situated in Gurugram. It is a digital wallet service provider that provides online payments services, phone and DTH recharge, online shopping, mobile transfers, etc. It also offers the partial payment feature for ticket reservations and cash pick-up for bus ticket booking. MobiKwik has registered a 90% growth in monthly active users in FY 2019, where it was also ranked as the second-largest platform for merchant payments.

Zest Money

Zest Money is one of the leading fintech startups in India. It was established by Lizzie Chapman, Priya Sharma, and Ashish Anantharaman in 2015 and is situated in Bangalore. Zest Money’s unique platform combines mobile technologies, digital banking, and artificial intelligence to make life more accessible for millions of Indian customers. Zest Money’s groundbreaking technologies and attempts to make affordable digital finance available have contributed to their designation as the 2020 Technology Leader of the World Economic Forum.

Pine Labs

Pine Labs is one of the successful fintech startups based in Noida. It was founded in 1998 by Lokvir Kapoor, Rajul Garg, and Tarun Upaday. The company’s main motive is to offer a platform that transforms your NFC mobile into a card machine and allows you to accept all types of digital payment, including a basic ‘Tap n Pay’ card. The network has grown to provide retailers with payment options, risk assessment, multi-channel analytics, leasing & Insurance, brand offerings, cashback, automated billing, and more.


Mswipe is one of the leading Fintech startups in India, founded by Manish Patel on March 1, 2011. The startup’s head office is situated in Mumbai, Maharashtra. It provides retailers and businesses with their latest intelligent POS terminal that accepts all payments – card, chip, magstripe, NFC, and Scan-to-pay QR.

The company’s primary service is to offer merchants software solutions and payment devices. You can take the services of Mswipe. Whether you hold any bank account, you need not open any new account. Mswipe assists owners in making faster transactions and has an added advantage of a 15hours battery life with just one single charge.

Written By: Nidhi Kumari

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