Radar · Alternative Lending in India
Best Alternative Lending Companies in India
The 1294 best Alternative Lending companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: DMI Finance.
By Riya SenguptaFinancials
1294companies tracked
$12.8Bdisclosed funding
12unicorns
443have raised
$9.2B in combined revenue across 848 filers. That's the actual scale of Alternative Lending in India, and it's the number you should hold onto before anything else on this page.
Our directory tracks 1,294 companies with $12.8B in disclosed funding and 12 unicorns. Median revenue sits at $258,319 with 23% YoY growth, but the outsized earners tell the real story. Hero Fincorp pulled $1.2B in revenue, up 18% YoY. Sbi Cards And Payment Services ran $725M at a 53% clip. Credila Financial Services hit $551M growing 71%. And on net income, Sbi Cards booked $289M, roughly 10,385 times the sector median. So when people talk about alternative lending's momentum, I'd point them straight at those filings rather than funding announcements. India's fintech standing didn't happen by accident. BharatPe ($604M raised), Weaver ($326M), and BlackSoil ($298M) anchor the funding side, while a global CAGR of 14.4% keeps institutional attention firmly on the sector. The rankings below are sorted by disclosed equity funding and recent momentum, giving you a fast read on where capital is actually going.
Ranked: Best Alternative Lending companies in India
| # | Company | Revenue | Disclosed funding | Last round | Revenue YoY | Employees | Tech stack | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Credila Provider of financial resources for students pursuing higher education programs 90Market top 16%Moat top 17%Fin. health top 20%Tech top 24% All 8 signals ▾Markettop 16% Moattop 17% Fin. healthtop 20% Techtop 24% Growthtop 25% Fundingtop 35% Talentbottom 49% Globalbottom 45% Market: Revenue ~$559M · ~6% of tracked Alternative Lending revenue (743 cos, FY2025) Moat: Top 1% by revenue among 743 tracked Alternative Lending companies · 9 curated direct competitors tracked rank vs industry peers · Fliar Intelligence Index 90/100 | $559M FY2025 | $100M | 9 mo ago | +71% | — | TurbopackEmotionNode.js+19 | — | — |
| 2 | DMI Finance Provider of personal loans, MSME loans, consumption loans, and electric vehicle loans 89Fin. health top 15%Market top 19%Tech top 20%Moat top 20% All 11 signals ▾Fin. healthtop 15% Markettop 19% Techtop 20% Moattop 20% Talenttop 28% Fundingtop 32% Producttop 33% Growthtop 38% Innovationtop 39% Globalbottom 45% Newsbottom 27% Fin. health: Revenue ~$376M (FY2023) · Net margin 27.9% Market: 998 employees (top 7% of Fintech) · Revenue ~$376M rank vs industry peers · Fliar Intelligence Index 89/100 | $376M FY2025 | $1.1B | 21 mo ago | — | 998 998 → 962 (-4%) · sector median +30% | WordPressApple iCloud MailGoogle Workspace+27 | — | — |
| 3 | Credit Saison Provider of diverse financial products and lending solutions for businesses and individuals 82Fin. health top 13%Moat top 20%Funding top 23%Market top 24% All 11 signals ▾Fin. healthtop 13% Moattop 20% Fundingtop 23% Markettop 24% Growthtop 27% Techtop 31% Producttop 33% Talentbottom 49% Innovationbottom 46% Globalbottom 37% Newsbottom 24% Fin. health: Revenue ~$320M (FY2021) · Net margin 39.8% Moat: Top 1% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 82/100 | $320M FY2025 | $144M | 13 mo ago | +87% | 1,547 1,547 → 1,319 (-15%) · sector median +30% | Node.jsApexCharts.jsTailwind CSS+15 | — | — |
| 4 | Navi 🦄 Provider of financial products including UPI, loans, insurance, and mutual funds 78Customers top 10%Moat top 17%Innovation top 20%Market top 21% All 12 signals ▾Customerstop 10% Moattop 17% Innovationtop 20% Markettop 21% Fundingtop 21% Techtop 29% Producttop 37% Talenttop 38% Newstop 45% Fin. healthbottom 49% Growthbottom 40% Globalbottom 32% Customers: Play-Store rating 4.47★ across 5,633,904 ratings (1 apps) · Marquee-customer mentions: top 17% of tracked companies Moat: Top 1% by revenue among 743 tracked Payments companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 78/100 | $318M FY2025 | $427M | 10 mo ago | -4% | 698 | TypeScriptBootstrapAmazon Web Services+20 | 6 signals ▼50% New product · Capital raise · Funding | 1 job opening · 2 awards |
| 5 | Samunnati Agri enterprise empowering farmers through finance, trade, innovation, and community 69Funding top 18%Moat top 21%Market top 29%Tech top 33% All 10 signals ▾Fundingtop 18% Moattop 21% Markettop 29% Techtop 33% Fin. healthtop 41% Producttop 41% Newstop 46% Talenttop 47% Growthbottom 48% Globalbottom 39% Funding: Raised $117M across 20 rounds · 20 rounds over 11 yrs (1.8/yr) Moat: Top 5% by revenue among 616 tracked Consumer and SME Loans companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 69/100 | $292M FY2025 | $117M | 12 mo ago | +1% | 456 | WordPressMySQLPHP+29 | 8 signals ▼68% Leadership · Fundraising · Funding | — |
| 6 | Moneyview 🦄 Provider of loans, credit cards, gold investment, insurance, and UPI 90Fin. health top 17%Moat top 17%Market top 18%Funding top 18% All 9 signals ▾Fin. healthtop 17% Moattop 17% Markettop 18% Fundingtop 18% Growthtop 27% Talenttop 34% Techtop 38% Globalbottom 39% Newsbottom 32% Fin. health: Revenue ~$281M (FY2023) · Net margin 9.2% Moat: Top 1% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 9/10 rank vs industry peers · Fliar Intelligence Index 90/100 | $281M FY2025 | $220M | 6 mo ago | +71% | 582 582 → 1,248 (+114%) · sector median +30% | Node.jsMUIReact+18 | — | 1 award |
| 7 | Avanse Financial Services 🦄 Provider of financial services for education including loans and refinancing 80Funding top 20%Market top 23%Moat top 23%Fin. health top 26% All 10 signals ▾Fundingtop 20% Markettop 23% Moattop 23% Fin. healthtop 26% Techtop 36% Newstop 36% Growthtop 40% Producttop 42% Talentbottom 49% Globalbottom 39% Funding: Raised $299M across 15 rounds · 15 rounds over 20 yrs (0.8/yr) Market: 736 employees (top 11% of Fintech) · Revenue ~$278M rank vs industry peers · Fliar Intelligence Index 80/100 | $278M FY2025 | $299M | 9 mo ago | — | 736 736 → 1,296 (+76%) · sector median +30% | Animate.cssBootstrapAmazon Web Services+21 | 6 signals ▼33% Funding · Capital raise | 1 award |
| 8 | InCred 🦄 Provider of financial services specializing in personal, education, and business loans 91Funding top 17%Moat top 17%Fin. health top 20%Market top 22% All 9 signals ▾Fundingtop 17% Moattop 17% Fin. healthtop 20% Markettop 22% Talenttop 22% Techtop 27% Growthtop 33% Globalbottom 39% Newsbottom 37% Funding: Raised $318M across 13 rounds · 13 rounds over 9 yrs (1.4/yr) Moat: Top 1% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 9/10 rank vs industry peers · Fliar Intelligence Index 91/100 | $223M FY2025 | $318M | 11 mo ago | +46% | 2,127 | Apple iCloud MailGoogle WorkspaceRadix UI+16 | — | — |
| 9 | BharatPe 🦄 Provider of payment solutions, lending, and investment opportunities for businesses 84Funding top 15%Customers top 15%Moat top 17%Talent top 20% All 12 signals ▾Fundingtop 15% Customerstop 15% Moattop 17% Talenttop 20% Markettop 23% Innovationtop 27% Producttop 28% Newstop 29% Techtop 33% Fin. healthtop 38% Growthtop 47% Globalbottom 39% Funding: Raised $604M across 17 rounds · 17 rounds over 8 yrs (2.1/yr) Customers: Play-Store rating 4.25★ across 969,899 ratings (1 apps) · Review volume +59% in 6 mo rank vs industry peers · Fliar Intelligence Index 84/100 | $205M FY2025 | $604M | 3 mo ago | +17% | 898 | WordPressApple iCloud MailGoogle Workspace+29 | 37 signals ▲37% Leadership · Earnings · New product | 2 awards |
| 10 | Square Yards Provider of integrated technology-driven real estate solutions for buying, selling and renting properties 89Market top 20%Moat top 20%Customers top 24%Funding top 25% All 12 signals ▾Markettop 20% Moattop 20% Customerstop 24% Fundingtop 25% Talenttop 25% Techtop 26% Fin. healthtop 30% Newstop 33% Innovationtop 36% Growthtop 36% Globaltop 42% Producttop 42% Market: 3,396 employees (top 2% of FinTech) · Revenue ~$168M Moat: Top 1% by revenue among 209 tracked Residential Real Estate Tech companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 89/100 | $168M FY2025 | $61M | 6 mo ago | +41% | 3,396 | Node.jsRadix UITailwind CSS+17 | 19 signals ▲36% Earnings · Funding | — |
| 11 | Fibe Provider of personal loans, credit lines, and financial wellness solutions 83Funding top 18%Moat top 20%Fin. health top 21%Tech top 23% All 11 signals ▾Fundingtop 18% Moattop 20% Fin. healthtop 21% Techtop 23% Newstop 25% Growthtop 26% Markettop 28% Producttop 38% Talenttop 38% Innovationbottom 46% Globalbottom 39% Funding: Raised $252M across 12 rounds · 12 rounds over 11 yrs (1.1/yr) Moat: Top 2% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 83/100 | $150M FY2025 | $252M | 6 mo ago | +51% | 153 | Node.jsMUIBootstrap+22 | 13 signals ▲333% Funding · IPO · Capital raise | 2 partnerships |
| 12 | Oxyzo 🦄 Provider of financial solutions, including loans, for SMEs and corporates | $143M FY2025 | $201M | 12 mo ago | +34% | 537 537 → 676 (+26%) · sector median +30% | Node.jsGoogle Sign-inBootstrap+19 | — | 1 internship |
| 13 | True Balance Provider of personal loans and prepaid payment instruments via mobile wallet 82Funding top 20%Moat top 20%Fin. health top 29%Market top 30% All 9 signals ▾Fundingtop 20% Moattop 20% Fin. healthtop 29% Markettop 30% Techtop 30% Talenttop 38% Growthtop 39% Globalbottom 45% Newsbottom 38% Funding: Raised $90.0M across 11 rounds · 11 rounds over 11 yrs (1.0/yr) Moat: Top 2% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 82/100 | $108M FY2025 | $90M | 3 mo ago | +40% | 132 132 → 174 (+32%) · sector median +30% | WordPress Block EditorElementorWordPress+23 | — | 1 partnership · 1 expansion |
| 14 | Lendingkart Provider of unsecured business loans and working capital financing to MSMEs | $106M FY2025 | $228M | 14 mo ago | — | 986 986 → 1,467 (+49%) · sector median +30% | — | 4 signals ▼60% Funding · Earnings · M&A | 1 expansion |
| 15 | Branch Provider of digital financial services including loans, transfers, payments, and investments 93Growth top 13%Fin. health top 18%Moat top 21%Funding top 23% All 7 signals ▾Growthtop 13% Fin. healthtop 18% Moattop 21% Fundingtop 23% Markettop 25% Talenttop 28% Globalbottom 45% Growth: Headcount 129 → 204 (+58%) across vintages · Revenue +137% YoY Fin. health: Revenue ~$98.4M (FY2021) · Net margin 13.3% rank vs industry peers · Fliar Intelligence Index 93/100 | $98M FY2025 | $105M | 8 mo ago | +137% | 204 204 → 450 (+121%) · sector median +30% | — | — | 1 job opening · 1 partnership |
| 16 | Stashfin Provider of digital lending and instant credit line solutions for individuals | $85M FY2025 | $153M | 12 mo ago | — | 122 | WordPressMySQLPHP+21 | — | 1 award |
| 17 | Yubi 🦄 Online marketplace for business loans 80Tech top 15%Moat top 18%Funding top 23%Product top 30% All 12 signals ▾Techtop 15% Moattop 18% Fundingtop 23% Producttop 30% Innovationtop 33% Talenttop 33% Growthtop 42% Markettop 44% Fin. healthtop 44% AItop 45% Newsbottom 43% Globalbottom 39% Tech: 59 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Moat: Top 3% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 9/10 rank vs industry peers · Fliar Intelligence Index 80/100 | $84M FY2025 | $239M | 6 mo ago | +27% | 12 | SentryApple iCloud MailGoogle Workspace+24 | 3 signals ▼79% IPO · Earnings · Funding | — |
| 18 | Perfios 🦄 Provider of AI-driven platform for financial analysis, verification, and decisioning 87Moat top 16%Fin. health top 20%Funding top 23%Talent top 23% All 10 signals ▾Moattop 16% Fin. healthtop 20% Fundingtop 23% Talenttop 23% Markettop 25% Producttop 36% Techtop 44% Growthtop 45% AItop 45% Globalbottom 48% Moat: Top 1% by revenue among 105 tracked Insurance IT companies · Unicorn Fin. health: Revenue ~$83.8M (FY2018) · Net margin 15.6% rank vs industry peers · Fliar Intelligence Index 87/100 | $84M FY2025 | $270M | 12 mo ago | — | — | WordPressMySQLPHP+31 | — | 1 job opening |
| 19 | KreditBee 🦄 Platform providing personal loans, business loans, and loans against property 76News top 14%Moat top 18%Funding top 19%Market top 21% All 10 signals ▾Newstop 14% Moattop 18% Fundingtop 19% Markettop 21% Talenttop 28% Techtop 34% Fin. healthtop 35% Producttop 41% Growthbottom 39% Globalbottom 39% News: 9 BI events in 12 mo (of 79 tracked, 6 types) · +800% YoY Moat: Top 3% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 76/100 | $81M FY2025 | $256M | 2 mo ago | -3% | 592 | ZohoFirebaseBootstrap+15 | 9 signals ▲800% Funding · Capital raise | 5 awards |
| 20 | Auxilo Provider of financial products focused on education loans and related services 78Fin. health top 19%Moat top 20%Funding top 22%Market top 30% All 9 signals ▾Fin. healthtop 19% Moattop 20% Fundingtop 22% Markettop 30% Techtop 37% Growthtop 38% Talentbottom 49% Globalbottom 37% Newsbottom 34% Fin. health: Revenue ~$64.3M (FY2024) · Net margin 21.2% Moat: Top 1% by revenue among 422 tracked Higher Education Tech companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 78/100 | $64M FY2025 | $127M | 6 mo ago | +48% | 392 392 → 547 (+40%) · sector median +30% | Bootstrapcore-jsSweetAlert2+13 | 3 signals ▼79% Funding · Earnings | 5 job openings · 1 internship |
| 21 | Indifi Provider of loan products and services for small and medium businesses 72Funding top 18%Moat top 21%Market top 25%Talent top 32% All 11 signals ▾Fundingtop 18% Moattop 21% Markettop 25% Talenttop 32% Producttop 37% Innovationtop 39% Newstop 39% Fin. healthtop 43% Growthtop 49% Techbottom 45% Globalbottom 39% Funding: Raised $90.8M across 8 rounds · 8 rounds over 11 yrs (0.7/yr) Moat: Top 5% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 72/100 | $45M FY2025 | $91M | 2 mo ago | +20% | 509 509 → 806 (+58%) · sector median +30% | Node.jsAmazon Web ServicesNginx+17 | 4 signals ▲33% Funding · Earnings | — |
| 22 | Olyv A personal loan and financial solutions provider 80Growth top 22%News top 22%Fin. health top 23%Moat top 25% All 10 signals ▾Growthtop 22% Newstop 22% Fin. healthtop 23% Moattop 25% Fundingtop 26% Talenttop 28% Techtop 37% Markettop 48% Partnersbottom 49% Globalbottom 39% Growth: Revenue +41% YoY · Fresh capital in last 24 mo News: 6 BI events in 12 mo (of 10 tracked, 4 types) · +200% YoY rank vs industry peers · Fliar Intelligence Index 80/100 | $42M FY2025 | $27M | 4 mo ago | +41% | 16 | WordPress Site EditorElementorWordPress+21 | 6 signals ▲200% Funding · Contracts | — |
| 23 | Ummeed Housing Finance Real estate financing company 72Product top 21%Funding top 22%Moat top 29%Growth top 31% All 10 signals ▾Producttop 21% Fundingtop 22% Moattop 29% Growthtop 31% Markettop 33% Fin. healthtop 36% Talenttop 38% Techbottom 40% Globalbottom 39% Newsbottom 22% Product: 4 published apps (84.0k installs) · Company stage: Series F Funding: Raised $114M across 8 rounds · 8 rounds over 10 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 72/100 | $38M FY2025 | $114M | 10 mo ago | +31% | 1,654 1,654 → 1,086 (-34%) · sector median +30% | DrupalPHPBootstrap+20 | — | 4 job openings |
| 24 | Unnati Provider of banking services agri inputs and crop output sales 50Moat top 22%News top 24%Talent top 28%Funding top 37% All 9 signals ▾Moattop 22% Newstop 24% Talenttop 28% Fundingtop 37% Markettop 39% Growthbottom 46% Fin. healthbottom 44% Techbottom 38% Globalbottom 37% Moat: Top 2% by revenue among 1177 tracked Crop Tech companies · Editorial + unicorn rating 7/10 News: 5 BI events in 12 mo (of 15 tracked, 4 types) · 5 high-value events (IPO/M&A/funding/contracts) in 12 mo rank vs industry peers · Fliar Intelligence Index 50/100 | $35M FY2025 | $14M | 2 mo ago | -43% | 277 277 → 153 (-45%) · sector median +30% | PHPGoogle MapsCodeIgniter+15 | 5 signals M&A | — |
| 25 | Aerem Solar financing, equipment procurement, and performance monitoring solutions 76Fin. health top 23%Growth top 27%Moat top 27%Funding top 32% All 10 signals ▾Fin. healthtop 23% Growthtop 27% Moattop 27% Fundingtop 32% Techtop 33% Talenttop 38% Producttop 47% Markettop 49% Globalbottom 39% Newsbottom 21% Fin. health: Revenue ~$33.1M (FY2024) · Net margin 9.6% Growth: Headcount 44 → 59 (+34%) across vintages · Revenue +58% YoY rank vs industry peers · Fliar Intelligence Index 76/100 | $33M FY2025 | $8M | 4 mo ago | +58% | 59 | Webflow EcommerceWebflowGSAP+20 | — | — |
| 26 | BankBazaar Online platform providing tools for comparing and applying for financial products 69Customers top 21%Moat top 22%Funding top 24%Market top 26% All 12 signals ▾Customerstop 21% Moattop 22% Fundingtop 24% Markettop 26% Talenttop 28% Producttop 29% Techtop 33% Innovationtop 39% Fin. healthtop 48% Globalbottom 39% Growthbottom 35% Newsbottom 27% Customers: Play-Store rating 4.42★ across 144,966 ratings (1 apps) · Review volume +2% in 6 mo Moat: Top 6% by revenue among 363 tracked Banking Tech companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 69/100 | $30M FY2025 | $126M | 4 mo ago | — | 943 943 → 696 (-26%) · sector median +30% | WordPressApple iCloud MailMicrosoft 365+24 | — | — |
| 27 | Girnar Finserv Provider of financial services and solutions | $27M FY2025 | $84M | 14 mo ago | -54% | 309 | — | — | — |
| 28 | Bizongo Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions 62Moat top 21%Funding top 26%Market top 36%Tech top 36% All 11 signals ▾Moattop 21% Fundingtop 26% Markettop 36% Techtop 36% Producttop 41% AItop 45% Talentbottom 49% Fin. healthbottom 48% Growthbottom 43% Globalbottom 39% Newsbottom 27% Moat: Top 4% by revenue among 334 tracked E-Commerce Enablers companies · Editorial + unicorn rating 8/10 Funding: Raised $253M across 12 rounds · 12 rounds over 11 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $23M FY2023 | $253M | 15 mo ago | +37% | 272 | WebflowYouTubeGoogle Cloud+21 | — | — |
| 29 | BlackSoil Provider of alternative debt and supply chain financing solutions to businesses 64Funding top 22%Talent top 23%Fin. health top 32%Moat top 37% All 11 signals ▾Fundingtop 22% Talenttop 23% Fin. healthtop 32% Moattop 37% Producttop 39% Markettop 44% Innovationtop 45% Growthtop 47% Techbottom 45% Globalbottom 37% Newsbottom 24% Funding: Raised $298M across 7 rounds · 7 rounds over 8 yrs (0.9/yr) Talent: 6 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 64/100 | $23M FY2025 | $298M | 3 mo ago | +20% | 82 82 → 171 (+109%) · sector median +30% | WordPressMySQLPHP+13 | — | 1 award |
| 30 | ACHF Provider of home loans, self-construction loans, home improvement, and refinance 69Moat top 25%Funding top 28%Fin. health top 30%Growth top 32% All 8 signals ▾Moattop 25% Fundingtop 28% Fin. healthtop 30% Growthtop 32% Markettop 37% Talenttop 38% Globalbottom 48% Techbottom 36% Moat: Top 9% by revenue among 743 tracked Alternative Lending companies · Soonicorn Funding: Raised $75.5M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) rank vs industry peers · Fliar Intelligence Index 69/100 | $19M FY2025 | $75M | 10 mo ago | +32% | — | PHPChart.jsBootstrap+11 | — | 5 job openings |
| 31 | Vayana Provider of a platform facilitating trade credit and supply chain finance 60Product top 21%Moat top 23%Funding top 25%Innovation top 39% All 11 signals ▾Producttop 21% Moattop 23% Fundingtop 25% Innovationtop 39% Techtop 39% Growthtop 42% Markettop 45% Fin. healthbottom 49% Talentbottom 49% Globalbottom 39% Newsbottom 21% Product: 12 distinct product lines · Company stage: Series D Moat: Top 9% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 60/100 | $18M FY2024 | $83M | 11 mo ago | +27% | 73 | WordPressMySQLPHP+16 | — | — |
| 32 | Snapmint Online retailer of electronics, appliances, fashion, and home and kitchenware 82Tech top 19%News top 23%Talent top 23%Moat top 25% All 9 signals ▾Techtop 19% Newstop 23% Talenttop 23% Moattop 25% Fundingtop 31% Growthtop 33% Fin. healthtop 35% Markettop 39% Globalbottom 45% Tech: 61 technologies across 6/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront News: 7 BI events in 12 mo (of 19 tracked, 2 types) · +133% YoY rank vs industry peers · Fliar Intelligence Index 82/100 | $18M FY2025 | $42M | 12 mo ago | — | 177 | Node.jsTailwind CSSReact+21 | 7 signals ▲133% Funding · Capital raise | — |
| 33 | Ecofy Financial solutions for the electric vehicle, solar, and SME sectors 69Growth top 16%News top 19%Moat top 26%Funding top 30% All 11 signals ▾Growthtop 16% Newstop 19% Moattop 26% Fundingtop 30% Talenttop 38% Markettop 39% Fin. healthtop 42% Techtop 44% Producttop 49% Innovationbottom 40% Globalbottom 39% Growth: Headcount 119 → 208 (+75%) across vintages · Revenue +206% YoY News: 6 BI events in 12 mo (of 17 tracked, 5 types) · +200% YoY rank vs industry peers · Fliar Intelligence Index 69/100 | $13M FY2025 | $11M | 1 mo ago | +206% | 208 208 → 422 (+103%) · sector median +30% | DrupalPHPBootstrap+16 | 6 signals ▲200% Funding · Capital raise | — |
| 34 | Easy Home Finance Provider of home loans and refinancing options 60Moat top 21%Funding top 26%Product top 29%Growth top 35% All 11 signals ▾Moattop 21% Fundingtop 26% Producttop 29% Growthtop 35% Innovationtop 38% Talenttop 38% Markettop 41% Newstop 46% Fin. healthbottom 45% Globalbottom 39% Techbottom 35% Moat: Top 11% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 7/10 Funding: Raised $61.3M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 60/100 | $12M FY2025 | $61M | 4 mo ago | — | 743 743 → 951 (+28%) · sector median +30% | UbuntuAnimate.cssBootstrap+8 | 5 signals ▼38% Funding · Capital raise | 1 job opening · 2 expansions · 1 award |
| 35 | Refyne Provider of earned wage access and financial wellness solutions 69Moat top 21%Tech top 28%Innovation top 33%Funding top 33% All 11 signals ▾Moattop 21% Techtop 28% Innovationtop 33% Fundingtop 33% Markettop 39% Producttop 42% Growthtop 43% Fin. healthtop 44% Talentbottom 49% Globalbottom 45% Newsbottom 24% Moat: Top 5% by revenue among 1371 tracked HRTech companies · Editorial + unicorn rating 8/10 Tech: 47 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 rank vs industry peers · Fliar Intelligence Index 69/100 | $11M FY2025 | $106M | 12 mo ago | — | 150 150 → 194 (+29%) · sector median +30% | WebflowApple iCloud MailGoogle Workspace+17 | — | — |
| 36 | StrideOne Provider of financial solutions for startups and their supply chain 57Moat top 24%Talent top 28%Funding top 31%Growth top 35% All 9 signals ▾Moattop 24% Talenttop 28% Fundingtop 31% Growthtop 35% Newstop 36% Techtop 45% Markettop 47% Fin. healthbottom 39% Globalbottom 37% Moat: Top 12% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 57/100 | $10M FY2025 | $48M | 3 mo ago | +8% | 131 131 → 128 (-2%) · sector median +30% | WordPressMySQLPHP+15 | 3 signals Funding | — |
| 37 | Monedo Provider of financial services including consumer, healthcare, education, and SME finance 45Moat top 19%Fin. health top 39%Funding top 41%Talent bottom 45% All 7 signals ▾Moattop 19% Fin. healthtop 39% Fundingtop 41% Talentbottom 45% Marketbottom 44% Techbottom 42% Globalbottom 36% Moat: Top 14% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 Fin. health: Revenue ~$7.1M (FY2022) · Net margin 36.9% rank vs industry peers · Fliar Intelligence Index 45/100 | $7M FY2025 | $312M | 14 mo ago | — | 41 | WordPressMySQLPHP+22 | — | 2 job openings |
| 38 | indiagold Provider of gold loans and digital gold and gold coins 50Customers top 26%Moat top 30%Talent top 38%Funding top 39% All 11 signals ▾Customerstop 26% Moattop 30% Talenttop 38% Fundingtop 39% Techtop 44% Markettop 45% Growthtop 48% Productbottom 47% Globalbottom 39% Fin. healthbottom 34% Newsbottom 27% Customers: Play-Store rating 4.55★ across 25,768 ratings (1 apps) · Review volume +2% in 6 mo Moat: Top 19% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 50/100 | $4M FY2025 | $24M | 3 mo ago | +8% | 264 264 → 273 (+3%) · sector median +30% | Node.jsRadix UITailwind CSS+19 | — | 2 job openings |
| 39 | Dugar Finance Provider of MSME, vehicle, mortgage, and solar loans 57Growth top 25%Funding top 41%Fin. health top 45%Tech top 50% All 7 signals ▾Growthtop 25% Fundingtop 41% Fin. healthtop 45% Techtop 50% Marketbottom 49% Talentbottom 49% Globalbottom 36% Growth: Revenue +44% YoY · Web rank 50,000,000 → 10,000,000 YoY Funding: Raised $26.0M across 3 rounds · 3 rounds over 1 yrs (3.0/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $4M FY2025 | $26M | 3 mo ago | +44% | — | WordPress Block EditorwpBakeryWordPress+28 | — | 2 job openings · 3 expansions |
| 40 | Knight FinTech A digital banking technology company that provides full-stack banking solutions for lending, treasury… 50News top 32%Growth top 33%Funding top 35%Talent top 38% All 9 signals ▾Newstop 32% Growthtop 33% Fundingtop 35% Talenttop 38% Moattop 48% Marketbottom 48% Globalbottom 45% Techbottom 44% Fin. healthbottom 34% News: 4 BI events in 12 mo (of 6 tracked, 2 types) · Top themes: Funding, Capital raise Growth: Headcount 178 → 291 (+63%) across vintages · Revenue +4% YoY rank vs industry peers · Fliar Intelligence Index 50/100 | $4M FY2025 | $33M | 5 mo ago | +4% | 291 291 → 352 (+21%) · sector median +30% | Windows ServerMicrosoft ASP.NETBootstrap+18 | 4 signals Funding · Capital raise | — |
| 41 | Jai Kisan Fintech providing credit and financial solutions for farmers, retailers, and MSMEs 37Moat top 20%Funding top 32%Talent top 38%Product top 40% All 11 signals ▾Moattop 20% Fundingtop 32% Talenttop 38% Producttop 40% Innovationtop 43% Markettop 48% Techbottom 40% Globalbottom 39% Growthbottom 35% Fin. healthbottom 23% Newsbottom 21% Moat: Top 17% by revenue among 1177 tracked Crop Tech companies · Editorial + unicorn rating 8/10 Funding: Raised $85.6M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 37/100 | $4M FY2025 | $86M | 14 mo ago | -36% | 158 | WebflowApple iCloud MailGoogle Workspace+9 | — | — |
| 42 | HomeCapital Provider of resources and community for navigating the home buying process 62Growth top 20%Funding top 35%Market top 45%Talent bottom 49% All 6 signals ▾Growthtop 20% Fundingtop 35% Markettop 45% Talentbottom 49% Globalbottom 48% Fin. healthbottom 43% Growth: Revenue +42% YoY · Fresh capital in last 24 mo Funding: Raised $33.7M across 10 rounds · 10 rounds over 9 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $3M FY2025 | $34M | 9 mo ago | +42% | 92 | — | — | — |
| 43 | Optimo Capital Provider of loan against property products for micro, small, and medium enterprises 62Growth top 26%Funding top 32%Fin. health top 36%Tech top 38% All 8 signals ▾Growthtop 26% Fundingtop 32% Fin. healthtop 36% Techtop 38% Moattop 45% Talentbottom 49% Globalbottom 45% Marketbottom 41% Growth: Revenue +5618% YoY · Web rank 5,000,000 → 10,000,000 YoY Funding: Raised $50.8M across 4 rounds · 4 rounds over 2 yrs (2.0/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $2M FY2025 | $51M | 3 mo ago | +5618% | — | TurbopackNode.jsRadix UI+16 | — | 1 launch |
| 44 | Care.fi Provider of financial solutions for hospitals, doctors, and allied healthcare suppliers 37Moat top 35%Funding top 38%Talent top 38%News top 44% All 11 signals ▾Moattop 35% Fundingtop 38% Talenttop 38% Newstop 44% Growthtop 45% Marketbottom 47% Productbottom 45% Innovationbottom 41% Fin. healthbottom 39% Globalbottom 37% Techbottom 31% Moat: Top 20% by revenue among 830 tracked Healthcare IT companies · Editorial + unicorn rating 5/10 Funding: Raised $5.6M across 9 rounds · 9 rounds over 4 yrs (2.2/yr) rank vs industry peers · Fliar Intelligence Index 37/100 | $858K FY2025 | $6M | 4 mo ago | +34% | 32 32 → 72 (+125%) · sector median +30% | Tailwind CSSAnt DesignReact+6 | 6 signals ▼73% Funding · M&A | — |
| 45 | Finsall Provider of financing solutions for insurance premiums through monthly installments 53Growth top 18%Talent top 35%Moat top 43%Funding top 45% All 10 signals ▾Growthtop 18% Talenttop 35% Moattop 43% Fundingtop 45% Fin. healthbottom 43% Productbottom 40% Marketbottom 37% Globalbottom 36% Techbottom 30% Newsbottom 22% Growth: Headcount 35 → 49 (+40%) across vintages · Revenue +108% YoY Talent: 4 named leaders on record rank vs industry peers · Fliar Intelligence Index 53/100 | $703K FY2025 | $4M | 1 mo ago | +108% | 49 49 → 76 (+55%) · sector median +30% | Amazon Web ServicesSendinblueGoogle Workspace | — | 1 launch |
| 46 | FREED Provider of debt settlement, EMI reduction, and credit score improvement services | $633K FY2025 | $10M | 3 mo ago | -36% | 181 181 → 258 (+43%) · sector median +30% | VuetifyVue.jsAmazon Web Services+18 | 5 signals ▲150% Funding | — |
| 47 | Oolka Provider of AI-powered credit management solutions, aiming to democratize access to credit and promote… 55Growth top 12%News top 19%Funding top 40%AI top 45% All 11 signals ▾Growthtop 12% Newstop 19% Fundingtop 40% AItop 45% Techtop 46% Talentbottom 49% Productbottom 48% Moatbottom 45% Fin. healthbottom 41% Globalbottom 37% Marketbottom 31% Growth: Revenue +1885967% YoY · Web rank 5,000,000 → 1,000,000 YoY News: 9 BI events in 12 mo (of 9 tracked, 1 types) · 9 high-value events (IPO/M&A/funding/contracts) in 12 mo rank vs industry peers · Fliar Intelligence Index 55/100 | $458K FY2025 | $7M | 1 mo ago | +1885967% | 20 | Apple iCloud MailNode.jsChakra UI+15 | 9 signals Funding | — |
| 48 | Solfin Provider of SME loans for solar projects 50Growth top 17%Funding top 34%Tech top 40%Talent bottom 49% All 8 signals ▾Growthtop 17% Fundingtop 34% Techtop 40% Talentbottom 49% Moatbottom 44% Fin. healthbottom 40% Marketbottom 34% Globalbottom 32% Growth: Revenue +902% YoY · Web rank 10,000,000 → 5,000,000 YoY Funding: Raised $54.6M across 4 rounds · 4 rounds over 3 yrs (1.3/yr) rank vs industry peers · Fliar Intelligence Index 50/100 | $352K FY2025 | $55M | 0 mo ago | +902% | — | Node.jsUbuntuChart.js+19 | — | 1 award |
| 49 | Weaver Provider of affordable housing finance, specializing in low-cost housing solutions 13Funding top 18%Talent top 28%Global bottom 45%Tech bottom 41% All 6 signals ▾Fundingtop 18% Talenttop 28% Globalbottom 45% Techbottom 41% Fin. healthbottom 13% Marketbottom 8% Funding: Raised $326M across 2 rounds · 2 rounds over 1 yrs (2.0/yr) Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 13/100 | $12K FY2025 | $326M | 3 mo ago | — | — | Radix UITailwind CSSshadcn/ui+8 | — | — |
| 50 | FlexiLoans Provider of business loans and financing solutions for small enterprises 60Tech top 21%Talent top 28%Funding top 30%Innovation top 33% All 11 signals ▾Techtop 21% Talenttop 28% Fundingtop 30% Innovationtop 33% Producttop 33% Growthtop 42% Marketbottom 43% Globalbottom 39% Newsbottom 34% Moatbottom 34% Fin. healthbottom 27% Tech: 69 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 60/100 | $8K FY2025 | $97M | 12 mo ago | — | 610 610 → 699 (+15%) · sector median +30% | Apple iCloud MailGoogle WorkspaceApexCharts.js+33 | — | — |
Top 12 Alternative Lending companies in India
#1
BharatPe 🦄Series E · Gurugram, Haryana · founded 2018 · 898 employees$604Mraised▾
BharatPe 🦄
Series E · Gurugram, Haryana · founded 2018 · 898 employees
Provider of payment solutions, lending, and investment opportunities for businesses. It offers tools for payment acceptance, including QR codes and card payment devices. Additionally, it facilitates business loans and provides an investment platform. The company aims to support businesses with financial products.
Fliar Intelligence Index™ 84how this company ranks against its industry peers
Funding
top 15%Customers
top 15%Moat
top 17%Talent
top 20%Market
top 23%Innovation
top 27%Funding: Raised $604M across 17 rounds · 17 rounds over 8 yrs (2.1/yr) · Last round Conventional Debt (Mar 2026)
Customers: Play-Store rating 4.25★ across 969,899 ratings (1 apps) · Review volume +59% in 6 mo · Marquee-customer mentions: top 10% of tracked companies
Moat: Top 1% by revenue among 743 tracked Payments companies · Editorial + unicorn rating 9/10 · Unicorn
Audience (LinkedIn): 354k LinkedIn followers — 9.2% of this cohort's audience
Activity (LinkedIn): 2 awards announced in 12 mo
Funding rounds
- Mar 2026Conventional Debt$10M
- May 2025Conventional Debt$15M
- Jul 2024Venture Debt$10.2M
- Jan 2024Venture Debt$100M
Founders & team
Investors
Coatue, Ribbit Capital, Amplo, Insight Partners, Steadview, Grace Software Holdings
Tech stack
A3 Lazy LoadAmazon CloudfrontAmazon S3Amazon Web ServicesAnimate.CssAos
#2
Series E · Bengaluru, Karnataka · founded 2017 · 592 employees$255.7Mraised▾
Series E · Bengaluru, Karnataka · founded 2017 · 592 employees
Platform providing personal loans, business loans, and loans against property. It facilitates loan transactions between borrowers and personal loan providers. The platform offers various financial products and services, including flexi personal loans and two-wheeler loans. The application process is online, with funds disbursed to the applicant's bank account upon approval.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
News
top 14%Moat
top 18%Funding
top 19%Market
top 21%Talent
top 28%Tech
top 34%News: 9 BI events in 12 mo (of 79 tracked, 6 types) · +800% YoY · 5 high-value events (IPO/M&A/funding/contracts) in 12 mo
Moat: Top 3% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 · Unicorn
Funding: Raised $256M across 9 rounds · 9 rounds over 9 yrs (1.0/yr) · Last round Series E (Apr 2026)
Audience (LinkedIn): 54k LinkedIn followers
Activity (LinkedIn): 5 awards announced in 12 mo
Funding rounds
- Apr 2026Series E$220M
- Mar 2024Series D$9.4M
- Jan 2023Series D$24.3M
- Dec 2022Series D$18.2M
Founders & team
Investors
MUFG, Premji Invest, Motilal Oswal, Mirae Asset Venture Investments, Wiseanya, Newquest
Tech stack
Amazon Web ServicesBabelBootstrapCloudflareCloudflare Bot ManagementCloudflare Browser Insights
#3
Series C · Mumbai, Maharashtra · founded 2010 · 82 employees$298.1Mraised▾
Series C · Mumbai, Maharashtra · founded 2010 · 82 employees
Provider of alternative debt and supply chain financing solutions to businesses. It focuses on providing debt to growing businesses underserved by traditional financial institutions. The company underwrites business models of emerging financial institutions. It also operates a supply chain fintech platform to streamline financing for suppliers and buyers.
Fliar Intelligence Index™ 64how this company ranks against its industry peers
Funding
top 22%Talent
top 23%Fin. health
top 32%Moat
top 37%Product
top 39%Market
top 44%Funding: Raised $298M across 7 rounds · 7 rounds over 8 yrs (0.9/yr) · Last round Conventional Debt (Mar 2026)
Talent: 6 named leaders on record · 3 C-suite/founder profiles curated
Fin. health: Revenue ~$22.5M (FY2021) · Net margin 17.1% · Revenue +20% YoY
Audience (LinkedIn): 13k LinkedIn followers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Mar 2026Conventional Debt$22M
- Dec 2025Series C$7.2M
- Mar 2024Conventional Debt$205.4M
- Mar 2024Series C$12.1M
Founders & team
Investors
Allcargo Logistics, Navneet Publications, Florintree, MAHAVIR AGENCIES, FMO, Caspian
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesApache Http ServerCdnjsCloudflare
#4
Late Stage · Mumbai, Maharashtra · founded 2025$326Mraised▾
Late Stage · Mumbai, Maharashtra · founded 2025
Provider of affordable housing finance, specializing in low-cost housing solutions.
Fliar Intelligence Index™ 13how this company ranks against its industry peers
Funding
top 18%Talent
top 28%Global
bottom 45%Tech
bottom 41%Fin. health
bottom 13%Market
bottom 8%Funding: Raised $326M across 2 rounds · 2 rounds over 1 yrs (2.0/yr) · Last round Unattributed (Mar 2026)
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Global: Investors from 1 country beyond India
Audience (LinkedIn): 2k LinkedIn followers
Hiring (LinkedIn): 2 hiring posts in 12 mo (public) · hiring: Company Secretary, Senior DevOps Engineer
Funding rounds
- Mar 2026Unattributed$156M
- Aug 2025Unattributed$170M
Founders & team
Investors
Lightspeed Venture Partners, Premji Invest, Gaja Capital
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesGoogle WorkspaceHttp/3Open Graph
#5
Series E · Gurugram, Haryana · founded 2015 · 509 employees$90.8Mraised▾
Series E · Gurugram, Haryana · founded 2015 · 509 employees
Provider of loan products and services for small and medium businesses. It offers term loans, lines of credit, invoice discounting, and merchant cash advances. These financial solutions are customized for various sectors, including travel, e-commerce, hotels, retail, restaurants, and startups. The company facilitates loan access through its financing partners.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Funding
top 18%Moat
top 21%Market
top 25%Talent
top 32%Product
top 37%Innovation
top 39%Funding: Raised $90.8M across 8 rounds · 8 rounds over 11 yrs (0.7/yr) · Last round Conventional Debt (Mar 2026)
Moat: Top 5% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 · Soonicorn
Market: 509 employees (top 15% of SaaS) · Revenue ~$44.7M · Top 5% by revenue among 743 tracked Alternative Lending peers
Audience (LinkedIn): 67k LinkedIn followers
Funding rounds
- Mar 2026Conventional Debt$4.2M
- Jun 2023Series E$35.2M
- Nov 2021Conventional Debt$22.1M
- Aug 2021Series D$19.5M
Founders & team
Investors
Vivriti Capital, Northern Arc Capital, SIDBI, DFC, Accel, Elevar Equity
Tech stack
Amazon S3Amazon SesAmazon Web ServicesAws Certificate ManagerCore-JsExpress
#6
Series C · Gurugram, Haryana · founded 2022$54.6Mraised▾
Series C · Gurugram, Haryana · founded 2022
Provider of SME loans for solar projects. Company collaborates with real estate developers to finance and oversee the development of community-scale, ground-mounted solar arrays that generate clean power.
Fliar Intelligence Index™ 50how this company ranks against its industry peers
Growth
top 17%Funding
top 34%Tech
top 40%Talent
bottom 49%Moat
bottom 44%Fin. health
bottom 40%Growth: Revenue +902% YoY · Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo
Funding: Raised $54.6M across 4 rounds · 4 rounds over 3 yrs (1.3/yr) · Last round Series C (May 2026)
Tech: 30 technologies across 5/8 capability areas · Cloud: Cloudflare · Devops: Nginx
Audience (LinkedIn): 3k LinkedIn followers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- May 2026Series C$28.9M
- Feb 2026Series B$13.7M
- May 2025Series A$11.7M
- Mar 2023Seed$213K
Founders & team
Investors
Waaree Sustainable Finance, PointOne Capital, QED Innovation Labs, LetsVenture, Arham Investment, Navkar Ventures
Tech stack
Animate.CssBootstrapCdnjsChart.JsCloudflareEmotion
#7
Series F · Pune, Maharashtra · founded 2015 · 153 employees$252.5Mraised▾
Series F · Pune, Maharashtra · founded 2015 · 153 employees
Provider of personal loans, credit lines, and financial wellness solutions. It offers individuals access to various credit products and tools. These include personal loans, credit cards, and employee financial wellness programs. The company facilitates access to credit and resources for managing personal finances.
Fliar Intelligence Index™ 83how this company ranks against its industry peers
Funding
top 18%Moat
top 20%Fin. health
top 21%Tech
top 23%News
top 25%Growth
top 26%Funding: Raised $252M across 12 rounds · 12 rounds over 11 yrs (1.1/yr) · Last round Series F (Dec 2025)
Moat: Top 2% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 · Soonicorn
Fin. health: Revenue ~$150M (FY2021) · Net margin 6.8% · Revenue +51% YoY
Audience (LinkedIn): 37k LinkedIn followers · 138 engagements/post (2.4× cohort median)
Activity (LinkedIn): 2 partnerships (incl. Cordelia Cruises) announced in 12 mo
Funding rounds
- Dec 2025Series F$35M
- Aug 2025Conventional Debt$25.7M
- May 2024Series E$65.5M
- Aug 2022Series D$97.1M
Founders & team
Investors
Alteria Capital, Innoven Capital, Eight Roads Ventures, Chiratae Ventures, IDG Ventures, The Rise Fund
Tech stack
A3 Lazy LoadAmazon CloudfrontAmazon S3Amazon Web ServicesAnt DesignApache Http Server
#8
Series D · Chennai, Tamil Nadu · founded 2008 · 943 employees$125.7Mraised▾
Series D · Chennai, Tamil Nadu · founded 2008 · 943 employees
Online platform providing tools for comparing and applying for financial products. It offers resources for credit cards, loans, and investment options. The platform enables users to assess eligibility and calculate payments. It also provides access to credit scores and related reports.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Customers
top 21%Moat
top 22%Funding
top 24%Market
top 26%Talent
top 28%Product
top 29%Customers: Play-Store rating 4.42★ across 144,966 ratings (1 apps) · Review volume +2% in 6 mo · Marquee-customer mentions: top 10% of tracked companies
Moat: Top 6% by revenue among 363 tracked Banking Tech companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $126M across 11 rounds · 11 rounds over 18 yrs (0.6/yr) · Last round Series D (Feb 2026)
Audience (LinkedIn): 50k LinkedIn followers
Funding rounds
- Feb 2026Series D$441.4K
- Dec 2025Venture Debt$2.2M
- Apr 2025Series D$6.4M
- Oct 2024Series D$1.9M
Founders & team
Investors
Eight Roads Ventures, The Alexa Fund, Walden International, Amazon, GUS Holdings, Peak XV Partners
Tech stack
Amazon AlbAmazon Web ServicesApple Icloud MailCloudflareCore-JsDigicert
#9
Series D · Gurugram, Haryana · founded 2014 · 132 employees$90Mraised▾
Series D · Gurugram, Haryana · founded 2014 · 132 employees
Provider of personal loans and prepaid payment instruments via mobile wallet. It facilitates personal loans to salaried and self-employed individuals, with loan limits determined by credit score and income. It also provides a mobile wallet that facilitates recharges and bill payments.
Fliar Intelligence Index™ 82how this company ranks against its industry peers
Funding
top 20%Moat
top 20%Fin. health
top 29%Market
top 30%Tech
top 30%Talent
top 38%Funding: Raised $90.0M across 11 rounds · 11 rounds over 11 yrs (1.0/yr) · Last round Conventional Debt (Mar 2026)
Moat: Top 2% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 · Soonicorn
Fin. health: Revenue ~$108M (FY2022) · Net margin 4.1% · Revenue +40% YoY
Audience (LinkedIn): 76k LinkedIn followers
Activity (LinkedIn): 1 partnerships · 1 expansions (incl. YES BANK) announced in 12 mo
Funding rounds
- Mar 2026Conventional Debt$10M
- Dec 2025Venture Debt$75M
- Aug 2025Venture Debt—
- 2025Venture Debt—
Founders & team
Investors
Northern Arc Capital, Arthmate, Shinestar, IMM Investment, Korean Development Bank, Mega Investment
Tech stack
Amazon Web ServicesAstraCore-JsElementorElementor Header & Footer BuilderFacebook Pixel
#10
Series E · Bengaluru, Karnataka · founded 2014 · 582 employees$219.8Mraised▾
Series E · Bengaluru, Karnataka · founded 2014 · 582 employees
Provider of personal loans, home loans, credit cards, and other services. The platform facilitates access to financial products through its lending and banking partners. Services include personal loans, home loans, business loans, loans against property, and credit cards. It also provides options for fixed deposits, gold investment, and vehicle insurance. The platform offers credit tracking and unified payment interface services.
Fliar Intelligence Index™ 90how this company ranks against its industry peers
Fin. health
top 17%Moat
top 17%Market
top 18%Funding
top 18%Growth
top 27%Talent
top 34%Fin. health: Revenue ~$281M (FY2023) · Net margin 9.2% · Revenue +71% YoY
Moat: Top 1% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 9/10 · Unicorn
Market: 582 employees (top 13% of Fintech) · Revenue ~$281M · ~3% of tracked Alternative Lending revenue (743 cos, FY2025)
Audience (LinkedIn): 137k LinkedIn followers — 3.5% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Nov 2025Conventional Debt$11.4M
- Mar 2025Series E$2.4M
- Sep 2024Series E$4.7M
- Sep 2024Conventional Debt$29.8M
Founders & team
Investors
Tiger Global Management, Accel, South Park Commons, Trusted Insight, TI Platform Management, Crimson Winter
Tech stack
Amazon CloudfrontAmazon Web ServicesApache Http ServerAws Certificate ManagerBootstrapCore-Js
#11
Yubi 🦄Series B · Chennai, Tamil Nadu · founded 2020 · 12 employees$239.5Mraised▾
Yubi 🦄
Series B · Chennai, Tamil Nadu · founded 2020 · 12 employees
Online marketplace for business loans. It offers a debt marketplace that enables businesses to raise capital with a proprietary matchmaking algorithm and a deal execution engine. The platform also provides a robust AI-enabled, SaaS-based debt recovery platform and a collections platform. It also features like AI-based analytics, automated custom reports, API integration, and monitoring tools.
Fliar Intelligence Index™ 80how this company ranks against its industry peers
Tech
top 15%Moat
top 18%Funding
top 23%Product
top 30%Innovation
top 33%Talent
top 33%Tech: 59 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Devops: Envoy
Moat: Top 3% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 9/10 · Unicorn
Funding: Raised $239M across 5 rounds · 5 rounds over 5 yrs (1.0/yr) · Last round Conventional Debt (Nov 2025)
Audience (LinkedIn): 157k LinkedIn followers — 4.1% of this cohort's audience
Funding rounds
- Nov 2025Conventional Debt$33.8M
- Nov 2025Series B$4.1M
- Mar 2022Series B$137M
- Sep 2021Series A$91.8M
Founders & team
Investors
TVS Capital Funds, CRED, Creation Investments, Pratithi Investments, DSP Mutual Fund, Stride Ventures
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAmplitudeAnimate.CssAos
#12
Series B · Gurugram, Haryana · founded 2021 · 131 employees$48Mraised▾
Series B · Gurugram, Haryana · founded 2021 · 131 employees
Provider of financial solutions for startups and their supply chain. The company offers credit and non-credit options to address financial needs. It delivers customized financial solutions to small and medium-sized enterprises and supply chain partners. The company focuses on providing access to growth capital for businesses.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
Moat
top 24%Talent
top 28%Funding
top 31%Growth
top 35%News
top 36%Tech
top 45%Moat: Top 12% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 · Soonicorn
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Funding: Raised $48.0M across 7 rounds · 7 rounds over 5 yrs (1.4/yr) · Last round Series B (Mar 2026)
Audience (LinkedIn): 9k LinkedIn followers
Funding rounds
- Mar 2026Series B$11M
- Mar 2026Conventional Debt—
- Dec 2023Unattributed$3.2M
- Aug 2022Unattributed$6.5M
Founders & team
Investors
Matrix, WaterBridge, Whiteboard Capital, Rising Straits, Elevar Equity, JSW Group
Tech stack
Amazon CloudfrontAmazon SesAmazon Web ServicesAosApache Http ServerAws Certificate Manager
Funding & investor landscape
$12.8Btotal disclosed funding
435companies funded
1,533disclosed rounds
14rounds last 90 days
Most active investors
QED Innovation Labs18 rounds
Notable founders
Shashvat Nakrani
Co-Founder & COO · BharatPe
Rajnish Kumar
Chairman · BharatPe
Vivek Veda
Co-Founder & CFO · KreditBee
Karthikeyan Krishnaswamy
Co-Founder & CTO · KreditBee
Mohinder Bansal
Co-Founder · BlackSoil
Ankur Bansal
Co-Founder & MD · BlackSoil
Kamal Rathi
Co-Founder & CTPO · Weaver
Anil Kothuri
Co-Founder · Weaver
Alok Mittal
Cofounder and Executive Chairman · Indifi
Sangram Singh
Chief Executive Officer · Indifi
Gautam Kaushik
Co-Founder · Solfin
Ashish Goyal
Co-Founder & CFO · Fibe
Prism market signals · India · country-scoped Prism corpus, 6,065,920 docs
Market landscape — 10 sub-themes by coverage
Share of Alternative Lending coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
How many Alternative Lending companies are there in India?
Radar tracks 1294 indexable Alternative Lending companies headquartered in India, India, that meet our profile-completeness bar.
What is the total funding raised by Alternative Lending companies in India?
The Alternative Lending companies in India on this list have raised a combined $12.8B in disclosed equity funding across 435 funded companies.
Which is the highest-funded Alternative Lending company in India?
DMI Finance is the highest-funded Alternative Lending company in India, with $1.1B in disclosed equity funding.
How many Alternative Lending companies in India are funded?
435 of the 1294 Alternative Lending companies in India on this list have disclosed at least one equity funding round.
How many Alternative Lending unicorns are there in India?
12 Alternative Lending companies in India on this list are valued at $1B or more.
Who are the top investors in India Alternative Lending companies?
The most active investors in India Alternative Lending companies on this list include Angel List, LetsVenture, Alteria Capital, Trifecta Capital, Wellfound.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.