Company lists
The India edition · 2026

Alternative lendingcompanies in India

Personal loans, business loans, loan marketplaces, education loans, auto & EV loans and more: the companies building alternative lending in India, with their founders, funding, team size and business models.

1,501 company profiles620 with reported revenue354 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent alternative lending business events in India

Funding, M&A, contract wins and launches involving 2,076 alternative lending companies in India, last 24 months: 121 funding rounds · 49 M&A deals · 23 launches · 7 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

LaunchAI-powered Gold Purity Evaluation Machine

Augmont

Augmont has launched an AI-powered Gold Purity Evaluation Machine at its Poonamallee Gold Loan branch in Chennai, Tamil Nadu, as part of its efforts to digitize and streamline gold…

Gold Loan / Gold Assessment
M&AAcquisition · Announced

Oxyzo acquires GoldenPi Technologies

Oxyzo has approved the full acquisition of GoldenPi Technologies and its subsidiary GoldenPi Securities through a share-swap deal worth ₹42.4 crore (around $4.4 million).

Fixed-income investment platform
FundingSeries A

Oolka

AI-powered customer engagement startup Oolka led the segment with a Rs 130 crore Series A round, backed by Accel, Lightspeed, and Z47.

Investors Accel, Lightspeed, Z47
FundingSeries A

Oolka

Oolka has raised $14 million in a Series A funding round led by Accel, with participation from existing investors Lightspeed and Z47.

Investors Accel, Lightspeed, Z47, Vidit Aatrey
Digital Payments
FundingSeries A

Credilio

Fintech startup Credilio has raised ₹100 Cr (about $10.5 Mn) in its Series A funding round led by existing backer Cornerstone Ventures, with participation from Shepherd Hill, Roots…

Investors Cornerstone ventures, Shepherd Hill, Roots Ventures, ESV-Arthya AIF
Fintech
Funding

GLAAS

Seasoned entrepreneur Devesh Sachdev has invested $5 million in GLAAS, an embedded credit platform for MSMEs, and joined the company as co-founder and Managing Director.

Investors Devesh Sachdev
Fintech
LaunchKonfir

Experian

Experian Experian, the global data and technology company, has announced the expansion of its verification capabilities in the UK with the addition of Konfir.

Verification
FundingDebt

Indifi

Indifi has raised ₹40 crore in debt from BlackSoil Capital to strengthen its digital lending platform and expand credit access for SMEs across India.

Investors BlackSoil Capital
FinTech
Funding

Finfinity

"Finfinity raised $2.4 million,"

Investors Na
Lending
Funding

True balance

The most recent competitors to raise funding was True Balance secured $10M in Mar, 2026.

FundingSeries A

Credilio

Fintech startup Credilio has raised around Rs 30 crore (approximately $3.3 million) in its Series A round led by existing investor Cornerstone Ventures, with participation from Ashra…

Investors Cornerstone ventures, Ashra Private Equity Fund
Fintech
Funding

Ecofy

Ecofy, an NBFC focused on financing climate change solutions, raised Rs 380.5 crore ($41 million approx,) from BII and DAIF.

Investors Bii, DAIF
FinTech
LaunchEVA

Experian

Experian unveiled the next evolution of the Experian Virtual Assistant, EVA, to provide near real‑time spending analysis, tailored recommendations, and relevant financial offers based on…

Virtual Assistant
Funding

Lendingkart

Lendingkart is looking to raise Rs 850 crore in fresh equity infusion from existing investors.

Investors Fullerton Financial, Existing investors
FinTech
FundingSeed

Origa

Voice AI startup Origa, founded by IIT Delhi alumni, secured $450,000 in funding led by Antler Singapore, along with angel investors.

Investors Antler Singapore, Angel Investors
Voice AI
LaunchJioFinance

Jio financial services

Jio Financial Services Ltd on Friday launched an online marketplace for financial products through its new app JioFinance.

Online Marketplace for Financial Services
FundingUndisclosed

Kreditbee

Bengaluru-based Kreditbee is looking to close a $120 million (about Rs 1,000 crore) funding round, which could propel the fintech lending startup into the unicorn club.

Investors External investor, Advent international, Mufg, Others
Fintech lending
FundingSeed

Roopya

Roopya, a Saas-based startup, has raised ₹ 4 Crore in seed round led by Inflection Point Ventures.

FinTech
FundingDebt

Fibe

In August last year, Fibe also raised Rs 250 crore in debt for its lending arm, EarlySalary, from a group of investors including AK Capital Finance.

Investors AK Capital Finance
Consumer lending
FundingEquity

Progcap

New Delhi-headquartered supply-chain financing startup Progcap is in advanced talks to close a $100 million equity funding round, according to two people in the know.

Supply Chain Financing
FundingSeries C

Olyv

Bengaluru-based Olyv, a consumer lending platform, has raised INR 207 crore (about USD 23 million) in a Series C funding round from Nandan Nilekani’s The Fundamentum Partnership and…

Investors Nandan Nilekani’s The Fundamentum Partnership, Japan’s SMBC Asia Rising Fund
Consumer lending
Funding

Care.Fi

Care.fi landed $8 million to help hospitals in India run better and faster…

Health
FundingSeries C

Easy home finance

Easy Home Finance, an Indian fintech company offering digital home loans, raised $30 million in a Series C round led by Investcorp’s Growth Equity Fund.

Investors Investcorp Growth Equity Fund, Investcorp Growth Opportunity Fund, Claypond Capital, SMBC Asia Fund
Fintech lending
M&AAcquisition · Announced

Care.Fi acquires Aldun

Care.fi, a healthcare-focussed fintech founded by Vikrant Agrawal and Sidak Singh, announced its acquisition of Aldun, a discharge-automation platform known for enabling near-instant,…

Healthcare Software
M&AAcquisition · Announced

Unnati acquires Gramophone

Unnati is set to acquire Info Edge-backed peer startup Gramophone.

Agri-tech
M&AAcquisition · Announced

Info edge acquires Unnati

InfoEdge will invest Rs 35 crore in Unnati, which will take its stake up to 20.5%.

Agritech
LaunchInsta Payout

Urban money

Urban Money, one of India’s largest tech-driven loan distribution platforms, today announced the launch of Insta Payout, a breakthrough product designed to completely transform how…

Alternative lending companies in India, by revenue

Browse alternative lending companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 620 alternative lending companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Provider of lending solutions for consumers and enterprises

Alternative lending
₹8,083.02 crFY 2023-24
+41%2023–2024
—Not available
19 yr2007
87postings · last posted Sep 2026

Alternative investment platform for gold

Investment tech
₹5,568.76 crFY 2024-25
+240%2024–2025
267+22% 12 mo to Dec 2023LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Provider of online unsecured business loans to MSMEs

Alternative lending
₹3,199.17 crFY 2023-24
Not reported
647+4% 12 mo to Sep 2024recorded Sep 2024
22 yr2004
0none in 3 months

Provider of personal loans, MSME loans, consumption loans, and electric vehicle loans

Alternative lending
₹3,179.75 crFY 2024-25
Not reported
962+26% 12 mo to Jul 2024LinkedIn · Jul 2026
18 yr2008
16postings · last posted Sep 2026

Provider of diverse financial products and lending solutions for businesses and individuals

Alternative lending
₹2,703.21 crFY 2024-25
+87%2024–2025
1,319+117% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
13postings · last posted Sep 2026

Provider of financial products including UPI, loans, insurance, and mutual funds

Payments
₹2,689.14 crFY 2024-25
-4%2024–2025
3,276-8% 12 mo to Aug 2024LinkedIn · Jul 2026
14 yr2012
44postings · last posted Sep 2026

Agri enterprise empowering farmers through finance, trade, innovation, and community

Consumer and sme loans
₹2,468.70 crFY 2024-25
+1%2024–2025
728+8% 12 mo to Nov 2023LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Provider of loans, credit cards, gold investment, insurance, and UPI

Alternative lending
₹2,378.53 crFY 2024-25
+71%2024–2025
1,248+35% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
6postings · last posted Sep 2026

Provider of credit scores datasets

Data as a service
₹2,306.28 crFY 2024-25
+17%2024–2025
1,017+18% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Provider of software solutions for credit and payment management

Alternative lending
₹1,908.51 crFY 2024-25
+30%2024–2025
1,006LinkedIn · Jul 2026
7 yr2019
3postings · last posted Sep 2026

Provider of financial services specializing in personal, education, and business loans

Alternative lending
₹1,882.62 crFY 2024-25
+46%2024–2025
2,127+90% vs previous recordrecorded Aug 2024
10 yr2016
8postings · last posted Sep 2026

Provider of payment solutions, lending, and investment opportunities for businesses

Payments
₹1,733.60 crFY 2024-25
+17%2024–2025
4,026-14% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
6postings · last posted Aug 2026

Provider of debt financing and related solutions for mid-market enterprises

Alternative lending
₹1,506.56 crFY 2024-25
+36%2024–2025
444-8% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Provider of integrated technology-driven real estate solutions for buying, selling and renting properties

Residential real estate tech
₹1,421.16 crFY 2024-25
+41%2024–2025
9,058+10% 12 mo to Mar 2024LinkedIn · Jul 2026
12 yr2014
53postings · last posted Sep 2026

Provider of personal loans, business loans, and loans against property

Alternative lending
₹1,352.69 crFY 2024-25
-20%2024–2025
2,271+22% 12 mo to Jul 2024LinkedIn · Jul 2026
11 yr2015
23postings · last posted Sep 2026

Provider of personal loans, credit lines, and financial wellness solutions

Alternative lending
₹1,268.49 crFY 2024-25
+51%2024–2025
1,008+8% 12 mo to Jul 2024LinkedIn · Jul 2026
11 yr2015
11postings · last posted Sep 2026

Provider of financial solutions, including loans, for SMEs and corporates

Alternative lending
₹1,210.87 crFY 2024-25
+34%2024–2025
676+20% 12 mo to Aug 2024LinkedIn · Jul 2026
10 yr2016
1postings · last posted Jul 2026

Provider of lending platform for consumers and businesses

Alternative lending
₹1,042.94 crFY 2024-25
+7%2024–2025
845-8% 12 mo to Mar 2022LinkedIn · Jul 2026
10 yr2016
13postings · last posted Sep 2026

Provider of personal loans and prepaid payment instruments via mobile wallet

Alternative lending
₹914.28 crFY 2024-25
+40%2024–2025
174+9% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
2postings · last posted Aug 2026

Provider of an app-based platform for personal loans and investment products

Alternative lending
₹911.12 crFY 2024-25
+36%2024–2025
132+9% 12 mo to Sep 2024recorded Sep 2024
9 yr2017
3postings · last posted Aug 2026

Provider of unsecured business loans and working capital financing to MSMEs

Alternative lending
₹898.19 crFY 2024-25
Not reported
1,467+22% 12 mo to Jul 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Jun 2026

Provider of online personal and business loans, and purchase financing

Alternative lending
₹880.10 crFY 2024-25
+83%2024–2025
399+29% 12 mo to Aug 2023recorded Aug 2023
9 yr2017
0none in 3 months

Provider of digital financial services including loans, transfers, payments, and investments

Alternative lending
₹831.55 crFY 2024-25
+137%2024–2025
450+58% 12 mo to Jul 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted May 2026

Provider of various loan products and credit cards from multiple institutions

Alternative lending
₹808.02 crFY 2024-25
+28%2024–2025
1,593+11% 12 mo to Aug 2024LinkedIn · Jul 2026
37 yr1989
5postings · last posted Sep 2026

Provider of loans and credit lines to merchants and consumers

Alternative lending
₹777.38 crFY 2024-25
+29%2024–2025
—Not available
3 yr2023
0none in 3 months
50 of 1,501 companies shown here · the full list is on Radar
Fliar Radar

Explore all 1,501 alternative lending companies in India on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open alternative lending in India on Radar
  • Every company, not just 50All 1,501 alternative lending companies in India, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore alternative lending companies in India by what you are looking for

Browse alternative lending companies in India, from online lenders offering personal and business loans to loan marketplaces and NBFCs. Find alternative finance companies, alternative credit solutions and startups in India.

9 ways to explore alternative lending in India

Online personal & consumer loan lendersBusiness & SME lending, invoice financingLoan marketplaces & comparison platformsEducation loan providersAuto, two-wheeler & EV financing companiesLending technology & credit scoring providers

Online personal & consumer loan lenders

Digital lenders and apps offering personal loans, payday loans and consumer credit.

  1. SMFG India Credit

    Provider of lending solutions for consumers and enterprises

    Alternative lending
    See in list
  2. SBI Card

    Provider of credit card services, including rewards, offers, and online payments

    Alternative lending
    Website
  3. DMI Finance

    Provider of personal loans, MSME loans, consumption loans, and electric vehicle loans

    Alternative lending
    See in list
  4. Credit Saison

    Provider of diverse financial products and lending solutions for businesses and individuals

    Alternative lending
    See in list
  5. Navi

    Provider of financial products including UPI, loans, insurance, and mutual funds

    Payments
    See in list

Business & SME lending, invoice financing

Lenders and fintechs providing business loans, working capital, invoice financing and trade finance.

  1. TrustAvenue

    Provider of online unsecured business loans to MSMEs

    Alternative lending
    See in list
  2. BharatPe

    Provider of payment solutions, lending, and investment opportunities for businesses

    Payments
    See in list
  3. Vivriti Capital

    Provider of debt financing and related solutions for mid-market enterprises

    Alternative lending
    See in list
  4. Mintifi

    Provider of supply chain financing solutions for small and medium enterprises

    Alternative lending
    See in list
  5. CredAble

    Provider of working capital solutions and supply chain finance programs

    Scm software
    See in list

Loan marketplaces & comparison platforms

Platforms that compare loans and credit cards and connect borrowers with lenders.

  1. Navi

    Provider of financial products including UPI, loans, insurance, and mutual funds

    Payments
    See in list
  2. MyMoneyMantra

    Provider of various loan products and credit cards from multiple institutions

    Alternative lending
    See in list
  3. Paisabazaar

    Online financial marketplace that offers a range of personal loan and credit card options to consumers

    Alternative lending
    See in list
  4. Finwizz Loans

    Platform offering financial solutions

    Alternative lending
    See in list
  5. BankBazaar

    Online platform providing tools for comparing and applying for financial products

    Banking tech
    Website

Education loan providers

Lenders and platforms focused on student and education financing.

  1. Auxilo

    Provider of financial products focused on education loans and related services

    Higher education tech
    See in list
  2. Leap Finance

    Provider of financial assistance for individuals pursuing education abroad

    Alternative lending
    Website
  3. Propelld

    Provider of flexible digital education loans with customized repayment options for students

    Alternative lending
    Website
  4. Fly Finance

    Financial services platform for students

    Alternative lending
    Website
  5. Edgro

    Fintech startup offering education financing services through student loans

    Consumer and sme loans
    Website

Auto, two-wheeler & EV financing companies

Companies financing cars, two-wheelers and electric vehicles.

  1. RevFin

    Digital lending platform providing loans for electric vehicle drivers

    Alternative lending
    Website
  2. Ecofy

    Financial solutions for the electric vehicle, solar, and SME sectors

    Alternative lending
    Website
  3. Nxcar

    Technology, Finance and Network Access for Used Car Ecosystem

    Alternative lending
    Website
  4. MDFC

    Online lending platform offering auto and two-wheeler loans

    Alternative lending
    Website
  5. Loan2wheels

    Provider of accessible two-wheeler loans to underserved sectors

    Alternative lending
    Website

Lending technology & credit scoring providers

Banking technology, lending-as-a-service and alternative credit scoring platforms.

  1. TransUnion CIBIL

    Provider of credit scores datasets

    Data as a service
    See in list
  2. Experian

    Provider of credit information and analytical tools

    Banking tech
    See in list
  3. NovacTech

    Developer of cloud-based platform for digital lending and finance management solutions

    Insurance it
    See in list
  4. Perfios

    Real-time credit-decisioning platform and data aggregation APIs

    Banking tech
    Website
  5. India Ratings and Research

    Credit rating and research agency offering financial data

    Alternative lending
    Website

NBFC lenders, gold & home loan providers

NBFCs and lenders offering gold loans, mortgages and home loans.

  1. Kudos Finance

    Developer of a digital lending service designed to assist in the financing of businesses. The company's services include providing unsecured loans in the form of MSME loans, business loans, machinery loans, and short term loans through a digital lending engine with an in-built application program interface (API) to lend to customers through partnerships in a B2B2C model, enabling small-scale urban businesses to get access to financing opportunities for growth.

    Internet first lenders
    Website
  2. Bueno Finance

    Bueno Gig Growth Technologies Pvt Ltd ("Bueno Finance") is a financial services platform which aims is to help improve the financial health of our customers.

    Internet first lenders
    Website
  3. marman climate-smart finance inc.

    Climate-Smart Finance & Supply Chain Marketplace for transition to Net-Zero!

    Internet first lenders
    Website
  4. Augmont

    Alternative investment platform for gold

    Investment tech
    See in list
  5. Samunnati

    Agri enterprise empowering farmers through finance, trade, innovation, and community

    Consumer and sme loans
    See in list

Alternative lending startups in India

Recently founded alternative lending companies in India.

  1. BharatPe Money

    Provider of loans and credit lines to merchants and consumers

    Alternative lending
    See in list
  2. FatakPay

    Operator of an application providing instant personal loans and financial services

    Alternative lending
    Website
  3. FDPL Finance

    Online lending platform offering consumer loans

    Alternative lending
    Website
  4. Ecofy

    Financial solutions for the electric vehicle, solar, and SME sectors

    Alternative lending
    Website
  5. Zype

    Personal loans and a bill payment app for consumers

    Alternative lending
    Website
375 companies in India

Alternative lending companies hiring in India

Alternative lending companies that are currently recruiting.

  1. SMFG India Credit

    Provider of lending solutions for consumers and enterprises

    Alternative lending
    See in list
  2. DMI Finance

    Provider of personal loans, MSME loans, consumption loans, and electric vehicle loans

    Alternative lending
    See in list
  3. Credit Saison

    Provider of diverse financial products and lending solutions for businesses and individuals

    Alternative lending
    See in list
  4. Navi

    Provider of financial products including UPI, loans, insurance, and mutual funds

    Payments
    See in list
  5. Moneyview

    Provider of loans, credit cards, gold investment, insurance, and UPI

    Alternative lending
    See in list
66 companies in India
Mobile reach

Top 10 alternative lending apps from India

The most-installed Android apps published by alternative lending companies headquartered in India — 593.8M installs between them. 267 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Navi: UPI, Payments, Insurance

by Navi

Installs178.6M
Rating4.475.6M ratings
Last updatedMay 2026
View on Google Play ↗
Navi: UPI, Payments, Insurance screenshot 1Navi: UPI, Payments, Insurance screenshot 2Navi: UPI, Payments, Insurance screenshot 3Navi: UPI, Payments, Insurance screenshot 4Navi: UPI, Payments, Insurance screenshot 5
2

Dhani: UPI, Cards & Bills

by Dhani

Installs93.4M
Rating3.692.0M ratings
Last updatedApr 2026
View on Google Play ↗
Dhani: UPI, Cards & Bills screenshot 1Dhani: UPI, Cards & Bills screenshot 2Dhani: UPI, Cards & Bills screenshot 3Dhani: UPI, Cards & Bills screenshot 4Dhani: UPI, Cards & Bills screenshot 5Dhani: UPI, Cards & Bills screenshot 6
3

Kissht: Instant Personal Loans

by Kissht

Installs54.6M
Rating4.441.3M ratings
Installs, year on year+45%
Last updatedMay 2026
View on Google Play ↗
Kissht: Instant Personal Loans screenshot 1Kissht: Instant Personal Loans screenshot 2Kissht: Instant Personal Loans screenshot 3Kissht: Instant Personal Loans screenshot 4Kissht: Instant Personal Loans screenshot 5Kissht: Instant Personal Loans screenshot 6
4

OneScore: Credit Score App

by OneScore

Installs44.3M
Rating4.442.2M ratings
Installs, year on year+26%
Last updatedMay 2026
View on Google Play ↗
OneScore: Credit Score App screenshot 1OneScore: Credit Score App screenshot 2OneScore: Credit Score App screenshot 3OneScore: Credit Score App screenshot 4OneScore: Credit Score App screenshot 5OneScore: Credit Score App screenshot 6
5

SBI Card: Manage Credit Card

by SBI Card

Installs43.8M
Rating4.421.5M ratings
Last updatedMay 2026
View on Google Play ↗
SBI Card: Manage Credit Card screenshot 1SBI Card: Manage Credit Card screenshot 2SBI Card: Manage Credit Card screenshot 3SBI Card: Manage Credit Card screenshot 4SBI Card: Manage Credit Card screenshot 5SBI Card: Manage Credit Card screenshot 6
6

BharatPe for Business

by BharatPe

Installs42.4M
Rating4.25970K ratings
Installs, year on year+24%
Last updatedMay 2026
View on Google Play ↗
BharatPe for Business screenshot 1BharatPe for Business screenshot 2BharatPe for Business screenshot 3BharatPe for Business screenshot 4
7

Bajaj Markets: Loan & Finance

by Bajaj Markets

Installs37.1M
Rating4.0224K ratings
Installs, year on year+38%
Last updatedJun 2026
View on Google Play ↗
Bajaj Markets: Loan & Finance screenshot 1Bajaj Markets: Loan & Finance screenshot 2Bajaj Markets: Loan & Finance screenshot 3Bajaj Markets: Loan & Finance screenshot 4Bajaj Markets: Loan & Finance screenshot 5Bajaj Markets: Loan & Finance screenshot 6
8

GoodScore: Credit Score App

by GoodScore

Installs36.2M
Rating5.0618K ratings
Installs, year on year+184%
Last updatedJun 2026
View on Google Play ↗
GoodScore: Credit Score App screenshot 1GoodScore: Credit Score App screenshot 2GoodScore: Credit Score App screenshot 3GoodScore: Credit Score App screenshot 4GoodScore: Credit Score App screenshot 5GoodScore: Credit Score App screenshot 6
9

Paisabazaar: Credit Score App

by Paisabazaar

Installs33.9M
Rating4.561.6M ratings
Installs, year on year+25%
Last updatedMay 2026
View on Google Play ↗
Paisabazaar: Credit Score App screenshot 1Paisabazaar: Credit Score App screenshot 2Paisabazaar: Credit Score App screenshot 3Paisabazaar: Credit Score App screenshot 4Paisabazaar: Credit Score App screenshot 5Paisabazaar: Credit Score App screenshot 6
10

Stashfin UPI, Pay Bills, Loans

by Stashfin

Installs29.6M
Rating3.69448K ratings
Last updatedJun 2026
View on Google Play ↗
Stashfin UPI, Pay Bills, Loans screenshot 1Stashfin UPI, Pay Bills, Loans screenshot 2Stashfin UPI, Pay Bills, Loans screenshot 3Stashfin UPI, Pay Bills, Loans screenshot 4Stashfin UPI, Pay Bills, Loans screenshot 5Stashfin UPI, Pay Bills, Loans screenshot 6
The business behind the activity

Alternative lending financials in India

Revenue, profit and growth from the filed annual accounts of 511 alternative lending companies in India for FY24-25 — 663 of the 1,501 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 38% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹37,339.97 cr

511 companies filing accounts

combined net profit₹1,659.86 cr

4.4% aggregate margin

are profitable45%

228 of 511 companies

median revenue~₹4.8 cr

the typical company

median revenue growth+30%

into FY24-25

earned by the top five38%

revenue concentration

Six-year view

Combined revenue of filing companies

₹5,700.96 crFY19-20337 filers
₹5,516.64 crFY20-21385 filers
₹10,581.53 crFY21-22428 filers
₹29,954.07 crFY22-23457 filers
₹42,609.86 crFY23-24512 filers
₹37,339.97 crFY24-25511 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 392 companies over three years

+98%
FY22-23₹14,126.57 cr−₹1,930.70 cr net
FY23-24₹18,987.89 cr−₹382.01 cr net
FY24-25₹27,984.98 cr₹762.17 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr16725% profitable
₹1–10 cr14240% profitable
₹10–100 cr15161% profitable
₹100–1,000 cr4473% profitable
Over ₹1,000 cr771% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking151
0–20%60
20–50%74
50–100%74
Doubled+106

465 companies with accounts for both years; median growth +30%.

Profitability

Profit is concentrated at the top

228profitable
280loss-making
4.4%aggregate margin
-6.4%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Ruloans FinancialRULOANS FINANCIAL SERVICES PRIVATE LIMITED
Agrosperity Tech SolutionsAGROSPERITY TECH SOLUTIONS PRIVATE LIMITED+693%₹35.23 cr
InPrime FinservSTK CREDIT PRIVATE LIMITED₹10.06 cr
Viva MoneyVIVAMONEY SOLUTIONS PRIVATE LIMITED+564%₹12.49 cr
PowerEdgePOWEREDGE ANALYTICS AND SERVICES PRIVATE LIMITED₹11.20 cr
EdgroEDGRO FINANCE PRIVATE LIMITED+539%₹50.86 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
DocBoyzZAPFIN TEKNOLOGIES PRIVATE LIMITED72.9%
CapitalNowFINXER TECHNOLOGIES PRIVATE LIMITED₹15.33 cr
Prime Credit Rating Migrations databasePraxis Consulting And Information Services Private Limited.₹18.84 cr
Receivables Exchange of IndiaRECEIVABLES EXCHANGE OF INDIA LIMITED44.1%₹115.32 cr
Unified Credit SolutionsUNIFIED CREDIT SOLUTIONS PRIVATE LIMITED
InvoicemartA.TREDS LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Alternative lending407₹21,580.72 cr~₹4.8 cr46%6.8%
Investment tech5₹5,588.65 cr~₹7.7 cr60%0.4%
Consumer and sme loans12₹2,818.86 cr~₹14.1 cr64%-1.3%
Payments8₹1,763.44 cr~₹16.0 cr12%-27.6%
Banking tech19₹1,111.87 cr~₹1.2 cr61%-3.3%
Higher education tech5₹564.34 cr~₹1.2 cr40%19.0%
Crop tech5₹313.58 cr~₹1.6 cr20%-23.0%
Service providers to banks7₹160.95 cr~₹63 lakh43%9.5%
Leaders

Largest alternative lending companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
AugmontAUGMONT GOLDTECH PRIVATE LIMITED₹5,568.76 cr₹24.03 cr0.4%+240%
Credit SaisonKISETSU SAISON FINANCE (INDIA) PRIVATE LIMITED₹2,703.21 cr₹1,073.37 cr39.7%—
TransUnion CIBILTRANSUNION CIBIL LIMITED₹2,306.28 cr₹802.19 cr34.8%+17%
Samunnati, SamunnatiSAMUNNATI AGRI VALUE CHAIN SOLUTIONS PRIVATE LIMITED₹2,074.20 cr−₹87.00 cr-4.2%-3%
MoneyviewMONEYVIEW LIMITED₹1,508.80 cr₹164.02 cr10.9%+42%
Sayyam InvestmentsSAYYAM INVESTMENTS PRIVATE LIMITED₹1,166.61 cr₹304.73 cr
BharatPeRESILIENT INNOVATIONS PRIVATE LIMITED₹1,166.55 cr−₹58.22 cr-5.0%+37%
True CreditsTRUE CREDITS PRIVATE LIMITED₹911.12 cr₹37.10 cr4.1%+36%
Whizdm FinanceWHIZDM FINANCE PRIVATE LIMITED₹880.10 cr₹81.36 cr9.2%+83%
BranchBRANCH INTERNATIONAL FINANCIAL SERVICES PRIVATE LIMITED₹831.55 cr₹103.91 cr12.5%+137%
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Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full alternative lending landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the alternative lending landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Alternative lending funding and M&A across India

1,438 recorded equity rounds have gone to 2,076 alternative lending companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months43

US$604.24m

equity rounds, last 24 months137

US$1.40bn

raised over five yearsUS$7.41bn

726 rounds in India

M&A deals, India49

last 24 months

Capital by year

Equity funding into alternative lending in India

amount rounds
$712m2018130
$1.2bn2019168
$1.0bn2020117
$2.0bn2021173
$1.9bn2022186
$890m2023124
$1.5bn2024130
$706m202585
$478m202628

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$1.97bn across 173 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$23.03m85 rounds · median US$163k
SeedUS$442.63m310 rounds · median US$747k
Series AUS$1.35bn138 rounds · median US$5.00m
Series BUS$1.42bn86 rounds · median US$10.20m
Series CUS$1.35bn41 rounds · median US$29.45m
Series D+US$2.82bn66 rounds · median US$20.12m
Where the money went · five years

Most-funded sub-sectors

Alternative lendingUS$4.87bn515 rounds · 228 companies
PaymentsUS$508.12m12 rounds · 4 companies
Consumer and sme loansUS$302.52m21 rounds · 9 companies
E-commerce enablersUS$241.31m5 rounds · 1 companies
Insurance itUS$233.97m10 rounds · 3 companies
Banking techUS$191.31m31 rounds · 13 companies
Horizontal e-commerceUS$177.00m13 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

41Acquisition
8Merger

Most active acquirers

  1. Veefin solutions10
  2. Experian6
  3. Perfios5
  4. Jio financial services4
  5. InCred Finance4

Most acquired or merged

  1. M1xchange3
  2. Lendingkart2
  3. Faarms2
  4. White Rivers Media Solutions2
  5. Jio payments bank2

Each deal appears in the events strip at the top of the page.

Alternative lending funding in India

354 alternative lending companies in India have recorded equity funding, US$10.22bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind alternative lending companies in India. 919 of 1,501 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India alternative lending companies by sub-sector

The most common specialisations among alternative lending companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring alternative lending in India and nearby markets.

Coming soon