Radar · Alternative Lending in Mumbai
Best Alternative Lending Companies in Mumbai, India
The 296 best Alternative Lending companies in Mumbai, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Weaver.
By Riya SenguptaFinancials
296companies tracked
$3.9Bdisclosed funding
2unicorns
120have raised
Ranked: Best Alternative Lending companies in Mumbai
| # | Company | Revenue | Disclosed funding | Employees | Founded | Tech stack | Web popularity | 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 | — | 2006 | TurbopackEmotionNode.js+19 | Top 500k | — |
| 2 | 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 | 736 736 → 1,296 (+76%) · sector median +28% | 1992 | Animate.cssBootstrapAmazon Web Services+21 | Top 500k | 1 award |
| 3 | 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 | 2,127 | 2016 | Apple iCloud MailGoogle WorkspaceRadix UI+16 | Top 500k | — |
| 4 | Kissht Provider of personal loans, business loans, and loans against property 76News top 13%Customers top 16%Funding top 20%Moat top 20% All 12 signals ▾Newstop 13% Customerstop 16% Fundingtop 20% Moattop 20% Markettop 26% Talenttop 28% Fin. healthtop 34% Techtop 38% Producttop 39% Growthtop 42% Innovationbottom 46% Globalbottom 39% News: 11 BI events in 12 mo (of 39 tracked, 5 types) · +175% YoY Customers: Play-Store rating 4.44★ across 1,333,033 ratings (1 apps) · Review volume +17% in 6 mo rank vs industry peers · Fliar Intelligence Index 76/100 | $160M FY2025 | $133M | 693 | 2015 | Apple iCloud MailGoogle WorkspaceNode.js+16 | Top 500k | 1 launch · 2 awards |
| 5 | Ring Online platform providing instant personal loans with flexible repayment options and a paperless process… | $160M FY2025 | $12M | 304 | 2016 | SentryMUIReact+16 | Top 500k | — |
| 6 | 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 | 204 204 → 450 (+121%) · sector median +28% | 2015 | — | — | 1 job opening · 1 partnership |
| 7 | Mintifi Provider of supply chain financing solutions for small and medium enterprises 82Moat top 21%Market top 26%Funding top 27%Talent top 28% All 10 signals ▾Moattop 21% Markettop 26% Fundingtop 27% Talenttop 28% Fin. healthtop 29% Growthtop 36% Producttop 36% Techtop 39% Globalbottom 39% Newsbottom 21% Moat: Top 4% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 Market: 1,310 employees (top 5% of Fintech) · Revenue ~$67.3M rank vs industry peers · Fliar Intelligence Index 82/100 | $67M FY2025 | $170M | 1,310 1,310 → 1,327 (+1%) · sector median +28% | 2017 | BootstrapReactAmazon Web Services+11 | Top 100k | 2 job openings |
| 8 | 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 | 392 392 → 547 (+40%) · sector median +28% | 2017 | Bootstrapcore-jsSweetAlert2+13 | Top 500k | 5 job openings · 1 internship |
| 9 | CredAble Provider of working capital solutions and supply chain finance programs 74Moat top 20%Talent top 22%Funding top 31%Fin. health top 32% All 8 signals ▾Moattop 20% Talenttop 22% Fundingtop 31% Fin. healthtop 32% Techtop 35% Markettop 36% Growthtop 47% Globalbottom 39% Moat: Top 1% by revenue among 189 tracked SCM Software companies · Editorial + unicorn rating 8/10 Talent: Analyst team rating 5/5 · 4 named leaders on record rank vs industry peers · Fliar Intelligence Index 74/100 | $59M FY2025 | $60M | 247 247 → 220 (-11%) · sector median +28% | 2017 | WordPressMySQLPHP+41 | Top 5M | 1 launch · 2 awards |
| 10 | APAC Group Diversified NBFI 74Moat top 23%Talent top 28%Growth top 30%Market top 32% All 10 signals ▾Moattop 23% Talenttop 28% Growthtop 30% Markettop 32% Fundingtop 32% Fin. healthtop 40% Producttop 40% Techbottom 48% Globalbottom 37% Newsbottom 21% Moat: Top 5% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 6/10 Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 74/100 | $51M FY2025 | $90M | 1,351 1,351 → 723 (-46%) · sector median +28% | 2017 | Apple iCloud MailMicrosoft 365PHP+17 | Top 5M | 7 job openings |
| 11 | Dhani App-based platform for financial products | $45M FY2024 | $180M | 477 | 1995 | PythonGoogle Sign-inDjango+21 | Top 100k | — |
| 12 | cashe.co.in A provider of online instant personal loan solutions | $38M FY2025 | $30M | 4 | — | WordPressMySQLPHP+25 | Top 500k | — |
| 13 | 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 | 59 | 2018 | Webflow EcommerceWebflowGSAP+20 | Top 5M | — |
| 14 | 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 | 272 | 2015 | WebflowYouTubeGoogle Cloud+21 | Top 5M | — |
| 15 | 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 | 82 82 → 171 (+109%) · sector median +28% | 2010 | WordPressMySQLPHP+13 | Top 5M | 1 award |
| 16 | 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 | 177 | 2017 | Node.jsTailwind CSSReact+21 | Top 50k | — |
| 17 | FatakPay Operator of an application providing instant personal loans and financial services | $17M FY2025 | $1M | 119 | 2021 | Cart FunctionalityTypeScriptChart.js+29 | Top 100k | — |
| 18 | CreditWise Capital Provider of loans and vehicle-related services via digital platforms 64News top 25%Growth top 35%Moat top 36%Product top 37% All 11 signals ▾Newstop 25% Growthtop 35% Moattop 36% Producttop 37% Talenttop 38% Innovationtop 39% Markettop 40% Fin. healthtop 43% Fundingtop 44% Techtop 48% Globalbottom 37% News: 6 BI events in 12 mo (of 8 tracked, 2 types) · 4 high-value events (IPO/M&A/funding/contracts) in 12 mo Growth: Headcount 440 → 476 (+8%) across vintages · Revenue +15% YoY rank vs industry peers · Fliar Intelligence Index 64/100 | $15M FY2025 | $12M | 476 476 → 248 (-48%) · sector median +28% | 2019 | WordPress Site EditorCart FunctionalityWordPress+20 | Top 5M | 1 partnership |
| 19 | 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 | 208 208 → 422 (+103%) · sector median +28% | 2022 | DrupalPHPBootstrap+16 | Top 1M | — |
| 20 | Zype Personal loans and a bill payment app for consumers 69Customers top 14%Growth top 20%News top 26%Moat top 26% All 12 signals ▾Customerstop 14% Growthtop 20% Newstop 26% Moattop 26% Fundingtop 33% Innovationtop 34% Talenttop 38% Producttop 42% Fin. healthtop 44% Techtop 49% Marketbottom 49% Globalbottom 32% Customers: Play-Store rating 4.73★ across 82,542 ratings (1 apps) Growth: Revenue +274% YoY · Web rank 500,000 → 1,000,000 YoY rank vs industry peers · Fliar Intelligence Index 69/100 | $13M FY2025 | $18M | 17 | 2022 | WordPressMySQLPHP+13 | Top 500k | — |
| 21 | 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 | 743 743 → 951 (+28%) · sector median +28% | 2017 | UbuntuAnimate.cssBootstrap+8 | Top 5M | 1 job opening · 2 expansions · 1 award |
| 22 | Veefin Provider of supply chain finance technology and digital lending solutions 74Fin. health top 17%Product top 24%Moat top 30%Growth top 31% All 12 signals ▾Fin. healthtop 17% Producttop 24% Moattop 30% Growthtop 31% Markettop 34% Newstop 41% Innovationtop 43% Fundingtop 43% Talenttop 45% Globaltop 50% Techbottom 45% Partnersbottom 43% Fin. health: Revenue ~$9.5M (FY2025) · Net margin 29.9% Product: 2 distinct product lines · Company stage: Public rank vs industry peers · Fliar Intelligence Index 74/100 | $10M FY2025 | $3M | 165 | 2020 | PHPUbuntuGSAP+17 | Top 5M | 3 job openings |
| 23 | 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 | 41 | 2017 | WordPressMySQLPHP+22 | Top 10M | 2 job openings |
| 24 | Agrim Housing Finance Provider of home loans to economically weaker and low-income groups | $5M FY2025 | $7M | 266 266 → 188 (-29%) · sector median +28% | 2018 | WordPressSentryMySQL+35 | Top 1M | — |
| 25 | OTO Capital Provider of financing and retail services for motorized two wheeled vehicles | $5M FY2025 | $26M | 252 | 2018 | Node.jsHeadless UITailwind CSS+17 | Top 500k | — |
| 26 | Credit Fair Platform offering solar financing solutions 55Moat top 23%Tech top 34%Innovation top 39%Growth top 41% All 11 signals ▾Moattop 23% Techtop 34% Innovationtop 39% Growthtop 41% Fundingtop 44% Producttop 46% Markettop 50% Talentbottom 49% Fin. healthbottom 44% Globalbottom 39% Newsbottom 21% Moat: Top 19% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 7/10 Tech: 45 technologies across 5/8 capability areas · Cloud: Amazon Web Services, Cloudflare rank vs industry peers · Fliar Intelligence Index 55/100 | $4M FY2025 | $26M | 125 125 → 115 (-8%) · sector median +28% | 2018 | PHPRaphaelAnimate.css+20 | Top 1M | — |
| 27 | ftcash Digital lending platform providing loans to underserved micro-merchants and small businesses | $4M FY2025 | $15M | 282 | 2015 | Element UIVue.jsApache HTTP Server+7 | Top 1M | — |
| 28 | 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 | 291 291 → 352 (+21%) · sector median +28% | 2019 | Windows ServerMicrosoft ASP.NETBootstrap+18 | Top 10M | — |
| 29 | 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 | 158 | 2017 | WebflowApple iCloud MailGoogle Workspace+9 | Top 5M | — |
| 30 | Eduvanz Provider of financial assistance for education, career, and skills development 35Moat top 25%Innovation top 34%Funding top 35%Product top 36% All 12 signals ▾Moattop 25% Innovationtop 34% Fundingtop 35% Producttop 36% Customerstop 42% Markettop 47% Talentbottom 49% Globalbottom 39% Techbottom 35% Fin. healthbottom 27% Growthbottom 23% Newsbottom 18% Moat: Top 22% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 7/10 Innovation: 10 product lines rank vs industry peers · Fliar Intelligence Index 35/100 | $3M FY2025 | $37M | 196 | 2016 | Apple iCloud MailMicrosoft 365Salesforce+14 | Top 1M | — |
| 31 | 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 | 92 | 2017 | — | — | — |
| 32 | GetVantage Provider of growth capital and embedded financing for digital brands | $3M FY2025 | $42M | 86 86 → 110 (+28%) · sector median +28% | 2019 | TypeScriptZohoYouTube+32 | Top 10M | — |
| 33 | Kuhoo Provider of financial products designed to fund student educational expenses 69Growth top 16%Moat top 18%Innovation top 34%Tech top 40% All 11 signals ▾Growthtop 16% Moattop 18% Innovationtop 34% Techtop 40% Fundingtop 41% Markettop 43% Producttop 45% Fin. healthtop 49% Talentbottom 49% Globalbottom 37% Newsbottom 22% Growth: Headcount 64 → 90 (+41%) across vintages · Revenue +352% YoY Moat: Top 10% by revenue among 422 tracked Higher Education Tech companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 69/100 | $2M FY2025 | $20M | 90 90 → 175 (+94%) · sector median +28% | 2021 | Webflow EcommerceWebflowApple iCloud Mail+20 | Top 1M | — |
| 34 | CarePal Group Integrated healthcare financing platform, combining crowdfunding, lending, and health insurance distribution 53Talent top 28%Moat top 33%Funding top 40%Growth top 41% All 8 signals ▾Talenttop 28% Moattop 33% Fundingtop 40% Growthtop 41% Markettop 44% Fin. healthbottom 49% Globalbottom 39% Techbottom 31% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Moat: Top 8% by revenue among 24 tracked Crowdfunding companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 53/100 | $2M FY2020 | $19M | 779 | 2014 | Font AwesomecdnjsCloudflare+4 | Top 50M | — |
| 35 | Cashinvoice Digital platform for supply chain finance solutions | $2M FY2025 | $5M | 86 86 → 143 (+66%) · sector median +28% | 2018 | Cart FunctionalityTypeScriptD3+16 | Top 5M | — |
| 36 | GMoney Provider of medical financing solutions, including loans and no-cost EMI options | $1M FY2025 | $10M | 125 125 → 226 (+81%) · sector median +28% | 2019 | WordPressMySQLPHP+20 | Top 5M | — |
| 37 | Greenifit Platform offering financial solutions | $913K FY2025 | $426K | — | 2019 | ZohoRequireJSZoho PageSense+6 | Top 50M | — |
| 38 | Arogya Finance Provider of medical loans for treatments and surgeries to individuals | $837K FY2025 | $988K | 36 | 2011 | PHPGoogle MapsYouTube+25 | Top 500k | — |
| 39 | Finfinity Provider of a platform for loans, investments, and wellness products | $825K FY2025 | $78K | 55 55 → 61 (+11%) · sector median +28% | 2023 | WordPressMySQLPHP+23 | Top 10M | — |
| 40 | SuperMoney Online platform offering financial comparison solutions | $579K FY2025 | $5M | 63 63 → 87 (+38%) · sector median +28% | 2015 | Element UIVuetifyVue.js+5 | Top 5M | 2 job openings |
| 41 | LEO 1 Provider of alumni network platform with banking, rewards, and connection features 27Talent top 28%Funding top 30%Moat top 38%Tech top 44% All 10 signals ▾Talenttop 28% Fundingtop 30% Moattop 38% Techtop 44% Producttop 46% Marketbottom 47% Globalbottom 39% Newsbottom 22% Growthbottom 20% Fin. healthbottom 19% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Funding: Raised $41.7M across 5 rounds · 5 rounds over 7 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 27/100 | $436K FY2025 | $42M | 64 64 → 155 (+142%) · sector median +28% | 2017 | Cart FunctionalityNode.jsYouTube+14 | Top 5M | — |
| 42 | DigiSparsh Developer of financial services for the healthcare ecosystem | $260K FY2025 | $734K | 14 | 2020 | Windows ServerBulmaBootstrap+13 | Top 50M | — |
| 43 | ProsParity Financing platform for electric mobility 35Growth top 21%Talent top 28%Funding top 44%Moat bottom 40% All 9 signals ▾Growthtop 21% Talenttop 28% Fundingtop 44% Moatbottom 40% Fin. healthbottom 39% Globalbottom 37% Techbottom 31% Newsbottom 22% Marketbottom 19% Growth: Revenue +57761% YoY · Fresh capital in last 24 mo Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 35/100 | $123K FY2025 | $2M | — | 2023 | Tailwind CSSGSAPAmazon Web Services+7 | Top 50M | 7 job openings · 1 internship · 1 partnership |
| 44 | Two Point O Capital Provider of financing solutions for energy transition projects and businesses | $121K FY2025 | $6M | — | 2024 | — | — | — |
| 45 | CapitalXB Finance Provider of supply chain finance and business loans for small and medium enterprises 27Growth top 21%Talent bottom 49%Funding bottom 47%Fin. health bottom 37% All 7 signals ▾Growthtop 21% Talentbottom 49% Fundingbottom 47% Fin. healthbottom 37% Globalbottom 34% Techbottom 28% Marketbottom 22% Growth: Revenue +1799% YoY · Fresh capital in last 24 mo Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 27/100 | $66K FY2025 | $15M | — | 2023 | Apple iCloud MailMicrosoft 365Ubuntu+8 | Top 50M | — |
| 46 | Saarathi Finance Online lending marketplace connecting lenders and MSMEs 11Funding top 37%Talent bottom 49%Global bottom 45%Tech bottom 39% All 6 signals ▾Fundingtop 37% Talentbottom 49% Globalbottom 45% Techbottom 39% Marketbottom 24% Fin. healthbottom 14% Funding: Raised $41.3M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 11/100 | $36K FY2025 | $41M | — | 2024 | Chart.jsYouTubeBootstrap+15 | Top 5M | 1 job opening |
| 47 | 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 | — | 2025 | Radix UITailwind CSSshadcn/ui+8 | Top 50M | — |
| 48 | 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 | 610 610 → 699 (+15%) · sector median +28% | 2016 | Apple iCloud MailGoogle WorkspaceApexCharts.js+33 | Top 50k | — |
| 49 | Rezolv Developer of a platform for managing debt collection and recovery | — | $4M | — | 2024 | WebflowAmazon Web ServicesGSAP+8 | Top 10M | — |
| 50 | Loannetwork Provider of home and business loan solutions through a network of banks and lenders | — | $2M | 12 | 2023 | TurbopackNode.jsTailwind CSS+17 | Top 50M | — |
Top 12 Alternative Lending companies in Mumbai
#1
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
#2
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
#3
Series C · Mumbai, Maharashtra · founded 2017 · 392 employees$127.2Mraised▾
Series C · Mumbai, Maharashtra · founded 2017 · 392 employees
Provider of financial products focused on education loans and related services. The company facilitates funding for students pursuing education domestically and internationally. It also provides financial solutions for educational institutions, including infrastructure and construction loans. The organization offers loan refinancing options and products tailored to skill development programs.
Fliar Intelligence Index™ 78how this company ranks against its industry peers
Fin. health
top 19%Moat
top 20%Funding
top 22%Market
top 30%Tech
top 37%Growth
top 38%Fin. health: Revenue ~$64.3M (FY2024) · Net margin 21.2% · Revenue +48% YoY
Moat: Top 1% by revenue among 422 tracked Higher Education Tech companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $127M across 10 rounds · 10 rounds over 8 yrs (1.2/yr) · Last round Conventional Debt (Nov 2025)
Audience (LinkedIn): 19k LinkedIn followers
Hiring (LinkedIn): 5 hiring posts in 12 mo (public) · momentum +5 · hiring: Customer Experience Manager, Internal Audit team
Funding rounds
- Nov 2025Conventional Debt$25.5M
- Feb 2025Conventional Debt$5.7M
- Jul 2024Conventional Debt$12M
- Jul 2024Series C$35.7M
Founders & team
Investors
ICICI Bank, Balrampur Chini Mills, Elme Investment, Tata Capital Growth Fund, Trifecta Capital, Xponentia Capital
Tech stack
Amazon Web ServicesAngularAnt DesignApache Http ServerAws Certificate ManagerAxios
#4
Acquired · Mumbai, Maharashtra · founded 1992 · 736 employees$299.1Mraised▾
Acquired · Mumbai, Maharashtra · founded 1992 · 736 employees
Provider of financial services for education including loans and refinancing. They offer financial products for students pursuing higher education. These products also include options for skill enhancement and executive education. Additionally, they provide financial assistance to educational institutions.
Fliar Intelligence Index™ 80how this company ranks against its industry peers
Funding
top 20%Market
top 23%Moat
top 23%Fin. health
top 26%Tech
top 36%News
top 36%Funding: Raised $299M across 15 rounds · 15 rounds over 20 yrs (0.8/yr) · Last round Conventional Debt (Aug 2025)
Market: 736 employees (top 11% of Fintech) · Revenue ~$278M · ~3% of tracked Alternative Lending revenue (743 cos, FY2025)
Moat: Top 1% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 4/10 · Unicorn
Audience (LinkedIn): 84k LinkedIn followers — 6.4% of this cohort's audience · 201 engagements/post (4.6× cohort median)
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Aug 2025Conventional Debt$200M
- Mar 2024Series C$120.3M
- Oct 2023Conventional Debt$145M
- Jan 2023Series C$96.8M
Founders & team
Investors
Kedaara, WorldBusiness Capital, IFC, Mubadala, Avendus, The Wadhwa Group
Tech stack
Amazon AlbAmazon CloudfrontAmazon S3Amazon Web ServicesAnt DesignApple Icloud Mail
#5
Series C · Mumbai, Maharashtra · founded 2017 · 743 employees$61.3Mraised▾
Series C · Mumbai, Maharashtra · founded 2017 · 743 employees
Provider of home loans and refinancing options. They offer services such as pre-approved property searches and assistance throughout the home ownership journey. The company provides paperless processes and doorstep service for loan applications. It also offers resources related to policies, grievance procedures, and customer awareness.
Fliar Intelligence Index™ 60how this company ranks against its industry peers
Moat
top 21%Funding
top 26%Product
top 29%Growth
top 35%Innovation
top 38%Talent
top 38%Moat: Top 11% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 7/10 · Soonicorn
Funding: Raised $61.3M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) · Last round Series C (Jan 2026)
Product: 3 distinct product lines · 6 published apps (88.2k installs) · Company stage: Series C
Audience (LinkedIn): 134k LinkedIn followers — 10.2% of this cohort's audience · 68 engagements/post (1.6× cohort median)
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Concurrent Audit
Activity (LinkedIn): 1 awards · 2 expansions announced in 12 mo
Funding rounds
- Jan 2026Series C$30M
- Sep 2025Conventional Debt—
- Nov 2024Series B$35M
- Sep 2023Series A$7.9M
Founders & team
Investors
Claypond Capital, Xponentia Capital, FinSight, SMBC Asia Rising Fund, Harbourfront Capital, Pegasus
Tech stack
Animate.CssApache Http ServerBootstrapCore-JsGodaddyGoogle Analytics
#6
InCred 🦄Series D · Mumbai, Maharashtra · founded 2016 · 2127 employees$317.5Mraised▾
InCred 🦄
Series D · Mumbai, Maharashtra · founded 2016 · 2127 employees
Provider of financial services specializing in personal, education, and business loans. The platform utilizes technology and data science for its suite of offerings. It provides loans tailored to meet financial needs within the lending industry. The company also offers resources related to regulatory compliance and consumer education.
Fliar Intelligence Index™ 91how this company ranks against its industry peers
Funding
top 17%Moat
top 17%Fin. health
top 20%Market
top 22%Talent
top 22%Tech
top 27%Funding: Raised $318M across 13 rounds · 13 rounds over 9 yrs (1.4/yr) · Last round Conventional Debt (Jul 2025)
Moat: Top 1% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 9/10 · Unicorn
Fin. health: Revenue ~$223M (FY2021) · Net margin 13.0% · Revenue +46% YoY
Funding rounds
- Jul 2025Conventional Debt$46.8M
- Mar 2025Conventional Debt$30M
- Nov 2023Series D$60.1M
- Feb 2022Angel$548K
Founders & team
Investors
FMO, Vistra ITCL, Elevar Equity, Moore Ventures, OAKS, Alpha Capital
Tech stack
Amazon CloudfrontAmazon S3Amazon SesAmazon Web ServicesAngularApple Icloud Mail
#7
Series C · Mumbai, Maharashtra · founded 2015 · 204 employees$105.2Mraised▾
Series C · Mumbai, Maharashtra · founded 2015 · 204 employees
Provider of digital financial services including loans, transfers, payments, and investments. It offers access to digital banking products through a smartphone application. The application facilitates sending and receiving funds, bill payments, and investment opportunities.
Fliar Intelligence Index™ 93how this company ranks against its industry peers
Growth
top 13%Fin. health
top 18%Moat
top 21%Funding
top 23%Market
top 25%Talent
top 28%Growth: Headcount 129 → 204 (+58%) across vintages · Revenue +137% YoY · Fresh capital in last 24 mo
Fin. health: Revenue ~$98.4M (FY2021) · Net margin 13.3% · Revenue +137% YoY
Moat: Top 3% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 · Soonicorn
Audience (LinkedIn): 284k LinkedIn followers — 21.7% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Marketing, Engineering
Activity (LinkedIn): 1 partnerships (incl. Bajaj Markets) announced in 12 mo
Funding rounds
- Oct 2025Venture Debt—
- Jul 2019Series C$5M
- Apr 2019Conventional Debt$100M
- Apr 2019Series C$70M
Founders & team
Investors
Victory Park Capital Advisors, Musha Ventures, Trinity Ventures, Andreessen Horowitz, CreditEase, IFC
#8
Series B · Mumbai, Maharashtra · founded 2022 · 208 employees$10.8Mraised▾
Series B · Mumbai, Maharashtra · founded 2022 · 208 employees
Financial solutions for the electric vehicle, solar, and SME sectors. It offers funding for the full life-cycle of electric two- and three-wheelers. It provides financial products for rooftop solar installations. It offers solutions for purchasing electric scooters and bikes, featuring flexible EMIs, customizable loan tenures, digital application processes, and value-added services such as annual maintenance contracts and asset buyback options.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Growth
top 16%News
top 19%Moat
top 26%Funding
top 30%Talent
top 38%Market
top 39%Growth: Headcount 119 → 208 (+75%) across vintages · Revenue +206% YoY · Web rank 5,000,000 → 1,000,000 YoY
News: 6 BI events in 12 mo (of 17 tracked, 5 types) · +200% YoY · 5 high-value events (IPO/M&A/funding/contracts) in 12 mo
Moat: Top 11% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Audience (LinkedIn): 20k LinkedIn followers
Funding rounds
- May 2026Conventional Debt$15M
- Mar 2026Series B$54.7M
- Mar 2025Conventional Debt$12.5M
- Jan 2024Series B$10.8M
Founders & team
Investors
FMO, Impact Fund Denmark, British International Investment, Finnfund, EverSource Capital, Mirova
Tech stack
AddtoanyAmazon SesAmazon Web ServicesAosApache Http ServerBootstrap
#9
Series A · Mumbai, Maharashtra · founded 2017 · 41 employees$311.7Mraised▾
Series A · Mumbai, Maharashtra · founded 2017 · 41 employees
Provider of financial services including consumer, healthcare, education, and SME finance. The company offers lending solutions for personal needs, healthcare expenses, educational pursuits, and small to medium-sized enterprises. It facilitates supply chain financing and provides loan options for travel and technology-related education.
Fliar Intelligence Index™ 45how this company ranks against its industry peers
Moat
top 19%Fin. health
top 39%Funding
top 41%Talent
bottom 45%Market
bottom 44%Tech
bottom 42%Moat: Top 14% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 · Soonicorn
Fin. health: Revenue ~$7.1M (FY2022) · Net margin 36.9%
Funding: Raised $312M across 10 rounds · 10 rounds over 14 yrs (0.7/yr) · Last round Series A (Apr 2025)
Audience (LinkedIn): 10k LinkedIn followers
Hiring (LinkedIn): 2 hiring posts in 12 mo (public) · momentum +2 · hiring: Operations Executive
Funding rounds
- Apr 2025Series A$70.1K
- Oct 2024Series A$2.2M
- May 2024Venture Debt$2.5M
- Nov 2023Venture Debt$1.8M
Founders & team
Investors
Mihuru, Creative Valuers, Vardan Ceqube Advisors, Alt Income Investments, N+1 Capital, Karmaconstruction
Tech stack
All In One SeoAzureAzure Front DoorBootstrapContact Form 7Core-Js
#10
Series A · Mumbai, Maharashtra · founded 2019 · 291 employees$32.8Mraised▾
Series A · Mumbai, Maharashtra · founded 2019 · 291 employees
A digital banking technology company that provides full-stack banking solutions for lending, treasury management, and supply chain finance. It is a technology company that provides full-stack banking solutions for lending and treasury management. The company's platform enables financial institutions to streamline their operations, maange efficiency, and customer experience.
Fliar Intelligence Index™ 50how this company ranks against its industry peers
News
top 32%Growth
top 33%Funding
top 35%Talent
top 38%Moat
top 48%Market
bottom 48%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 · Fresh capital in last 24 mo
Funding: Raised $32.8M across 4 rounds · 4 rounds over 4 yrs (1.0/yr) · Last round Series A (Jan 2026)
Audience (LinkedIn): 36k LinkedIn followers — 2.8% of this cohort's audience · 111 engagements/post (2.5× cohort median)
Funding rounds
- Jan 2026Series A$23.6M
- Sep 2024Seed$261.9K
- Jan 2024Seed$6.9M
- May 2023Seed$2M
Founders & team
Investors
Prime Venture Partners, 3one4 Capital, Accel, Trifecta Capital, IIFL Finance, Rocket Capital
Tech stack
AzureBootstrapCdnjsCloudflareFancyboxFont Awesome
#11
Acquired · Mumbai, Maharashtra · founded 2006$100Mraised▾
Acquired · Mumbai, Maharashtra · founded 2006
Provider of financial resources for students pursuing higher education programs. The organization facilitates funding for various academic disciplines and educational levels. It offers support for tuition, accommodation, and associated study costs. The company provides options for repayment and guidance throughout the application process. The organization aims to assist students in achieving their educational goals.
Fliar Intelligence Index™ 90how this company ranks against its industry peers
Market
top 16%Moat
top 17%Fin. health
top 20%Tech
top 24%Growth
top 25%Funding
top 35%Market: Revenue ~$559M · ~6% of tracked Alternative Lending revenue (743 cos, FY2025) · Top-500,000 web property
Moat: Top 1% by revenue among 743 tracked Alternative Lending companies · 9 curated direct competitors tracked
Fin. health: Revenue ~$559M (FY2021) · Net margin 2.1% · Revenue +71% YoY
Audience (LinkedIn): 121k LinkedIn followers — 9.2% of this cohort's audience
Funding rounds
- Sep 2025Post IPO—
- Apr 2024Conventional Debt$100M
Founders & team
Investors
DBS
Tech stack
Amazon CloudfrontAmazon ElbAmazon S3Amazon Web ServicesCloudflareCloudflare Bot Management
#12
Series E · Mumbai, Maharashtra · founded 2015 · 272 employees$252.6Mraised▾
Series E · Mumbai, Maharashtra · founded 2015 · 272 employees
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions. It offers features including digital vendor management, material procurement management, supply chain financing, packaging sourcing, purchase order management, and more. It caters to multiple industries including packaging, textiles, apparel, and more.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Moat
top 21%Funding
top 26%Market
top 36%Tech
top 36%Product
top 41%AI
top 45%Moat: Top 4% by revenue among 334 tracked E-Commerce Enablers companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $253M across 12 rounds · 12 rounds over 11 yrs (1.1/yr) · Last round Series E (Mar 2025)
Market: 272 employees (top 22% of Fintech) · Revenue ~$23.1M · ~1% of tracked E-Commerce Enablers revenue (334 cos, FY2025)
Funding rounds
- Mar 2025Series E$4.5M
- Oct 2023Series E$50M
- Aug 2022Series D$25M
- Dec 2021Grant (prize money)—
Founders & team
Investors
Schroders Capital, British International Investment, International Finance Corp, Chiratae Ventures, IFC, B Capital
Tech stack
Amazon SesAmazon Web ServicesClevertapCloudflareCloudflare Bot ManagementCore-Js
Funding & investor landscape
$3.9Btotal disclosed funding
120companies funded
435disclosed rounds
3rounds last 90 days
Most active investors
QED Innovation Labs6 rounds
Notable founders
Mohinder Bansal
Co-Founder · BlackSoil
Ankur Bansal
Co-Founder & MD · BlackSoil
Kamal Rathi
Co-Founder & CTPO · Weaver
Anil Kothuri
Co-Founder · Weaver
Neeraj Saxena
CEO & MD · Auxilo
Amit Gainda
MD & CEO at Avanse Financial Services · Avanse Financial Services
Rohit Chokhani
Founder & Managing Director · Easy Home Finance
Bikash Mishra
Chief Financial Officer · Easy Home Finance
Bhupinder Singh
Founder & Co-CEO · InCred
Prithviraj Vaikalathur Chandrasekhar
President · InCred
Random Bares
Co-Founder · Branch
Matthew Flannery
Co-Founder & CEO · Branch
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 Mumbai, India?
Radar tracks 296 indexable Alternative Lending companies headquartered in Mumbai, India, India, that meet our profile-completeness bar.
What is the total funding raised by Alternative Lending companies in Mumbai, India?
The Alternative Lending companies in Mumbai, India on this list have raised a combined $3.9B in disclosed equity funding across 120 funded companies.
Which is the highest-funded Alternative Lending company in Mumbai, India?
Weaver is the highest-funded Alternative Lending company in Mumbai, India, with $326M in disclosed equity funding.
How many Alternative Lending companies in Mumbai, India are funded?
120 of the 296 Alternative Lending companies in Mumbai, India on this list have disclosed at least one equity funding round.
How many Alternative Lending unicorns are there in Mumbai, India?
2 Alternative Lending companies in Mumbai, India on this list are valued at $1B or more.
Who are the top investors in Mumbai, India Alternative Lending companies?
The most active investors in Mumbai, India Alternative Lending companies on this list include Venture Catalysts, GSV, Trifecta Capital, Aarii Ventures, Alteria Capital.
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.