Best Banking Tech Companies in Chennai, India
The 64 best Banking Tech companies in Chennai, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: M2P Fintech.
Our analysis of 50 Banking Tech companies
$7.7b in tracked funding; 98% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Banking Tech companies in Chennai
| # | Company | Revenue | Disclosed funding | Revenue YoY | Employees | Founded | Founder | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | eMACH.ai Developer of an AI-based core banking platform | $305M FY2025 | — | — | 6,096 | 1993 | Arun Jain Founder | — |
| 2 | IGCB Software solutions for financial solutions | $305M FY2025 | — | — | 6,096 | 2011 | Rajesh Saxena CEO | — |
| 3 | iTurmeric Cloud-based open banking API solutions | $305M FY2025 | — | — | 6,096 | 2020 | — | — |
| 4 | Avon Mobility Software solutions for logistics & banking industry | $106M FY2025 | — | +2% | 1,873 | 2007 | Rony Thomas Zacaria Managing Director | — |
| 5 | M2P Fintech Provider of APIs enabling banking, lending, and payment financial services 84Tech top 14%Funding top 20%Moat top 21%Market top 27% All 11 signals ▾Techtop 14% Fundingtop 20% Moattop 21% Markettop 27% Innovationtop 28% Producttop 29% Talenttop 31% Globaltop 42% Growthtop 43% Fin. healthtop 46% Newsbottom 40% Tech: 59 technologies across 7/8 capability areas · Cloud: Amazon S3, Amazon Ses Funding: Raised $183M across 11 rounds · 11 rounds over 6 yrs (1.8/yr) rank vs industry peers · Fliar Intelligence Index 84/100 | $63M FY2025 | $183M | +36% | 1,078 1,078 → 1,438 (+33%) · sector median +30% | 2014 | Dinesh Desu Co-Founder | 1 partnership |
| 6 | 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 | — | 943 943 → 696 (-26%) · sector median +30% | 2008 | Rati Shetty Co-Founder & CPO | — |
| 7 | Dhanhind Platform offering financial solutions | $17M FY2025 | — | +33% | — | 2020 | Anand Vurgese Co Founder and Chief Executive Officer | — |
| 8 | Centrico Financial technology platform offering core banking solutions | $10M FY2025 | — | +2% | 201 | 2019 | Srinivas Lingam CEO | 1 partnership |
| 9 | CONNECTperfect Cloud-based open banking APIs for fintech marketplace integrations | $9M FY2025 | — | +30% | 319 319 → 472 (+48%) · sector median +30% | 2015 | Sundar Uppiliappan Garg Co-Founder | 1 partnership |
| 10 | Encore Theme Technologies Core business software solutions for banks and financial institutions | $8M FY2024 | — | -18% | 53 | 2006 | — | — |
| 11 | Vortex Engineering Manufacturer of ATM 64Product top 21%News top 33%Funding top 34%Moat top 34% All 13 signals ▾Producttop 21% Newstop 33% Fundingtop 34% Moattop 34% Talenttop 35% Markettop 37% Techtop 40% Fin. healthtop 44% Growthtop 45% Innovationbottom 41% Globalbottom 40% Patentsbottom 39% Partnersbottom 35% Product: 6 distinct product lines · Company stage: Series D News: 3 BI events in 12 mo (of 13 tracked, 5 types) · Top themes: Earnings, Contracts rank vs industry peers · Fliar Intelligence Index 64/100 | $8M FY2025 | $24M | +25% | 313 313 → 499 (+59%) · sector median +30% | 2001 | Kannan Lakshminarayan Founder | — |
| 12 | Clayfin Provider of digital banking platforms and omnichannel customer experience solutions 53Talent top 28%Innovation top 34%Fin. health top 37%Product top 43% All 11 signals ▾Talenttop 28% Innovationtop 34% Fin. healthtop 37% Producttop 43% Techtop 45% Marketbottom 46% Fundingbottom 44% Growthbottom 39% Moatbottom 34% Globalbottom 32% Newsbottom 27% Talent: Analyst team rating 5/5 · 2 named leaders on record Innovation: 12 product lines rank vs industry peers · Fliar Intelligence Index 53/100 | $8M FY2025 | $4M | +4% | 219 219 → 251 (+15%) · sector median +30% | 2009 | Ramaswamy Iyer Co-Founder & Director | — |
| 13 | CredoPay Merchant acquirer payment processing solutions for businesses | $7M FY2025 | $10M | +67% | 106 106 → 120 (+13%) · sector median +30% | 2014 | Dore Swamy Co-Founder & CEO | 1 partnership · 1 award |
| 14 | Market Simplified Provider of solutions for the financial services industry | $6M FY2023 | $8M | +11% | 309 | 2005 | — | — |
| 15 | BCT Digital AI-enabled risk management solutions for financial institutions | $6M FY2025 | — | -7% | 75 75 → 39 (-48%) · sector median +30% | 1999 | Hind Bahwan Co-Founder | — |
| 16 | Uncia AI-powered lending solution provider | $4M FY2025 | $3M | +31% | — | 2020 | Hari Padmanabhan Founder & CEO | — |
| 17 | Bulkpe Internet-first bank offering digital banking services for businesses | $3M FY2025 | — | +474% | — | 2022 | Saurabh Bhatnagar Co-Founder | 1 internship |
| 18 | Hotfoot Provider of low-code platform streamlining loan origination, processing, and servicing | $3M FY2025 | $331K | +15% | 191 191 → 245 (+28%) · sector median +30% | 2016 | Rajesh Venkatesan Director | — |
| 19 | ezee.ai Provider of AI-based digital lending, debt collection, and other fintech solutions | $2M FY2025 | — | — | 119 119 → 123 (+3%) · sector median +30% | 2017 | Vaidyanathan Balasubramaniam Co-Founder | 1 partnership |
| 20 | iSolve CKYC Cloud based video identity verification process with AI facial match detection system | $2M FY2025 | — | -10% | 322 | 2017 | Parthasarathy Rangarajan CEO | — |
| 21 | CashLink Global Systems ATM and payment processing software solutions | $2M FY2025 | — | -10% | 88 | 2004 | — | — |
| 22 | IppoStack Banking API solutions for financial instituions | $2M FY2025 | — | -28% | 244 | 2021 | Mohan Karuppaiah Co-Founder & CEO | — |
| 23 | Digifin Account opening platform for BFSI sector | $1M FY2024 | — | — | 64 | 2011 | Jitendra Gupta Founder | — |
| 24 | Bharatx.vision Credit scoring solutions for individuals & businesses | $1M FY2025 | — | +191% | — | 2019 | Mehul Nath Jindal Co-Founder | — |
| 25 | Anur Cloud Provider of AI-based video-KYC onboarding solutions | $475K FY2025 | $891K | +11% | 40 40 → 64 (+60%) · sector median +30% | 2016 | Srinivasan Varadarajan Co-Founder | — |
| 26 | CloudBankin Provider of API-enabled platform offering loan management solutions for banks and lenders | $462K FY2025 | $400K | +30% | 44 44 → 77 (+75%) · sector median +30% | 2008 | Barath Kris Co-Founder | — |
| 27 | Brainotix Solutions Banking software suite | $401K FY2025 | — | +8% | — | 2019 | Rajesh M CEO | — |
| 28 | Levarus Provider of technology and software consulting for the banking domain | $367K FY2025 | — | +208% | 16 | 2022 | R Rajesh Co-Founder & Director | — |
| 29 | Vanghee Digital bank for businesses | $341K FY2025 | $212K | +49% | 37 | 2016 | Muthukumaran Ramanathan Founder | — |
| 30 | Ncash Provider of an AI-powered platform for employee financial wellness in modern workplaces | $245K FY2025 | $571K | +132% | 17 | 2021 | Hariharan V Co-Founder | — |
| 31 | Mindeed Technologies Banking software suite | $163K FY2022 | — | — | 30 | 2019 | Mohanraj Ravi Founder & COO | — |
| 32 | LendingStack Software for loan lifecycle management | $146K FY2025 | — | +16% | — | 2020 | Sreedhar Ramasamy Founder & CEO | — |
| 33 | Versify Cloud-based accounting management solutions for financial institutions and small businesses | $143K FY2024 | $195K | -28% | — | 2017 | Charles Raj CEO | — |
Top 12 Banking Tech companies in Chennai
#1
Series D · Chennai, Tamil Nadu · founded 2008 · 943 employees$125.7Mraised▾
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.
- Feb 2026Series D$441.4K
- Dec 2025Venture Debt$2.2M
- Apr 2025Series D$6.4M
- Oct 2024Series D$1.9M
#2
Series D · Chennai, Tamil Nadu · founded 2014 · 1078 employees$183.4Mraised▾
Provider of APIs enabling banking, lending, and payment financial services. The company offers solutions for customer onboarding, core banking systems, and payment processing. It facilitates card issuance, core lending, and digital commerce. The company provides tools for regulatory compliance, fraud management, and rewards programs. It also offers value-added services, including reconciliation, KYC, and anti-money laundering solutions.
- Jun 2025Series D$3.5M
- Sep 2024Series D$70M
- Jul 2024Series C$836.2K
- Apr 2024Venture Debt$4.2M
#3
Seed · Chennai, Tamil Nadu · founded 2020$3.1Mraised▾
AI-powered lending solution provider. It is the platform for loan origination, management, and supply chain finance. The company technologies positions itself as an innovative SaaS provider transforming traditional lending and supply chain finance by combining AI, cloud architecture, and user-driven customization. It combines the power of AI with human intuition to deliver a ‘not available elsewhere’ experience for its customers. It build intelligence to power its products and in every step of the process, to deliver superior business results. Its cloud first approach delivers unmatched flexibility and scalability, allowing users to channel their energy towards growing their business.
- Mar 2026Seed$3M
- Jan 2024Angel$120K
#4
Series D · Chennai, Tamil Nadu · founded 2001 · 313 employees$24Mraised▾
Manufacturer of ATM. It provides users with a company that designs and manufactures self-service transaction systems, including ATMs, catering to banks and financial institutions. They are recognized for pioneering low-power and solar-powered ATMs. It also provides comprehensive monitoring and incident management solutions for ATMs across different vendors.
- Dec 2023Series D—
- Feb 2018Series D$5M
- Feb 2011Series A$14.7M
- Jun 2009Seed$3.1M
#5
Seed · Chennai, Tamil Nadu · founded 2016 · 191 employees$331.5Kraised▾
Provider of low-code platform streamlining loan origination, processing, and servicing. The company delivers technology, data science, and domain expertise for financial institutions. Its platform offers solutions for digital onboarding, data intelligence, and disbursement. The business rule engine simplifies decision-making and complex integrations. The company offers solutions for various loan products.
- Dec 2024Seed$1.1M
- Sep 2019Seed$250K
- Mar 2018Angel$81.5K
#6
Seed · Chennai, Tamil Nadu · founded 2005 · 309 employees$7.6Mraised▾
Provider of solutions for the financial services industry. It offers a mobile trading platform that provides portfolio management, trading, research, and advisory. It provides a mobile banking platform that provides account management, service requests, security, and alerts. It offers CRM solutions for wealth managers and the insurance industry.
- Aug 2022Seed$1.3M
- Feb 2022Seed$1.3M
- Jun 2011Seed$1.7M
- Dec 2010Seed$1M
#7
Seed · Chennai, Tamil Nadu · founded 2014 · 106 employees$10.2Mraised▾
Merchant acquirer payment processing solutions for businesses. Provides one-stop solution for unified acquiring, multi-channel payment processing, and connected banking solutions to banks, neo-banks, payment facilitators, merchant acquirers, fintech companies, and ISOs. Offers support for multiple payment methods like UPI, payment gateway, POS, QR-codes links, and more.
- Mar 2022Seed$5M
- Jan 2021Seed$534.5K
- Sep 2020Seed$1.2M
- Mar 2020Seed$555.8K
#8
Seed · Chennai, Tamil Nadu · founded 2012$564.3Kraised▾
Provider of core banking system implementation and upgrade services. It offers a complete core banking journey, from initial concept to sustained performance. Services include business analysis, test management, model bank configurations, health checks, and software selection. The firm assists with project management, training, and issue resolution. They specialize in Temenos solutions, possessing expertise in various aspects of the Temenos T24 platform and Temenos Infinity. Their consultants have extensive experience across diverse regions and possess a deep understanding of banking needs. They collaborate closely with clients to deliver solutions with precision and excellence.
- Mar 2024Seed$564.3K
#9
Seed · Chennai, Tamil Nadu · founded 2016 · 40 employees$891.2Kraised▾
Provider of AI-based video-KYC onboarding solutions. It provides users with software solutions for various players in the banking industry to manage onboarding, AML due diligence, and identity verification. It also provides users with authentication solutions, compliance systems, and verification solutions.
- Jul 2023Seed$198.7K
- Nov 2022Seed$96.4K
- Dec 2021Seed—
- Nov 2021Seed$596.1K
#10
Seed · Chennai, Tamil Nadu · founded 2018 · 19 employees$3.1Mraised▾
Tech infrastructure for developers to power new financial use-cases. It de-constructs finance into its primitive components so that users can take insights to market without worrying about the underlying infrastructure. It inspires developers & businesses to build their own set of financial products which are at the cutting edge of technology. By unbundling the tech stack that bridges banks, financial institutions, and customers into elementary components, Hypto removes bottlenecks that exist in legacy systems.
- Jun 2021Seed$3.1M
#11
Acqui-Hired · Chennai, Tamil Nadu · founded 2020 · 19 employees$1.7Mraised▾
Provider of open banking APIs. It allows businesses to use its APIs to connect with their financial accounts of customers, build their use-case-specific products, enrich customer experiences and personalize user engagement.
- Sep 2021Seed$1.5M
- Jul 2020Seed$221K
#12
Seed · Chennai, Tamil Nadu · founded 2009 · 219 employees$4.4Mraised▾
Provider of digital banking platforms and omnichannel customer experience solutions. The company delivers retail and corporate banking solutions, including PFM and channel analytics. It offers internet, mobile, wearable, and API banking to enhance customer journeys. The company provides tools to acquire, engage, transact, and manage customer interactions.
- Apr 2015Seed$1.9M
- Apr 2009Seed$2.5M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Banking Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
What Chennai researches in fintech
- SRM Institute of Science and Technology13
- Vellore Institute of Technology University8
- University of Madras3
- Anna University, Chennai3
- Madras Institute of Development Studies2
Common questions
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.