Company lists
The India edition · 2026

Banking techcompanies in India

Core banking software, lending tech, payments, regtech & KYC, insurance & BFSI software and more: the companies building banking tech in India, with their founders, funding, team size and business models.

863 company profiles414 with reported revenue183 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent banking tech business events in India

Funding, M&A, contract wins and launches involving 1,144 banking tech companies in India, last 24 months: 81 M&A deals · 64 launches · 53 Contracts · 30 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractMaintenance

Steag energy services · client: Bharat

STEAG Energy Services (India), a wholly-owned stepdown subsidiary of the Company has been awarded an order from Bharat Aluminium Company regarding '1740 MW Power Plant Operations and…

Infrastructure
M&AAcquisition · Completed

Clayfin acquires Louie voice

Clayfin, a provider of digital banking and customer experience solutions for financial institutions, has acquired Louie Voice, providers of a voice banking platform that enables users to…

Voice banking platform
M&AAcquisition · Announced

Freo acquires Indialends

Freo has acquired digital lending marketplace IndiaLends in a strategic move that gives Freo full ownership of the company and significantly expands its fintech ecosystem.

Digital lending marketplace
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
LaunchFintra

Aurionpro Solutions

"Aurionpro Solutions Limited has introduced Fintra, an artificial intelligence (AI)-native platform designed to automate trade finance workflows while retaining human oversight at key…

AI-powered trade finance platform
LaunchEMACH.ai Retail 6DX platform

Intellect design arena

Homegrown fintech solutions firm Intellect Design Arena Ltd on Thursday announced the deployment of its eMACH.ai Retail 6DX platform for OnCost, a Kuwait-based FMCG retailer, across its…

Retail Operations
LaunchIntegration with Banking Connect

Decentro

Decentro is ready to launch its integration with Banking Connect—the netbanking payment framework offered by NPCI Bharat BillPay Ltd— designed to simplify netbanking workflows while…

Netbanking payment integration
LaunchAutonomous Customer Operations Platform

Talisma

Talisma has launched its latest platform, the Autonomous Customer Operations Platform, to ease AI adoption in financial services and education sectors.

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
ContractTechnology

Infosys Finacle · client: Producers Savings Bank Corporation

Infosys Finacle has been selected by Producers Savings Bank Corporation to modernise its core banking infrastructure, as part of the lender’s broader digital transformation strategy…

Banking
Funding

Sign3

Gurugram-based fraud intelligence startup Sign3 has raised $1.5 million in a funding round led by early-stage venture firm Cedar Hill Capital.

Investors Cedar Hill Capital, Smile group, Rajesh Sawhney, Dinesh Agarwal
Fraud detection / Financial technology
ContractTechnology

Intellect design arena · client: One of India's Leading E-commerce Giants

Intellect Design Arena today announced that one of India’s Leading E-commerce Giants, serving a registered user base of more than 500 million, has selected Purple Fabric Accounts Payable…

E-commerce
LaunchCredInsure

Credgenics

Credgenics has launched CredInsure, an artificial intelligence-based platform aimed at supporting insurance companies in managing policyholder engagement and related operations.

AI-based platform
LaunchFinacle Core Banking Solution

Infosys Finacle

Producers Bank will modernize its technology landscape by upgrading to the latest version of the Finacle Core Banking Solution.

Core Banking Software
ContractService

Vakrangee · client: Bajaj General Insurance Limited

Mumbai-based software player and white-label ATM operator Vakrangee Ltd on Saturday said it has entered into a corporate agency arrangement with Bajaj General Insurance Limited to…

Insurance
ContractTechnology

Network People Services Technologies · client: Na

Mumbai : Network People Services Technologies Limited (NPST), India’s leading digital banking and payments technology company, today announced that it has secured a strategic mandate…

ContractTechnology

Network People Services Technologies · client: Large cooperative bank

Network People Services Technologies Limited (NPST) has secured a mandate from a large cooperative bank to deploy its UPI switching infrastructure.

Payments
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
ContractInfrastructure

Aurionpro · client: Na

Aurionpro Solutions Limited (BSE: 532668 | NSE: AURIONPRO) is pleased to announce its largest-ever order win in the fast-growing data centre segment, secured from one of the leading…

Data Centre
LaunchWorld’s First Agent Studio

Razorpay

Razorpay announced the launch of the “World’s First Agent Studio”, built using the Claude Agent SDK from Anthropic, at Razorpay’s flagship event, FTX’2026, in India on 12 March 2026.

B2B agent marketplace and builder platform
LaunchNGAGE for Enterprises

Comviva

Comviva has announced the launch of NGAGE for Enterprises, a next-generation communications platform as-a-service (CPaaS) platform designed to help enterprises deliver seamless, secure,…

Communications platform as a service (CPaaS)
M&AMerger · Announced

Supernet Technologies acquires Supernet

Supernet Limited has been merged with and into Supernet Technologies Limited (STL) pursuant to a Scheme of Arrangement sanctioned by the High Court of Sindh

Telecommunications
M&AAcquisition · Announced

Telecard acquires Supernet Technologies

STL was acquired by Telecard Limited, and it also became the majority shareholder of Supernet Limited.

Telecommunications
LaunchLiteCone

Lumiq

Enterprise AI firm LUMIQ has unveiled LiteCone, a specialised agentic AI Workforce designed specifically for financial services organisations looking to move beyond experimental AI…

AI Workforce platform
FundingSeed

Roopya

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

FinTech
M&AAcquisition · Announced

Bharti Airtel acquires Indus towers

Bharti Airtel, the promoter of Indus Towers, has further strengthened its control over the telecom infrastructure company by acquiring additional shares in the open market.

Telecom Infrastructure
Funding

Stable money

Bengaluru-based fixed income investment startup Stable Money has closed a $25 million funding round led by Peak XV Partners with participation from existing investors Fundamentum…

Investors Peak xv partners, Fundamentum Partnership, Z47, Rtp global
Fixed Income Investment
LaunchFraud Alert

Bharti Airtel

Bharti Airtel has launched its innovative Fraud Alert, an AI-powered, cutting-edge solution that delivers real-time protection to customers against the rapidly growing menace of…

LaunchUnified Digital Distribution Management System

Comviva

Comviva, the global leader in customer experience and data monetization solutions, today announced the launch of its next-generation Digital Distribution Management System for channel…

Digital Distribution Management System

Banking tech companies in India, by revenue

Browse banking tech 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 414 banking tech 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 payment and business banking solutions for enterprises

Payments
₹3,932.11 crFY 2024-25
+60%2024–2025
4,052LinkedIn · Jul 2026
12 yr2014
24postings · last posted Sep 2026

Provider of personal, business, and inclusive banking services and products

Banking tech
₹2,837.09 crFY 2024-25
+74%2024–2025
4,814+6% 12 mo to Sep 2024recorded Sep 2024
5 yr2021
9postings · last posted Sep 2026

Developer of an AI-based core banking platform

Banking tech
₹2,577.03 crFY 2024-25
+0%2024–2025
6,096+7% 12 mo to Sep 2024recorded Sep 2024
33 yr1993
0none in 3 months

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

Payments Bank

Banking tech
₹1,835.80 crFY 2023-24
+42%2023–2024
501-82% vs previous recordrecorded
9 yr2017
—No postings tracked

Provider of technology solutions and services for banking and financial sectors

Banking tech
₹1,864.43 crFY 2024-25
+25%2024–2025
6,198-10% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Developer of multiproduct platform for wholesale, consumer, and central banking

Banking tech
₹1,735.25 crFY 2023-24
Not reported
8,318+8% 12 mo to Aug 2024LinkedIn · Jul 2026
33 yr1993
30postings · last posted Sep 2026

Provider of loan and cash management solutions for banks and financial institutions

Banking tech
₹1,193.13 crFY 2024-25
+33%2024–2025
2,872+3% 12 mo to Mar 2024LinkedIn · Jul 2026
29 yr1997
3postings · last posted Aug 2026

Digital payment solution provider

Payments
₹923.36 crFY 2024-25
-2%2024–2025
1,385+22% 12 mo to Aug 2024recorded Aug 2024
11 yr2015
0none in 3 months

Software solutions for logistics & banking industry

Banking tech
₹898.51 crFY 2024-25
+2%2024–2025
10+3% 12 mo to Aug 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Core banking platform for banks & financial institutions

Banking tech
₹877.35 crFY 2023-24
Not reported
1,890+6% 12 mo to Mar 2024recorded Mar 2024
40 yr1986
0none in 3 months · last posted Jun 2026

Provider of software solutions, IT services, and financial inclusion products

Payments
₹770.69 crFY 2023-24
+40%2023–2024
865LinkedIn · Jul 2026
44 yr1982
0none in 3 months · last posted Feb 2026

Digital credit platform providing financial solutions to underserved small- and micro- retailers

Banking tech
₹750.31 crFY 2024-25
+25%2024–2025
1,080+19% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months · last posted Mar 2026

Platform offering digital banking solutions for consumers

Payments
₹719.69 crFY 2023-24
+33%2023–2024
176+24% 12 mo to Sep 2024recorded Sep 2024
11 yr2015
0none in 3 months

Provider of AI-driven platform for financial analysis, verification, and decisioning

Insurance it
₹708.65 crFY 2024-25
Not reported
1,573LinkedIn · Jul 2026
18 yr2008
1postings · last posted Jul 2026

Provider of AI-powered solutions for financial services transformation

Banking tech
₹598.15 crFY 2022-23
Not reported
2,829LinkedIn · Jul 2026
26 yr2000
0none in 3 months · last posted May 2026

Technology, Infrastructure and service provider for financial institutions

Banking tech
₹606.07 crFY 2024-25
+37%2024–2025
1,301+28% 12 mo to Sep 2024recorded Sep 2024
22 yr2004
1postings · last posted Sep 2026

Provider of credit information and analytical tools

Banking tech
₹531.44 crFY 2024-25
+50%2024–2025
438+63% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
84postings · last posted Sep 2026

Provider of APIs enabling banking, lending, and payment financial services

Payments
₹530.85 crFY 2024-25
+36%2024–2025
1,438+17% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Jun 2026

Platform offering investment and advisory services

Alternative lending
₹440.85 crFY 2021-22
-20093%2021–2022
—Not available
31 yr1995
0none in 3 months

Provider of working capital solutions and supply chain finance programs

Scm software
₹497.34 crFY 2024-25
Not reported
220+1% 12 mo to Aug 2024LinkedIn · Jul 2026
9 yr2017
8postings · last posted Sep 2026

Digital payment and banking service provider in rural areas

Payments
₹459.78 crFY 2023-24
+4%2023–2024
2,031-9% 12 mo to Nov 2023LinkedIn · Jul 2026
26 yr2000
4postings · last posted Sep 2026

Provider of IT services for banking and financial institutions

Banking tech
₹455.49 crFY 2023-24
Not reported
484-57% 12 mo to Aug 2023LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of digital solutions for financial institutions and government organizations

Banking tech
₹412.07 crFY 2022-23
Not reported
1,155-6% 12 mo to Jul 2024LinkedIn · Jul 2026
31 yr1995
62postings · last posted Sep 2026

Provider of end-to-end ATM outsourcing, digital payment, and platform solutions

Payments
₹421.34 crFY 2024-25
-3%2024–2025
332+22% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months
50 of 863 companies shown here · the full list is on Radar
Fliar Radar

Explore all 863 banking tech companies in India on Radar

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

Open banking tech in India on Radar
  • Every company, not just 50All 863 banking tech 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.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore banking tech companies in India by what you are looking for

Browse banking software companies and banking IT companies in India, from core banking platforms to digital payments and lending technology. Find banking tech startups in India, listed companies and firms that are hiring.

9 ways to explore banking tech in India

Core banking software & banking IT companiesLending & credit technology companiesPayments & digital banking companiesRegtech, KYC & compliance software companiesInsurance IT & BFSI sales softwareAI, chatbot & data analytics companies for banks

Core banking software & banking IT companies

Banking software suites, core banking platforms and open banking APIs.

  1. Razorpay

    Provider of payment and business banking solutions for enterprises

    Payments
    See in list
  2. Unity Small Finance Bank

    Provider of personal, business, and inclusive banking services and products

    Banking tech
    See in list
  3. eMACH.ai

    Developer of an AI-based core banking platform

    Banking tech
    See in list
  4. Airtel Payments Bank

    Payments Bank

    Banking tech
    See in list
  5. Fino Paytech

    Provider of technology solutions and services for banking and financial sectors

    Banking tech
    See in list

Lending & credit technology companies

Loan origination, credit scoring and alternative lending 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. Microfirm Capital

    Platform offering investment and advisory services

    Alternative lending
    See in list
  4. CredAble

    Provider of working capital solutions and supply chain finance programs

    Scm software
    See in list
  5. Perfios

    Real-time credit-decisioning platform and data aggregation APIs

    Banking tech
    See in list

Payments & digital banking companies

Payment gateways, business payments and digital wallet providers.

  1. Razorpay

    Provider of payment and business banking solutions for enterprises

    Payments
    See in list
  2. RNFI Services

    Digital payment solution provider

    Payments
    See in list
  3. M2P Fintech

    Provider of APIs enabling banking, lending, and payment financial services

    Payments
    See in list
  4. Spice Money

    Digital payment and banking service provider in rural areas

    Payments
    See in list
  5. Electronic Payment and Services

    Provider of end-to-end ATM outsourcing, digital payment, and platform solutions

    Payments
    See in list

Regtech, KYC & compliance software companies

Identity verification, KYC, AML and compliance software for banks.

  1. Perfios

    Provider of AI-driven platform for financial analysis, verification, and decisioning

    Insurance it
    See in list
  2. Idfy

    Provider of a platform for identity verification and risk management

    Grc software
    See in list
  3. Signzy Technologies

    Provider of identity verification and compliance platform with various API stacks

    Regtech
    See in list
  4. HyperVerge

    Provider of end-to-end KYC software and identity verification solutions

    Artificial intelligence
    See in list
  5. AuthBridge

    Provider of identity verification, employee screening, and due diligence platform

    Regtech
    Website

Insurance IT & BFSI sales software

Insurance technology, CRM and sales software for financial institutions.

  1. BUSINESSNEXT

    Provider of composable platform for CRM, data management, lending, and AI agent solutions

    Insurance it
    See in list
  2. SunTec

    Provider of pricing, billing, revenue management, and customer experience orchestration solutions

    Finance & accounting tech
    See in list
  3. Vymo

    AI-based sales engagement for financial institutions

    Sales force automation
    Website
  4. Decimal Technology

    Developer of a no-code platform for enterprise application development solutions

    Insurance it
    Website
  5. AccelTree

    Provider of proprietary digital platform for banking and insurance sector

    Insurance it
    Website

AI, chatbot & data analytics companies for banks

Chatbots, AI and analytics platforms serving banks.

  1. Lumiq

    AI powered data management platform for BFSI industry

    Big data analytics
    Website
  2. Rubix Data Sciences

    Provider of risk assessment, credit decisioning, and debt collection management solutions

    Banking tech
    Website
  3. Aays

    Platform offering risk management and data providing solutions

    Banking tech
    Website
  4. Scoreme

    Business intelligence software, for companies to continuously self-assess their performance.

    Regtech
    Website
  5. AICA

    Provider of an AI lending platform for banks and financial institutions

    Alternative lending
    Website

Investment, wealth & accounting technology

Wealth management, investment and finance software providers.

  1. FinIQ Consulting

    Treasury and wealth management solutions

    Banking tech
    See in list
  2. IRIS

    Provider of regulatory technology and compliance software solutions

    Regtech
    Website
  3. Market Simplified

    Provider of solutions for the financial services industry

    Banking tech
    Website
  4. Image InfoSystems

    Accounting, invoicing, and payment solutions for businesses

    Banking tech
    Website
  5. Knight FinTech

    A digital banking technology company that provides full-stack banking solutions for lending, treasury management, and supply chain finance

    Banking tech
    Website

Banking tech startups in India

Recently founded banking technology companies in India.

  1. Unity Small Finance Bank

    Provider of personal, business, and inclusive banking services and products

    Banking tech
    See in list
  2. Chace

    Provider of website maintenance services

    Banking tech
    Website
  3. Stable Money

    Provider of platform for booking fixed deposits from various banks

    Investment tech
    Website
  4. FYNDNA

    Provider of cloud-based digital banking solution

    Banking tech
    Website
  5. Inspay

    Open Banking API provider

    Banking tech
    Website
238 companies in India

Banking tech companies hiring in India

Banking technology companies in India with open jobs.

  1. Razorpay

    Provider of payment and business banking solutions for enterprises

    Payments
    See in list
  2. Unity Small Finance Bank

    Provider of personal, business, and inclusive banking services and products

    Banking tech
    See in list
  3. Intellect Design Arena

    Developer of multiproduct platform for wholesale, consumer, and central banking

    Banking tech
    See in list
  4. Aurionpro

    Provider of loan and cash management solutions for banks and financial institutions

    Banking tech
    See in list
  5. Integra Micro Systems

    Provider of software solutions, IT services, and financial inclusion products

    Payments
    See in list
44 companies in India
Mobile reach

Top 10 banking tech apps from India

The most-installed Android apps published by banking tech companies headquartered in India — 85.3M installs between them. 150 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Jupiter: Cards, UPI, Banking

by Jupiter

Installs14.9M
Rating4.31607K ratings
Installs, year on year+31%
Last updatedMay 2026
View on Google Play ↗
Jupiter: Cards, UPI, Banking screenshot 1Jupiter: Cards, UPI, Banking screenshot 2Jupiter: Cards, UPI, Banking screenshot 3Jupiter: Cards, UPI, Banking screenshot 4Jupiter: Cards, UPI, Banking screenshot 5Jupiter: Cards, UPI, Banking screenshot 6
2

PayNearby - Aadhaar ATM, DMT

by PayNearby

Installs14.4M
Rating3.67247K ratings
Installs, year on year+16%
Last updatedJun 2026
View on Google Play ↗
PayNearby - Aadhaar ATM, DMT screenshot 1PayNearby - Aadhaar ATM, DMT screenshot 2PayNearby - Aadhaar ATM, DMT screenshot 3PayNearby - Aadhaar ATM, DMT screenshot 4PayNearby - Aadhaar ATM, DMT screenshot 5PayNearby - Aadhaar ATM, DMT screenshot 6
3

Credit Score & Credit Cards

by BankBazaar

Installs14.0M
Rating4.42145K ratings
Installs, year on year+9%
Last updatedMay 2026
View on Google Play ↗
Credit Score & Credit Cards screenshot 1Credit Score & Credit Cards screenshot 2Credit Score & Credit Cards screenshot 3Credit Score & Credit Cards screenshot 4Credit Score & Credit Cards screenshot 5Credit Score & Credit Cards screenshot 6
4

Landeed: Instant Land Records

by Landeed

Installs8.2M
Rating3.7923K ratings
Installs, year on year+110%
Last updatedJun 2026
View on Google Play ↗
Landeed: Instant Land Records screenshot 1Landeed: Instant Land Records screenshot 2Landeed: Instant Land Records screenshot 3Landeed: Instant Land Records screenshot 4Landeed: Instant Land Records screenshot 5Landeed: Instant Land Records screenshot 6
6

Stable Money: FDs & Bonds

by Stable Money

Installs7.0M
Rating4.1438K ratings
Installs, year on year+76%
Last updatedJun 2026
View on Google Play ↗
Stable Money: FDs & Bonds screenshot 1Stable Money: FDs & Bonds screenshot 2Stable Money: FDs & Bonds screenshot 3Stable Money: FDs & Bonds screenshot 4Stable Money: FDs & Bonds screenshot 5
7

Oolka: AI Credit Score App

by Oolka

Installs6.4M
Rating—
Installs, year on year+500%
Last updatedJun 2026
View on Google Play ↗
Oolka: AI Credit Score App screenshot 1Oolka: AI Credit Score App screenshot 2Oolka: AI Credit Score App screenshot 3Oolka: AI Credit Score App screenshot 4Oolka: AI Credit Score App screenshot 5Oolka: AI Credit Score App screenshot 6
8

Freo - UPI, Insurance, Loans

by Freo

Installs6.4M
Rating4.33139K ratings
Installs, year on year+34%
Last updatedJun 2026
View on Google Play ↗
Freo - UPI, Insurance, Loans screenshot 1Freo - UPI, Insurance, Loans screenshot 2Freo - UPI, Insurance, Loans screenshot 3Freo - UPI, Insurance, Loans screenshot 4Freo - UPI, Insurance, Loans screenshot 5Freo - UPI, Insurance, Loans screenshot 6
9

Razorpay Payments for Business

by Razorpay

Installs3.3M
Rating3.89K ratings
Installs, year on year+37%
Last updatedMay 2026
View on Google Play ↗
Razorpay Payments for Business screenshot 1Razorpay Payments for Business screenshot 2Razorpay Payments for Business screenshot 3Razorpay Payments for Business screenshot 4Razorpay Payments for Business screenshot 5Razorpay Payments for Business screenshot 6
10

Niyo: Global cards for travel

by Niyo

Installs3.2M
Rating4.7252K ratings
Last updatedJun 2026
View on Google Play ↗
Niyo: Global cards for travel screenshot 1Niyo: Global cards for travel screenshot 2Niyo: Global cards for travel screenshot 3Niyo: Global cards for travel screenshot 4Niyo: Global cards for travel screenshot 5Niyo: Global cards for travel screenshot 6
The business behind the activity

Banking tech financials in India

Revenue, profit and growth from the filed annual accounts of 353 banking tech companies in India for FY24-25 — 431 of the 863 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 37% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹20,579.60 cr

353 companies filing accounts

combined net profit₹22.40 cr

0.1% aggregate margin

are profitable58%

202 of 353 companies

median revenue~₹6.5 cr

the typical company

median revenue growth+9%

into FY24-25

earned by the top five37%

revenue concentration

Six-year view

Combined revenue of filing companies

₹11,548.58 crFY19-20244 filers
₹12,238.35 crFY20-21281 filers
₹15,340.61 crFY21-22312 filers
₹20,837.82 crFY22-23343 filers
₹23,282.06 crFY23-24370 filers
₹20,579.60 crFY24-25353 filers

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

Like-for-like

The same 295 companies over three years

+13%
FY22-23₹17,336.09 cr₹181.28 cr net
FY23-24₹18,442.57 cr−₹445.79 cr net
FY24-25₹19,587.92 cr₹344.44 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 cr9331% profitable
₹1–10 cr10857% profitable
₹10–100 cr10873% profitable
₹100–1,000 cr4271% profitable
Over ₹1,000 cr2100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking120
0–20%78
20–50%66
50–100%25
Doubled+41

330 companies with accounts for both years; median growth +9%.

Profitability

Profit is concentrated at the top

202profitable
149loss-making
0.1%aggregate margin
1.0%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
Aceware TechnologiesACEWARE FINTECH SERVICES PRIVATE LIMITED₹24.07 cr
BranchXBRANCHX INDIA LIMITED+579%₹79.99 cr
TransBnkTRANSBNK SOLUTIONS PRIVATE LIMITED+478%
BulkpeCHASEOUT TECHNOLOGIES PRIVATE LIMITED
ClearDuCLEARDU FINTECH PRIVATE LIMITED+289%₹14.74 cr
Stable MoneySTABLE-ALPHA TECHNOLOGIES PRIVATE LIMITED+266%
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Decimal TechnologyDECIMAL TECHNOLOGIES PRIVATE LIMITED90.2%₹66.35 cr
FstacSTACKPE TECHNOSOLUTIONS PRIVATE LIMITED53.9%₹24.01 cr
KGiSLK G INFORMATION SYSTEMS PRIVATE LIMITED52.3%₹12.21 cr
Prime Credit Rating Migrations databasePraxis Consulting And Information Services Private Limited.₹18.84 cr
Force TenFORCE TEN TECHNOLOGIES PRIVATE LIMITED49.2%₹21.63 cr
Novel PatternsNOVEL PATTERNS PRIVATE LIMITED44.1%
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Banking tech222₹12,631.47 cr~₹7.6 cr62%3.6%
Payments26₹3,004.36 cr~₹29.6 cr58%-40.8%
Alternative lending16₹585.75 cr~₹12.6 cr19%-3.7%
Grc software14₹465.71 cr~₹7.1 cr50%11.8%
Insurance it11₹403.89 cr~₹7.8 cr64%17.3%
Regtech11₹378.46 cr~₹6.0 cr64%3.3%
Investment tech7₹68.31 cr~₹6.6 cr71%-57.1%
Customer service software6₹21.33 cr~₹4.2 cr83%1.4%
Leaders

Largest banking tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Unity Small Finance BankUNITY SMALL FINANCE BANK LIMITED₹2,837.09 cr₹482.03 cr17.0%+74%
TransUnion CIBILTRANSUNION CIBIL LIMITED₹2,306.28 cr₹802.19 cr34.8%+17%
Avon MobilityNUCLEUS SOFTWARE EXPORTS LIMITED₹838.70 cr₹161.76 cr19.3%+3%
AurionproAURIONPRO SOLUTIONS LIMITED₹818.94 cr₹85.02 cr10.4%+40%
NeoGrowthNEOGROWTH CREDIT PRIVATE LIMITED₹750.31 cr——+25%
C-Edge TechnologiesC-EDGE TECHNOLOGIES LIMITED₹606.07 cr₹153.55 cr25.3%+37%
ExperianEXPERIAN SERVICES INDIA (PRIVATE LIMITED)₹531.44 cr₹10.79 cr2.0%+50%
Spice MoneySPICE MONEY LIMITED₹467.59 cr₹14.82 cr3.2%+2%
Maveric SystemsMAVERIC SYSTEMS LIMITED₹433.82 cr₹7.30 cr1.7%-16%
Electronic Payment and ServicesELECTRONIC PAYMENT AND SERVICES PRIVATE LIMITED₹421.34 cr₹37.80 lakh0.1%-3%
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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 banking tech 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 banking tech 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

Banking tech funding and M&A across India

748 recorded equity rounds have gone to 1,144 banking tech 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 months18

US$112.72m

equity rounds, last 24 months63

US$293.72m

raised over five yearsUS$2.68bn

344 rounds in India

M&A deals, India81

last 24 months

Capital by year

Equity funding into banking tech in India

amount rounds
$153m201856
$355m201950
$217m202063
$1.2bn202188
$701m202292
$176m202351
$301m202459
$188m202542
$94m202612

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$1.22bn across 88 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$8.25m36 rounds · median US$129k
SeedUS$222.73m183 rounds · median US$729k
Series AUS$200.39m43 rounds · median US$4.00m
Series BUS$439.97m34 rounds · median US$6.80m
Series CUS$864.05m24 rounds · median US$31.07m
Series D+US$940.04m24 rounds · median US$10.93m
Where the money went · five years

Most-funded sub-sectors

Banking techUS$1.21bn197 rounds · 106 companies
PaymentsUS$750.36m26 rounds · 9 companies
Insurance itUS$223.40m11 rounds · 4 companies
Alternative lendingUS$138.05m33 rounds · 14 companies
Grc softwareUS$116.64m10 rounds · 4 companies
Investment techUS$102.32m13 rounds · 4 companies
RegtechUS$41.05m13 rounds · 5 companies
Corporate activity · last 24 months

M&A in India

72Acquisition
9Merger

Most active acquirers

  1. Bharti Airtel28
  2. Experian6
  3. Perfios5
  4. Aurionpro Solutions3
  5. Na3

Most acquired or merged

  1. Bharti Airtel9
  2. Indus towers3
  3. Tata play3
  4. Spice money2
  5. Mindgate2

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

Banking tech funding in India

183 banking tech companies in India have recorded equity funding, US$3.76bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind banking tech companies in India. 586 of 863 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India banking tech companies by sub-sector

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

Keep exploring banking tech in India and nearby markets.

Coming soon