Company lists
The Karnataka edition · 2026

Banking techcompanies in Karnataka

Banking software, lending tech, KYC & compliance, fraud & security, insurance tech and more: the companies building banking tech in Karnataka, with their founders, funding, team size and business models.

189 company profiles101 with reported revenue53 with recorded fundingSeptember 2026 edition
Karnataka · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 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: 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
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…

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
FundingPre Series C

Stable money

Stable Money has raised $25 million at a valuation of $175 million in a pre Series C funding round led by Peak XV Partners, with participation from Z47 (formerly Matrix Partners), RTP…

Investors Peak xv partners, Z47 (formerly Matrix Partners), Rtp global, Fundamentum Partnership
Wealthtech
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 Karnataka, by revenue

Browse banking tech companies in Karnataka 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 101 banking tech companies in Karnataka 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 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

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 online supermarket services for small-town retailers

Payments
₹360.78 crFY 2024-25
+45%2024–2025
220-19% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months · last posted Jun 2026

Real-time credit-decisioning platform and data aggregation APIs

Banking tech
₹244.66 crFY 2022-23
Not reported
1,573+2% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
—No postings tracked

Developer of digital banking platform offering solutions for financial institutions

Banking tech
₹172.56 crFY 2024-25
+14%2024–2025
451+32% 12 mo to Aug 2021recorded Aug 2021
15 yr2011
0none in 3 months

Provider of identity verification and compliance platform with various API stacks

Regtech
₹151.25 crFY 2024-25
+36%2024–2025
423+13% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
2postings · last posted Jul 2026

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

Artificial intelligence
₹149.16 crFY 2024-25
+17%2024–2025
401+25% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Platform offering zero-forex markup international debit and credit cards for travel and cross-border transactions

Banking tech
₹136.38 crFY 2024-25
+28%2024–2025
629+5% 12 mo to Aug 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Correspondent banking solutions for banks and financial institutions

Banking tech
₹136.19 crFY 2024-25
+2%2024–2025
68LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of digital solutions for KYC, document management, and digital signatures

Grc software
₹126.99 crFY 2024-25
+23%2024–2025
56recorded Jul 2024
10 yr2016
0none in 3 months · last posted Oct 2022

AI-based sales engagement for financial institutions

Sales force automation
₹122.19 crFY 2024-25
+12%2024–2025
457recorded
13 yr2013
1postings · last posted Jul 2026

Provider of website maintenance services

Banking tech
₹119.85 crFY 2024-25
+54%2024–2025
91+264% 12 mo to Sep 2024recorded Sep 2024
5 yr2021
0none in 3 months

Neobank for individuals

Banking tech
₹116.77 crFY 2024-25
+5%2024–2025
169+16% 12 mo to Aug 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of platform for booking fixed deposits from various banks

Investment tech
₹112.07 crFY 2024-25
+2737%2024–2025
169LinkedIn · Jul 2026
4 yr2022
3postings · last posted Sep 2026

Provider of profiling, payment, and privacy digital infrastructure solutions

Banking tech
₹93.17 crFY 2024-25
+124%2024–2025
88+42% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Apr 2026

Provider of technology solutions for banking, financial, and enterprise sectors

Banking tech
₹79.35 crFY 2024-25
+5%2024–2025
604-13% 12 mo to Aug 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months · last posted Feb 2026

Provider of infrastructure, risk intelligence, and orchestration solutions for digital lending

Grc software
₹78.76 crFY 2024-25
+48%2024–2025
406+38% 12 mo to Jul 2024LinkedIn · Jul 2026
11 yr2015
4postings · last posted Aug 2026

Platform for managing finances, investments, and payments

Banking tech
₹64.44 crFY 2024-25
-16%2024–2025
1,724-52% 12 mo to Aug 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of financial technologies and digital solutions for business transformation

Banking tech
₹57.21 crFY 2024-25
+40%2024–2025
16+14% 12 mo to Sep 2024recorded Sep 2024
27 yr1999
1postings · last posted Jul 2026

Blockchain-based loan lifecycle management suite

Banking tech
₹56.72 crFY 2024-25
-21%2024–2025
66-14% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Provider of building scalable services

Banking tech
₹41.65 crFY 2024-25
+8%2024–2025
87+21% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Software solutions for the banking industry

Banking tech
₹40.56 crFY 2024-25
+24%2024–2025
178+31% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Banking software suite

Banking tech
₹39.49 crFY 2023-24
+41%2023–2024
195-5% 12 mo to Aug 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months · last posted Jun 2026

AI-powered platform offering APIs for banking and FinTech

Banking tech
₹40.00 crFY 2024-25
+41%2024–2025
188+48% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
5postings · last posted Sep 2026
50 of 189 companies shown here · the full list is on Radar
Fliar Radar

Explore all 189 banking tech companies in Karnataka on Radar

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

Open banking tech in Karnataka on Radar
  • Every company, not just 50All 189 banking tech companies in Karnataka, 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 Karnataka by what you are looking for

Find banking software companies in Karnataka and top banking technology companies, from core banking platforms to KYC and lending tech. Browse banking tech startups in Karnataka in one place.

9 ways to explore banking tech in Karnataka

Banking software & core banking companiesLending & credit technology companiesKYC, compliance & regtech companiesFraud detection & cybersecurity for banksInsurance technology companiesPayments & business banking tech companies

Banking software & core banking companies

Providers of banking software suites, core banking and digital banking platforms.

  1. Razorpay

    Provider of payment and business banking solutions for enterprises

    Payments
    See in list
  2. i-exceed

    Developer of digital banking platform offering solutions for financial institutions

    Banking tech
    See in list
  3. Niyo

    Platform offering zero-forex markup international debit and credit cards for travel and cross-border transactions

    Banking tech
    See in list
  4. Chace

    Provider of website maintenance services

    Banking tech
    See in list
  5. Freo

    Neobank for individuals

    Banking tech
    See in list

Lending & credit technology companies

Loan origination, credit scoring and lending platforms.

  1. Perfios

    Real-time credit-decisioning platform and data aggregation APIs

    Banking tech
    See in list
  2. Vymo

    AI-based sales engagement for financial institutions

    Sales force automation
    See in list
  3. FinBox

    Provider of infrastructure, risk intelligence, and orchestration solutions for digital lending

    Grc software
    See in list
  4. Indihood

    Provider of building scalable services

    Banking tech
    See in list
  5. DPD Zero

    Provider of AI-powered platform for managing and optimizing debt collection

    Alternative lending
    See in list

KYC, compliance & regtech companies

Identity verification, KYC and regulatory compliance software.

  1. Perfios

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

    Insurance it
    See in list
  2. Signzy Technologies

    Provider of identity verification and compliance platform with various API stacks

    Regtech
    See in list
  3. HyperVerge

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

    Artificial intelligence
    See in list
  4. Digio

    Provider of digital solutions for KYC, document management, and digital signatures

    Grc software
    See in list
  5. Surya Software Systems

    Provider of financial technologies and digital solutions for business transformation

    Banking tech
    See in list

Fraud detection & cybersecurity for banks

Security, fraud prevention and biometric tools for financial firms.

  1. Perfios

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

    Insurance it
    See in list
  2. Signzy Technologies

    Provider of identity verification and compliance platform with various API stacks

    Regtech
    See in list
  3. HyperVerge

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

    Artificial intelligence
    See in list
  4. Digio

    Provider of digital solutions for KYC, document management, and digital signatures

    Grc software
    See in list
  5. Digitap.AI

    AI-powered platform offering APIs for banking and FinTech

    Banking tech
    See in list

Insurance technology companies

Software and AI for insurers and insurance distribution.

  1. Perfios

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

    Insurance it
    See in list
  2. EigenRisk

    Risk analytics solutions for insurance & risk management community

    Grc software
    See in list
  3. Enkefalos

    Developer of AI solutions for insurance carriers, agencies, and related businesses

    Banking tech
    Website
  4. MiOSales

    AI based platform offering marketing software for insurance industry

    Insurance it
    Website
  5. Kriyam

    Provider of AI-based automating investigations

    Regtech
    Website

Payments & business banking tech companies

Payment infrastructure, cards and business banking platforms.

  1. Razorpay

    Provider of payment and business banking solutions for enterprises

    Payments
    See in list
  2. Neokred

    Provider of profiling, payment, and privacy digital infrastructure solutions

    Banking tech
    See in list
  3. OneFin

    Provider of loan origination and management systems for banks and NBFCs

    Banking tech
    See in list
  4. Card91

    Provider of platform enabling businesses to issue and manage payment instruments

    Payments
    See in list
  5. Shelfpay

    Provider of a platform to manage and control spending

    Payments
    Website

AI & analytics companies for banks and wealth

AI, data analytics and investment tech for financial institutions.

  1. EigenRisk

    Risk analytics solutions for insurance & risk management community

    Grc software
    See in list
  2. Crediwatch

    Cloud-based business intelligence solution

    Big data analytics
    See in list
  3. Enkefalos

    Developer of AI solutions for insurance carriers, agencies, and related businesses

    Banking tech
    Website
  4. Hexagonglobal

    Provider of technology solutions for the banking and fintech industry

    Banking tech
    Website
  5. Binocs

    Gen AI powered document analyzer and loan monitoring system

    Generative ai
    Website

Banking tech startups in Karnataka

Recently founded banking technology companies in Karnataka.

  1. Chace

    Provider of website maintenance services

    Banking tech
    See in list
  2. Stable Money

    Provider of platform for booking fixed deposits from various banks

    Investment tech
    See in list
  3. Fstac

    Provider of API solutions for fintech management

    Banking tech
    See in list
  4. DPD Zero

    Provider of AI-powered platform for managing and optimizing debt collection

    Alternative lending
    See in list
  5. Upswing

    Provider of an API platform enabling companies to offer financial products

    Banking tech
    See in list
65 companies in Karnataka

Banking tech companies hiring in Karnataka

Banking technology companies in Karnataka with open roles.

  1. Razorpay

    Provider of payment and business banking solutions for enterprises

    Payments
    See in list
  2. Integra Micro Systems

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

    Payments
    See in list
  3. Perfios

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

    Insurance it
    See in list
  4. StoreKing

    Provider of online supermarket services for small-town retailers

    Payments
    See in list
  5. Signzy Technologies

    Provider of identity verification and compliance platform with various API stacks

    Regtech
    See in list
30 companies in Karnataka
Mobile reach

Top 10 banking tech apps from Karnataka

The most-installed Android apps published by banking tech companies headquartered in Karnataka — 28.0M installs between them. 44 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

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
2

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
3

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
4

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
5

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
6

Digio - eSign | Doc Scanner

by Digio

Installs582K
Rating4.6210K ratings
Last updatedJul 2025
View on Google Play ↗
Digio - eSign | Doc Scanner screenshot 1Digio - eSign | Doc Scanner screenshot 2Digio - eSign | Doc Scanner screenshot 3Digio - eSign | Doc Scanner screenshot 4Digio - eSign | Doc Scanner screenshot 5Digio - eSign | Doc Scanner screenshot 6
7

Streak- Teenagers Payment App

by Streak Card

Installs453K
Rating—
Last updatedApr 2025
View on Google Play ↗
Streak- Teenagers Payment App screenshot 1Streak- Teenagers Payment App screenshot 2Streak- Teenagers Payment App screenshot 3Streak- Teenagers Payment App screenshot 4
8

Byaj Book: Credit Udhar Ledger

by Byaj Book

Installs437K
Rating—
Installs, year on year+3%
Last updatedMay 2026
View on Google Play ↗
Byaj Book: Credit Udhar Ledger screenshot 1Byaj Book: Credit Udhar Ledger screenshot 2Byaj Book: Credit Udhar Ledger screenshot 3Byaj Book: Credit Udhar Ledger screenshot 4Byaj Book: Credit Udhar Ledger screenshot 5Byaj Book: Credit Udhar Ledger screenshot 6
9

Fold

by Fold

Installs142K
Rating3.141K ratings
Last updatedMay 2026
View on Google Play ↗
Fold screenshot 1Fold screenshot 2Fold screenshot 3Fold screenshot 4Fold screenshot 5Fold screenshot 6
10

HOP Remit - Send Money Abroad

by Hop

Installs125K
Rating—
Installs, year on year+15%
Last updatedNov 2025
View on Google Play ↗
HOP Remit - Send Money Abroad screenshot 1HOP Remit - Send Money Abroad screenshot 2HOP Remit - Send Money Abroad screenshot 3HOP Remit - Send Money Abroad screenshot 4HOP Remit - Send Money Abroad screenshot 5HOP Remit - Send Money Abroad screenshot 6
The business behind the activity

Banking tech financials in Karnataka

Revenue, profit and growth from the filed annual accounts of 84 banking tech companies in Karnataka for FY24-25 — 99 of the 189 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 40% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹2,422.43 cr

84 companies filing accounts

combined net profit−₹1,559.01 cr

-64.4% aggregate margin

are profitable47%

39 of 84 companies

median revenue~₹6.3 cr

the typical company

median revenue growth+11%

into FY24-25

earned by the top five40%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,512.90 crFY19-2053 filers
₹1,928.53 crFY20-2162 filers
₹1,352.57 crFY21-2265 filers
₹4,604.71 crFY22-2374 filers
₹2,572.83 crFY23-2480 filers
₹2,422.43 crFY24-2584 filers

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

Like-for-like

The same 65 companies over three years

-43%
FY22-23₹3,641.67 cr−₹598.48 cr net
FY23-24₹1,768.05 cr−₹1,696.69 cr net
FY24-25₹2,080.52 cr−₹1,321.10 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 cr1926% profitable
₹1–10 cr3253% profitable
₹10–100 cr2458% profitable
₹100–1,000 cr933% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking23
0–20%21
20–50%11
50–100%6
Doubled+12

73 companies with accounts for both years; median growth +11%.

Profitability

Profit is concentrated at the top

39profitable
44loss-making
-64.4%aggregate margin
-3.9%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
Stable MoneySTABLE-ALPHA TECHNOLOGIES PRIVATE LIMITED+266%₹10.12 cr
UpswingUpswing Financial Technologies Private Limited
NeokredNEOKRED TECHNOLOGIES PRIVATE LIMITED+124%₹93.17 cr
KarplexusKARPLEXUS PRIVATE LIMITED
OneFinONFN TECHNOLOGIES PRIVATE LIMITED
ChacePAZAGO TECHNOLOGIES PRIVATE LIMITED+54%₹119.85 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
FstacSTACKPE TECHNOSOLUTIONS PRIVATE LIMITED
DigioDIGIOTECH SOLUTIONS PRIVATE LIMITED40.9%₹126.62 cr
IRD SoftwareIRD SOFTWARE PRIVATE LIMITED
OneFinONFN TECHNOLOGIES PRIVATE LIMITED
LCode TechnologiesLCODE TECHNOLOGIES PRIVATE LIMITED19.1%₹40.55 cr
KarplexusKARPLEXUS PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Banking tech51₹1,271.80 cr~₹7.4 cr56%-32.9%
Alternative lending7₹55.78 cr~₹3.9 cr0%-53.7%
Leaders

Largest banking tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
StoreKingLOCALCUBE COMMERCE PRIVATE LIMITED₹360.78 cr−₹14.19 cr-3.9%+45%
RazorpayRazorpay Software Limited₹187.30 cr−₹1,021.58 cr-545.4%-5%
HyperVergeHYPERVERGE TECHNOLOGIES PRIVATE LIMITED₹149.16 cr₹3.24 cr2.2%+17%
ECAPSEQUITY CAPITAL ADVISORS (INDIA) PRIVATE LIMITED₹136.19 cr−₹2.38 cr-1.7%+2%
NiyoFinnew Solutions Private Limited₹129.24 cr−₹82.27 cr-63.7%+21%
DigioDIGIOTECH SOLUTIONS PRIVATE LIMITED₹126.62 cr₹51.72 cr40.9%+23%
VymoVYMO TECHNOLOGIES (INDIA) PRIVATE LIMITED₹122.19 cr−₹24.42 cr-20.0%+12%
ChacePAZAGO TECHNOLOGIES PRIVATE LIMITED₹119.85 cr₹1.26 cr1.1%+54%
FreoMWYN TECH PRIVATE LIMITED₹115.31 cr−₹8.85 cr-7.7%+3%
NeokredNEOKRED TECHNOLOGIES PRIVATE LIMITED₹93.17 cr₹10.40 cr11.2%+124%
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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.

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 Karnataka 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 Karnataka

53 banking tech companies in Karnataka have recorded equity funding, US$1.97bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Karnataka

Meet the people behind banking tech companies in Karnataka. 143 of 189 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Karnataka banking tech companies by sub-sector

The most common specialisations among banking tech companies in Karnataka. 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