Radar · Banking Tech in Maharashtra
Best Banking Tech Companies in Maharashtra, India
The 235 best Banking Tech companies in Maharashtra, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Fino Paytech.
By Riya SenguptaFinancials
235companies tracked
$1.1Bdisclosed funding
0unicorns
71have raised
FLIAR INTELLIGENCE · BANKING TECH × MAHARASHTRA
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.
50companies analysed
98%cloud-native stacks
2025funding peak (by rounds)
12unicorns
2016median founding year
1.4Mcombined LinkedIn audience
37%of audience held by top 3
6companies hiring publicly (12 mo)
Ranked: Best Banking Tech companies in Maharashtra
| # | Company | Revenue | Disclosed funding | Revenue YoY | Employees | Founder | App-install YoY | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | CIBIL Credit scoring data and customer information provider | $273M FY2025 | $19M | +17% | 1,668 | — | — | — |
| 2 | TransUnion CIBIL Provider of credit scores datasets | $273M FY2025 | $19M | +17% | 1,668 1,668 → 1,017 (-39%) · sector median +37% | Bhavesh Jain CEO & Managing Director | — | 1 award |
| 3 | Fino Paytech Provider of technology solutions and services for banking and financial sectors | $221M FY2025 | $177M | +25% | 18 | — | — | 2 awards |
| 4 | Aurionpro Provider of loan and cash management solutions for banks and financial institutions | $141M FY2025 | $3M | +33% | 33 | Nisha Sidhwani Founder and Head | — | 1 launch · 3 partnerships |
| 5 | NeoGrowth Digital credit platform providing financial solutions to underserved small- and micro- retailers 67Moat top 20%Funding top 23%Fin. health top 31%Market top 33% All 11 signals ▾Moattop 20% Fundingtop 23% Fin. healthtop 31% Markettop 33% Techtop 34% Producttop 34% Partnerstop 37% Growthtop 47% Innovationbottom 46% Globalbottom 39% Newsbottom 24% Moat: Top 2% by revenue among 363 tracked Banking Tech companies · Editorial + unicorn rating 8/10 Funding: Raised $147M across 15 rounds · 15 rounds over 13 yrs (1.2/yr) rank vs industry peers · Fliar Intelligence Index 67/100 | $89M FY2025 | $147M | +25% | 783 783 → 1,080 (+38%) · sector median +37% | — | +27% | — |
| 6 | 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 +37% | Ram Kewalramani Co-Founder & MD | — | 1 launch · 2 awards |
| 7 | Electronic Payment and Services Provider of end-to-end ATM outsourcing, digital payment, and platform solutions | $50M FY2025 | $44M | -3% | 281 281 → 332 (+18%) · sector median +37% | Mani Mamallan Co-Founder & Managing Director | — | — |
| 8 | Mindgate Provider of digital payment platform, retail, transaction banking, and other solutions 69Fin. health top 22%Moat top 23%Growth top 29%Market top 34% All 9 signals ▾Fin. healthtop 22% Moattop 23% Growthtop 29% Markettop 34% Talenttop 38% Fundingtop 43% Newsbottom 45% Globalbottom 37% Techbottom 31% Fin. health: Revenue ~$42.0M (FY2024) · Net margin 6.7% Moat: Top 5% by revenue among 743 tracked Payments companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 69/100 | $42M FY2025 | $10M | +41% | 1,330 | Guhan Muthusamy Co-Founder | — | — |
| 9 | CRIF Provider of a credit scoring solution for businesses | $38M FY2025 | $9M | +20% | 175 | Anil Pandya Co-Founder | — | 1 expansion |
| 10 | PayNearby Digital platform providing range of payment and digital banking services | $37M FY2025 | $2M | -17% | 838 838 → 1,490 (+78%) · sector median +37% | Rajesh Jha Co-Founder | +16% | — |
| 11 | FinIQ Consulting Treasury and wealth management solutions 55Fin. health top 30%Innovation top 34%Growth top 35%Market top 46% All 9 signals ▾Fin. healthtop 30% Innovationtop 34% Growthtop 35% Markettop 46% Producttop 46% Globalbottom 43% Fundingbottom 36% Newsbottom 22% Techbottom 21% Fin. health: Revenue ~$31.3M (FY2020) · Net margin 14.8% Innovation: 12 product lines rank vs industry peers · Fliar Intelligence Index 55/100 | $31M FY2024 | $15K | +18% | 175 | — | — | — |
| 12 | Lentra Provider of cloud-based digital lending software and solutions for financial institutions 53Moat top 22%Talent top 31%Funding top 34%Market top 35% All 10 signals ▾Moattop 22% Talenttop 31% Fundingtop 34% Markettop 35% Fin. healthtop 39% Newstop 41% Producttop 49% Techtop 50% Globalbottom 39% Growthbottom 28% Moat: Top 6% by revenue among 363 tracked Banking Tech companies · Editorial + unicorn rating 8/10 Talent: 5 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 53/100 | $26M FY2025 | $104M | — | 678 678 → 760 (+12%) · sector median +37% | Rangarajan Vasudevan Co-Founder | — | 2 partnerships |
| 13 | Sarvatra Provider of end-to-end platform for banking and payment technology solutions 62Moat top 26%Fin. health top 30%Growth top 35%Market top 39% All 12 signals ▾Moattop 26% Fin. healthtop 30% Growthtop 35% Markettop 39% Fundingtop 42% Customerstop 45% Innovationtop 46% Producttop 50% Techbottom 49% Talentbottom 49% Patentsbottom 45% Globalbottom 37% Moat: Top 6% by revenue among 363 tracked Banking Tech companies · Editorial + unicorn rating 7/10 Fin. health: Revenue ~$25.5M (FY2024) · Net margin 14.7% rank vs industry peers · Fliar Intelligence Index 62/100 | $25M FY2025 | $25M | +31% | 643 643 → 879 (+37%) · sector median +37% | Sumeet Phadnis CEO & CTO | — | — |
| 14 | Pay Point India Provider of digital financial services and retail solutions via agent network | $24M FY2025 | $3M | +32% | 966 966 → 623 (-36%) · sector median +37% | Arnav Patel Founder | +19% | 2 job openings · 1 award |
| 15 | Idfy Provider of a platform for identity verification and risk management 83Tech top 18%Moat top 20%Talent top 23%Funding top 24% All 9 signals ▾Techtop 18% Moattop 20% Talenttop 23% Fundingtop 24% Growthtop 31% Markettop 32% Producttop 32% Fin. healthtop 39% Globalbottom 39% Tech: 74 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Moat: Top 1% by revenue among 135 tracked GRC Software companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 83/100 | $23M FY2025 | $59M | +30% | 536 536 → 917 (+71%) · sector median +37% | Kaushik Shah Co-Founder | — | — |
| 16 | Vayana Provider of a platform facilitating trade credit and supply chain finance 60Product top 21%Moat top 23%Funding top 25%Innovation top 39% All 11 signals ▾Producttop 21% Moattop 23% Fundingtop 25% Innovationtop 39% Techtop 39% Growthtop 42% Markettop 45% Fin. healthbottom 49% Talentbottom 49% Globalbottom 39% Newsbottom 21% Product: 12 distinct product lines · Company stage: Series D Moat: Top 9% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 60/100 | $18M FY2024 | $83M | +27% | 73 | Ramaswamy Iyer Founder & CEO | — | — |
| 17 | BranchX AI-powered neo-banking platform | $14M FY2025 | $3M | +32% | 1 | Rajesh Johnny Co-Founder & CEO | — | 2 launchs |
| 18 | Jupiter Online platform offering a suite of financial services 72Tech top 12%News top 18%Customers top 20%Moat top 24% All 12 signals ▾Techtop 12% Newstop 18% Customerstop 20% Moattop 24% Fundingtop 25% Partnerstop 26% Markettop 35% Growthtop 37% Producttop 46% Talentbottom 49% Globalbottom 39% Fin. healthbottom 37% Tech: 59 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services News: 7 BI events in 12 mo (of 16 tracked, 5 types) · +600% YoY rank vs industry peers · Fliar Intelligence Index 72/100 | $11M FY2025 | $167M | +13% | 415 | Vishnu Jerome Co-Founder | +31% | — |
| 19 | FinQY Provider of a technology platform for financial product distribution 55Talent top 28%Moat top 32%Fin. health top 37%Market top 43% All 10 signals ▾Talenttop 28% Moattop 32% Fin. healthtop 37% Markettop 43% Growthtop 46% Fundingtop 48% Techbottom 40% Productbottom 40% Globalbottom 37% Newsbottom 18% Talent: 4 named leaders on record · 4 C-suite/founder profiles curated Moat: Top 13% by revenue among 363 tracked Banking Tech companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 55/100 | $10M FY2025 | $3M | +57% | 107 | Puneet Lamba Co-Founder & CSO | — | 3 job openings · 1 internship |
| 20 | Rubix Data Sciences Provider of risk assessment, credit decisioning, and debt collection management solutions | $5M FY2025 | $3M | +60% | 116 116 → 201 (+73%) · sector median +37% | Mohan Ramaswamy Co-Founder & CEO | — | 2 launchs |
| 21 | Trust Systems & S/w Software solutions and service provider | $4M FY2025 | $654K | +1% | 185 | — | — | — |
| 22 | Finhaat Provider of a B2B platform for financial product distribution | $4M FY2025 | $4M | +30% | 25 | Navneet Shrivastava Co-Founder | — | — |
| 23 | Kudos Finance and Investments API-based loan management solution for banks and credit institutions 19Moat top 30%Talent bottom 49%Tech bottom 45%Market bottom 40% All 8 signals ▾Moattop 30% Talentbottom 49% Techbottom 45% Marketbottom 40% Globalbottom 37% Growthbottom 36% Fin. healthbottom 36% Fundingbottom 31% Moat: Top 20% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 5/10 Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 19/100 | $4M FY2021 | $1M | -22% | 51 | Pradeep Walvekar Co-Founder | — | — |
| 24 | 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 | +4% | 291 291 → 352 (+21%) · sector median +37% | Parthesh Shah Co-Founder & CBO | — | — |
| 25 | WonderLend Hubs Provider of incentive compensation management and lending technology platforms software | $4M FY2025 | $2M | +24% | 12 | Rajesh Iyer Co-Founder & CEO | — | 1 job opening · 1 launch |
| 26 | Arya.ai Provider of AI-powered platforms and APIs for financial services | $3M FY2025 | $2M | +29% | 52 52 → 85 (+63%) · sector median +37% | Deekshith Marla Co-Founder | — | — |
| 27 | CreditMate Collection platform | $2M FY2025 | $3M | +12% | 3 | — | — | — |
| 28 | AdvaRisk Provider of platform for real estate collateral management and risk assessment | $1M FY2025 | $8M | +7% | 118 118 → 241 (+104%) · sector median +37% | Rahul Metkar Co-Founder & Director | — | — |
| 29 | Tijoree Provider of an internet-first bank offering digital banking services for businesses | $1M FY2025 | $2M | +2601% | — | Harsh Meswani Co-Founder | — | — |
| 30 | Suvidhaa Operator of tech-enabled retail outlets providing financial and other services | $1M FY2025 | $38M | +3% | 17 | Paresh Rajde Founder | — | — |
| 31 | Finvu Online platform that enables secure sharing of data between financial institutions 53Growth top 27%Tech top 32%Innovation top 36%Talent top 38% All 11 signals ▾Growthtop 27% Techtop 32% Innovationtop 36% Talenttop 38% Moattop 45% Producttop 49% Fundingbottom 46% Fin. healthbottom 40% Marketbottom 33% Globalbottom 32% Newsbottom 22% Growth: Revenue +40% YoY · Web rank 1,000,000 → 500,000 YoY Tech: 38 technologies across 5/8 capability areas · Cloud: Azure, Google Cloud rank vs industry peers · Fliar Intelligence Index 53/100 | $1M FY2025 | $2M | +40% | 17 17 → 34 (+100%) · sector median +37% | Munish Bhatia Co-Founder | — | — |
| 32 | i-XL Technologies Loan life cycle management software for lenders & financial institutions | $1M FY2025 | $299K | +36% | 72 | — | — | — |
| 33 | Finarkein Analytics Provider of technology for account aggregation and financial data management 37Talent top 28%Growth top 31%Moat top 47%Funding top 48% All 9 signals ▾Talenttop 28% Growthtop 31% Moattop 47% Fundingtop 48% Techtop 48% Globalbottom 37% Marketbottom 30% Fin. healthbottom 28% Newsbottom 18% Talent: 4 named leaders on record · 4 C-suite/founder profiles curated Growth: Headcount 24 → 40 (+67%) across vintages · Revenue +13% YoY rank vs industry peers · Fliar Intelligence Index 37/100 | $868K FY2025 | $6M | +13% | 40 | Dheeraj Kumar Co-Founder & CTO | — | 1 launch |
| 34 | VegaPay Provider of technology to build and launch banking and credit products | $514K FY2025 | $7M | +48% | 52 52 → 111 (+113%) · sector median +37% | Puneet Sharma Co-Founder | — | 7 job openings · 1 award |
| 35 | Heckyl Technologies Analytical platforms for financial market investors, traders, and researchers | $402K FY2025 | $9M | -29% | 21 | Mukund Mudras Co-Founder & CEO | — | — |
| 36 | Buildd Provider of a banking software suite for banks & financial institutions 6Moat bottom 49%Talent bottom 49%Global bottom 37%Funding bottom 33% All 7 signals ▾Moatbottom 49% Talentbottom 49% Globalbottom 37% Fundingbottom 33% Marketbottom 25% Fin. healthbottom 25% Techbottom 15% Moat: Top 55% by revenue among 363 tracked Banking Tech companies · Editorial + unicorn rating 5/10 Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 6/100 | $392K FY2024 | $3M | — | 18 | Sachin Gaikwad Founder & CEO | — | — |
| 37 | 1Silverbullet Blockchain-based open banking API solutions | $370K FY2025 | $729K | +248% | 67 67 → 69 (+3%) · sector median +37% | Amreesh Kher Co-Founder & CEO | — | 1 launch |
| 38 | Thelightbulb Provider of AI tools for market research and consumer insights 72Growth top 20%Innovation top 25%Tech top 28%Talent top 28% All 11 signals ▾Growthtop 20% Innovationtop 25% Techtop 28% Talenttop 28% AItop 30% Moattop 33% Fundingtop 45% Producttop 45% Globalbottom 43% Fin. healthbottom 38% Marketbottom 32% Growth: Revenue +68% YoY · Web rank 10,000,000 → 5,000,000 YoY Innovation: 9 product lines · Deep-tech classification: Artificial Intelligence rank vs industry peers · Fliar Intelligence Index 72/100 | $187K FY2025 | $2M | +68% | 20 20 → 26 (+30%) · sector median +37% | Ritu Soni Srivastava Co-founder & CEO | — | 1 launch |
| 39 | LXME Internet first bank ofeering retail banking solutions for women | $101K FY2025 | $1M | +50% | 34 34 → 67 (+97%) · sector median +37% | Priti Gupta Co-Founder | — | — |
| 40 | Vance Internet first bank offering international banking solutions for NRI | $80K FY2023 | $6M | — | 32 | Parth Garg Co-Founder & CEO | — | — |
| 41 | Gravity Gravity Provider of Hyper-Personalization Banking Platforms | $49K FY2025 | $1M | +986% | 13 | Satish Krishnaswamy Co-Founder & CEO | — | — |
| 42 | Optimoney Technologies Simplified banking solutions for banks of Bharat | $43K FY2025 | $670K | +1828% | — | Mihir Mehta Co-Founder & CEO | — | — |
| 43 | PocketATM Provider of banking APIs, soundbox solutions, and merchant application services | $43K FY2025 | $400K | +1828% | — | Sushil Kurri Co-Founder & CTO | — | — |
| 44 | EarnWealth It offers lending, wealth management, technology, and FMCG solutions 7Talent bottom 49%Moat bottom 45%Product bottom 40%Tech bottom 39% All 10 signals ▾Talentbottom 49% Moatbottom 45% Productbottom 40% Techbottom 39% Marketbottom 35% Globalbottom 30% Fundingbottom 28% Growthbottom 24% Newsbottom 22% Fin. healthbottom 11% Talent: 1 named leader on record · 1 C-suite/founder profile curated Moat: Top 72% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 6/10 rank vs industry peers · Fliar Intelligence Index 7/100 | $39K FY2025 | $1M | -80% | 1,018 | Rajesh Nair Founder & CEO | — | — |
| 45 | Boson Systems White-labeled digital payment platform | $38K FY2025 | $4M | -4% | 32 | Ravi Rajagopalan Founder & CEO | — | — |
| 46 | Digital India Payments Provider of digital payment and financial transaction services | $9K FY2025 | $3M | +1116% | 10 | — | — | — |
| 47 | Nurturev AI powered customer intelligence and retention platform 11Talent top 38%AI top 45%Growth bottom 45%Global bottom 37% All 9 signals ▾Talenttop 38% AItop 45% Growthbottom 45% Globalbottom 37% Moatbottom 33% Fundingbottom 32% Techbottom 29% Fin. healthbottom 20% Marketbottom 16% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated AI: Product described with: ai powered rank vs industry peers · Fliar Intelligence Index 11/100 | $2K FY2025 | $1M | +8% | — | Nikhil Ojha Co-Founder | — | — |
| 48 | Finfactor APIs and an open finance ecosystem for financial institutions 29Funding top 37%Talent top 38%Moat top 40%Tech top 47% All 7 signals ▾Fundingtop 37% Talenttop 38% Moattop 40% Techtop 47% Globalbottom 45% Marketbottom 39% Fin. healthbottom 21% Funding: Raised $20.9M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 29/100 | — | $21M | — | — | Manoj Alandkar Co-Founder | — | — |
| 49 | Kiya.ai Provider of digital solutions for financial institutions and government organizations | — | $25M | — | 1,539 1,539 → 1,155 (-25%) · sector median +37% | Maninder Singh Co-Founder | — | — |
| 50 | Impactsure Provider of AI development and data analytics services | — | $1M | — | 53 | Ashish Jha Co-Founder & COO | — | 1 award |
Top 12 Banking Tech companies in Maharashtra
#1
Series F · Mumbai, Maharashtra · founded 2011 · 536 employees$58.8Mraised▾
Series F · Mumbai, Maharashtra · founded 2011 · 536 employees
Provider of a platform for identity verification and risk management. The platform offers tools for customer and workforce governance throughout their lifecycle. It focuses on frictionless onboarding, verifiable identities, and faster revenue generation. The platform aims to reduce onboarding friction, prevent fraud, and accelerate time-to-revenue. It helps detect and mitigate risk in real time, reducing financial and operational losses. The platform also transforms compliance into a growth engine through centralized automation.
Fliar Intelligence Index™ 83how this company ranks against its industry peers
Tech
top 18%Moat
top 20%Talent
top 23%Funding
top 24%Growth
top 31%Market
top 32%Tech: 74 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Devops: Envoy
Moat: Top 1% by revenue among 135 tracked GRC Software companies · Editorial + unicorn rating 8/10 · Soonicorn
Talent: 6 named leaders on record · 5 C-suite/founder profiles curated
Audience (LinkedIn): 114k LinkedIn followers — 8.4% of this cohort's audience
Funding rounds
- Feb 2026Series F$24.3M
- May 2024Series E$10.8M
- Mar 2024Series E$6.6M
- Sep 2021Series D$12.5M
Founders & team
Investors
Blume Venture, Trifecta Capital, New Enterprise Associates, Dream Incubator, Nava Limited, IndiaMART
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAutoptimizeCdnjsCloudflare
#2
Series C · Mumbai, Maharashtra · founded 2019 · 415 employees$167.2Mraised▾
Series C · Mumbai, Maharashtra · founded 2019 · 415 employees
Online platform offering a suite of financial services. It offers a range of services, including banking, credit cards, lending, and investments. It allows users to manage all aspects of their money in one place.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Tech
top 12%News
top 18%Customers
top 20%Moat
top 24%Funding
top 25%Partners
top 26%Tech: 59 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services · Devops: Envoy, Nginx
News: 7 BI events in 12 mo (of 16 tracked, 5 types) · +600% YoY · 4 high-value events (IPO/M&A/funding/contracts) in 12 mo
Customers: Play-Store rating 4.31★ across 607,214 ratings (1 apps) · Review volume +9% in 6 mo · Marquee-customer mentions: top 13% of tracked companies
Audience (LinkedIn): 236k LinkedIn followers — 17.4% of this cohort's audience
Funding rounds
- Oct 2025Series C$15M
- Jun 2024Series C$21.6M
- Mar 2023Series C$849.2K
- Dec 2022Venture Debt$12.1M
Founders & team
Investors
Hummingbird Ventures, Bedrock, PICO Partners, Patni Financial Advisors, 3one4 Capital, Greyhound Capital
Tech stack
Amazon CloudfrontAmazon Web ServicesApolloAws Certificate ManagerCloudflareCloudflare Bot Management
#3
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 — 2.7% of this cohort's audience · 111 engagements/post (2.7× 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
#4
Series D · Pune, Maharashtra · founded 2009 · 73 employees$82.7Mraised▾
Series D · Pune, Maharashtra · founded 2009 · 73 employees
Provider of a platform facilitating trade credit and supply chain finance. The platform digitally authenticates transactions between buyers and sellers. This allows financial institutions to provide lending with reduced risk. It creates credit programs for companies at every level of the supply chain. The platform offers risk assessment, compliance, and B2B payment solutions.
Fliar Intelligence Index™ 60how this company ranks against its industry peers
Product
top 21%Moat
top 23%Funding
top 25%Innovation
top 39%Tech
top 39%Growth
top 42%Product: 12 distinct product lines · Company stage: Series D
Moat: Top 9% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $82.7M across 9 rounds · 9 rounds over 9 yrs (1.0/yr) · Last round Series D (Jun 2025)
Audience (LinkedIn): 14k LinkedIn followers
Funding rounds
- Jun 2025Series D$2.7M
- Jul 2024Series D$20.5M
- Mar 2023Series C$739.1K
- Mar 2023Series C$6.6M
Founders & team
Investors
Chiratae Ventures, Jungle Ventures, IDG Ventures, Trifecta Capital, IFC, PayU
Tech stack
Amazon CloudfrontAmazon S3Amazon SesAmazon Web ServicesCloudflareCloudflare Bot Management
#5
Series D · Mumbai, Maharashtra · founded 2011 · 783 employees$147.3Mraised▾
Series D · Mumbai, Maharashtra · founded 2011 · 783 employees
Digital credit platform providing financial solutions to underserved small- and micro- retailers. It is a provider of a digital banking platform for financial appliacations. It provides users with a company that specializes in providing collateral-free business loans to Micro, Small, and Medium Enterprises (MSMEs). It offers technology and digital payment data to offer tailored financial solutions to retailers, restaurants, pharmacies, apparel shops, and other small businesses.
Fliar Intelligence Index™ 67how this company ranks against its industry peers
Moat
top 20%Funding
top 23%Fin. health
top 31%Market
top 33%Tech
top 34%Product
top 34%Moat: Top 2% by revenue among 363 tracked Banking Tech companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $147M across 15 rounds · 15 rounds over 13 yrs (1.2/yr) · Last round Conventional Debt (Nov 2024)
Fin. health: Revenue ~$88.8M (FY2021) · Net margin 0.6% · Revenue +25% YoY
Audience (LinkedIn): 34k LinkedIn followers — 2.5% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Sales, Credit
Funding rounds
- Nov 2024Conventional Debt$5M
- Jul 2024Conventional Debt$11.2M
- Jan 2023Venture Debt$10M
- Dec 2022Series D$36.4M
Investors
LeapFrog Investments, Accion, Omidyar Network, Quona, Blue Earth Capital, Lightrock India
Tech stack
Amazon CloudfrontAmazon ElbAmazon S3Amazon Web ServicesAws Certificate ManagerCdnjs
#6
Series A · Pune, Maharashtra · founded 2019$20.9Mraised▾
Series A · Pune, Maharashtra · founded 2019
APIs and an open finance ecosystem for financial institutions. It provides a scalable FIU gateway solution with multi-AA connectivity. It also provides solutions for personal finance management, wealth management, insider trading monitoring, loan collection monitoring, and credit underwriting to accelerate accurate financial decisions and customer experience enhancement. It offers an automated FIU gateway solution offering multi-AA connectivity, real-time dashboards, and automated workflow management.
Fliar Intelligence Index™ 29how this company ranks against its industry peers
Funding
top 37%Talent
top 38%Moat
top 40%Tech
top 47%Global
bottom 45%Market
bottom 39%Funding: Raised $20.9M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) · Last round Series A (Sep 2025)
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Moat: Top 34% by revenue among 1429 tracked Investment Tech companies · 9 curated direct competitors tracked
Funding rounds
- Sep 2025Series A$15M
- Jun 2024Series A$3.4M
- Jul 2022Seed$2.5M
Founders & team
Investors
WestBridge Capital LLP, VCAPL, DMI Sparkle Fund, IIFL Fintech Fund, Konark Trust, MMPL Trust
Tech stack
CdnjsCloudflareExpressFirebaseGodaddyGoogle Cloud
#7
Series B · Mumbai, Maharashtra · founded 2017 · 247 employees$60Mraised▾
Series B · Mumbai, Maharashtra · founded 2017 · 247 employees
Provider of working capital solutions and supply chain finance programs. The company offers platforms for early payments, receivables financing, and digital KYC. It facilitates trade financing, loan origination, and embedded finance solutions. The business provides programs for enterprises, financial institutions, and small to medium sized businesses.
Fliar Intelligence Index™ 74how this company ranks against its industry peers
Moat
top 20%Talent
top 22%Funding
top 31%Fin. health
top 32%Tech
top 35%Market
top 36%Moat: Top 1% by revenue among 189 tracked SCM Software companies · Editorial + unicorn rating 8/10 · Soonicorn
Talent: Analyst team rating 5/5 · 4 named leaders on record · 4 C-suite/founder profiles curated
Funding: Raised $60.0M across 9 rounds · 9 rounds over 9 yrs (1.0/yr) · Last round Series B (Mar 2025)
Audience (LinkedIn): 73k LinkedIn followers — 5.4% of this cohort's audience
Activity (LinkedIn): 1 product launches · 2 awards announced in 12 mo
Funding rounds
- Mar 2025Series B$4.1M
- Jun 2024Conventional Debt$3.6M
- Nov 2023Series B$10M
- Aug 2022Series B$9M
Founders & team
Investors
Equentia Natural Resources, Maharashtra State Innovation Society, Alpha Capital, Aarin Capital, SLK Software, Adventz
Tech stack
AddtoanyAddtoany Share ButtonsAkismetAnimate.CssAnime.JsApache Http Server
#8
Acquired · Mumbai, Maharashtra · founded 2008 · 1330 employees$10.1Mraised▾
Acquired · Mumbai, Maharashtra · founded 2008 · 1330 employees
Provider of digital payment platform, retail, transaction banking, and other solutions. The company delivers central infrastructure, reconciliation, and settlement options. It offers services to merchants and third-party application providers. The business provides solutions for retail payments, transaction banking, and government sectors.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Fin. health
top 22%Moat
top 23%Growth
top 29%Market
top 34%Talent
top 38%Funding
top 43%Fin. health: Revenue ~$42.0M (FY2024) · Net margin 6.7% · Revenue +41% YoY
Moat: Top 5% by revenue among 743 tracked Payments companies · Editorial + unicorn rating 7/10 · 10 curated direct competitors tracked
Growth: Headcount 1,031 → 1,330 (+29%) across vintages · Revenue +41% YoY · Fresh capital in last 24 mo
Funding rounds
- Mar 2025Series A—
- Jun 2019Series A$10.2M
Founders & team
Investors
ACI Worldwide, PayU
Tech stack
ElementorHstsMysqlNginxOpen GraphPhp
#9
Seed · Pune, Maharashtra · founded 2019 · 40 employees$5.8Mraised▾
Seed · Pune, Maharashtra · founded 2019 · 40 employees
Provider of technology for account aggregation and financial data management. The company offers solutions for lending, insurance, and wealth management. It facilitates data-driven insights and orchestration across multiple accounts. The technology aims to streamline processes related to user consent, underwriting, and customer engagement.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Talent
top 28%Growth
top 31%Moat
top 47%Funding
top 48%Tech
top 48%Global
bottom 37%Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
Growth: Headcount 24 → 40 (+67%) across vintages · Revenue +13% YoY · Fresh capital in last 24 mo
Moat: Top 46% by revenue among 363 tracked Banking Tech companies · Editorial + unicorn rating 4/10 · 10 curated direct competitors tracked
Audience (LinkedIn): 7k LinkedIn followers
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
- Feb 2025Seed$4.6M
- Aug 2024Seed$4.8M
- Feb 2022Seed$1M
Founders & team
Investors
Prophetic Ventures, Eximius Ventures, Info Edge Ventures, RedStart Labs, Spice Route Accelerator, Angel List
Tech stack
Apple Icloud MailCloudflareFramer SitesGoogle AnalyticsGoogle WorkspaceHsts
#10
Seed · Mumbai, Maharashtra · founded 2020 · 1 employees$2.6Mraised▾
Seed · Mumbai, Maharashtra · founded 2020 · 1 employees
AI-powered neo-banking platform. It is a platform that serves migrant families by offering virtual wallets, microloans, bill payments, money transfers, and transaction tracking via its mobile app.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers
Activity: 6 product launches announced in 12 mo
Funding rounds
- Apr 2025Seed$1.2M
- Mar 2025Seed$102.9K
- Apr 2024Angel$203.2K
- Apr 2023Seed$1.3M
Founders & team
Investors
GSF, Motlekar Astral Serivces And Transformation, Uma Chaturvedi Holding
Tech stack
Amazon SesAmazon Web ServicesAnimate.CssAosApache Http ServerAws Certificate Manager
#11
Series A · Mumbai, Maharashtra · founded 2021 · 25 employees$3.6Mraised▾
Series A · Mumbai, Maharashtra · founded 2021 · 25 employees
Provider of a B2B platform for financial product distribution. This platform facilitates the distribution and servicing of insurance, wealth management, and financial software-as-a-service (SaaS) products. It offers an assisted digital platform with APIs for institutional partners, and user-friendly tools for individual financial partners, enabling real-time quotes, digital issuance, and claims management. The platform aims to simplify access to financial services for underserved populations. It provides customizable modules that integrate with existing CRM systems.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 4k LinkedIn followers
Funding rounds
- Jan 2025Series A$3M
- Dec 2023Seed$3M
- Jan 2023Seed$421.9K
- Apr 2022Angel$222.8K
Founders & team
Investors
Omnivore, Kettleborough VC, Finwisdom
Tech stack
Amazon AlbAmazon Web ServicesApache Http ServerBootstrapCart FunctionalityCdnjs
#12
Seed · Mumbai, Maharashtra · founded 2007 · 966 employees$2.7Mraised▾
Seed · Mumbai, Maharashtra · founded 2007 · 966 employees
Provider of digital financial services and retail solutions via agent network. It enables retailers to offer services like money transfer, bill payments, recharges, insurance, travel booking, and e-commerce access. The company facilitates kiosk banking and micro ATM/AEPS services, providing cash withdrawal options. It focuses on expanding service offerings to increase retailer income and enhance customer convenience.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 15k LinkedIn followers
Hiring: 2 hiring posts in 12 mo (public) · momentum +2 · hiring: Recruiter, HR Generalist
Activity: 1 awards announced in 12 mo
Funding rounds
- Jan 2025Seed$4M
- Dec 2016Seed$261.3K
- Feb 2016Seed$789.9K
- Mar 2014Seed$2.2M
Founders & team
Investors
Shriambepunjinivesh, Bimpsun Investment, Yanik Investment, Vee Vee En Sons Exports, Fernsgroup, Win Win Security
Tech stack
BootstrapCloudflareGoogle AnalyticsGoogle Tag ManagerGoogle WorkspaceHsts
Funding & investor landscape
$1.1Btotal disclosed funding
71companies funded
234disclosed rounds
0rounds last 90 days
Most active investors
Notable founders
Kaushik Shah
Co-Founder · Idfy
Wriju Ray
Co-Founder & CBO · Idfy
Vishnu Jerome
Co-Founder · Jupiter
Parthesh Shah
Co-Founder & CBO · Knight FinTech
Kushal Rastogi
Co-Founder & CEO & CTO · Knight FinTech
Ramaswamy Iyer
Founder & CEO · Vayana
Manoj Alandkar
Co-Founder · Finfactor
Munish Bhatia
Co-Founder · Finfactor
Ram Kewalramani
Co-Founder & MD · CredAble
Rajiv Ramnarayan
Co-Founder · CredAble
Guhan Muthusamy
Co-Founder · Mindgate
George Sam
Co-Founder & Business Head · Mindgate
Prism market signals · India · country-scoped Prism corpus, 326,557 docs
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
RESEARCH SIGNALS · India
How research on Fintech is moving in India
A read on the academic research around Fintech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 1,335 India-affiliated papers.
research sentiment over time
201920232026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and softening — the enthusiastic (strongly-positive) share moved 51% → 44% across 2019–2026.
top research entities
- G.S. Science, Arts And Commerce College118
- Jain University37
- Amity University37
- Symbiosis International University34
- Mangalore University29
leading researchers
Sachin Shankar Jadhav · Divya Soni · Sakshi Thite · Kare, Dipak Nivrutti · Zagade, Sunil · Dr. Rashmi Akshay Yadav · Archana Digvijay Suryavanshi · Abhishek Prajapat
▲
Breakthroughs94 · 7%
▲ 0%→7% share
0 median citations94% since 2021mostly methods-led
Blockchain research surged 1→5 papers as Indian institutions newly tackle database transaction scalability in fintech.
rising sub-themes (early→recent)
- Database transaction1→12
- Blockchain1→5
Newly emergingFinancial services 0→35 · Scalability 0→11 · Financial inclusion 0→11
Landmark Eagle Strategy Arithmetic Optimisation Algorithm with Optimal Deep Convolutional Forest Based FinTech Application for Hy · 32 cites
◆
Advancements433 · 32%
▲ 0%→33% share
0 median citations97% since 2021mostly empirical
Mobile payment and mobile banking research newly emerged, while Financial services papers exploded 2→223.
rising sub-themes (early→recent)
- Financial services2→223
- Financial inclusion3→150
- Financial literacy2→58
- Government (linguistics)1→43
- Sustainability2→30
Newly emergingPayment 0→83 · Mobile payment 0→52 · Mobile banking 0→46
Landmark The Impact of Fintech and Digital Financial Services on Financial Inclusion in India · 153 cites
▼
Concerns494 · 37%
▲ 0%→36% share
0 median citations93% since 2021mostly empirical
Financial services risk papers surged 1→264; digital transformation and financial literacy concerns newly entered Indian fintech research.
rising sub-themes (early→recent)
- Financial services1→264
- Financial inclusion2→138
- Payment1→95
- Mobile payment1→41
- Database transaction1→37
Newly emergingGovernment (linguistics) 0→59 · Financial literacy 0→50 · Digital transformation 0→36
Landmark Financial technology: a review of extant literature · 176 cites
RESEARCH HOTSPOTS · India
Where fintech is researched across India
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Delhi-NCR77 · +0.03
Pune49 · +0.21
Chennai25 · +0.41
Bengaluru16 · +0.24
Hyderabad13 · +0.14
Ahmedabad6 · +0.35
Kolkata5 · +0.36
PATENT SIGNAL · India
Who's filing fintech patents in India
India fintech patent filing is steady — 1 filings from 8 assignees (2022–2022), led by Geeky Technology And Consulting, Polaris Financial Technology, DR Mariappan RAJA; annual filings 1→1.
1 filings8 assigneespeak 1/yr2022–2022
filing momentum (YoY 2022–2022)
top patent filers
- Geeky Technology And Consulting2
- Polaris Financial Technology2
- DR Mariappan RAJA1
- Sakthivel Santhoshkumar1
- Dhamotharan Dhanasekar1
- DR Murugesan Selvam1
- Muhammed Basid Amnas1
- DR Balasundram Maniam1
Common questions
How many Banking Tech companies are there in Maharashtra, India?
Radar tracks 235 indexable Banking Tech companies headquartered in Maharashtra, India, India, that meet our profile-completeness bar.
What is the total funding raised by Banking Tech companies in Maharashtra, India?
The Banking Tech companies in Maharashtra, India on this list have raised a combined $1.1B in disclosed equity funding across 71 funded companies.
Which is the highest-funded Banking Tech company in Maharashtra, India?
Fino Paytech is the highest-funded Banking Tech company in Maharashtra, India, with $176.5M in disclosed equity funding.
How many Banking Tech companies in Maharashtra, India are funded?
71 of the 235 Banking Tech companies in Maharashtra, India on this list have disclosed at least one equity funding round.
How many Banking Tech unicorns are there in Maharashtra, India?
None of the Banking Tech companies in Maharashtra, India on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Maharashtra, India Banking Tech companies?
The most active investors in Maharashtra, India Banking Tech companies on this list include IIFL Finance, SINE, WestBridge Capital, ICICI Bank, MUFG.
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.