Company lists
The Maharashtra edition · 2026

Banking techcompanies in Maharashtra

Banking software, regtech & compliance, payments, lending tech, insurance tech and more: the companies building banking tech in Maharashtra, with their founders, funding, team size and business models.

241 company profiles126 with reported revenue53 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent banking tech business events in Maharashtra

Funding, M&A, contract wins and launches involving 316 banking tech companies in Maharashtra, last 24 months: 19 Contracts · 18 launches · 16 M&A deals · 7 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

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
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
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
FundingSeries D

Arya

With farmers facing greater climate‑related threats to their livelihoods, the company is expanding its services with funding from climate‑focused GEF Capital Partners, a spinout from the…

Agtech
M&AAcquisition · Announced

RUGR acquires Saraswat infotech

RUGR, a phenomenon in digital banking, has now acquired Saraswat Infotech Private Limited (SIPL), a leading BFSI technology leader for 25 years.

BFSI Technology
LaunchSureMatch

Impactsure technologies

Impactsure Technologies, a leading global provider of AI-driven solutions for banking and financial services, today announced the launch of SureMatch, its next-generation Agentic AI…

Agentic AI platform for Global Trade
M&AAcquisition · Announced

Payu acquires Mindgate

PayU, the payments and FinTech arm of Prosus, has increased its stake in Mindgate, an innovator in real-time payments technology, moving from a minority position to a majority…

Payments Technology
LaunchCIBIL Ki Kahaniyan

Transunion cibil

Partners with Amar Chitra Katha to launch a special edition, 'CIBIL Ki Kahaniyan' ('Stories of CIBIL'), using Tinkle's iconic character Suppandi to explain credit concepts in a fun,…

Comic book
M&AAcquisition · Terminated

Ecr minerals acquires Maximus

In March, ECR said it would buy Maximus for £500,000.

M&AAcquisition · Announced

Payu acquires Mindgate

Additionally, the deal includes PayU acquiring a 43.5% stake in Mindgate. However, the majority of ownership is set to remain with Mindgate's founders.

Payments
FundingWarrant conversion

Niyogin Fintech

Niyogin Fintech Limited is pleased to announce the successful conversion of its warrants, raising Rs. 56.2 crores. Following the approval of the Board of Directors 1,64,40,011 equity…

Investors Mk ventures, Aionios Alpha Investment Management, Ashika group
LaunchDynamic PoPs

Arya

Aryaka has added dynamic PoPs to meet customers’ connectivity and regulatory compliance needs.

Network Infrastructure
LaunchFinhaat Wealth

Finhaat

Finhaat, the fast-growing financial product delivery platform, has now rolled out a tech-driven platform called Finhaat Wealth designed to bring wealth management for distributors and…

Wealth Management Platform
M&AAcquisition

Niyogin Fintech acquires Iserveu

Niyogin has also made strides through past acquisitions like Moneyfront, a wealth platform, and iServeU, a subsidiary providing banking-as-a-service solutions to banks, fintechs, and…

Banking-as-a-service solutions
M&AAcquisition · Announced

Fis acquires Dragonfly financial technologies

One Equity Partners has sold Dragonfly Financial Technologies, a digital banking and cash management company, to FIS.

Digital banking and cash management

Banking tech companies in Maharashtra, by revenue

Browse banking tech companies in Maharashtra 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 126 banking tech companies in Maharashtra 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 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

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

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 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

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 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

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

Digital platform providing range of payment and digital banking services

Banking tech
₹310.12 crFY 2024-25
-17%2024–2025
1,490-16% 12 mo to Jul 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Sep 2022

Treasury and wealth management solutions

Banking tech
US$31.33mFY 2023-24
+18%2023–2024
485LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Agent-based platform offering correspondent banking solutions

Payments
₹259.03 crFY 2024-25
+21%2024–2025
78-9% 12 mo to Mar 2024recorded Mar 2024
36 yr1990
0none in 3 months

Credit rating and research agency offering financial data

Alternative lending
₹233.18 crFY 2024-25
+10%2024–2025
273+3% 12 mo to Sep 2024recorded Sep 2024
31 yr1995
0none in 3 months

Provider of cloud-based digital lending software and solutions for financial institutions

Banking tech
₹217.40 crFY 2024-25
Not reported
760-28% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Oct 2022

Provider of end-to-end platform for banking and payment technology solutions

Banking tech
₹215.15 crFY 2024-25
+31%2024–2025
879+30% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Provider of digital financial services and retail solutions via agent network

Banking tech
₹201.94 crFY 2024-25
+32%2024–2025
623+94% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months · last posted Jun 2026

Provider of a platform for identity verification and risk management

Grc software
₹191.02 crFY 2024-25
+30%2024–2025
917+21% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
15postings · last posted Aug 2026

Provider of digital payment solutions for banks, fintechs, and merchants

Grc software
₹180.62 crFY 2024-25
+39%2024–2025
293-45% 12 mo to Aug 2024recorded Aug 2024
13 yr2013
0none in 3 months

Provider of financial services to the underbanked via online platform

Payments
₹157.98 crFY 2024-25
+32%2024–2025
175+22% 12 mo to Sep 2024recorded Sep 2024
7 yr2019
0none in 3 months

Provider of a platform facilitating trade credit and supply chain finance

Alternative lending
₹153.07 crFY 2023-24
+27%2023–2024
222LinkedIn · Jul 2026
17 yr2009
0none in 3 months · last posted Apr 2021

Provider of regulatory technology and compliance software solutions

Regtech
₹128.51 crFY 2024-25
+25%2024–2025
769+24% 12 mo to Feb 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Provider of payment gateway solutions, transaction processing, and data security

Banking tech
₹121.02 crFY 2024-25
+10%2024–2025
465+3% 12 mo to Sep 2024recorded Sep 2024
18 yr2008
0none in 3 months

AI-powered neo-banking platform

Banking tech
₹115.15 crFY 2024-25
+32%2024–2025
96-99% 12 mo to Aug 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months
50 of 241 companies shown here · the full list is on Radar
Fliar Radar

Explore all 241 banking tech companies in Maharashtra on Radar

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

Open banking tech in Maharashtra on Radar
  • Every company, not just 50All 241 banking tech companies in Maharashtra, 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.
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Explore banking tech companies in Maharashtra by what you are looking for

Browse the top banking tech companies in Maharashtra, from core banking software providers to regtech and payments firms. You can also find banking tech startups in Maharashtra and banking software companies hiring now.

9 ways to explore banking tech in Maharashtra

Banking software & core banking providersRegtech, KYC & compliance software companiesPayments & digital banking companiesLending, credit scoring & loan software companiesInsurance & BFSI sales technology companiesFraud detection & cybersecurity companies

Banking software & core banking providers

Companies that build core banking platforms and software suites for banks.

  1. Fino Paytech

    Provider of technology solutions and services for banking and financial sectors

    Banking tech
    See in list
  2. Aurionpro

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

    Banking tech
    See in list
  3. NSDL Payments Bank

    Platform offering digital banking solutions for consumers

    Payments
    See in list
  4. C-Edge Technologies

    Technology, Infrastructure and service provider for financial institutions

    Banking tech
    See in list
  5. IFTAS

    Provider of IT services for banking and financial institutions

    Banking tech
    See in list

Regtech, KYC & compliance software companies

Providers of compliance, identity verification and risk management tools for financial firms.

  1. Idfy

    Provider of a platform for identity verification and risk management

    Grc software
    See in list
  2. IRIS

    Provider of regulatory technology and compliance software solutions

    Regtech
    See in list
  3. Zoop

    Identity verification platform

    Regtech
    See in list
  4. Rubix Data Sciences

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

    Banking tech
    See in list
  5. Celusion

    Compliance solutions for digital financial businesses

    Sales force automation
    See in list

Payments & digital banking companies

Firms offering digital payments, agent banking and ATM services.

  1. Fino Paytech

    Provider of technology solutions and services for banking and financial sectors

    Banking tech
    See in list
  2. NSDL Payments Bank

    Platform offering digital banking solutions for consumers

    Payments
    See in list
  3. Electronic Payment and Services

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

    Payments
    See in list
  4. PayNearby

    Digital platform providing range of payment and digital banking services

    Banking tech
    See in list
  5. Vakrangee

    Agent-based platform offering correspondent banking solutions

    Payments
    See in list

Lending, credit scoring & loan software companies

Companies providing loan management software, credit data and digital lending.

  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. CredAble

    Provider of working capital solutions and supply chain finance programs

    Scm software
    See in list
  4. India Ratings and Research

    Credit rating and research agency offering financial data

    Alternative lending
    See in list
  5. Lentra

    Provider of cloud-based digital lending software and solutions for financial institutions

    Banking tech
    See in list

Insurance & BFSI sales technology companies

Software for insurers, brokers and BFSI sales and customer engagement.

  1. AccelTree

    Provider of proprietary digital platform for banking and insurance sector

    Insurance it
    See in list
  2. Herald Logic

    Provider of sales incentive compensation management platform and managed services

    Sales force automation
    See in list
  3. Celusion

    Compliance solutions for digital financial businesses

    Sales force automation
    See in list
  4. IorTa

    Provider of AI-powered digital solutions for BFSI sales and operations

    Insurance it
    Website
  5. BankSight

    Customer engagement platform for banks

    Insurance it
    Website

Fraud detection & cybersecurity companies

Providers of anti-fraud, identity and security tools for banks.

  1. Idfy

    Provider of a platform for identity verification and risk management

    Grc software
    See in list
  2. Zoop

    Identity verification platform

    Regtech
    See in list
  3. Ixsight Technologies

    Cloud based platform offering end to end business intelligence software

    Banking tech
    Website
  4. AdvaRisk

    Provider of platform for real estate collateral management and risk assessment

    Banking tech
    Website
  5. Drona Pay

    Cloud based financial fraud solution provider

    Security & surveillance technology
    Website

Banking tech startups in Maharashtra

Recently founded banking tech companies in Maharashtra.

  1. FYNDNA

    Provider of cloud-based digital banking solution

    Banking tech
    See in list
  2. Finhaat

    Provider of a B2B platform for financial product distribution

    Internet first insurance platforms
    See in list
  3. iDigicloud

    Provider of software product development solutions

    Banking tech
    See in list
  4. Drona Pay

    Cloud based financial fraud solution provider

    Security & surveillance technology
    Website
  5. OneConsumer

    It empowers individuals to improve their financial well-being

    Banking tech
    Website
58 companies in Maharashtra

Banking tech companies hiring in Maharashtra

Banking tech companies in Maharashtra with open roles.

  1. Aurionpro

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

    Banking tech
    See in list
  2. NeoGrowth

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

    Banking tech
    See in list
  3. C-Edge Technologies

    Technology, Infrastructure and service provider for financial institutions

    Banking tech
    See in list
  4. Experian

    Provider of credit information and analytical tools

    Banking tech
    See in list
  5. CredAble

    Provider of working capital solutions and supply chain finance programs

    Scm software
    See in list
28 companies in Maharashtra

Listed banking tech companies in Maharashtra

Publicly listed banking tech companies in Maharashtra.

  1. Aurionpro

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

    Banking tech
    See in list
  2. Vakrangee

    Agent-based platform offering correspondent banking solutions

    Payments
    See in list
  3. NPST

    Provider of digital payment solutions for banks, fintechs, and merchants

    Grc software
    See in list
  4. IRIS

    Provider of regulatory technology and compliance software solutions

    Regtech
    See in list
  5. Trust Systems & S/w

    Software solutions and service provider

    Banking tech
    See in list
8 companies in Maharashtra
Mobile reach

Top 10 banking tech apps from Maharashtra

The most-installed Android apps published by banking tech companies headquartered in Maharashtra — 38.2M installs between them. 34 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
4

Pay Point

by Pay Point India

Installs628K
Rating—
Installs, year on year+19%
Last updatedJun 2026
View on Google Play ↗
Pay Point screenshot 1Pay Point screenshot 2Pay Point screenshot 3Pay Point screenshot 4Pay Point screenshot 5Pay Point screenshot 6
5

BranchX

by BranchX

Installs297K
Rating3.4762 ratings
Last updatedApr 2025
View on Google Play ↗
BranchX screenshot 1BranchX screenshot 2BranchX screenshot 3BranchX screenshot 4BranchX screenshot 5BranchX screenshot 6
6

Apollo Cash: Personal Loan App

by Apollo Finvest

Installs121K
Rating—
Installs, year on year+500%
Last updatedJun 2026
View on Google Play ↗
Apollo Cash: Personal Loan App screenshot 1Apollo Cash: Personal Loan App screenshot 2Apollo Cash: Personal Loan App screenshot 3Apollo Cash: Personal Loan App screenshot 4Apollo Cash: Personal Loan App screenshot 5
8

NeoGrowth - Business Loans

by NeoGrowth

Installs108K
Rating—
Installs, year on year+27%
Last updatedDec 2025
View on Google Play ↗
NeoGrowth - Business Loans screenshot 1NeoGrowth - Business Loans screenshot 2NeoGrowth - Business Loans screenshot 3
9

CCB Mobile

by Maximus

Installs80K
Rating—
Last updatedMar 2026
View on Google Play ↗
CCB Mobile screenshot 1CCB Mobile screenshot 2CCB Mobile screenshot 3CCB Mobile screenshot 4CCB Mobile screenshot 5CCB Mobile screenshot 6
10

Finvu

by Finvu

Installs73K
Rating—
Last updatedMar 2026
View on Google Play ↗
Finvu screenshot 1Finvu screenshot 2Finvu screenshot 3Finvu screenshot 4
The business behind the activity

Banking tech financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 107 banking tech companies in Maharashtra for FY24-25 — 130 of the 241 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 59% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹8,507.03 cr

107 companies filing accounts

combined net profit₹1,158.72 cr

13.6% aggregate margin

are profitable60%

64 of 107 companies

median revenue~₹8.2 cr

the typical company

median revenue growth+14%

into FY24-25

earned by the top five59%

revenue concentration

Six-year view

Combined revenue of filing companies

₹4,672.75 crFY19-2082 filers
₹3,968.56 crFY20-2195 filers
₹5,675.68 crFY21-22100 filers
₹6,082.20 crFY22-23106 filers
₹8,622.01 crFY23-24117 filers
₹8,507.03 crFY24-25107 filers

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

Like-for-like

The same 91 companies over three years

+61%
FY22-23₹5,003.88 cr₹715.10 cr net
FY23-24₹6,565.40 cr₹869.61 cr net
FY24-25₹8,061.47 cr₹1,180.93 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 cr3020% profitable
₹1–10 cr2763% profitable
₹10–100 cr3476% profitable
₹100–1,000 cr1593% profitable
Over ₹1,000 cr1100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking35
0–20%25
20–50%26
50–100%7
Doubled+11

104 companies with accounts for both years; median growth +14%.

Profitability

Profit is concentrated at the top

64profitable
42loss-making
13.6%aggregate margin
1.2%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
BranchXBRANCHX INDIA LIMITED+579%₹79.99 cr
DataVisionDATAVISION SOFTWARE SOLUTIONS PRIVATE LIMITED
Rubix Data SciencesRUBIX DATA SCIENCES PRIVATE LIMITED
FinQYE-REVBAY PRIVATE LIMITED
MfinsMFINS SERVICES PRIVATE LIMITED+56%
ExperianEXPERIAN SERVICES INDIA (PRIVATE LIMITED)+50%₹531.44 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
India Ratings and ResearchINDIA RATINGS AND RESEARCH PRIVATE LIMITED35.6%₹233.18 cr
TransUnion CIBILTRANSUNION CIBIL LIMITED34.8%₹2,306.28 cr
Ixsight TechnologiesIXSIGHT TECHNOLOGIES PRIVATE LIMITED₹14.52 cr
C-Edge TechnologiesC-EDGE TECHNOLOGIES LIMITED25.3%₹606.07 cr
Trust Systems & S/wTRUST FINTECH LIMITED
NPSTNetwork People Services Technologies Limited25.1%₹180.31 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Banking tech65₹4,540.72 cr~₹8.5 cr66%5.6%
Payments10₹887.89 cr~₹25.2 cr50%-1.9%
Insurance it5₹45.73 cr~₹3.4 cr60%11.3%
Leaders

Largest banking tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
TransUnion CIBILTRANSUNION CIBIL LIMITED₹2,306.28 cr₹802.19 cr34.8%+17%
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%
Electronic Payment and ServicesELECTRONIC PAYMENT AND SERVICES PRIVATE LIMITED₹421.34 cr₹37.80 lakh0.1%-3%
PayNearbyNEARBY TECHNOLOGIES PRIVATE LIMITED₹308.27 cr₹11.17 cr3.6%-17%
India Ratings and ResearchINDIA RATINGS AND RESEARCH PRIVATE LIMITED₹233.18 cr₹83.02 cr35.6%+10%
LentraLENTRA AI PRIVATE LIMITED₹216.12 cr₹81.71 lakh0.4%+18%
SarvatraSARVATRA TECHNOLOGIES PRIVATE LIMITED₹215.15 cr₹31.03 cr14.4%+31%
Some figures are available to Radar members.Log in to Radar to see every figure

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 Maharashtra 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, Maharashtra16

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 Maharashtra

16Acquisition

Most active acquirers

  1. Experian6
  2. Aurionpro Solutions3
  3. Payu2
  4. Niyogin Fintech2
  5. RUGR1

Most acquired or merged

  1. Mindgate2
  2. AtData1
  3. Saraswat infotech1
  4. Kyc3601
  5. Infrarisk1

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

Banking tech funding in Maharashtra

53 banking tech companies in Maharashtra have recorded equity funding, US$1.09bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind banking tech companies in Maharashtra. 167 of 241 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra banking tech companies by sub-sector

The most common specialisations among banking tech companies in Maharashtra. 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