Company lists
The Mumbai edition · 2026

Banking techcompanies in Mumbai

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

161 company profiles88 with reported revenue38 with recorded fundingSeptember 2026 edition
Mumbai · 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: Na

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

ContractTechnology

Network People Services Technologies · client: Large cooperative bank

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

Payments
LaunchEVA

Experian

Experian unveiled the next evolution of the Experian Virtual Assistant, EVA, to provide near real‑time spending analysis, tailored recommendations, and relevant financial offers based on…

Virtual Assistant
ContractInfrastructure

Aurionpro · client: Na

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

Data Centre
LaunchWorld’s First Agent Studio

Razorpay

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

B2B agent marketplace and builder platform
LaunchNGAGE for Enterprises

Comviva

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

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

Supernet Technologies acquires Supernet

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

Telecommunications
M&AAcquisition · Announced

Telecard acquires Supernet Technologies

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

Telecommunications
LaunchLiteCone

Lumiq

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

AI Workforce platform
FundingSeed

Roopya

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

FinTech
M&AAcquisition · Announced

Bharti Airtel acquires Indus towers

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

Telecom Infrastructure
Funding

Stable money

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

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

Bharti Airtel

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

LaunchUnified Digital Distribution Management System

Comviva

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

Digital Distribution Management System

Banking tech companies in Mumbai, by revenue

Browse banking tech companies in Mumbai 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 88 banking tech companies in Mumbai, 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

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 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 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 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

Provider of banking and finance software solutions as a service

Payments
₹94.40 crFY 2023-24
+32%2023–2024
351-5% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of cloud-based digital banking solution

Banking tech
₹89.16 crFY 2024-25
+30%2024–2025
152+30% 12 mo to Sep 2024LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Nov 2025

Provider of a technology platform for financial product distribution

Banking tech
₹85.81 crFY 2024-25
+57%2024–2025
329-38% 12 mo to Jul 2024LinkedIn · Jul 2026
7 yr2019
3postings · last posted Jul 2026

Digital payment infrastructure solutions for businesses and institutions

Payments
₹56.67 crFY 2024-25
+9%2024–2025
260+78% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
4postings · last posted Sep 2026

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

Banking tech
₹45.28 crFY 2024-25
+60%2024–2025
201+4% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months
50 of 161 companies shown here · the full list is on Radar
Fliar Radar

Explore all 161 banking tech companies in Mumbai on Radar

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

Open banking tech in Mumbai on Radar
  • Every company, not just 50All 161 banking tech companies in Mumbai, 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 Mumbai by what you are looking for

Browse banking tech companies in Mumbai, including banking software companies, payments providers and regtech firms. You can also find banking tech startups in Mumbai and listed banking technology companies.

9 ways to explore banking tech in Mumbai

Banking software & core banking providersPayments & digital banking companiesRegtech, compliance & KYC softwareLending, credit & credit scoring technologyFraud detection & cybersecurity for banksInsurance, sales & customer engagement software

Banking software & core banking providers

Core banking platforms, loan management and digital banking software for banks.

  1. TransUnion CIBIL

    Provider of credit scores datasets

    Data as a service
    See in list
  2. Fino Paytech

    Provider of technology solutions and services for banking and financial sectors

    Banking tech
    See in list
  3. Aurionpro

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

    Banking tech
    See in list
  4. NSDL Payments Bank

    Platform offering digital banking solutions for consumers

    Payments
    See in list
  5. C-Edge Technologies

    Technology, Infrastructure and service provider for financial institutions

    Banking tech
    See in list

Payments & digital banking companies

Payment platforms, agent banking and correspondent banking providers.

  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

Regtech, compliance & KYC software

Compliance, KYC, AML and risk management software for financial institutions.

  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. Rubix Data Sciences

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

    Banking tech
    See in list
  4. Ixsight Technologies

    Cloud based platform offering end to end business intelligence software

    Banking tech
    See in list
  5. Drona Pay

    Cloud based financial fraud solution provider

    Security & surveillance technology
    See in list

Lending, credit & credit scoring technology

Credit assessment, credit data and alternative lending platforms.

  1. TransUnion CIBIL

    Provider of credit scores datasets

    Data as a service
    See in list
  2. Experian

    Provider of credit information and analytical tools

    Banking tech
    See in list
  3. 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. Knight FinTech

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

    Banking tech
    See in list

Fraud detection & cybersecurity for banks

Fraud prevention, identity verification and security software for financial services.

  1. Idfy

    Provider of a platform for identity verification and risk management

    Grc software
    See in list
  2. Ixsight Technologies

    Cloud based platform offering end to end business intelligence software

    Banking tech
    See in list
  3. AdvaRisk

    Provider of platform for real estate collateral management and risk assessment

    Banking tech
    See in list
  4. Drona Pay

    Cloud based financial fraud solution provider

    Security & surveillance technology
    See in list
  5. Quantafic Business Solution

    Web-based customer background verification platform

    Banking tech
    Website

Insurance, sales & customer engagement software

CRM, sales automation and insurance software for banks and financial firms.

  1. Herald Logic

    Provider of sales incentive compensation management platform and managed services

    Sales force automation
    See in list
  2. IorTa

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

    Insurance it
    See in list
  3. BankSight

    Customer engagement platform for banks

    Insurance it
    Website
  4. Insurance CRM24

    App-based customer relationship management platform for the insurance industry

    Insurance it
    Website
  5. Pentation Analytics

    Provider of AI-powered distribution management, demand forecasting, and customer loyalty tools

    Big data analytics
    Website

Banking tech startups in Mumbai

Newer banking tech startups founded in Mumbai.

  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
    See in list
  5. VegaPay

    Provider of technology to build and launch banking and credit products

    Payments
    Website
38 companies in Mumbai

Banking tech companies hiring in Mumbai

Banking tech companies in Mumbai with open jobs.

  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
24 companies in Mumbai

Listed banking tech companies in Mumbai

Publicly listed banking tech companies in Mumbai.

  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. IRIS

    Provider of regulatory technology and compliance software solutions

    Regtech
    See in list
  4. Apollo Finvest

    Enable companies to offer digital loans

    Alternative lending
    See in list
  5. Adroit Corporate Services

    Provider of application development and digital marketing services

    Banking tech
    Website
6 companies in Mumbai
Mobile reach

Top 10 banking tech apps from Mumbai

The most-installed Android apps published by banking tech companies headquartered in Mumbai — 38.1M installs between them. 29 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

Addressify

by Idfy

Installs28K
Rating—
Last updatedSep 2025
View on Google Play ↗
Addressify screenshot 1Addressify screenshot 2
The business behind the activity

Banking tech financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 75 banking tech companies in Mumbai, Maharashtra for FY24-25 — 93 of the 161 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 66% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹7,543.80 cr

75 companies filing accounts

combined net profit₹1,066.26 cr

14.1% aggregate margin

are profitable57%

42 of 75 companies

median revenue~₹8.4 cr

the typical company

median revenue growth+14%

into FY24-25

earned by the top five66%

revenue concentration

Six-year view

Combined revenue of filing companies

₹4,296.81 crFY19-2056 filers
₹3,559.44 crFY20-2168 filers
₹5,195.79 crFY21-2272 filers
₹5,443.93 crFY22-2380 filers
₹7,642.67 crFY23-2483 filers
₹7,543.80 crFY24-2575 filers

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

Like-for-like

The same 67 companies over three years

+59%
FY22-23₹4,492.36 cr₹775.93 cr net
FY23-24₹5,820.62 cr₹957.30 cr net
FY24-25₹7,142.58 cr₹1,077.62 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 cr2020% profitable
₹1–10 cr1958% profitable
₹10–100 cr2365% profitable
₹100–1,000 cr1292% 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

Shrinking23
0–20%18
20–50%19
50–100%5
Doubled+8

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

Profitability

Profit is concentrated at the top

42profitable
32loss-making
14.1%aggregate margin
0.5%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
Rubix Data SciencesRUBIX DATA SCIENCES PRIVATE LIMITED+60%₹45.28 cr
FinQYE-REVBAY PRIVATE LIMITED+57%₹85.81 cr
MfinsMFINS SERVICES PRIVATE LIMITED
ExperianEXPERIAN SERVICES INDIA (PRIVATE LIMITED)+50%₹531.44 cr
Apollo FinvestAPOLLO FINVEST (INDIA) LIMITED
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
C-Edge TechnologiesC-EDGE TECHNOLOGIES LIMITED25.3%₹606.07 cr
Apollo FinvestAPOLLO FINVEST (INDIA) LIMITED
Fino PaytechFINO PAYTECH LIMITED15.8%₹19.39 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Banking tech45₹3,903.50 cr~₹10.0 cr61%5.4%
Payments9₹852.76 cr~₹15.3 cr44%-2.2%
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%
Pay Point IndiaPAY POINT INDIA NETWORK PRIVATE LIMITED₹201.94 cr₹7.72 cr3.8%+32%
VakrangeeVAKRANGEE LIMITED₹184.94 cr₹8.16 cr4.4%-0%
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.

Industry landscape report

AdTech Industry Landscape of Mumbai

The financials above are one chapter. The full banking tech landscape of Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the banking tech landscape of Mumbai
For investors and data teams

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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 Mumbai 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 Mumbai

38 banking tech companies in Mumbai have recorded equity funding, US$846.26m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind banking tech companies in Mumbai. 123 of 161 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai banking tech companies by sub-sector

The most common specialisations among banking tech companies in Mumbai. 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