Radar · Banking Tech in Mumbai
Best Banking Tech Companies in Mumbai, India
The 168 best Banking Tech companies in Mumbai, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Fino Paytech.
By Riya SenguptaFinancials
168companies tracked
$878Mdisclosed funding
0unicorns
51have raised
FLIAR INTELLIGENCE · BANKING TECH × MUMBAI
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
1.3Mcombined LinkedIn audience
39%of audience held by top 3
7companies hiring publicly (12 mo)
Ranked: Best Banking Tech companies in Mumbai
| # | Company | Revenue | Disclosed funding | Revenue YoY | Employees | Tech stack | App-install YoY | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | CIBIL Credit scoring data and customer information provider | $273M FY2025 | $19M | +17% | 1,668 | Adobe Experience ManagerJavaBootstrap+25 | — | — |
| 2 | TransUnion CIBIL Provider of credit scores datasets | $273M FY2025 | $19M | +17% | 1,668 1,668 → 1,017 (-39%) · sector median +38% | Adobe Experience ManagerJavaAmazon Web Services+32 | — | 1 award |
| 3 | Fino Paytech Provider of technology solutions and services for banking and financial sectors | $221M FY2025 | $177M | +25% | 18 | WordPressMySQLPHP+17 | — | 2 awards |
| 4 | Aurionpro Provider of loan and cash management solutions for banks and financial institutions | $141M FY2025 | $3M | +33% | 33 | WordPressMySQLPHP+27 | — | 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 +38% | WordPressMySQLPHP+21 | +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 +38% | WordPressMySQLPHP+41 | — | 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 +38% | Node.jsTailwind CSSReact+9 | — | — |
| 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 | WordPressPleskMySQL+11 | — | — |
| 9 | CRIF Provider of a credit scoring solution for businesses | $38M FY2025 | $9M | +20% | 175 | BootstrapGSAPCloudflare+18 | — | 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 +38% | TypeScriptMaterial Design LiteZone.js+16 | +16% | — |
| 11 | Pay Point India Provider of digital financial services and retail solutions via agent network | $24M FY2025 | $3M | +32% | 966 966 → 623 (-36%) · sector median +38% | Windows ServerMicrosoft ASP.NETBootstrap+10 | +19% | 2 job openings · 1 award |
| 12 | 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 +38% | WordPressMySQLPHP+29 | — | — |
| 13 | Karza AI powered financial data analysis and decision support software | $21M FY2023 | $1M | — | 229 | TypeScriptSalesforceZone.js+17 | — | — |
| 14 | BranchX AI-powered neo-banking platform | $14M FY2025 | $3M | +32% | 1 | BootstrapAmazon Web ServicesCloudflare+9 | — | 2 launchs |
| 15 | 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 | GhostNode.jsTailwind CSS+26 | +31% | — |
| 16 | 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 | PHPGoogle MapsYouTube+13 | — | 3 job openings · 1 internship |
| 17 | Maximus Digital payment infrastructure solutions for businesses and institutions | $7M FY2025 | $2M | +9% | 173 173 → 260 (+50%) · sector median +38% | PHPBootstrapApache HTTP Server+11 | — | 1 partnership |
| 18 | Rubix Data Sciences Provider of risk assessment, credit decisioning, and debt collection management solutions | $5M FY2025 | $3M | +60% | 116 116 → 201 (+73%) · sector median +38% | Chart.jsBootstrapReact+14 | — | 2 launchs |
| 19 | AllinCall Research and Solutions AI enabled software solutions provider for banking and insurance industries | $5M FY2025 | $67K | -2% | 158 | Node.jsPythonCKEditor+17 | — | — |
| 20 | Getcogno.ai Provider of AI-powered communication and contact center solutions | $5M FY2025 | $67K | -2% | 84 | — | — | — |
| 21 | Finhaat Provider of a B2B platform for financial product distribution | $4M FY2025 | $4M | +30% | 25 | WebflowGSAPcore-js+17 | — | — |
| 22 | 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 +38% | Windows ServerMicrosoft ASP.NETBootstrap+18 | — | — |
| 23 | WonderLend Hubs Provider of incentive compensation management and lending technology platforms software | $4M FY2025 | $2M | +24% | 12 | WordPress Block EditorwpBakeryWordPress+29 | — | 1 job opening · 1 launch |
| 24 | Arya.ai Provider of AI-powered platforms and APIs for financial services | $3M FY2025 | $2M | +29% | 52 52 → 85 (+63%) · sector median +38% | WebflowZohoGSAP+14 | — | — |
| 25 | Herald Logic Provider of sales incentive compensation management platform and managed services | $3M FY2023 | $220K | +74% | 188 | UbuntuBootstrapApache HTTP Server+5 | — | — |
| 26 | CreditMate Collection platform | $2M FY2025 | $3M | +12% | 3 | Animate.cssBootstrapGoogle Font API+10 | — | — |
| 27 | Ixsight Technologies Cloud based platform offering end to end business intelligence software | $2M FY2025 | $984K | +31% | 48 48 → 65 (+35%) · sector median +38% | WordPress Block EditorWordPressMySQL+23 | — | 1 award |
| 28 | IorTa Provider of AI-powered digital solutions for BFSI sales and operations | $2M FY2025 | $188K | -18% | 140 | Webflowcore-jsjQuery+11 | — | — |
| 29 | Bankiq Provider of real-time fraud detection and prevention solutions for financial institutions | $1M FY2025 | $141K | -35% | 18 18 → 34 (+89%) · sector median +38% | WordPressMySQLPHP+12 | — | — |
| 30 | AdvaRisk Provider of platform for real estate collateral management and risk assessment | $1M FY2025 | $8M | +7% | 118 118 → 241 (+104%) · sector median +38% | WordPressMySQLZoho+19 | — | — |
| 31 | Tijoree Provider of an internet-first bank offering digital banking services for businesses | $1M FY2025 | $2M | +2601% | — | React RouterReactAmazon Web Services+7 | — | — |
| 32 | Suvidhaa Operator of tech-enabled retail outlets providing financial and other services | $1M FY2025 | $38M | +3% | 17 | Cart FunctionalityAdobe Experience ManagerJava+33 | — | — |
| 33 | i-XL Technologies Loan life cycle management software for lenders & financial institutions | $1M FY2025 | $299K | +36% | 72 | — | — | — |
| 34 | Drona Pay Cloud based financial fraud solution provider | $1M FY2025 | $500K | +79% | 21 | WixSentryBootstrap+11 | — | — |
| 35 | VegaPay Provider of technology to build and launch banking and credit products | $514K FY2025 | $7M | +48% | 52 52 → 111 (+113%) · sector median +38% | Framer SitesReactAmazon Web Services+7 | — | 7 job openings · 1 award |
| 36 | 1Silverbullet Blockchain-based open banking API solutions | $370K FY2025 | $729K | +248% | 67 67 → 69 (+3%) · sector median +38% | WordPressMySQLPHP+20 | — | 1 launch |
| 37 | Pentation Analytics Provider of AI-powered distribution management, demand forecasting, and customer loyalty tools | $348K FY2024 | $547K | +45% | 175 | anime.jsparticles.jsUbuntu+17 | — | — |
| 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 +38% | WordPressMySQLPHP+19 | — | 1 launch |
| 39 | AMORQA Provider of a robo-advisory solution for home loans | $134K FY2022 | $1M | -3% | 1 | — | — | — |
| 40 | Syntellect Platform offering risk assessment solutions | $106K FY2025 | $494K | +9% | 3 | — | — | — |
| 41 | LXME Internet first bank ofeering retail banking solutions for women | $101K FY2025 | $1M | +50% | 34 34 → 67 (+97%) · sector median +38% | WordPressMySQLPHP+29 | — | — |
| 42 | Vance Internet first bank offering international banking solutions for NRI | $80K FY2023 | $6M | — | 32 | WebflowAmazon Web ServicesMixpanel+14 | — | — |
| 43 | Gravity Gravity Provider of Hyper-Personalization Banking Platforms | $49K FY2025 | $1M | +986% | 13 | — | — | — |
| 44 | Optimoney Technologies Simplified banking solutions for banks of Bharat | $43K FY2025 | $670K | +1828% | — | — | — | — |
| 45 | PocketATM Provider of banking APIs, soundbox solutions, and merchant application services | $43K FY2025 | $400K | +1828% | — | — | — | — |
| 46 | Boson Systems White-labeled digital payment platform | $38K FY2025 | $4M | -4% | 32 | — | — | — |
| 47 | RefreshMint AI based solutions for acquisition of financial services | $15K FY2025 | $588K | -70% | — | — | — | — |
| 48 | Digital India Payments Provider of digital payment and financial transaction services | $9K FY2025 | $3M | +1116% | 10 | — | — | — |
| 49 | Kiya.ai Provider of digital solutions for financial institutions and government organizations | — | $25M | — | 1,539 1,539 → 1,155 (-25%) · sector median +38% | WordPressApple iCloud MailMicrosoft 365+31 | — | — |
| 50 | Impactsure Provider of AI development and data analytics services | — | $1M | — | 53 | BootstrapAmazon Web ServicesGoogle Font API+7 | — | 1 award |
Top 12 Banking Tech companies in Mumbai
#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 — 8.8% 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 — 18.2% 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 — 2.8% of this cohort's audience · 111 engagements/post (2.5× 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 · 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 — 2.6% 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
#5
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 — 5.6% 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
#6
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
#7
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
#8
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
#9
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
#10
Seed · Mumbai, Maharashtra · founded 2021 · 20 employees$1.5Mraised▾
Seed · Mumbai, Maharashtra · founded 2021 · 20 employees
Provider of AI tools for market research and consumer insights. The company offers software for quantitative and qualitative data collection and analysis. Its tools include facial action coding, eye tracking, and speech transcription. It also provides generative AI, survey research, and text sentiment analysis.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Growth
top 20%Innovation
top 25%Tech
top 28%Talent
top 28%AI
top 30%Moat
top 33%Growth: Revenue +68% YoY · Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo
Innovation: 9 product lines · Deep-tech classification: Artificial Intelligence
Tech: 38 technologies across 6/8 capability areas · Cloud: Cloudflare · Devops: Nginx
Audience (LinkedIn): 4k LinkedIn followers
Activity (LinkedIn): 3 product launches · 1 awards announced in 12 mo
Funding rounds
- May 2025Grant (prize money)$50K
- Jun 2022Seed$1.5M
Founders & team
Investors
Chiratae Ventures, Anthill Ventures, VideoVerse, 100Unicorns, Prosus
Tech stack
AngularCdnjsCloudflareContact Form 7Google AnalyticsGoogle Font Api
#11
Seed · Mumbai, Maharashtra · founded 2016 · 838 employees$2.2Mraised▾
Seed · Mumbai, Maharashtra · founded 2016 · 838 employees
Digital platform providing range of payment and digital banking services. It operate on a B2B2C model, where it partner with neighbourhood retail stores and enable them with the tools to provide assisted financial and digital commerce services to their local communities. Its innovative solutions are modelled to make transactions seamless, quick and easy and strives to empower its retail partners and their customers. Local communities access it to avail a range of services including cash withdrawal, cash deposits, money transfer, savings, insurance, travel, digital payments, access to government benefits and many more.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 46k LinkedIn followers — 3.6% of this cohort's audience
Funding rounds
- Feb 2025Angel$2.3M
- Jun 2016Seed$2.2M
Founders & team
Investors
Roha, Catalyst, The Gain, Silk Bridge Partners, BetaPlus, Boleh Ventures
Tech stack
WordpressMysqlPhpYoutubeContact Form 7Nginx
#12
Seed · Mumbai, Maharashtra · founded 2016 · 12 employees$1.8Mraised▾
Seed · Mumbai, Maharashtra · founded 2016 · 12 employees
Provider of incentive compensation management and lending technology platforms software. Offers platforms for managing sales compensation processes, including calculation, tracking, and payout management. Provides tools for loan origination, credit rules configuration, and workflow management to support lending operations. Enables configuration of business rules and processes through no code interfaces, supporting integration with existing enterprise systems. Includes managed services supporting ongoing system usage and process adjustments. Focuses on improving operational accuracy, process visibility, and decision management within compensation and lending functions.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 6k LinkedIn followers
Hiring: 1 hiring post in 12 mo (public) · hiring: Project Manager, Solution Analyst
Activity: 1 product launches announced in 12 mo
Funding rounds
- Jan 2025Seed$545K
- Sep 2023Seed$110.3K
- Jun 2022Seed$1.6M
- Apr 2020Seed$66.1K
Founders & team
Investors
Inflection Point Ventures, Indian Angel Network, Beacon Trusteeship, Haystack TV, Cubs Family Private Trust, MDJ Investment
Tech stack
Apache Http ServerBootstrapContact Form 7ElementorFullpage.JsGoogle Analytics
Funding & investor landscape
$878Mtotal disclosed funding
53companies funded
174disclosed 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
Ram Kewalramani
Co-Founder & MD · CredAble
Rajiv Ramnarayan
Co-Founder · CredAble
Guhan Muthusamy
Co-Founder · Mindgate
George Sam
Co-Founder & Business Head · Mindgate
Rajesh Johnny
Co-Founder & CEO · BranchX
Sajid Jamal
Managing Director & ex-Co-Founder · BranchX
Navneet Shrivastava
Co-Founder · Finhaat
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 formalize Financial services (35 papers) and Scalability (11) breakthroughs.
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, mobile banking, and payment topics newly emerged, while Financial services advanced sharply from 2→223 papers.
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 concern papers rose 1→264; Digital transformation and Financial literacy newly flagged as risk areas by Indian fintech researchers.
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 Mumbai, India?
Radar tracks 168 indexable Banking Tech companies headquartered in Mumbai, India, India, that meet our profile-completeness bar.
What is the total funding raised by Banking Tech companies in Mumbai, India?
The Banking Tech companies in Mumbai, India on this list have raised a combined $878M in disclosed equity funding across 53 funded companies.
Which is the highest-funded Banking Tech company in Mumbai, India?
Fino Paytech is the highest-funded Banking Tech company in Mumbai, India, with $176.5M in disclosed equity funding.
How many Banking Tech companies in Mumbai, India are funded?
53 of the 168 Banking Tech companies in Mumbai, India on this list have disclosed at least one equity funding round.
How many Banking Tech unicorns are there in Mumbai, India?
None of the Banking Tech companies in Mumbai, India on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Mumbai, India Banking Tech companies?
The most active investors in Mumbai, India Banking Tech companies on this list include SINE, WestBridge Capital, ICICI Bank, IIFL Finance, 3one4 Capital.
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.