Company lists
The Mumbai edition · 2026

Finance & Accounting Techcompanies in Mumbai

Accounting software, tax & compliance, invoicing & payments, expense management, payroll & HR and more: the companies building finance & accounting tech in Mumbai, Maharashtra, with their founders, funding, team size and business models.

174 company profiles51 with reported revenue22 with recorded fundingOctober 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent finance & accounting tech business events in India

Funding, M&A, contract wins and launches involving 2,313 finance & accounting tech companies in India, last 24 months: 56 Contracts · 33 M&A deals · 18 launches · 10 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Completed

Ran Ventures acquires Zaggle

RAN Ventures purchased 1 Lakh equity shares of Zaggle from the open market on May 18, taking its stake in the company to 44.23% from 44.15%.

Fintech SaaS
M&AAcquisition · Announced

Zaggle Prepaid Ocean Services acquires Dice

Zaggle Prepaid Ocean Services Ltd, a spend management solutions company, has said that its board has approved the transaction structure for the strategic acquisition of DICE. Zaggle has…

AI Spend Management Platform
ContractService

Zaggle Prepaid Ocean Services · client: Generali Central Insurance Company

Generali Central Insurance Company will now have access to the Zaggle Zoyer platform, thanks to an arrangement announced by Zaggle Prepaid Ocean Services.

Spend management
FundingPre-Series

Tartan

Fintech startup Tartan raised $4.5 milion in Pre-Series from 500 Global, InfoEdge Ventures, Naval Ravikant-backed AngelList Quant Fund, WorldQuant Ventures, Varanium GenNext Fund,…

Investors 500 global, InfoEdge Ventures, Naval Ravikant-backed AngelList Quant Fund, WorldQuant Ventures
Fintech
FundingSeries A

Aerchain

We are pleased to announce that our client, Aerchain, has raised Series A funding round led by Pavestone VC, with participation from IndiaMART and other investors.

Investors Pavestone VC, Indiamart
AI native enterprise procurement platform
ContractTechnology

Ramco Systems · client: Tata advanced systems

Tata Advanced Systems Ltd (TASL) has chosen Ramco Systems‘ aviation software to digitally manage its upcoming maintenance, repair, and overhaul (MRO) facility for the Indian Air Force’s…

Defense
ContractTechnology

Ramco Systems · client: Sahar group

Ramco Systems Corporation, USA (RSC), a subsidiary of Ramco Systems Limited, has announced that Sahar Group, an aerospace services provider specialising in the UH-60 Black Hawk platform,…

Aerospace
LaunchTallyPrime Cloud Access

Tally solutions

Tally Solutions has migrated its TallyPrime Cloud Access platform to Oracle Cloud Infrastructure (OCI).

Cloud-based financial management
M&AMerger · Completed

Fincontrol acquires Osfin

At the end of August 2025, the two supervisory organisations (AO) for asset managers and trustees Fincontrol and Osfin announced that they would merge to join Osfincontrol.

M&AAcquisition · Completed

Ramco Management acquires Ramco Systems

Promoter Ramco Management has acquired 2.7 percent equity stake in Ramco Systems, the global enterprise software company, via open market transactions on February 3.

Enterprise Software
FundingSeries C

Xoxoday

Xoxoday, a global rewards, incentives, and Loyalty technology company, has raised a Series C round backed by its existing investors – Apis Partners & 57 Stars, marking a key milestone as…

Rewards, Incentives & Loyalty technology
LaunchTallyPrime 7.0

Tally solutions

Tally Solutions has launched TallyPrime 7.0 in the Middle East, adding automation, bilingual workflows, and built‑in compliance for SMEs.

Accounting software
M&AAcquisition · Announced

Acrophyte Asset Management acquires Suntec

Acrophyte plans to enter a conditional sale and purchase agreement with subsidiaries of ESR Group to acquire ESR’s 100 per cent indirect interest in the manager, Suntec Reit’s manager…

M&AAcquisition · Completed

Vyapar acquires Suvit

Vyapar, one of the country’s leading business management platforms, has fully acquired Suvit, an AI-powered automation accounting software recognized by the Institute of Chartered…

AI-driven accounting automation startup
LaunchEmbedded Invoicing & Accounting Suite

Refrens

Refrens, a global leader in invoicing and accounting solutions, today announced the launch of its next-generation Embedded Invoicing & Accounting Suite, designed to help software…

Embedded Invoicing & Accounting
LaunchKapittx

Kapittx

Pune-based Kapittx is emerging as an AI-native platform, helping enterprises tackle delayed receivables and limited cash‑flow visibility.

B2B payments / receivables management
LaunchPrudent AI Upfront

Prudent ai

In 2025, he led the launch of Prudent AI Upfront, a one‑touch prequalification platform that automates document collection and instantly calculates borrower income with 100% accuracy.

LaunchSunTec Xelerate Account Analysis Solution

Suntec business solutions

SunTec Business Solutions today announced the launch of its enhanced, AI-augmented Account Analysis Solution, designed to help US banks unlock deeper client insights, strengthen treasury…

Account Analysis Solution
M&AAcquisition · Announced

Choice international acquires Fintoo

Additionally, the company has acquired Fintoo’s insurance distribution business, encompassing its client portfolio, team, IT systems, and supporting infrastructure.

LaunchXelerate Deal Management

Suntec business solutions

SunTec Business Solutions has launched its upgraded Xelerate Deal Management platform, a enhancement that integrates artificial intelligence and end-to-end automation to revolutionise…

AI-powered deal management platform
ContractInfrastructure

Au small finance bank · client: Zaggle Prepaid Ocean Services

AU Small Finance Bank has announced a strategic partnership with Zaggle Prepaid Ocean Services Ltd, India’s leading spend management company.

Financial Services
ContractService

Mastercard Asia Pacific Pte. Ltd · client: Zaggle Prepaid Ocean Services

the company said it has "entered into an agreement" with Mastercard Asia Pacific Pte. Ltd to launch and promote co-branded domestic prepaid cards on the Mastercard network.

Prepaid card
LaunchEmbedded Invoicing & Accounting Suite

Refrens

Refrens, a global leader in invoicing and accounting solutions, today announced the launch of its next-generation Embedded Invoicing & Accounting Suite, designed to help software…

Embedded Finance
M&AAcquisition · Announced

India accelerator acquires Starters' CFO

India Accelerator (IA), a leading multi-stage VC fund, has announced the acquisition of Starters' CFO, a leading new age finance and accounting services provider for startups.

Finance and accounting services for startups
LaunchDigital CFO Version 1.0

Digital CFO

Digital CFO, a pioneering fintech platform developed by Chartered Accountants with deep domain expertise, today announced the nationwide launch of its Version 1.0 Cloud‑Native, AI‑Driven…

Cloud-native, AI-driven accounting and financial management software
ContractInfrastructure

Enzyme Office Spaces · client: Vyapar

Vyapar, an accounting software company, has leased 90,000 sq ft of customized commercial space at Enzyme Office Spaces' newly launched centre in Bengaluru.

Real Estate/Office Space
ContractService

Grant Thornton Bharat · client: Zaggle Prepaid Ocean Services

Under the terms of the agreement, Grant Thornton will act as a channel partner, offering Zaggle's flagship Spend Management platform to its roster of corporate clients and large enterprises.

Fintech
M&AAcquisition · Announced

Jindal stainless acquires Mynd solutions private limited

Jindal Stainless Limited (JSL) approves purchase of 5.03% stake in Mynd Solutions Private Limited, a trade receivables discounting system (TReDS) and supply chain financing platform…

FundingInvestment

Mynd solutions private limited

The company announced that it has approved the acquisition of a 5.03% stake in Mynd Solutions Private Limited. It is a Reserve Bank of India (RBI)-regulated trade receivable discounting…

TReDS and supply chain platform

Finance & Accounting Tech companies in Mumbai, by revenue

Browse finance & accounting 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 51 finance & accounting 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 B2B payment automation and supply chain finance solutions

Finance & accounting tech
₹1,344.01 crFY 2023-24
Not reported
87-4% 12 mo to Aug 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months · last posted Mar 2023

Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows

Hrtech
₹1,330.53 crFY 2024-25
+69%2024–2025
523+50% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Online B2B platform for industrial supply

Scm software
₹249.78 crFY 2024-25
+14%2024–2025
131-14% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions

E-commerce enablers
₹185.01 crFY 2022-23
+37%2022–2023
156-26% 12 mo to Aug 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Jul 2026

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 a platform for business spend management and payment solutions

Finance & accounting tech
₹76.76 crFY 2024-25
-75%2024–2025
154-59% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
4postings · last posted Sep 2026

Provider of HRMS and fixed asset management solutions

Finance & accounting tech
₹45.83 crFY 2024-25
+13%2024–2025
74+32% 12 mo to Sep 2024recorded Sep 2024
25 yr2001
1postings · last posted Aug 2026

Online accounting software for businesses

Finance & accounting tech
₹32.43 crFY 2024-25
+48%2024–2025
36+6% 12 mo to Sep 2024recorded Sep 2024
7 yr2019
0none in 3 months

Provider of online financial planning and investment advisory platform

Finance & accounting tech
₹23.82 crFY 2024-25
+120%2024–2025
142LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Analytics products for financial institutions

Banking tech
₹20.83 crFY 2024-25
-4%2024–2025
225+6% 12 mo to Sep 2024LinkedIn · Jul 2026
33 yr1993
0none in 3 months · last posted Oct 2021

Software to file financial statements in XBRL

Grc software
₹17.24 crFY 2024-25
+21%2024–2025
—Not available
26 yr2000
0none in 3 months

Provider of assisted and DIY online tax filing services

Finance & accounting tech
₹14.69 crFY 2024-25
Not reported
186-42% 12 mo to Jul 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of AP automation, payments, compliance, and vendor management software

Scm software
₹11.94 crFY 2024-25
+48%2024–2025
111+13% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Solutions for GST return filing

Finance & accounting tech
₹8.42 crFY 2024-25
+362%2024–2025
11-35% 12 mo to Aug 2024recorded Aug 2024
11 yr2015
0none in 3 months

Cloud-based tax filing and reconciliation solutions for businesses

Finance & accounting tech
₹7.51 crFY 2024-25
+12%2024–2025
19LinkedIn · Jul 2026
10 yr2016
0none in 3 months

GST credit solutions to businesses

Finance & accounting tech
₹7.48 crFY 2024-25
+112%2024–2025
7LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of cloud-based software for streamlining manufacturing business processes

Scm software
₹5.91 crFY 2024-25
+47%2024–2025
100+19% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Intake-to-pay, corporate cards, and accounts payable automation solutions

Payments
₹5.44 crFY 2024-25
-15%2024–2025
57+16% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
1postings · last posted Aug 2026

Accounting and GST compliance software for businesses

Finance & accounting tech
₹5.29 crFY 2024-25
-25%2024–2025
253recorded
33 yr1993
0none in 3 months

Software and ERP solutions for finance and accounting

Finance & accounting tech
₹5.15 crFY 2024-25
+25%2024–2025
45LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Fintech services provider specializing in registration for small businesses and MSMEs

Finance & accounting tech
₹4.79 crFY 2024-25
+29%2024–2025
50-14% 12 mo to Jul 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jul 2026

Online transaction monitoring & reconciliation services for businesses

Finance & accounting tech
₹3.87 crFY 2024-25
+54%2024–2025
45+25% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

GST e-filing and online invoicing solution for businesses

Finance & accounting tech
₹2.87 crFY 2024-25
-35%2024–2025
90-23% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Paperless billing & payment tracking platform for businesses

Finance & accounting tech
₹2.63 crFY 2024-25
+2651%2024–2025
20LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Jun 2026

Provider of automated reconciliation software solutions

Finance & accounting tech
₹2.53 crFY 2024-25
-16%2024–2025
20-12% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Jul 2022
50 of 174 companies shown here · the full list is on Radar
Fliar Radar

Explore all 174 finance & accounting tech companies in Mumbai on Radar

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Explore finance & accounting tech companies in Mumbai by what you are looking for

Find finance and accounting tech companies in Mumbai, from accounting software providers to tax and expense tools. Browse the list of finance companies in Mumbai by what they do, such as bookkeeping, invoicing, payroll and compliance.

8 ways to explore finance & accounting tech in Mumbai

Accounting & bookkeeping software companiesTax filing & compliance software companiesInvoicing, payables & receivables automation companiesExpense & corporate travel management companiesPayroll & HR software companiesInvestment, wealth & treasury technology companies

Accounting & bookkeeping software companies

Providers of accounting suites, bookkeeping tools and record-to-report software for businesses.

  1. Zaggle

    Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows

    Hrtech
    See in list
  2. IRIS

    Provider of regulatory technology and compliance software solutions

    Regtech
    See in list
  3. EnKash

    Provider of a platform for business spend management and payment solutions

    Finance & accounting tech
    See in list
  4. Spine Technologies

    Provider of HRMS and fixed asset management solutions

    Finance & accounting tech
    See in list
  5. Frappe

    Online accounting software for businesses

    Finance & accounting tech
    See in list
162 companies in Mumbai

Tax filing & compliance software companies

Software for GST, income tax filing, regulatory compliance and audit.

  1. IRIS

    Provider of regulatory technology and compliance software solutions

    Regtech
    See in list
  2. Instant xbrl

    Software to file financial statements in XBRL

    Grc software
    See in list
  3. GSTplus.com

    Solutions for GST return filing

    Finance & accounting tech
    See in list
  4. GST Input

    GST credit solutions to businesses

    Finance & accounting tech
    See in list
  5. Udyog Software

    Accounting and GST compliance software for businesses

    Finance & accounting tech
    See in list

Invoicing, payables & receivables automation companies

Tools for invoicing, accounts payable and receivable, collections and business payments.

  1. Zaggle

    Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows

    Hrtech
    See in list
  2. EnKash

    Provider of a platform for business spend management and payment solutions

    Finance & accounting tech
    See in list
  3. Billeasy

    Paperless billing & payment tracking platform for businesses

    Finance & accounting tech
    See in list
  4. Fetch My Payment

    Invoicing and payment solutions for businesses

    Payments
    See in list
  5. CredWault

    Provider of marketplace for export invoice discounting

    Finance & accounting tech
    See in list

Expense & corporate travel management companies

Platforms for employee expenses, corporate cards, travel and spend management.

  1. EnKash

    Provider of a platform for business spend management and payment solutions

    Finance & accounting tech
    See in list
  2. Zento

    Employee Expense And Travel Management System

    Finance & accounting tech
    See in list
  3. BizPay

    Software-based platform for expense management solutions

    Payments
    See in list
  4. Expenzing

    Provider of cloud-based software for spend management and accounts payable

    Finance & accounting tech
    Website
  5. Nexstep

    Cloud based expense management solution for businesses

    Finance & accounting tech
    Website

Payroll & HR software companies

Payroll, HRMS and workforce tools used by finance and HR teams.

  1. Spine Technologies

    Provider of HRMS and fixed asset management solutions

    Finance & accounting tech
    See in list
  2. SEQUEL Group

    Payroll outsourcing software and service provider

    Finance & accounting tech
    See in list
  3. Quro

    Provider of payroll software and outsourcing solutions

    Hrtech
    See in list
  4. PaySoft

    Payroll Management Software

    Finance & accounting tech
    See in list
  5. eVetan

    Web based payroll management solutions.

    Finance & accounting tech
    See in list

Investment, wealth & treasury technology companies

Platforms for financial planning, wealth management, treasury and investor workflows.

  1. Fintoo

    Provider of online financial planning and investment advisory platform

    Finance & accounting tech
    See in list
  2. Credence Analytics

    Analytics products for financial institutions

    Banking tech
    See in list
  3. White Label E-Systems

    Enterprise treasury management software provider

    Banking tech
    See in list
  4. TOPPEQ

    Cloud-based workflow management platform for investors and startups

    Investment tech
    See in list
  5. Zeyro

    Fintech platform offering AI-driven personalized financial management and investment advice to individuals

    Chatbots
    Website

Finance & accounting tech startups in Mumbai

Newer finance and accounting technology companies founded in recent years.

  1. Saraswat Bank Society Connekt

    App-based accounting management solutions for businesses

    Finance & accounting tech
    See in list
  2. CredWault

    Provider of marketplace for export invoice discounting

    Finance & accounting tech
    See in list
  3. Ambill

    AI-powered platform automating accounts receivable, accounts payable, and reconciliation processes

    Finance & accounting tech
    Website
  4. BizPay

    Software-based platform for expense management solutions

    Payments
    See in list
  5. InstaPe

    Provider of secure early earnings access for employees to prevent debt traps and unethical lenders

    Hrtech
    See in list
32 companies in Mumbai

Finance & accounting tech companies hiring in Mumbai

Finance and accounting technology companies currently hiring in Mumbai.

  1. PayMate

    Provider of B2B payment automation and supply chain finance solutions

    Finance & accounting tech
    See in list
  2. Bizongo

    Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions

    E-commerce enablers
    See in list
  3. EnKash

    Provider of a platform for business spend management and payment solutions

    Finance & accounting tech
    See in list
  4. Spine Technologies

    Provider of HRMS and fixed asset management solutions

    Finance & accounting tech
    See in list
  5. Credence Analytics

    Analytics products for financial institutions

    Banking tech
    See in list
16 companies in Mumbai
Mobile reach

Top 10 finance & accounting tech apps from Mumbai

The most-installed Android apps published by finance & accounting tech companies headquartered in Mumbai — 3.9M installs between them. 32 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

TaxBuddy: Income Tax & Finance

by TaxBuddy

Installs1.4M
Rating4.776K ratings
Installs, year on year+16%
Last updatedMay 2026
View on Google Play ↗
TaxBuddy: Income Tax & Finance screenshot 1TaxBuddy: Income Tax & Finance screenshot 2TaxBuddy: Income Tax & Finance screenshot 3TaxBuddy: Income Tax & Finance screenshot 4TaxBuddy: Income Tax & Finance screenshot 5
3

Zaggle

by Zaggle

Installs631K
Rating4.289K ratings
Last updatedJun 2026
View on Google Play ↗
Zaggle screenshot 1Zaggle screenshot 2Zaggle screenshot 3Zaggle screenshot 4Zaggle screenshot 5
4

CoreHR

by Maxus

Installs279K
Rating—
Last updatedJun 2026
View on Google Play ↗
CoreHR screenshot 1CoreHR screenshot 2CoreHR screenshot 3CoreHR screenshot 4CoreHR screenshot 5CoreHR screenshot 6
5

5nance - Wealth Management

by 5 nce

Installs81K
Rating—
Last updatedMar 2026
View on Google Play ↗
5nance - Wealth Management screenshot 15nance - Wealth Management screenshot 25nance - Wealth Management screenshot 35nance - Wealth Management screenshot 45nance - Wealth Management screenshot 55nance - Wealth Management screenshot 6
7

LegAn

by LegAn

Installs57K
Rating—
Last updatedMay 2026
View on Google Play ↗
LegAn screenshot 1LegAn screenshot 2LegAn screenshot 3LegAn screenshot 4LegAn screenshot 5LegAn screenshot 6
8

Fintoo

by Fintoo

Installs43K
Rating—
Last updatedNov 2025
View on Google Play ↗
Fintoo screenshot 1Fintoo screenshot 2Fintoo screenshot 3Fintoo screenshot 4Fintoo screenshot 5Fintoo screenshot 6
9

InstaPe

by InstaPe

Installs32K
Rating—
Last updatedMay 2026
View on Google Play ↗
InstaPe screenshot 1InstaPe screenshot 2InstaPe screenshot 3InstaPe screenshot 4
10

TranZact Lite

by TranZact

Installs21K
Rating—
Last updatedMay 2026
View on Google Play ↗
TranZact Lite screenshot 1TranZact Lite screenshot 2TranZact Lite screenshot 3TranZact Lite screenshot 4TranZact Lite screenshot 5TranZact Lite screenshot 6
The business behind the activity

Finance & Accounting Tech financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 52 finance & accounting tech companies in Mumbai, Maharashtra for FY24-25 — 70 of the 174 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 89% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,992.53 cr

52 companies filing accounts

combined net profit−₹21.55 cr

-1.1% aggregate margin

are profitable44%

23 of 52 companies

median revenue~₹2.4 cr

the typical company

median revenue growth+15%

into FY24-25

earned by the top five89%

revenue concentration

Six-year view

Combined revenue of filing companies

₹829.07 crFY19-2047 filers
₹1,176.44 crFY20-2151 filers
₹1,976.50 crFY21-2253 filers
₹2,541.93 crFY22-2356 filers
₹2,991.15 crFY23-2460 filers
₹1,992.53 crFY24-2552 filers

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

Like-for-like

The same 48 companies over three years

+68%
FY22-23₹1,184.85 cr−₹109.51 cr net
FY23-24₹1,641.80 cr−₹112.90 cr net
FY24-25₹1,991.59 cr−₹20.28 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 cr1729% profitable
₹1–10 cr2245% profitable
₹10–100 cr1050% profitable
₹100–1,000 cr2100% 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

Shrinking19
0–20%9
20–50%10
50–100%6
Doubled+8

52 companies with accounts for both years; median growth +15%.

Profitability

Profit is concentrated at the top

23profitable
29loss-making
-1.1%aggregate margin
-5.4%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
FintooMIHIKA FINANCIAL SERVICES PRIVATE LIMITED+601%₹13.80 cr
ZaggleZaggle Prepaid Ocean Services Limited+69%₹1,327.16 cr
CashfloVALOR INNOVATIONS PRIVATE LIMITED+48%₹11.94 cr
FrappeFrappe Technologies Private Limited+48%₹32.43 cr
TaxBuddySSBA INNOVATIONS LIMITED+31%₹14.57 cr
IRISIRIS REGTECH SOLUTIONS LIMITED+25%₹121.96 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
FrappeFrappe Technologies Private Limited14.6%₹32.43 cr
Instant xbrlSENSYS TECHNOLOGIES PRIVATE LIMITED10.9%₹17.24 cr
IRISIRIS REGTECH SOLUTIONS LIMITED10.3%₹121.96 cr
ZaggleZaggle Prepaid Ocean Services Limited6.6%₹1,327.16 cr
Spine TechnologiesSPINE TECHNOLOGIES (INDIA) PRIVATE LIMITED3.8%₹45.83 cr
NexstepNEXSTEP INFOTECH PRIVATE LIMITED1.4%₹14.58 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Finance & accounting tech37₹226.00 cr~₹1.8 cr43%-38.7%
Leaders

Largest finance & accounting tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
ZaggleZaggle Prepaid Ocean Services Limited₹1,327.16 cr₹87.48 cr6.6%+69%
Bulk MROBULK MRO INDUSTRIAL SUPPLY PRIVATE LIMITED₹249.78 cr₹19.86 lakh0.1%+14%
IRISIRIS REGTECH SOLUTIONS LIMITED₹121.96 cr₹12.50 cr10.3%+25%
Spine TechnologiesSPINE TECHNOLOGIES (INDIA) PRIVATE LIMITED₹45.83 cr₹1.72 cr3.8%+13%
FrappeFrappe Technologies Private Limited₹32.43 cr₹4.74 cr14.6%+48%
UpScaleEQUENTIA SCF TECHNOLOGIES PRIVATE LIMITED₹22.11 cr-23%
Credence AnalyticsCREDENCE ANALYTICS (INDIA) PRIVATE LIMITED₹20.83 cr₹1.91 lakh0.1%-4%
Instant xbrlSENSYS TECHNOLOGIES PRIVATE LIMITED₹17.24 cr₹1.88 cr10.9%+21%
EnKashNEHAT TECH SOLUTIONS PRIVATE LIMITED₹15.76 cr−₹16.80 cr-106.6%-95%
NexstepNEXSTEP INFOTECH PRIVATE LIMITED₹14.58 cr₹21.07 lakh1.4%+6%
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 finance & accounting 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 finance & accounting tech landscape of Mumbai
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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

Finance & Accounting Tech funding and M&A across India

429 recorded equity rounds have gone to 2,313 finance & accounting 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 months7

US$21.19m

equity rounds, last 24 months30

US$126.22m

raised over five yearsUS$869.95m

205 rounds in India

M&A deals, India33

last 24 months

Capital by year

Equity funding into finance & accounting tech in India

amount rounds
$81m201831
$209m201941
$120m202037
$432m202154
$192m202255
$83m202338
$42m202431
$104m202522
$17m20265

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$432.01m across 54 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$9.12m49 rounds · median US$92k
SeedUS$113.86m111 rounds · median US$682k
Series AUS$139.78m23 rounds · median US$4.00m
Series BUS$176.98m9 rounds · median US$8.76m
Series CUS$226.00m4 rounds · median US$75.00m
Series D+US$204.21m9 rounds · median US$4.03m
Where the money went · five years

Most-funded sub-sectors

Finance & accounting techUS$295.95m133 rounds · 68 companies
E-commerce enablersUS$241.32m6 rounds · 2 companies
HrtechUS$122.46m10 rounds · 4 companies
Vernacular platformsUS$100.00m1 rounds · 1 companies
Scm softwareUS$39.88m12 rounds · 6 companies
Digital remittanceUS$28.20m3 rounds · 1 companies
PaymentsUS$14.17m16 rounds · 9 companies
Corporate activity · last 24 months

M&A in India

32Acquisition
1Merger

Most active acquirers

  1. Zaggle Prepaid Ocean Services23
  2. Ran Ventures1
  3. Fincontrol1
  4. Ramco Management1
  5. Acrophyte Asset Management1

Most acquired or merged

  1. Mobileware technologies3
  2. Dice2
  3. Na2
  4. Effiasoft2
  5. Rio.Money2

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

Finance & Accounting Tech funding in Mumbai

22 finance & accounting tech companies in Mumbai have recorded equity funding, US$458.97m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind finance & accounting tech companies in Mumbai. 99 of 174 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai finance & accounting tech companies by sub-sector

The most common specialisations among finance & accounting tech companies in Mumbai. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring finance & accounting tech in India and nearby markets.

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