Company lists
The Gujarat edition · 2026

FinTechcompanies in Gujarat

Investing & trading, accounting & tax software, payments, lending, banking & insurance tech and more: the companies building fintech in Gujarat, with their founders, funding, team size and business models.

650 company profiles150 with reported revenue32 with recorded fundingSeptember 2026 edition

Recent fintech business events in Gujarat

Funding, M&A, contract wins and launches involving 840 fintech companies in Gujarat, last 24 months: 9 funding rounds · 5 M&A deals · 1 Contract. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Mar 2026.

Funding

Lendingkart

Lendingkart is looking to raise Rs 850 crore in fresh equity infusion from existing investors.

Investors Fullerton Financial, Existing investors
FinTech
FundingInstitutional funding

Mantra softech

Mantra Softech, an Indian deep-tech enterprise specializing in identity management, security systems, and computer vision, has raised USD 14 million in its first institutional funding round.

Investors India SME Fund II, Motilal Oswal Principal Investments
FundingInstitutional investment round

Mantra softech

Mantra Softech, an Indian deep-tech company focused on identity management, security systems and computer vision, has raised USD 14 million in its first institutional investment round.

Investors India SME Fund II, Motilal Oswal Principal Investments
Identity Management, Security Systems, Computer Vision
FundingSeries F

Lendingkart

Temasek-owned Fullerton’s newly acquired fintech firm Lendingkart is set to raise Rs 850 crore (about $100 million) in its Series F round. This will be the company’s first significant…

Investors Fullerton Financial, Bertelsmann Nederland
Fintech
FundingSeed

Vijya fintech

Vijya Fintech, the parent company of flagship platform MIDASX, has announced the successful closure of its INR 12Cr Seed Round, marking a major milestone in its mission to build India’s…

Investors Family Offices and UHNIs
Wealth-tech, Open Architecture, AI-Driven B2B2C Multi-Asset Marketplace
ContractTechnology

Fingerprint cards · client: Mantra softech

A $2.5 million licensing deal with Egis Technology for PC biometrics in August was the third of the year for FPC, following deals with Mantra Softech for civil identification and one…

Civil identification
Funding

Ignosis

Ignosis, a startup focused on Account Aggregator (AA) and financial data intelligence, has raised $4 million in a funding round led by Peak XV Partners’ Surge programme.

Investors Peak XV Partners’ Surge programme, Force Ventures, Razorpay Ventures, Cred founder Kunal Shah
M&AAcquisition · Completed

Rediff.com acquires Infibeam avenues

This strategic move has resulted in Infibeam Avenues increasing its shareholding in Rediff to 82.66%, marking a substantial expansion of its stake in the prominent Indian internet company.

Fintech
M&AAcquisition

Fullerton acquires Lendingkart

Lendingkart sold a majority stake to existing backer Fullerton, part of Temasek.

M&AAcquisition · Completed

Monarch networth capital acquires Metropolitan Stock Exchange of India Limited

Monarch Networth Capital Limited (MNCL) has successfully completed a significant acquisition in the Metropolitan Stock Exchange of India Limited (MSEI)... The company has purchased a…

Financial Services
FundingRights issue

Infibeam avenues

Infibeam Avenues has concluded its 700-crore rights issue, which was oversubscribed by 1.4 times.

Investors Na
Fintech, AI, Digital Payments
FundingRights Issue

Infibeam avenues

Rights Issue Committee of Infibeam Avenues, at its meeting held on June 19, approved raising funds of up to ₹6,99,98,57,230 through the rights issue.

Investors Na
Funding

IBL Finance

In FY 2024-25, IBL has already secured Rs. 49.46 crore through term loans and NCDs, thereby strengthening the company’s financial position and growth trajectory.

Financial Services
M&AAcquisition · Announced

Confiance acquires Meru accounting

Confiance, a global provider of business services, has announced the acquisition of Meru Accounting.

Accounting, tax, and bookkeeping services
M&AAcquisition

Temasek’s Fullerton acquires Lendingkart

Temasek’s Fullerton recently acquired the troubled fintech firm Lendingkart in a distress sale.

FinTech companies in Gujarat, by revenue

Browse fintech companies in Gujarat 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 150 fintech companies in Gujarat 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

App-based online trading platform for gold & silver trading for individuals

Investment tech
₹25,683.00 crFY 2024-25
-6%2024–2025
36+29% 12 mo to Mar 2023recorded Mar 2023
38 yr1988
0none in 3 months

App-based platform for trading in gold

Investment tech
₹4,086.35 crFY 2024-25
+39%2024–2025
—Not available
14 yr2012
0none in 3 months

Provider of payment gateway solutions, invoice payments, and subscription management

Payments
₹4,065.72 crFY 2024-25
+28%2024–2025
9-5% 12 mo to Jun 2023LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Provider of digital payment solutions and enterprise software platforms globally

Payments
₹3,199.17 crFY 2023-24
Not reported
780+6% 12 mo to Aug 2024LinkedIn · Jul 2026
19 yr2007
9postings · last posted Sep 2026

Provider of an pp-based trading and exchange platform for cryptocurrency

Cryptocurrencies
US$364.48mDec 2023
Not reported
198LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Jun 2026

Online investment and trading platform for stock derivatives, commodities, forex, and IPOs

Investment tech
₹2,780.30 crFY 2023-24
+294%2023–2024
264LinkedIn · Jul 2026
16 yr2010
1postings · last posted Jul 2026

Wealth management products distributor network

Investment tech
₹2,621.89 crFY 2024-25
Not reported
1,367+12% 12 mo to Aug 2024recorded Aug 2024
23 yr2003
0none in 3 months

Provider of unsecured business loans and working capital financing to MSMEs

Alternative lending
₹898.19 crFY 2024-25
Not reported
1,467+22% 12 mo to Jul 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Jun 2026

Biometrics-based security and surveillance solutions

Regtech
₹429.12 crFY 2024-25
+12%2024–2025
1,156+17% 12 mo to Jul 2024recorded Jul 2024
20 yr2006
0none in 3 months

Trading platform focused on capital market assets

Investment tech
₹327.97 crFY 2024-25
+18%2024–2025
561+0% 12 mo to Jun 2024LinkedIn · Jul 2026
33 yr1993
13postings · last posted Sep 2026

Accounting and financial management software

Finance & accounting tech
₹234.98 crFY 2024-25
+3%2024–2025
833LinkedIn · Jul 2026
26 yr2000
4postings · last posted Sep 2026

Portfolio management platform for individuals

Investment tech
₹219.81 crFY 2022-23
Not reported
269+0% 12 mo to Nov 2023LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Apr 2022

Online platform offering a range of fixed-income investment options and associated services

Investment tech
₹198.47 crFY 2024-25
-7%2024–2025
36+300% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Online platform offering business information and corporate data insights

Data as a service
₹191.70 crFY 2024-25
Not reported
31LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Online trading platform for multiple markets

Investment tech
₹178.78 crFY 2024-25
+79%2024–2025
5LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Agent-based payment solutions

Payments
₹154.25 crFY 2024-25
-11%2024–2025
1LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of trading and investment services across multiple asset classes

Investment tech
₹112.41 crFY 2022-23
+12%2022–2023
—Not available
17 yr2009
1postings · last posted Sep 2026

Cryptocurrency investment and trading platform

Cryptocurrencies
₹98.18 crFY 2024-25
+87%2024–2025
—Not available
23 yr2003
0none in 3 months

Online trading platform for stocks, mutual funds, and IPOs

Investment tech
₹89.38 crFY 2024-25
+131%2024–2025
3-40% 12 mo to Sep 2024recorded Sep 2024
17 yr2009
0none in 3 months

Developer of a platform offering personal loans

Alternative lending
₹78.75 crFY 2024-25
+35%2024–2025
145LinkedIn · Jul 2026
4 yr2022
9postings · last posted Sep 2026

Wealth management software product company

Investment tech
₹74.09 crFY 2024-25
+32%2024–2025
55+17% 12 mo to Mar 2024LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Online platform for investments in stocks

Investment tech
₹72.97 crFY 2024-25
Not reported
595-94% 12 mo to Jun 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Alternative investment platform focused on gold & bullion assets

Investment tech
₹69.70 crFY 2024-25
-96%2024–2025
—Not available
12 yr2014
0none in 3 months

Provider of AI-powered SaaS platform for automated credit risk assessment and decisioning

Banking tech
₹67.19 crFY 2024-25
+50%2024–2025
173LinkedIn · Jul 2026
11 yr2015
15postings · last posted Sep 2026

Digital platform offering recharge services for mobile, DTH, postpaid, and landline connections

Payments
₹62.14 crFY 2024-25
+63%2024–2025
—Not available
18 yr2008
0none in 3 months
50 of 650 companies shown here · the full list is on Radar
Fliar Radar

Explore all 650 fintech companies in Gujarat on Radar

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  • Every company, not just 50All 650 fintech companies in Gujarat, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore fintech companies in Gujarat by what you are looking for

Browse fintech companies in Gujarat, from payments and lending to investment platforms and accounting software. Find fintech startups in Gujarat by the financial service you are looking for.

9 ways to explore fintech in Gujarat

Investment, trading & wealth management platformsAccounting, tax & finance software companiesPayment gateway & digital payment companiesDigital lending & loan companiesBanking & insurance technology companiesCryptocurrency & blockchain companies

Investment, trading & wealth management platforms

Online trading, mutual fund, wealth management and commodities platforms.

  1. Amrapali Spot

    App-based online trading platform for gold & silver trading for individuals

    Investment tech
    See in list
  2. PRITAM SPOT

    App-based platform for trading in gold

    Investment tech
    See in list
  3. Arham

    Online investment and trading platform for stock derivatives, commodities, forex, and IPOs

    Investment tech
    See in list
  4. NJ Wealth

    Wealth management products distributor network

    Investment tech
    See in list
  5. Monarch Networth Capital

    Trading platform focused on capital market assets

    Investment tech
    See in list

Accounting, tax & finance software companies

Accounting, invoicing, GST and tax filing software and finance automation.

  1. Cygnet One

    Accounting and financial management software

    Finance & accounting tech
    See in list
  2. Virmati Group

    Finance and Accounting Management for NGO's

    Finance & accounting tech
    See in list
  3. RKIT Software

    On-premise accounting suite

    Finance & accounting tech
    See in list
  4. NaapBooks

    Developer of Fintech applications and software solutions

    Finance & accounting tech
    See in list
  5. Microvista Technologies

    GST Return Filing Software

    Finance & accounting tech
    Website
164 companies in Gujarat

Payment gateway & digital payment companies

Payment gateways, bill payments, recharge and agent-based payment solutions.

  1. CCAvenue

    Provider of payment gateway solutions, invoice payments, and subscription management

    Payments
    See in list
  2. Infibeam Avenues

    Provider of digital payment solutions and enterprise software platforms globally

    Payments
    See in list
  3. Specific Step

    Agent-based payment solutions

    Payments
    See in list
  4. Nirmal Recharge

    Digital platform offering recharge services for mobile, DTH, postpaid, and landline connections

    Payments
    See in list
  5. Shree Navrang Telelink

    Agent-based payment solutions for businesses

    Payments
    See in list

Digital lending & loan companies

Online lenders, business and personal loan platforms and trade financing.

  1. Lendingkart

    Provider of unsecured business loans and working capital financing to MSMEs

    Alternative lending
    See in list
  2. Chinmay Finlease

    Developer of a platform offering personal loans

    Alternative lending
    See in list
  3. Vayana TradeXchange

    Online platform for trade financing

    Alternative lending
    See in list
  4. Egniol

    Provider of MSME business loan consultancy and financial services

    Marketing services
    See in list
  5. IBL Finance

    App-based lending solution for personal loans

    Alternative lending
    See in list

Banking & insurance technology companies

Core banking, account aggregation, insurance and claims technology.

  1. AutoBank

    Cloud-based core banking solution provider

    Banking tech
    Website
  2. awaaz.ai

    Provider of multilingual voice AI agents for customer service

    Customer service software
    Website
  3. WIMWIsure

    AI-based P&C insurance claims processing platform for insurers

    Insurance it
    Website
  4. Tuzzin

    Provider of banking technology solutions and products

    Banking tech
    Website
  5. Zybra

    Provider of accounting software service for SMEs

    In store retail tech
    Website

Cryptocurrency & blockchain companies

Crypto exchanges, NFTs and blockchain infrastructure.

  1. Krida

    Blockchain-based fantasy sports platform

    Pc & console gaming
    Website
  2. Lemma

    DeFi protocol that allows users to earn yield on deposits

    Cryptocurrencies
    Website
  3. Texochat

    Blockchain-based messaging app for crypto community

    Cryptocurrencies
    Website
  4. Stable Pay

    Blockchain-powered digital money transfer platforms

    Cryptocurrencies
    Website
  5. PurpleX

    Blockchain-based platform focused on enabling seamless crypto-to-fiat transactions

    Cryptocurrencies
    Website

KYC, regtech & financial data companies

Identity verification, compliance software and financial market data providers.

  1. Mantra Softech

    Biometrics-based security and surveillance solutions

    Regtech
    See in list
  2. Technowire

    Online platform offering business information and corporate data insights

    Data as a service
    See in list
  3. Finanvo.in

    Cloud based provider of private market datasets

    Data as a service
    See in list
  4. TechnoFunda Ventures

    Provider of equity research services to investors

    Investment tech
    Website
  5. CompData

    Online platform for the private market data

    Data as a service
    Website

Listed fintech companies in Gujarat

Publicly listed fintech companies.

  1. Amrapali Spot

    App-based online trading platform for gold & silver trading for individuals

    Investment tech
    See in list
  2. Infibeam Avenues

    Provider of digital payment solutions and enterprise software platforms globally

    Payments
    See in list
  3. Monarch Networth Capital

    Trading platform focused on capital market assets

    Investment tech
    See in list
  4. IBL Finance

    App-based lending solution for personal loans

    Alternative lending
    See in list
  5. Share Mart

    Online trading platform for Indian Exchanges

    Services for investment industry
    Website
7 companies in Gujarat

Fintech startups in Gujarat

Newer fintech companies founded in recent years.

  1. Vayana TradeXchange

    Online platform for trade financing

    Alternative lending
    See in list
  2. Solnce Energy

    Provider of end-to-end solar solutions and financing options

    Renewable energy tech
    See in list
  3. ClearDu

    Debt recovery company offering collection and recovery solutions

    Banking tech
    See in list
  4. Ignosis

    Provider of account aggregator infrastructure and AI-driven financial data

    Banking tech
    Website
  5. Switchpay

    Online bill payment platform for consumers

    Payments
    Website
205 companies in Gujarat
Mobile reach

Top 10 fintech apps from Gujarat

The most-installed Android apps published by fintech companies headquartered in Gujarat — 34.2M installs between them. 152 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

ZebPay: Bitcoin & Crypto App

by ZebPay

Installs8.9M
Rating3.38129K ratings
Installs, year on year+8%
Last updatedMay 2026
View on Google Play ↗
ZebPay: Bitcoin & Crypto App screenshot 1ZebPay: Bitcoin & Crypto App screenshot 2ZebPay: Bitcoin & Crypto App screenshot 3ZebPay: Bitcoin & Crypto App screenshot 4ZebPay: Bitcoin & Crypto App screenshot 5ZebPay: Bitcoin & Crypto App screenshot 6
2

Chinmay - Personal Loan App

by Chinmay Finlease

Installs5.0M
Rating—
Installs, year on year+63%
Last updatedJun 2026
View on Google Play ↗
Chinmay - Personal Loan App screenshot 1Chinmay - Personal Loan App screenshot 2Chinmay - Personal Loan App screenshot 3Chinmay - Personal Loan App screenshot 4Chinmay - Personal Loan App screenshot 5Chinmay - Personal Loan App screenshot 6
3

Easy Pay-Payment & Investment

by Easy Pay

Installs4.9M
Rating3.6726K ratings
Installs, year on year+6%
Last updatedMay 2026
View on Google Play ↗
Easy Pay-Payment & Investment screenshot 1Easy Pay-Payment & Investment screenshot 2Easy Pay-Payment & Investment screenshot 3Easy Pay-Payment & Investment screenshot 4Easy Pay-Payment & Investment screenshot 5
4

Kuberjee Agent: AEPS MATM App

by Kuberjee

Installs3.6M
Rating4.920K ratings
Installs, year on year+12%
Last updatedJun 2026
View on Google Play ↗
Kuberjee Agent: AEPS MATM App screenshot 1Kuberjee Agent: AEPS MATM App screenshot 2Kuberjee Agent: AEPS MATM App screenshot 3Kuberjee Agent: AEPS MATM App screenshot 4Kuberjee Agent: AEPS MATM App screenshot 5Kuberjee Agent: AEPS MATM App screenshot 6
5

Lenditt: Personal Loan App

by Lenditt

Installs3.1M
Rating—
Installs, year on year+47%
Last updatedJun 2026
View on Google Play ↗
Lenditt: Personal Loan App screenshot 1Lenditt: Personal Loan App screenshot 2Lenditt: Personal Loan App screenshot 3Lenditt: Personal Loan App screenshot 4Lenditt: Personal Loan App screenshot 5Lenditt: Personal Loan App screenshot 6
6

NJ E-Wealth Account

by NJ Technologies

Installs2.8M
Rating4.0914K ratings
Installs, year on year+32%
Last updatedMay 2026
View on Google Play ↗
NJ E-Wealth Account screenshot 1NJ E-Wealth Account screenshot 2NJ E-Wealth Account screenshot 3NJ E-Wealth Account screenshot 4NJ E-Wealth Account screenshot 5NJ E-Wealth Account screenshot 6
7

Lendingkart: Business Loan App

by Lendingkart

Installs2.5M
Rating—
Installs, year on year+13%
Last updatedMar 2026
View on Google Play ↗
Lendingkart: Business Loan App screenshot 1Lendingkart: Business Loan App screenshot 2Lendingkart: Business Loan App screenshot 3Lendingkart: Business Loan App screenshot 4Lendingkart: Business Loan App screenshot 5Lendingkart: Business Loan App screenshot 6
8

FundzBazar

by Fundzbazar

Installs1.3M
Rating4.2919K ratings
Installs, year on year+29%
Last updatedMay 2026
View on Google Play ↗
FundzBazar screenshot 1FundzBazar screenshot 2FundzBazar screenshot 3FundzBazar screenshot 4FundzBazar screenshot 5FundzBazar screenshot 6
9

IPO Premium - Apply & Info

by IPO Premium

Installs1.3M
Rating4.8217K ratings
Installs, year on year+52%
Last updatedMar 2026
View on Google Play ↗
IPO Premium - Apply & Info screenshot 1IPO Premium - Apply & Info screenshot 2IPO Premium - Apply & Info screenshot 3IPO Premium - Apply & Info screenshot 4IPO Premium - Apply & Info screenshot 5
10

Invoice Maker and Billing App

by Momobills

Installs642K
Rating4.459K ratings
Last updatedFeb 2026
View on Google Play ↗
Invoice Maker and Billing App screenshot 1Invoice Maker and Billing App screenshot 2Invoice Maker and Billing App screenshot 3Invoice Maker and Billing App screenshot 4Invoice Maker and Billing App screenshot 5Invoice Maker and Billing App screenshot 6
The business behind the activity

FinTech financials in Gujarat

Revenue, profit and growth from the filed annual accounts of 140 fintech companies in Gujarat for FY24-25 — 164 of the 650 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 92% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹39,378.59 cr

140 companies filing accounts

combined net profit₹739.14 cr

1.9% aggregate margin

are profitable69%

96 of 140 companies

median revenue~₹2.3 cr

the typical company

median revenue growth+19%

into FY24-25

earned by the top five92%

revenue concentration

Six-year view

Combined revenue of filing companies

₹15,947.70 crFY19-2084 filers
₹25,064.26 crFY20-2194 filers
₹37,368.87 crFY21-22109 filers
₹39,524.95 crFY22-23128 filers
₹39,864.21 crFY23-24140 filers
₹39,378.59 crFY24-25140 filers

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

Like-for-like

The same 114 companies over three years

+1%
FY22-23₹38,791.90 cr₹713.99 cr net
FY23-24₹39,790.14 cr₹1,195.49 cr net
FY24-25₹39,359.79 cr₹752.90 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 cr4747% profitable
₹1–10 cr5076% profitable
₹10–100 cr3080% profitable
₹100–1,000 cr989% profitable
Over ₹1,000 cr4100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking40
0–20%26
20–50%22
50–100%15
Doubled+27

130 companies with accounts for both years; median growth +19%.

Profitability

Profit is concentrated at the top

96profitable
44loss-making
1.9%aggregate margin
1.7%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
Yashasvi FinvestYASHASVI FINVEST PRIVATE LIMITED₹298.05 cr
Finanvo.inFINANVO SOLUTIONS PRIVATE LIMITED
ClearDuCLEARDU FINTECH PRIVATE LIMITED
IgnosisIGNOSI SYSTEMS PRIVATE LIMITED+152%₹10.48 cr
TechnowireTechnowire Data Science Limited+151%₹169.52 cr
Arham WealthARHAM WEALTH MANAGEMENT PRIVATE LIMITED+79%₹178.78 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Applied SoftwareApplied Software Private Limited45.9%₹74.09 cr
BhumikaBHUMIKA CONSULTANCY PRIVATE LIMITED44.7%₹35.23 cr
Monarch Networth CapitalMonarch Networth Capital Limited44.6%₹322.96 cr
Arham WealthARHAM WEALTH MANAGEMENT PRIVATE LIMITED39.6%₹178.78 cr
NaapBooksNAAPBOOKS LIMITED
Pure BrokingPURE BROKING PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Investment tech61₹34,233.99 cr~₹4.1 cr77%2.0%
Payments16₹4,092.32 cr~₹4.1 cr69%3.9%
Alternative lending11₹188.61 cr~₹2.6 cr64%-81.6%
Finance & accounting tech24₹102.38 cr~₹96 lakh58%6.0%
Banking tech5₹99.83 cr~₹10.5 cr40%-30.5%
Leaders

Largest fintech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Amrapali SpotAMRAPALI INDUSTRIES LIMITED₹25,682.97 cr₹1.65 cr0.0%-6%
PRITAM SPOTPRITAM BULLION PRIVATE LIMITED₹4,086.35 cr₹7.81 cr0.2%+39%
CCAvenueAVENUESAI LIMITED₹3,774.62 cr₹160.00 cr4.2%+27%
NJ WealthNJ INDIAINVEST PRIVATE LIMITED₹2,413.85 cr₹398.74 cr16.5%+27%
Mantra SoftechMANTRA SOFTECH (INDIA) PRIVATE LIMITED₹423.77 cr₹68.98 cr16.3%+11%
Monarch Networth CapitalMonarch Networth Capital Limited₹322.96 cr₹143.95 cr44.6%+19%
Yashasvi FinvestYASHASVI FINVEST PRIVATE LIMITED₹298.05 cr₹3.29 cr1.1%
IrageIrage Broking Services Llp₹232.31 cr₹36.38 cr15.7%+69%
TheFixedIncomeTECHWEALTH CAPITAL SERVICES PRIVATE LIMITED₹198.47 cr₹1.54 cr0.8%-7%
KIFS Trade CapitalKIFS TRADE CAPITAL PRIVATE LIMITED₹183.57 cr₹24.16 cr13.2%-59%
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

Fintech Industry Landscape of India

The financials above are one chapter. The full fintech landscape of Gujarat 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 fintech landscape of Gujarat
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

FinTech funding and M&A across India

4,557 recorded equity rounds have gone to 14,968 fintech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Gujarat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months120

US$1.27bn

equity rounds, last 24 months412

US$3.27bn

raised over five yearsUS$19.15bn

2,304 rounds in India

M&A deals, Gujarat5

last 24 months

Capital by year

Equity funding into fintech in India

amount rounds
$1.7bn2018319
$3.3bn2019387
$2.2bn2020384
$7.2bn2021621
$4.5bn2022610
$2.4bn2023371
$2.2bn2024362
$2.1bn2025276
$751m202664

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$7.17bn across 621 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$107.60m335 rounds · median US$123k
SeedUS$1.55bn1,218 rounds · median US$657k
Series AUS$3.10bn337 rounds · median US$5.00m
Series BUS$2.74bn173 rounds · median US$10.00m
Series CUS$3.58bn89 rounds · median US$30.00m
Series D+US$8.05bn149 rounds · median US$20.00m
Where the money went · five years

Most-funded sub-sectors

PaymentsUS$4.90bn273 rounds · 124 companies
Alternative lendingUS$4.87bn515 rounds · 228 companies
Investment techUS$2.37bn555 rounds · 256 companies
Banking techUS$1.21bn197 rounds · 106 companies
Internet first insurance platformsUS$1.06bn67 rounds · 32 companies
CryptocurrenciesUS$669.89m65 rounds · 46 companies
Auto e-commerce & contentUS$451.63m28 rounds · 10 companies
Corporate activity · last 24 months

M&A in Gujarat

5Acquisition

Most active acquirers

  1. Rediff.com1
  2. Fullerton1
  3. Monarch networth capital1
  4. Confiance1
  5. Temasek’s Fullerton1

Most acquired or merged

  1. Lendingkart2
  2. Infibeam avenues1
  3. Metropolitan Stock Exchange of India Limited1
  4. Meru accounting1

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

Go deeper in the fintech landscape reports:

Fintech Industry Landscape of India

FinTech funding in Gujarat

32 fintech companies in Gujarat have recorded equity funding, US$346.96m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Gujarat

Meet the people behind fintech companies in Gujarat. 271 of 650 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Gujarat fintech companies by sub-sector

The most common specialisations among fintech companies in Gujarat. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring fintech in India and nearby markets.

Coming soon