Company lists
The India edition · 2026

FinTechcompanies in India

Payments, lending, investing & trading, accounting & tax, banking & insurance and more: the companies building fintech in India, with their founders, funding, team size and business models.

10,394 company profiles3,121 with reported revenue1,233 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent fintech business events in India

Funding, M&A, contract wins and launches involving 14,968 fintech companies in India, last 24 months: 272 funding rounds · 233 M&A deals · 148 launches · 133 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractMaintenance

Steag energy services · client: Bharat

STEAG Energy Services (India), a wholly-owned stepdown subsidiary of the Company has been awarded an order from Bharat Aluminium Company regarding '1740 MW Power Plant Operations and…

Infrastructure
FundingSeries Funding

Paytm

Digital payments major Paytm is looking at raising another round of funding of $1 billion, and is in discussion with multiple investors, including former UK Prime Minister David Cameron,…

Investors David Cameron
Digital payments
M&AAcquisition · Completed

Clayfin acquires Louie voice

Clayfin, a provider of digital banking and customer experience solutions for financial institutions, has acquired Louie Voice, providers of a voice banking platform that enables users to…

Voice banking platform
LaunchAI-powered Gold Purity Evaluation Machine

Augmont

Augmont has launched an AI-powered Gold Purity Evaluation Machine at its Poonamallee Gold Loan branch in Chennai, Tamil Nadu, as part of its efforts to digitize and streamline gold…

Gold Loan / Gold Assessment
M&AAcquisition · Announced

Scripbox acquires Bluechip Capital

Bengaluru, June 1, 2026 - Scripbox, one of India's leading wealth management firms, today announced the strategic acquisition of the mutual fund distribution business of Delhi-NCR-based…

Wealth management
M&AAcquisition · Completed

Elevation capital acquires One97 communications

Elevation Capital V Limited has made a sale of equity shares of One97 Communications Limited (parent company of PayTM) on the NSE and BSE for an aggregate consideration of ₹963.6 crore.

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

Oxyzo acquires GoldenPi Technologies

Oxyzo has approved the full acquisition of GoldenPi Technologies and its subsidiary GoldenPi Securities through a share-swap deal worth ₹42.4 crore (around $4.4 million).

Fixed-income investment platform
M&AAcquisition · Completed

Raise financial services acquires GreenLife Insurance Broking Private Limited

Raise Financial Services has acquired GreenLife Insurance Broking Private Limited in a cash-and-stock transaction, marking the company's entry into India's insurance distribution market.

Insurance
M&AAcquisition · Announced

Raise Financial acquires GreenLife Insurance

Raise Financial, parent of online stock broking platform Dhan, has acquired GreenLife Insurance, its third buyout in just over a year, marking its entry into insurance broking. The…

Insurance broking
M&AAcquisition · Completed

Raise financial services acquires GreenLife Insurance Broking

Raise Financial Services, the holding company of the stock trading platform Dhan, has recently acquired GreenLife Insurance Broking as part of its formal entry into the insurance…

Insurance
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
M&AAcquisition · Announced

Freo acquires Indialends

Freo has acquired digital lending marketplace IndiaLends in a strategic move that gives Freo full ownership of the company and significantly expands its fintech ecosystem.

Digital lending marketplace
M&AAcquisition · Completed

Pine labs acquires Shopflo Technologies

Obhan Mason, a leading law firm, was lead legal counsel to Pine Labs, a leading merchant commerce platform, on its acquisition of Shopflo Technologies, a SaaS-based online checkout…

SaaS-based online checkout platform
FundingSeries A

Oolka

AI-powered customer engagement startup Oolka led the segment with a Rs 130 crore Series A round, backed by Accel, Lightspeed, and Z47.

Investors Accel, Lightspeed, Z47
FundingSeries A

Oolka

Oolka has raised $14 million in a Series A funding round led by Accel, with participation from existing investors Lightspeed and Z47.

Investors Accel, Lightspeed, Z47, Vidit Aatrey
Digital Payments
M&AAcquisition · Announced

Pine labs acquires Shopflo

Pine Labs’ ₹88 crore acquisition of Shopflo

Fintech
FundingSeries A

Credilio

Fintech startup Credilio has raised ₹100 Cr (about $10.5 Mn) in its Series A funding round led by existing backer Cornerstone Ventures, with participation from Shepherd Hill, Roots…

Investors Cornerstone ventures, Shepherd Hill, Roots Ventures, ESV-Arthya AIF
Fintech
M&AAcquisition · Completed

String acquires Spacenet enterprises

Spacenet Enterprises India Limited has successfully completed the sale of equity shares in String Metaverse Limited through the offer for sale mechanism.

Metaverse
LaunchFintra

Aurionpro Solutions

"Aurionpro Solutions Limited has introduced Fintra, an artificial intelligence (AI)-native platform designed to automate trade finance workflows while retaining human oversight at key…

AI-powered trade finance platform
LaunchEMACH.ai Retail 6DX platform

Intellect design arena

Homegrown fintech solutions firm Intellect Design Arena Ltd on Thursday announced the deployment of its eMACH.ai Retail 6DX platform for OnCost, a Kuwait-based FMCG retailer, across its…

Retail Operations
LaunchIntegration with Banking Connect

Decentro

Decentro is ready to launch its integration with Banking Connect—the netbanking payment framework offered by NPCI Bharat BillPay Ltd— designed to simplify netbanking workflows while…

Netbanking payment integration
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
FundingRight issue

5paisa capital

Digital Investment Platform 5Paisa Capital has successfully completed its right issue of Rs 468.8 crore. The company’s right issue got a total of 1.24 times subscription. According to…

Fintech
LaunchAutonomous Customer Operations Platform

Talisma

Talisma has launched its latest platform, the Autonomous Customer Operations Platform, to ease AI adoption in financial services and education sectors.

Funding

GLAAS

Seasoned entrepreneur Devesh Sachdev has invested $5 million in GLAAS, an embedded credit platform for MSMEs, and joined the company as co-founder and Managing Director.

Investors Devesh Sachdev
Fintech
LaunchKonfir

Experian

Experian Experian, the global data and technology company, has announced the expansion of its verification capabilities in the UK with the addition of Konfir.

Verification
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
LaunchPayment Aggregator

Cred

Recently, CRED received a nod from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA), enabling the company to onboard merchants, collect payments on their behalf…

Payment service
Funding

M-pesa

Vodacom has invested $28m to upgrade technology for its M-Pesa platform in Tanzania.

Investors Vodacom
Fintech (Mobile Money)

FinTech companies in India, by revenue

Browse fintech companies in India 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 3,121 fintech companies in India 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

Online platform for trading in precious metals

Investment tech
₹37,198.47 crFY 2024-25
-2%2024–2025
394-3% 12 mo to Sep 2024recorded Sep 2024
18 yr2008
0none in 3 months

App-based platform for consumer bill payments

Payments
₹28,681.64 crFY 2024-25
-2%2024–2025
758-2% 12 mo to Aug 2024recorded Aug 2024
26 yr2000
0none in 3 months

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

Retailer of gold and silver bars and coins for investment

Investment tech
₹23,020.18 crFY 2024-25
+102%2024–2025
61+39% 12 mo to Sep 2024recorded Sep 2024
6 yr2020
0none in 3 months

Platform offering investment and wealth management solutions

Investment tech
₹21,476.70 crFY 2024-25
+27%2024–2025
—Not available
16 yr2010
0none in 3 months

App-based online trading platform for gold and silver

Investment tech
₹20,556.09 crFY 2024-25
+8%2024–2025
—Not available
17 yr2009
0none in 3 months

Price watchlist for bullion trading

Brokers and dealers
₹11,894.90 crFY 2024-25
+189%2024–2025
—Not available
19 yr2007
0none in 3 months

Online platform for investing in high yield bonds

Investment tech
₹9,062.92 crFY 2024-25
+133%2024–2025
—Not available
5 yr2021
0none in 3 months

Broker-based online trading and investment platform

Investment tech
₹8,868.21 crFY 2024-25
-11%2024–2025
1,124+13% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months · last posted Jun 2026

Provider of general and life insurance products across various categories

Internet first insurance platforms
₹8,219.52 crFY 2023-24
+40%2023–2024
3,146-82% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of lending solutions for consumers and enterprises

Alternative lending
₹8,083.02 crFY 2023-24
+41%2023–2024
—Not available
19 yr2007
87postings · last posted Sep 2026

Provider of online platform for payments, recharges, financial, and travel services

Payments
₹7,624.90 crFY 2024-25
-28%2024–2025
5,111-18% 12 mo to Jul 2024LinkedIn · Jul 2026
26 yr2000
122postings · last posted Sep 2026

Provider of a digital platform for buying, selling, and storing 24K gold

Investment tech
₹6,867.10 crFY 2024-25
Not reported
63+10% 12 mo to Sep 2024recorded Sep 2024
9 yr2017
3postings · last posted Sep 2026

Provider of digital payment processing services for online business transactions

Payments
₹5,596.51 crFY 2024-25
+22%2024–2025
1,675-45% vs previous recordrecorded
15 yr2011
9postings · last posted Sep 2026

Alternative investment platform for gold

Investment tech
₹5,568.76 crFY 2024-25
+240%2024–2025
267+22% 12 mo to Dec 2023LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Provider of an online platform offering insurance and lending products through its flagship brands

Internet first insurance platforms
₹5,384.94 crFY 2024-25
+41%2024–2025
106-53% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Precious metals investment platform for individuals

Investment tech
₹4,973.88 crFY 2024-25
+38%2024–2025
—Not available
3 yr2023
0none in 3 months

App-based brokerage stock trading platform

Investment tech
₹5,152.23 crFY 2025-26
-2%2025–2026
11,842+40% 12 mo to Sep 2024LinkedIn · Jul 2026
30 yr1996
17postings · last posted Sep 2026

App based wealth management solution

Investment tech
₹4,279.79 crFY 2023-24
+42%2023–2024
—Not available
39 yr1987
0none in 3 months

Online platform for insurance buyers, offering a wide range of life insurance and general insurance plans

Internet first insurance platforms
₹4,248.78 crFY 2024-25
+50%2024–2025
13,620+35% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
223postings · last posted Sep 2026

Integrated platform for wealth management and financial advisory

Investment tech
₹4,169.31 crFY 2024-25
+32%2024–2025
2,949+21% 12 mo to Aug 2024recorded Aug 2024
4 yr2022
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 an online platform for investments and trading services

Investment tech
₹4,061.64 crFY 2024-25
+45%2024–2025
3,092+2% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
9postings · last posted Sep 2026

Brokerage-based stock trading platform

Investment tech
₹3,915.00 crFY 2023-24
Not reported
7,959-94% 12 mo to Sep 2024LinkedIn · Jul 2026
32 yr1994
0none in 3 months · last posted Jun 2026
50 of 10,394 companies shown here · the full list is on Radar
Fliar Radar

Explore all 10,394 fintech companies in India on Radar

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

Open fintech in India on Radar
  • Every company, not just 50All 10,394 fintech companies in India, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore fintech companies in India by what you are looking for

Browse the top fintech companies in India, from payments and lending to trading, insurance and crypto platforms. Find fintech startups in India and a list of fintech companies in India by category.

9 ways to explore fintech in India

Payment companies & gatewaysDigital lending & loan companiesInvestment, trading & wealth management platformsAccounting, tax & finance software companiesBanking technology & insurtech companiesCrypto & blockchain companies

Payment companies & gateways

Digital payment, bill payment, wallet and payment gateway providers.

  1. Bijli Mitra

    App-based platform for consumer bill payments

    Payments
    See in list
  2. One97 Communications

    Provider of online platform for payments, recharges, financial, and travel services

    Payments
    See in list
  3. PayU

    Provider of digital payment processing services for online business transactions

    Payments
    See in list
  4. CCAvenue

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

    Payments
    See in list
  5. Razorpay

    Provider of payment and business banking solutions for enterprises

    Payments
    See in list

Digital lending & loan companies

Online lenders, personal and business loan platforms and credit providers.

  1. SMFG India Credit

    Provider of lending solutions for consumers and enterprises

    Alternative lending
    See in list
  2. SBI Card

    Provider of credit card services, including rewards, offers, and online payments

    Alternative lending
    Website
  3. DMI Finance

    Provider of personal loans, MSME loans, consumption loans, and electric vehicle loans

    Alternative lending
    See in list
  4. Credit Saison

    Provider of diverse financial products and lending solutions for businesses and individuals

    Alternative lending
    See in list
  5. Navi

    Provider of financial products including UPI, loans, insurance, and mutual funds

    Payments
    See in list

Investment, trading & wealth management platforms

Stock trading apps, mutual fund and wealth management platforms.

  1. MMTC-PAMP India

    Online platform for trading in precious metals

    Investment tech
    See in list
  2. Amrapali Spot

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

    Investment tech
    See in list
  3. Sovereign Global

    Platform offering investment and wealth management solutions

    Investment tech
    See in list
  4. Sanghavi Bullion

    Price watchlist for bullion trading

    Brokers and dealers
    See in list
  5. 24Carat Capital Markets

    Online platform for investing in high yield bonds

    Investment tech
    See in list

Accounting, tax & finance software companies

Accounting, invoicing, tax filing and expense management software.

  1. Zaggle

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

    Hrtech
    Website
  2. Tally Solutions

    Developer of business management software, taxation, accounting, and compliance solutions

    Enterprise resource planning
    Website
  3. Ramco

    Provider of enterprise resource planning, payroll, and logistics software solutions

    Enterprise resource planning
    Website
  4. ClearTax

    Provider of tax and financial solutions for individuals and businesses

    Finance & accounting tech
    Website
  5. FinIQ Consulting

    Treasury and wealth management solutions

    Banking tech
    Website

Banking technology & insurtech companies

Banking software, digital banks and online insurance platforms.

  1. Digit Insurance

    Provider of general and life insurance products across various categories

    Internet first insurance platforms
    See in list
  2. PB Fintech

    Provider of an online platform offering insurance and lending products through its flagship brands

    Internet first insurance platforms
    See in list
  3. Policybazaar

    Online platform for insurance buyers, offering a wide range of life insurance and general insurance plans

    Internet first insurance platforms
    See in list
  4. ACKO

    Provider of car, bike, health, life, and travel insurance policies

    Auto e-commerce & content
    See in list
  5. Unity Small Finance Bank

    Provider of personal, business, and inclusive banking services and products

    Banking tech
    See in list

Crypto & blockchain companies

Cryptocurrency exchanges, NFT platforms and blockchain infrastructure.

  1. CoinSwitch

    Broker-based online crypto trading and exchange platform

    Cryptocurrencies
    Website
  2. GARI

    Crypto-based social media platform

    Social platforms
    Website
  3. Guardian Link

    Decentralized protocol for NFT Commerce

    Pc & console gaming
    Website
  4. RentalCoins

    Online blockchain-based P2P aggregator for car rentals

    Cryptocurrencies
    Website
  5. Token Runway

    Online NFT collectibles based on celeberities

    Investment tech
    Website

Fintech startups in India

Recently founded fintech companies.

  1. 24Carat Capital Markets

    Online platform for investing in high yield bonds

    Investment tech
    See in list
  2. Unity Small Finance Bank

    Provider of personal, business, and inclusive banking services and products

    Banking tech
    See in list
  3. Jar

    Platform providing digital gold savings plans and online gold purchases

    Investment tech
    See in list
  4. Dexif

    Provider of fixed income investment products and credit solutions for India

    Investment tech
    See in list
  5. Centricity

    Digital private wealth management platform for individuals

    Investment tech
    Website
2602 companies in India

Fintech companies hiring in India

Fintech companies with open roles right now.

  1. Zerodha

    Broker-based online trading and investment platform

    Investment tech
    See in list
  2. SMFG India Credit

    Provider of lending solutions for consumers and enterprises

    Alternative lending
    See in list
  3. One97 Communications

    Provider of online platform for payments, recharges, financial, and travel services

    Payments
    See in list
  4. SafeGold

    Provider of a digital platform for buying, selling, and storing 24K gold

    Investment tech
    See in list
  5. PayU

    Provider of digital payment processing services for online business transactions

    Payments
    See in list
72 companies in India

Listed fintech companies in India

Publicly listed fintech companies.

  1. Amrapali Spot

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

    Investment tech
    See in list
  2. Digit Insurance

    Provider of general and life insurance products across various categories

    Internet first insurance platforms
    See in list
  3. One97 Communications

    Provider of online platform for payments, recharges, financial, and travel services

    Payments
    See in list
  4. SBI Card

    Provider of credit card services, including rewards, offers, and online payments

    Alternative lending
    Website
  5. PB Fintech

    Provider of an online platform offering insurance and lending products through its flagship brands

    Internet first insurance platforms
    See in list
79 companies in India
Mobile reach

Top 10 fintech apps from India

The most-installed Android apps published by fintech companies headquartered in India — 1575.5M installs between them. 1,829 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Paytm: Secure UPI Payments

by Paytm

Installs724.4M
Rating4.7723.8M ratings
Installs, year on year+15%
Last updatedMay 2026
View on Google Play ↗
Paytm: Secure UPI Payments screenshot 1Paytm: Secure UPI Payments screenshot 2Paytm: Secure UPI Payments screenshot 3Paytm: Secure UPI Payments screenshot 4Paytm: Secure UPI Payments screenshot 5Paytm: Secure UPI Payments screenshot 6
2

Navi: UPI, Payments, Insurance

by Navi

Installs178.6M
Rating4.475.6M ratings
Last updatedMay 2026
View on Google Play ↗
Navi: UPI, Payments, Insurance screenshot 1Navi: UPI, Payments, Insurance screenshot 2Navi: UPI, Payments, Insurance screenshot 3Navi: UPI, Payments, Insurance screenshot 4Navi: UPI, Payments, Insurance screenshot 5
3

Groww Stock, Mutual Fund, Gold

by Groww

Installs134.8M
Rating4.942.3M ratings
Installs, year on year+36%
Last updatedJun 2026
View on Google Play ↗
Groww Stock, Mutual Fund, Gold screenshot 1Groww Stock, Mutual Fund, Gold screenshot 2Groww Stock, Mutual Fund, Gold screenshot 3Groww Stock, Mutual Fund, Gold screenshot 4Groww Stock, Mutual Fund, Gold screenshot 5Groww Stock, Mutual Fund, Gold screenshot 6
4

Angel One: Stocks, Mutual Fund

by Angel One

Installs111.3M
Rating4.451.8M ratings
Last updatedMay 2026
View on Google Play ↗
Angel One: Stocks, Mutual Fund screenshot 1Angel One: Stocks, Mutual Fund screenshot 2Angel One: Stocks, Mutual Fund screenshot 3Angel One: Stocks, Mutual Fund screenshot 4Angel One: Stocks, Mutual Fund screenshot 5Angel One: Stocks, Mutual Fund screenshot 6
5

Khatabook Credit Account Book

by Khatabook

Installs96.2M
Rating4.39583K ratings
Installs, year on year+15%
Last updatedMay 2026
View on Google Play ↗
Khatabook Credit Account Book screenshot 1Khatabook Credit Account Book screenshot 2Khatabook Credit Account Book screenshot 3Khatabook Credit Account Book screenshot 4Khatabook Credit Account Book screenshot 5Khatabook Credit Account Book screenshot 6
6

Dhani: UPI, Cards & Bills

by Dhani

Installs93.4M
Rating3.692.0M ratings
Last updatedApr 2026
View on Google Play ↗
Dhani: UPI, Cards & Bills screenshot 1Dhani: UPI, Cards & Bills screenshot 2Dhani: UPI, Cards & Bills screenshot 3Dhani: UPI, Cards & Bills screenshot 4Dhani: UPI, Cards & Bills screenshot 5Dhani: UPI, Cards & Bills screenshot 6
7

CRED: Credit Cards, Bills, UPI

by CRED

Installs68.7M
Rating4.753.0M ratings
Installs, year on year+24%
Last updatedMay 2026
View on Google Play ↗
CRED: Credit Cards, Bills, UPI screenshot 1CRED: Credit Cards, Bills, UPI screenshot 2CRED: Credit Cards, Bills, UPI screenshot 3CRED: Credit Cards, Bills, UPI screenshot 4CRED: Credit Cards, Bills, UPI screenshot 5CRED: Credit Cards, Bills, UPI screenshot 6
8

FamApp by Trio: UPI & Card

by FamApp

Installs61.3M
Rating4.152.9M ratings
Last updatedJun 2026
View on Google Play ↗
FamApp by Trio: UPI & Card screenshot 1FamApp by Trio: UPI & Card screenshot 2FamApp by Trio: UPI & Card screenshot 3FamApp by Trio: UPI & Card screenshot 4FamApp by Trio: UPI & Card screenshot 5FamApp by Trio: UPI & Card screenshot 6
9

Kissht: Instant Personal Loans

by Kissht

Installs54.6M
Rating4.441.3M ratings
Installs, year on year+45%
Last updatedMay 2026
View on Google Play ↗
Kissht: Instant Personal Loans screenshot 1Kissht: Instant Personal Loans screenshot 2Kissht: Instant Personal Loans screenshot 3Kissht: Instant Personal Loans screenshot 4Kissht: Instant Personal Loans screenshot 5Kissht: Instant Personal Loans screenshot 6
10

super.money - UPI by Flipkart

by Super.Money

Installs52.2M
Rating4.372.2M ratings
Last updatedMay 2026
View on Google Play ↗
super.money - UPI by Flipkart screenshot 1super.money - UPI by Flipkart screenshot 2super.money - UPI by Flipkart screenshot 3super.money - UPI by Flipkart screenshot 4super.money - UPI by Flipkart screenshot 5super.money - UPI by Flipkart screenshot 6
The business behind the activity

FinTech financials in India

Revenue, profit and growth from the filed annual accounts of 2726 fintech companies in India for FY24-25 — 3,480 of the 10,394 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 38% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹359,149.64 cr

2726 companies filing accounts

combined net profit₹6,264.33 cr

1.7% aggregate margin

are profitable55%

1484 of 2726 companies

median revenue~₹2.8 cr

the typical company

median revenue growth+20%

into FY24-25

earned by the top five38%

revenue concentration

Six-year view

Combined revenue of filing companies

₹137,308.14 crFY19-201737 filers
₹138,643.18 crFY20-211969 filers
₹192,930.33 crFY21-222229 filers
₹252,052.72 crFY22-232525 filers
₹337,216.83 crFY23-242767 filers
₹359,149.64 crFY24-252726 filers

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

Like-for-like

The same 2148 companies over three years

+50%
FY22-23₹214,226.46 cr−₹131.28 cr net
FY23-24₹264,724.47 cr₹5,267.80 cr net
FY24-25₹320,353.16 cr₹1,060.69 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 cr98534% profitable
₹1–10 cr87358% profitable
₹10–100 cr63572% profitable
₹100–1,000 cr19077% profitable
Over ₹1,000 cr4381% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking793
0–20%446
20–50%413
50–100%305
Doubled+522

2479 companies with accounts for both years; median growth +20%.

Profitability

Profit is concentrated at the top

1484profitable
1237loss-making
1.7%aggregate margin
0.5%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
InCred MoneyAlpha Fintech Private Limited+898%₹49.74 cr
BeFiScBEFISC PRIVATE LIMITED₹13.45 cr
Ruloans FinancialRULOANS FINANCIAL SERVICES PRIVATE LIMITED
Yashasvi FinvestYASHASVI FINVEST PRIVATE LIMITED₹298.05 cr
IBR LiveIBRLIVE INDIA PRIVATE LIMITED+699%
ArthyaARTHYA WEALTH AND INVESTMENTS PRIVATE LIMITED+699%
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Decimal TechnologyDECIMAL TECHNOLOGIES PRIVATE LIMITED90.2%₹66.35 cr
3ADeal3A CAPITAL SERVICES LIMITED79.5%
KshemaKSHEMA HOLDINGS PRIVATE LIMITED78.1%₹15.02 cr
DocBoyzZAPFIN TEKNOLOGIES PRIVATE LIMITED72.9%
Prudent EquityPRUDENT EQUITY PRIVATE LIMITED69.0%
IndsecINDSEC SECURITIES AND FINANCE LTD₹37.38 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Investment tech855₹216,324.73 cr~₹2.2 cr60%4.5%
Payments360₹67,708.83 cr~₹3.8 cr53%-9.3%
Alternative lending404₹21,446.89 cr~₹4.7 cr46%6.8%
Banking tech219₹12,510.47 cr~₹7.8 cr62%3.6%
Internet first insurance platforms79₹7,058.03 cr~₹4.2 cr51%6.9%
Data as a service21₹2,884.61 cr~₹8.2 cr48%26.7%
Consumer and sme loans12₹2,818.86 cr~₹14.1 cr64%-1.3%
Hrtech16₹2,174.59 cr~₹3.2 cr44%-2.8%
Leaders

Largest fintech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
MMTC-PAMP IndiaMMTC - PAMP INDIA PRIVATE LIMITED₹37,210.28 cr₹65.77 cr0.2%-2%
Bijli MitraJAIPUR VIDYUT VITRAN NIGAM LIMITED₹28,681.64 cr−₹706.49 cr-2.5%-2%
Amrapali SpotAMRAPALI INDUSTRIES LIMITED₹25,682.97 cr₹1.65 cr0.0%-6%
AMS BullionSUSWANI JEWELLERS PRIVATE LIMITED₹23,020.18 cr₹21.37 cr0.1%+102%
Sovereign GlobalSOVEREIGN GLOBAL MARKETS PRIVATE LIMITED₹21,476.70 cr₹4.44 cr0.0%+27%
DP BullionsDP GOLD PRIVATE LIMITED₹20,556.09 cr₹6.44 cr0.0%+8%
Sanghavi BullionSANGHAVI BULLION PRIVATE LIMITED₹11,894.90 cr₹20.62 cr0.2%+189%
24Carat Capital Markets24CARAT CAPITAL MARKETS PRIVATE LIMITED₹9,062.92 cr₹2.25 cr0.0%+133%
ZerodhaZERODHA BROKING LIMITED₹8,834.45 cr₹4,231.60 cr47.9%-11%
SafeGoldDIGITAL GOLD INDIA PRIVATE LIMITED₹6,795.25 cr−₹10.67 cr-0.2%+11%
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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 India 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 India
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 India 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, India233

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 India

207Acquisition
25Merger
1Completed

Most active acquirers

  1. Bharti Airtel28
  2. Zaggle Prepaid Ocean Services23
  3. Veefin solutions10
  4. Na7
  5. Experian6

Most acquired or merged

  1. Bharti Airtel9
  2. One97 communications5
  3. Mobileware technologies4
  4. Stratzy3
  5. Na3

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

FinTech funding in India

1,233 fintech companies in India have recorded equity funding, US$28.28bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind fintech companies in India. 5,352 of 10,394 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India fintech companies by sub-sector

The most common specialisations among fintech companies in India. 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