Company lists
The Indore edition · 2026

FinTechcompanies in Indore

Trading & investing, research & advisory, payments, accounting & tax, lending and more: the companies building fintech in Indore, Madhya Pradesh, with their founders, funding, team size and business models.

105 company profiles28 with reported revenue7 with recorded fundingOctober 2026 edition
Indore · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 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: 269 funding rounds · 229 M&A deals · 144 launches · 130 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

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

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 · 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

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 · 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 · 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

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 · 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 Indore, by revenue

Browse fintech companies in Indore by reported revenue, one-year revenue growth, revenue model, age and stage. The 28 companies below are the largest by their most recent reported revenue among 28 fintech companies in Indore, Madhya Pradesh 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 28

Provider of banking and financial services for last mile transactions

Payments
₹148.21 crFY 2024-25
+9%2024–2025
76+25% 12 mo to Sep 2024LinkedIn · Oct 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Online accounting software

Finance & accounting tech
₹61.41 crFY 2024-25
+7%2024–2025
3-10% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Online marketplace to buy and sell unlisted, Pre-IPO, and delisted shares

Investment tech
₹33.92 crFY 2024-25
+272%2024–2025
—Not available
19 yr2007
0none in 3 months

Online platform for trading in gold, equities, stocks, currency, and derivatives

Investment tech
₹18.74 crFY 2024-25
+6%2024–2025
63+81% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Jul 2026

Fintech company providing mutual fund robo advisor solutions

Investment tech
₹14.75 crFY 2024-25
+47%2024–2025
155LinkedIn · Oct 2026
20 yr2006
0none in 3 months · last posted Jul 2021

Discount broking platform

Investment tech
₹7.31 crFY 2024-25
+3%2024–2025
142+12% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Financial market research and advisory services

Data as a service
₹6.43 crFY 2023-24
Not reported
588+13% 12 mo to Jun 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months · last posted Jun 2026

Provider of financial solutions for green initiatives

Alternative lending
₹5.46 crFY 2024-25
+10%2024–2025
5LinkedIn · Jul 2026
2 yr2024
0none in 3 months

Provider of real estate co-investment opportunities and wealth advisory services

Investment tech
₹4.30 crFY 2024-25
+9726%2024–2025
98LinkedIn · Jul 2026
3 yr2023
0none in 3 months · last posted Jul 2026

Platform offering data collection and visualization solutions

Grc software
₹4.17 crFY 2024-25
-30%2024–2025
21-67% 12 mo to May 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months · last posted Apr 2021

Crypto exchange, trading, & lending solutions for crypto businesses

Cryptocurrencies
₹2.96 crFY 2024-25
+154%2024–2025
59LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jul 2024

SaaS-based payout processing software for businesses

Finance & accounting tech
₹2.39 crFY 2024-25
+338%2024–2025
40LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Online billing and invoice tracking software

Finance & accounting tech
₹2.23 crFY 2024-25
+53%2024–2025
1LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Online platform offering financial services

Finance & accounting tech
₹1.74 crFY 2024-25
+75%2024–2025
—Not available
10 yr2016
0none in 3 months · last posted Jul 2026

Online tax filing services for consumers and businesses

Finance & accounting tech
₹1.22 crFY 2024-25
+866%2024–2025
17LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted May 2026

Business software solutions

Finance & accounting tech
₹85.63 lakhFY 2024-25
+28%2024–2025
11LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Online investment advisory for stock market

Investment tech
₹47.70 lakhFY 2024-25
+151%2024–2025
—Not available
10 yr2016
0none in 3 months

Provider of FinOps solutions for tax compliance and financial management

Finance & accounting tech
₹24.99 lakhFY 2024-25
Not reported
—Not available
11 yr2015
0none in 3 months

Portfolio management solutions for mutual fund advisors

Investment tech
₹22.92 lakhFY 2024-25
-71%2024–2025
4LinkedIn · Oct 2026
8 yr2018
0none in 3 months

Multi-industry ERP software provider

Enterprise resource planning
₹22.75 lakhFY 2024-25
-17%2024–2025
8LinkedIn · Jul 2026
7 yr2019
1postings · last posted Aug 2026

AI-based cash flow analysis, tax harvesting advice, and investment insights for businesses

Finance & accounting tech
₹13.78 lakhFY 2024-25
-62%2024–2025
5LinkedIn · Jul 2026
5 yr2021
0none in 3 months

App-based lead marketplace

Alternative lending
₹10.99 lakhFY 2024-25
-37%2024–2025
—Not available
5 yr2021
0none in 3 months

Provider of investment advisory services

Investment tech
₹7.64 lakhFY 2024-25
Not reported
—Not available
3 yr2023
0none in 3 months

Online financial planning & advisory platform for mutual funds, savings, retirement, and investments

Investment tech
₹4.51 lakhFY 2024-25
+34%2024–2025
3LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of loan brokerage services

Service providers to banks
₹4.36 lakhFY 2024-25
+60%2024–2025
17LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted May 2026
28 of 105 companies shown here · the full list is on Radar
Fliar Radar

Explore all 105 fintech companies in Indore on Radar

This page shows the top 28. Radar has the complete, filterable list with contacts and live company signals.

Open fintech in Indore on Radar
  • Every company, not just 50All 105 fintech companies in Indore, 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.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore fintech companies in Indore by what you are looking for

Browse top fintech companies in Indore, from online trading and investment platforms to payments and accounting software. You can also find fintech startups in Indore and companies that are hiring.

8 ways to explore fintech in Indore

Online trading & investment platformsEquity research & financial advisory companiesPayment companies & bill payment platformsAccounting, billing & tax filing softwareLoan & alternative lending companiesBanking technology & cryptocurrency companies

Online trading & investment platforms

Stock broking, trading and wealth management platforms.

  1. WWIPL

    Online marketplace to buy and sell unlisted, Pre-IPO, and delisted shares

    Investment tech
    See in list
  2. Mandot Securities

    Online platform for trading in gold, equities, stocks, currency, and derivatives

    Investment tech
    See in list
  3. TradingBells

    Discount broking platform

    Investment tech
    See in list
  4. MoneyPlant Research

    Online investment advisory for stock market

    Investment tech
    See in list
  5. Wealth Elite

    Portfolio management solutions for mutual fund advisors

    Investment tech
    See in list

Equity research & financial advisory companies

Market research, trading advice and robo-advisory providers.

  1. CapitalVia

    Financial market research and advisory services

    Data as a service
    See in list
  2. MoneyPlant Research

    Online investment advisory for stock market

    Investment tech
    See in list
  3. SignalZ

    Provider of investment advisory services

    Investment tech
    See in list
  4. Kniru

    Online platform offering AI-enabled financial robo-advisory for individuals

    Investment tech
    See in list
  5. OptionBox

    Online platform offering a set of advanced tools for options trading

    Investment tech
    Website

Payment companies & bill payment platforms

Payment solutions for businesses and consumers, including bill payments.

  1. FingPay

    Provider of banking and financial services for last mile transactions

    Payments
    See in list
  2. Quintus Tech

    SaaS-based payout processing software for businesses

    Finance & accounting tech
    See in list
  3. FidyPay

    Provider of payment solutions for businesses

    Banking tech
    Website
  4. InDhanPay

    Provider of a platform for fuel station payment and management

    Payments
    Website
  5. Voso Store

    Provider of online bill payment solutions

    Payments
    Website

Accounting, billing & tax filing software

Online accounting, invoicing and tax filing tools for businesses.

  1. Giddh

    Online accounting software

    Finance & accounting tech
    See in list
  2. Chittragupta

    Online billing and invoice tracking software

    Finance & accounting tech
    See in list
  3. Filing Buddy

    Online platform offering financial services

    Finance & accounting tech
    See in list
  4. PAPER TAX

    Online tax filing services for consumers and businesses

    Finance & accounting tech
    See in list
  5. Merrchant

    Business software solutions

    Finance & accounting tech
    See in list

Loan & alternative lending companies

Online lenders, loan marketplaces and lending technology providers.

  1. C2Z Finance

    Provider of financial solutions for green initiatives

    Alternative lending
    See in list
  2. Oyu Infotech

    Multi-industry ERP software provider

    Enterprise resource planning
    See in list
  3. Finnov India

    App-based lead marketplace

    Alternative lending
    See in list
  4. Rokadda

    Provider of loan brokerage services

    Service providers to banks
    See in list
  5. Finodaya Capital

    Provider of secured business loans to micro and nano entrepreneurs

    Alternative lending
    Website

Banking technology & cryptocurrency companies

Banking technology providers and crypto exchange and blockchain developers.

  1. FingPay

    Provider of banking and financial services for last mile transactions

    Payments
    See in list
  2. Ment Tech

    Crypto exchange, trading, & lending solutions for crypto businesses

    Cryptocurrencies
    See in list
  3. FidyPay

    Provider of payment solutions for businesses

    Banking tech
    Website
  4. Finnov Partner

    App-based correspondent banking solution for businesses

    Banking tech
    Website
  5. Scofit

    Credit repair application for businesses

    Banking tech
    Website

Fintech startups in Indore

Newer fintech companies founded in recent years.

  1. Micro Mitti

    Provider of real estate co-investment opportunities and wealth advisory services

    Investment tech
    See in list
  2. Quintus Tech

    SaaS-based payout processing software for businesses

    Finance & accounting tech
    See in list
  3. Shootih

    AI-based cash flow analysis, tax harvesting advice, and investment insights for businesses

    Finance & accounting tech
    See in list
  4. Finnov India

    App-based lead marketplace

    Alternative lending
    See in list
  5. SignalZ

    Provider of investment advisory services

    Investment tech
    See in list
34 companies in Indore

Fintech companies hiring in Indore

Fintech companies with open roles right now.

  1. FingPay

    Provider of banking and financial services for last mile transactions

    Payments
    See in list
  2. Mandot Securities

    Online platform for trading in gold, equities, stocks, currency, and derivatives

    Investment tech
    See in list
  3. REDVision Technologies

    Fintech company providing mutual fund robo advisor solutions

    Investment tech
    See in list
  4. CapitalVia

    Financial market research and advisory services

    Data as a service
    See in list
  5. Micro Mitti

    Provider of real estate co-investment opportunities and wealth advisory services

    Investment tech
    See in list
15 companies in Indore
Mobile reach

Top 10 fintech apps from Indore

The most-installed Android apps published by fintech companies headquartered in Indore — 3.3M installs between them. 22 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

IPO Ji: Apply IPO & Allotment

by IPO Ji

Installs1.8M
Rating4.7842K ratings
Last updatedMay 2026
View on Google Play ↗
IPO Ji: Apply IPO & Allotment screenshot 1IPO Ji: Apply IPO & Allotment screenshot 2IPO Ji: Apply IPO & Allotment screenshot 3IPO Ji: Apply IPO & Allotment screenshot 4IPO Ji: Apply IPO & Allotment screenshot 5IPO Ji: Apply IPO & Allotment screenshot 6
2

Wealth Elite

by Wealth Elite

Installs589K
Rating4.798K ratings
Installs, year on year+30%
Last updatedJun 2026
View on Google Play ↗
Wealth Elite screenshot 1Wealth Elite screenshot 2Wealth Elite screenshot 3Wealth Elite screenshot 4Wealth Elite screenshot 5Wealth Elite screenshot 6
3

My Portfolio

by IFA Planet

Installs548K
Rating4.135K ratings
Installs, year on year+27%
Last updatedMay 2026
View on Google Play ↗
My Portfolio screenshot 1My Portfolio screenshot 2My Portfolio screenshot 3My Portfolio screenshot 4
5

Cooperative Bank

by FidyPay

Installs82K
Rating—
Last updatedMar 2024
View on Google Play ↗
Cooperative Bank screenshot 1Cooperative Bank screenshot 2Cooperative Bank screenshot 3Cooperative Bank screenshot 4Cooperative Bank screenshot 5
7

Tradingo - Stocks, Investments

by Tradingo

Installs39K
Rating—
Last updatedMay 2026
View on Google Play ↗
Tradingo - Stocks, Investments screenshot 1Tradingo - Stocks, Investments screenshot 2Tradingo - Stocks, Investments screenshot 3Tradingo - Stocks, Investments screenshot 4Tradingo - Stocks, Investments screenshot 5Tradingo - Stocks, Investments screenshot 6
9

Chaitanya Digital Payments

by FingPay

Installs25K
Rating—
Last updatedApr 2026
View on Google Play ↗
Chaitanya Digital Payments screenshot 1Chaitanya Digital Payments screenshot 2Chaitanya Digital Payments screenshot 3Chaitanya Digital Payments screenshot 4Chaitanya Digital Payments screenshot 5Chaitanya Digital Payments screenshot 6
10

Signalz

by SignalZ

Installs15K
Rating—
Last updatedJun 2025
View on Google Play ↗
Signalz screenshot 1Signalz screenshot 2Signalz screenshot 3Signalz screenshot 4Signalz screenshot 5Signalz screenshot 6
The business behind the activity

FinTech financials in Indore

Revenue, profit and growth from the filed annual accounts of 28 fintech companies in Indore, Madhya Pradesh for FY24-25 — 29 of the 105 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₹311.42 cr

28 companies filing accounts

combined net profit₹18.13 cr

5.8% aggregate margin

are profitable64%

18 of 28 companies

median revenue~₹1.0 cr

the typical company

median revenue growth+8%

into FY24-25

earned by the top five89%

revenue concentration

Six-year view

Combined revenue of filing companies

₹120.62 crFY19-2015 filers
₹190.20 crFY20-2114 filers
₹252.65 crFY21-2218 filers
₹243.66 crFY22-2321 filers
₹259.40 crFY23-2423 filers
₹311.42 crFY24-2528 filers

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

Like-for-like

The same 19 companies over three years

+26%
FY22-23₹236.09 cr₹7.39 cr net
FY23-24₹251.18 cr₹8.44 cr net
FY24-25₹297.72 cr₹19.28 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 cr1450% profitable
₹1–10 cr967% profitable
₹10–100 cr4100% profitable
₹100–1,000 cr1100% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking7
0–20%5
20–50%3
50–100%3
Doubled+4

22 companies with accounts for both years; median growth +8%.

Profitability

Profit is concentrated at the top

18profitable
10loss-making
5.8%aggregate margin
3.0%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
WWIPLWEALTH WISDOM INDIA PRIVATE LIMITED+272%₹33.92 cr
REDVision TechnologiesREDVISION GLOBAL TECHNOLOGIES PRIVATE LIMITED+47%₹14.75 cr
FingPayTAPITS TECHNOLOGIES PRIVATE LIMITED+9%₹148.21 cr
GiddhWALKOVER WEB SOLUTIONS PRIVATE LIMITED+7%₹61.41 cr
Mandot SecuritiesMANDOT SECURITIES PRIVATE LIMITED+6%₹18.74 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
REDVision TechnologiesREDVISION GLOBAL TECHNOLOGIES PRIVATE LIMITED24.6%₹14.75 cr
FingPayTAPITS TECHNOLOGIES PRIVATE LIMITED8.0%₹148.21 cr
Mandot SecuritiesMANDOT SECURITIES PRIVATE LIMITED5.2%₹18.74 cr
GiddhWALKOVER WEB SOLUTIONS PRIVATE LIMITED3.4%₹61.41 cr
WWIPLWEALTH WISDOM INDIA PRIVATE LIMITED2.0%₹33.92 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Investment tech11₹79.82 cr~₹48 lakh73%5.9%
Finance & accounting tech7₹68.02 cr~₹1.2 cr57%3.4%
Leaders

Largest fintech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
FingPayTAPITS TECHNOLOGIES PRIVATE LIMITED₹148.21 cr₹11.88 cr8.0%+9%
GiddhWALKOVER WEB SOLUTIONS PRIVATE LIMITED₹61.41 cr₹2.07 cr3.4%+7%
WWIPLWEALTH WISDOM INDIA PRIVATE LIMITED₹33.92 cr₹68.76 lakh2.0%+272%
Mandot SecuritiesMANDOT SECURITIES PRIVATE LIMITED₹18.74 cr₹96.69 lakh5.2%+6%
REDVision TechnologiesREDVISION GLOBAL TECHNOLOGIES PRIVATE LIMITED₹14.75 cr₹3.62 cr24.6%+47%
TradingBellsTRADINGBELLS SECURITIES PRIVATE LIMITED₹7.31 cr₹25.41 lakh3.5%+3%
C2Z FinanceFIRST SOURCE ENERGY INDIA PRIVATE LIMITED₹5.06 cr₹46.11 lakh9.1%+4%
Micro MittiMICROMITTI REAL ESTATE VENTURES PRIVATE LIMITED₹4.30 cr−₹58.28 lakh-13.5%—
Anaxee TechnologiesANAXEE DIGITAL RUNNERS PRIVATE LIMITED₹4.17 cr−₹60.29 lakh-14.4%-30%
Ment TechMENT TECH LABS PRIVATE LIMITED₹2.96 cr₹4.52 lakh1.5%+154%
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 Indore 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 Indore
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 Indore compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months105

US$1.04bn

equity rounds, last 24 months391

US$3.21bn

raised over five yearsUS$19.15bn

2,304 rounds in India

M&A deals, India229

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

203Acquisition
25Merger
1Completed

Most active acquirers

  1. Bharti Airtel28
  2. Zaggle Prepaid Ocean Services23
  3. Veefin solutions7
  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.

Go deeper in the fintech landscape reports:

Fintech Industry Landscape of India

FinTech funding in Indore

7 fintech companies in Indore have recorded equity funding, US$21.62m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Indore

Meet the people behind fintech companies in Indore. 41 of 105 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Indore fintech companies by sub-sector

The most common specialisations among fintech companies in Indore. 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