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Radar · FinTech in Indore

Best FinTech Companies in Indore, India

The 62 best FinTech companies in Indore, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Micro Mitti.

62companies tracked
$21.4Mdisclosed funding
0unicorns
8have raised
Sector wealth & growth · validated company filings
$198,278median revenue
+18%median YoY growth
$93.9Bcombined revenue pool
4,820companies reporting

Biggest earners Axis Bank Limited ($16.6B, +30% YoY), Augmont Enterprises Limited ($7.7B, +90% YoY), Mmtc - Pamp India Private Limited ($4.3B, -2% YoY), Anant Wealth Consultants Private Limited ($3.4B)

FLIAR INTELLIGENCE · FINTECH × INDORE

Our analysis of 218 FinTech companies

$22.0b in tracked funding; 91% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2022.

218companies analysed
91%cloud-native stacks
2022funding peak (by rounds)
16unicorns
2017median founding year
67kcombined LinkedIn audience
67%of audience held by top 3
6companies hiring publicly (12 mo)

Ranked: Best FinTech companies in Indore

#CompanyRevenueDisclosed fundingLast roundEmployeesFoundedFounderRecent signals
1ArihantPlus
Online stock broker & share trading platform
$29M
FY2025
——2922021Satyartha Srivastava
CEO
—
2FingPay
Provider of banking and financial services for last mile transactions
$18M
FY2025
$4M74 mo ago50
50 → 65 (+30%)
2016Anuraag Agrawal
Co-Founder and CTO
1 job opening · 2 launchs
3Giddh
Online accounting software
$7M
FY2025
——742012—1 launch
4Mandot Securities
Online platform for trading in gold, equities, stocks, currency, and derivatives
$2M
FY2025
——1162014Rajesh Mandot
Co-Founder & Director
—
5REDVision Technologies
Fintech company providing mutual fund robo advisor solutions
$2M
FY2025
$4M19 mo ago—2006Abhishek Parihar
Co-Founder & CFO
1 launch
6FidyPay
Provider of payment solutions for businesses
$1M
FY2024
$64K17 mo ago332012Arif Manji
Chairman & Founder
—
7Jambopay Express
Omnichannel platform
$1M
FY2024
——332013Manan Dixit
Co-Founder & CEO
—
8TradingBells
Discount broking platform
$865K
FY2025
$296K114 mo ago1422016Amit Gupta
Founder & CEO
—
9CapitalVia
Financial market research and advisory services
$777K
FY2024
——1032005Swapnil Gautam
CEO
1 job opening · 1 internship
10FintastIQ
AI-based robo advisory & investment management platform
$777K
FY2024
——112019Prem Prakash
Founder & CEO
—
11C2Z Finance
Provider of financial solutions for green initiatives
$646K
FY2025
———2024Saumya Gupta
Co-Founder & COO
—
12Micro Mitti
Provider of real estate co-investment opportunities and wealth advisory services
45Growth top 32%Tech top 43%Moat bottom 49%Talent bottom 49%
All 10 signals ▾
Growthtop 32%
Techtop 43%
Moatbottom 49%
Talentbottom 49%
Fundingbottom 48%
Fin. healthbottom 47%
Marketbottom 41%
Productbottom 40%
Globalbottom 30%
Newsbottom 18%
Growth: Revenue +9726% YoY · Web rank 5,000,000 → 1,000,000 YoY
Tech: 43 technologies across 4/8 capability areas · Cloud: Cloudflare
rank vs industry peers · Fliar Intelligence Index 45/100
$509K
FY2025
$10M17 mo ago—2023Manoj Dhanotiya
Founder & CEO
—
13Anaxee Technologies
Platform offering data collection and visualization solutions
$494K
FY2025
$365K75 mo ago12007——
14Hello Policy
Online insurance comparison platform for individuals
$401K
FY2025
———2017Sunil Nyati
Managing Director
—
15Chittragupta
Online billing and invoice tracking software
$263K
FY2025
———2014Dewang Goyal
Founder
—

Top 8 FinTech companies in Indore

#1
Seed · Indore, Madhya Pradesh · founded 2023
$10.4Mraised
▾

Provider of real estate co-investment opportunities and wealth advisory services. The company enables individuals to co-own real estate assets. It offers a platform for investors to build wealth through structured real estate investments. The company facilitates investment opportunities with legal and financial due diligence. It provides a mobile application for investors to monitor and manage their investments.

Fliar Intelligence Index™ 45how this company ranks against its industry peers
Growth
top 32%
Tech
top 43%
Moat
bottom 49%
Talent
bottom 49%
Funding
bottom 48%
Fin. health
bottom 47%
Growth: Revenue +9726% YoY · Web rank 5,000,000 → 1,000,000 YoY · Fresh capital in last 24 mo
Tech: 43 technologies across 4/8 capability areas · Cloud: Cloudflare · Observability: Microsoft Clarity
Moat: Top 39% by revenue among 1429 tracked Investment Tech companies · Editorial + unicorn rating 1/10 · 9 curated direct competitors tracked
Audience (LinkedIn): 13k LinkedIn followers — 19.6% of this cohort's audience
Funding rounds
  • Jan 2025Seed$10.4M
Founders & team
Manoj DhanotiyaFounder & CEO
Tech stack
Apache Http ServerCloudflareCloudflare Bot ManagementCore-JsElementorEssential Addons For Elementor
#2
Seed · Indore, Madhya Pradesh · founded 2024
$2.5Mraised
▾

Provider of secured business loans to micro and nano entrepreneurs. They offer working capital, business expansion, and equipment or inventory financing. Loans are secured with property as collateral, accepting both residential and commercial properties. The process includes eKYC, eSign, bureau checks, and PAN verification.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 7k LinkedIn followers — 10.5% of this cohort's audience
Hiring: 3 hiring posts in 12 mo (public) · momentum +3 · hiring: Sales Officer – Field Sales, Sales Officer (Field Sales)
Funding rounds
  • Apr 2025Seed$2.5M
Founders & team
Lokendra TomarCo-Founder & DirectorNeeraj BiyaniCo-Founder & Executive DirectorAbhitabh DixitCo-Founder & CEO
Investors
Gemba Capital, White Venture Capital
Tech stack
Apache Http ServerBootstrapChart.JsContact Form 7Font AwesomeGoogle Analytics
#3
Series A · Indore, Madhya Pradesh · founded 2006
$4Mraised
▾

Fintech company providing mutual fund robo advisor solutions. It is a fintech company offering wealth and mutual fund robo advisor platform. The features include checking and creating KYC, track client portfolios and achievements, income tax estimators, client onboarding, generate leads, and more.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 9k LinkedIn followers — 13.9% of this cohort's audience
Activity: 1 product launches announced in 12 mo
Funding rounds
  • Nov 2024Series A$4M
Founders & team
Abhishek PariharCo-Founder & CFO
Tech stack
Animate.CssBootstrapBootstrap IconsCdnjsCloudflareCloudflare Bot Management
#4
Seed · Indore, Madhya Pradesh · founded 2012 · 33 employees
$64.4Kraised
▾

Provider of payment solutions for businesses. The platform enables merchants to provide services including AEPS, BBPS, mobile recharges, electricity bills, water bills, remittance and ticketing to the customers. It also provides API banking, customized POS solutions, and more.

Funding rounds
  • Jan 2025Angel$256K
  • Jun 2021Angel$64.4K
  • Dec 2017Angel—
Founders & team
Arif ManjiChairman & FounderManan DixitCo-Founder & CEO
Investors
Ram Pathade, Vinayak Narayan, Meghana Verulkar, Bhumika Rupani, Vindya M Narsian, Jayant Kumar
Tech stack
Apache TomcatJavaJqueryJquery Cdn
#5
Series A · Indore, Madhya Pradesh · founded 2016 · 50 employees
$3.7Mraised
▾

Provider of banking and financial services for last mile transactions. The company offers enterprise solutions for cashless operations and paperless processes. It empowers merchants to provide assisted financial services. These services include AEPS, micro ATM, mini statements, and corporate cash deposits. The company also provides digital EMI collection, cash management solutions, and user onboarding.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 6k LinkedIn followers — 8.2% of this cohort's audience
Hiring: 1 hiring post in 12 mo (public)
Activity: 2 product launches announced in 12 mo
Funding rounds
  • Mar 2020Series A$3.6M
  • Feb 2018Seed$154.2K
Founders & team
Anuraag AgrawalCo-Founder and CTOPratyush HalenCo-Founder & CEO
Investors
IvyCap Ventures, ICICI Bank, Palava Accelerator, Zone Startups India
Tech stack
AstraCloudflareCore-JsElementorJqueryJquery Migrate
#6
Seed · Indore, Madhya Pradesh · founded 2007 · 1 employees
$365.1Kraised
▾

Platform offering data collection and visualization solutions. It offers a web interface that allows organizing data points into different categories and customizing data representation as per the need of the individual client. It allows tracking of the progress of the user project on a real time basis.

Funding rounds
  • Mar 2020Seed—
  • Jul 2019Seed$51.2K
  • Nov 2018Seed$127.6K
  • Jun 2018Seed$89.4K
Investors
LetsVenture, Keiretsu Forum, Swan Finance, Orios Venture Partners, Adarsha Global, Beyond Key Systems
Tech stack
BootstrapCdnjsCloudflareContact Form 7Font AwesomeGoogle Analytics
#7
Seed · Indore, Madhya Pradesh · founded 2016 · 142 employees
$296.3Kraised
▾

Tradingbells is an online stock and commodity broking platform. The platform can be accessed through desktop, browser, or mobile. Investors can also avail funding for buying stocks and loan against shares through the platform. As of Dec 2016, offers zero brokerage on delivery based transactions and lower of INR 20 or 0.01% of the turnover per executed order for intraday and F&O transactions.

Funding rounds
  • Dec 2016Seed$296.3K
Founders & team
Amit GuptaFounder & CEO
Investors
Swastika
Tech stack
Apache Http ServerBitrix24BootstrapCloudflareCloudflare Bot ManagementCore-Js
#8
Seed · Indore, Madhya Pradesh · founded 2022 · 7 employees
—raised
▾

Online platform offering a set of advanced tools for options trading. It includes dynamic adjustment (PlanB), strategy discovery, and options chain analytics. It features strategy builder, data analytics, real-time data analysis, and historical performance analysis.

Funding rounds
  • 2022Seed—
Founders & team
Rubal JhavarCo-Founder
Investors
Onnivation
Tech stack
BootstrapUnpkgSwiperMetismenuJquery

Funding & investor landscape

$21.4Mtotal disclosed funding
7companies funded
13disclosed rounds
0rounds last 90 days
Most active investors
Adarsh Global2 rounds
Adarsha Global1 rounds
Beyond Key Systems1 rounds
Commonwealth Inclusive Growth Services1 rounds
Ecosystem Ventures1 rounds
Gemba Capital1 rounds
ICICI Bank1 rounds
IvyCap Ventures1 rounds
Keiretsu Forum1 rounds
LetsVenture1 rounds

Notable founders

Manoj Dhanotiya
Founder & CEO · Micro Mitti
Lokendra Tomar
Co-Founder & Director · Finodaya Capital
Neeraj Biyani
Co-Founder & Executive Director · Finodaya Capital
Abhishek Parihar
Co-Founder & CFO · REDVision Technologies
Arif Manji
Chairman & Founder · FidyPay
Manan Dixit
Co-Founder & CEO · FidyPay
Anuraag Agrawal
Co-Founder and CTO · FingPay
Pratyush Halen
Co-Founder & CEO · FingPay
Amit Gupta
Founder & CEO · TradingBells
Rubal Jhavar
Co-Founder · OptionBox
Prism market signals · India · country-scoped Prism corpus, 1,043,046 docs

Market landscape — 10 sub-themes by coverage

Share of FinTech coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · India

How research on Fintech is moving in India

A read on the academic research around Fintech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 1,335 India-affiliated papers.

research sentiment over time
201920232026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and softening — the enthusiastic (strongly-positive) share moved 51% → 44% across 2019–2026.
top research entities
  • G.S. Science, Arts And Commerce College118
  • Jain University37
  • Amity University37
  • Symbiosis International University34
  • Mangalore University29
leading researchers
Sachin Shankar Jadhav · Divya Soni · Sakshi Thite · Kare, Dipak Nivrutti · Zagade, Sunil · Dr. Rashmi Akshay Yadav · Archana Digvijay Suryavanshi · Abhishek Prajapat
▲ Breakthroughs94 · 7%
▲ 0%→7% share
0 median citations94% since 2021mostly methods-led
Breakthroughs are rising (0%→7% of field), led by Database transaction.
rising sub-themes (early→recent)
  • Database transaction1→12
  • Blockchain1→5
Newly emergingFinancial services 0→35 · Scalability 0→11 · Financial inclusion 0→11
Landmark Eagle Strategy Arithmetic Optimisation Algorithm with Optimal Deep Convolutional Forest Based FinTech Application for Hy · 32 cites
◆ Advancements433 · 32%
▲ 0%→33% share
0 median citations97% since 2021mostly empirical
Advancements are rising (0%→33% of field), led by Financial services.
rising sub-themes (early→recent)
  • Financial services2→223
  • Financial inclusion3→150
  • Financial literacy2→58
  • Government (linguistics)1→43
  • Sustainability2→30
Newly emergingPayment 0→83 · Mobile payment 0→52 · Mobile banking 0→46
Landmark The Impact of Fintech and Digital Financial Services on Financial Inclusion in India · 153 cites
▼ Concerns494 · 37%
▲ 0%→36% share
0 median citations93% since 2021mostly empirical
Concerns are rising (0%→36% of field), led by Financial services.
rising sub-themes (early→recent)
  • Financial services1→264
  • Financial inclusion2→138
  • Payment1→95
  • Mobile payment1→41
  • Database transaction1→37
Newly emergingGovernment (linguistics) 0→59 · Financial literacy 0→50 · Digital transformation 0→36
Landmark Financial technology: a review of extant literature · 176 cites
RESEARCH HOTSPOTS · India

Where fintech is researched across India

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Delhi-NCR77 · +0.03
Hot · Payment service providerAdvancing · Sustainable developmentOpportunity · PaymentConcern · Financial services
Pune49 · +0.21
Hot · RevenueAdvancing · Financial literacyOpportunity · Mobile paymentConcern · Key (lock)
Chennai25 · +0.41
Hot · Financial servicesAdvancing · Financial inclusionOpportunity · Financial literacy
Bengaluru16 · +0.24
Hot · Retail bankingAdvancing · Financial servicesOpportunity · PaymentConcern · Financial transaction
Hyderabad13 · +0.14
Hot · Banking industryOpportunity · Financial sectorConcern · Financial services
Ahmedabad6 · +0.35
Hot · Financial servicesOpportunity · Sophistication
Kolkata5 · +0.36
Hot · Financial servicesOpportunity · Financial inclusion
PATENT SIGNAL · India

Who's filing fintech patents in India

India fintech patent filing is steady — 1 filings from 8 assignees (2022–2022), led by Geeky Technology And Consulting, Polaris Financial Technology, DR Mariappan RAJA; annual filings 1→1.

1 filings8 assigneespeak 1/yr2022–2022
filing momentum (YoY 2022–2022)
top patent filers
  • Geeky Technology And Consulting2
  • Polaris Financial Technology2
  • DR Mariappan RAJA1
  • Sakthivel Santhoshkumar1
  • Dhamotharan Dhanasekar1
  • DR Murugesan Selvam1
  • Muhammed Basid Amnas1
  • DR Balasundram Maniam1

Common questions

How many FinTech companies are there in Indore, India?
Radar tracks 62 indexable FinTech companies headquartered in Indore, India, India, that meet our profile-completeness bar.
What is the total funding raised by FinTech companies in Indore, India?
The FinTech companies in Indore, India on this list have raised a combined $21.4M in disclosed equity funding across 7 funded companies.
Which is the highest-funded FinTech company in Indore, India?
Micro Mitti is the highest-funded FinTech company in Indore, India, with $10.4M in disclosed equity funding.
How many FinTech companies in Indore, India are funded?
7 of the 62 FinTech companies in Indore, India on this list have disclosed at least one equity funding round.
How many FinTech unicorns are there in Indore, India?
None of the FinTech companies in Indore, India on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Indore, India FinTech companies?
The most active investors in Indore, India FinTech companies on this list include Adarsh Global, Adarsha Global, Beyond Key Systems, Commonwealth Inclusive Growth Services, Ecosystem Ventures.
Riya SenguptaFinancials

Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.

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