Radar · Fintech in Mumbai
Best Fintech Companies in Mumbai
The 2227 best Fintech companies in Mumbai, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: IDFC First Bank.
By Riya SenguptaFinancials
2227companies tracked
$13.8Bdisclosed funding
8unicorns
428have raised
FLIAR INTELLIGENCE · FINTECH × MUMBAI
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
4.2Mcombined LinkedIn audience
54%of audience held by top 3
11companies hiring publicly (12 mo)
Ranked: Best Fintech companies in Mumbai
| # | Company | Revenue | Revenue YoY | Disclosed funding | Founder | Employees | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | IDFC First Bank Commercial bank 95Customers top 7%Innovation top 10%Funding top 16%Market top 17% All 13 signals ▾Customerstop 7% Innovationtop 10% Fundingtop 16% Markettop 17% Techtop 17% Producttop 20% Moattop 25% Fin. healthtop 31% Partnerstop 33% Newstop 38% Talenttop 41% Growthtop 48% Globalbottom 38% Customers: Play-Store rating 4.86★ across 2,669,257 ratings (6 apps) · Review volume +21% in 6 mo Innovation: 9 new-product events in 24 mo rank vs industry peers · Fliar Intelligence Index 95/100 | $5.1B FY2025 | +20% | $1.6B | Deepak Tandon Co-Founder Wildflower Business Solutions Pvt Ltd | 931 | DartSalesforceFlutter+21 | — |
| 2 | Aditya Birla Capital Provider of loans, investments, insurance, UPI, and bill payment services 92Innovation top 8%Tech top 9%Funding top 11%Market top 17% All 12 signals ▾Innovationtop 8% Techtop 9% Fundingtop 11% Markettop 17% Producttop 26% Moattop 26% Newstop 29% Customerstop 30% Fin. healthtop 31% Talenttop 42% Growthbottom 49% Globalbottom 39% Innovation: 18 new-product events in 24 mo Tech: 100 technologies across 7/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront rank vs industry peers · Fliar Intelligence Index 92/100 | $4.8B FY2025 | +18% | $839M | Vishakha Mulye CEO | 789 | SitecoreTypeScriptGraphQL+30 | — |
| 3 | Tata Capital Diversified non-banking financial company 83Market top 17%Funding top 17%News top 19%Fin. health top 20% All 13 signals ▾Markettop 17% Fundingtop 17% Newstop 19% Fin. healthtop 20% Customerstop 22% Growthtop 23% Producttop 26% Partnerstop 33% Moattop 34% Techtop 38% Innovationtop 47% Talentbottom 40% Globalbottom 30% Market: 19,633 employees (top 1% of Fintech) · Revenue ~$3.4B Funding: Raised $400M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 83/100 | $3.4B FY2025 | +56% | $400M | Vaibhav Ghadge Head - Structured Finance & Transition Finance Credit | 19,633 19,633 → 25,287 (+29%) · sector median +24% | SalesforceLeafletBootstrap+21 | — |
| 4 | Credila Provider of financial resources for students pursuing higher education programs 90Market top 16%Moat top 17%Fin. health top 20%Tech top 24% All 8 signals ▾Markettop 16% Moattop 17% Fin. healthtop 20% Techtop 24% Growthtop 25% Fundingtop 35% Talentbottom 49% Globalbottom 45% Market: Revenue ~$559M · ~6% of tracked Alternative Lending revenue (743 cos, FY2025) Moat: Top 1% by revenue among 743 tracked Alternative Lending companies · 9 curated direct competitors tracked rank vs industry peers · Fliar Intelligence Index 90/100 | $559M FY2025 | +71% | $100M | Arijit Sanyal CEO & Managing Director | — | TurbopackEmotionNode.js+19 | — |
| 5 | Avanse Financial Services 🦄 Provider of financial services for education including loans and refinancing 80Funding top 20%Market top 23%Moat top 23%Fin. health top 26% All 10 signals ▾Fundingtop 20% Markettop 23% Moattop 23% Fin. healthtop 26% Techtop 36% Newstop 36% Growthtop 40% Producttop 42% Talentbottom 49% Globalbottom 39% Funding: Raised $299M across 15 rounds · 15 rounds over 20 yrs (0.8/yr) Market: 736 employees (top 11% of Fintech) · Revenue ~$278M rank vs industry peers · Fliar Intelligence Index 80/100 | $278M FY2025 | — | $299M | Amit Gainda MD & CEO at Avanse Financial Services | 736 736 → 1,296 (+76%) · sector median +24% | Animate.cssBootstrapAmazon Web Services+21 | 1 award |
| 6 | InCred 🦄 Provider of financial services specializing in personal, education, and business loans 91Funding top 17%Moat top 17%Fin. health top 20%Market top 22% All 9 signals ▾Fundingtop 17% Moattop 17% Fin. healthtop 20% Markettop 22% Talenttop 22% Techtop 27% Growthtop 33% Globalbottom 39% Newsbottom 37% Funding: Raised $318M across 13 rounds · 13 rounds over 9 yrs (1.4/yr) Moat: Top 1% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 9/10 rank vs industry peers · Fliar Intelligence Index 91/100 | $223M FY2025 | +46% | $318M | Bhupinder Singh Founder & Co-CEO | 2,127 | Apple iCloud MailGoogle WorkspaceRadix UI+16 | — |
| 7 | Zaggle Platform designed to streamline business spends, payments, and rewards through automated and innovative… 82Fin. health top 19%Partners top 20%Tech top 26%Moat top 26% All 13 signals ▾Fin. healthtop 19% Partnerstop 20% Techtop 26% Moattop 26% Growthtop 27% Markettop 28% Customerstop 32% Talenttop 32% Producttop 33% Fundingtop 34% Newstop 35% Innovationtop 50% Globalbottom 37% Fin. health: Revenue ~$220M (FY2026) · Net margin 7.2% Partners: 3 partnership announcements in 12 mo (3 in 24 mo) · 25 contract events in 12 mo rank vs industry peers · Fliar Intelligence Index 82/100 | $220M FY2026 | +46% | $2M | Raj Narayanam Founder & Executive Chairman | 401 | Node.jsTailwind CSSAnt Design+24 | — |
| 8 | Kissht Provider of personal loans, business loans, and loans against property 76News top 13%Customers top 16%Funding top 20%Moat top 20% All 12 signals ▾Newstop 13% Customerstop 16% Fundingtop 20% Moattop 20% Markettop 26% Talenttop 28% Fin. healthtop 34% Techtop 38% Producttop 39% Growthtop 42% Innovationbottom 46% Globalbottom 39% News: 11 BI events in 12 mo (of 39 tracked, 5 types) · +175% YoY Customers: Play-Store rating 4.44★ across 1,333,033 ratings (1 apps) · Review volume +17% in 6 mo rank vs industry peers · Fliar Intelligence Index 76/100 | $160M FY2025 | -20% | $133M | Neha Shivran Co-Founder | 693 | Apple iCloud MailGoogle WorkspaceNode.js+16 | 1 launch · 2 awards |
| 9 | Raise 🦄 Developer of financial service products and infrastructure for Indian residents 87Fin. health top 10%Growth top 16%Moat top 18%News top 24% All 12 signals ▾Fin. healthtop 10% Growthtop 16% Moattop 18% Newstop 24% Talenttop 28% Fundingtop 31% Customerstop 31% Markettop 32% Producttop 35% Innovationtop 37% Techbottom 49% Globalbottom 39% Fin. health: Revenue ~$107M (FY2024) · Net margin 51.5% Growth: Revenue +138% YoY · Web rank 10,000,000 → 5,000,000 YoY rank vs industry peers · Fliar Intelligence Index 87/100 | $107M FY2025 | +138% | $26M | Alok Pandey Co-Founder and Chief Technology Officer | 125 | Node.jsTailwind CSSReact+11 | 1 launch · 1 partnership |
| 10 | Branch Provider of digital financial services including loans, transfers, payments, and investments 93Growth top 13%Fin. health top 18%Moat top 21%Funding top 23% All 7 signals ▾Growthtop 13% Fin. healthtop 18% Moattop 21% Fundingtop 23% Markettop 25% Talenttop 28% Globalbottom 45% Growth: Headcount 129 → 204 (+58%) across vintages · Revenue +137% YoY Fin. health: Revenue ~$98.4M (FY2021) · Net margin 13.3% rank vs industry peers · Fliar Intelligence Index 93/100 | $98M FY2025 | +137% | $105M | Random Bares Co-Founder | 204 204 → 450 (+121%) · sector median +24% | — | 1 job opening · 1 partnership |
| 11 | Servify AI powered product lifecycle management platform 76Funding top 19%Moat top 21%Tech top 23%Talent top 23% All 12 signals ▾Fundingtop 19% Moattop 21% Techtop 23% Talenttop 23% Markettop 29% Producttop 37% AItop 45% Fin. healthtop 45% Globaltop 49% Growthbottom 41% Newsbottom 24% Customersbottom 22% Funding: Raised $138M across 15 rounds · 15 rounds over 10 yrs (1.5/yr) Moat: Top 4% by revenue among 277 tracked Consumer Electronics E-Commerce companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 76/100 | $93M FY2025 | — | $138M | Sreevathsa Prabhakar Founder & CEO | 422 422 → 532 (+26%) · sector median +24% | WordPressApple iCloud MailGoogle Workspace+23 | — |
| 12 | NeoGrowth Digital credit platform providing financial solutions to underserved small- and micro- retailers 67Moat top 20%Funding top 23%Fin. health top 31%Market top 33% All 11 signals ▾Moattop 20% Fundingtop 23% Fin. healthtop 31% Markettop 33% Techtop 34% Producttop 34% Partnerstop 37% Growthtop 47% Innovationbottom 46% Globalbottom 39% Newsbottom 24% Moat: Top 2% by revenue among 363 tracked Banking Tech companies · Editorial + unicorn rating 8/10 Funding: Raised $147M across 15 rounds · 15 rounds over 13 yrs (1.2/yr) rank vs industry peers · Fliar Intelligence Index 67/100 | $89M FY2025 | +25% | $147M | — | 783 783 → 1,080 (+38%) · sector median +24% | WordPressMySQLPHP+21 | — |
| 13 | OneAssist Provider of protection plans and repair services for electronic devices 82Customers top 20%Fin. health top 21%Moat top 21%Funding top 26% All 11 signals ▾Customerstop 20% Fin. healthtop 21% Moattop 21% Fundingtop 26% Techtop 28% Talenttop 28% Producttop 30% Markettop 31% Newstop 39% Growthtop 45% Globalbottom 39% Customers: Play-Store rating 4.50★ across 73,649 ratings (3 apps) · Review volume +14% in 6 mo Fin. health: Revenue ~$74.9M (FY2024) · Net margin 17.5% rank vs industry peers · Fliar Intelligence Index 82/100 | $75M FY2025 | +18% | $53M | Saurabh Chandra Co-Founder & CTO | 295 295 → 719 (+144%) · sector median +24% | Apple iCloud MailGoogle WorkspaceGoogle Sign-in+25 | 1 award |
| 14 | Mintifi Provider of supply chain financing solutions for small and medium enterprises 82Moat top 21%Market top 26%Funding top 27%Talent top 28% All 10 signals ▾Moattop 21% Markettop 26% Fundingtop 27% Talenttop 28% Fin. healthtop 29% Growthtop 36% Producttop 36% Techtop 39% Globalbottom 39% Newsbottom 21% Moat: Top 4% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 Market: 1,310 employees (top 5% of Fintech) · Revenue ~$67.3M rank vs industry peers · Fliar Intelligence Index 82/100 | $67M FY2025 | +42% | $170M | Sanjoy Shome Co-Founder & COO | 1,310 1,310 → 1,327 (+1%) · sector median +24% | BootstrapReactAmazon Web Services+11 | 2 job openings |
| 15 | Auxilo Provider of financial products focused on education loans and related services 78Fin. health top 19%Moat top 20%Funding top 22%Market top 30% All 9 signals ▾Fin. healthtop 19% Moattop 20% Fundingtop 22% Markettop 30% Techtop 37% Growthtop 38% Talentbottom 49% Globalbottom 37% Newsbottom 34% Fin. health: Revenue ~$64.3M (FY2024) · Net margin 21.2% Moat: Top 1% by revenue among 422 tracked Higher Education Tech companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 78/100 | $64M FY2025 | +48% | $127M | Neeraj Saxena CEO & MD | 392 392 → 547 (+40%) · sector median +24% | Bootstrapcore-jsSweetAlert2+13 | 5 job openings · 1 internship |
| 16 | CredAble Provider of working capital solutions and supply chain finance programs 74Moat top 20%Talent top 22%Funding top 31%Fin. health top 32% All 8 signals ▾Moattop 20% Talenttop 22% Fundingtop 31% Fin. healthtop 32% Techtop 35% Markettop 36% Growthtop 47% Globalbottom 39% Moat: Top 1% by revenue among 189 tracked SCM Software companies · Editorial + unicorn rating 8/10 Talent: Analyst team rating 5/5 · 4 named leaders on record rank vs industry peers · Fliar Intelligence Index 74/100 | $59M FY2025 | — | $60M | Ram Kewalramani Co-Founder & MD | 247 247 → 220 (-11%) · sector median +24% | WordPressMySQLPHP+41 | 1 launch · 2 awards |
| 17 | APAC Group Diversified NBFI 74Moat top 23%Talent top 28%Growth top 30%Market top 32% All 10 signals ▾Moattop 23% Talenttop 28% Growthtop 30% Markettop 32% Fundingtop 32% Fin. healthtop 40% Producttop 40% Techbottom 48% Globalbottom 37% Newsbottom 21% Moat: Top 5% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 6/10 Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 74/100 | $51M FY2025 | +68% | $90M | Sanjay Sharma Co-Founder & Group Chief People Officer | 1,351 1,351 → 723 (-46%) · sector median +24% | Apple iCloud MailMicrosoft 365PHP+17 | 7 job openings |
| 18 | HFS Provider of financial products including business, working capital, and MSME loans 80Growth top 22%Funding top 23%Market top 29%Fin. health top 37% All 8 signals ▾Growthtop 22% Fundingtop 23% Markettop 29% Fin. healthtop 37% Talenttop 38% Moattop 41% Techtop 42% Globalbottom 37% Growth: Headcount 1,308 → 1,841 (+41%) across vintages · Revenue +245% YoY Funding: Raised $92.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 80/100 | $47M FY2025 | +245% | $92M | Harsh Hiranandani Founder | 1,841 1,841 → 940 (-49%) · sector median +24% | WordPressMySQLPHP+25 | — |
| 19 | Aerem Solar financing, equipment procurement, and performance monitoring solutions 76Fin. health top 23%Growth top 27%Moat top 27%Funding top 32% All 10 signals ▾Fin. healthtop 23% Growthtop 27% Moattop 27% Fundingtop 32% Techtop 33% Talenttop 38% Producttop 47% Markettop 49% Globalbottom 39% Newsbottom 21% Fin. health: Revenue ~$33.1M (FY2024) · Net margin 9.6% Growth: Headcount 44 → 59 (+34%) across vintages · Revenue +58% YoY rank vs industry peers · Fliar Intelligence Index 76/100 | $33M FY2025 | +58% | $8M | Anand Jain Co-Founder & CEO | 59 | Webflow EcommerceWebflowGSAP+20 | — |
| 20 | Bizongo Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions 62Moat top 21%Funding top 26%Market top 36%Tech top 36% All 11 signals ▾Moattop 21% Fundingtop 26% Markettop 36% Techtop 36% Producttop 41% AItop 45% Talentbottom 49% Fin. healthbottom 48% Growthbottom 43% Globalbottom 39% Newsbottom 27% Moat: Top 4% by revenue among 334 tracked E-Commerce Enablers companies · Editorial + unicorn rating 8/10 Funding: Raised $253M across 12 rounds · 12 rounds over 11 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $23M FY2023 | +37% | $253M | Sachin Agrawal Co-Founder | 272 | WebflowYouTubeGoogle Cloud+21 | — |
| 21 | Idfy Provider of a platform for identity verification and risk management 83Tech top 18%Moat top 20%Talent top 23%Funding top 24% All 9 signals ▾Techtop 18% Moattop 20% Talenttop 23% Fundingtop 24% Growthtop 31% Markettop 32% Producttop 32% Fin. healthtop 39% Globalbottom 39% Tech: 74 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Moat: Top 1% by revenue among 135 tracked GRC Software companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 83/100 | $23M FY2025 | +30% | $59M | Kaushik Shah Co-Founder | 536 536 → 917 (+71%) · sector median +24% | WordPressMySQLPHP+29 | — |
| 22 | BlackSoil Provider of alternative debt and supply chain financing solutions to businesses 64Funding top 22%Talent top 23%Fin. health top 32%Moat top 37% All 11 signals ▾Fundingtop 22% Talenttop 23% Fin. healthtop 32% Moattop 37% Producttop 39% Markettop 44% Innovationtop 45% Growthtop 47% Techbottom 45% Globalbottom 37% Newsbottom 24% Funding: Raised $298M across 7 rounds · 7 rounds over 8 yrs (0.9/yr) Talent: 6 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 64/100 | $23M FY2025 | +20% | $298M | Mohinder Bansal Co-Founder | 82 82 → 171 (+109%) · sector median +24% | WordPressMySQLPHP+13 | 1 award |
| 23 | Snapmint Online retailer of electronics, appliances, fashion, and home and kitchenware 82Tech top 19%News top 23%Talent top 23%Moat top 25% All 9 signals ▾Techtop 19% Newstop 23% Talenttop 23% Moattop 25% Fundingtop 31% Growthtop 33% Fin. healthtop 35% Markettop 39% Globalbottom 45% Tech: 61 technologies across 6/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront News: 7 BI events in 12 mo (of 19 tracked, 2 types) · +133% YoY rank vs industry peers · Fliar Intelligence Index 82/100 | $18M FY2025 | — | $42M | Rahul Agarwal Co-Founder | 177 | Node.jsTailwind CSSReact+21 | — |
| 24 | CreditWise Capital Provider of loans and vehicle-related services via digital platforms 64News top 25%Growth top 35%Moat top 36%Product top 37% All 11 signals ▾Newstop 25% Growthtop 35% Moattop 36% Producttop 37% Talenttop 38% Innovationtop 39% Markettop 40% Fin. healthtop 43% Fundingtop 44% Techtop 48% Globalbottom 37% News: 6 BI events in 12 mo (of 8 tracked, 2 types) · 4 high-value events (IPO/M&A/funding/contracts) in 12 mo Growth: Headcount 440 → 476 (+8%) across vintages · Revenue +15% YoY rank vs industry peers · Fliar Intelligence Index 64/100 | $15M FY2025 | +15% | $12M | Aalesh Avlani Co-Founder & Executive Director | 476 476 → 248 (-48%) · sector median +24% | WordPress Site EditorCart FunctionalityWordPress+20 | 1 partnership |
| 25 | Ecofy Financial solutions for the electric vehicle, solar, and SME sectors 69Growth top 16%News top 19%Moat top 26%Funding top 30% All 11 signals ▾Growthtop 16% Newstop 19% Moattop 26% Fundingtop 30% Talenttop 38% Markettop 39% Fin. healthtop 42% Techtop 44% Producttop 49% Innovationbottom 40% Globalbottom 39% Growth: Headcount 119 → 208 (+75%) across vintages · Revenue +206% YoY News: 6 BI events in 12 mo (of 17 tracked, 5 types) · +200% YoY rank vs industry peers · Fliar Intelligence Index 69/100 | $13M FY2025 | +206% | $11M | Rajashree Nambiar Co-founder | 208 208 → 422 (+103%) · sector median +24% | DrupalPHPBootstrap+16 | — |
| 26 | Mintoak Digital payments and engagement solutions for MSMEs 69Customers top 22%Talent top 23%Moat top 31%Funding top 32% All 11 signals ▾Customerstop 22% Talenttop 23% Moattop 31% Fundingtop 32% Fin. healthtop 33% Growthtop 38% Markettop 45% Producttop 47% Techtop 50% Newsbottom 37% Globalbottom 37% Customers: App rating 4.6★ (139,511 reviews) · Review volume +1% in 6 mo Talent: 5 named leaders on record · 5 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 69/100 | $13M FY2025 | +27% | $40M | Rohit Ramana Co-Founder & CFO | 134 134 → 153 (+14%) · sector median +24% | Node.jsTailwind CSSReact+12 | 1 launch · 2 partnerships · 1 expansion |
| 27 | Zype Personal loans and a bill payment app for consumers 69Customers top 14%Growth top 20%News top 26%Moat top 26% All 12 signals ▾Customerstop 14% Growthtop 20% Newstop 26% Moattop 26% Fundingtop 33% Innovationtop 34% Talenttop 38% Producttop 42% Fin. healthtop 44% Techtop 49% Marketbottom 49% Globalbottom 32% Customers: Play-Store rating 4.73★ across 82,542 ratings (1 apps) Growth: Revenue +274% YoY · Web rank 500,000 → 1,000,000 YoY rank vs industry peers · Fliar Intelligence Index 69/100 | $13M FY2025 | +274% | $18M | Ajay Relan Co-Founder | 17 | WordPressMySQLPHP+13 | — |
| 28 | Easy Home Finance Provider of home loans and refinancing options 60Moat top 21%Funding top 26%Product top 29%Growth top 35% All 11 signals ▾Moattop 21% Fundingtop 26% Producttop 29% Growthtop 35% Innovationtop 38% Talenttop 38% Markettop 41% Newstop 46% Fin. healthbottom 45% Globalbottom 39% Techbottom 35% Moat: Top 11% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 7/10 Funding: Raised $61.3M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 60/100 | $12M FY2025 | — | $61M | Rohit Chokhani Founder & Managing Director | 743 743 → 951 (+28%) · sector median +24% | UbuntuAnimate.cssBootstrap+8 | 1 job opening · 2 expansions · 1 award |
| 29 | Jupiter Online platform offering a suite of financial services 72Tech top 12%News top 18%Customers top 20%Moat top 24% All 12 signals ▾Techtop 12% Newstop 18% Customerstop 20% Moattop 24% Fundingtop 25% Partnerstop 26% Markettop 35% Growthtop 37% Producttop 46% Talentbottom 49% Globalbottom 39% Fin. healthbottom 37% Tech: 59 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services News: 7 BI events in 12 mo (of 16 tracked, 5 types) · +600% YoY rank vs industry peers · Fliar Intelligence Index 72/100 | $11M FY2025 | +13% | $167M | Vishnu Jerome Co-Founder | 415 | GhostNode.jsTailwind CSS+26 | — |
| 30 | Dezerv Wealth management platform offering financial planning and advisory service 67Growth top 23%News top 24%Moat top 24%Funding top 29% All 11 signals ▾Growthtop 23% Newstop 24% Moattop 24% Fundingtop 29% Techtop 33% Producttop 35% Talenttop 35% Markettop 39% Customerstop 47% Globalbottom 39% Fin. healthbottom 33% Growth: Headcount 147 → 286 (+95%) across vintages · App-install growth +500% YoY News: 10 BI events in 12 mo (of 25 tracked, 5 types) · +43% YoY rank vs industry peers · Fliar Intelligence Index 67/100 | $8M FY2025 | — | $60M | Sandeep Jethwani Co-Founder | 286 286 → 626 (+119%) · sector median +24% | Framer SitesReactAmazon Web Services+18 | — |
| 31 | Coverfox Insurance Provider of platform to compare and purchase various insurance policies online 67Growth top 15%Moat top 25%Product top 32%Funding top 35% All 11 signals ▾Growthtop 15% Moattop 25% Producttop 32% Fundingtop 35% Innovationtop 39% Fin. healthtop 39% Techtop 49% Talentbottom 49% Marketbottom 47% Globalbottom 39% Newsbottom 32% Growth: Headcount 40 → 69 (+72%) across vintages · Revenue +325% YoY Moat: Top 13% by revenue among 156 tracked Internet First Insurance Platforms companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 67/100 | $7M FY2025 | +325% | $55M | Sanjib Jha CEO | 69 | SentryAnt DesignReact+11 | 1 launch |
| 32 | Monedo Provider of financial services including consumer, healthcare, education, and SME finance 45Moat top 19%Fin. health top 39%Funding top 41%Talent bottom 45% All 7 signals ▾Moattop 19% Fin. healthtop 39% Fundingtop 41% Talentbottom 45% Marketbottom 44% Techbottom 42% Globalbottom 36% Moat: Top 14% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 Fin. health: Revenue ~$7.1M (FY2022) · Net margin 36.9% rank vs industry peers · Fliar Intelligence Index 45/100 | $7M FY2025 | — | $312M | Ashish Kohli Founder | 41 | WordPressMySQLPHP+22 | 2 job openings |
| 33 | TruBoard Provider of asset management software for real estate and energy 45Talent top 28%Moat top 32%Growth top 33%Market top 50% All 11 signals ▾Talenttop 28% Moattop 32% Growthtop 33% Markettop 50% Fundingbottom 48% Fin. healthbottom 48% Productbottom 42% Newsbottom 38% Innovationbottom 37% Techbottom 35% Globalbottom 32% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Moat: Top 14% by revenue among 257 tracked Construction Tech companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 45/100 | $6M FY2025 | +30% | $3M | Srickant Rajagopal Co-Founder | 289 289 → 211 (-27%) · sector median +24% | BootstrapNginxjsDelivr+8 | 1 job opening |
| 34 | Credit Fair Platform offering solar financing solutions 55Moat top 23%Tech top 34%Innovation top 39%Growth top 41% All 11 signals ▾Moattop 23% Techtop 34% Innovationtop 39% Growthtop 41% Fundingtop 44% Producttop 46% Markettop 50% Talentbottom 49% Fin. healthbottom 44% Globalbottom 39% Newsbottom 21% Moat: Top 19% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 7/10 Tech: 45 technologies across 5/8 capability areas · Cloud: Amazon Web Services, Cloudflare rank vs industry peers · Fliar Intelligence Index 55/100 | $4M FY2025 | +20% | $26M | Aditya Damani Co-Founder & CEO | 125 125 → 115 (-8%) · sector median +24% | PHPRaphaelAnimate.css+20 | — |
| 35 | Uniqus Provider of accounting, risk, governance, environmental, social, and technology consulting 55Growth top 23%Moat top 28%Tech top 36%Funding top 37% All 11 signals ▾Growthtop 23% Moattop 28% Techtop 36% Fundingtop 37% Talenttop 38% Fin. healthtop 44% Producttop 46% Globalbottom 45% Marketbottom 40% Innovationbottom 37% Newsbottom 21% Growth: Revenue +100% YoY · Fresh capital in last 24 mo Moat: Top 14% by revenue among 1069 tracked Management Consulting Services companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 55/100 | $4M FY2025 | +100% | $22M | Jamil Khatri Co-Founder & CEO | 11 | WordPressZohoMySQL+33 | 1 partnership · 1 expansion |
| 36 | Knight FinTech A digital banking technology company that provides full-stack banking solutions for lending, treasury… 50News top 32%Growth top 33%Funding top 35%Talent top 38% All 9 signals ▾Newstop 32% Growthtop 33% Fundingtop 35% Talenttop 38% Moattop 48% Marketbottom 48% Globalbottom 45% Techbottom 44% Fin. healthbottom 34% News: 4 BI events in 12 mo (of 6 tracked, 2 types) · Top themes: Funding, Capital raise Growth: Headcount 178 → 291 (+63%) across vintages · Revenue +4% YoY rank vs industry peers · Fliar Intelligence Index 50/100 | $4M FY2025 | +4% | $33M | Parthesh Shah Co-Founder & CBO | 291 291 → 352 (+21%) · sector median +24% | Windows ServerMicrosoft ASP.NETBootstrap+18 | — |
| 37 | Jai Kisan Fintech providing credit and financial solutions for farmers, retailers, and MSMEs 37Moat top 20%Funding top 32%Talent top 38%Product top 40% All 11 signals ▾Moattop 20% Fundingtop 32% Talenttop 38% Producttop 40% Innovationtop 43% Markettop 48% Techbottom 40% Globalbottom 39% Growthbottom 35% Fin. healthbottom 23% Newsbottom 21% Moat: Top 17% by revenue among 1177 tracked Crop Tech companies · Editorial + unicorn rating 8/10 Funding: Raised $85.6M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 37/100 | $4M FY2025 | -36% | $86M | Arjun Ahluwalia Co-Founder & CEO | 158 | WebflowApple iCloud MailGoogle Workspace+9 | — |
| 38 | Eduvanz Provider of financial assistance for education, career, and skills development 35Moat top 25%Innovation top 34%Funding top 35%Product top 36% All 12 signals ▾Moattop 25% Innovationtop 34% Fundingtop 35% Producttop 36% Customerstop 42% Markettop 47% Talentbottom 49% Globalbottom 39% Techbottom 35% Fin. healthbottom 27% Growthbottom 23% Newsbottom 18% Moat: Top 22% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 7/10 Innovation: 10 product lines rank vs industry peers · Fliar Intelligence Index 35/100 | $3M FY2025 | -57% | $37M | Parth Upadhyay Co-Founder & CPO | 196 | Apple iCloud MailMicrosoft 365Salesforce+14 | — |
| 39 | HomeCapital Provider of resources and community for navigating the home buying process 62Growth top 20%Funding top 35%Market top 45%Talent bottom 49% All 6 signals ▾Growthtop 20% Fundingtop 35% Markettop 45% Talentbottom 49% Globalbottom 48% Fin. healthbottom 43% Growth: Revenue +42% YoY · Fresh capital in last 24 mo Funding: Raised $33.7M across 10 rounds · 10 rounds over 9 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $3M FY2025 | +42% | $34M | Lalit Menghani Co-Founder | 92 | — | — |
| 40 | CarePal Group Integrated healthcare financing platform, combining crowdfunding, lending, and health insurance distribution 53Talent top 28%Moat top 33%Funding top 40%Growth top 41% All 8 signals ▾Talenttop 28% Moattop 33% Fundingtop 40% Growthtop 41% Markettop 44% Fin. healthbottom 49% Globalbottom 39% Techbottom 31% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Moat: Top 8% by revenue among 24 tracked Crowdfunding companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 53/100 | $2M FY2020 | +196% | $19M | Khushboo Jain Co-Founder & COO | 779 | Font AwesomecdnjsCloudflare+4 | — |
| 41 | Metafin Provider of solar financing platform 57Growth top 17%Funding top 37%Fin. health top 43%Moat top 45% All 8 signals ▾Growthtop 17% Fundingtop 37% Fin. healthtop 43% Moattop 45% Techtop 47% Newstop 47% Globalbottom 39% Marketbottom 37% Growth: Headcount 34 → 83 (+144%) across vintages · Revenue +255% YoY Funding: Raised $7.0M across 5 rounds · 5 rounds over 3 yrs (1.7/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $2M FY2025 | +255% | $7M | — | 83 | Wix eCommerceWixSentry+13 | — |
| 42 | ValuEnable CRM and insurance policy management solutions 42Growth top 30%Moat top 38%Talent top 45%Funding top 46% All 9 signals ▾Growthtop 30% Moattop 38% Talenttop 45% Fundingtop 46% Techtop 50% Productbottom 45% Marketbottom 34% Fin. healthbottom 34% Globalbottom 29% Growth: Headcount 54 → 76 (+41%) across vintages · Revenue +28% YoY Moat: Top 33% by revenue among 105 tracked Insurance IT companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 42/100 | $668K FY2025 | +28% | $1M | Satprem Mohanty Co-Founder | 76 76 → 83 (+9%) · sector median +24% | BootstrapAmazon Web ServicesCloudflare+14 | — |
| 43 | ProsParity Financing platform for electric mobility 35Growth top 21%Talent top 28%Funding top 44%Moat bottom 40% All 9 signals ▾Growthtop 21% Talenttop 28% Fundingtop 44% Moatbottom 40% Fin. healthbottom 39% Globalbottom 37% Techbottom 31% Newsbottom 22% Marketbottom 19% Growth: Revenue +57761% YoY · Fresh capital in last 24 mo Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 35/100 | $123K FY2025 | +57761% | $2M | Jitendra Sharma Co-Founder & Business Head | — | Tailwind CSSGSAPAmazon Web Services+7 | 7 job openings · 1 internship · 1 partnership |
| 44 | CapitalXB Finance Provider of supply chain finance and business loans for small and medium enterprises 27Growth top 21%Talent bottom 49%Funding bottom 47%Fin. health bottom 37% All 7 signals ▾Growthtop 21% Talentbottom 49% Fundingbottom 47% Fin. healthbottom 37% Globalbottom 34% Techbottom 28% Marketbottom 22% Growth: Revenue +1799% YoY · Fresh capital in last 24 mo Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 27/100 | $66K FY2025 | +1799% | $15M | Ajitabh Bharti Co-Founder | — | Apple iCloud MailMicrosoft 365Ubuntu+8 | — |
| 45 | Saarathi Finance Online lending marketplace connecting lenders and MSMEs 11Funding top 37%Talent bottom 49%Global bottom 45%Tech bottom 39% All 6 signals ▾Fundingtop 37% Talentbottom 49% Globalbottom 45% Techbottom 39% Marketbottom 24% Fin. healthbottom 14% Funding: Raised $41.3M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 11/100 | $36K FY2025 | — | $41M | Vivek Bansal Founder & CEO | — | Chart.jsYouTubeBootstrap+15 | 1 job opening |
| 46 | Trackk Provider of digital stock market trading and investment analysis tools 37Growth top 14%Talent top 38%Funding top 41%Global bottom 45% All 8 signals ▾Growthtop 14% Talenttop 38% Fundingtop 41% Globalbottom 45% Techbottom 43% Productbottom 40% Fin. healthbottom 32% Marketbottom 17% Growth: Revenue +73% YoY · App-install growth +500% YoY Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 37/100 | $16K FY2025 | +73% | $5M | Aryan Jain Co-Founder & CCO | — | Node.jsTailwind CSSReact+14 | 1 launch |
| 47 | Weaver Provider of affordable housing finance, specializing in low-cost housing solutions 13Funding top 18%Talent top 28%Global bottom 45%Tech bottom 41% All 6 signals ▾Fundingtop 18% Talenttop 28% Globalbottom 45% Techbottom 41% Fin. healthbottom 13% Marketbottom 8% Funding: Raised $326M across 2 rounds · 2 rounds over 1 yrs (2.0/yr) Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 13/100 | $12K FY2025 | — | $326M | Kamal Rathi Co-Founder & CTPO | — | Radix UITailwind CSSshadcn/ui+8 | — |
| 48 | FlexiLoans Provider of business loans and financing solutions for small enterprises 60Tech top 21%Talent top 28%Funding top 30%Innovation top 33% All 11 signals ▾Techtop 21% Talenttop 28% Fundingtop 30% Innovationtop 33% Producttop 33% Growthtop 42% Marketbottom 43% Globalbottom 39% Newsbottom 34% Moatbottom 34% Fin. healthbottom 27% Tech: 69 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 60/100 | $8K FY2025 | — | $97M | Ritesh Jain Co-Founder | 610 610 → 699 (+15%) · sector median +24% | Apple iCloud MailGoogle WorkspaceApexCharts.js+33 | — |
| 49 | InCred Holdings Corporate consultancy and advisory service provider 37Talent top 33%Growth top 35%Funding top 45%Fin. health bottom 48% All 7 signals ▾Talenttop 33% Growthtop 35% Fundingtop 45% Fin. healthbottom 48% Globalbottom 34% Marketbottom 32% Techbottom 31% Talent: 3 named leaders on record · 2 C-suite/founder profiles curated Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 37/100 | — | — | $29M | Bhupinder Singh Founder | — | ReactGatsbyAmazon Web Services+6 | — |
| 50 | PayMate Provider of B2B payment automation and supply chain finance solutions 67Moat top 20%Funding top 28%Talent top 33%Market top 34% All 11 signals ▾Moattop 20% Fundingtop 28% Talenttop 33% Markettop 34% Fin. healthtop 35% Newstop 38% Growthtop 42% Producttop 43% Customerstop 45% Globaltop 48% Techbottom 38% Moat: Top 1% by revenue among 478 tracked Finance & Accounting Tech companies · Editorial + unicorn rating 8/10 Funding: Raised $55.8M across 11 rounds · 11 rounds over 20 yrs (0.6/yr) rank vs industry peers · Fliar Intelligence Index 67/100 | — | — | $56M | Ajay Adiseshann Founder & CEO | 84 84 → 87 (+4%) · sector median +24% | Chart.jsMaterial Design LiteBootstrap+12 | — |
Top 12 Fintech companies in Mumbai
#1
Series C · Mumbai, Maharashtra · founded 2010 · 82 employees$298.1Mraised▾
Series C · Mumbai, Maharashtra · founded 2010 · 82 employees
Provider of alternative debt and supply chain financing solutions to businesses. It focuses on providing debt to growing businesses underserved by traditional financial institutions. The company underwrites business models of emerging financial institutions. It also operates a supply chain fintech platform to streamline financing for suppliers and buyers.
Fliar Intelligence Index™ 64how this company ranks against its industry peers
Funding
top 22%Talent
top 23%Fin. health
top 32%Moat
top 37%Product
top 39%Market
top 44%Funding: Raised $298M across 7 rounds · 7 rounds over 8 yrs (0.9/yr) · Last round Conventional Debt (Mar 2026)
Talent: 6 named leaders on record · 3 C-suite/founder profiles curated
Fin. health: Revenue ~$22.5M (FY2021) · Net margin 17.1% · Revenue +20% YoY
Audience (LinkedIn): 13k LinkedIn followers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Mar 2026Conventional Debt$22M
- Dec 2025Series C$7.2M
- Mar 2024Conventional Debt$205.4M
- Mar 2024Series C$12.1M
Founders & team
Investors
Allcargo Logistics, Navneet Publications, Florintree, MAHAVIR AGENCIES, FMO, Caspian
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesApache Http ServerCdnjsCloudflare
#2
Late Stage · Mumbai, Maharashtra · founded 2025$326Mraised▾
Late Stage · Mumbai, Maharashtra · founded 2025
Provider of affordable housing finance, specializing in low-cost housing solutions.
Fliar Intelligence Index™ 13how this company ranks against its industry peers
Funding
top 18%Talent
top 28%Global
bottom 45%Tech
bottom 41%Fin. health
bottom 13%Market
bottom 8%Funding: Raised $326M across 2 rounds · 2 rounds over 1 yrs (2.0/yr) · Last round Unattributed (Mar 2026)
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Global: Investors from 1 country beyond India
Audience (LinkedIn): 2k LinkedIn followers
Hiring (LinkedIn): 2 hiring posts in 12 mo (public) · hiring: Company Secretary, Senior DevOps Engineer
Funding rounds
- Mar 2026Unattributed$156M
- Aug 2025Unattributed$170M
Founders & team
Investors
Lightspeed Venture Partners, Premji Invest, Gaja Capital
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesGoogle WorkspaceHttp/3Open Graph
#3
Public · Mumbai, Maharashtra · founded 2007 · 789 employees$838.6Mraised▾
Public · Mumbai, Maharashtra · founded 2007 · 789 employees
Provider of loans, investments, insurance, UPI, and bill payment services. They offer housing, personal, SME, business, gold, and property loans. Investment options include mutual funds, stocks, securities, and fixed deposits. Insurance offerings cover life, health, motor, pocket, and travel needs. The company also provides UPI and bill payment solutions.
Fliar Intelligence Index™ 92how this company ranks against its industry peers
Innovation
top 8%Tech
top 9%Funding
top 11%Market
top 17%Product
top 26%Moat
top 26%Innovation: 18 new-product events in 24 mo
Tech: 100 technologies across 7/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront · Devops: Envoy, Nginx
Funding: Raised $839M across 5 rounds · 5 rounds over 7 yrs (0.7/yr) · Last round Post IPO (Aug 2025)
Audience (LinkedIn): 745k LinkedIn followers — 17.8% of this cohort's audience
Funding rounds
- Aug 2025Post IPO—
- Jan 2025Conventional Debt$95.9M
- Jun 2023Post IPO$366M
- Aug 2022Post IPO$83.1M
Founders & team
Investors
BlackRock, Capital Group, Norges Bank, RBC Royal Bank, M&G, ADIA
Tech stack
Amazon AlbAmazon CloudfrontAmazon S3Amazon Web ServicesAmchartsAngular
#4
Series D · Mumbai, Maharashtra · founded 2015 · 422 employees$138.5Mraised▾
Series D · Mumbai, Maharashtra · founded 2015 · 422 employees
Servify is a global product lifecycle management company that focuses on designing as well as administering custom product protection programs and exchange/upgrade programs for OEMs, telcos and retailers. Brands overwhelmingly select Servify as partner for their speed, flexibility, innovative product development, technology, compliance and underwriting expertise, and its ability to drive revenue and retention through a relentless customer focus.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Funding
top 19%Moat
top 21%Tech
top 23%Talent
top 23%Market
top 29%Product
top 37%Funding: Raised $138M across 15 rounds · 15 rounds over 10 yrs (1.5/yr) · Last round Series D (Dec 2025)
Moat: Top 4% by revenue among 277 tracked Consumer Electronics E-Commerce companies · Editorial + unicorn rating 8/10 · Soonicorn
Tech: 52 technologies across 6/8 capability areas · Cloud: Amazon Ses, Amazon Web Services · Devops: Nginx
Audience (LinkedIn): 133k LinkedIn followers — 3.2% of this cohort's audience
Funding rounds
- Dec 2025Series D$7.5M
- Mar 2025Series D$7.7M
- Aug 2024Venture Debt$6M
- Aug 2024Series D$4.1M
Founders & team
Investors
Iron Pillar, Beenext, Blume Venture, Trifecta Capital, TM Service Technology Holdings, Barkawi
Tech stack
Amazon Web ServicesAnt DesignApple Icloud MailAxiosCart FunctionalityCdnjs
#5
Public · Mumbai, Maharashtra · founded 1997 · 931 employees$1.6Braised▾
Public · Mumbai, Maharashtra · founded 1997 · 931 employees
Commercial bank. The bank offers a wide range of personal and business banking products, including savings and current accounts, loans, investments, credit cards, and wealth management. It positions itself as a customer-centric, ethical, and technology-driven institution, aiming to build a world-class bank.
Fliar Intelligence Index™ 95how this company ranks against its industry peers
Customers
top 7%Innovation
top 10%Funding
top 16%Market
top 17%Tech
top 17%Product
top 20%Customers: Play-Store rating 4.86★ across 2,669,257 ratings (6 apps) · Review volume +21% in 6 mo · Marquee-customer mentions: top 4% of tracked companies
Innovation: 9 new-product events in 24 mo
Funding: Raised $1.6B across 3 rounds · 3 rounds over 6 yrs (0.5/yr) · Last round Post IPO (Apr 2025)
Funding rounds
- Apr 2025Post IPO$878.4M
- Oct 2023Post IPO—
- Apr 2021Post IPO$408.8M
- Jun 2020Post IPO$263.7M
Founders & team
Investors
Baillie Gifford, BNP Paribas, Bajaj Allianz, HDFC Life, Tata AIA Life Insurance, ICICI Prudential Life Insurance
Tech stack
Adobe Experience ManagerAkamaiAkamai Bot ManagerAkamai MpulseAngularAnimate.Css
#6
Series F · Mumbai, Maharashtra · founded 2011 · 536 employees$58.8Mraised▾
Series F · Mumbai, Maharashtra · founded 2011 · 536 employees
Provider of a platform for identity verification and risk management. The platform offers tools for customer and workforce governance throughout their lifecycle. It focuses on frictionless onboarding, verifiable identities, and faster revenue generation. The platform aims to reduce onboarding friction, prevent fraud, and accelerate time-to-revenue. It helps detect and mitigate risk in real time, reducing financial and operational losses. The platform also transforms compliance into a growth engine through centralized automation.
Fliar Intelligence Index™ 83how this company ranks against its industry peers
Tech
top 18%Moat
top 20%Talent
top 23%Funding
top 24%Growth
top 31%Market
top 32%Tech: 74 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Devops: Envoy
Moat: Top 1% by revenue among 135 tracked GRC Software companies · Editorial + unicorn rating 8/10 · Soonicorn
Talent: 6 named leaders on record · 5 C-suite/founder profiles curated
Audience (LinkedIn): 114k LinkedIn followers — 2.7% of this cohort's audience
Funding rounds
- Feb 2026Series F$24.3M
- May 2024Series E$10.8M
- Mar 2024Series E$6.6M
- Sep 2021Series D$12.5M
Founders & team
Investors
Blume Venture, Trifecta Capital, New Enterprise Associates, Dream Incubator, Nava Limited, IndiaMART
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAutoptimizeCdnjsCloudflare
#7
Series C · Mumbai, Maharashtra · founded 2017 · 392 employees$127.2Mraised▾
Series C · Mumbai, Maharashtra · founded 2017 · 392 employees
Provider of financial products focused on education loans and related services. The company facilitates funding for students pursuing education domestically and internationally. It also provides financial solutions for educational institutions, including infrastructure and construction loans. The organization offers loan refinancing options and products tailored to skill development programs.
Fliar Intelligence Index™ 78how this company ranks against its industry peers
Fin. health
top 19%Moat
top 20%Funding
top 22%Market
top 30%Tech
top 37%Growth
top 38%Fin. health: Revenue ~$64.3M (FY2024) · Net margin 21.2% · Revenue +48% YoY
Moat: Top 1% by revenue among 422 tracked Higher Education Tech companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $127M across 10 rounds · 10 rounds over 8 yrs (1.2/yr) · Last round Conventional Debt (Nov 2025)
Audience (LinkedIn): 19k LinkedIn followers
Hiring (LinkedIn): 5 hiring posts in 12 mo (public) · momentum +5 · hiring: Customer Experience Manager, Internal Audit team
Funding rounds
- Nov 2025Conventional Debt$25.5M
- Feb 2025Conventional Debt$5.7M
- Jul 2024Conventional Debt$12M
- Jul 2024Series C$35.7M
Founders & team
Investors
ICICI Bank, Balrampur Chini Mills, Elme Investment, Tata Capital Growth Fund, Trifecta Capital, Xponentia Capital
Tech stack
Amazon Web ServicesAngularAnt DesignApache Http ServerAws Certificate ManagerAxios
#8
Series C · Mumbai, Maharashtra · founded 2019 · 415 employees$167.2Mraised▾
Series C · Mumbai, Maharashtra · founded 2019 · 415 employees
Online platform offering a suite of financial services. It offers a range of services, including banking, credit cards, lending, and investments. It allows users to manage all aspects of their money in one place.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Tech
top 12%News
top 18%Customers
top 20%Moat
top 24%Funding
top 25%Partners
top 26%Tech: 59 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services · Devops: Envoy, Nginx
News: 7 BI events in 12 mo (of 16 tracked, 5 types) · +600% YoY · 4 high-value events (IPO/M&A/funding/contracts) in 12 mo
Customers: Play-Store rating 4.31★ across 607,214 ratings (1 apps) · Review volume +9% in 6 mo · Marquee-customer mentions: top 13% of tracked companies
Audience (LinkedIn): 236k LinkedIn followers — 5.6% of this cohort's audience
Funding rounds
- Oct 2025Series C$15M
- Jun 2024Series C$21.6M
- Mar 2023Series C$849.2K
- Dec 2022Venture Debt$12.1M
Founders & team
Investors
Hummingbird Ventures, Bedrock, PICO Partners, Patni Financial Advisors, 3one4 Capital, Greyhound Capital
Tech stack
Amazon CloudfrontAmazon Web ServicesApolloAws Certificate ManagerCloudflareCloudflare Bot Management
#9
Series C · Mumbai, Maharashtra · founded 2017 · 743 employees$61.3Mraised▾
Series C · Mumbai, Maharashtra · founded 2017 · 743 employees
Provider of home loans and refinancing options. They offer services such as pre-approved property searches and assistance throughout the home ownership journey. The company provides paperless processes and doorstep service for loan applications. It also offers resources related to policies, grievance procedures, and customer awareness.
Fliar Intelligence Index™ 60how this company ranks against its industry peers
Moat
top 21%Funding
top 26%Product
top 29%Growth
top 35%Innovation
top 38%Talent
top 38%Moat: Top 11% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 7/10 · Soonicorn
Funding: Raised $61.3M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) · Last round Series C (Jan 2026)
Product: 3 distinct product lines · 6 published apps (88.2k installs) · Company stage: Series C
Audience (LinkedIn): 134k LinkedIn followers — 3.2% of this cohort's audience · 68 engagements/post (1.6× cohort median)
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Concurrent Audit
Activity (LinkedIn): 1 awards · 2 expansions announced in 12 mo
Funding rounds
- Jan 2026Series C$30M
- Sep 2025Conventional Debt—
- Nov 2024Series B$35M
- Sep 2023Series A$7.9M
Founders & team
Investors
Claypond Capital, Xponentia Capital, FinSight, SMBC Asia Rising Fund, Harbourfront Capital, Pegasus
Tech stack
Animate.CssApache Http ServerBootstrapCore-JsGodaddyGoogle Analytics
#10
Acquired · Mumbai, Maharashtra · founded 1992 · 736 employees$299.1Mraised▾
Acquired · Mumbai, Maharashtra · founded 1992 · 736 employees
Provider of financial services for education including loans and refinancing. They offer financial products for students pursuing higher education. These products also include options for skill enhancement and executive education. Additionally, they provide financial assistance to educational institutions.
Fliar Intelligence Index™ 80how this company ranks against its industry peers
Funding
top 20%Market
top 23%Moat
top 23%Fin. health
top 26%Tech
top 36%News
top 36%Funding: Raised $299M across 15 rounds · 15 rounds over 20 yrs (0.8/yr) · Last round Conventional Debt (Aug 2025)
Market: 736 employees (top 11% of Fintech) · Revenue ~$278M · ~3% of tracked Alternative Lending revenue (743 cos, FY2025)
Moat: Top 1% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 4/10 · Unicorn
Audience (LinkedIn): 84k LinkedIn followers — 2.0% of this cohort's audience · 201 engagements/post (4.6× cohort median)
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Aug 2025Conventional Debt$200M
- Mar 2024Series C$120.3M
- Oct 2023Conventional Debt$145M
- Jan 2023Series C$96.8M
Founders & team
Investors
Kedaara, WorldBusiness Capital, IFC, Mubadala, Avendus, The Wadhwa Group
Tech stack
Amazon AlbAmazon CloudfrontAmazon S3Amazon Web ServicesAnt DesignApple Icloud Mail
#11
InCred 🦄Series D · Mumbai, Maharashtra · founded 2016 · 2127 employees$317.5Mraised▾
InCred 🦄
Series D · Mumbai, Maharashtra · founded 2016 · 2127 employees
Provider of financial services specializing in personal, education, and business loans. The platform utilizes technology and data science for its suite of offerings. It provides loans tailored to meet financial needs within the lending industry. The company also offers resources related to regulatory compliance and consumer education.
Fliar Intelligence Index™ 91how this company ranks against its industry peers
Funding
top 17%Moat
top 17%Fin. health
top 20%Market
top 22%Talent
top 22%Tech
top 27%Funding: Raised $318M across 13 rounds · 13 rounds over 9 yrs (1.4/yr) · Last round Conventional Debt (Jul 2025)
Moat: Top 1% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 9/10 · Unicorn
Fin. health: Revenue ~$223M (FY2021) · Net margin 13.0% · Revenue +46% YoY
Funding rounds
- Jul 2025Conventional Debt$46.8M
- Mar 2025Conventional Debt$30M
- Nov 2023Series D$60.1M
- Feb 2022Angel$548K
Founders & team
Investors
FMO, Vistra ITCL, Elevar Equity, Moore Ventures, OAKS, Alpha Capital
Tech stack
Amazon CloudfrontAmazon S3Amazon SesAmazon Web ServicesAngularApple Icloud Mail
#12
Series C · Mumbai, Maharashtra · founded 2015 · 204 employees$105.2Mraised▾
Series C · Mumbai, Maharashtra · founded 2015 · 204 employees
Provider of digital financial services including loans, transfers, payments, and investments. It offers access to digital banking products through a smartphone application. The application facilitates sending and receiving funds, bill payments, and investment opportunities.
Fliar Intelligence Index™ 93how this company ranks against its industry peers
Growth
top 13%Fin. health
top 18%Moat
top 21%Funding
top 23%Market
top 25%Talent
top 28%Growth: Headcount 129 → 204 (+58%) across vintages · Revenue +137% YoY · Fresh capital in last 24 mo
Fin. health: Revenue ~$98.4M (FY2021) · Net margin 13.3% · Revenue +137% YoY
Moat: Top 3% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 · Soonicorn
Audience (LinkedIn): 284k LinkedIn followers — 6.8% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Marketing, Engineering
Activity (LinkedIn): 1 partnerships (incl. Bajaj Markets) announced in 12 mo
Funding rounds
- Oct 2025Venture Debt—
- Jul 2019Series C$5M
- Apr 2019Conventional Debt$100M
- Apr 2019Series C$70M
Founders & team
Investors
Victory Park Capital Advisors, Musha Ventures, Trinity Ventures, Andreessen Horowitz, CreditEase, IFC
Funding & investor landscape
$13.8Btotal disclosed funding
422companies funded
1,272disclosed rounds
6rounds last 90 days
Most active investors
Notable founders
Mohinder Bansal
Co-Founder · BlackSoil
Ankur Bansal
Co-Founder & MD · BlackSoil
Kamal Rathi
Co-Founder & CTPO · Weaver
Anil Kothuri
Co-Founder · Weaver
Vishakha Mulye
CEO · Aditya Birla Capital
Hrushi Sodha
Co-Owner · Servify
Rochelle Xaavier
Co-owner & Human Resources · Servify
Deepak Tandon
Co-Founder Wildflower Business Solutions Pvt Ltd · IDFC First Bank
Vembu Vaidyanathan
CEO & MD · IDFC First Bank
Kaushik Shah
Co-Founder · Idfy
Wriju Ray
Co-Founder & CBO · Idfy
Neeraj Saxena
CEO & MD · Auxilo
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
Database transaction research surged 1→12 papers, signaling blockchain-linked fintech infrastructure breakthroughs emerging from Indian institutions.
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
Mobile payment and mobile banking research newly emerged with 52 and 46 papers, reflecting rapid fintech adoption advancement.
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
Financial services concern papers hit 264, rising from 1, flagging intensifying scrutiny of India's expanding fintech ecosystem.
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
Pune49 · +0.21
Chennai25 · +0.41
Bengaluru16 · +0.24
Hyderabad13 · +0.14
Ahmedabad6 · +0.35
Kolkata5 · +0.36
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 Mumbai?
Radar tracks 2227 indexable Fintech companies headquartered in Mumbai, India, that meet our profile-completeness bar.
What is the total funding raised by Fintech companies in Mumbai?
The Fintech companies in Mumbai on this list have raised a combined $13.8B in disclosed equity funding across 422 funded companies.
Which is the highest-funded Fintech company in Mumbai?
IDFC First Bank is the highest-funded Fintech company in Mumbai, with $1.6B in disclosed equity funding.
How many Fintech companies in Mumbai are funded?
422 of the 2227 Fintech companies in Mumbai on this list have disclosed at least one equity funding round.
How many Fintech unicorns are there in Mumbai?
8 Fintech companies in Mumbai on this list are valued at $1B or more.
Who are the top investors in Mumbai Fintech companies?
The most active investors in Mumbai Fintech companies on this list include IFC, ICICI Bank, QED Innovation Labs, Venture Catalysts, Angel List.
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.