Radar · SaaS Fintech in Mumbai
Best SaaS Fintech Companies in Mumbai
The 257 best SaaS Fintech companies in Mumbai, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Bizongo.
By Riya SenguptaFinancials
257companies tracked
$1.3Bdisclosed funding
1unicorns
80have raised
Ranked: Best SaaS Fintech companies in Mumbai
| # | Company | Revenue | Disclosed funding | Employees | Founded | Tech stack | Web popularity | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | BillDesk 🦄 Provider of an online payment gateway platform 76News top 17%Moat top 17%Market top 18%Talent top 28% All 10 signals ▾Newstop 17% Moattop 17% Markettop 18% Talenttop 28% Fundingtop 29% Producttop 30% Fin. healthtop 32% Growthtop 47% Techbottom 44% Globalbottom 39% News: 9 BI events in 12 mo (of 51 tracked, 6 types) · +800% YoY Moat: Top 1% by revenue among 743 tracked Payments companies · Editorial + unicorn rating 9/10 rank vs industry peers · Fliar Intelligence Index 76/100 | $296M FY2024 | $186M | 756 756 → 788 (+4%) · sector median +30% | 2000 | Tailwind CSSAOSGoogle Analytics+2 | Top 50k | 1 partnership · 4 awards |
| 2 | 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 | $2M | 401 | 2011 | Node.jsTailwind CSSAnt Design+24 | Top 5M | — |
| 3 | AGS Transact Technologies Provider of end-to-end payment processing solutions for merchants and businesses 57Market top 21%Moat top 22%Funding top 28%Fin. health top 33% All 11 signals ▾Markettop 21% Moattop 22% Fundingtop 28% Fin. healthtop 33% Producttop 35% Globaltop 42% Innovationtop 43% Talentbottom 49% Techbottom 37% Newsbottom 26% Growthbottom 21% Market: 1,106 employees (top 8% of SaaS) · Revenue ~$182M Moat: Top 2% by revenue among 743 tracked Payments companies · Editorial + unicorn rating 6/10 rank vs industry peers · Fliar Intelligence Index 57/100 | $182M FY2024 | $81M | 1,106 | 2002 | Amazon Web ServicesGoogle Font APISucuri+3 | Top 5M | — |
| 4 | Aurionpro Provider of loan and cash management solutions for banks and financial institutions | $141M FY2025 | $3M | 33 | 1997 | WordPressMySQLPHP+27 | Top 1M | 1 launch · 3 partnerships |
| 5 | 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 | $170M | 1,310 1,310 → 1,327 (+1%) · sector median +30% | 2017 | BootstrapReactAmazon Web Services+11 | Top 100k | 2 job openings |
| 6 | 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 | 247 247 → 220 (-11%) · sector median +30% | 2017 | WordPressMySQLPHP+41 | Top 5M | 1 launch · 2 awards |
| 7 | ISG Provider of payment processing software for card issuance and switching | $39M FY2025 | $9M | 1,796 1,796 → 1,464 (-18%) · sector median +30% | 2004 | Cart FunctionalityWordPressMySQL+21 | Top 5M | 1 launch |
| 8 | Bulk MRO Online B2B platform for industrial supply 60Tech top 34%Product top 36%Talent top 38%Innovation top 39% All 11 signals ▾Techtop 34% Producttop 36% Talenttop 38% Innovationtop 39% Moattop 39% Fin. healthtop 40% Fundingtop 43% Markettop 45% Growthbottom 47% Globalbottom 39% Newsbottom 22% Tech: 40 technologies across 5/8 capability areas · Cloud: Cloudflare Product: 12 distinct product lines · Company stage: Series A rank vs industry peers · Fliar Intelligence Index 60/100 | $30M FY2025 | $7M | 101 101 → 131 (+30%) · sector median +30% | 2015 | RubyTinyMCERaphael+20 | Top 1M | — |
| 9 | 63Moons AI-powered next gen technology and solutions for creating digital markets | $28M FY2025 | $10M | 672 | 1988 | Apple iCloud MailMicrosoft 365Windows Server+12 | Top 5M | — |
| 10 | TechProcess Payment Services Online payment processing solutions provider | $26M FY2017 | $12M | 360 | 2000 | — | — | — |
| 11 | 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 | $253M | 272 | 2015 | WebflowYouTubeGoogle Cloud+21 | Top 5M | — |
| 12 | 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 | $59M | 536 536 → 917 (+71%) · sector median +30% | 2011 | WordPressMySQLPHP+29 | Top 100k | — |
| 13 | Citrus Pay Online payment app for consumers and businesses | $18M FY2017 | $32M | 160 | 2011 | Ant DesignReact RouterReact+5 | Top 5M | — |
| 14 | PaySense Online platform for consumer loans | $17M FY2025 | $34M | 253 | 2015 | ZohoNginxZoho Mail+4 | Top 10M | — |
| 15 | FinQY Provider of a technology platform for financial product distribution 55Talent top 28%Moat top 32%Fin. health top 37%Market top 43% All 10 signals ▾Talenttop 28% Moattop 32% Fin. healthtop 37% Markettop 43% Growthtop 46% Fundingtop 48% Techbottom 40% Productbottom 40% Globalbottom 37% Newsbottom 18% Talent: 4 named leaders on record · 4 C-suite/founder profiles curated Moat: Top 13% by revenue among 363 tracked Banking Tech companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 55/100 | $10M FY2025 | $3M | 107 | 2019 | PHPGoogle MapsYouTube+13 | Top 5M | 3 job openings · 1 internship |
| 16 | Veefin Provider of supply chain finance technology and digital lending solutions 74Fin. health top 17%Product top 24%Moat top 30%Growth top 31% All 12 signals ▾Fin. healthtop 17% Producttop 24% Moattop 30% Growthtop 31% Markettop 34% Newstop 41% Innovationtop 43% Fundingtop 43% Talenttop 45% Globaltop 50% Techbottom 45% Partnersbottom 43% Fin. health: Revenue ~$9.5M (FY2025) · Net margin 29.9% Product: 2 distinct product lines · Company stage: Public rank vs industry peers · Fliar Intelligence Index 74/100 | $10M FY2025 | $3M | 165 | 2020 | PHPUbuntuGSAP+17 | Top 5M | 3 job openings |
| 17 | EnKash Provider of a platform for business spend management and payment solutions 48Moat top 14%Tech top 21%Talent top 22%Funding top 36% All 10 signals ▾Moattop 14% Techtop 21% Talenttop 22% Fundingtop 36% Markettop 38% Producttop 49% Newsbottom 37% Globalbottom 37% Fin. healthbottom 33% Growthbottom 19% Moat: Top 3% by revenue among 478 tracked Finance & Accounting Tech companies · Editorial + unicorn rating 7/10 Tech: 49 technologies across 6/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront rank vs industry peers · Fliar Intelligence Index 48/100 | $9M FY2025 | $24M | 56 | 2018 | Apple iCloud MailGoogle WorkspaceTypeScript+22 | Top 1M | — |
| 18 | Miles Software Back-office solutions for wealth managers | $8M FY2024 | $7M | 197 | 1999 | WordPressMySQLPHP+26 | Top 10M | 1 launch |
| 19 | Coverstack Insurtech platform providing no-code, plug-and-play insurance infrastructure solutions | $7M FY2025 | $56M | 59 59 → 54 (-8%) · sector median +30% | 2010 | WordPressMySQLPHP+20 | Top 50M | — |
| 20 | 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 | $3M | 289 289 → 211 (-27%) · sector median +30% | 2020 | UbuntuBootstrapNginx+8 | Top 10M | 1 job opening |
| 21 | Riskcovry Provider of a platform for digital insurance distribution and management 76Growth top 27%Tech top 27%Moat top 27%Talent top 28% All 9 signals ▾Growthtop 27% Techtop 27% Moattop 27% Talenttop 28% Fundingtop 35% Markettop 40% Fin. healthtop 42% Globalbottom 39% Newsbottom 22% Growth: Headcount 101 → 121 (+20%) across vintages · Revenue +116% YoY Tech: 47 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 76/100 | $5M FY2025 | $14M | 121 121 → 137 (+13%) · sector median +30% | 2018 | WordPressZohoMySQL+29 | Top 5M | 1 launch · 1 award |
| 22 | Rubix Data Sciences Provider of risk assessment, credit decisioning, and debt collection management solutions | $5M FY2025 | $3M | 116 116 → 201 (+73%) · sector median +30% | 2018 | Chart.jsBootstrapReact+14 | Top 5M | 2 launchs |
| 23 | Mobileware Tech Developer of software solutions for the insurance and banking management 62Product top 26%Fin. health top 33%Innovation top 34%Growth top 35% All 11 signals ▾Producttop 26% Fin. healthtop 33% Innovationtop 34% Growthtop 35% Moattop 36% Talenttop 38% Marketbottom 49% Fundingbottom 49% Techbottom 46% Globalbottom 37% Newsbottom 18% Product: 5 distinct product lines · Company stage: Acquired Fin. health: Revenue ~$4.0M (FY2024) · Net margin 4.9% rank vs industry peers · Fliar Intelligence Index 62/100 | $4M FY2025 | $2M | 67 | 2010 | WordPressMySQLZoho+30 | Top 10M | 1 job opening |
| 24 | 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 | $86M | 158 | 2017 | WebflowApple iCloud MailGoogle Workspace+9 | Top 5M | — |
| 25 | Arya.ai Provider of AI-powered platforms and APIs for financial services | $3M FY2025 | $2M | 52 52 → 85 (+63%) · sector median +30% | 2013 | WebflowZohoGSAP+14 | Top 5M | — |
| 26 | AggrePay Provider of payment gateway and related financial services | $2M FY2024 | $2M | 11 | 2017 | BootstrapCloudflarecdnjs+9 | Top 50M | — |
| 27 | ePayLater Provider of credit solutions for small and medium sized businesses | $2M FY2025 | $18M | 56 56 → 122 (+118%) · sector median +30% | 2015 | SentryGoogle MapsTailwind CSS+18 | Top 5M | 3 job openings |
| 28 | I3 Systems AI-based solution for automating claims processing and management for the health sector | $1M FY2025 | $4M | 26 | 2016 | Webflow EcommerceWebflowcore-js+8 | Top 50M | — |
| 29 | Cashflo Provider of AP automation, payments, compliance, and vendor management software 60Moat top 29%Tech top 33%Growth top 34%Talent top 38% All 10 signals ▾Moattop 29% Techtop 33% Growthtop 34% Talenttop 38% Fundingtop 40% Markettop 46% Producttop 49% Fin. healthbottom 45% Globalbottom 39% Newsbottom 32% Moat: Top 29% by revenue among 189 tracked SCM Software companies · Editorial + unicorn rating 7/10 Tech: 32 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 rank vs industry peers · Fliar Intelligence Index 60/100 | $1M FY2025 | $13M | 110 110 → 111 (+1%) · sector median +30% | 2019 | SentryTypeScriptApexCharts.js+17 | Top 5M | — |
| 30 | tmw App-based payment wallet for individuals | $1M FY2025 | $5M | 12 | 2015 | — | — | — |
| 31 | Suvidhaa Operator of tech-enabled retail outlets providing financial and other services | $1M FY2025 | $38M | 17 | 2007 | Cart FunctionalityAdobe Experience ManagerJava+33 | Top 5M | — |
| 32 | i-XL Technologies Loan life cycle management software for lenders & financial institutions | $1M FY2025 | $299K | 72 | 2008 | — | — | — |
| 33 | TranZact Provider of cloud-based software for streamlining manufacturing business processes 64Tech top 28%Talent top 28%Innovation top 33%Growth top 33% All 10 signals ▾Techtop 28% Talenttop 28% Innovationtop 33% Growthtop 33% Moattop 38% Producttop 40% Markettop 48% Fundingtop 48% Fin. healthbottom 41% Globalbottom 37% Tech: 33 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 64/100 | $700K FY2025 | $8M | 63 | 2017 | Cart FunctionalityGoogle Sign-inElement UI+18 | Top 100k | — |
| 34 | Kodo Intake-to-pay, corporate cards, and accounts payable automation solutions | $643K FY2025 | $9M | 43 43 → 57 (+33%) · sector median +30% | 2019 | Framer SitesReactMicrosoft Clarity+8 | Top 5M | — |
| 35 | Healthysure Online platform for employee health insurance benefits 55Growth top 28%Tech top 30%Moat top 37%Talent top 38% All 10 signals ▾Growthtop 28% Techtop 30% Moattop 37% Talenttop 38% Fundingtop 45% Fin. healthbottom 43% Marketbottom 41% Productbottom 40% Globalbottom 37% Newsbottom 22% Growth: Revenue +86% YoY · Web rank 5,000,000 → 10,000,000 YoY Tech: 55 technologies across 4/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 rank vs industry peers · Fliar Intelligence Index 55/100 | $621K FY2025 | $3M | 23 23 → 39 (+70%) · sector median +30% | 2021 | WordPressBetterDocsZoho+36 | Top 5M | 1 partnership |
| 36 | Jify Provider of on-demand salary, money management, and financial wellness solutions 48Talent top 28%Moat top 33%Funding top 37%Tech top 42% All 10 signals ▾Talenttop 28% Moattop 33% Fundingtop 37% Techtop 42% Producttop 42% Growthtop 44% Marketbottom 48% Globalbottom 37% Fin. healthbottom 29% Newsbottom 18% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Moat: Top 26% by revenue among 1371 tracked HRTech companies · Editorial + unicorn rating 5/10 rank vs industry peers · Fliar Intelligence Index 48/100 | $569K FY2025 | $11M | 69 69 → 97 (+41%) · sector median +30% | 2021 | WordPressMySQLPHP+30 | Top 5M | 1 partnership |
| 37 | Artfine Provider of bespoke supply chain finance solutions 48Growth top 14%Talent top 28%Moat top 43%Fin. health bottom 45% All 8 signals ▾Growthtop 14% Talenttop 28% Moattop 43% Fin. healthbottom 45% Fundingbottom 44% Marketbottom 37% Globalbottom 37% Techbottom 33% Growth: Revenue +64% YoY Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 48/100 | $421K FY2025 | $1M | — | 2018 | — | — | — |
| 38 | IFAnow Provider of financial planning, wealth management, and business operations solutions 48Growth top 32%Tech top 34%Talent top 35%Moat top 47% All 9 signals ▾Growthtop 32% Techtop 34% Talenttop 35% Moattop 47% Productbottom 45% Fundingbottom 42% Fin. healthbottom 40% Marketbottom 33% Globalbottom 29% Growth: Headcount 49 → 54 (+10%) across vintages · Revenue +76% YoY Tech: 34 technologies across 5/8 capability areas · Cloud: Amazon Ses, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 48/100 | $233K FY2025 | $569K | 54 54 → 70 (+30%) · sector median +30% | 2011 | TypeScriptNode.jsAmazon Web Services+21 | Top 10M | — |
| 39 | Thelightbulb Provider of AI tools for market research and consumer insights 72Growth top 20%Innovation top 25%Tech top 28%Talent top 28% All 11 signals ▾Growthtop 20% Innovationtop 25% Techtop 28% Talenttop 28% AItop 30% Moattop 33% Fundingtop 45% Producttop 45% Globalbottom 43% Fin. healthbottom 38% Marketbottom 32% Growth: Revenue +68% YoY · Web rank 10,000,000 → 5,000,000 YoY Innovation: 9 product lines · Deep-tech classification: Artificial Intelligence rank vs industry peers · Fliar Intelligence Index 72/100 | $187K FY2025 | $2M | 20 20 → 26 (+30%) · sector median +30% | 2021 | WordPressMySQLPHP+19 | Top 5M | 1 launch |
| 40 | AMORQA Provider of a robo-advisory solution for home loans | $134K FY2022 | $1M | 1 | 2012 | — | — | — |
| 41 | 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 | $15M | — | 2023 | Apple iCloud MailMicrosoft 365Ubuntu+8 | Top 50M | — |
| 42 | Mihuru Provider of point-of-sale financing solutions for travel bookings, allowing customers to book flights and… | $49K FY2025 | $566K | 18 | 2018 | TypeScriptWindows ServerW3.CSS+26 | Top 10M | — |
| 43 | Boson Systems White-labeled digital payment platform | $38K FY2025 | $4M | 32 | 2012 | — | — | — |
| 44 | Chillr Wallet-enabled payment solution for individuals | $29K FY2025 | $9M | 1 | 2014 | — | — | — |
| 45 | RefreshMint AI based solutions for acquisition of financial services | $15K FY2025 | $588K | — | 2019 | — | — | — |
| 46 | Medront Provider of a personal data management application with AI assistance 32Growth top 12%Talent top 38%Funding bottom 44%Product bottom 40% All 8 signals ▾Growthtop 12% Talenttop 38% Fundingbottom 44% Productbottom 40% Globalbottom 37% Fin. healthbottom 36% Moatbottom 26% Marketbottom 12% Growth: Revenue +7332467% YoY · Fresh capital in last 24 mo Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 32/100 | $3K FY2025 | $126K | — | 2023 | — | — | — |
| 47 | Kiya.ai Provider of digital solutions for financial institutions and government organizations | — | $25M | 1,539 1,539 → 1,155 (-25%) · sector median +30% | 1995 | WordPressApple iCloud MailMicrosoft 365+31 | Top 5M | — |
| 48 | Switchme Online platform offering a price comparison and loan switching tool | — | $5M | — | 2012 | — | — | — |
| 49 | Telr Provider of payment gateway services, enabling online payment acceptance solutions | — | $3M | 54 | 2013 | WordPressMySQLPHP+21 | Top 5M | — |
| 50 | Impactsure Provider of AI development and data analytics services | — | $1M | 53 | 2019 | BootstrapAmazon Web ServicesGoogle Font API+7 | Top 50M | 1 award |
Top 12 SaaS Fintech companies in Mumbai
#1
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 — 13.0% 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
#2
Series E · Mumbai, Maharashtra · founded 2015 · 272 employees$252.6Mraised▾
Series E · Mumbai, Maharashtra · founded 2015 · 272 employees
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions. It offers features including digital vendor management, material procurement management, supply chain financing, packaging sourcing, purchase order management, and more. It caters to multiple industries including packaging, textiles, apparel, and more.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Moat
top 21%Funding
top 26%Market
top 36%Tech
top 36%Product
top 41%AI
top 45%Moat: Top 4% by revenue among 334 tracked E-Commerce Enablers companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $253M across 12 rounds · 12 rounds over 11 yrs (1.1/yr) · Last round Series E (Mar 2025)
Market: 272 employees (top 22% of Fintech) · Revenue ~$23.1M · ~1% of tracked E-Commerce Enablers revenue (334 cos, FY2025)
Funding rounds
- Mar 2025Series E$4.5M
- Oct 2023Series E$50M
- Aug 2022Series D$25M
- Dec 2021Grant (prize money)—
Founders & team
Investors
Schroders Capital, British International Investment, International Finance Corp, Chiratae Ventures, IFC, B Capital
Tech stack
Amazon SesAmazon Web ServicesClevertapCloudflareCloudflare Bot ManagementCore-Js
#3
Series B · Mumbai, Maharashtra · founded 2017 · 158 employees$85.6Mraised▾
Series B · Mumbai, Maharashtra · founded 2017 · 158 employees
Fintech providing credit and financial solutions for farmers, retailers, and MSMEs. The company empowers rural India by offering timely access to affordable credit through technology. It focuses on supporting the growth of farmers, retailers, and MSMEs by addressing their financial needs with innovative solutions. The platform offers various products including retailer apps and credit checks. It aims to impact livelihoods in rural areas by providing financial services. The company uses technology to deliver financial solutions, promoting financial inclusion and economic development in rural communities. It is a B2B and B2C platform with social impact.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Moat
top 20%Funding
top 32%Talent
top 38%Product
top 40%Innovation
top 43%Market
top 48%Moat: Top 17% by revenue among 1177 tracked Crop Tech companies · Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $85.6M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) · Last round Series B (Apr 2025)
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Audience (LinkedIn): 71k LinkedIn followers — 8.1% of this cohort's audience · 59 engagements/post (1.5× cohort median)
Funding rounds
- Apr 2025Series B$3M
- Jul 2022Conventional Debt—
- Jul 2022Series B$50M
- Aug 2021Venture Debt$3.4M
Founders & team
Investors
Trifecta Capital, Syngenta Group, Blume Venture, Arkam Ventures, NABVENTURES, Prophetic Ventures
Tech stack
Apple Icloud MailCloudflareGoogle AnalyticsGoogle WorkspaceHstsHttp/3
#4
Series E · Mumbai, Maharashtra · founded 2017 · 1310 employees$169.9Mraised▾
Series E · Mumbai, Maharashtra · founded 2017 · 1310 employees
Provider of supply chain financing solutions for small and medium enterprises. It offers inventory financing and invoice payment solutions. The business provides credit lines and working capital loans. It facilitates invoice reconciliation and early payment discounts. The company offers integration with enterprise resource planning systems.
Fliar Intelligence Index™ 82how this company ranks against its industry peers
Moat
top 21%Market
top 26%Funding
top 27%Talent
top 28%Fin. health
top 29%Growth
top 36%Moat: Top 4% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 8/10 · Soonicorn
Market: 1,310 employees (top 5% of Fintech) · Revenue ~$67.3M · Top 4% by revenue among 743 tracked Alternative Lending peers
Funding: Raised $170M across 6 rounds · 6 rounds over 9 yrs (0.7/yr) · Last round Series E (Nov 2024)
Audience (LinkedIn): 39k LinkedIn followers — 4.4% of this cohort's audience
Hiring (LinkedIn): 5 hiring posts in 12 mo (public) · momentum +1 · hiring: Relationship Executive, Senior Manager – Business Development (Supply Chain Financing)
Activity (LinkedIn): 1 expansions announced in 12 mo
Funding rounds
- Nov 2024Series E$100M
- Mar 2023Series D$110M
- Feb 2022Series C$40.2M
- Mar 2021Series B$6M
Founders & team
Investors
Growth Catalyst Partners, IFC, Prosus, Ontario Teachers' Pension Plan, Premji Invest, Elevation Capital
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAws Certificate ManagerBootstrapCdnjs
#5
Series B · Mumbai, Maharashtra · founded 2017 · 247 employees$60Mraised▾
Series B · Mumbai, Maharashtra · founded 2017 · 247 employees
Provider of working capital solutions and supply chain finance programs. The company offers platforms for early payments, receivables financing, and digital KYC. It facilitates trade financing, loan origination, and embedded finance solutions. The business provides programs for enterprises, financial institutions, and small to medium sized businesses.
Fliar Intelligence Index™ 74how this company ranks against its industry peers
Moat
top 20%Talent
top 22%Funding
top 31%Fin. health
top 32%Tech
top 35%Market
top 36%Moat: Top 1% by revenue among 189 tracked SCM Software companies · Editorial + unicorn rating 8/10 · Soonicorn
Talent: Analyst team rating 5/5 · 4 named leaders on record · 4 C-suite/founder profiles curated
Funding: Raised $60.0M across 9 rounds · 9 rounds over 9 yrs (1.0/yr) · Last round Series B (Mar 2025)
Audience (LinkedIn): 73k LinkedIn followers — 8.3% of this cohort's audience
Activity (LinkedIn): 1 product launches · 2 awards announced in 12 mo
Funding rounds
- Mar 2025Series B$4.1M
- Jun 2024Conventional Debt$3.6M
- Nov 2023Series B$10M
- Aug 2022Series B$9M
Founders & team
Investors
Equentia Natural Resources, Maharashtra State Innovation Society, Alpha Capital, Aarin Capital, SLK Software, Adventz
Tech stack
AddtoanyAddtoany Share ButtonsAkismetAnimate.CssAnime.JsApache Http Server
#6
Seed · Mumbai, Maharashtra · founded 2023$15Mraised▾
Seed · Mumbai, Maharashtra · founded 2023
Provider of supply chain finance and business loans for small and medium enterprises. Services include sales and purchase invoice discounting, factoring for freight forwarders, and deep tier financing. These financial solutions assist businesses in managing cash flow and securing capital for operational needs.
Fliar Intelligence Index™ 27how this company ranks against its industry peers
Growth
top 21%Talent
bottom 49%Funding
bottom 47%Fin. health
bottom 37%Global
bottom 34%Tech
bottom 28%Growth: Revenue +1799% YoY · Fresh capital in last 24 mo
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Funding: Raised $15.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Seed (Oct 2025)
Audience (LinkedIn): 10k LinkedIn followers
Funding rounds
- Oct 2025Seed$15M
- Oct 2025Conventional Debt—
Founders & team
Investors
Compagnie De Developpement De Leau
Tech stack
Apple Icloud MailBootstrapFancyboxGodaddyGoogle AnalyticsJquery
#7
Seed · Mumbai, Maharashtra · founded 2020 · 289 employees$2.7Mraised▾
Seed · Mumbai, Maharashtra · founded 2020 · 289 employees
Provider of asset management software for real estate and energy. This platform facilitates performance monitoring, compliance tracking, and financial reporting for infrastructure projects. It enables users to manage construction workflows, sales documentation, and operational data for renewable energy assets. The software also supports retail loan portfolio servicing, including collection strategies and account resolution management.
Fliar Intelligence Index™ 45how this company ranks against its industry peers
Talent
top 28%Moat
top 32%Growth
top 33%Market
top 50%Funding
bottom 48%Fin. health
bottom 48%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 · 9 curated direct competitors tracked
Growth: Headcount 158 → 289 (+83%) across vintages · Revenue +30% YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 9k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Electrical Design Engineer
Funding rounds
- Feb 2026Seed$2.2M
- May 2022Seed$2.8M
Founders & team
Investors
Desai Family Private Trust, Polestar Capital, Siddha Shankar Securities, Yogiraj Securities, Sonpari Securities, HDFC Capital
Tech stack
AosBootstrapBootstrap IconsGodaddyGoogle AnalyticsHsts
#8
Public · Mumbai, Maharashtra · founded 2011 · 401 employees$2Mraised▾
Public · Mumbai, Maharashtra · founded 2011 · 401 employees
Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows. It provides innovative solutions for business spend management, payments, and rewards through automated and streamlined workflows. Its comprehensive platform offers flexible and practical approaches to forward-thinking enterprises, simplifying employee benefits, expenses, allowances, and channel partner incentives. Its suite of products includes prepaid cards, digital rewards, and recognition platforms, serving businesses across various industries.
Fliar Intelligence Index™ 82how this company ranks against its industry peers
Fin. health
top 19%Partners
top 20%Tech
top 26%Moat
top 26%Growth
top 27%Market
top 28%Fin. health: Revenue ~$220M (FY2026) · Net margin 7.2% · Revenue +46% YoY
Partners: 3 partnership announcements in 12 mo (3 in 24 mo) · 25 contract events in 12 mo · Named contractor/client in 25 deals
Tech: 49 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Web Services · Observability: Microsoft Clarity
Funding rounds
- Dec 2025Post IPO$1.7M
- Oct 2025Post IPO$4.5M
- Dec 2024Post IPO$69.6M
- Aug 2023Series A$11.8M
Founders & team
Investors
Ventureast, Mavericks, Vivriti Asset Management, Bengal Finance and Investment, ValueQuest, Vikasa India EIF I Fund
Tech stack
Ant DesignBabelCdnjsCloudflareCore-JsElementor
#9
Acquired · Mumbai, Maharashtra · founded 2010 · 67 employees$2.3Mraised▾
Acquired · Mumbai, Maharashtra · founded 2010 · 67 employees
Developer of software solutions for the insurance and banking management. It provides users with UPI transactions and allows businesses to launch digital payment services. Itss product offerings include mobile payments platform, IMPS, agent management and enterprise admin, and travel and transport insurance platform, and more. The company also engages in providing application development and maintenance services.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Product
top 26%Fin. health
top 33%Innovation
top 34%Growth
top 35%Moat
top 36%Talent
top 38%Product: 5 distinct product lines · Company stage: Acquired
Fin. health: Revenue ~$4.0M (FY2024) · Net margin 4.9% · Revenue +99% YoY
Innovation: 5 product lines
Audience (LinkedIn): 9k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: engineering, project management
Funding rounds
- Mar 2025Seed$3M
- Sep 2024Seed$1.9M
- Nov 2021Seed$336.4K
- Oct 2014Angel$32.8K
Founders & team
Investors
Zaggle, Kvanto, FindiBANKIT
Tech stack
WordpressMysqlPhpCentosBootstrapOpenssl
#10
Seed · Mumbai, Maharashtra · founded 2021 · 20 employees$1.5Mraised▾
Seed · Mumbai, Maharashtra · founded 2021 · 20 employees
Provider of AI tools for market research and consumer insights. The company offers software for quantitative and qualitative data collection and analysis. Its tools include facial action coding, eye tracking, and speech transcription. It also provides generative AI, survey research, and text sentiment analysis.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Growth
top 20%Innovation
top 25%Tech
top 28%Talent
top 28%AI
top 30%Moat
top 33%Growth: Revenue +68% YoY · Web rank 10,000,000 → 5,000,000 YoY · Fresh capital in last 24 mo
Innovation: 9 product lines · Deep-tech classification: Artificial Intelligence
Tech: 38 technologies across 6/8 capability areas · Cloud: Cloudflare · Devops: Nginx
Audience (LinkedIn): 4k LinkedIn followers
Activity (LinkedIn): 3 product launches · 1 awards announced in 12 mo
Funding rounds
- May 2025Grant (prize money)$50K
- Jun 2022Seed$1.5M
Founders & team
Investors
Chiratae Ventures, Anthill Ventures, VideoVerse, 100Unicorns, Prosus
Tech stack
AngularCdnjsCloudflareContact Form 7Google AnalyticsGoogle Font Api
#11
Seed · Mumbai, Maharashtra · founded 2011 · 54 employees$568.8Kraised▾
Seed · Mumbai, Maharashtra · founded 2011 · 54 employees
Provider of financial planning, wealth management, and business operations solutions. The company offers tools for portfolio management and investment research. It also provides resources such as webinars and blog content. The platform includes features for billing, invoice automation, and compliance.
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Growth
top 32%Tech
top 34%Talent
top 35%Moat
top 47%Product
bottom 45%Funding
bottom 42%Growth: Headcount 49 → 54 (+10%) across vintages · Revenue +76% YoY · Fresh capital in last 24 mo
Tech: 34 technologies across 5/8 capability areas · Cloud: Amazon Ses, Amazon Web Services · Devops: Nginx
Talent: 3 named leaders on record
Audience (LinkedIn): 3k LinkedIn followers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Jul 2025Angel$126.8K
- Aug 2024Angel$461K
- Oct 2023Seed$216.7K
- Nov 2021Seed$402.5K
Founders & team
Investors
Manek Financial, iVentures Capital
Tech stack
Amazon SesAmazon Web ServicesAngularCloudflareCloudflare Bot ManagementCloudinary
#12
Public · Mumbai, Maharashtra · founded 2020 · 165 employees$3Mraised▾
Public · Mumbai, Maharashtra · founded 2020 · 165 employees
Provider of supply chain finance technology and digital lending solutions. The business offers a fully configurable lending platform with lending automation capabilities. It delivers digital origination and loan management system solutions for financial institutions. The company provides services for transaction banking, cash management, and trade finance. It also supports account receivables, corporate collections, and business process management.
Fliar Intelligence Index™ 74how this company ranks against its industry peers
Fin. health
top 17%Product
top 24%Moat
top 30%Growth
top 31%Market
top 34%News
top 41%Fin. health: Revenue ~$9.5M (FY2025) · Net margin 29.9% · Revenue +222% YoY
Product: 2 distinct product lines · Company stage: Public
Moat: Top 10% by revenue among 189 tracked SCM Software companies · Editorial + unicorn rating 5/10 · 10 curated direct competitors tracked
Audience (LinkedIn): 15k LinkedIn followers
Hiring (LinkedIn): 3 hiring posts in 12 mo (public) · momentum +3 · hiring: Technical Lead - Java & Angular, Head - Platform Engineering & DevOps
Funding rounds
- Dec 2024Post IPO$16M
- Dec 2021Series A$3M
Founders & team
Investors
GTR Ventures
Tech stack
Apache Http ServerBootstrapFont AwesomeGodaddyGoogle AnalyticsGoogle Font Api
Funding & investor landscape
$1.3Btotal disclosed funding
75companies funded
231disclosed rounds
0rounds last 90 days
Most active investors
Accel3 rounds
Notable founders
Kaushik Shah
Co-Founder · Idfy
Wriju Ray
Co-Founder & CBO · Idfy
Sachin Agrawal
Co-Founder · Bizongo
Arjun Ahluwalia
Co-Founder & CEO · Jai Kisan
Adriel Maniego
Co-Founder · Jai Kisan
Sanjoy Shome
Co-Founder & COO · Mintifi
Anup Agarwal
Co-Founder & CEO · Mintifi
Ram Kewalramani
Co-Founder & MD · CredAble
Rajiv Ramnarayan
Co-Founder · CredAble
Ajitabh Bharti
Co-Founder · CapitalXB Finance
Srickant Rajagopal
Co-Founder · TruBoard
Vipul Thakore
Co-Founder · TruBoard
Prism market signals · India · country-scoped Prism corpus, 6,237,193 docs
Market landscape — 10 sub-themes by coverage
Share of SaaS 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
Blockchain research surged 1→5 papers as Indian institutions newly flag scalability and financial inclusion as breakthrough-level topics.
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
Payment and mobile banking research newly emerged, anchoring fintech advancements — Financial services papers exploded from 2→223.
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 rose 1→264, with digital transformation and financial literacy newly flagged as risk-relevant topics.
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 SaaS Fintech companies are there in Mumbai?
Radar tracks 257 indexable SaaS Fintech companies headquartered in Mumbai, India, that meet our profile-completeness bar.
What is the total funding raised by SaaS Fintech companies in Mumbai?
The SaaS Fintech companies in Mumbai on this list have raised a combined $1.3B in disclosed equity funding across 75 funded companies.
Which is the highest-funded SaaS Fintech company in Mumbai?
Bizongo is the highest-funded SaaS Fintech company in Mumbai, with $252.6M in disclosed equity funding.
How many SaaS Fintech companies in Mumbai are funded?
75 of the 257 SaaS Fintech companies in Mumbai on this list have disclosed at least one equity funding round.
How many SaaS Fintech unicorns are there in Mumbai?
1 SaaS Fintech company in Mumbai on this list is valued at $1B or more.
Who are the top investors in Mumbai SaaS Fintech companies?
The most active investors in Mumbai SaaS Fintech companies on this list include Maharashtra State Innovation Society, SINE, Blume Venture, IFC, Accel.
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.