Radar · Payments in Mumbai
Best Payments Companies in Mumbai, India
The 203 best Payments companies in Mumbai, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: SBI Payment Services.
By Riya SenguptaFinancials
203companies tracked
$1.5Bdisclosed funding
1unicorns
75have raised
FLIAR INTELLIGENCE · PAYMENTS × MUMBAI
Our analysis of 50 Payments companies
$10.6b in tracked funding; 90% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2021.
50companies analysed
90%cloud-native stacks
2021funding peak (by rounds)
10unicorns
2017median founding year
975kcombined LinkedIn audience
44%of audience held by top 3
7companies hiring publicly (12 mo)
Ranked: Best Payments companies in Mumbai
| # | Company | Disclosed funding | Revenue | Revenue YoY | Employees | Founded | Tech stack | 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 | $186M | $296M FY2024 | -12% | 756 756 → 788 (+4%) · sector median +21% | 2000 | Tailwind CSSAOSGoogle Analytics+2 | 1 partnership · 4 awards |
| 2 | SBI Payment Services Payment processing solutions for merchants | $218M | $265M FY2025 | +47% | 321 | 2019 | Node.jsReactNext.js App Router+12 | — |
| 3 | Fino Paytech Provider of technology solutions and services for banking and financial sectors | $177M | $221M FY2025 | +25% | 18 | 2006 | WordPressMySQLPHP+17 | 2 awards |
| 4 | 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 | $2M | $220M FY2026 | +46% | 401 | 2011 | Node.jsTailwind CSSAnt Design+24 | — |
| 5 | 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 | $81M | $182M FY2024 | — | 1,106 | 2002 | Amazon Web ServicesGoogle Font APISucuri+3 | — |
| 6 | Mosambee EMV enabled mPOS solution for accepting cards | $6M | $72M FY2025 | +44% | — | 2011 | Node.jsAmazon Web ServicesVue.js+8 | — |
| 7 | LivQuik Payment processing solutions for businesses | $7M | $63M FY2025 | +36% | 57 57 → 40 (-30%) · sector median +21% | 2012 | TurbopackApple iCloud MailMicrosoft 365+15 | — |
| 8 | Electronic Payment and Services Provider of end-to-end ATM outsourcing, digital payment, and platform solutions | $44M | $50M FY2025 | -3% | 281 281 → 332 (+18%) · sector median +21% | 2011 | Node.jsTailwind CSSReact+9 | — |
| 9 | Mindgate Provider of digital payment platform, retail, transaction banking, and other solutions 69Fin. health top 22%Moat top 23%Growth top 29%Market top 34% All 9 signals ▾Fin. healthtop 22% Moattop 23% Growthtop 29% Markettop 34% Talenttop 38% Fundingtop 43% Newsbottom 45% Globalbottom 37% Techbottom 31% Fin. health: Revenue ~$42.0M (FY2024) · Net margin 6.7% Moat: Top 5% by revenue among 743 tracked Payments companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 69/100 | $10M | $42M FY2025 | +41% | 1,330 | 2008 | WordPressPleskMySQL+11 | — |
| 10 | Mswipe Provider of payment technology solutions for retail and online businesses | $126M | $40M FY2025 | +21% | 1,151 1,151 → 2,399 (+108%) · sector median +21% | 2011 | ZohoBootstrapGSAP+18 | 1 award |
| 11 | ISG Provider of payment processing software for card issuance and switching | $9M | $39M FY2025 | +27% | 1,796 1,796 → 1,464 (-18%) · sector median +21% | 2004 | Cart FunctionalityWordPressMySQL+21 | 1 launch |
| 12 | PayNearby Digital platform providing range of payment and digital banking services | $2M | $37M FY2025 | -17% | 838 838 → 1,490 (+78%) · sector median +21% | 2016 | TypeScriptMaterial Design LiteZone.js+16 | — |
| 13 | TechProcess Payment Services Online payment processing solutions provider | $12M | $26M FY2017 | +29% | 360 | 2000 | — | — |
| 14 | Airpay Provider of omnichannel payment gateway solutions and financial service platform | $4M | $25M FY2025 | +66% | 560 560 → 679 (+21%) · sector median +21% | 2012 | PHPBootstrapApache HTTP Server+15 | 2 launchs |
| 15 | Pay Point India Provider of digital financial services and retail solutions via agent network | $3M | $24M FY2025 | +32% | 966 966 → 623 (-36%) · sector median +21% | 2007 | Windows ServerMicrosoft ASP.NETBootstrap+10 | 2 job openings · 1 award |
| 16 | Mosambee Hardware & software-based POS terminals for merchants and businesses | $5M | $23M FY2023 | — | 342 | 2012 | — | — |
| 17 | Citrus Pay Online payment app for consumers and businesses | $32M | $18M FY2017 | +34% | 160 | 2011 | Ant DesignReact RouterReact+5 | — |
| 18 | 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 | $40M | $13M FY2025 | +27% | 134 134 → 153 (+14%) · sector median +21% | 2017 | Node.jsTailwind CSSReact+12 | 1 launch · 2 partnerships · 1 expansion |
| 19 | Zipcash Provider of mobile-based prepaid payment instruments and voucher services | $34M | $12M FY2023 | — | 147 | 2007 | Microsoft ASP.NETAmazon Web ServicesZendesk+4 | — |
| 20 | BharatNXT Provider of B2B compliant payment solutions | $3M | $12M FY2025 | +54% | 28 | 2018 | WordPressMySQLPHP+12 | — |
| 21 | PayCraft Provider of payment platforms and card solutions for various applications | $1M | $11M FY2025 | +55% | 9 | 2013 | WordPressMySQLPHP+17 | 1 job opening |
| 22 | 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 | $167M | $11M FY2025 | +13% | 415 | 2019 | GhostNode.jsTailwind CSS+26 | — |
| 23 | 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 | $24M | $9M FY2025 | -75% | 56 | 2018 | Apple iCloud MailGoogle WorkspaceTypeScript+22 | — |
| 24 | 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 | $2M | $4M FY2025 | +99% | 67 | 2010 | WordPressMySQLZoho+30 | 1 job opening |
| 25 | GrayQuest Provider of educational financing services through integrated fee collection platform for educational… 48Moat top 25%Funding top 33%Market top 38%Talent top 38% All 9 signals ▾Moattop 25% Fundingtop 33% Markettop 38% Talenttop 38% Techtop 44% Growthbottom 44% Globalbottom 37% Fin. healthbottom 29% Newsbottom 18% Moat: Top 8% by revenue among 422 tracked Higher Education Tech companies · Editorial + unicorn rating 7/10 Funding: Raised $15.0M across 5 rounds · 5 rounds over 6 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 48/100 | $15M | $3M FY2025 | — | 283 283 → 669 (+136%) · sector median +21% | 2017 | SentryApple iCloud MailGoogle Workspace+17 | 4 job openings |
| 26 | AggrePay Provider of payment gateway and related financial services | $2M | $2M FY2024 | +39% | 11 | 2017 | BootstrapCloudflarecdnjs+9 | — |
| 27 | Itz Cash Card Platform for payment and prepaid card solutions for businesses | $42M | $2M FY2025 | -73% | 150 | 2006 | Amazon Web ServicesHSTSGoogle Workspace | — |
| 28 | tmw App-based payment wallet for individuals | $5M | $1M FY2025 | +248% | 12 | 2015 | — | — |
| 29 | Suvidhaa Operator of tech-enabled retail outlets providing financial and other services | $38M | $1M FY2025 | +3% | 17 | 2007 | Cart FunctionalityAdobe Experience ManagerJava+33 | — |
| 30 | Nimbbl Provider of one-click checkout and payment solutions for online businesses | $7M | $961K FY2025 | +226% | 34 34 → 31 (-9%) · sector median +21% | 2020 | Cart FunctionalityNode.jsUbuntu+20 | — |
| 31 | Kodo Intake-to-pay, corporate cards, and accounts payable automation solutions | $9M | $643K FY2025 | -15% | 43 43 → 57 (+33%) · sector median +21% | 2019 | Framer SitesReactMicrosoft Clarity+8 | — |
| 32 | VegaPay Provider of technology to build and launch banking and credit products | $7M | $514K FY2025 | +48% | 52 52 → 111 (+113%) · sector median +21% | 2022 | Framer SitesReactAmazon Web Services+7 | 7 job openings · 1 award |
| 33 | Dhani Pay Provider of prepaid cards, UPI payments, mobile recharge, and bill payment | $27M | $492K FY2025 | -87% | 5 | 2010 | YouTubeBootstrapGoogle Cloud+20 | — |
| 34 | Transerve Provider of digital payment solutions and electronic payment services primarily for individuals and… | $19M | $492K FY2025 | -87% | 5 | 2011 | — | — |
| 35 | LEO 1 Provider of alumni network platform with banking, rewards, and connection features 27Talent top 28%Funding top 30%Moat top 38%Tech top 44% All 10 signals ▾Talenttop 28% Fundingtop 30% Moattop 38% Techtop 44% Producttop 46% Marketbottom 47% Globalbottom 39% Newsbottom 22% Growthbottom 20% Fin. healthbottom 19% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Funding: Raised $41.7M across 5 rounds · 5 rounds over 7 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 27/100 | $42M | $436K FY2025 | -60% | 64 64 → 155 (+142%) · sector median +21% | 2017 | Cart FunctionalityNode.jsYouTube+14 | — |
| 36 | BriskPe Provider of international payment solutions for businesses and service professionals | $5M | $208K FY2025 | +2288% | 33 33 → 41 (+24%) · sector median +21% | 2023 | WordPressMySQLPHP+32 | — |
| 37 | 7 Ring NFC-enabled wearable ring for contactless payments 42Growth top 20%Talent top 28%Tech top 46%Moat top 47% All 9 signals ▾Growthtop 20% Talenttop 28% Techtop 46% Moattop 47% Fundingbottom 42% Productbottom 40% Fin. healthbottom 36% Globalbottom 32% Marketbottom 30% Growth: Revenue +98% YoY · Web rank 5,000,000 → 1,000,000 YoY Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 42/100 | $250K | $142K FY2025 | +98% | — | 2017 | Cart FunctionalityWebflowNode.js+15 | — |
| 38 | EximPe Platform that simplifies international trade payments for businesses by offering a seamless cross-border… | $4M | $53K FY2025 | -95% | 28 | 2021 | WordPressMySQLPHP+27 | — |
| 39 | CityCash Developer of tap-to-pay solutions for retail, transit, and government payments | $5M | $43K FY2025 | -54% | 41 | 2017 | — | — |
| 40 | Boson Systems White-labeled digital payment platform | $4M | $38K FY2025 | -4% | 32 | 2012 | — | — |
| 41 | HiWiPay Provider of cross-border payment solutions | $2M | $34K FY2025 | +13% | 20 20 → 35 (+75%) · sector median +21% | 2022 | WordPressMySQLPHP+21 | — |
| 42 | Chillr Wallet-enabled payment solution for individuals | $9M | $29K FY2025 | +220% | 1 | 2014 | — | — |
| 43 | Digital India Payments Provider of digital payment and financial transaction services | $3M | $9K FY2025 | +1116% | 10 | 2013 | — | — |
| 44 | Slonkit Prepaid card and digital wallet for teenagers and students | $2M | $1K FY2025 | — | 1 | 2015 | — | — |
| 45 | Winvesta Fintech company that provides a cross-border payments and investing platform | $3M | $254 FY2024 | — | 11 11 → 13 (+18%) · sector median +21% | 2019 | SanityNode.jsGoogle Maps+25 | — |
| 46 | Money-On-Mobile Limited information available | $30M | — | — | 24 | 2010 | — | — |
| 47 | Venture Infotek Transaction processing and payment solutions | $20M | — | — | 500 | 1997 | — | — |
| 48 | Telr Provider of payment gateway services, enabling online payment acceptance solutions | $3M | — | — | 54 | 2013 | WordPressMySQLPHP+21 | — |
| 49 | mChek Bill payments platform for consumers | $5M | — | — | — | 2006 | — | — |
| 50 | Quikwallet Mobile wallet app for payments at restaurants | $3M | — | — | 75 | 2012 | RubyRuby on RailsEnvoy+13 | — |
Top 12 Payments companies in Mumbai
#1
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 — 24.2% 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
#2
Series A · Mumbai, Maharashtra · founded 2017 · 134 employees$40Mraised▾
Series A · Mumbai, Maharashtra · founded 2017 · 134 employees
Digital payments and engagement solutions for MSMEs. The company provides omnichannel payment solutions, a smart processing solution, tools for retailers to track credit transactions, and more. It also offers services like customer recognition, feedback and ratings, analytics, insights, and more.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Customers
top 22%Talent
top 23%Moat
top 31%Funding
top 32%Fin. health
top 33%Growth
top 38%Customers: App rating 4.6★ (139,511 reviews) · Review volume +1% in 6 mo · Marquee-customer mentions: top 30% of tracked companies
Talent: 5 named leaders on record · 5 C-suite/founder profiles curated
Moat: Top 12% by revenue among 743 tracked Payments companies · Editorial + unicorn rating 5/10 · 9 curated direct competitors tracked
Audience (LinkedIn): 11k LinkedIn followers
Activity (LinkedIn): 1 product launches · 2 partnerships · 1 expansions (incl. Visa) announced in 12 mo
Funding rounds
- Dec 2025Series A$5.9M
- Jan 2023Series A$20M
- Aug 2021Seed$1.4M
- Apr 2021Angel$183.9K
Founders & team
Investors
Pravega Ventures, Pg Paper Company Ltd, HDFC Bank, PayPal, British International Investment, White Whale Partners
Tech stack
CdnjsCloudflareFont AwesomeGodaddyGoogle AnalyticsGoogle Font Api
#3
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
#4
Acquired · Mumbai, Maharashtra · founded 2008 · 1330 employees$10.1Mraised▾
Acquired · Mumbai, Maharashtra · founded 2008 · 1330 employees
Provider of digital payment platform, retail, transaction banking, and other solutions. The company delivers central infrastructure, reconciliation, and settlement options. It offers services to merchants and third-party application providers. The business provides solutions for retail payments, transaction banking, and government sectors.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Fin. health
top 22%Moat
top 23%Growth
top 29%Market
top 34%Talent
top 38%Funding
top 43%Fin. health: Revenue ~$42.0M (FY2024) · Net margin 6.7% · Revenue +41% YoY
Moat: Top 5% by revenue among 743 tracked Payments companies · Editorial + unicorn rating 7/10 · 10 curated direct competitors tracked
Growth: Headcount 1,031 → 1,330 (+29%) across vintages · Revenue +41% YoY · Fresh capital in last 24 mo
Funding rounds
- Mar 2025Series A—
- Jun 2019Series A$10.2M
Founders & team
Investors
ACI Worldwide, PayU
Tech stack
ElementorHstsMysqlNginxOpen GraphPhp
#5
Seed · Mumbai, Maharashtra · founded 2017$249.7Kraised▾
Seed · Mumbai, Maharashtra · founded 2017
NFC-enabled wearable ring for contactless payments. contactless payment ring enabling payment at POS by placing the ring on the point of sale device. Draws power from the POS machine, so has no battery and does not require charging like other wearables.
Fliar Intelligence Index™ 42how this company ranks against its industry peers
Growth
top 20%Talent
top 28%Tech
top 46%Moat
top 47%Funding
bottom 42%Product
bottom 40%Growth: Revenue +98% YoY · Web rank 5,000,000 → 1,000,000 YoY · Fresh capital in last 24 mo
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Tech: 21 technologies across 4/8 capability areas · Cloud: Cloudflare · Security: Hsts, Http/3
Funding rounds
- Feb 2026Seed—
- Mar 2025Seed$463.7K
- Jan 2025Angel$86.7K
- Nov 2023Angel$86.4K
Founders & team
Investors
Vinners, Anchorage Capital Partners, Venture Catalysts, Vishnuvibe Advisors, Risewell Housing
Tech stack
Cart FunctionalityCloudflareCloudflare Browser InsightsCore-JsFacebook PixelGoogle Analytics
#6
Series B · Mumbai, Maharashtra · founded 2017 · 64 employees$41.7Mraised▾
Series B · Mumbai, Maharashtra · founded 2017 · 64 employees
Provider of alumni network platform with banking, rewards, and connection features. The platform facilitates communication and engagement between alumni and institutions. It offers tools for verified communication, data-driven alumni connections, and institutional branding. The platform supports career growth through mentorship and provides access to benefits. Its offerings include fee management systems, EMI-based fee payment options, smart ID cards, and a rewards program that incentivizes timely payments with redeemable coins.. It also provides financial literacy modules, virtual stock simulators, and access to education loans to support students and institutions.
Fliar Intelligence Index™ 27how this company ranks against its industry peers
Talent
top 28%Funding
top 30%Moat
top 38%Tech
top 44%Product
top 46%Market
bottom 47%Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Funding: Raised $41.7M across 5 rounds · 5 rounds over 7 yrs (0.7/yr) · Last round Series B (Jun 2024)
Moat: Top 45% by revenue among 743 tracked Payments companies · Editorial + unicorn rating 8/10 · 9 curated direct competitors tracked
Audience (LinkedIn): 20k LinkedIn followers — 2.0% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Jun 2024Series B—
- May 2024Series B$202.8K
- Apr 2022Series B$31M
- Jun 2020Seed$3M
Founders & team
Investors
Ardent Venture Partners, DMI Sparkle Fund, Nueva Capital, Maxar.vc, 100Unicorns, Arvog
#7
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
#8
Series E · Mumbai, Maharashtra · founded 2011 · 1151 employees$125.9Mraised▾
Series E · Mumbai, Maharashtra · founded 2011 · 1151 employees
Provider of payment technology solutions for retail and online businesses. The company offers smart point-of-sale devices, sound boxes, and payment gateways. These solutions facilitate in-store transactions via cards, UPI, and payment links. Additionally, the company provides merchant applications and portals for managing transactions, settlements, and invoices. The business also offers APIs and SDKs for integration with business software.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 30k LinkedIn followers — 3.1% of this cohort's audience
Hiring: 1 hiring post in 12 mo (public) · hiring: QA Tester
Activity: 1 awards announced in 12 mo
Funding rounds
- Jun 2023Series E$20M
- Mar 2019Series E$31.2M
- Aug 2018Series D—
- Sep 2017Series D$11.3M
Founders & team
Investors
DSG Consumer Partners, B Capital, Axis Bank, Olive Advisors, Z47, Haystack Investment
Tech stack
Amazon ElbAmazon SesAmazon Web ServicesBootstrapGoogle WorkspaceHsts
#9
Seed · Mumbai, Maharashtra · founded 2007 · 966 employees$2.7Mraised▾
Seed · Mumbai, Maharashtra · founded 2007 · 966 employees
Provider of digital financial services and retail solutions via agent network. It enables retailers to offer services like money transfer, bill payments, recharges, insurance, travel booking, and e-commerce access. The company facilitates kiosk banking and micro ATM/AEPS services, providing cash withdrawal options. It focuses on expanding service offerings to increase retailer income and enhance customer convenience.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 15k LinkedIn followers · 53 engagements/post (2.5× cohort median)
Hiring: 2 hiring posts in 12 mo (public) · momentum +2 · hiring: Recruiter, HR Generalist
Activity: 1 awards announced in 12 mo
Funding rounds
- Jan 2025Seed$4M
- Dec 2016Seed$261.3K
- Feb 2016Seed$789.9K
- Mar 2014Seed$2.2M
Founders & team
Investors
Shriambepunjinivesh, Bimpsun Investment, Yanik Investment, Vee Vee En Sons Exports, Fernsgroup, Win Win Security
Tech stack
BootstrapCloudflareGoogle AnalyticsGoogle Tag ManagerGoogle WorkspaceHsts
#10
Seed · Mumbai, Maharashtra · founded 2016 · 838 employees$2.2Mraised▾
Seed · Mumbai, Maharashtra · founded 2016 · 838 employees
Digital platform providing range of payment and digital banking services. It operate on a B2B2C model, where it partner with neighbourhood retail stores and enable them with the tools to provide assisted financial and digital commerce services to their local communities. Its innovative solutions are modelled to make transactions seamless, quick and easy and strives to empower its retail partners and their customers. Local communities access it to avail a range of services including cash withdrawal, cash deposits, money transfer, savings, insurance, travel, digital payments, access to government benefits and many more.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 46k LinkedIn followers — 4.8% of this cohort's audience
Funding rounds
- Feb 2025Angel$2.3M
- Jun 2016Seed$2.2M
Founders & team
Investors
Roha, Catalyst, The Gain, Silk Bridge Partners, BetaPlus, Boleh Ventures
Tech stack
WordpressMysqlPhpYoutubeContact Form 7Nginx
#11
Seed · Mumbai, Maharashtra · founded 2022 · 20 employees$1.8Mraised▾
Seed · Mumbai, Maharashtra · founded 2022 · 20 employees
Provider of cross-border payment solutions. It is designed to simplify international transactions for exporters, MSMEs, freelancers, and global businesses. The platform enables users to receive payments from overseas customers through virtual accounts, with seamless conversion and settlement into local bank accounts. It streamlines the entire export payment workflow, including invoicing, payment tracking, compliance documentation, and automated reconciliation.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 8k LinkedIn followers
Funding rounds
- Feb 2025Seed$2M
- Oct 2023Seed$870.7K
- Sep 2022Seed$908.8K
Founders & team
Investors
Urmin Group, Unicorn India Ventures, Unmaj, Jupiter Metaverse
Tech stack
Apache Http ServerCore-JsElementorEssential Addons For ElementorFacebook PixelFont Awesome
#12
Series B · Mumbai, Maharashtra · founded 2017 · 283 employees$15Mraised▾
Series B · Mumbai, Maharashtra · founded 2017 · 283 employees
Provider of educational financing services through integrated fee collection platform for educational institutions. It is a SaaS-based integrated fee collection platform for educational institutions. Their platform enables seamless online payments, real-time tracking, and easy reconciliation, reducing administrative burden for schools and colleges. Additionally, it offers value-added services such as flexible EMI options and insurance coverage, enhancing convenience and financial accessibility for students and parents.
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Moat
top 25%Funding
top 33%Market
top 38%Talent
top 38%Tech
top 44%Growth
bottom 44%Moat: Top 8% by revenue among 422 tracked Higher Education Tech companies · Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Funding: Raised $15.0M across 5 rounds · 5 rounds over 6 yrs (0.8/yr) · Last round Series B (Jun 2024)
Market: 283 employees (top 5% of K-12 EdTech) · Revenue ~$2.9M · Top 8% by revenue among 422 tracked Higher Education Tech peers
Audience (LinkedIn): 65k LinkedIn followers — 6.7% of this cohort's audience
Hiring (LinkedIn): 6 hiring posts in 12 mo (public) · momentum +2 · hiring: Senior Software Developer, Term Insurance Advisor
Funding rounds
- Jun 2024Series B$9.6M
- Jan 2024Series A$102.2K
- Dec 2022Series A$7.2M
- Apr 2021Seed$1.4M
Founders & team
Investors
Beeline Impex, Nine International Securities, Kahan Traders, Rajat Fiscal Services, Varcap Advisors, Astra
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesApple Icloud MailBootstrapCdnjs
Funding & investor landscape
$1.5Btotal disclosed funding
75companies funded
226disclosed rounds
0rounds last 90 days
Most active investors
QED Innovation Labs3 rounds
Notable founders
Vishnu Jerome
Co-Founder · Jupiter
Rohit Ramana
Co-Founder & CFO · Mintoak
Sanjay Nazareth
Co-Founder · Mintoak
Raj Narayanam
Founder & Executive Chairman · Zaggle
Avinash Godkhindi
CEO & Managing Director · Zaggle
Guhan Muthusamy
Co-Founder · Mindgate
George Sam
Co-Founder & Business Head · Mindgate
Karthik Menon
Co-Founder · 7 Ring
Mahek Savla
Co-Founder · 7 Ring
Debi Baral
Co-Founder & CTO · LEO 1
Naveesh Reddy
Co-Founder & COO · LEO 1
Satyajit Kanekar
Co-Founder & CEO · Mobileware Tech
Prism market signals · India · country-scoped Prism corpus, 245,398 docs
Market landscape — 10 sub-themes by coverage
Share of Payments coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
PATENT MOMENTUM · Mumbai
Who's building digital payments IP in Mumbai
Digital India Payments dominates Mumbai's digital-payments patents with 21 of 23 filings, while activity has been cooling since peaking around 2019.
23 patents2 companiespeak 4/yr
filing momentum (YoY)
top patenters
- Digital India Payments21Mumbai
- A Little World2Mumbai
Common questions
How many Payments companies are there in Mumbai, India?
Radar tracks 203 indexable Payments companies headquartered in Mumbai, India, India, that meet our profile-completeness bar.
What is the total funding raised by Payments companies in Mumbai, India?
The Payments companies in Mumbai, India on this list have raised a combined $1.5B in disclosed equity funding across 75 funded companies.
Which is the highest-funded Payments company in Mumbai, India?
SBI Payment Services is the highest-funded Payments company in Mumbai, India, with $218.3M in disclosed equity funding.
How many Payments companies in Mumbai, India are funded?
75 of the 203 Payments companies in Mumbai, India on this list have disclosed at least one equity funding round.
How many Payments unicorns are there in Mumbai, India?
1 Payments company in Mumbai, India on this list is valued at $1B or more.
Who are the top investors in Mumbai, India Payments companies?
The most active investors in Mumbai, India Payments companies on this list include SIDBI Venture Capital, Z47, Blume Venture, IIMA Ventures, Mirae Asset.
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.