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Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE INDIA EDITION 2026

India’s
accounting and tax software industry,
in focus.

The companies, capital and talent shaping accounting and tax software in India. Find the leaders. Understand the segments. See where the activity is.

Explore in Radar Read the key signals
Snapshot: Funding in USD
Illustrated cover for Accounting and Tax Software Industry Landscape of India
IN
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Accounting and Tax Software illustration
Companies tracked 1,684Accounting and Tax Software ecosystem in India Disclosed funding $2.28B162 companies · all recorded rounds Companies hiring 145With open roles at the snapshot Tracked open roles 29428 employers posted in the preceding 30 days
MEET THE COMPANIES

Explore India’s accounting and tax software leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

Expand panel +
Explore the full landscape
Accounting and Tax Software company highlights in India, snapshot 30 August 2026
Company
Razorpayrazorpay.com$741.62M6 roles1,952—
Bizongobizongo.com$310.46M—272Financial figure available in RadarView in Radar
Khatabookkhatabook.com$186.62M—199—
Clearclear.in$140.8M—812—
Xoxodayxoxoday.com$100.61M—269$57.45MFYFY2025 filing
Zagglezaggle.in$95.58M—401$136.32MFYFY2025 filing
OkCreditokcredit.in$84.87M—68—
PayMatepaymate.in$58.7M—84Financial figure available in RadarView in Radar
Scalejetscalejet.io—12 roles——
EquityListequitylist.co—6 roles——
TartanHQtartanhq.com—6 roles48—
Varthakvarthak.io—6 roles——
CredFlowcredflow.in—5 roles140—
Ginesysginesys.in—5 roles115$5.44MFYFY2025 filing
SalaryBoxsalarybox.in—5 roles75—
Bluecopabluecopa.com——34—
ClearTaxcleartax.in——851Financial figure available in RadarView in Radar
Cygnet Onecygnet.one———Financial figure available in RadarView in Radar
GoGSTBillgogstbill.com————
HostBookshostbooks.com——350$4.15MFYFY2025 filing
IRISirisbusiness.com——367$12.51MFYFY2025 filing
Neeyamoneeyamo.com——3,000—
Ramcoramco.com——1,596—
Relyonrelyonsoft.com——519—
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Startup discovery

Recorded classifications only
THE KEY SIGNALS

Accounting and Tax Software industry KPIs in India

A few useful ratios bring the size of this ecosystem into perspective.

30 August 2026
Hiring participation8.6%

145 of 1,684 tracked companies have open roles.

Funding participation10.6%

178 of 1,684 tracked companies have a recorded round.

Top 3 funding share54.4%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$398.48K

Midpoint of 374 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 54.4% of disclosed capital, while 89.4% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How India accounting and tax software has grown

Recorded company formation and disclosed funding across the complete annual series shown.

Expand panel +
2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

India accounting and tax software
$0$276.69M$553.38M$830.07M$1.11B2016: $27.72M20162017: $31.03M20172018: $101.45M20182019: $284.28M20192020: $224.87M20202021: $970.84M20212022: $198.2M20222023: $89.83M20232024: $112.09M20242025: $114.6M2025
View the numbers
Annual accounting and tax software funding and company formation in India
YearFunding (USD)FoundedRaising
2016$27.72M9825
2017$31.03M13224
2018$101.45M11827
2019$284.28M13234
2020$224.87M14435
2021$970.84M13943
2022$198.2M11547
2023$89.83M11034
2024$112.09M9429
2025$114.6M3020
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Razorpay32.6%
  • Bizongo13.6%
  • Khatabook8.2%
  • Other companies45.6%

Funding by stage

422 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel321 76.1%
Series A–B62 14.7%
Series C+ / PE22 5.2%
Grants, debt & other17 4.0%

Recent recorded rounds

Latest recorded rounds · USD
2 rounds

Swipe or scroll horizontally to browse.

Series A03/2026
Aerchain $13M

Backed by Pavestone Capital and IndiaMART.

Angel02/2026
CotoPay $82.77K

Backed by Anupam Mittal and Kunal Bahl.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

Annual accounts for reporting companies linked to this landscape, on like-for-like currency and reporting bases.

Expand panel +
₹ crore · standalone

Display conversions use the dated reference rates above. Where a verified rate is unavailable, figures retain their source currency. Each reporting cohort keeps its currency and accounting basis separate.

FY2025 · annual statements grouped by reported fiscal year; exact entity periods remain on preview rows · 430 reporting entities from 544 eligible matches.

Revenue in covered accounts₹7,580.7 crore

Sum of reporting-entity revenue; not India market sales.

Net profit / loss₹-1,003.5 crore

Combined result for the same cohort.

Aggregate net margin-13.2%

Combined net income ÷ combined revenue.

Median company revenue₹1.3 crore

The middle covered reporting entity.

Profitable entities+50.9%

219 of 430 covered entities.

Top-five concentration+46.4%

Share of covered revenue from the five largest entities.

Annual account trend

Reported cohort totals by year; coverage is stated for every period.

Bar height shows revenue. Changes in coverage can affect totals.

Profitability has two perspectives

FY2025 · 430 reporting entities

Open the company accounts

Up to eight fixed company previews show financial amounts. Search and sort the wider company list, then continue in Radar.

430 reporting entities
Continue your financial research in Radar

Explore full company accounts and filings.

View financials in Radar ↗
INDIA · INDUSTRY COHORTS

How does accounting and tax software compare?

Each pair uses the same year, currency and reporting basis. Cohort overlap is disclosed.

IndustryCovered / eligibleRevenue totalMedian revenueNet profit / lossAggregate marginProfitable shareOverlap

Available-account cohorts are not estimates of whole industries. Overlapping entities can occur in more than one cohort; do not add cohort totals.

Coverage, calculations & financial sources

Filed annual accounts for exact designated national identifiers. Every aggregate and peer pair uses one fiscal year, source currency and reporting basis; periods, coverage and overlap are explicit; 2026 partials are excluded.

The same up to eight reporting entities remain open across years, filters and sorts. Other company figures are available in Radar.

Source currencies and accounting bases stay separate. Missing accounts are excluded rather than treated as zero. Exact reporting periods appear on company previews. Annual totals can change with coverage and do not measure growth of a fixed company cohort.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the India companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

24 of the 1,684 companies on this page carry a measured traffic record (1.4%); these are the largest of those, by monthly visits. The median among them is 133,022 visits.

CompanyMonthly visitsAuthorityMobile
Razorpayrazorpay.com23,096,4017072.6%
ClearTaxcleartax.in10,078,5418480.9%
Tally Solutionstallysolutions.com2,180,3906054.6%
India Fillingsindiafilings.com1,889,8715879.5%
Khatabookkhatabook.com1,851,5144787.3%
Dodo Paymentsdodopayments.com611,4702944%
Swipegetswipe.in449,7914723.1%
Taxmanntaxmann.com399,8065169.1%
GoGSTBillgogstbill.com279,1143423.8%
BillFreebillfree.in260,4451293%

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

280 of these companies (16.6%) publish at least one Android app — 489 apps in all, carrying 193.9M installs between them.

AppInstallsRatingStore category
Khatabook Credit Account BookKhatabook96.2M4.4Finance
Vyapar Invoice Billing AppVyapar16.3M4.8Business
PagarBook:Attendance & PayrollPagarBook11.8M4.2Business
myBillBook Invoice Billing AppmyBillBook10.4M4.4Business
Simple Invoice ManagerSimple Invoice Manager5.7M4.6Business
CashBook: UPI Wallet for StaffCashBook5.4M3.8Business
Staff Attendance & Payroll AppSalaryBox4.8M4.4Business
GimBooks: Invoice, Billing AppGimbooks4.7M4.1Business
OmniCard: UPI, Card & RewardsOmniCard3.4M2.7Finance
Razorpay Payments for BusinessRazorpay3.3M3.8Finance

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2024Q1–2026Q2).

SegmentAppsInstallsLeading appRelease trend
Finance & Accounting Tech463190.3MKhatabook Credit Account Book 96.2M
In Store Retail Tech896.2MMEP STUDY 1.1K
Hrtech7125.5MPagarBook:Attendance & Payroll 11.8M
Payments499.8MOmniCard: UPI, Card & Rewards 3.4M
Banking Tech103.7MRazorpay Payments for Business 3.3M
Online Travel301.9MHappay Expense 1.2M
Sales Force Automation91.7MBiz Analyst App for Tally User 1.4M
Vertical Business Intelligence31.4MAssociate Benefits 1.2K

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2023Q2: 142023Q2: 62023Q22023Q3: 82023Q3: 62023Q32023Q4: 82023Q4: 42023Q42024Q1: 92024Q1: 112024Q12024Q2: 102024Q2: 62024Q22024Q3: 112024Q3: 172024Q32024Q4: 22024Q4: 162024Q42025Q1: 82025Q1: 112025Q12025Q2: 182025Q2: 252025Q22025Q3: 122025Q3: 372025Q32025Q4: 92025Q4: 582025Q42026Q1: 92026Q1: 732026Q1

Darker bars are new releases, lighter bars apps updated. 299 of 489 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The India accounting and tax software market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Enterprise tech1,609
Fintech1,483
Enterprise software1,161
Saas817
Accounts receivable automation324
Consumer digital186
Accounts payable automation153
Payroll management107
Hr saas98
Integrated compliance management69
Commerce enablers52
Retail tech50

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Enterprise tech

The largest measured segment in this report snapshot.

1609companies
8.6%have hiring activity

138 companies hiring · $2.26B disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

Subscription1,411
Fee-for-service244
Commission on transaction103
E-commerce - service50
Advertising29
E-commerce - product10
Physical commerce6
Lending4
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

Expand panel +
Recent corporate headlines 10 dated reports
Funding roundstartanhq.com ↗

Fintech startup Tartan raised $4.5 milion in Pre-Series from 500 Global, InfoEdge Ventures, Naval Ravikant-backed AngelList Quant Fund, WorldQuant Ventures, Varanium GenNext Fund, 9Unicorns, Yatra Angel Network, Emphasis Ventures (EMVC) and Naveen Kukreja.

Mergers & acquisitionszaggle.in ↗

Zaggle Prepaid Ocean Services Ltd is not moving ahead with its plan to acquire a majority stake in Hyderabad-based ...

Funding roundsaerchain.io ↗

Tech startup Aerchain raised $13 million from Pavestone VC and IndiaMart.

IPO activityrazorpay.com ↗

Four top investment banks have been picked by the Bengaluru-based payments and banking platform to help it navigate the public offering process, which is anticipated to generate over $700 million, according to industry sources.

Funding roundsbluecopa.com ↗

Fintech startup Bluecopa raised $7.5 million from Analog Partners, Blume Ventures, and Dallas Venture Capital.

Funding roundsxoxoday.com ↗

Xoxoday, a global rewards, incentives, and Loyalty technology company, has raised a Series C round backed by its existing investors – Apis Partners & 57 Stars, marking a key milestone as the company accelerates its next phase of global growth.

Mergers & acquisitionssuntecgroup.com ↗

Acrophyte plans to enter a conditional sale and purchase agreement with subsidiaries of ESR Group to acquire ESR’s 100 per cent indirect interest in the manager, Suntec Reit’s manager said on Dec 16.

Mergers & acquisitionsvyaparapp.in ↗

Vyapar, one of the country’s leading business management platforms, has fully acquired Suvit, an AI-powered automation accounting software recognized by the Institute of Chartered Accountants of India (ICAI).

Mergers & acquisitionsfintoo.in ↗

Additionally, the company has acquired Fintoo’s insurance distribution business, encompassing its client portfolio, team, IT systems, and supporting infrastructure.

Mergers & acquisitionskarboncard.com ↗

The acquisition brings automation and AI insights to help firms close books faster, cut workloads, and focus on higher-value client work.

Full recorded event mix

Top 10 categories among 396 recorded events in the 24-month window.

Earnings
76
Contracts
74
Mergers & acquisitions
58
New products
57
Funding rounds
46
Leadership moves
33
Company announcements
21
Regulatory
10
Capital infusions
6
Layoffs
5
6 activity cards

Swipe or scroll horizontally to browse.

IPO pipeline

3 companies with recorded IPO activity

Razorpay ↗

IPO3 reports

IRIS ↗

IPO1 reports

Zaggle ↗

Follow-on Offering5 reports

Leadership moves

9 tracked people moves

Zaggle ↗
Venkata Aditya Kumar Grandhi

Resignation Previously Chief Financial Officer

Zaggle ↗
Rajesh Tummalaganti

Appointment Interim Chief Financial Officer

TartanHQ ↗
Subhrangshu Chattopadhyay

Appointment Chief Business Officer

Zaggle ↗
Nilesh Dadpe

Appointment Executive Vice President – Cross Sell

Razorpay ↗
Prabhu Rambadran

Appointment Senior Vice President of Engineering

Razorpay ↗
Prabu Rambadran

Appointment Senior Vice-President, Engineering

Digital CFO ↗
Alok Lall

Appointment Strategic Advisor

Karbon ↗
Vivek Srivastava

Appointment Senior Director of Product

Product launches

Products, platforms and features in the recorded window

Ramco ↗
Aviation Suite

Product

SunTec ↗
SunTec Xelerate Deal Management

Deal Management

Razorpay ↗
Azentio AMLOCK

AML/KYC Compliance Platform

Razorpay ↗
Agent Studio

AI Platform

TallyPrime Cloud Access

Cloud-based financial management

Ramco ↗
Chia

Artificial Intelligence

TallyPrime Release 7.0

Product

Refrens ↗
Embedded Invoicing & Accounting Suite

Embedded Invoicing & Accounting

Contract wins

54 recorded customer wins

Zaggle ↗

Customer: Generali Central Insurance Companyspend management

Zaggle ↗

Customer: Fanuc India Private LimitedFinancial Services

Ramco ↗

Customer: tata advanced systemsDefense

Ramco ↗

Customer: sahar groupAerospace

Customer: indian bank

Workforce actions

3 companies with reported reductions

Zaggle ↗

500 roles

ClearTax ↗

145 rolesstrategic reorganisation

OkCredit ↗

70 rolescost reduction

Regulatory events

14 recorded events

ClearTax ↗

approved as an Accredited Service ProviderUAE Ministry of Finance (MoF) and Federal Tax Authority (FTA)

Razorpay ↗

approved for offline payment aggregatorReserve Bank of India

Razorpay ↗

approved to operate as a cross-border payments aggregatorReserve Bank of India

Zaggle ↗

approved for allotmentSEBI

Earnings pulse

Reported company results in the recorded window.

10companies
68period observations
31.7%median reported growth

Median across 67 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
Zaggle→NaTerminated2026-04-06Not stated in snapshot
Zaggle→effiasoftTerminated2026-04-03Not stated in snapshot
Acrophyte Asset Management→SunTec ↗Announced2025-12-16Not stated in snapshot
Zaggle→Rivpe Technology Pvt LtdAnnounced2025-12-09Not stated in snapshot
Zaggle→greenedgeCompleted2025-12-05Not stated in snapshot
Zaggle→Rivpe Technology Private LimitedAnnounced2025-12-05Not stated in snapshot

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

557 postings in the preceding 12 months. The full 717-posting snapshot covers 132 employers.

Expand panel +

Most advertised job titles

Customer Service/Sales Representative (Surat)5
Customer Onboarding (Sales) Executive5
Finance Associate5
Product Manager5
Business Development Executive4
Senior Development Engineer Cloud Native3
7 internship postings

3 tracked postings mention remote work.

The seniority mix

350 postings specify a level.

unspecified
367
manager
120
senior
109
lead
59
intern
48
entry
14

Skills employers mention

Top skills across 717 tracked postings in the available jobs snapshot.

Python
67
Sql
59
Sales
53
Java
51
Javascript
47
Communication Skills
35
Negotiation
35
Excel
35
Analytical Skills
31
Communication
30
ADVERTISED PAY$12.0K/ year

Median across 105 postings with pay data, expressed in USD.

THE PEOPLE BUILDING THE FIELD

Founders and leaders

1,228 founders and chief executives across 842 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

158 profiles with education records.

BITS Pilani
29
IIT Kanpur
19
Indian School of Business
14
IIT Bombay
13
IIT Delhi
10
IIT Roorkee
9
IIM Ahmedabad
8
IIT Kharagpur
8

Prior employers

38 profiles with prior-work records.

Flipkart
9
Amazon
6
Boston Consulting Group
5
McKinsey
4
Microsoft
4
Apple
3
Freshworks
2
Google
2

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

217,885 articles in the measured 12-month window.

Expand panel +
217,885articles in the measured year
51,370articles in 2026Q1
70.6%positive tone in the latest complete year

News volume trends

Accounting and Tax Software coverage across India · articles per complete quarter

019,16638,33157,49776,6622021Q2: 31,1232021Q22021Q3: 37,7762021Q4: 34,5892022Q1: 39,5282022Q2: 43,9732022Q22022Q3: 47,0352022Q4: 46,1482023Q1: 49,2322023Q2: 46,6852023Q22023Q3: 52,3882023Q4: 47,3382024Q1: 50,2192024Q2: 52,3722024Q22024Q3: 59,6442024Q4: 61,2322025Q1: 62,9672025Q2: 66,6632025Q22025Q3: 66,6082025Q4: 47,8842026Q1: 51,3702026Q1
View quarterly article counts
QuarterArticles
2021Q231,123
2021Q337,776
2021Q434,589
2022Q139,528
2022Q243,973
2022Q347,035
2022Q446,148
2023Q149,232
2023Q246,685
2023Q352,388
2023Q447,338
2024Q150,219
2024Q252,372
2024Q359,644
2024Q461,232
2025Q162,967
2025Q266,663
2025Q366,608
2025Q447,884
2026Q151,370

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
70,640 positive · 1,989 neutral · 38,430 negative
2022
103,325 positive · 2,817 neutral · 70,344 negative
2023
118,451 positive · 3,110 neutral · 73,901 negative
2024
150,208 positive · 3,886 neutral · 69,139 negative
2025
172,188 positive · 6,104 neutral · 65,565 negative

Leading coverage topics

Accounting and Tax Software coverage across India · ranked by full-period article count.

Initial Public Offerings (Ipos)26,337 articles in the full recorded period
7,531 recent · 9,138 prior
Initial Public Offerings (Ipos) And Listings22,758 articles in the full recorded period
6,923 recent · 7,058 prior
Commodity Trading And Price Changes19,874 articles in the full recorded period
7,181 recent · 4,793 prior
Trade Wars And Geopolitical Impacts19,413 articles in the full recorded period
7,532 recent · 5,703 prior
Asian Financial Market Developments18,830 articles in the full recorded period
6,395 recent · 5,725 prior
Foreign Exchange (Forex) Rate Fluctuations18,495 articles in the full recorded period
5,744 recent · 4,591 prior
Emerging Markets Economic Updates17,683 articles in the full recorded period
5,494 recent · 4,794 prior
Interest Rate Decisions And Impacts16,415 articles in the full recorded period
4,269 recent · 3,920 prior
Quarterly And Annual Financial Results16,241 articles in the full recorded period
4,359 recent · 5,041 prior
Corporate Earnings Reports And Financial Performance15,449 articles in the full recorded period
4,208 recent · 4,780 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Accounting and Tax Software coverage across India

KeywordRecentPriorChange
commodity futures2,5921,65257%
crude oil prices1,62087984%
securities fraud98760862%
low-income banking942394139%
oil price volatility883441100%
performance sedan engines802264204%
commodity trading584199193%
sedan mpg comparison556264111%
compact sedan fuel efficiency555264110%
diesel sedan fuel consumption555264110%
master franchising174,944-100%
conversion franchising174,638-100%
brand franchising174,637-100%
franchisee support144,629-100%
single-unit franchise114,607-100%

Event and signal lenses

Accounting and Tax Software coverage across India

All complete annual cohorts shown
Rising

Regulatory Risk

406,490 classified articles

stock performance, stock indices, forex liquidity

61.8% critical · 35.9% positive
Rising

Funding Momentum

70,345 classified articles

pre-ipo valuation, ipo prospectus, ipo pricing

61.2% critical · 47.9% positive
Rising

Growth

147,794 classified articles

gdp growth forex, revenue beats, stock performance

56.2% critical · 46.4% positive

Accounting and Tax Software coverage across India. Topic labels describe recorded classifications and can include broad context.

RESEARCH SIGNALS

What Accounting and Tax Software research is working on

1,335 papers in the recorded india scope.

Expand panel +
1,335papers
13,825worldwide comparison pool
1,335India-affiliated papers

Research orientation

Promising
410
Problem-identifying
320
Descriptive
314
Cautionary
158
Breakthrough
94
Comparative
23
Critical
16

Contribution mix

Empirical
778
Reviews
256
Position pieces
155
Methods-led
140
Theoretical
6

Tone counts: 1,275 positive · 1 neutral · 59 negative.

Common problems researchers identify
336 papers · 25.2% of this field
  • Financial services179 papers
  • FinTech128 papers
  • Financial inclusion89 papers
  • Payment62 papers
  • Financial literacy37 papers
  • Government36 papers
  • Retail banking24 papers
  • Mobile payment24 papers

Landmark: Financial technology: a review of extant literature

Cautions
158 papers · 11.8% of this field
  • Financial services79 papers
  • Financial inclusion60 papers
  • FinTech58 papers
  • Payment35 papers
  • Government23 papers
  • Digital currency19 papers
  • Database transaction16 papers
  • Investment16 papers

Landmark: Thematic Analysis of Financial Technology (Fintech) Influence on the Banking Industry

Opportunities
504 papers · 37.8% of this field
  • Financial services228 papers
  • FinTech162 papers
  • Financial inclusion161 papers
  • Payment86 papers
  • Financial literacy63 papers
  • Mobile payment51 papers
  • Database transaction47 papers
  • Mobile banking42 papers

Landmark: The Impact of Fintech and Digital Financial Services on Financial Inclusion in India

Leading institutions

Chitkara University
251
Amity University
227
Symbiosis International University
213
Indian Institute of Technology Kanpur
198
Indian Institute of Technology Delhi
187
Fore School of Management
176

Leading researchers

Vikas Sangwan
176
Harshita Harshita
176
Puneet Prakash
176
Shveta Singh
176
Mohammad Asif
164
Mohd Naved Khan
153
Sadhana Tiwari
153
Showkat Khalil Wani
153

Highly cited breakthrough-labelled papers

  • Eagle Strategy Arithmetic Optimisation Algorithm with Optimal Deep Convolutional Forest Based FinTech Application for Hyper-automation32 citations
  • Impact of technology on the financial performance of Indian commercial banks: a clustering based approach11 citations
  • ANALYZING OPPORTUNITIES AND OBSTACLES OF FINTECH IN INDIAN FINANCIAL MARKET2 citations
  • Sustainable digital finance and Finance 5.0: a systematic review and research agenda1 citations
  • Optimizing Cloud Resources for Financial Market Prediction: A Machine Learning Study on NVIDIA Stock Data1 citations

Common problems researchers identify

249 papers · 5 recurring themes
5 cards

Swipe or scroll horizontally to browse.

Fintech / Financial ServicesCommon problems researchers identify · 01

Fintech / Financial Services

82 papers

32.9% of this theme group

FinTech (61) · Financial services (57) · Financial innovation (11) · Marketing (6)

The Rise Of Fintech: Disrupting Traditional Financial Services

Fintech and the Future of Financial Services: A Study of the Impact of Fintech on Traditional Financial Institutions

View research history
YearShare index
2022802.8
2023810.2
2024431.6
2025305.5
Financial Inclusion / Financial LiteracyCommon problems researchers identify · 02

Financial Inclusion / Financial Literacy

61 papers

24.5% of this theme group

Financial inclusion (51) · Financial literacy (21) · Financial services (42) · Inclusion (9)

Financial Inclusion: The Role of Fintech and Digital Financial Services in India

How Can Technology Facilitate Financial Inclusion in India? A Discussion Paper

View research history
YearShare index
202276.6
2023104.9
2024100.3
2025222.6
Retail Banking / Mobile BankingCommon problems researchers identify · 03

Retail Banking / Mobile Banking

42 papers

16.9% of this theme group

Retail banking (13) · Mobile banking (11) · Payment (18) · Mobile payment (11)

Digital Transformation in India’s Financial Sector: Progress, Challenges and Policy Implications

Digital Banking and Fin-Tech: Trends and Challenges

View research history
YearShare index
2022875.7
2023846.9
2024949.5
20251008.9
Financial Fraud / Credit Card FraudCommon problems researchers identify · 04

Financial Fraud / Credit Card Fraud

34 papers

13.7% of this theme group

Financial fraud (5) · Credit card fraud (4) · Financial services (19) · Anomaly detection (3)

Artificial Intelligence in FinTech

Impact of AI in Financial Technology- A Comprehensive Study and Analysis

View research history
YearShare index
202232.6
202337.6
202432.8
202547.9
Blockchain / Digital CurrencyCommon problems researchers identify · 05

Blockchain / Digital Currency

30 papers

12.0% of this theme group

Blockchain (13) · Digital currency (9) · Cryptocurrency (12) · Currency (6)

Blockchain Technology for the Financial Market

Blockchain Technology Adoption in Financial Services

View research history
YearShare index
2022905.6
2023967.4
2024915.8
20251033.4

Cautions

111 papers · 4 recurring themes
4 cards

Swipe or scroll horizontally to browse.

Fintech / Financial ServicesCautions · 01

Fintech / Financial Services

38 papers

34.2% of this theme group

FinTech (32) · Financial services (30) · Financial innovation (8) · Sustainability (5)

FinTech Revolution and Future of Sustainable Banking: Opportunities and Risks Analysis

Fintech Innovations and Their Impact on Financial Inclusion in Developing Economies

View research history
YearShare index
2022200.3
2023241.4
2024234.6
2025477.3
Financial Inclusion / GovernmentCautions · 02

Financial Inclusion / Government

36 papers

32.4% of this theme group

Financial inclusion (21) · Government (10) · Mobile banking (6) · Mobile payment (8)

Impact of Digital Payment on Indian Financial Growth

Digital Payments Adoption and Financial Inclusion among Rural Households in India

View research history
YearShare index
202265.5
202375.6
202470.9
2025137.9
Financial Services / InvestmentCautions · 03

Financial Services / Investment

24 papers

21.6% of this theme group

Financial services (14) · Investment (6) · Blockchain (3) · Automation (3)

The Impact of Artificial Intelligence on Financial Decision-Making: A Fintech Perspective

The Impact of AI on the Quality of Financial Reports

View research history
YearShare index
20221071.1
20231138.8
20241043.3
20251154.8
Digital Currency / CurrencyCautions · 04

Digital Currency / Currency

13 papers

11.7% of this theme group

Digital currency (11) · Currency (7) · Monetary policy (4) · Rupee (2)

A Study on Upcoming Central Bank Digital Currency: Opportunities, Obstacles, and Potential FinTech Solutions using Cryptography in the India

Central Bank Digital Currency in India: Perspectives on Design Choices and Implications of e-Rupee

View research history
YearShare index
2022132.3
2023129.1
202490.3
2025114.7

Opportunities

401 papers · 7 recurring themes
7 cards

Swipe or scroll horizontally to browse.

Fintech / Financial ServicesOpportunities · 01

Fintech / Financial Services

88 papers

21.9% of this theme group

FinTech (55) · Financial services (56) · Sustainability (15) · Financial innovation (8)

Embracing Fintech: India’s progress in the digitalization of the financial industry

"FINTECH ADOPTION IN BANKING : IMPACTS ON FINANCIAL INTERMEDIATION AND MARKET STRUCTURE"

View research history
YearShare index
2022200.3
2023241.4
2024234.6
2025477.3
Financial Services / InterpretabilityOpportunities · 02

Financial Services / Interpretability

66 papers

16.5% of this theme group

Financial services (31) · Interpretability (9) · Applications of artificial intelligence (6) · Big data (9)

Artificial Intelligence and Fintech: Catalysts for Financial Transformation

AI-Powered Fraud Detection in Financial Transactions: A Machine Learning Approach for Enhanced Security and Risk Mitigation

View research history
YearShare index
2022131.1
2023117.2
202474.2
2025127.4
Mobile Payment / PaymentOpportunities · 03

Mobile Payment / Payment

64 papers

16.0% of this theme group

Mobile payment (27) · Payment (33) · Financial inclusion (34) · Mobile banking (17)

The Impact of Digital Payment Systems on Financial Inclusion: Evidence from Small and Medium Enterprises in Developing Economies

Digital Payments and Empowering an Inclusive Financial System in India

View research history
YearShare index
2022865.2
2023840.0
2024948.1
20251028.8
Financial Inclusion / FintechOpportunities · 04

Financial Inclusion / Fintech

56 papers

14.0% of this theme group

Financial inclusion (55) · FinTech (42) · Financial services (43) · Inclusion (12)

The Impact of Fintech and Digital Financial Services on Financial Inclusion in India

Adoption of financial technology services for financial inclusion

View research history
YearShare index
202286.1
2023104.4
2024105.3
2025213.7
Financial Literacy / Digital LiteracyOpportunities · 05

Financial Literacy / Digital Literacy

51 papers

12.7% of this theme group

Financial literacy (40) · Digital literacy (7) · Financial inclusion (21) · Empowerment (8)

FinTech and Financial Inclusion: Exploring the Mediating Role of Digital Financial Literacy and the Moderating Influence of Perceived Regula

Digital Financial Literacy and Its Impact on Financial Inclusion and Financial Well-Being

View research history
YearShare index
202298.3
2023129.5
2024123.8
2025299.2
Blockchain / Database TransactionOpportunities · 06

Blockchain / Database Transaction

40 papers

10.0% of this theme group

Blockchain (23) · Database transaction (12) · Financial transaction (10) · Smart contract (4)

Innovation of Blockchain-based Cybersecurity Systems: Securing Financial Transactions and Reliable Data Sharing

Reliability in Blockchain Technology for Financial Services in the Indian Fintech Sector

View research history
YearShare index
2022905.6
2023950.9
2024888.4
20251016.8
Random Forest / ScalabilityOpportunities · 07

Random Forest / Scalability

36 papers

9.0% of this theme group

Random forest (6) · Scalability (9) · Credit card fraud (5) · Database transaction (9)

Advancing Financial Fraud Detection: A Hybrid Machine Learning Approach with Explainable AI

Secure Cloud-Based Financial Fraud Detection Using Hybrid Deep Learning and Blockchain Techniques

View research history
YearShare index
2022131.5
2023144.5
202484.8
2025172.3

How this field compares with the research baseline

Orientation shares compared with 25,000 papers in the reference sample.

Research orientationThis fieldReference sample
Promising30.7%36.8%
Problem-identifying24.0%9.7%
Descriptive23.5%17.5%
Cautionary11.8%4.6%
Breakthrough7.0%26.5%
Comparative1.7%3.9%
Critical1.2%1.0%

Concerns receiving less research attention

Counts and shares refer to the stated research pool. A low count describes how much of that research is recorded here, not the absence of a real-world concern.

Concern / example paperPapersShareRaised as a problemWorldwide share
Privacy & surveillanceA Review on Blockchain for Fintech using Zero Trust Architecture90.88%5 (55.6%)0.91%
Energy & datacenter footprintInnovative Machine Learning Applications for green Finance40.39%2 (50.0%)0.23%
Safety & misuseTHE WEAPONISATION OF ARTIFICIAL INTELLIGENCE IN DAILY LIFE FINTECH CRIMES: AN EXHAUSTIVE ANALYSIS OF THE INDIAN LANDSCAP30.29%1 (33.3%)0.08%
Bias & fairnessAI-Based Gender Bias Detection in VC Funding for Women-Led Fintech Startups in India10.1%0 (0.0%)0.1%
Concentration of compute powerModerating effect of fintech adoption on market power and bank stability Nexus: Indian evidence10.1%0 (0.0%)0.26%
Water use00.0%0 (%)0.0%
Carbon & emissions of compute00.0%0 (%)0.01%
Hardware, e-waste & supply chain00.0%0 (%)0.0%
Labour & data work00.0%0 (%)0.04%

Institution and researcher rankings use citations to their covered work. Research scope: India. This may be broader than the company geography.

DEMAND, SUPPLY & PLACE

Where demand signals run ahead of mapped supply — India

Compare demand signals in India’s newsflow with the accounting and tax software categories mapped to each signal.

Expand panel +
HOW TO READ THE GAP

Signal percentile − supply percentile = gap in percentile points. Positive gaps highlight questions to investigate. A high signal can reflect spending pressure or access friction, as well as potential demand.

The comparison is relative to the signal families on this page. A supply percentile of zero means the lowest relative reading, not zero companies. It is a prioritisation clue, not measured market size or unmet demand.

COMPARISON PERIOD2025-05-01 to 2026-05-01Against 2024-05-01 to 2025-05-01Explore the signals ↓

The opportunity, in one view

Signal and mapped-supply percentiles, their gap, and change in the signal’s article share.

Swipe horizontally to compare all columns →

5 India demand signals compared with mapped accounting and tax software supply
Signal familySignal percentileSupply percentileRelative gapGap (points)Signal share vs prior year
Data & privacy regulation ↗Compliance Pressure75.00.0+75.0+177.7%
Tech workforce shifts ↗Spending Pressure62.533.3+29.2+99.3%
Cloud & platform build-out ↗Infrastructure Shift75.066.7+8.3+154.0%
Open-source momentum ↗Ecosystem Signal25.0100.0-75.0+129.0%
Security incidents & breaches ↗Risk Pressure12.5—No matching category—+54.2%

Showing all 5 signals. Select a family for its history and mapped categories.

Where the signals are loudest

All 12 city readings for these demand families in the comparison geography. India is highlighted.

Mentions per 10,000 articles

Each city’s reading is a share of its own coverage.

Chungcheongbuk-Do129.5

Data & privacy regulation · Tech workforce shifts · Security incidents & breaches

Andhra Pradesh62.9

Cloud & platform build-out · Data & privacy regulation · Tech workforce shifts

Karnataka53.8

Tech workforce shifts · Open-source momentum · Cloud & platform build-out

Telangana24.1

Tech workforce shifts · Cloud & platform build-out · Data & privacy regulation

Maharashtra22.8

Tech workforce shifts · Cloud & platform build-out · Data & privacy regulation

Manipur19.2

Tech workforce shifts · Security incidents & breaches

Delhi18.9

Tech workforce shifts · Security incidents & breaches · Data & privacy regulation

Tamil Nadu18.3

Tech workforce shifts · Cloud & platform build-out · Data & privacy regulation

Gujarat16.2

Tech workforce shifts · Cloud & platform build-out · Security incidents & breaches

England8.3

Security incidents & breaches · Tech workforce shifts · Cloud & platform build-out

Ladakh7.9

Security incidents & breaches · Open-source momentum · Tech workforce shifts

Arizona6.7

Data & privacy regulation · Cloud & platform build-out · Open-source momentum

Inside the leading signals

Open any signal for its quarterly history
COMPLIANCE PRESSUREData & privacy regulation+75.0percentile-point gap
THE OPERATING HYPOTHESIS

Privacy rules can land as engineering requirements — consent, data handling and audit tooling follow.

4.29mentions per 10,000 articles+177.7%share change vs prior year

Mapped accounting and tax software categories

  • Integrated Compliance Management69

Companies can appear in multiple categories; these counts are not a unique-company total.

Quarterly share of India coverage

Mentions per 10,000 articles · zero baseline

024572024Q3: 12024Q32024Q4: 12024Q42025Q1: 22025Q12025Q2: 22025Q22025Q3: 22025Q32025Q4: 62025Q42026Q1: 52026Q1
View quarterly signal counts
Data & privacy regulation in India coverage
QuarterMentionsPer 10,000 articles
2024Q3531.04
2024Q4801.58
2025Q11192.54
2025Q2782.07
2025Q31092.26
2025Q42276.1
2026Q12705.72

Where this signal concentrates in the comparison geography

Chungcheongbuk-Do111.3 / 10,000
Andhra Pradesh9.5 / 10,000
SPENDING PRESSURETech workforce shifts+29.2percentile-point gap
THE OPERATING HYPOTHESIS

Hiring, visa and layoff cycles can resize teams — per-seat budgets tend to follow.

10.98mentions per 10,000 articles+99.3%share change vs prior year

Mapped accounting and tax software categories

  • Hr Saas98

Companies can appear in multiple categories; these counts are not a unique-company total.

Quarterly share of India coverage

Mentions per 10,000 articles · zero baseline

04812162024Q3: 42024Q32024Q4: 42024Q42025Q1: 62025Q12025Q2: 82025Q22025Q3: 132025Q32025Q4: 92025Q42026Q1: 72026Q1
View quarterly signal counts
Tech workforce shifts in India coverage
QuarterMentionsPer 10,000 articles
2024Q32514.92
2024Q42354.64
2025Q13126.65
2025Q23088.17
2025Q366713.83
2025Q43579.6
2026Q13677.78

Where this signal concentrates in the comparison geography

Karnataka24.5 / 10,000
Maharashtra11.9 / 10,000
INFRASTRUCTURE SHIFTCloud & platform build-out+8.3percentile-point gap
THE OPERATING HYPOTHESIS

Cloud and platform build-out can multiply the pipelines and environments a team must manage.

4.55mentions per 10,000 articles+154.0%share change vs prior year

Mapped accounting and tax software categories

  • Saas817
  • Hr Saas98

Companies can appear in multiple categories; these counts are not a unique-company total.

Quarterly share of India coverage

Mentions per 10,000 articles · zero baseline

024792024Q3: 12024Q32024Q4: 12024Q42025Q1: 22025Q12025Q2: 12025Q22025Q3: 22025Q32025Q4: 72025Q42026Q1: 52026Q1
View quarterly signal counts
Cloud & platform build-out in India coverage
QuarterMentionsPer 10,000 articles
2024Q3641.25
2024Q41011.99
2025Q11082.3
2025Q2741.96
2025Q31042.16
2025Q42907.8
2026Q12475.23

Where this signal concentrates in the comparison geography

Andhra Pradesh49.0 / 10,000
Karnataka8.2 / 10,000
Telangana7.0 / 10,000
ECOSYSTEM SIGNALOpen-source momentum-75.0percentile-point gap
THE OPERATING HYPOTHESIS

Open-source momentum can seed the commercial layer around the projects teams adopt.

1.83mentions per 10,000 articles+129.0%share change vs prior year

Mapped accounting and tax software categories

  • Enterprise Software1,161

Companies can appear in multiple categories; these counts are not a unique-company total.

Quarterly share of India coverage

Mentions per 10,000 articles · zero baseline

012342024Q3: 02024Q32024Q4: 02024Q42025Q1: 12025Q12025Q2: 12025Q22025Q3: 12025Q32025Q4: 12025Q42026Q1: 32026Q1
View quarterly signal counts
Open-source momentum in India coverage
QuarterMentionsPer 10,000 articles
2024Q3250.49
2024Q4350.69
2025Q1641.36
2025Q2381.01
2025Q3521.08
2025Q4561.51
2026Q11533.24

Where this signal concentrates in the comparison geography

Karnataka13.5 / 10,000
RISK PRESSURESecurity incidents & breaches—supply not mapped
THE OPERATING HYPOTHESIS

Breach pressure can push security into every buying decision.

2.85mentions per 10,000 articles+54.2%share change vs prior year

Mapped accounting and tax software categories

This signal has no matching category in the page’s accounting and tax software market map, so no supply percentile or gap is assigned.

Quarterly share of India coverage

Mentions per 10,000 articles · zero baseline

012342024Q3: 12024Q32024Q4: 12024Q42025Q1: 22025Q12025Q2: 32025Q22025Q3: 22025Q32025Q4: 32025Q42026Q1: 12026Q1
View quarterly signal counts
Security incidents & breaches in India coverage
QuarterMentionsPer 10,000 articles
2024Q3991.94
2024Q4991.95
2025Q1982.09
2025Q21303.45
2025Q31102.28
2025Q41343.6
2026Q1891.89

Where this signal concentrates in the comparison geography

Delhi4.7 / 10,000
Karnataka4.7 / 10,000
RESEARCH & CHANGING CONVERSATIONS

Related research and changing coverage

India accounting and tax software coverage

Expand panel +
RESEARCH CONTEXT · 2018

Quality Certification and the Economics of Contract Software Development: A Study of the Indian Software Industry

Research Showcase @ Carnegie Mellon University (Carnegie Mellon University)

8 citations in the snapshot

RESEARCH CONTEXT · 2017

An exploratory study on perception of Indian crowd towards crowdsourcing software development

6 citations in the snapshot

What is growing in this coverage

India coverage of this page's demand families

KeywordRecent articlesPrior articlesShare change
green data centers6925209.1%
vulnerability intelligence5625150.8%
cloud infrastructure297133150.1%
ai research17992117.9%
cybersecurity incident684281.3%

Share changes describe coverage in the stated comparison periods, not search demand or market size.

GEOGRAPHIC FOOTPRINT

Where companies are based

Company counts, hiring and disclosed funding across the recorded hubs.

Expand panel +
8 cards

Swipe or scroll horizontally to browse.

UNDERSTAND THE LANDSCAPE

Accounting and Tax Software in India: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

KEEP EXPLORING

Put India in context

All landscapes ↗

Company ecosystem snapshot: 30 August 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon