Radar · Industry landscape · India
Fintech Industry Landscape of India
7,312 Fintech companies in India, in one picture: who is hiring, who is raising money, who founded them, where they are based, what the news is about, which skills employers want and where the research is going. Updated September 2026.
7,312companies tracked
$35.1Bdisclosed funding
795hiring right now
4,666events · 24 months
214,927news articles · 12 months
Who leads Fintech in India
Shows the top fintech firms in India by size, funding, hiring activity and media coverage; 7,312 companies are tracked, with 795 hiring now and 1,123 having disclosed recent funding.
open roles
Hiring now
ranked by live open roles
- 01
Fibe9last posted Aug 2026
- 02
CredRight8last posted May 2026
- 03
NJ Macson8last posted Aug 2026
- 04
Paytm8last posted Jul 2026
- 05
MobiKwik7last posted Aug 2026
- 06
Airtel Payments Bank7last posted Aug 2026
- 07
Square Yards7last posted Aug 2026
- 08
Idfy7last posted Aug 2026
795 companies hiring · 287 posted in the last 30 days
disclosed funding
Most funded
disclosed totals, all rounds
- 01
- 02
PhonePe$1BSeries D · Jan 2023
- 03
Pine Labs$953.5MSeries F · Mar 2022
- 04
CRED$943.6MAngel · Mar 2026
- 05
DMI Finance$934MSeries E · Aug 2024
- 06
BharatPe$802.7MConventional Debt · Mar 2026
- 07
Razorpay$741.6MSeries F · Dec 2021
- 08
Avanse Financial Services$693MConventional Debt · Aug 2025
1,123 companies with disclosed rounds · $35.1B total
revenue
Revenue leaders
official filings first, else latest snapshot
- 01
Bajaj Broking$9.4BFY2021 filing
- 02
SMFG India Credit$1.2BFY2018 filing
- 03
Muthoot FinCorp ONE$1.1BFY2022 filing
- 04
Angel One$513.3MFY2024 filing
- 05
PRITHVI EXCHANGE$510.8MFY2019 filing
- 06
AvenuesAI$501.4MFY2021 filing
- 07
Infibeam Avenues$471.4MFY2022 filing
- 08
Arham$374.1MFY2021 filing
693 companies with a revenue figure
headcount
Largest teams
ranked by tracked headcount
- 01
One97 Communications28,017tracked employees
- 02
Intellect Design Arena6,118tracked employees
- 03
RenewBuy4,647tracked employees
- 04
Trustline3,741tracked employees
- 05
- 06
mPokket3,000tracked employees
- 07
- 08
Maveric Systems2,633tracked employees
532 companies with headcount data
share of events
Share of voice
share of all tracked sector news events, 24 months
- 01
- 02
- 03
- 04
Groww4.0%425 tracked events
- 05
- 06
Jio Financial Services3.1%331 tracked events
- 07
- 08
10,727 tracked events across 450 companies
articles
In the news
Prism news coverage, last 12 months
- 01
- 02
Vance1,699articles in the window
- 03
- 04
- 05
Nuvama1,056articles in the window
- 06
Arya.ai862articles in the window
- 07
- 08
KFin Technologies638articles in the window
425 of these companies drew sector coverage in the window
Radar
See all 7,312 Fintech companies in India
Filter by funding, headcount, hiring and location, and export the list.
How the Fintech ecosystem in India grew, 2016–2025
Displays the annual count of fintech startups founded from 2016 to 2025, highlighting a peak of 753 new companies in 2021 and 159 in 2025.
Companies founded / year
new Fintech companies in India
20162025
peak 753 in 2021
Companies raising / year
with a disclosed round that year
20162025
peak 385 in 2022
Disclosed funding / year
sum of disclosed rounds (USD)
20162025
peak $6.7B in 2021
Where Fintech companies in India are based
Hub 01
Mumbai
1,239 Fintech companies
26% of the Fintech companies across these hubs
1,239companies
$8.7Bdisclosed funding
171hiring now
Hub 02
Bengaluru
1,045 Fintech companies
22% of the Fintech companies across these hubs
1,045companies
$11.3Bdisclosed funding
156hiring now
Hub 03
Delhi
708 Fintech companies
15% of the Fintech companies across these hubs
708companies
$1.8Bdisclosed funding
69hiring now
Hub 04
Gurugram
400 Fintech companies
9% of the Fintech companies across these hubs
400companies
$4.7Bdisclosed funding
78hiring now
Hub 05
Hyderabad
338 Fintech companies
7% of the Fintech companies across these hubs
338companies
$350.1Mdisclosed funding
33hiring now
Hub 06
Chennai
338 Fintech companies
7% of the Fintech companies across these hubs
338companies
$1.9Bdisclosed funding
52hiring now
Hub 07
Pune
332 Fintech companies
7% of the Fintech companies across these hubs
332companies
$1.3Bdisclosed funding
37hiring now
Hub 08
Noida
291 Fintech companies
6% of the Fintech companies across these hubs
291companies
$4.1Bdisclosed funding
43hiring now
The Fintech market map of India: what these companies actually do
Breaks down fintech product categories and revenue models, noting the largest groups such as consumer digital (4,146) and enterprise tech (3,815), and common models like transaction commissions (4,540).
- Consumer Digital4,148 companies · $21.7B raised · 435 hiring
- Enterprise Tech3,815 companies · $23.6B raised · 482 hiring
- Investment Tech1,874 companies · $3.5B raised · 177 hiring
- Enterprise Software1,670 companies · $5.1B raised · 206 hiring
- Nbfc Lenders1,298 companies · $14.5B raised · 206 hiring
- Business Payments Solutions954 companies · $3.7B raised · 75 hiring
- SaaS933 companies · $4.2B raised · 137 hiring
- Online Trading Platforms859 companies · $2.5B raised · 84 hiring
- Internet First Wealth Management Platforms669 companies · $205.1M raised · 46 hiring
- Marketplaces576 companies · $4.6B raised · 75 hiring
- Online Financial Planners and Advisors572 companies · $184.6M raised · 39 hiring
- Commerce Enablers509 companies · $3.7B raised · 54 hiring
Monetization
How Fintech companies make money
How many companies earn revenue each way. Plenty use more than one model, so the counts add up to more than the sector.
Commission on Transaction4,540
Subscription4,000
Fee-For-Service1,968
E-Commerce - Service1,344
Lending1,133
Advertising282
E-Commerce - Product232
Physical Commerce72
Funding, M&A and the deals moving Fintech in India
Counts corporate activities over the past two years, totaling 4,666 events, including 1,348 earnings releases, 800 funding rounds, 560 key‑person announcements and 413 mergers or acquisitions.
Earnings 1,348Funding 800Leadership 560M&A 413Product 339Regulatory 299IPO 210Contracts 196Announcement 186Capital 110
- IPOThe initial public offering (IPO) of OnEMI Technology Solutions Limited (Kissht) was subscribed 9.5 times on the final day (Day 3) of bidding.2026-05-05
- FundingAI-powered customer engagement startup Oolka led the segment with a Rs 130 crore Series A round, backed by Accel, Lightspeed, and Z47.2026-05-02
- M&APine Labs’ ₹88 crore acquisition of Shopflo2026-04-29
- M&AMumbai: Peak XV Partners sold its remaining 7.7% stake in fintech MobiKwik through block deals worth over Rs 130 crore on Tuesday, completely exiting its investment in the firm, said people in the know.2026-04-29
- FundingCredilio Raises ₹100 Crore to Scale2026-04-28
- IPONew-age insurance company Acko is preparing to make a confidential filing for its initial public offering (IPO), aiming to raise around $250 million, according to people familiar with the matter.2026-04-27
- IPO5paisa Capital Limited has made a rights issue of 15,627,419 equity shares aggregating up to ₹468.823 crore, to eligible shareholders.2026-04-22
- M&AMumbai-based fintech Raise Financial Services has acquired algorithmic investing and trading platform, Stratzy, in a cash & stock deal.2026-04-21
- M&AKonfir has been acquired by Experian and will join its verifications business, expanding data coverage for UK employment and tenancy checks.2026-04-17
- IPOThe IPO fresh equity issuance of ₹620 crore and OFS of ₹180 crore by existing investors.2026-04-14
Mergers and acquisitions
Deals from the last 24 months where a Fintech company in India was the buyer or the one bought, newest first. “Undisclosed” means the price was never published — not that the deal was worth nothing.
| Acquirer | Target | Deal value | Status | Date |
|---|---|---|---|---|
| Na | undisclosed | Rumored | 2026-05-16 | |
| Shopflo Technologies | undisclosed | Announced | 2026-05-04 | |
| Florintree Advisors, Viridian Asset Management, Dymon Asia, Karma Capital | undisclosed | Announced | 2026-04-29 | |
| undisclosed | Announced | 2026-04-28 | ||
| Viridian Asset Management, Florintree Advisors, Dymon Asia, Karma Capital | undisclosed | Completed | 2026-04-28 | |
| Na | $13.8M | Completed | 2026-04-28 |
Who is listing, hiring leaders, launching and winning work
Provides details on specific corporate events such as IPO filings, leadership changes, product launches and contract wins within the sector.
IPO pipeline
25 companies listed or filing · last 24 months
KisshtIPO · BSE, NSE · 10 reportsMay 2026
ACKOIPO · 4 reportsApr 2026
5paisaOFS · 1 reportApr 2026
AugmontOFS · 3 reportsApr 2026
Leadership moves
156 tracked people moves · last 12 months
Alt DRXMr. Manoj Kohli · Appointment → Non-director Advisor to the Advisory BoardMay 2026
Definedge SecuritiesAjay Srivastava · Appointment → Board MemberApr 2026
MaximusElizabeth Moellering · Appointment → general counsel and corporate secretaryApr 2026
CentricityKartik Kini · Appointment → Chief Strategy and Execution OfficerApr 2026
Product launches
tracked launches · last 12 months
AurionproFintra (AI-powered trade finance platform)Apr 2026
DecentroIntegration with Banking Connect (Netbanking payment integration)Apr 2026
TalismaAutonomous Customer Operations PlatformApr 2026
ExperianKonfir (Verification)Apr 2026
PaySprintSprintContractX (Contract Lifecycle Management)Mar 2026
Contract wins
122 customer wins · last 24 months
Zagglewon Generali Central Insurance CompanyApr 2026
Finaclewon Producers Savings Bank CorporationMar 2026
Vakrangeewon Bajaj General Insurance LimitedMar 2026
NPSTwon large cooperative bankMar 2026
Workforce actions
14 companies cutting roles · last 24 months
Regulatory & litigation
88 regulatory events · 28 tracked suits · 24 months
Paytm Payments Banklicense cancelled — Reserve Bank of IndiaApr 2026
- reserve bank of india v paytm payments bankregulatory action against Paytm Payments Bank Ltd · OngoingApr 2026
- ebix payment services v Eraaya Lifespaces Limitedshareholder dispute over minority shareholding · SettledApr 2026
Earnings pulse
companies reporting results · last 24 months
147 companies reporting1,280 company-quarters trackedbeat 49miss 21in line 13
Half of these companies grew revenue faster than +22.0%, half slower.
Who is building Fintech in India
Founders and chief executives12 of 5,480, from the best-funded companies on this page
repeat founder
Ex-Naspers, First Data, Teradata, NCR
Co-founder & Managing Director - Mars Shot Ventures · Ex - Microsoft · Indian Institute of Technology, Roorkee
Sri Venkateswara College BCom (1996)
repeat founder
Ex-GlitterBug Technologies, Franklin Templeton, Tata AIA Life Insurance
Ex-Flipkart, Naspers, ICICI Securities · BITS Pilani BE 2009, XLRI Jamshedpur MBA 2011
Ex-CEO IFMR Rural Channels & Services, ICICI Bank, Canara Bank
Ex-Co-Founder KrazyBee, NTT Solutions · NUS BS 2002, MS 2005
repeat founder
Ex-Deutsche Bank · Bhopal University BE 1996, IIMAhmedabad MBA 1999
repeat founder
Navi, ex-Flipkart, Amazon Web Services. IIT Delhi BS 2005
Where the founders studied
alma mater on record for 996 of 5,480 founders
IIT Delhi121
IIT Bombay97
IIM Ahmedabad79
BITS Pilani79
Indian School of Business78
IIT Kharagpur69
IIT Kanpur67
IIM Calcutta65
Where they worked before
a previous employer on record for 246 of 5,480 founders
Goldman Sachs39
Amazon38
Microsoft31
Google30
Flipkart29
McKinsey22
Morgan Stanley15
Boston Consulting Group14
Founders flagged as repeat founders
of 5,099 founders with a profile on this page
148
carry a repeat-founder flag
- flagged as repeat founders148
- no repeat-founder flag4,951
Women and men among the founders
first names matched for 4,548 of 5,480 founders
10%
of matched founders are women
- women475
- men4,073
Inferred from first names, using 119 million people who state their own gender: a first name counts only where at least 20 of them share it and at least 90% of those share the same gender. The other 932 founders go in neither column.
Radar
Look up the people behind Fintech companies in India
Search founders, executives and operators by company, role and location.
Who funds Fintech in India
Summarizes investor involvement, with 3,534 funding rounds since 2016 from 11,924 investors and an average round size of $1.1 million.
| Investor · most active investors since 2016 | Rounds | Led | Latest |
|---|---|---|---|
| Angel List | 115 | 19 | Nov 2025 |
| Peak XV Partners | 111 | 61 | May 2026 |
| LetsVenture | 99 | 26 | Mar 2026 |
| Y Combinator | 77 | 48 | Sep 2025 |
| Trifecta Capital | 75 | 20 | Feb 2026 |
| Beenext | 72 | 28 | Apr 2026 |
| Blume Venture | 70 | 19 | Feb 2026 |
| Accel | 69 | 34 | Apr 2026 |
| Kunal Naresh Shah | 65 | 6 | Dec 2025 |
| QED Innovation Labs | 62 | 8 | Sep 2025 |
Stage mix · rounds since 2016
Seed & Angel2,090
Series A–B731
Series C+ / PE321
Grants, debt & other392
The typical round is $1.1M — half were bigger, half smaller.
The biggest Fintech funding rounds in India
Highlights the biggest disclosed financing deals, including Paytm’s $1 billion Series G round, and lists ten other large recent rounds.
| Company | Round | Size | When | Backers |
|---|---|---|---|---|
| Series Gmega-round | $1B | May 2017 | SoftBank Vision Fund | |
| Series Hmega-round | $673M | Dec 2019 | Alipay, T. Rowe Price, SoftBank Vision Fund +5 more | |
| Series Dmega-round | $658.1M | Jan 2023 | General Atlantic, Ribbit Capital, Tiger Global Management +2 more | |
| Series Emega-round | $479.9M | Sep 2015 | Alibaba Group, Ant Group | |
| Angelmega-round | $400.4M | Mar 2020 | Paresh Sukthankar, Samit Shetty, Anand Rao +20 more | |
| Series Fmega-round | $375M | Dec 2021 | Lone Pine Capital, Alkeon Capital Management, TCV +4 more | |
| Series Dmega-round | $350M | Aug 2021 | Walmart, Tencent, Tiger Global | |
| Series Emega-round | $350M | Jul 2021 | Tiger Global Management, Dragoneer Investment Group, Steadfast Financial +8 more | |
| Series Emega-round | $334M | Aug 2024 | MUFG | |
| Series Emega-round | $315M | Jul 2021 | 360 One, Fidelity Investments, BlackRock +7 more |
Venture round sizes · 2023–2025
<$1M296
$1–10M311
$10–50M104
$50–250M23
>$250M2
736 venture rounds with a disclosed amount in the window.
Fresh cheques · last 6 months
Series C$63MMay 2026
Series C$28.9MMay 2026
Conventional Debt$15MMay 2026
Grant (prize money)undisclosedMay 2026
Grant (prize money)undisclosedMay 2026
SeedundisclosedMay 2026
Grant (prize money)undisclosedMay 2026
Grant (prize money)undisclosedMay 2026
How this industry appears in the news
Counts media coverage, recording 214,927 articles in the last year, most often about IPOs, listings, commodity trading and geopolitical impacts.
News volume
Fintech coverage across India · articles per quarter
2021Q22026Q1
peak 66,277 in 2025Q2 · 214,927 articles in the last 12 tracked months
Tone of coverage
share of articles by dominant sentiment (positive / neutral / negative)
202120232025
Positive-tone share moved 63% → 70%, negative 35% → 27% across 2021–2025.
Most-covered companies · last 12 months
- 2,290
- 1,699
- 1,687
- 1,526
- 1,056
- 862
- 846
- 638
- 554
- 500
425 Fintech companies here were named in the news over this period.
Prism
Watch Fintech coverage in India as it happens
Prism follows these subjects story by story — which companies are named, what is said about them and how the tone moves.
Fintech jobs in India: who is hiring and what they ask for
Shows job activity from 848 fintech employers, with 5,633 postings in 12 months; top skills are sales, Python, SQL and communication, and median pay is $10 k per year.
5,633postings · last 12 months
7,647postings tracked overall
848employers advertising
$10kmedian advertised salary/yr (n=1433)
Demand
The Skills Employers Ask For
What Fintech employers in India put in their job ads. The bar is how many postings ask for it; the arrow shows whether demand grew or shrank against the year before.
- sales882▲
- python606▲
- sql518▲
- communication446▲
- communication skills435▲
- business development374▲
- negotiation359▲
- java352▲
- javascript301▲
- relationship management298▲
What level are these roles?
Entry116
Intern236
Senior991
Lead767
Manager2,310
What they pay, by level
- Manager$11k/yr (n=428)
- Senior$15k/yr (n=150)
- Lead$20k/yr (n=114)
Most advertised titles
- 86
- 78
- 60
- 55
- 42
- 37
24 internships were advertised in the last 12 months, across 16 of these companies.
What Fintech research in India is working on
Tracks academic output, noting 1,335 papers from Indian institutions, of which 336 identify common problems, 158 issue cautions, and 504 discuss opportunities.
How this field talks about itself
India-affiliated Fintech papers (gold) against all published research (grey)
Promising30.7% · 37.2%0.8×
Problem-identifying24.0% · 9.8%2.4×
Descriptive23.5% · 17.5%1.3×
Cautionary11.8% · 4.5%2.6×
Breakthrough7.0% · 26.3%0.3×
Comparative1.7% · 3.8%0.4×
How the work is done
Empirical58.3%
Reviews19.2%
Position pieces11.6%
Methods-led10.5%
Theoretical0.4%
How the research reads
96% positive · 0% neutral · 4% negative, across 1,335 papers.
The institutions doing the work · India
- 251
- 227
- 213
- 198
- 187
- 176
ranked by how often their work is cited
Leading researchers · India-affiliated work
Vikas Sangwan · Harshita Harshita · Puneet Prakash · Shveta Singh · Mohammad Asif · Mohd Naved Khan · Sadhana Tiwari · Showkat Khalil Wani
The most-cited breakthroughs
- Eagle Strategy Arithmetic Optimisation Algorithm with Optimal Deep Convolutional Forest Based FinTech Application for Hyper-automation · 32 cites
- Impact of technology on the financial performance of Indian commercial banks: a clustering based approach · 11 cites
- ANALYZING OPPORTUNITIES AND OBSTACLES OF FINTECH IN INDIAN FINANCIAL MARKET · 2 cites
- Sustainable digital finance and Finance 5.0: a systematic review and research agenda · 1 cites
- Optimizing Cloud Resources for Financial Market Prediction: A Machine Learning Study on NVIDIA Stock Data · 1 cites
Common problems researchers identify637 papers · 7 recurring themes
Problems · theme 01
Mobile payment adoption barriers
127 papers · 19.9% of this block
▲ +39% share2022→2025 share of research on this subject
Researchers examine why consumers hesitate to use mobile payments and what factors influence adoption in India.
Mobile payment · Payment · Mobile banking · Marketing
“Empirical study on consumers’ reluctance to mobile payments in a developing economy”
127 of these papers raise it as a problem
Problems · theme 02
FinTech impact on traditional services
116 papers · 18.2% of this block
▲ +80% share2022→2025 share of research on this subject
Studies assess how FinTech innovations disrupt and reshape conventional financial institutions and services.
FinTech · Financial services · Financial innovation · Financial sector
“Fintech and the Future of Financial Services: A Study of the Impact of Fintech on Traditional Financial Institutions”
116 of these papers raise it as a problem
Problems · theme 03
Credit card fraud detection challenges
113 papers · 17.7% of this block
▲ +34% share2022→2025 share of research on this subject
Papers focus on identifying and mitigating credit card fraud using advanced computational techniques.
Credit card fraud · Credit card · Financial fraud · Computer security
“Credit Card Fraud Detection Using Advanced Machine Learning Techniques”
113 of these papers raise it as a problem
Problems · theme 04
Financial inclusion and literacy gaps
85 papers · 13.3% of this block
▲ +77% share2022→2025 share of research on this subject
Research highlights obstacles to inclusive finance and the role of digital services in improving literacy.
Financial inclusion · Financial services · Financial literacy · Inclusion
“Financial Inclusion: The Role of Fintech and Digital Financial Services in India”
85 of these papers raise it as a problem
Problems · theme 05
Regulatory and market risks in trading
78 papers · 12.2% of this block
▼ -57% share2022→2025 share of research on this subject
Works discuss concerns around alternative trading systems, insider trading, and algorithmic market practices.
Alternative trading system · Stock exchange · Insider trading · Algorithmic trading
“Development of Financial Technology through E-Payment System in India”
78 of these papers raise it as a problem
Problems · theme 06
Payment system security vulnerabilities
76 papers · 11.9% of this block
▼ -5% share2022→2025 share of research on this subject
Analyses address threats to mobile and electronic payments and propose authentication safeguards.
Computer security · Payment · Authentication · Payment system
“Securing Transactions and Payment Systems for M-Commerce”
76 of these papers raise it as a problem
Problems · theme 07
Algorithmic trading and portfolio design
42 papers · 6.6% of this block
▲ +32% share2022→2025 share of research on this subject
Literature surveys methods for market prediction, algorithmic trading, and portfolio optimization.
Portfolio · Financial market · Algorithmic trading · Portfolio optimization
“Stock Market Prediction Using Machine Learning Techniques: A Decade Survey on Methodologies, Recent Developments, and Future Directions”
42 of these papers raise it as a problem
Cautions210 papers · 4 recurring themes
Cautions · theme 01
Policy and consumer shifts in payments
72 papers · 34.3% of this block
▲ +37% share2022→2025 share of research on this subject
Authors urge careful consideration of evolving payment preferences and regulatory implications for digital currencies.
Payment · Mobile payment · Digital currency · Currency
“Payments transition in India – consumer preferences and policy shifts”
72 of these papers raise it as a problem
Cautions · theme 02
FinTech’s role in inclusion requires scrutiny
69 papers · 32.9% of this block
▲ +91% share2022→2025 share of research on this subject
Studies caution that FinTech solutions may not automatically resolve access and literacy challenges for underserved groups.
Financial services · FinTech · Financial inclusion · Financial literacy
“Fintech and financial inclusion: Transforming underserved access to financial services”
69 of these papers raise it as a problem
Cautions · theme 03
Algorithmic trading effects on markets
37 papers · 17.6% of this block
▼ -14% share2022→2025 share of research on this subject
Research warns of potential market distortions and systemic risks arising from automated trading strategies.
Algorithmic trading · Portfolio · Financial economics · Trading strategy
“A Study on Algorithmic Trading Strategies and Their Impact on Financial Markets: Evidence from the Indian Securities Market”
37 of these papers raise it as a problem
Cautions · theme 04
AI-driven fraud detection limits
32 papers · 15.2% of this block
▼ -37% share2022→2025 share of research on this subject
Papers highlight the need for robust validation and ethical oversight when applying AI to credit risk and fraud.
Computer security · Credit card fraud · Credit card · Analytics
“Adoption of artificial intelligence-based credit risk assessment and fraud detection in the banking services: a hybrid approach (SEM-ANN)”
32 of these papers raise it as a problem
Opportunities2,221 papers · 7 recurring themes
Opportunities · theme 01
Machine learning for fraud prevention
540 papers · 24.3% of this block
▼ -42% share2022→2025 share of research on this subject
Works explore how AI techniques can improve real‑time detection of fraudulent financial transactions.
Financial fraud · Accounting · Database transaction · Computer security
“Fraud Detection in Banking Transactions Using Machine Learning”
Opportunities · theme 02
AI‑enhanced portfolio optimization
408 papers · 18.4% of this block
▲ +8% share2022→2025 share of research on this subject
Research demonstrates the potential of machine learning to refine trading strategies and optimize investment portfolios.
Portfolio · Portfolio optimization · Trading strategy · Algorithmic trading
“Prediction and Portfolio Optimization in Quantitative Trading Using Machine Learning Techniques”
Opportunities · theme 03
Advances in mobile payment ecosystems
352 papers · 15.8% of this block
▲ +38% share2022→2025 share of research on this subject
Studies investigate emerging payment platforms and consumer adoption drivers within the Indian market.
Payment · Mobile payment · Payment system · Marketing
“Unified Payment Interface—An Advancement in Payment Systems”
Opportunities · theme 04
ML models for credit card fraud
346 papers · 15.6% of this block
▲ +21% share2022→2025 share of research on this subject
Papers present effective machine learning approaches to identify and prevent credit card fraud.
Credit card fraud · Credit card · Random forest · Computer security
“Credit Card Fraud Detection using Machine Learning Algorithms”
Opportunities · theme 05
FinTech enabling financial inclusion
319 papers · 14.4% of this block
▲ +91% share2022→2025 share of research on this subject
Research shows how digital services can expand access to finance and improve financial literacy.
Financial inclusion · Financial services · FinTech · Financial literacy
“The Impact of Fintech and Digital Financial Services on Financial Inclusion in India”
Opportunities · theme 06
Blockchain for secure transactions
144 papers · 6.5% of this block
→ +1% share2022→2025 share of research on this subject
Works examine blockchain applications that enhance transparency and security in payment and identity verification.
Blockchain · Computer security · Database transaction · Transparency
“Online Payment Using Blockchain”
Opportunities · theme 07
Interpretable credit risk models
112 papers · 5.0% of this block
▲ +10% share2022→2025 share of research on this subject
Studies focus on feature selection and explainable AI to improve credit scoring accuracy.
Credit risk · Loan · Interpretability · Feature selection
“Credit scoring using ensemble of various classifiers on reduced feature set”
Which of these themes are growing fastest
Identifies which research themes have increased their share of global fintech scholarship between 2022 and 2025.
Problems
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining sharelosing share
FinTech impact on traditional services▲+80%
Financial inclusion and literacy gaps▲+77%
Mobile payment adoption barriers▲+39%
Credit card fraud detection challenges▲+34%
Algorithmic trading and portfolio design▲+32%
Payment system security vulnerabilities▼-5%
Regulatory and market risks in trading▼-57%
Cautions
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining sharelosing share
FinTech’s role in inclusion requires scrutiny▲+91%
Policy and consumer shifts in payments▲+37%
Algorithmic trading effects on markets▼-14%
AI-driven fraud detection limits▼-37%
Opportunities
how much more (or less) of the world’s research on this subject each theme took up, 2022→2025
gaining sharelosing share
FinTech enabling financial inclusion▲+91%
Advances in mobile payment ecosystems▲+38%
ML models for credit card fraud▲+21%
Interpretable credit risk models▲+10%
AI‑enhanced portfolio optimization▲+8%
Blockchain for secure transactions▲+1%
Machine learning for fraud prevention▼-42%
Prism
Go deeper on Fintech research and innovation
Research themes, patent activity and the companies commercialising them, in one place.
Keep going
Track Fintech in India beyond this page
Radar finds and filters the companies. Prism watches what is being said about them.
About this data: built from Fliar's company, founder, funding, hiring, jobs, news and research trackers, covering India. Counts are of companies we track, not of every company that exists. Updated September 2026.
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Where demand signals run ahead of mapped supply — India
Every demand signal in India’s newsflow, measured as a share of the country’s own coverage (2025-05-01 to 2026-05-01, against the year before), then scored beside family-matched supply — the companies in each signal’s mapped fintech categories — as within-page percentiles. The gap is signal percentile minus supply percentile — a prioritisation clue in percentile points, not a market size.
The opportunity, in one view
signal family
signal pctile
supply pctile
gap · bar scaled to ±42.9 pts
gap pts
vs prior yr
Financial inclusiondemand driver
signal pctile42.9
supply pctile10
gap pts+32.9
vs prior yr▲ +52.4%
Fraud, scams & consumer trusttrust friction
signal pctile42.9
supply pctile10
gap pts+32.9
vs prior yr▲ +67.8%
Interest rates & policymacro pressure
signal pctile57.1
supply pctile50
gap pts+7.1
vs prior yr▲ +20.7%
Layoffs & income shocksspending pressure
signal pctile71.4
supply pctile80
gap pts-8.6
vs prior yr▲ +77%
Lending & credit accessdemand driver
signal pctile28.6
supply pctile50
gap pts-21.4
vs prior yr▲ +17.8%
Market volatilitymacro pressure
signal pctile57.1
supply pctile100
gap pts-42.9
vs prior yr▲ +39.7%
Crypto & digital assetsadoption shift
signal pctile50
supply pctile—
this page’s market map carries no matching category
gap pts—
vs prior yr▲ +139.3%
Data & privacy regulationcompliance pressure
signal pctile50
supply pctile—
this page’s market map carries no matching category
gap pts—
vs prior yr▲ +177.7%
Where the signals are loudest
Each region’s reading is a share of its own coverage, so a loud smaller region can outrank a large one; rows follow each story’s primary region tag.
region
signal /10k articles · bar scaled to top row
top families
Chungcheongbuk-Do
top familiesData & privacy regulation, Fraud, scams & consumer trust, Layoffs & income shocks
Maharashtra
top familiesInterest rates & policy, Market volatility, Lending & credit access
Karnataka
top familiesLayoffs & income shocks, Lending & credit access, Fraud, scams & consumer trust
Kashmir
top familiesMarket volatility, Interest rates & policy, Financial inclusion
Gujarat
top familiesMarket volatility, Lending & credit access, Financial inclusion
Tamil Nadu
top familiesLending & credit access, Financial inclusion, Layoffs & income shocks
Andhra Pradesh
top familiesData & privacy regulation, Lending & credit access, Financial inclusion
Delhi
top familiesLayoffs & income shocks, Fraud, scams & consumer trust, Interest rates & policy
Chhattisgarh
top familiesFinancial inclusion, Lending & credit access, Fraud, scams & consumer trust
Haryana
top familiesMarket volatility, Fraud, scams & consumer trust, Lending & credit access
showing the ten highest-signal regions of 12 readings.
Inside the three leading signals
+32.9 percentile-point gap
Financial inclusion
the operating hypothesis
Inclusion pushes can pull low-cost payment and credit rails toward new users.
6.44 /10k articles, 12-month share ▲ +52.4% vs prior yr
quarterly share /10k
2024Q32026Q1
where it concentrates · /10k of that region’s coverage
Chhattisgarh10.7
Tamil Nadu9.5
Maharashtra9
+32.9 percentile-point gap
Fraud, scams & consumer trust
the operating hypothesis
Trust friction can reward whoever fixes service, complaints and fraud handling.
5.91 /10k articles, 12-month share ▲ +67.8% vs prior yr
quarterly share /10k
2024Q32026Q1
where it concentrates · /10k of that region’s coverage
Karnataka9.7
+7.1 percentile-point gap
Interest rates & policy
the operating hypothesis
Rate moves can reprice every loan book — lending and deposit products feel it first.
19.37 /10k articles, 12-month share ▲ +20.7% vs prior yr
quarterly share /10k
2024Q32026Q1
where it concentrates · /10k of that region’s coverage
Maharashtra40.1
Delhi6.9
Gujarat6.1
For who is hiring, raising and leading here, see this page’s leader boards and market map above.
Related research & where the coverage is heading
The research below carries both a fintech term and this page’s geography in its title — context for the boards above, not proof of any single number. The keywords are the fastest-growing terms in India coverage of this page's demand families, measured as a share of that coverage year-over-year so volume drift cancels.
Related research · fintech in India
“Predicting the intention to use mobile banking in India”
“Extending health insurance to the poor in India: An impact evaluation of Rashtriya Swasthya Bima Yojana on out of pocket spending for healthcare”
“Impact of Publicly Financed Health Insurance Schemes on Healthcare Utilization and Financial Risk Protection in India: A Systematic Review”
“Efficiency and technology gaps in Indian banking sector: Application of meta-frontier directional distance function DEA approach”
What’s growing in this coverage
crude oil prices
178 articles, last 12mo
cardless atm access
73 articles, last 12mo
ai hardware
97 articles, last 12mo
cloud infrastructure
105 articles, last 12mo
commodity futures
265 articles, last 12mo
contactless mobile payments
52 articles, last 12mo
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