Fintech Landscape of Mumbai
1,239 Fintech companies in Mumbai, in one picture: who is hiring, who is raising money, who founded them, what the news is about, which skills employers want and where the research is going. Updated August 2026.
Who leads Fintech in Mumbai
Shows the top fintech firms in Mumbai by size, funding, hiring activity and media coverage, noting 1,239 companies tracked, 171 currently hiring and 294 that have reported a funding round.
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Idfy7last posted Aug 2026
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Snapmint6last posted Aug 2026
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Weaver6last posted Jul 2026
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Kissht6last posted Aug 2026
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CredAble6last posted Aug 2026
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Angel One5last posted Aug 2026
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EnKash5last posted Aug 2026
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Mintifi5last posted Jun 2026
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Avanse Financial Services$693MConventional Debt · Aug 2025
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InCred$472MConventional Debt · Jul 2025
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Bizongo$310.5MSeries E · Mar 2025
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BlackSoil$298.1MConventional Debt · Mar 2026
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Branch$265.8MVenture Debt · Oct 2025
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NeoGrowth$261.9MConventional Debt · Nov 2024
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SMFG India Credit$1.2BFY2018 filing
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BillDesk$220.8MFY2023 filing
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Augmont$215.9MFY2024 filing
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Seshaasai$175.4MFY2024 filing
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Upstox$150MFY2022 filing
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AGS Transact Technologies$140.4MFY2021 filing
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Aurionpro$123.5MFY2017 filing
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Turtlemint2,274tracked employees
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ISG1,796tracked employees
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Kiya.ai1,539tracked employees
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APAC Group1,351tracked employees
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Mswipe1,151tracked employees
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Jio Financial Services14.3%331 tracked events
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Zaggle6.0%139 tracked events
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FlexiLoans3.1%71 tracked events
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Franklin Templeton International Services2.8%64 tracked events
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Dezerv2.5%57 tracked events
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Vance1,699articles in the window
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Nuvama1,056articles in the window
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Arya.ai862articles in the window
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TransUnion CIBIL469articles in the window
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India Ratings and Research186articles in the window
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See all 1,239 Fintech companies in Mumbai
Filter by funding, headcount, hiring and location, and export the list.
How the Fintech ecosystem in Mumbai grew, 2016–2025
Lists the annual count of new fintech firms from 2016 to 2025, with the highest count of 111 companies founded in 2021 and 20 founded in 2025.
The Fintech market map of Mumbai: what these companies actually do
Breaks down the product focus of Mumbai fintech firms, highlighting the largest categories such as consumer digital (699 firms) and enterprise tech (647 firms), and the most common revenue models like transaction commissions (793 firms).
- Consumer Digital699 companies · $5.3B raised · 97 hiring
- Enterprise Tech647 companies · $5.7B raised · 99 hiring
- Investment Tech370 companies · $807.4M raised · 41 hiring
- Enterprise Software277 companies · $1.7B raised · 43 hiring
- Nbfc Lenders254 companies · $4.9B raised · 50 hiring
- Online Trading Platforms166 companies · $639.8M raised · 19 hiring
- SaaS161 companies · $609.4M raised · 25 hiring
- Internet First Wealth Management Platforms133 companies · $127.4M raised · 11 hiring
- Online Financial Planners and Advisors117 companies · $116.7M raised · 9 hiring
- Business Payments Solutions113 companies · $1B raised · 16 hiring
- Marketplaces109 companies · $670.1M raised · 13 hiring
- Fintech SaaS95 companies · $337.4M raised · 17 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.
Funding, M&A and the deals moving Fintech in Mumbai
- 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
- FundingCredilio Raises ₹100 Crore to Scale2026-04-28
- 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
- FundingSeasoned entrepreneur Devesh Sachdev has invested $5 million in GLAAS, an embedded credit platform for MSMEs, and joined the company as co-founder and Managing Director.2026-04-08
- M&AZaggle Prepaid Ocean Services Ltd is not moving ahead with its plan to acquire a majority stake in Hyderabad-based ...2026-04-07
- FundingVodacom has invested $28m to upgrade technology for its M-Pesa platform in Tanzania.2026-04-06
- M&APreviously, Dhan acquired Stratzy in November 2025 for around $4-4.5 million, strengthening its algorithmic investing capabilities.2026-04-02
- Funding"Finfinity raised $2.4 million,"2026-03-30
Mergers and acquisitions
Deals from the last 24 months where a Fintech company in Mumbai 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 |
|---|---|---|---|---|
| $10M | Rumored | 2026-04-21 | ||
| undisclosed | Announced | 2026-04-21 | ||
| undisclosed | Announced | 2026-04-21 | ||
| Na | undisclosed | Terminated | 2026-04-06 | |
| undisclosed | Terminated | 2026-04-03 | ||
| Filter Coffee | undisclosed | Completed | 2026-04-02 |
Who is listing, hiring leaders, launching and winning work
Details specific event types such as IPO filings, leadership changes, product launches and contract wins for the tracked fintech companies.
BenowIPO · KOSPI · 2 reportsJan 2026
PayNearbyIPO · 1 reportSep 2025
MaximusElizabeth Moellering · Appointment → general counsel and corporate secretaryApr 2026
GLAASDevesh Sachdev · Appointment → Co-founder and Managing DirectorApr 2026
FinfinitySaaurabh R Pradhaan · Appointment → Executive Director and Chief Operations OfficerMar 2026
ExperianKonfir (Verification)Apr 2026
1% Club~15% of workforce reported · hiring mistakes and AI automationDec 2024
- Securities and Exchange Board of India (Sebi) v angel onefailure to disclose material developments related to proposed scheme of arrangement · SettledNov 2025
- Securitrans India v ags transact technologiesCorporate insolvency due to unpaid dues · OngoingAug 2025
Half of these companies grew revenue faster than +27.5%, half slower.
Who is building Fintech in Mumbai
Ex-Gravitas · Indian Institute of Technology, Bombay BTech 2012
Prince Pipes and Fittings · Ex-K12 Techno Services, Citi, Ecu Line · Narsee Monjee College of Commerce and Economics BCom 2004
Ex-NeoGrowth Credit, Fullerton India Credit, Standard Chartered Bank, Tata Finance. Gauhati University MBA 1993…
Ex-Kiva, C Quest Capital, International Resources Group. University of Washington BA
Ex-Quikr, Nokia, Yahoo, Elance, Deloitte. IIT Bombay BE 1997, The University of Chicago Booth School of Business MBA 2003
Ex-Co-Founder RK Trading Partnership. UC Irvine BS 2004
State Bank of India
Ex-Google, Raymond, Myntra · AMU BE 1996, IIT Kanpur ME 1998, Purdue University MS 1999.University of California, Berkeley…
Ex-Avanse Financial Services, DHFL, Wadhawan Lifestyle Retail, Piramyd Retail, Trent.
- flagged as repeat founders31
- no repeat-founder flag1,094
- women118
- men922
Look up the people behind Fintech companies in Mumbai
Search founders, executives and operators by company, role and location.
Who funds Fintech in Mumbai
Records 968 funding rounds since 2016 backed by 4,207 investors, with the typical round size around $1.1 million.
| Investor · most active investors since 2016 | Rounds | Led | Latest |
|---|---|---|---|
| Blume Venture | 33 | 10 | Feb 2026 |
| Trifecta Capital | 31 | 9 | Jan 2026 |
| Beenext | 24 | 10 | Apr 2026 |
| IFC | 23 | 6 | Dec 2025 |
| Peak XV Partners | 21 | 10 | Feb 2025 |
| Z47 | 19 | 8 | Oct 2025 |
| Accel | 19 | 8 | Jan 2026 |
| Venture Catalysts | 18 | 7 | Mar 2025 |
| QED Innovation Labs | 17 | 4 | Dec 2022 |
| 100Unicorns | 16 | 5 | Jun 2024 |
The typical round is $1.1M — half were bigger, half smaller.
The biggest Fintech funding rounds in Mumbai
Lists the biggest disclosed financing deals, including SBI Payment Services' $218.3 million Series D round, and presents ten of the largest recent rounds.
| Company | Round | Size | When | Backers |
|---|---|---|---|---|
| Series D | $218.3M | Jan 2019 | Hitachi Payment Services | |
| Series C | $184.5M | Sep 2021 | Tiger Global Management, Epx Uptech, BlackSoil +4 more | |
| Series C | $120.3M | Mar 2024 | Mubadala, Avendus | |
| Series E | $120M | Apr 2022 | Amansa Capital, Jungle Ventures, Nexus Venture Partners +7 more | |
| Series B | $120M | Oct 2025 | Hornbill Capital, MUFG, Beenext +16 more | |
| Series B | $115M | May 2025 | General Atlantic, Prudent Investment Managers, Kae Capital +59 more | |
| Series D | $110.8M | Nov 2021 | Tiger Global Management, IFC, Schroders +11 more | |
| Series D | $110M | Mar 2023 | Elevation Capital, IFC, Premji Invest +1 more | |
| Series E | $100M | Nov 2024 | Prosus, Ontario Teachers' Pension Plan, Premji Invest | |
| Series A | $99.3M | Nov 2017 | KKR |
203 venture rounds with a disclosed amount in the window.
Conventional Debt$15MMay 2026
Grant (prize money)undisclosedMay 2026
Grant (prize money)undisclosedMay 2026
- Series A$8.3MApr 2026
- Venture Debt$2.4MApr 2026
Seed$342kApr 2026
What the news says about Fintech in Mumbai
Aggregates 39,656 news articles from the last year, most frequently covering IPOs, listings, commodity trading, price changes and geopolitical impacts.
What the coverage is about
The subjects that dominate Fintech news in India. The arrow shows whether each one is being written about more or less than a year ago.
- Initial public offerings (ipos)26,337▼-18%
- Initial public offerings (ipos) and listings22,758→-2%
- Commodity trading and price changes19,874▲+50%
- Trade wars and geopolitical impacts19,413▲+32%
- Asian financial market developments18,830▲+12%
- Foreign exchange (forex) rate fluctuations18,495▲+25%
- Emerging markets economic updates17,683▲+15%
- Interest rate decisions and impacts16,415→+9%
- Quarterly and annual financial results16,241▼-14%
- Corporate earnings reports and financial performance15,449▼-12%
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129 Fintech companies here were named in the news over this period.
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.
Momentum
The words getting louder — and quieter
Which terms are showing up in more stories than a year ago, and which are fading. The percentage is the change in how many articles mention them.
The pressures the press keeps returning to
Three recurring angles in India Fintech coverage, and whether each is getting more attention year on year (through 2025).
Fintech jobs in Mumbai: who is hiring and what they ask for
Shows 1,088 job postings from 198 fintech employers in the past year, with top required skills in Python, SQL, JavaScript, Java and sales, and a median advertised salary of $11 k per year.
Demand
The Skills Employers Ask For
What Fintech employers in Mumbai 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.
- python162▲
- sql131▲
- javascript91▲
- java89▲
- sales88▲
- aws86▲
- communication skills67▲
- communication58▲
- stakeholder management52▲
- git50▲
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What the research says
The Fintech research read is national: 1,335 India-affiliated papers, clustered into themes such as Mobile Payment / Payment, Fintech / Financial Services, Payment / Mobile Payment, Financial Services / Fintech. It is measured at country level, so it is the same signal for every city in India — the full read, with the theme clusters, growth and blind spots, lives on the national page.
Go deeper on Fintech research and innovation
Research themes, patent activity and the companies commercialising them, in one place.
Track Fintech in Mumbai beyond this page
Radar finds and filters the companies. Prism watches what is being said about them.
Direct contact details for the people on this page are held in Fliar Radar, behind its own access controls.