Industry landscapes
Get Pro
Industry report

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 MUMBAI EDITION 2026

Mumbai’s
wealthtech industry,
in focus.

The companies, capital and talent shaping wealthtech in Mumbai. 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 WealthTech Industry Landscape of Mumbai
IN
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

WealthTech illustration
Companies tracked 411WealthTech ecosystem in Mumbai Disclosed funding $851.83M64 companies · all recorded rounds Companies hiring 45With open roles at the snapshot Tracked open roles 748 employers posted in the preceding 30 days
MEET THE COMPANIES

Explore Mumbai’s wealthtech leaders

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

Expand panel +
Explore the full landscape
WealthTech company highlights in Mumbai, snapshot 3 September 2026
Company
Upstoxupstox.com$219.86M4 roles585Financial figure available in RadarView in Radar
Angel Oneangelone.in$218.19M5 roles2,965$541.31MFYFY2025 filing
Raiseraiseholding.co$145.66M—125—
Dezervdezerv.in$100.49M4 roles286—
QiCAP.Aiqicap.ai$24M6 roles——
Samcosamco.in$19.61M—460$605.47KFYFY2025 filing
MarketWolfmarketwolf.com$17.2M—3—
Market Pulsemarket-pulse.in$10.28M—69—
1% Clubonepercentclub.io—4 roles74Financial figure available in RadarView in Radar
Finnovatefinnovate.in—3 roles52—
Network FPnetworkfp.com—3 roles25$606.58KFYFY2025 filing
CAGRfundscagrfunds.com—2 roles——
Ajcon Global Servicesajcononline.com——4—
AlgoBullsalgobulls.com——33Financial figure available in RadarView in Radar
Axis Directaxisdirect.in——2,443—
DSP Mutual Funddspim.com——508Financial figure available in RadarView in Radar
Dhandhan.co——6$91.74MFYFY2025 filing
ESGDSesgds.io——128—
HDFC SKYhdfcsky.com——3,645—
Octanomoctanom.com——32—
Progressive Share Brokersprogressiveshares.com——81$3.76MFYFY2025 filing
SBICAPsbisecurities.in——10,803$242.98MFYFY2025 filing
Tradebullstradebulls.in——161Financial figure available in RadarView in Radar
Valuefyvaluefy.com——172$4.21MFYFY2025 filing
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 ↗

Company discovery

Recorded evidence only
THE KEY SIGNALS

WealthTech industry KPIs in Mumbai

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

3 September 2026
Hiring participation10.9%

45 of 411 tracked companies have open roles.

Funding participation16.3%

67 of 411 tracked companies have a recorded round.

Top 3 funding share68.5%

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

Median disclosed round$402.5K

Midpoint of 157 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 68.5% of disclosed capital, while 83.7% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Mumbai wealthtech 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

Mumbai wealthtech
$0$69.18M$138.36M$207.54M$276.72M2016: $12.63M20162017: $4.6M20172018: $22.5M20182019: $26.73M20192020: $6.55M20202021: $239.3M20212022: $52.6M20222023: $19.66M20232024: $242.74M20242025: $168.26M2025
View the numbers
Annual wealthtech funding and company formation in Mumbai
YearFunding (USD)FoundedRaising
2016$12.63M278
2017$4.6M1611
2018$22.5M1411
2019$26.73M225
2020$6.55M3412
2021$239.3M4322
2022$52.6M2922
2023$19.66M3115
2024$242.74M299
2025$168.26M711
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Upstox25.8%
  • Angel One25.6%
  • Raise17.1%
  • Other companies31.5%

Funding by stage

169 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel140 82.8%
Series A–B18 10.7%
Series C+ / PE4 2.4%
Grants, debt & other7 4.1%

Recent recorded rounds

Latest recorded rounds · USD
2 rounds

Swipe or scroll horizontally to browse.

Grant (prize money)05/2026
Saventh —

Backed by HDFC Bank.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series C09/2021
Upstoxupstox.com$184.54M

Backed by Tiger Global Management and Epx Uptech and others.

Series B07/2024
Dezervdezerv.in$32.49M

Backed by Premji Invest and Elevation Capital and others.

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 · 147 reporting entities from 187 eligible matches.

Revenue in covered accounts₹28,983.5 crore

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

Net profit / loss₹3,896.2 crore

Combined result for the same cohort.

Aggregate net margin+13.4%

Combined net income ÷ combined revenue.

Median company revenue₹4.2 crore

The middle covered reporting entity.

Profitable entities+56.5%

83 of 147 covered entities.

Top-five concentration+74.1%

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 · 147 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.

147 reporting entities
Continue your financial research in Radar

Explore full company accounts and filings.

View financials in Radar ↗
MUMBAI · INDUSTRY COHORTS

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

Busiest websites

17 of the 411 companies on this page carry a measured traffic record (4.1%); these are the largest of those, by monthly visits. The median among them is 340,208 visits.

CompanyMonthly visitsAuthorityMobile
Angel Oneangelone.in12,783,2117747.2%
Upstoxupstox.com8,457,7796580.2%
HDFC SKYhdfcsky.com932,3735191.7%
Axis Directaxisdirect.in853,5725786.7%
DSP Mutual Funddspim.com804,5624591.7%
MarketsMojomarketsmojo.com577,8315467.1%
mStockmstock.com506,7805051.3%
IndiaBondsindiabonds.com463,9134377%
Dezervdezerv.in340,2084486%
1% Clubonepercentclub.io206,7732784.9%

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

Most-installed apps

145 of these companies (35.3%) publish at least one Android app — 189 apps in all, carrying 256.7M installs between them.

AppInstallsRatingStore category
Angel One: Stocks, Mutual FundAngel One111.3M4.5Finance
Upstox Stocks IPO Mutual FundsUpstox46.4M4.4Finance
mStock: Demat & Stock TradingmStock18.7M3.5Finance
Dhan: Share Market Trading AppRaise15.2M4Finance
HDFC SKY: Demat Stocks IPO MFHDFC SKY10.1M4.3Finance
SBI Securities: Stocks & SIPSBICAP7.7M4.2Finance
Market Pulse: Traders SuperappMarket Pulse4.5M4.6Finance
Research 360: Market ResearchResearch 3604M4.2Finance
Kotak Cherry: MFs, SIPsKotak Cherry3.9M4.9Finance
Teji Mandi:Investing & TradingTeji Mandi3.4M3.9Finance

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
Investment Tech189256.7MAngel One: Stocks, Mutual Fund 111.3M
Data As A Service102.3MSamco: Stocks & Recommendation 1.7M
Finance & Accounting Tech3124.1K5nance - Wealth Management 81.2K
Brokers And Dealers3111.5KShree Varahi 88K
Asset Management4106.5KShree MF 17.7K
Chatbots289.6KMyFi: AI, Mutual Funds, Stocks 76.7K
Internet First Insurance Platforms481.5KMoneyWorks Financial Services 109
Cybersecurity226.3KMedront Money Manager & Deals 26.2K

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: 52023Q2: 22023Q22023Q3: 32023Q3: 12023Q32023Q4: 62023Q4: 02023Q42024Q1: 52024Q1: 12024Q12024Q2: 62024Q2: 02024Q22024Q3: 42024Q3: 62024Q32024Q4: 62024Q4: 32024Q42025Q1: 62025Q1: 32025Q12025Q2: 112025Q2: 72025Q22025Q3: 22025Q3: 122025Q32025Q4: 62025Q4: 142025Q42026Q1: 12026Q1: 202026Q1

Darker bars are new releases, lighter bars apps updated. 147 of 189 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Mumbai wealthtech market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Fintech406
Investment tech406
Consumer digital335
Enterprise tech112
Enterprise software39
Saas27
Online financial databases14
Fintech saas13
Marketplaces7
Fixed income trading platforms6

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

SEGMENT TO EXPLORE

Fintech

The largest measured segment in this report snapshot.

406companies
10.8%have hiring activity

44 companies hiring · $851.83M disclosed funding

Explore in Radar

How companies make money

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

Commission on transaction218
Subscription213
Fee-for-service179
E-commerce - service41
Advertising24
E-commerce - product8
Lending6
Freemium5
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
Mergers & acquisitionsraiseholding.co ↗

Mumbai-based fintech Raise Financial Services has acquired algorithmic investing and trading platform, Stratzy, in a cash & stock deal.

Mergers & acquisitionsdhan.co ↗

Previously, Dhan acquired Stratzy in November 2025 for around $4-4.5 million, strengthening its algorithmic investing capabilities.

Funding roundsdezerv.in ↗

Premji Invest, Z47 (formerly Matrix Partners), and Elevation Capital were also active during the period, backing Dezerv’s $72 million fundraise across two rounds.

Mergers & acquisitionsstratzy.in ↗

Raise Financial, the parent of online stock trading platform Dhan, has fully acquired Stratzy, an algo-based investing and trading startup, in a cash-and-stock deal valued at $4-4.5 million, said people familiar with the matter.

Mergers & acquisitionsfintoo.in ↗

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

Mergers & acquisitionsbandhanmutual.com ↗

Bandhan Mutual Fund, through its various schemes, has increased its stake in Sobha Limited to 5.0114% of the paid-up capital, acquiring additional equity shares of 0.0146% on September 26, 2025.

Mergers & acquisitionsangelone.in ↗

BofA bought over 15.19 lakh shares worth Rs 348 crore through its French subsidiary BofA Securities Europe SA while in the former case, BofA acquired Angel One shares at a price of Rs 2,293.21 per share.

Mergers & acquisitionsfintra.co.in ↗

the technology solutions provider announced the acquisition of Fintra Software Pvt Ltd to enhance its transaction banking offerings.

Mergers & acquisitionssamco.in ↗

Microtek Medical Holdings (Alpharetta, Georgia), a manufacturer of infection control products, fluid control products and safety products to healthcare professionals, has acquired Samco (Malta), a manufacturer of disposable surgical products.

Leadership movesoctanom.com ↗

Octanom Tech announced the appointment of Rajesh Vora as Chief Operating Officer.

Full recorded event mix

Top 10 categories among 189 recorded events in the 24-month window.

Earnings
96
Leadership moves
22
Funding rounds
20
Mergers & acquisitions
15
New products
11
Regulatory
8
Capital infusions
4
Buyback
3
Layoffs
3
Company announcements
3
6 activity cards

Swipe or scroll horizontally to browse.

IPO pipeline

2 companies with recorded IPO activity

Angel One ↗

IPO · BSE, NSE2 reports

Rurash ↗

IPO1 reports

Leadership moves

6 tracked people moves

Octanom ↗
Khushal Devera

Appointment Head – Family Office

Octanom ↗
Rajesh Vora

Appointment Chief Operating Officer

Angel One ↗
Ajit Sinha

Appointment General Counsel

SBICAP ↗
Bhuvaneshwari A.

Appointment Managing Director and Chief Executive Officer

Dezerv ↗
Susmit Patodia

Appointment Group Head of Business and New Initiatives

Dhan ↗
Ketan Shah

Appointment Chief Executive Officer

Product launches

Products, platforms and features in the recorded window

Raise ↗
Artham

small language model

Workforce actions

1 companies with reported reductions

1% Club ↗

15.0% roleshiring mistakes and AI automation

Regulatory events

8 recorded events

Angel One ↗

Reserve Bank of India

Angel One ↗

adjudication proceedings initiated, show-cause notice issuedSecurities and Exchange Board of India

Angel One ↗

settled case with fineSecurities and Exchange Board of India

Samco ↗

in-principle approval grantedSecurities and Exchange Board of India

Litigation

1 tracked suits

Company
Securities and Exchange Board of India (Sebi) v angel one

failure to disclose material developments related to proposed scheme of arrangementRegulatory · Settled

Earnings pulse

Reported company results in the recorded window.

9companies
93period observations
19.2%median reported growth

Median across 87 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

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

Acquirer → targetStatusDateValue / context
Dhan→infinyte clubRumored2026-04-21$10.0M
Raise→Stratzy ↗Announced2026-04-21Not stated in snapshot
Dhan→Filter CoffeeCompleted2026-04-02Not stated in snapshot
Dhan→Stratzy ↗Announced2026-04-02Not stated in snapshot
choice international→Fintoo ↗Announced2025-10-23Not stated in snapshot
Bandhan Mutual Fund→Sobha LimitedAnnounced2025-09-26Not stated in snapshot

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

PEOPLE & OPPORTUNITY

The talent market

184 postings in the preceding 12 months. The full 221-posting snapshot covers 49 employers.

Expand panel +

Most advertised job titles

Nodejs Developer2
Senior Credit Analyst2
Product Development & Implementation Manager2
Manager Direct Channel2
Private Wealth Manager2
Tech Lead Mobile2
1 internship postings

4 tracked postings mention remote work.

The seniority mix

115 postings specify a level.

unspecified
106
manager
40
senior
32
lead
27
intern
12
entry
4

Skills employers mention

Top skills across 221 tracked postings in the available jobs snapshot.

Communication Skills
27
Wealth Management
18
Analytical Skills
15
Python
14
Sales
14
Sql
13
Communication
13
Lead Generation
12
Financial Services
12
Stakeholder Management
11
THE PEOPLE BUILDING THE FIELD

Founders and leaders

363 founders and chief executives across 264 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

63 profiles with education records.

IIT Bombay
10
IIM Ahmedabad
8
IIT Delhi
6
Indian School of Business
6
IIM Bangalore
5
University of Delhi
5
IIT Kanpur
3
University of California (Berkeley)
3

Prior employers

14 profiles with prior-work records.

Morgan Stanley
3
Goldman Sachs
3
Amazon
2
Boston Consulting Group
2
Microsoft
1
Apple
1
Flipkart
1
Cisco
1

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

NEWS INTELLIGENCE

How this industry appears in the news

38,493 articles in the measured 12-month window.

Expand panel +
38,493articles in the measured year
9,630articles in 2026Q1
71.9%positive tone in the latest complete year

News volume trends

WealthTech coverage tagged Mumbai · articles per complete quarter

03,2756,5509,82613,1012021Q2: 5,8392021Q22021Q3: 6,0862021Q4: 5,5662022Q1: 6,9212022Q2: 8,8022022Q22022Q3: 8,0722022Q4: 8,0002023Q1: 8,0792023Q2: 8,2402023Q22023Q3: 7,4922023Q4: 8,0012024Q1: 7,6112024Q2: 9,5862024Q22024Q3: 9,0912024Q4: 10,0472025Q1: 11,3922025Q2: 8,5752025Q22025Q3: 10,1262025Q4: 9,7622026Q1: 9,6302026Q1
View quarterly article counts
QuarterArticles
2021Q25,839
2021Q36,086
2021Q45,566
2022Q16,921
2022Q28,802
2022Q38,072
2022Q48,000
2023Q18,079
2023Q28,240
2023Q37,492
2023Q48,001
2024Q17,611
2024Q29,586
2024Q39,091
2024Q410,047
2025Q111,392
2025Q28,575
2025Q310,126
2025Q49,762
2026Q19,630

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
12,914 positive · 253 neutral · 5,351 negative
2022
20,544 positive · 347 neutral · 10,849 negative
2023
21,347 positive · 299 neutral · 10,125 negative
2024
26,437 positive · 433 neutral · 9,426 negative
2025
28,622 positive · 425 neutral · 10,769 negative

Leading coverage topics

WealthTech coverage tagged Mumbai · ranked by full-period article count.

Initial Public Offerings (Ipos)27,261 articles in the full recorded period
7,882 recent · 9,355 prior
Initial Public Offerings (Ipos) And Listings22,252 articles in the full recorded period
6,745 recent · 6,932 prior
Cryptocurrency Impact On Forex Markets18,778 articles in the full recorded period
4,107 recent · 3,110 prior
Strategic Partnerships And Collaborations17,969 articles in the full recorded period
5,043 recent · 3,952 prior
Asian Financial Market Developments17,570 articles in the full recorded period
5,863 recent · 5,394 prior
New Product Launches And Innovations17,266 articles in the full recorded period
4,841 recent · 4,132 prior
Emerging Markets Economic Updates16,130 articles in the full recorded period
4,860 recent · 4,460 prior
Trade Wars And Geopolitical Impacts15,821 articles in the full recorded period
5,991 recent · 4,734 prior
Foreign Exchange (Forex) Rate Fluctuations15,385 articles in the full recorded period
4,523 recent · 3,949 prior
Stock Market Performance And Trends13,380 articles in the full recorded period
4,937 recent · 3,920 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

India comparison coverage

KeywordRecentPriorChange
performance sedan engines802264204%
crude oil prices67938775%
sedan mpg comparison556264111%
stablecoin fx impact555190192%
compact sedan fuel efficiency555264110%
diesel sedan fuel consumption555264110%
fwd sedan efficiency555264110%
sedan drivetrain comparisons555264110%
fuel-efficient sedan models555264110%
hybrid sedan efficiency555264110%
master franchising174,947-100%
conversion franchising174,641-100%
brand franchising174,640-100%
franchisee support144,630-100%
single-unit franchise114,608-100%

Event and signal lenses

India comparison coverage

All complete annual cohorts shown
Rising

Regulatory Risk

416,470 classified articles

stock performance, stock indices, forex liquidity

60.2% critical · 38.2% positive
Rising

Funding Momentum

100,689 classified articles

pre-ipo valuation, ipo prospectus, ipo pricing

56.9% critical · 54.6% positive
Rising

Growth

173,226 classified articles

gdp growth forex, inflation reports fx, trade wars forex

52.7% critical · 47.7% positive

WealthTech coverage tagged Mumbai. Topic labels describe recorded classifications and can include broad context.

RESEARCH SIGNALS

What WealthTech 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 Disruption of Traditional ServicesCommon problems researchers identify · 01

FinTech Disruption of Traditional Services

82 papers

32.9% of this theme group

Researchers highlight how fintech is reshaping conventional financial institutions and services.

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
Barriers to Financial InclusionCommon problems researchers identify · 02

Barriers to Financial Inclusion

61 papers

24.5% of this theme group

Papers discuss obstacles and gaps that prevent broader access to financial services.

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
Challenges in Digital Retail BankingCommon problems researchers identify · 03

Challenges in Digital Retail Banking

42 papers

16.9% of this theme group

Studies examine issues faced by mobile banking and payment platforms in India.

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
Fraud Detection and Anomaly RisksCommon problems researchers identify · 04

Fraud Detection and Anomaly Risks

34 papers

13.7% of this theme group

Research points to persistent fraud problems and the need for better detection methods.

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 Adoption HurdlesCommon problems researchers identify · 05

Blockchain Adoption Hurdles

30 papers

12.0% of this theme group

Works identify technical and regulatory obstacles to using blockchain in finance.

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.

Sustainability Risks of FinTech GrowthCautions · 01

Sustainability Risks of FinTech Growth

38 papers

34.2% of this theme group

Authors caution that rapid fintech expansion may undermine environmental and social goals.

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
Policy and Infrastructure Limits on InclusionCautions · 02

Policy and Infrastructure Limits on Inclusion

36 papers

32.4% of this theme group

Studies warn that government policies and infrastructure can restrict digital payment adoption.

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
AI Impact on Financial Decision QualityCautions · 03

AI Impact on Financial Decision Quality

24 papers

21.6% of this theme group

Researchers raise concerns about AI influencing investment choices and report accuracy.

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
Central Bank Digital Currency UncertaintiesCautions · 04

Central Bank Digital Currency Uncertainties

13 papers

11.7% of this theme group

Papers highlight design and policy ambiguities surrounding a digital rupee.

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 as a Driver of Sustainable FinanceOpportunities · 01

FinTech as a Driver of Sustainable Finance

88 papers

21.9% of this theme group

Works explore how fintech can advance sustainable financial practices.

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
AI and Big Data for Financial ServicesOpportunities · 02

AI and Big Data for Financial Services

66 papers

16.5% of this theme group

Research shows AI and large datasets improving analytics and service delivery.

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 Payments Expanding InclusionOpportunities · 03

Mobile Payments Expanding Inclusion

64 papers

16.0% of this theme group

Studies reveal mobile payment systems boosting access for underserved populations.

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
FinTech Solutions for InclusionOpportunities · 04

FinTech Solutions for Inclusion

56 papers

14.0% of this theme group

Papers demonstrate fintech’s role in widening financial service reach.

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
Digital Literacy Empowering Financial Well‑BeingOpportunities · 05

Digital Literacy Empowering Financial Well‑Being

51 papers

12.7% of this theme group

Research links improved digital financial literacy to greater inclusion and empowerment.

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 Enhancing Transaction SecurityOpportunities · 06

Blockchain Enhancing Transaction Security

40 papers

10.0% of this theme group

Works highlight blockchain’s potential to secure financial transactions and data sharing.

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
Hybrid Machine Learning for Fraud PreventionOpportunities · 07

Hybrid Machine Learning for Fraud Prevention

36 papers

9.0% of this theme group

Studies present advanced ML and explainable AI methods to detect and mitigate fraud.

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%37.1%
Problem-identifying24.0%9.9%
Descriptive23.5%17.3%
Cautionary11.8%4.6%
Breakthrough7.0%26.2%
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.

UNDERSTAND THE LANDSCAPE

WealthTech in Mumbai: 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 Mumbai in context

All landscapes ↗

Company ecosystem snapshot: 3 September 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