10 Indian Most Successful FinTech StartUps

Financial technology, ( FinTech ), is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance. The use of smartphones for mobile banking, investing services and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public. Fintech startups are trying to replace or transform commerce and payments in many digital ways in the India market.

Here are the top fintech startups in the country:

  1. Paytm
  2. PhonePe
  3. MobiKwik
  4. PayU
  5. PolicyBazaar
  6. LendingKart
  7. Freecharge
  8. Mswipe
  9. Billdesk
  10. Fino PayTech

And here’s a look at the top startups in detail:

Launch Year: 2010

Category: Digital Payments, e-Commerce, Investments

Total Funding Till Date: $2.5 Bn

Key Investors: SoftBank, Alibaba, Berkshire Hathaway, SAIF Partners

Founder: Vijay Shekhar Sharma

Headquarters: Noida

paytm

Launch Year: 2015

Category: Fintech

Total Funding Till Date: 291,700,00

Key Investors: Flipkart

Founders: Rahul Chari, Sameer Nigam, Burzin Engineer

Headquarters: Bengaluru

 

phonepe

Launch Year: 2009

Category: Fintech

Total Funding Till Date: $162 Mn

Key Investors: Sequoia Capital India, Net 1 UEPS Technologies Inc, GMO Payment Gateway

Founders: Bipin Preet Singh, Upasana Taku

Headquarters: Delhi NCR

mobikwik

Launch Year: 2002

Category: Digital Payments

Total Funding Till Date: $70 Mn (India)

Founders: Nitin Gupta, Martin Schrimpf, Arjan Bakker, Jose Velez, Shailaz Nag, Grzegorz Brochocki

Headquarters: Netherlands

 

payu

Launch Year: 2008

Category: Fintech Aggregator

Total Funding Till Date: $346.6 Mn

Key Investors: Wellington Management, PremjiInvest, Tiger Global Management, Inventus Capital Partners

Founders: Yashish Dahiya, Alok Bansal

Headquarters: Delhi-NCR

 

policybazaar

Launch Year: 2014

Category: Lending Tech

Total Funding Till Date: $216 Mn

Key Investors: Fullerton Financial Holdings, SBI, Bertelsmann India, Alteria Capital

Founders: Harshvardhan Lunia, Mukul Sachan

Headquarters: Ahmedabad

 

lendingkart

Launch Year: 2010

Category: FinTech

Total Funding Till Date: $177.6 Mn

Key Investors: Sequoia Capital India, Sofina,

RTP Global, Snapdeal

Founders: Kunal Shah, Sandeep Tondon​

Headquarters: Gurugram

 

Launch Year: 2011

Category: Merchant Payments, Pos

Total Funding Till Date: $105 Mn

Key Investors: B Capital Group, DSG Consumer Partners, Epiq Capital, Matrix Partners India

Founders: Manish Patel

Headquarters: Bengaluru

mswipe

Launch Year: 2000

Category: Digital Payments, Billing

Total Funding Till Date: $257.5 Mn

Key Investors: Clearstone Venture Partners, State Bank of India, Visa

Founders: Ajay Kaushal

Headquarters: Mumbai

 

billdesk

Launch Year: 2006

Category: Payments Bank, SaaS

Total Funding Till Date: $58 Mn

Key Investors: Bharat Petroleum Corp, Blackstone, ICICI

Founders: Manish Khera

Headquarters: Delhi-NCR

fino paytech

FinTech-centric areas includes payments, insurance and advisory services, credit score builder, online lenders and robo advisors.