May 22, 2023   / Uncategorized

Top 10 FinTech Companies in India

top 10 fintech companies in india
3 minutes Read

Fintech (short for financial technology) companies in India have experienced exponential growth over the past several years, using technology to provide innovative financial services to both individuals and businesses. Below is a list of India’s Top 10 Fintech Companies along with key details about each business.

Top 10 FinTech Companies in India

1. Paytm

Website: www.paytm.com

Address: B-121, Sector 5, Noida, Uttar Pradesh
Employees: Over 20,000 (approx.)
Funding Raised: Over $4 billion (approx.)
Investors: SoftBank, Alibaba Group, Berkshire Hathaway

About Paytm: Paytm is a premier digital payment platform offering mobile payments, money transfers, online shopping cart services and bill payments.

Unique Selling Point (USP): Large user acceptance and integration within payment ecosystem.

2. PhonePe

Website: www.phonepe.com
Address: Brigade South Parade, M.G. Road, Bangalore, Karnataka
Employees: Over 5,000 (approx.)
Funding Raised: Over $1 billion (approx.)
Investors: Walmart, Tiger Global Management, Tencent Holdings

About PhonePe: PhonePe is an efficient UPI-based digital payment platform that enables its users to send and receive money, pay bills and make online transactions seamlessly.

USP: An intuitive interface and extensive merchant partnerships.

3. Razorpay

Website: www.razorpay.com
Address: 1st Floor, SJR Cyber, Laskar Hosur Road, Bangalore, Karnataka
Employees: Over 2,000 (approx.)
Funding Raised: Over $500 million (approx.)
Investors: Sequoia Capital, Tiger Global Management, GIC, Ribbit Capital

About Razorpay: Razorpay is an established payment gateway, enabling businesses to accept and process digital payments across various channels.

USP: Developer-friendly payment solutions with an emphasis on security.

4. Policy Bazaar

Website: www.policybazaar.com
Address: Plot No. 119, Sector-44, Gurgaon, Haryana
Employees: Over 10,000 (approx.)
Funding Raised: Over $500 million (approx.)
Investors: SoftBank, Tiger Global Management, InfoEdge

About PolicyBazaar: PolicyBazaar is India’s largest online insurance aggregator, providing users with an efficient platform for comparing and purchasing various policies.

USP: An extensive variety of insurance offerings with user-friendly comparison tools.

5. MobiKwik

Website: www.mobikwik.com
Address: 8th Floor, Pearl Tower, Plot No. 51, Sector-32, Gurgaon, Haryana
Employees: Over 1,000 (approx.)
Funding Raised: Over $200 million (approx.)
Investors: Bajaj Finance, Sequoia Capital, American Express

About MobiKwik: MobiKwik is an innovative digital wallet and online payment platform that enables its users to make payments, recharge mobiles, pay utility bills and more.

USP: With offline payments and attractive cashback offers as the focus, USPs include offline payment options as well as cashback offers that offer attractive returns.

6. Zerodha

Website: www.zerodha.com
Address: #153/154, 4th Cross, J.P. Nagar 4th Phase, Bangalore, Karnataka
Employees: Over 2,000 (approx.)
Funding Raised: Bootstrapped (no external funding)

About Zerodha: Zerodha is India’s leading retail stockbroker, providing its technology-enabled platform to traders looking for stocks, commodities, and mutual fund trading options.

USP: Discount brokerage model and user-friendly trading interface.

7. CRED

Website: www.cred.club
Address: UB City, 18 Vittal Mallya Road, Bangalore, Karnataka
Employees: Over 1,000 (approx.)
Funding Raised: Over $500 million (approx.)
Investors: DST Global, Sequoia Capital, Ribbit Capital

About CRED: CRED is a members-only platform that rewards credit card users who pay their bills on time with rewards such as experiences and benefits curated specifically to each card user.

USP: Our unique rewards program and focus on credit card management make us stand out from the competition.

8. Niyo

Website: www.goniyo.com
Address: 51-52, 5th Floor, Prestige Centre Point, Cunningham Road, Bangalore, Karnataka
Employees: Over 500 (approx.)
Funding Raised: Over $60 million (approx.)
Investors: Tencent Holdings, Prime Venture Partners, JS Capital Management

About Niyo: Niyo is a digital banking platform offering digital banking solutions as well as salary accounts to employees.

USP: Innovative salary and banking solutions tailored to blue-collar workers.

9. BharatPe

Website: www.bharatpe.com
Address: Tower C, 9th Floor, IFC, Gurgaon, Haryana
Employees: Over 1,000 (approx.)
Funding Raised: Over $350 million (approx.)
Investors: Coatue Management, Ribbit Capital, Steadview Capital

About BharatPe: BharatPe is a QR-based payment app that allows merchants to accept payments in various digital modes.

USP: Simplifying payments for small merchants and offering integrated lending solutions.

10. Lendingkart

Website: www.lendingkart.com
Address: Plot No. 3A, 1st Floor, Sector 126, Noida, Uttar Pradesh
Employees: Over 1,000 (approx.)
Funding Raised: Over $300 million (approx.)
Investors: Fullerton Financial Holdings, Bertelsmann India Investments, Sistema Asia Fund

About Lendingkart: Lendingkart is a fast, secure online lending platform providing fast loans to small and mid-sized enterprises (SMEs).

USP: An algorithm-based loan approval process designed specifically to support SME financing.

Conclusion

India’s fintech industry has experienced impressive growth over recent years, and these top 10 fintech companies are leading this digital revolution. These firms provide various financial services including digital payments, online banking, insurance aggregation, stockbroking and lending platforms – with innovative solutions and customer-oriented approaches becoming hallmarks of success for them all.

When considering using fintech companies, it’s essential to select an established and trustworthy one. Conduct in-depth research, consider your specific needs, evaluate factors like security, customer support and user experience and select companies with proven success records.

Turnkey Tech Solutions is a premier provider of fintech app and web development services, specializing in tailored solutions designed to meet the specific needs of fintech companies with a highly experienced developer leveraging cutting-edge technologies for reliable yet high-quality fintech apps.

Leave a Reply

Your email address will not be published.