Bangalore, often referred to as the ‘Silicon Valley of India,’ has emerged in recent years as one of the hotspots for fintech players and many of the most exciting and innovative firms have set up camp here. These are new-era financial technology specialists who are Bringing Change to the Way Consumers and Companies Engage in Financial Transactions Including Payments, Credit, Savings, Protection, Investments and Others.
The availability of technological tools coupled with a favorable legal environment makes Bangalore an ideal destination for both new entrants and giant multinationals. The future is already here with self-made corporate entities like Zerodha and PayPal that are set to revolutionize the sectors of digital payments, stock trading, and personal finance management.
Fresh entries such as M2P Fintech and MoneyTap are among the fintech industries in Bangalore that offer advanced products targeted at specific segments. Alongside these fintech players, IT companies in Bangalore contribute significantly to the city’s reputation as a global tech hub. This article presents the list of 15 leading fintech companies in Bangalore and a review of their services and achievements in the constantly growing field of financial technologies.
The Evolution of Fintech Companies in Bangalore
1. Banks as Digital Business Models
It has replaced physical branches of banking services with the services offered on digital instruments. Mobile banking applications and Internet banking allow customers to conduct operations, pay, and control accounts via the Internet connection.
2. Decreasing Costs of Transactions
Technological application is another reason through which Fintech engages in the offer of cheaper services than conventional banking. One obvious and significant improvement that digital wallets, P2P payment, and mobile payment have done cost-effective payment solutions.
3. Better Customer Relations
Fintech has brought in interfaces that allow users to interact with a system, immediate notifications, and real time support which has enhanced customer satisfaction.
Data analytics and artificial intelligence in the financial sector make financial products serve individual customer needs.
4. Enhanced Demat Account Facility
Fintech has made it possible for the society that has no access to the banking sector, especially the rural sectors, without having some branches erected. There has been an increased use of digital lending firms as well as mobile money in increasing credit and savings.
5. Rise of Neobanks
Neobanks are establishments that provide all the services of a regular bank from the digital platform without having branches thus not having many overhead costs and offer it to you at cheaper rates.
6. Blockchain and Cryptocurrency
P2P ledgers enable safe, decentralized transactions and cryptocurrencies threaten the traditional concept of currency and prepare for the decentralization of the banking sector.
Top 15 Fintech Companies in Bangalore
1. Decentro
Establishment Year: 2020
Decentro, founded in 2020 in Bangalore, is a banking API and financial integration service provider firm in the fintech segment. Decentro is a financial solutions company that comprises more than 50 employees to help streamline complicated operations for firms. It also supports the integration of banking programs to the company’s platform for account creation, payment, lending, as well as compliance.
Whether it’s neobanking, lending, marketplaces or others, industries are aided by technologies such as secure and scalable APIs from Decentro. It has been offering an innovation-first and modular approach which has made it a go-to solution provider for startups and enterprises that intend to optimise their financial processes.
Services Provided:
- Payment Collections & Settlements
- UPI Payment Gateway
- Recurring Payments
- Banking-as-a-Service Platform
- UPI APIs
- Credit Bureau API
- Bulk Payouts
Contact Details:
- Address: 461, Shri Krishna Temple Road, Indira Nagar 1st Stage, Stage 1, Indiranagar, Bengaluru, Karnataka 560038
- Website: https://decentro.tech/
- Phone Number: 095130 30099
2. i-exceed Technology Solutions Private Limited
Establishment Year: 2011
I-exceed Technology Solutions is a fintech company in Bangalore based out of India and was founded in 2011. As an employer of over 500 employees, the company offers banking and fiduciary digital solutions for change. Its primary product is Appzillon, which is the low code omnichannel application development platform for delivering seamless digital banking services. Exceed currently serves over one hundred clients worldwide and provides them with services such as mobile banking, internet banking, as well as onboarding.
Originally, the company was famous for its capacity to speed up the digital transformation processes, minimize the costs of creating new products, and improve the customer experience of clients. Its solutions have driven banking transformations in Asia, the Americas, the Middle East, etc.
Services Provided:
- Appzillon Digital Banking Platform
- Appzillon Digital Onboarding
- Appzillon Digital Branch
- Appzillon Corporate Banking
- Appzillon Retail Banking
- Appzillon SME Banking
Contact Details:
- Address: SJR Padukone Towers, 51, 100 Feet Rd, Santhosapuram, Koramangala 2nd Block, Koramangala, Bengaluru, Karnataka 560034
- Website: https://www.i-exceed.com/
- Phone Number: +91-80-4906-9000
3. LeapFinance
Establishment Year: 2019
Launched in 2019, Leap Finance is an international ed-tech and fintech firm working for Indian students’ global education aspirations. What started as Leap has now grown to have over 1200 employees and the expansion has been rapid. It provides comprehensive services that include education loans at feasible interest rates, counseling on studying abroad among other services; and mentorship services.
LeapScholar and LeapFinance enable students to get admissions, scholarships and visas for higher education. Leap also offers credit card solutions specific to international students. Having its operation in Bangalore, Leap uses financially related products developed by the company and merges them with technology to assist students in studying abroad.
Services Provided:
- Education Loans
- Visa Counseling
- Test Preparation
- Admissions Assistance
- Scholarships
Contact Details:
- Address: Incubex, 163/A, Ground Floor, 9th Main Rd, HSR Layout, Bengaluru, Karnataka 560102
- Website: https://leapfinance.com/
- Phone Number: unavailable
4. M2P Fintech
Establishment Year: 2014
M2P Fintech was established in 2014 and it is an API-based fintech firm that helps various companies to provide financial services without much fuss. Currently, the company is located in Bangalore, and it has employed more than one thousand people.
M2P is about enabling financial institutions, banks and fintechs to plug payments, lending, card & banking solutions into their products. This covers credit card processing and loans, cross-border payments, and real-time- processing of quantitative data on finances. With a scalable and reliable API ecosystem, M2P deploys complicated financial services and drives digitalization. It helps clients in the Asian region, the Middle East and other parts of the world.
Services Provided:
- Issuance of Credit, Debit, and Prepaid Cards
- Buy Now Pay Later (BNPL) Solutions
- Digital Lending
- Banking APIs
- Payment Processing
Contact Details:
- Address: 2nd floor, Finflux, No: 228, 6th A Main Rd, near CMR University, HRBR Layout 2nd Block, HRBR Layout, Kalyan Nagar, Bengaluru, Karnataka 560043
- Website: https://m2pfintech.com/
- Phone Number: 090155 00500
5. MoneyGear Fintech
Establishment Year: 2018
Catering to a financial planning and personal finance management firm, MoneyGear is one of the best fintech companies in Bangalore and an Indian start-up firm established in 2018. The company provides wealth management, spend tracking and budgeting, and investment advisory services that are all available on the digital app. MoneyGear is positioned as an instrument that helps to make the right financial choices due to the abundance of information for every individual and every family.
Its platform also offers solutions where the intention is to provide the user with an individualistic way of making plans for his/her money. The company caters to a gradually expanding market of users while seeking to close the gap between technology and money matters.
Services Provided:
- Loans
- Mortgages
- Financing
Contact Details:
- Address: 171, Jumma Masjid Road, Sulthangunta, Shivaji Nagar, Bengaluru, Karnataka 560051
- Website: https://www.moneygear.in/
- Phone Number: 074830 14142
6. MoneyTap
Establishment Year: 2015
Founded in 2015, MoneyTap is a fintech company in Bangalore that offers instant credit solutions using its mobile application. People can access instant cash credit lines on personal lines of credit which are available in EMI.
MoneyTap claims transparency and simplicity, hence it provides loans between ₹3000 and ₹500000 without much drill. It uses sophisticated tools to deliver a unique credit service since users can get cash in a few minutes and spend it on any needs, such as personal and emergency expenses or for purchasing goods. MoneyTap has a strategic partnership with prominent banks and NBFCs.
Services Provided:
- Personal Loans
- Credit Line
- Instant Credit
- Flexible EMIs
- App-Based Access
Contact Details:
- Address: Varthur Kodi, Palm Meadows, Whitefield, Bengaluru, Karnataka 560066
- Website: https://moneytap.com/
- Phone Number: Unavailable
7. Multipl Fintech Solutions Pvt LTD
Establishment Year: 2015
Multipl Fintech, the fintech company in Bangalore, was started in the year 2017 and is engaged in offering financial solutions on the digital platform. The company aims to assist users in developing the right strategy, saving, investing, and managing their wealth goals. Multiple contains an application that gives recommendations for a portfolio depending on user preferences.
Bearing a focus on the demutualization of relatively complicated financial instruments, it caters to the needs of individual and corporate investors, successfully helping them to organize their financial performance. It has a mission of putting financial services into a simpler, easily understandable system using the available technologies.
Services Provided:
- Goal-based Saving Plans
- Collaborative Financial Planning
- Savings and investment platform
Contact Details:
- Address: 320/D, 40th Cross Road, 5th Block, Jayanagar, Bengaluru, Karnataka 560041
- Website: https://multipl.in/
- Phone Number: Unavailable
8. OnFinance
Establishment Year: 2015
OnFinance is a March 2022 financier startup in Bangalore, India which offers AI solutions to the financial industry. It deals with the streamlining and the automation of financial compliance, regulatory solutions and business processes in banking, finance and other industries for corporate clients.
NeoGPT ComplianceOS is the product that OnFinance implements with the help of generative AI technologies for working with compliance processes and evidence collection, as well as for generating audit reports. It is the company’s goal to break new ground in the field of financial services, to optimize processes, to guarantee compliance with legal regulations, and to offer efficient, on an industrial scale automatable AI solutions for solving difficult problems in financial environments.
Alongside its innovative approaches, OnFinance stands out as a leader in leveraging AI, much like the automation companies in Bangalore that are revolutionizing industries through cutting-edge technologies.
Services Provided:
- NeoGPT ComplianceOS AI Agent
- Versioned Library
- Auto Assignment
- Compliance Forge
- 1-Click Audit MIS
Contact Details:
- Address: Office, BHIVE, Workspace Platinum, OnFinance AI, near PeakXV Office, Indiranagar, Bengaluru, Karnataka 560038
- Website: https://www.onfinance.ai/
- Phone Number: Unavailable
9. OPEN Financial Technologies
Establishment Year: 2017
OPEN Financial Technologies was launched in 2017 in Bangalore and it offers banking and financial services for Small & Medium Enterprises (SMEs). Its services include business banking accounts, expense management, invoicing software, payment processing, accepting payments online, and more.
OPEN intends to ease the complexity of managing and processing the financial aspects of businesses through easy to use end to end digital solutions for accounting, payments, and financial management. OPEN as a concept deals with keys to effectiveness in business processes and solutions that help in effective organizational growth and that affect operationalization through efficiency, transparency, improved financing and business growth.
Services Provided:
- Business Banking
- Expense Management
- Invoicing
- Automated Accounting
- Payment Gateway
Contact Details:
- Address: 3rd Floor, Tower 2, RGA Techpark, Sarjapur – Marathahalli Rd, Carmelaram, Bengaluru, Karnataka 560035
- Website: https://open.money
- Phone Number: 080 4128 0413
10. Primeindus Fintech
Establishment Year: [Year not available]
Primeindus Fintech was started in the year 2019 and is located in Bangalore. The firm was established as a financial solutions technology specialist. The company uses products like digital payments, banking automation, and business solutions to help businesses as well as individuals.
Primeindus guides financial organizations and corporations in improving operational efficiency and customer satisfaction metrics concerning the integration of such technologies as APIs and AI. The company offers implementation of payment solutions, account facilities, and transaction facilities. As a solutions provider in Primeindus, which is one of the best fintech companies in Bangalore, its primary focus is to transform finance through digital solutions, changing the way financial services are being delivered in the market.
Services Provided:
- Payment Gateway Solutions
- UPI Services
- Payout Services
- Gift Card Solutions
- Partnerships
- Collaborating with financial institutions
Contact Details:
- Address: 2nd floor, 702, 11th Main Rd, Vishya Bank Colony, 5th Block, Jayanagar, Bengaluru, Karnataka 560041
- Website: https://indusspay.com/
- Phone Number: Unavailable
11. Profinch Solutions Pvt Ltd
Establishment Year: 2014
Profinch Solutions was established in 2017, operates from Bangalore, India and is a Financial Technology Company, which offers digital transformation solutions to the financial services sector. This company provides banking automation, and compliance solutions in addition to data management solutions.
It is a one-stop solution that helps financial institutions optimize their financial processes and improve the interaction with the customer through advanced technology. This can be attributed to the utilization of advanced technology together with financial services to address cumbersome solutions. Their solutions are applied by top-rated banks and financial companies to facilitate developments and optimize the provision of financial services.
Services Provided:
- Digital Banking Solutions
- Core Banking Implementation
- Regulatory Reporting
- Data Analytics for BFSI
- Banking Software Customization
Contact Details:
- Address: GF, Wings of Eagles, SS Commercial Estate, 86, Varthur Rd, Nagavarapalya, C V Raman Nagar, Bengaluru, Karnataka 560093
- Website: https://www.profinch.com
- Phone Number: 080 4256 4256
12. Sensibull
Establishment Year: 2017
Launched in 2017, Sensibull is a Bangalore-based start-up providing an end-to-end solution to enable effective options trading for the retail investor. It provides the only system that makes options trading easier to understand by giving the facts, methods and techniques suitable for the green horny traders as well as the professional ones.
Sensibull gives analytics, options, trading strategies and risk management capabilities so users can make more intelligent decisions. The platform also provides relevant informative tools to help traders expand their perception of options. With its user interfaces combined with state-of-the-art trading platforms, Sensibull wants to provide access to financial markets to the public to optimize their returns.
Services Provided:
- Options Trading Platform
- Educational Resources for Traders
- Investment Advisory
- Portfolio Management Tools
Contact Details:
- Address: GF, Wings of Eagles, SS Commercial Estate, 86, Varthur Rd, Nagavarapalya, C V Raman Nagar, Bengaluru, Karnataka 560093
- Website: https://sensibull.com
- Phone Number: Unavailable
13. Juspay Technologies Private Limited
Established: 2012
Juspay Technologies is a professional fintech firm that was established in the same year, 2012 by John Vimal Kumar. It tends to create products for improving the digital payment experience by providing payment integration portals, digital wallet solutions, and in-app purchases. The main services of Juspay are an advanced platform for processing high-load payment processing, as well as tools for sellers and payment intermediaries.
At present, it is heavily implemented by e-commerce platforms, fintech firms, and other related service delivery businesses. Juspay also aims to develop better security and convenience of digital transactions with next-generation solutions like Smart Collect and Juspay Payments.
Services Provided:
- Mutual Funds
- Fixed Deposits (FDs)
- National Pension Scheme (NPS)
- Life Insurance
- Medical Insurance
- General Insurance
- Home Loans
- Business Loans
Contact Details:
- Address: Stallion Business Center, 444, 18th Main Rd, 6th Block, Koramangala, Bengaluru, Karnataka 560095
- Website: https://juspay.io/in
- Phone Number: 080 4095 9660
14. Zerodha
Established: 2010
Zerodha which was formed in 2010 is an Indian stock broking firm that operates from Bangalore and has been started by Nithin Kamath and Nikhil Kamath. The company has been able to transform the retail investing model by providing affordable technology-driven products for stocks, commodities as well as foreign exchange.
Zerodha has a simple trading application known as Kite and also offers higher-end charting tools and statistical and research facilities. It also provides Varsity, an online learning tool to teach investors. Trust is another factor that has worked in favor of Zerodha and it has been providing free software and comparatively lower brokerage charges to everyone. Consequently, as of 2024, the company has had over 1,200 employees.
Services Provided:
- Stock Broking
- Mutual Fund Investment Platform
- Options and Futures Trading
- Equity and Commodity Trading
- Educational Resources (Varsity)
Contact Details:
- Address:153 154, 4th Cross Road, opp. Clarence Public School, JP Nagar 4th Phase, Dollars Colony, Phase 4, J. P. Nagar, Bengaluru, Karnataka 560078
- Website: https://zerodha.com
- Phone Number: 080 4718 1888
15. PayPal
Established: 1998 (entered India in 2008)
PayPal – Online payment system, was founded in 1998 by Max Levchin, Peter Thiel and Luke Nosek is one of the leading organizations in the world. PayPal is an American company which is located in San Jose, California and operates an online service for safe payments and money transfers. The services provided by the company are e-commerce payment solutions, money remittance, digital wallet products and financial risk management.
Today PayPal is available to small businesses in more than 200 markets to support international money transfers in local currencies. It has also introduced extended services on mobile payment solutions such as Venmo & PayPal Here. By acquisition, PayPal has offered more value to its clients through the acquisition of Braintree and Honey.
Services Provided:
- Online Payments Gateway
- Digital Wallet Services
- Payment Solutions for E-commerce
- International Money Transfers
- Subscription Management
Contact Details:
- Address: Building-1, WP24+Q64 RGA Techpark 1, Sarjapur – Marathahalli Road, Carmelaram, Hadosiddapura, Chikkakannalli, Bengaluru, Varthur, Karnataka 560035
- Website: https://www.paypal.com
- Phone Number: Unavailable
Regulatory Challenges in the Fintech companies in Bangalore
1. Lack of Standardization
It was established that the fintech market faces outstanding regulatory challenges as the industry is non-homogeneous and has significantly different rules in different regions and countries. This absence of harmonisation produces challenges for fintech organisations working across boundaries.
2. Data privacy and protection
Being financial firms or service providers, many of them deal directly with customers’ financial information, thus relating to privacy issues. The European General Data Protection Regulation, and the California Consumer Privacy Act, among others, impose some compliance demands on fintechs adding a new facet to business operations.
3. KYC/AML Compliance
KYC and AML regulations are important for fintech business. Adhering to these rules relies on strict customer identification, risk evaluation and transaction tracking, all of which might prove expensive and time-consuming.
4. Licenses and Permits
Securing the permits needed for one to effectively provide financial goods and services often takes considerable time. The approval rules are different from country to country and they act as an entry barrier to fintech companies in Bangalore and as well complicate cross-border ventures.
5. Consumer Protection
As more and more fintech brands rush to provide investment, lending and insurance services the need to protect the consumer cannot be overemphasized. To this end, regulatory bodies require putting in place measures that will address the conflict whereby errant organizations are in a position to innovate while consumers are left to suffer negligence.
Conclusion
Hence, Bangalore is undoubtedly recognized as a fintech capital in India that already supports and encourages activity in the field of financial technology. It has many fintech companies in Bangalore, with residents who are tech start-ups developing the newest technologies in payment, credit, investments, and insurance. These companies use various sophisticated technologies such as artificial intelligence, blockchain, big data, and many others to solve challenges related to financial inclusion, improve customers’ experience, and optimize financial processes.
Thus, people around the globe invest in Bangalore, bring talent to the city, and collaborate with its businesses. These companies are not only disrupting the existing delivery models of financial services but are also ensuring that the objective of a better connected, efficient and customer-friendly financial system will be realized faster with their arrival. This is a subject of optimism for the future, which indicates that Bangalore continues to be an innovation hub for fintech and continues to spearhead financial services digitalization.
FAQs
1. What are the major services delivered by the fintech firms in Bangalore?
The fintech companies in Bangalore offer solutions such as digital wallets, credit, investing, insurance, banking, financial planning and blockchain.
2. Why are there so many fintech companies based in Bangalore?
The city of Bangalore has a strong existing startup ecosystem in the technology industry, access to local talent, and a business-friendly environment and is currently experiencing high demand for fintech services.
3. In what ways does fintech in Bangalore support the goal of financial inclusion?
These companies apply technology to deliver simple and affordable access to financial services including mobile money, micro-credit, and micro-insurance and therefore increase access to financial products for the low-income population.
4. How do they apply the role of technology to their fintech companies in Bangalore?
AI, big data, and blockchain take different and essential roles as tools for the development of better financial products and services with more access to better user experiences as well as safety and compliance for fintech businesses in Bangalore.
5. Are fintech in Bangalore governed?
Many of these fintech companies located in Bangalore are legal, especially under the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI).
