India’s fintech sector is experiencing unprecedented growth, driven by digital transformation, increasing smartphone usage, and favorable regulatory initiatives. By providing cutting-edge solutions in fields including digital payments, lending, insurance, investing, and banking services, these businesses are changing the financial environment.
From mobile wallets and UPI-based platforms to AI-powered lending and robo-advisory tools, fintech firms are making financial services more accessible, efficient, and inclusive. As both startups and established players expand their footprints, they are playing a crucial role in enhancing customer experiences and bridging gaps in traditional financial systems. The development of fintech in India is indicative of a rapid transition to a technology-driven, cashless economy.
In this blog, we will take a look at the Top 20 Fintech Companies in India.
What is Fintech?
The term “fintech,” which stands for “financial technology,” describes how technology is used into financial services to improve or automate lending, payment, investment, and banking procedures. It encompasses a wide range of digital innovations, including mobile banking apps, peer-to-peer lending platforms, digital wallets, robo-advisors, and blockchain-based services.
Fintech companies leverage cutting-edge technologies such as artificial intelligence, data analytics tools, and cloud computing to offer faster, more efficient, and user-friendly financial solutions. By reducing dependency on traditional banking infrastructure, fintech has revolutionised access to finance, especially in underserved and remote regions.
It also fosters greater transparency, cost-effectiveness, and customization in financial transactions. As the sector evolves, fintech continues to transform how individuals and businesses manage money, invest, borrow, and insure.
List of Top 20 Best Fintech Companies in India
1. PhonePe
- Headquarter: Bengaluru, Karnataka
- Contact: 080-68727374
- Website: www.phonepe.com
- Founded: 2015
PhonePe is one of India’s leading digital payment platforms offering UPI-based transactions, mobile recharges, utility payments, and investment options. As one of the top Indian fintech firms, it has played a significant role in transforming the digital financial landscape.
Launched in 2015 and owned by Flipkart, PhonePe has expanded its services to include insurance, gold, mutual funds, and tax-saving instruments. With an intuitive mobile app and a broad merchant network, it serves over 500 million registered users.
Additionally, PhonePe is encouraging financial inclusion in rural and semi-urban areas. The platform supports multiple regional languages and has become a central tool for digital financial transactions across India.
Average Salary: ₹6.5–₹28 LPA
Services Offered:
- UPI Payment
- Mobile Recharges & Bill Pay
- Merchant Solutions
- Insurance
- Mutual Funds & Gold
- Tax Payments
- Credit & Loans
- Wealth Management
2. Paytm
- Headquarter: Noida, Uttar Pradesh
- Contact: +91-120- 4770770
- Website: www.paytm.com
- Founded: 2010
Paytm is one of the leading fintech companies in India run by One97 Communications that offer a broad range of services, such as mobile wallets, UPI, bill payments, e-commerce, and banking through Paytm Payments Bank.
It was launched in 2010 and has also ventured into financial services, which include insurance, personal lending, and wealth management. It has a powerful merchant ecosystem and allows businesses to accept digital payments via QR code, POS and online gateway.
Paytm has a market lead with its more than 300 million users and good brand recognition in the Indian market, especially among small merchants and individual users.
Average Salary: ₹5.5–₹30 LPA
Services Offered:
- Wallet & UPI
- Bill Payments & Recharges
- Banking (Paytm Payments Bank)
- E‑commerce
- BNPL
- Personal Loans
- Insurance
- Wealth/Investments
3. Razorpay
- Headquarter: Bengaluru, Karnataka
- Website: www.razorpay.com
- Founded: 2014
Razorpay is a financial technology unicorn that provides end-to-end payment solutions comprising payment gateways, subscriptions, payouts, and corporate credit cards.
It was established in 2014 and serves startups, SMEs, and large businesses using smooth APIs and a powerful platform. Apart from payments, Razorpay also offers loan services under the name Razorpay Capital and neo-banking services under the name RazorpayX.
Its products facilitate domestic and cross border transactions in various payment modes. As a developer-first and customer-focused business, Razorpay is reinventing the way Indian companies handle and automate finance processes.
Average Salary: ₹7–₹24 LPA
Services Offered:
- Payment Gateway
- Subscription Billing
- Payroll Cards (RazorpayX)
- Neobanking
- Loans (Capital)
- Payouts/APIs
- Invoicing
- Expense Management
4. MobiKwik
- Headquarter: Gurugram, Haryana
- Contact: 080-69808320
- Website: www.mobikwik.com
- Founded: 2009
In 2009, the consumer credit fintech digital wallet MobiKwik was established. One can use it to pay bills, recharge mobile phones, book services, as well as shop online. MobiKwik has also entered the BNPL (Buy Now, Pay Later) business and provides short-term digital credit to its users, making it a noteworthy option among Afterpay alternatives.
Insurance, mutual funds, and investment products are also supported on the app. MobiKwik focuses on the convenient, easy access to credit, and financial inclusion of the middle-class population in India.
Available on hundreds of merchants and online stores, MobiKwik is a powerhouse of the Indian emerging digital finance environment.
Average Salary: ₹5–₹20 LPA
Services Offered:
- Digital Wallet
- Bill Payment & Recharges
- BNPL
- Short-Term Credit
- Insurance
- Mutual Funds
- Merchant QR Payments
- Instant Loans
5. BharatPe
- Headquarter: New Delhi, Delhi
- Contact: 888 2555 444
- Website: www.bharatpe.com
- Founded: 2018
BharatPe is a fintech platform that empowers offline merchants and kirana store owners with UPI-based QR payments, loans, and BNPL solutions. Founded in 2018, it quickly gained traction by offering interoperable QR codes that work with all major UPI apps.
Additionally, BharatPe offers retailers unsecured working capital loans and point-of-sale devices. The company’s key differentiator lies in digitising small retailers who were traditionally underserved.
Through partnerships with NBFCs and its own NBFC license, BharatPe is driving financial inclusion and digital adoption among India’s small business sector.
Average Salary: ₹6–₹22 LPA
Services Offered:
- Merchant UPI QR
- Unsecured Working Capital
- Business Loans
- BNPL
- POS Terminals
- Loyalty Solutions (e.g., PAYBACK)
- Interoperable Payments
- Merchant Dashboard
6. Cred
- Headquarter: Bangalore, Karnataka
- Website: www.cred.club
- Founded: 2018
Cred is a fintech platform that offers prizes for on-time bill payments and access to high-end products to credit card users in India.
Founded in 2018, Cred uses a credit-score-based membership model and provides services like Cred Cash (personal loans), Cred RentPay, and Cred Travel Store. It has expanded into BNPL and credit lines by partnering with banks and NBFCs. Cred’s user interface is sleek and focuses on an affluent urban demographic.
With its emphasis on financial discipline, lifestyle perks, and gamification, Cred stands out as a premium financial services app in India.
Average Salary: ₹7–₹30 LPA
Services Offered:
- Credit Card Bill Pay Rewards
- Cred Cash (Loans)
- Cred RentPay
- Cred Travel/Shopping Store
- Credit Score Insights
- BNPL
- Investment Offers
- Premium Member Benefits
7. KreditBee
- Headquarter: Bangalore, Karnataka
- Contact: 08044292200
- Website: www.kreditbee.in
- Founded: 2017
KreditBee is a fintech company offering digital lending services, i.e., personal loans to young salaried people and professionals. It was started in 2017 and provides short-term loans, salary advances, and products based on EMI, and the ticket size is between 1,000 to 2 lakhs.
KreditBee is a hybrid company since it collaborates with NBFCs and partner banks. The platform relies on AI-generated credit checks and offers immediate payout into the bank accounts of the users. It also functions alongside popular credit card payment apps to ensure seamless and flexible repayment options for its users.
KreditBee serves the rising middle-income Indians, particularly the ones who do not have a conventional credit history, in bridging the credit gap and achieving financial inclusion.
Average Salary: ₹6–₹18 LPA
Services Offered:
- Personal Loans
- Salary Advances
- Short-Term Credit
- EMI Loans
- Instant Disbursement
- Credit Score Analytics
- Education/Travel Loans
- Digital KYC
8. ZestMoney
- Headquarter: Bangalore, Karnataka
- Website: www.zestmoney.in
- Founded: 2015
ZestMoney is a BNPL and EMI financing platform allowing users to purchase now and pay later without a credit card. It was established in 2015 and is integrated with the leading e-commerce, travel, and education platforms, providing interest-free and low-EMIs. As one of the top Indian fintech firms, ZestMoney plays a pivotal role in reshaping how consumers access credit.
The underwriting model by ZestMoney is based on alternative data, thereby enabling credit scoring and making credit accessible to the underserved customers. It works with NBFCs and financial institutions to provide loan products.
ZestMoney is enabling millions of Indians to access credit easily, thereby empowering them to control their cash flow and purchase affordable products and services using the digital route.
Average Salary: ₹5.5–₹17 LPA
Services Offered:
- BNPL
- EMI Financing
- E‑commerce Integration
- Education Loans
- Travel/Ticket Financing
- Alternate Credit Scoring
- App-Based Installments
- Retail Partnerships
9. Navi Technologies
- Headquarter: Bengaluru, Karnataka
- Contact: +91 80404 98999
- Website: www.navi.com
- Founded: 2018
Navi Technologies is one of the fastest-growing fintech companies established in 2018 by Sachin Bansal, the co-founder of Flipkart. Navi is based in Bengaluru and provides a host of digital financial services, such as personal loans, home loans, health insurance, and mutual fund investments.
The company uses technology to bring finance closer and more convenient to people by offering instant and paperless financial services via their mobile app. Focusing heavily on customer experience and affordability, Navi strives to make the complicated financial products accessible to the digitalising population of India.
Its easy loan disbursal procedure and simple to understand investment plans have made it a reliable brand amongst young and technically alert consumers.
Average Salary: ₹6.5–₹16 LPA
Services Offered:
- Personal Loans
- Home Loans
- Health Insurance
- Mutual Funds
- EMI Card Services
- Digital Lending Platform
- Loan EMI Management
- App-Based Credit Access
10. Lendbox
- Headquarter: New Delhi, Delhi
- Contact: 7291029298
- Website: www.lendbox.in
- Founded: 2015
Lendbox is a peer-to-peer (P2P) lending network that links individual lenders and borrowers, providing borrowers with affordable financing and lenders with larger returns.
Founded in 2015, Lendbox is regulated by the RBI as an NBFC-P2P. It offers various investment options, including fixed-income portfolios and alternative credit products. Borrowers undergo a stringent credit evaluation, and investors get to diversify across risk profiles.
By removing traditional intermediaries and using tech-driven underwriting, Lendbox brings transparency and efficiency to the personal lending market in India.
Average Salary: ₹5–₹12 LPA
Services Offered:
- P2P Lending
- Borrower–Lender Matching
- Fixed-Income Investments
- Peer Credit Scoring
- Portfolio Diversification
- Transparent Fee Structure
- Automated Disbursals
- Investor Analytics
11. Zerodha
- Headquarter: Bengaluru, Karnataka
- Contact: 08047181888
- Website: www.zerodha.com
- Founded: 2010
Zerodha is an Indian retail stock brokerage firm, established in 2010 that has disrupted equity investing in India by offering zero brokerage on delivery trades and low-cost intraday trading.
Zerodha enables millions of users to trade on its flagship trading platform, Kite, mutual funds on Coin, and education on Varsity. It works on a technology first model and has a smooth and easy to use interface.
Recognized among the top Indian fintech companies in Bangalore, Zerodha emphasizes transparency, investor education, and community participation unlike the traditional brokers. Its collaborator programs such as Rainmatter assist fintech startups, which strengthens its dominance in the Indian wealth and investment technology sector.
Average Salary: ₹6–₹14 LPA
Services Offered:
- Equity Trading (Kite)
- Mutual Funds (Coin)
- Insurance Brokerage
- Commodity Trading
- Educational Platform (Varsity)
- APIs (breadth-first)
- KYC & Account Management
- Rainmatter Incubator
12. Groww
- Headquarter: Bengaluru, Karnataka
- Contact: +91 91088000000
- Website: www.groww.in
- Founded: 2017
Groww is an easy-to-use investment platform offering access to mutual funds, stocks, ETFs, and fixed deposits. Launched in 2017, it targets India’s millennials and first-time investors with a clean UI and simple onboarding process.
Groww gained popularity for demystifying investment by providing curated content, calculators, and a commission-free model. To encourage financial awareness, it started Groww Academy and ventured into stock brokerage.
The platform supports SIPs and has steadily built trust among young investors. With over 30 million users, Groww is now considered one of the top Indian fintech firms and among the country’s most popular wealthtech platforms.
Average Salary: ₹6.5–₹16 LPA
Services Offered:
- Mutual Funds
- Stock Broking
- ETFs & Digital Gold
- SIP Management
- Financial Calculators
- Portfolio Tracking
- Learn & Guidance
- Insurance Products
13. ET Money
- Headquarter: Gurgaon, Haryana
- Website: www.etmoney.com
- Founded: 2016
ET Money, a Times Internet initiative, is a comprehensive personal finance app that offers investment in mutual funds, fixed deposits, insurance, and NPS. It also features expense tracking and loan comparison tools.
The platform allows zero-commission mutual fund investment and goal-based planning. With a user-friendly app and strong backing, ET Money simplifies personal finance management for salaried individuals and young professionals.
The app also provides personalised insights, financial advice, and tax-saving options. By combining financial planning with execution, ET Money is empowering users to make informed money decisions.
Average Salary: ₹6–₹14 LPA
Services Offered:
- Mutual Funds (Zero Commission)
- Insurance (Health, Term)
- NPS & Tax Planning
- Expense Tracking
- Loan Comparisons
- FD & Fixed Income
- Personalised Insights
- Goal Planning
14. Policybazaar
- Headquarter: Gurgaon, Haryana
- Contact: 0124-4218302
- Website: www.policybazaar.com
- Founded: 2008
Policybazaar, founded in 2008, is India’s largest insurance aggregator, enabling users to compare and purchase life, health, motor, and travel insurance online.
Operated by PB Fintech, it partners with over 50 insurers and offers tools for premium comparison, claim support, and policy renewals. The platform has digitised the traditionally paper-heavy insurance sector and introduced products tailored to Indian consumers.
With millions of customers and strong post-sales service, Policybazaar is a trusted name in insurtech. It also operates offline service centers to enhance reach and customer support.
Average Salary: ₹5.5–₹12.5 LPA
Services Offered:
- Life Insurance
- Health Insurance
- Motor Insurance
- Travel Insurance
- Insurance Comparison
- Claim Assistance
- Offline Service Centers
- Premium Calculators
15. Paisabazaar
- Headquarter: Gurgaon, Haryana
- Contact: 18002585616
- Website: www.paisabazaar.com
- Founded: 2014
Paisabazaar is a digital lending and credit comparison platform under PB Fintech, helping users compare and apply for personal loans, credit cards, and home loans. Launched in 2014, it partners with over 130 banks and NBFCs to provide tailored financial products.
Its credit score monitoring service and paperless loan processing make it a preferred platform for borrowers. Paisabazaar is known for its transparent approach, EMI calculators, and personalised offers.
The platform serves salaried and self-employed users, simplifying access to credit and financial literacy in India’s growing digital lending ecosystem.
Average Salary: ₹5.5–₹11.5 LPA
Services Offered:
- Personal Loan Comparison
- Home Loans
- Credit Card Marketplace
- Credit Score Access
- EMI & Affordability Tools
- Paperless Application
- Bank/NBFC Partnerships
- Loan Tracking
16. Acko
- Headquarter: Bengaluru, Karnataka
- Contact: 18002662256
- Website: www.acko.com
- Founded: 2016
The first digitally native general insurance provider in India, Acko provides health, travel, and auto insurance. Founded in 2016, it operates a direct-to-consumer model with instant policy issuance, zero paperwork, and competitive pricing.
Acko has partnered with platforms like Amazon and Ola to deliver embedded insurance solutions. The app provides easy claim tracking, policy renewals, and coverage customisation.
By leveraging data analytics and automation, Acko reduces claim settlement time and enhances customer experience. Its innovative distribution model and affordable premiums have made it a standout in India’s insurtech sector.
Average Salary: ₹6.5–₹15 LPA
Services Offered:
- Digital Motor Insurance
- Health Insurance
- Travel Insurance
- Cashback-Based Products
- Embedded Insurance (e.g. Ola, Amazon)
- Instant Claims
- Policy Renewals
- Customisable Cover
17. Instamojo
- Headquarter: Bengaluru, Karnataka
- Website: www.instamojo.com
- Founded: 2012
Instamojo is an all-in-one platform empowering micro and small businesses to go digital with payment links, online stores, and business tools. Launched in 2012, it provides merchants with a fast way to start selling online without needing technical expertise.
The platform supports digital payments, shipping, GST invoicing, and marketing automation. With over 2 million businesses onboarded, Instamojo plays a crucial role in India’s D2C (direct-to-consumer) and solopreneur economy.
It enables entrepreneurs to monetise products and services efficiently while helping digitise India’s long-tail business segment.
Average Salary: ₹5–₹13 LPA
Services Offered:
- Payment Links
- Online Stores
- GST Invoicing
- Shipping Integration
- Business Loans
- Marketing Tools
- Analytics Dashboard
- Developer APIs
18. Pine Labs
- Headquarter: Noida, Uttar Pradesh
- Website: www.pinelabs.com
- Founded: 1998
Pine Labs is a merchant commerce platform offering point-of-sale (POS) machines, prepaid cards, BNPL services, and merchant lending. Established in 1998 and reinvented as a fintech in the 2010s, Pine Labs serves over 150,000 merchants across Asia.
It enables easy acceptance of payments and offers customer financing solutions at checkout. The company integrates loyalty programs and analytics, helping merchants improve conversions and customer retention.
With strategic acquisitions and robust APIs, Pine Labs has become a powerful platform for digital payments, e-commerce platforms, and retail financial solutions across offline and online channels.
Average Salary: ₹6.5–₹18 LPA
Services Offered:
- POS Terminals
- BNPL at POS
- Merchant Lending
- Prepaid Cards
- Loyalty Programs
- Analytics & Reporting
- EMI Options
- API Integrations
19. Open
- Headquarter: Bengaluru, Karnataka
- Website: www.open.money
- Founded: 2017
India’s top neobank, Open, was created especially for startups and SMEs. Founded in 2017, it offers digital banking solutions including business accounts, automated accounting, expense cards, GST compliance, payroll management, and invoice software to streamline billing processes.
By integrating banking with business operations, Open eliminates the need for multiple tools. The platform also facilitates vendor payments and provides real-time cash flow visibility.
It partners with traditional banks while enhancing their capabilities with tech-driven features. Open’s goal is to simplify business finance, and it is trusted by over 3 million SMEs across the country.
Average Salary: ₹6–₹16 LPA
Services Offered:
- SME Business Accounts
- Expense Cards
- GST Filing Tools
- Invoice & Accounting Sync
- Team Payroll
- Vendor Payments
- Multi‑Bank Support
- APIs & Integrations
20. Cashfree Payments
- Headquarter: Bengaluru, Karnataka
- Website: www.cashfree.com
- Founded: 2015
Cashfree Payments is a leading payment and banking solutions company offering API-based services for payouts, bulk disbursals, vendor payments, and refunds. Founded in 2015, it serves e-commerce companies, marketplaces, NBFCs, and financial institutions.
Cashfree’s products include auto-collection (Virtual Accounts), instant refunds, and cross-border payments. The platform is known for high uptime, seamless API integration, and rapid onboarding.
Regulated by the RBI and backed by SBI, Cashfree plays a critical role in India’s digital economy, powering millions of daily transactions across sectors with scalable, secure, and flexible solutions.
Average Salary: ₹6.5–₹14 LPA
Services Offered:
- Payout APIs
- Bulk Disbursements
- Virtual Accounts
- Instant Refunds
- Cross-Border Payments
- Payment Gateway
- Auto-Collect
- Vendor & Wage Payments
Ending Thoughts
Fintech has become a significant force that is changing the financial environment both in India and around the world. By combining innovation with accessibility, it has made financial services more inclusive, efficient, and transparent. From simplifying everyday transactions through digital wallets to enabling access to credit and investments via user-friendly platforms, fintech companies in India have empowered millions of individuals and businesses.
It plays a critical role in driving financial literacy, digital adoption, and economic growth. As technology continues to evolve, fintech will likely introduce even more advanced solutions, fostering a future of seamless and personalised financial experiences. With supportive regulations and increased digital penetration, fintech is poised to remain a key catalyst in transforming the financial ecosystem for years to come. For instance, many of the best credit card payment apps are products of fintech innovation, making bill payments, EMI tracking, and rewards redemption easier than ever before.
FAQs
1. How do Fintech Companies Help in Financial Inclusion?
Fintech firms offer easy-to-use apps and digital platforms that allow people, even in remote areas, to access banking, loans, and insurance services.
2. Are Fintech Services in India Safe to Use?
Yes, most fintech companies use encryption, two-factor authentication, and regulatory compliance to ensure secure transactions and user data protection.
3. What are the main Sectors within Fintech?
Digital payments, lending platforms, neobanking, wealth tech, insurtech, and regtech are all included in India’s fintech landscape.
