Fintech startup companies

Fintech startup companies in India.

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Fintech refers to technological innovations that are coming in to disrupt outdated technologies in financial services. this contains the whole range of services from finance includes mobile payments, money transfers, bank loans, and other products like mutual funds and insurance, etc. one of the best examples of fintech is mobile banking. Ftech will make banking very easy and uncomplicate by mobile banking and internet banking. we will get all the banking services online. remember, there was a time, we will go to our bank branch for each and every service. now banks provide all services online. and mobile payments make things further easy. Fintech startup companies in India playing an important role in the revolutionary change in financial technology.

Also read : What is Fintech?

Top 10 Fintech startup companies

India is one of the leading Fintech startup hubs in the world. the ‘digital India’ and ‘Make in India’ campaigns fueled the entire Indian startup sector. the technological revolution also playing a major role in the startup boom in India. startups in the finance sector have increased immensely and not just in numbers, the quality innovations in the fintech made a tremendous change in the banking and finance sector. The following are Some of the most brilliant and effective business ideas adopted by Fintech startup companies in India.

  • Introduction of digital wallets.
  • Digital Banking.
  • Peer-to-Peer lending system.
  • Digital insurance.
  • Virtual credit/debit cards.
  • Digital cash.

Following are the Top 10 Fintech startup companies in India

  • Paytm
  • PhonePe
  • MobiKwik
  • PayU
  • Policy Bazaar
  • LendingKart
  • Freecharge
  • Billdesk
  • Mswipe
  • ezetap


Paytm is one of the leading & most widely use fintech companies in India. it has gained much traction during the demonetization period in 2016. this period increased its user-base from 125 million to 185 million. The company was formed in 2010 by Vijay Shekhar Sharma. Paytm is India’s leading digital wallet company holding a substantial finance market in India. Paytm is looking to double its transaction volume to 12 billion by the end of FY’20. the company is constantly developing and expanding its business in banking and stockbroking too. Paytm recently launched its app store to compete with google play store. The following are the major services provided by the Paytm.

  • Online Banking and UPI/QR Code fund transfer/payment.
  • Digital Wallet.
  • Shopping.
  • Stockbroking.
  • Mobile,tv,electricity etc Recharges.
  • Bus, Flight, Rail, etc Ticket booking.


PhonePe is another leading fintech startups in India. The company was founded by Sameer Nigam, Rahul Chari, and Burzin Engineer in December 2015. The PhonePe app is available in over 11 Indian languages and it is one of India’s favorite payment apps. The following are the major services provided by the phonePe.

  • Digital wallet.
  • UPI transactions.
  • Scan and pay.
  • Bill payments.
  • Online shopping.


Mobikwik was founded by a husband and wife Entrepreneur team, Bipin Preet Singh, and Upasana Taku in 2009. it launched an e-wallet system in 2012. It mainly focused on e-wallet and quick payment services. The company has registered a 90% growth in monthly active users in FY 2019, where it was also ranked as the second-largest platform for merchant payments. The following are the major services provided by the Mobikwik.

  • Digital wallet.
  • Mobile payments.
  • Shopping.
  • Recharges.
  • Bookings and online payments.


PayU is a Netherlands based financial technology company that extended its digital payment services into the Indian marketplace in 2011. The company was formed in 2002 by Jose Velez, Martin Schrimpff, Arjan Bakker, Grzegorz Brochocki, Nitin Gupta, Shailaz Nag. The company is having its services over 17 countries worldwide. PayU recorded a 92% jump in its revenues in the past couple of years. PayU is running its operations across Europe, Latin America, Africa, and India. The following are the major services provided by the PayU.

  • PCI-DSS certified payment gateway.
  • Anti-fraud system.
  • online Visa/MasterCard acquiring.

Policy Bazaar

Policy Bazaar is Indian insurance and a global fintech company based in Gurugram. The company was founded in 2008 by Yashish Dahiya and Alok Bansal and Avaneesh nirjar. Policy Bazar provides a digital platform where users can compare the financial services from major Insurance companies in the country. The introduction of Policy Bazaar made an immense change in used view towards insurance and people started to do research before purchasing any insurance policy. policy Bazar web and mobile platforms are available.


Lendingkart is a fintech startup in the working capital Area. The Company is developing the technology tools based on the big data analysis and it facilitates lenders to evaluate borrower’s creditworthiness also provides other related services. Lendingkart will not focus on the vendor’s old records like Past Financial Statements & Income Tax returns like banks and other NBFCs, to evaluate the credit risk profile of a potential client. The objective of the company is to make capital funds available at the fingertips for business and entrepreneurs. so that they can focus on business instead of worrying about their cash flow.


Freecharge is an Indian Fintech company founded by Kunal Shah and Sandeep Tandon in 2010 August.  Its services are available across a range of financial instruments including savings, payments, insurance, investment, and lending. The company’s focus is to create a cluster of innovative products and features that will enable cashless transactions. recharges, bill payments are some important and essential services provided by the company. AXIS BANK bought Freecharge for $60 million On 27 July 2017. Freecharge launched Digital Credit Cards On 27 August 2019. This will empower the digital natives with easy access to credit, which comes with an instant and Flawless experience, while also being flexible and secure.


BillDesk is an online payment gateway company based in Mumbai. The company was found in 2020 by M.N. Srinivasu
Ajay Kaushal and Karthik Ganapathy. we are directed to an online payment gateway whenever we make an online transaction. BillDesk is one of the most used Indian online payment gateway firms that has been serving the digital payment interface in India for over two decades.


Mswipe is one of the leading fintech companies in India that will provide retailers and businesses with their latest smart POS terminal that accepts all payments – card, chip, magstripe, NFC, and Scan-to-pay QR. It will assist the users in making faster transactions and also has an added advantage of a 15hours battery life with just one single charge. 


Ezetap, providing smart technological transaction solutions to businesses, and financial institutions. it is founded by Abhijit Bose and Bhaktha Keshvachar, Its Universal Payments platform has been built to offer the unique ability to let businesses accept any mode of payment, anywhere, with any device, through any banking partner of the customer’s choice.

Final Thoughts

Fintech is making our financial activities very easy and effortless. mobile payments, online fund transfers, digital wallets, etc are a few examples that changed our life. Fintech startup companies will make more such revolutionary changes in our financial ecosystem.and these companies are playing an unavoidable role in our countries growth. in this post, we discussed the top 10 financial technology companies in India. i hope this post will give a basic idea about our country’s leading fintech companies.

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