Top 14 Fintech Startups in India (2025 Collection)

Did you know that by 2025, fintech will add $950 billion to India's GDP and generate 21 million fresh jobs? (Australian Government Department of Foreign Affairs and Trade)

This astonishing fact results from the increased mobile phone and internet penetration and a growing middle-class population unwilling to queue in the banking hall.

India is one of the best countries to start a business with the Indian government, creating a favorable environment for FinTech companies to thrive.

This article examines India’s 15 leading Fintech startups that are making waves and enabling users to carry out transactions without sweat.

Let's get started.

1. Arthan Finance

Best Overall Fintech Startup in India

Key Facts

Founders: Pravash Ranjan Dash
CEO: Pravash Ranjan Dash
Headquarters: Mumbai, Maharashtra, India
Funding Raised: $4.24 billion
Number of Employees: 271

Arthan Finance, or ARTH, is a decentralized finance (DeFi) project that aims to revolutionize the digital lending and borrowing ecosystem.

This private fintech industry offers top-notch services, which make it stand out among other lending institutions, like providing business loans to help small businesses grow.

The central idea behind this company is to make the basic loan approval process seamless through a bouquet of innovative financial products, modern technology, and data science.

Arthan Fianance’s ecosystem includes a range of features like decentralized lending, borrowing, and yield farming, all powered by its native token, ARTH.

2. BankSathi

Best Fintech Startup for Cutting-edge Digital Advisory

Key Facts

Founders: Jitendra Dhaka
CEO: Jitendra Dhaka
Headquarters: Bengaluru/Bangalore, Karnataka, India
Funding Raised: $7.55 million
Number of Employees: 172

BankSathi is a cutting-edge digital advisory platform allowing financial advisers to establish a digital presence and sell financial products online.

Being a Bengaluru-based fintech startup that started in 2020, the company has achieved great feats, especially in customer relations.

You cannot discuss this unique fintech company without mentioning its profitable referral program. This unique feature allows users to refer the BankSathi app to their close friends and family to strengthen their financial security and get a 10% commission on each transaction.

The sole focus of this personal finance management company is to provide the right financial products and services to consumers through digital banking.

3. Bimaplan

Best Fintech Startup for Health Insurance Services

Key Facts

Founders: Vikul Goyal
CEO: Vikul Goyal
Headquarters: Bangalore, Karnataka
Funding Raised: $6.5 million
Number of Employees: 35

Bimaplan is an insurance platform that offers life and health insurance services for the lower-to-middle-income segment in India.

The company has a clear vision of providing financial security to 150 million vulnerable households through contextual life and health insurance products.

After its launch in February 2021, this outstanding insurance company successfully sold 1,000 policies in March 2021.

Bimaplan claims to use technology to simplify and digitize the insurance process by providing customized coverage outreach to uninsured populations of the Indian market.

4. Biz2X

Best Fintech Startup for Digital Lending

Key Facts

Founders: Rohit Arora
CEO: Rohit Arora
Headquarters: Noida, Uttar Pradesh, India.
Funding Raised: $387M
Number of Employees: 113

Biz2X offers a digital lending platform with ultramodern technology that helps enhance loan management, servicing, risk analytics, and a configurable customer financial journey.

Users such as banks and financial institutions chose Biz2X because of its top-notch, best-in-class technology, which makes the translation process seamless and worthwhile.

Biz2X is a multiple award-winning platform suitable for business lending at banks and financial institutions worldwide.

5. Paytm

Best Fintech Startup for Digital Payments

Key Facts

Founders: Vijay Shekhar Sharma
CEO: Vijay Shekhar Sharma
Headquarters: Noida, Uttar Pradesh, India
Funding Raised: $3.54 billion
Number of Employees: 10,001+

Paytm is a digital payments and financial services platform that's making waves and ranks among the top fintech companies in India.

After its inception, the company has accomplished incredible feats and experienced rapid growth in the fintech industry. I love how the company's comprehensive platform enables it to carry out digital wallets, bill payments, online shopping, and other financial services.

This outstanding financial institution has established itself as a leader in the Indian market, with 350 million registered users and over 1.2 billion monthly transactions processed.

You cannot separate Paytm from revolutionary services such as Soundbox, Android-based payment terminals, online payment gateway, ticketing services, retail brokerage products, and online games.

6. PolicyBazaar

Best Fintech Startup for Insurance Aggregation

Key Facts

Founders: Yashish Dahiya, Alok Bansal, Avaneesh Nirjar
CEO: Yashish Dahiya
Headquarters: Gurgaon, Haryana, India
Funding Raised: $674 million
Number of Employees: 14,000+

PolicyBazaar is an online insurance aggregator and India's leading digital insurance marketplace.

This investment platform offers investment plans, term life insurance, child savings plans, pension for life, retirement plans, guaranteed return plans, and health insurance.

With over 100 million registered users and helping customers purchase policies worth over $1 billion, PolicyBazaar ranks among the leading fintech companies.

PolicyBazaar offers the best insurance plans from the top insurers in the country and has sold over 19 million policies.

7. PhonePe

Best Fintech Startup for Net Banking

Key Facts

Founders: Sameer Nigam, Rahul Chari, and Rahul Chari.
CEO: Sameer Nigam
Headquarters: Maharashtra, India
Funding Raised: $1.01 billion
Number of Employees: 5,400

PhonePe is an Indian multinational digital payments and financial services company with a user-friendly interface and fast transaction processing times. This fintech company makes wealth management services easily accessible.

The company's web and mobile apps enable businesses and individuals to collect payments online, receive investment advice, disburse payments, net banking, accept payments, send money, and pay bills.

PhonePe's online platform has over 280 million registered users and processes over 1 billion viable monthly transactions.

The cherry on the cake for me is the vast number of awards the company has received, such as Excellence in Insurtech, Excellence in Wealth Tech, Telecom & Technology, India Retail, and e-Retail.

Apart from primarily being a mobile payment platform, PhonePe offers insurance buying, mobile recharges, bill payments, bank transfers, business solutions, and investments.

8. Zerodha

Best Fintech Startup for Equity trading and Derivatives trading

Key Facts

Founders: Nithin Kamath, Nikhil Kamath
CEO: Nithin Kamath
Headquarters: India, Bangalore
Funding Raised: $728 million
Number of Employees: 2,425

Zerodha is an online platform that offers users seamless opportunities to invest in stocks, mutual funds, and derivatives.

There is no doubt that this company is India's biggest stock broker, offering the lowest, cheapest brokerage rates for futures and options, commodity trading, equity, and mutual funds.

This stock brokerage platform has become a safe space for deserving individuals willing to invest their funds and assets for more significant profit. Users can gain insight into their investments with great visualization via the Zerodha console features.

9. Niyo Global

Best Fintech Startup for Travel and Finance Management

Key Facts

Founders: Vinay Bagri
CEO: Vinay Bagri
Headquarters: Varthur Main Road, Bengaluru.
Funding Raised: $179 million
Number of Employees: 542

Niyo Global is one of the top fintech companies with leading innovations in travel and finance, founded in 2015.

With over 6 million users already on board, this business startup aims to make travel and managing finance smooth and hassle-free.

This digital banking platform offers various financial services, such as savings accounts, credit cards, and forex cards, enabling users to make seamless transactions.

The Niyo Global virtual card is helpful for online purchases from international merchants in India. I love how the availability of versatile cards helps users make seamless transactions with VISA-accepting merchants in India and abroad cost-efficiently.

This online platform has a user-friendly interface and customer support and has partnered with over 10 banks to provide its services.

10. Axio

Best Fintech Startup for Personal Finance Management

Key Facts

Founders: Gaurav Hinduja and Sashank Rishyasringa.
CEO: Gaurav Hinduja
Headquarters: Bangalore, Karnataka, India
Funding Raised: $212 million
Number of Employees: 515

Axio is a non-banking finance company (NBFC) registered with India's Reserve Bank. This digital lending finance company offers personal loans, credit lines, and personal finance management under one seamless brand experience.

For small online businesses seeking consistent cash flow, the company gives out business loans if they provide supporting documentation during the loan approval process.

Axio has disbursed working capital loans worth over 15,000 crores to over 7 million borrowers, irrespective of their credit history.

Payment is quicker with the mobile app, which tracks your bank account expenses. The best place to get solutions that fit your needs is from this digital platform, which has raised funds for many companies.

11. Cred

Best Fintech Startup for Mobile Payments

Key Facts

Founders: Kunal Shah
CEO: Kunal Shah
Headquarters: Bangalore, Karnataka, India
Funding Raised: $1.07 billion
Number of Employees: 800

CRED is an Indian fintech company with a members-only credit card platform that rewards members with CRED coins on all mobile payments made via the app.

As one of the top startups in India, CRED partners with the best premier and luxury brands to bring you an unmatched experience at the end of every credit card bill payment cycle.

The use of personalized financial planning tools helps to guide customers as they embark on a financial journey. In 2021, Cred's advertising content and videos caused a stir on social media due to its peculiarity.

CRED supports credit card bill payments for American Express, Standard Chartered, Citibank, HSBC, HDFC, ICICI, SBI, AXIS, RBL, PNB, and other top Indian banks.

With over 6 million registered users, this platform has partnered with over 80 credit card issuers.

12. Saama Capital

Best Fintech Startup for Financial Investments

Key Facts

Founders: Ash Lilani
CEO: Ash Lilani
Headquarters: Bangalore, India.
Funding Raised: $240 million
Number of Employees: 25

Saama Capital is an investment firm founded in 2012 with 20 years of experience across diverse sectors. This company specializes in investing in startups that lend money to people to help them accomplish amazing things.

Customers can use this online platform to pay their bills, school fees, and mobile recharges and make mobile payments convenient via an app-based credit line.

This investment firm strives for excellence, and one of its goals is to secure the best possible returns for clients.

13. Mayfield Fund

Best Fintech Startup for Venture Capital Investments

Key Facts

Founders: Navin Chaddha
CEO: Navin Chaddha
Headquarters: Menlo Park, California, United States.
Funding Raised: $955 million
Number of Employees: 15+

Mayfield Fund is a capital firm investingin enterprise and consumer businesses. The investment team of Mayfield India has extensive first-hand experience with companies and markets in India.

This fintech startup invests in businesses focusing on app-based credit lines and education loans.

Mayfield Fund specializes in investments in consumer and enterprise companies from the early to the growth stages.

14. Sequoia Capital

Best Fintech Startup for Seed Stage, Early Stage, and Growth Stage Investment

Key Facts

Founder: Donald Thomas Valentine
CEO: Roelof Botha
Headquarters: Menlo Park, California
Funding Raised: $35.1 billion
Number of Employees: 1,074

Sequoia Capital is an American venture capital firm founded in 1972 that majors in investing in the seed stage, early stage, and growth stage of private companies. The seed stage is a high-risk investment, with a potential for a lofty return but an elevated risk of losing money.

Intriguingly, Sequoia Capital has a separate fund for investing in seed-stage companies called Sequoia Capital Fund. The fund provides seed-stage companies with capital to help them kick off.

Sequoia offers companies in this early stage financial assistance and access to a network of advisors and industry experts. These experts guide them in planning and making effective marketing strategies for the company's success.

Growth stage companies are successful; however, they desire to take their companies to the next level of success.

Sequoia Capital invests financially in these companies to help them achieve their goal of the next level. Not just financially but also in offering these companies support and guidance.

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