Discover the top 10 fintech companies in India across different sectors in 2025. Explore how they are transforming payments, lending, wealth management, and more

Top Finance Companies in India

India has become the third-largest fintech market in the world with 26 unicorns and 87 soonicorns. With over 350 million online transacting users doing around 600 billion transactions, India has quickly established itself as a leading market for fintech fueled by regulatory support, digital adoption and innovation.

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Such rapid growth can be attributed to the fast adoption of UPI to make digital payments, low costs of data and increased adoption by rural and suburban areas.

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For fintech in India, the sky is the limit, with growth projections expecting a revenue of 200 billion USD by 2030 with over 150 unicorns in the ecosystem.

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While the market is booming, it is not without its challenges to overcome to continue the uptrend.

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Challenges:

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1. High Regulatory Oversight: Due to the rise in scams and frauds in the digital ecosystem, the RBI has tightened its regulatory framework, posing an entry barrier for many new players and a scaling challenge for key players.

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2. Increased Competition: With relatively fewer barriers to the industry compared to others, many players have found themselves competing in the fintech sector, making the market cutthroat.

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3. Funding slowdown: Since, 2021, FIIs have pulled out of the Indian market with record numbers, causing a funding slowdown.

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Fintech in India can be divided into the following sectors:

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Payments
Lending
WealthTech
InsurTech
NeoBanking
Fintech Infrastructure (BFSI SaaS)

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Here’s a sector-wise breakdown of the top 10 finance companies in India.

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1. Top 10 Payments FinanceCompanies in India

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Company	Founded	Founders	Valuation	Business Model
PhonePe	2015	Sameer Nigam, Rahul Chari	$12B	UPI, merchant payments, bill payments, lending
Paytm	2010	Vijay Shekhar Sharma	$5B+	Payments, wallet, BNPL, financial services
Razorpay	2014	Harshil Mathur, Shashank Kumar	$7.5B	Payment gateway, neobanking, lending
Pine Labs	1998	Lokvir Kapoor	$5B	POS payments, BNPL, merchant solutions
MobiKwik	2009	Bipin Preet Singh, Upasana Taku	$750M	Wallet, UPI, credit solutions
BharatPe	2018	Shashvat Nakrani, Ashneer Grover	$2.85B	Merchant payments, BNPL, credit
Open	2017	Anish Achuthan, Mabel Chacko	$1B	SME neobanking, expense management
Niyo	2015	Vinay Bagri, Virender Bisht	$500M	Digital banking, forex, payroll solutions
Zaggle	2011	Avinash Godkhindi	$700M	Corporate expense management, cards
Instamojo	2012	Sampad Swain, Akash Gehani	$250M	Payment gateway, e-commerce solutions

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2. Top 10 Digital Lending Finance Companies in India

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Company	Founded	Founders	Valuation	Business Model
Cred	2018	Kunal Shah	$6.4B	Credit card payments, BNPL, lending
BharatPe	2018	Shashvat Nakrani, Ashneer Grover	$2.85B	Merchant lending, BNPL, payments
Lendingkart	2014	Harshvardhan Lunia, Mukul Sachan	$1.2B	SME loans, working capital finance
ZestMoney	2015	Lizzie Chapman, Priya Sharma	$470M	BNPL, consumer credit
EarlySalary	2015	Akshay Mehrotra, Ashish Goyal	$300M	Salary advance loans, credit cards
Rupeek	2015	Sumit Maniyar	$635M	Gold loans, secured lending
CASHe	2016	Ketan Patel	$250M	Instant personal loans, BNPL
KreditBee	2018	Madhusudan E, Ranvir Singh	$680M	Short-term loans, credit line
MoneyTap	2015	Bala Parthasarathy	$700M	Personal credit line, BNPL
Faircent	2013	Rajat Gandhi	$100M	P2P lending marketplace

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3. Top 10 WealthTech Fintech Companies in India

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Company	Founded	Founders	Valuation	Business Model
Zerodha	2010	Nithin & Nikhil Kamath	$2B	Stock brokerage, mutual funds, trading
Groww	2016	Lalit Keshre, Harsh Jain	$3B	Mutual funds, stocks, gold, FDs
Upstox	2009	Ravi Kumar, Shrini Viswanath	$3.5B	Stock trading, derivatives, IPOs
INDmoney	2019	Ashish Kashyap	$600M	Wealth management, stock advisory
Smallcase	2015	Vasanth Kamath	$400M	Thematic stock investing, ETFs
ET Money	2015	Mukesh Kalra	$350M	Personal finance, mutual funds, SIPs
Paytm Money	2017	Vijay Shekhar Sharma	$200M	Investment platform, stock trading
Scripbox	2012	Sanjiv Singhal	$250M	Financial planning, mutual funds
WealthDesk	2016	Ujjwal Jain	$200M	PMS and wealth management solutions
Kuvera	2016	Gaurav Rastogi	$150M	AI-based wealth management

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4. Top 10 InsurTech Fintech Companies in India

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Company	Founded	Founders	Valuation	Business Model
Acko	2016	Varun Dua	$1.1B	Digital-first general insurance
Digit Insurance	2017	Kamesh Goyal	$4B	Online insurance, paperless claims
PolicyBazaar	2008	Yashish Dahiya	$2.5B	Insurance aggregation, advisory
Plum	2019	Abhishek Poddar	$200M	Group health insurance
Turtlemint	2015	Dhirendra Mahyavanshi	$900M	B2B insurance distribution
OneAssure	2020	Apurva Patel	$150M	Embedded insurance for businesses
RenewBuy	2015	Balachander Sekhar	$500M	Digital insurance broker
Toffee Insurance	2017	Rohan Kumar	$100M	Microinsurance products
BimaPe	2020	Rahul Mathur	$50M	Insurance management app
DigitLife	2021	Kamesh Goyal	$400M	Life insurance

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5. Top 10 NeoBanking Fintech Companies in India

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Company	Founded	Founders	Valuation	Business Model
Jupiter	2019	Jitendra Gupta	$710M	Digital banking, investments, credit
Fi Money	2019	Sujith Narayanan	$500M	Savings, spending analytics
Niyo	2015	Vinay Bagri	$500M	Forex, payroll, digital banking
Open	2017	Anish Achuthan	$1B	SME banking, accounting
Freopay	2020	Archit Agarwal	$100M	UPI-linked banking
Hylo	2021	Krishnan Menon	$50M	Student-focused banking
EpiFi	2019	Sujith Narayanan	$350M	AI-driven digital banking
North Loop	2020	Tahem Veer Verma	$80M	NRI-focused digital banking
Walrus	2020	Prateek Mehta	$70M	Teen banking solutions
InstantPay	2013	Shailendra Agarwal	$200M	SME banking, corporate finance

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Top 10 Fintech Companies in Different Sectors in India in 2025

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