1. Razorpay
- Founders: Harshil Mathur, Shashank Kumar
- Founded Year: 2014
- Headquarters: Bengaluru, India
- Products: Payment Gateway, Invoices, Subscriptions, QR Codes
- Services: Payment processing, Global payment solutions, Subscriptions
- Key Features: Seamless online payment options with multiple integrations
- Market Position: Leading payment gateway provider
- Customer Base: 8 million+ businesses
- Case Studies: Zomato increased payment success with Razorpay
- Awards and Recognitions: Forbes India 30 Under 30 (2016), Best Payments Platform
- Funding and Investors: Raised $740 million; Investors include Sequoia Capital, Tiger Global
- Competitors: PayU, Cashfree, Instamojo
2. Paytm
- Founders: Vijay Shekhar Sharma
- Founded Year: 2010
- Headquarters: Noida, India
- Products: Paytm Wallet, Paytm Payments Bank, Mutual Funds
- Services: Digital payments, Mobile recharges, Bill payments
- Key Features: Largest digital wallet in India, UPI integration
- Market Position: India’s most valuable fintech
- Customer Base: 300 million+ active users
- Case Studies: Drove cashless payments across India post-demonetization
- Awards and Recognitions: Forbes Global 2000
- Funding and Investors: $3 billion; Investors include Alibaba, SoftBank
- Competitors: PhonePe, Google Pay
3. PhonePe
- Founders: Sameer Nigam, Rahul Chari
- Founded Year: 2015
- Headquarters: Bengaluru, India
- Products: UPI Payments, Mutual Funds, Insurance
- Services: Mobile payments, Financial services
- Key Features: UPI-first payment app, Fast and secure
- Market Position: Leader in UPI payments in India
- Customer Base: 450 million users
- Case Studies: Extensive adoption in tier-2 and tier-3 cities
- Awards and Recognitions: Best UPI App by NPCI
- Funding and Investors: Raised over $2 billion; Investors include Walmart, Tiger Global
- Competitors: Google Pay, Paytm
4. Pine Labs
- Founders: Rajul Garg
- Founded Year: 1998
- Headquarters: Noida, India
- Products: POS Terminals, PayLater, EMI Options
- Services: Merchant payments, Credit, Lending solutions
- Key Features: Leading POS terminal provider, Buy Now Pay Later options
- Market Position: Dominates offline merchant payments
- Customer Base: 150,000+ merchants
- Case Studies: Growth of BNPL option for retail purchases
- Awards and Recognitions: Red Herring Top 100
- Funding and Investors: Raised $800 million; Investors include Sequoia Capital, Mastercard
- Competitors: Innoviti, MSwipe
5. BharatPe
- Founders: Ashneer Grover, Shashvat Nakrani
- Founded Year: 2018
- Headquarters: New Delhi, India
- Products: UPI QR Codes, POS Machines, Merchant Loans
- Services: Merchant payments, Credit and loans
- Key Features: Unified QR code for merchants, Quick lending options
- Market Position: Rapidly growing in merchant payments
- Customer Base: 8 million merchants
- Case Studies: Digitized small retailers with QR solutions
- Awards and Recognitions: Best FinTech Startup by IAMAI
- Funding and Investors: Raised $750 million; Investors include Sequoia, Coatue
- Competitors: Paytm, PhonePe
6. PolicyBazaar
- Founders: Yashish Dahiya, Alok Bansal
- Founded Year: 2008
- Headquarters: Gurugram, India
- Products: Insurance comparison, Mutual Funds, Loans
- Services: Insurance aggregation, Financial advisory
- Key Features: Largest online insurance platform
- Market Position: Leader in insurance aggregation
- Customer Base: 10 million+ unique users
- Case Studies: Simplified online insurance purchases for millions
- Awards and Recognitions: Economic Times Startup Awards
- Funding and Investors: $1.5 billion raised; Investors include SoftBank, Info Edge
- Competitors: Coverfox, Turtlemint
7. MobiKwik
- Founders: Bipin Preet Singh, Upasana Taku
- Founded Year: 2009
- Headquarters: Gurugram, India
- Products: Digital Wallet, UPI, Buy Now Pay Later
- Services: Mobile payments, Digital financial services
- Key Features: Digital wallet and payment app
- Market Position: One of the leading digital wallets
- Customer Base: 120 million+ users
- Case Studies: Accelerated digital payments adoption post-demonetization
- Awards and Recognitions: Best Digital Payment App
- Funding and Investors: $250 million; Investors include Sequoia, American Express
- Competitors: Paytm, PhonePe
8. ZestMoney
- Founders: Lizzie Chapman, Ashish Anantharaman
- Founded Year: 2015
- Headquarters: Bengaluru, India
- Products: Buy Now Pay Later, Consumer Loans
- Services: EMI financing, Consumer credit
- Key Features: Leader in Buy Now Pay Later (BNPL)
- Market Position: Pioneer in digital credit services
- Customer Base: 10 million+ users
- Case Studies: Boosted online consumer spending with BNPL
- Awards and Recognitions: Best Fintech Innovation by IAMAI
- Funding and Investors: $140 million raised; Investors include Goldman Sachs, Quona Capital
- Competitors: LazyPay, Simpl
9. CRED
- Founders: Kunal Shah
- Founded Year: 2018
- Headquarters: Bengaluru, India
- Products: Credit Card Bill Payments, Loans
- Services: Credit rewards, Loans, Credit score tracking
- Key Features: Credit card bill payment app with rewards
- Market Position: Highly exclusive user base of credit cardholders
- Customer Base: 10 million+ users
- Case Studies: Enhanced credit card bill payments with reward points
- Awards and Recognitions: Best Fintech App
- Funding and Investors: $400 million; Investors include Sequoia, Tiger Global
- Competitors: Slice, Simpl
10. Groww
- Founders: Lalit Keshre, Harsh Jain
- Founded Year: 2017
- Headquarters: Bengaluru, India
- Products: Mutual Funds, Stocks, Fixed Deposits
- Services: Investment platform, Stock trading
- Key Features: Simplified mutual fund and stock investments
- Market Position: Growing investment platform for millennials
- Customer Base: 25 million+ investors
- Case Studies: Boosted investment culture among young Indians
- Awards and Recognitions: Fintech Leader of the Year
- Funding and Investors: $393 million raised; Investors include Tiger Global, Sequoia
- Competitors: Zerodha, Upstox
11. Zerodha
- Founders: Nithin Kamath, Nikhil Kamath
- Founded Year: 2010
- Headquarters: Bengaluru, India
- Products: Kite (trading platform), Coin (mutual funds)
- Services: Stock trading, Mutual funds, Bonds
- Key Features: Discount brokerage with zero-commission trades
- Market Position: Leading stockbroker in India by volume
- Customer Base: 7 million+ active users
- Case Studies: Revolutionized stock trading with zero brokerage
- Awards and Recognitions: Best Discount Broker
- Funding and Investors: Bootstrapped, no external funding
- Competitors: Upstox, Angel Broking
12. BankBazaar
- Founders: Adhil Shetty, Arjun Shetty, Rati Shetty
- Founded Year: 2008
- Headquarters: Chennai, India
- Products: Credit Cards, Loans, Insurance
- Services: Comparison of financial products, Loan facilitation
- Key Features: Simplified comparison and application process for loans and credit cards
- Market Position: Leading online financial marketplace
- Customer Base: Millions of users searching for financial products
- Case Studies: Helped reduce the time taken for loan and credit card approvals
- Awards and Recognitions: Best Financial Website at IAMAI Awards
- Funding and Investors: Raised $110 million; Investors include Sequoia Capital, Amazon
- Competitors: Paisabazaar, PolicyBazaar
13. Freecharge
- Founders: Kunal Shah, Sandeep Tandon
- Founded Year: 2010
- Headquarters: Gurugram, India
- Products: Mobile recharge, Bill payments, Digital Wallet
- Services: Digital payments, Wallet services
- Key Features: Instant mobile recharges and bill payments
- Market Position: Leading mobile recharge platform
- Customer Base: 75 million+ users
- Case Studies: Played a pivotal role in the growth of online mobile recharges
- Awards and Recognitions: Best Innovation in Payments at India Digital Awards
- Funding and Investors: Acquired by Axis Bank for $60 million
- Competitors: MobiKwik, Paytm
14. ET Money
- Founders: Mukesh P Kalra
- Founded Year: 2015
- Headquarters: Gurugram, India
- Products: Mutual Funds, Insurance, Loans
- Services: Financial planning, Investment management
- Key Features: Comprehensive investment and financial management platform
- Market Position: One of India’s leading wealth management apps
- Customer Base: 10 million+ investors
- Case Studies: Simplified financial management for young investors
- Awards and Recognitions: Best WealthTech Startup
- Funding and Investors: Part of the Times Internet ecosystem
- Competitors: Groww, Zerodha, Paytm Money
15. Capital Float
- Founders: Gaurav Hinduja, Sashank Rishyasringa
- Founded Year: 2013
- Headquarters: Bengaluru, India
- Products: Business Loans, BNPL, Personal Loans
- Services: Digital credit and lending
- Key Features: Pioneering in offering loans to SMEs with a flexible repayment model
- Market Position: Leading in digital SME financing
- Customer Base: 2 million+ customers, including SMEs and individual borrowers
- Case Studies: Facilitated growth of SMEs by offering quick and flexible credit
- Awards and Recognitions: Best Fintech Lending Startup
- Funding and Investors: Raised over $220 million; Investors include Amazon, Sequoia, Ribbit Capital
- Competitors: Lendingkart, KredX
16. CredAvenue
- Founders: Gaurav Kumar
- Founded Year: 2020
- Headquarters: Chennai, India
- Products: Debt marketplace, Structured finance, Supply chain finance
- Services: Institutional lending, Debt marketplace
- Key Features: Comprehensive platform connecting borrowers with lenders
- Market Position: Emerging leader in institutional finance
- Customer Base: 2,300+ institutional borrowers
- Case Studies: Enabled access to quick institutional finance for SMEs
- Awards and Recognitions: Best Emerging Fintech Platform
- Funding and Investors: Raised $137 million; Investors include Sequoia, Lightrock India
- Competitors: Aye Finance, Capital Float
17. Instamojo
- Founders: Sampad Swain, Akash Gehani
- Founded Year: 2012
- Headquarters: Bengaluru, India
- Products: Payment links, Digital store, UPI payments
- Services: Payment gateway, Digital storefronts
- Key Features: Offers payment solutions tailored for small businesses and freelancers
- Market Position: Leading in SME-focused payment solutions
- Customer Base: 1 million+ small businesses
- Case Studies: Empowered small businesses with digital payment solutions
- Awards and Recognitions: Red Herring Top 100
- Funding and Investors: Raised $14.6 million; Investors include Gunosy, Blume Ventures
- Competitors: Razorpay, PayU, Cashfree
18. Rebel Foods (Faasos)
- Founders: Jaydeep Barman, Kallol Banerjee
- Founded Year: 2011
- Headquarters: Mumbai, India
- Products: Cloud kitchens, Food delivery
- Services: Multi-brand cloud kitchen operator
- Key Features: Pioneered the cloud kitchen model
- Market Position: World’s largest cloud kitchen operator
- Customer Base: Millions of food delivery customers
- Case Studies: Disrupted the food delivery space with its scalable cloud kitchen model
- Awards and Recognitions: Best Cloud Kitchen Operator
- Funding and Investors: Raised $700 million; Investors include Sequoia Capital, Goldman Sachs
- Competitors: FreshMenu, Box8
19. Simpl
- Founders: Nitya Sharma, Chaitra Chidanand
- Founded Year: 2016
- Headquarters: Bengaluru, India
- Products: Buy Now Pay Later
- Services: Consumer credit, Instant checkout solutions
- Key Features: Seamless “Buy Now Pay Later” for online transactions
- Market Position: Growing leader in BNPL services
- Customer Base: 7 million+ users
- Case Studies: Helped e-commerce platforms boost conversion rates
- Awards and Recognitions: Best Fintech BNPL Provider
- Funding and Investors: Raised $90 million; Investors include Green Visor Capital, IA Ventures
- Competitors: ZestMoney, LazyPay
20. Niyo
- Founders: Vinay Bagri, Virender Bisht
- Founded Year: 2015
- Headquarters: Bengaluru, India
- Products: NiyoX, Niyo Global Card
- Services: Digital banking, Prepaid cards, Forex solutions
- Key Features: Digital savings accounts with no minimum balance
- Market Position: Leader in digital banking for salaried professionals
- Customer Base: 4 million+ customers
- Case Studies: Simplified banking for global travelers with its Niyo Global card
- Awards and Recognitions: Best Neo-bank in India
- Funding and Investors: Raised $150 million; Investors include Accel, Prime Venture Partners
- Competitors: Jupiter, Fi
