6 Best Fintech Companies in India

With the fintech industry growing everyday, here are 6 fintech companies in India that everyone should know about.


The most recent cutting-edge alternatives to the back-end systems used by conventional banking firms are fintech companies. Fintech encompasses a wide range of sectors and industries, including retail banking, instruction, investment management, fundraising for nonprofit organizations, etc.

In the fintech sector, software and algorithms are utilized to manage financial operations and procedures. Fintech is expanding in many fields, although it is primarily concerned with the traditional banking industry. Cryptocurrencies like Bitcoin are developed and used by the fintech industry. It has brought about a significant transformation in India.

Let us admire the list of Fintech companies in India for landing. Fintech lenders employ cutting-edge technology to enhance antiquated and inefficient loan procedures. It enables lenders to streamline their procedures and quicken the processing of payments.

Many Indian Fintech businesses today enable lenders to offer individualized services based on the wants and needs of each borrower.

What are India’s Fintech Companies?

Let’s first study the fundamentals of fintech before learning about the best Fintech businesses in India. Insurtech is the application of technology to better the insurance industry.

Policybazaar, one of India’s most well-known Fintech insurance providers, provides a range of products on a user-friendly platform. For instance, term life insurance offers greater insurance coverage at a cheaper premium cost.

Another fintech business in India that provides a range of financial solutions is Kaleidofin. With the use of its specialized suitability engines, it can give its clients customized financial solutions. Partners include IRCTC, PVR, MakeMyTrip, and others. The business also provides a credit limit with a 14-day grace period without interest.

Because inventory times are shortened, its services also assist businesses in providing better services and increasing revenue. In India, two well-known Fintech firms are Neobanks and Milaap. Both businesses provide cloud-based payment services that power more than 350,000 PoS terminals across more than 3,000 cities. One of India’s fastest-growing Fintech startups, Slice, provides payment gateway services as well as a cashback program that offers up to 2% of each transaction. Cashfree Payments is another well-known B2B Fintech firm in India that offers banking and payment processing. India’s low cost of payment gateways and high success rate make it a distinct offering.

The Top Indian Fintech Companies for Payment

The success of Fintech payment companies has contributed significantly to the quick expansion of digital payments in India. When attempting to grow into new markets, these companies don’t have many advantages over other financial institutions. To counter the challenge posed by Fintech, major Indian banks have increased their efforts to enhance their digital product offerings. Here are a few examples.


Mintoak is one of the top Fintech businesses in India. Mintoak is a white-label merchant payment platform that enables businesses to take all types of digital payments, including cards and cash, and creates a single transaction report. The retailers are now free to concentrate on their businesses. In collaboration with the State Bank of India and HDFC Bank Ltd., Mintoak generates revenue via subscription fees and a percentage of the proceeds from the sale of the banks’ goods. The company is 5.2% owned by HDFC Bank.

While traditional banks resisted accepting payments made using smartphones, Fintech firms in India seized the opportunity to target the deposit-taking business of traditional financial institutions.


Leading mobile wallet BharatPe, which is partially owned by a bank, is trying to get retailers to use its payment service rather than current accounts. The second-most used consumer wallet in India, Google Pay, owned by Alphabet Inc., is promoting fixed deposits at the same time.

The Indian government has made initiatives to encourage international investment in the Fintech sector in addition to these new financial services. The International Direct Investment (FDI) framework in financial services has been liberalized by the Reserve Bank of India since 2016, making it simpler for businesses to entice foreign investors.

The new regulations also permit businesses offering financial services to draw funds from abroad. Agritech businesses are an excellent illustration of the latter. Farmers that use their services see greater sales and quicker inventory cycles.

Indian Agri Fintech Companies

In India, there is little use of technology improvements in the agriculture sector. In the end, India’s agriculture sector provides barely 17–18% of the GDP of the nation. In recent years, India has seen a growth in the number of AgriTech firms that support farmers in improving their lives and expanding access to technology.


AI-powered vision-based technology has been introduced to agriculture by a Bengaluru-based Agritech startup. Agdhi is introducing techniques based on computer vision and machine learning to find flaws in crops and seeds, enabling farmers to buy high-quality seeds and plants. Within minutes, the results will be made available. The objective is to disrupt seed testing, seed sampling, and yield technology, which is now necessary. The business is developing digital technology and coming up with substitutes to support sustainable agricultural practices.


Sitanshu Sheth and Shardul Sheth, twins, launched the business in 2013. AgroStar is an online marketplace where farmers may buy agriculture inputs. The AgriTech business also provides farmers with in-the-moment professional guidance on how to improve crop quality and productivity.

Indian Fintech Companies for Wealth Management

A wide range of features are available in the digital realm for wealth management, such as access to free research reports, backtesting, Algo trading, curated investing options, and investment advisers. For urban Indians, this makes wealth management and investing simple. Due to the rise in Fintech services, several entrepreneurs are seizing this opportunity.

Cube Wealth

With 17 investment alternatives available on a single screen, including equities, P2P loans, gold, liquid funds, and other assets, Mumbai-based Cube Wealth is a wealth technology platform.

A dedicated “wealth coach” who offers individualized advice on every investment works for wealth management systems. One of the site’s distinguishing characteristics is that it offers users the choice of a free personalized investment portfolio depending on a range of factors, such as spending and goals, monthly savings and goals, etc.


The company was set up in 2017. The founders are Harsh Jain, Lalit Keshre, Ishan Bansal, and Neeraj Singh, all former workers of Flipkart. Groww’s web platform and mobile applications are designed to make it simple and easy for people to make their first mutual fund investment.

Groww seeks to educate investors about the numerous risks associated with each portfolio through Groww Assist in addition to offering investors an unbiased analysis of all mutual funds accessible on the market. The SmartSave service from Groww is an investment tool that functions like a bank account and lets users take money out of their investments.

According to analysts, fintech businesses in India will expand both horizontally and vertically. Technology’s increased accessibility is the key to achieving vertical growth. As people acquire new instruments for saving, investing, and trading money as well as changing their economic structures, new financial innovations will emerge in vertical development.

Through these sorts of growth, India is likely to achieve financial maturity and be able to unleash a significant amount of economic growth. This list of the best fintech companies in India has given you clear guidance.

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