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101 Top Indian Financial Services Companies and Startups of 2021

This article showcases our top picks for the best Indian based Financial Services companies. These startups and companies are taking a variety of approaches to innovating the Financial Services industry, but are all exceptional companies well worth a follow.

We tried to pick companies across the size spectrum from cutting edge startups to established brands.

We selected these startups and companies for exceptional performance in one of these categories:

  • Innovation
    • Innovative ideas
    • Innovative route to market
    • Innovative product
  • Growth
    • Exceptional growth
    • Exceptional growth strategy
  • Management
  • Societal impact

Top Indian Financial Services Startups

Data sourced from Crunchbase and SemRush.

Paytm

Paytm

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Paytm is a payment gateway that provides payment services for customers and merchants.

Razorpay

Razorpay

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Razorpay is a platform that enables businesses to accept, process, and disburse payments.

Razorpay

slice

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Slice is a fintech company based in India to pay bills, manage expenses, and unlock instant rewards.

Razorpay

CRED

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CRED is a members-only credit card management and bill payments platform that rewards users every time they pay their credit card bills.

Razorpay

Instamojo

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Instamojo is an on-demand payments platform that enables entrepreneurs to build, manage, and grow their business online.

Razorpay

Pine Labs

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Pine Labs is a merchant commerce platform that provides financing and last-mile retail transaction technology to merchants.

Razorpay

Groww

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Groww is an investment platform that offers a new way of investing money with stockbroking and direct mutual funds.

Razorpay

ICICI Bank

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ICICI Bank is an Indian bank that offers a wide range of banking products and financial services to corporate and retail customers.

Razorpay

Cashfree

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Cashfree is a payments and banking technology company that enables businesses in India to collect payments online and make payouts.

Razorpay

Progcap

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Progcap is a financial service company that provides financial opportunities for micro and small businesses.

Razorpay

Capital Float

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Capital Float is an online platform that provides working capital finance to SMEs.

Razorpay

Yes Bank

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YES BANK is a large private sector bank that offers comprehensive banking and financial solution to all its valued customers.

Razorpay

MobiKwik

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MobiKwik is India’s leading fintech platform, operating businesses in consumer payments, payment gateway, and financial services.

Razorpay

NiYO Solutions

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NiYO is a fintech company that helps salaried employees access company benefits and other financial services.

Razorpay

KreditBee

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KreditBee is a digital lending platform developed to assist young professionals with their personal finances.

Razorpay

Northern Arc

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Northern Arc Capital is a Non-Banking Finance Company that provides borrows with access to debt investors.

Razorpay

Kodo

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Kodo is a fintech startup focused on serving the corporate card and B2B payments needs of small businesses.

Razorpay

RenewBuy

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Simplest way to renew your car insurance. Get quote and insure your car in couple of minutes

Razorpay

Jai Kisan

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Jai Kisan is a fintech platform that provides sustainable financing for rural emerging markets.

Razorpay

OPEN

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Open develops and offers an online platform for banking and intercompany settlement.

Razorpay

Axis Bank

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Axis Bank is a banking institution offering commercial, corporate and retail banking, and treasury operations.

Razorpay

Jupiter

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Jupiter is a provider of digital retail banking services to help users track their expenses.

Razorpay

Shriram Transport

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Shriram Transport is a financier of used trucks and primarily lends to small truck operators across India.

Razorpay

Piramal Enterprises

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Piramal Group is a diversified conglomerate with operational presence in pharma, financial services, information management and real estate.

Razorpay

InCred

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InCred is a financial services platform that leverages technology and data-science to make lending quick and easy.

Razorpay

IndusInd Bank

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IndusInd Bank is a Mumbai-based Indian new generation bank established in 1994.

Razorpay

OfBusiness

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OfBusiness is a financing platform that offers smart financing to SMEs.

Razorpay

Upstox

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Upstox is a fin-tech company to allow innovative investment options for its users.

Razorpay

ZestMoney

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ZestMoney is an India-based consumer lending fintech company.

Razorpay

Bimaplan

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Affordable Insurance for the next billion Indians

Razorpay

MyMoneyMantra

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MyMoneyMantra is India’s largest phy-gital (physical-digital) consumer & business finance marketplace.

Razorpay

OkCredit

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OkCredit simplifies credit account management for shop owners and their customers.

Razorpay

Vivriti Capital

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Vivriti Capital is a marketplace for small enterprises and individuals that lack efficient access to financial services.

Razorpay

smallcase

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Changing how India invests in equities

Razorpay

Digit Insurance

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Digit Insurance is a financial services company that general insurance services.

Razorpay

Fisdom

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Fisdom is a fintech company that offers investment advisory services through an application.

Razorpay

Mswipe Technologies

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POS, Mobile POS, mPOS, Card Payment, Payment Solutions, mQR, QR code, Digital Payments, Card Swipping Machine, NFC Payment

Razorpay

Aye Finance

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Aye Finance is a finance company that provides business loans to micro and small businesses.

Razorpay

Turtlemint

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Turtlemint is an insurtech platform that identifies and purchases appropriate insurance policies for consumers.

Razorpay

AU Small Finance Bank

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AU Small Finance Bank is a non banking finance company that provides financial products for customers in Rajasthan.

Razorpay

Lendingkart

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Lendingkart is an online financing company that provides short-term working capital loans to SME borrowers.

Razorpay

BharatPe

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BharatPe is a FinTech company that helps merchants accept payments from customers for free.

Razorpay

National Stock Exchange

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NSE is India’s stock exchange covering various cities and towns across the country.

Razorpay

Chqbook

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Chqbook is a fintech startup that allows customers to explore, compare, book and get personal finance products.

Razorpay

PNB Housing Finance

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PNBHFL is India’s home loan provider from last 25 years offering home loans at fixed & flexible rate of Interest.

Razorpay

FamPay

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FamPay offers UPI, P2P, and card payments that allows parents to send money to their teenage kids.

Razorpay

Indifi Technologies

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Indifi Technologies is a digital lending platform that offers loans to small businesses.

Razorpay

Stashfin

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StashFin is a digital lending company that leverages technology to provide instant credit decisions.

Razorpay

Flexmoney

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Flexmoney is to re-invent consumer credit as an instant digital service at the point of sale for lenders and merchants.

Razorpay

Simpl

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Simpl is a market leading Pay-Later platform in India

Razorpay

SBI Life

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SBI Life is one of the life insurance company that offers a range of life insurance plans and policies to protect you and your family.

Razorpay

CoinDCX

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CoinDCX is a company that specializes in crypto-enabled financial services.

Razorpay

Happay

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Happay is an AI-powered business expense management software that enables businesses to automate their expense management process.

Razorpay

Five Star Business Finance

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Five-Star is a Registered Non Banking Finance Company (NBFC) with Reserve Bank of India (RBI).

Razorpay

INDwealth

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INDwealth is an Artificial Intelligence and Machine learning-based wealth management platform for HNI families.

Razorpay

Bandhan Bank

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Bandhan Bank provides microfinance lending services.

Razorpay

Kissht

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Kissht is a financial technology platform that enables instant, seamless credit for consumers to make purchases at digital points of sales.

Razorpay

SBI Card

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SBI Card, a player in the Indian credit card market.

Razorpay

EarlySalary

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EarlySalary.com is a new FinTech start-up in Pune. We are here to help you from being broke.

Razorpay

Velocity

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Velocity provides revenue-based financing to online businesses.

Razorpay

True Balance

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True Balance is a digital wallet that enables users to access utility bill payment and other financial products.

Razorpay

WealthDesk

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WealthDesk is a business-to-business-to-consumer (B2B2C) investment-tech platform.

Razorpay

National Commodity & Derivatives Exchange (NCDEX)

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National Commodity & Derivatives Exchange (NCDEX) is a professionally managed on-line multi commodity exchange.

Razorpay

Leap Finance

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Leap Finance is a fintech startup that offers education loans and credit cards to Indian students studying overseas.

Razorpay

indiagold

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Trusted by over 7 Lakh customers, indiagold provides instant gold loans and secure gold locker services.

Razorpay

Signzy

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Signzy is an AI-powered fintech company offering a digital onboarding solution for banks, NBFCs, and other financial institutions.

Razorpay

Kinara Capital

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Kinara Capital is a financing company that provides flexible collateral-free loans to small business entrepreneurs.

Razorpay

FlexiLoans

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FlexiLoans is a digital lending platform for SMEs in India

Razorpay

YAP

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YAP is the API Platform for Banking and Payments products in Asia. More than 200 Fintechs across Asia rely on YAP

Razorpay

Neogrowth

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NeoGrowth Credit Pvt Ltd is a non-deposit taking NBFC registered with RBI, providing short term business loans to Indian merchants for

Razorpay

Scripbox

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Scripbox owns and operates an online investing platform that distributes mutual funds in India.

Razorpay

LiquiLoans

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Liquiloans is a Peer to Peer Lending platform

Razorpay

Setu

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Setu’s mission is to accelerate economic growth by making formal finance accessible to all.

Razorpay

Uni Cards

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Uni provides new-age credit cards for the digital generation.

Razorpay

Financepeer

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Financepeer is an AI based peer to peer lending platform.

Razorpay

Zolve

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Zolve provides financial assistance to the immigrants which helps them to be financially free.

Razorpay

InstantPay

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Financial Services for Larger India

Razorpay

Idfc First Bank

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Idfc First Bank is a bank providing a range of financial solutions to individuals, small businesses and corporates.

Razorpay

RBL Bank

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RBL Bank is one of India’s fastest growing scheduled commercial banks.

Razorpay

CredFlow

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CredFlow provides financial solutions to automate your cashflows.

Razorpay

Eduvanz

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Eduvanz is a fintech Non-banking Finance Company for students seeking financial assistance.

Razorpay

Ess Kay Fincorp

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Ess Kay Fincorp is a Jaipur-based vehicle and small and medium enterprise (SME) finance company.

Razorpay

Muthoot Finance

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Muthoot Finance Ltd. is making micro finance business.

Razorpay

ftcash

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ftcash empowers the underserved micro-merchanrs through financial inclusion using digital payments and loans.

Razorpay

Financial Software & Systems

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Financial Software & Systems (FSS), is a global comprehensive payments technology provider.

Razorpay

Rupifi

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Rupifi operates a software-as-a-service (SaaS) firm focussed on financial products.

Razorpay

Perfios Software Solutions

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Perfios Software Solutions offers end user track, monitor and manage personal finance with little manual intervention.

Razorpay

CASHe

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For timely EMI payments or squaring monthly bills, making a major purchase that you so desired

Razorpay

ZipLoan

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ZipLoan is a tech driven NBFC focused on loans to small business owner

Razorpay

GetVantage

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GetVantage is India and Southeast Asia’s first fintech enabled Revenue-based financing platform.

Razorpay

Bijak

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Bijak is a developer of B2B platform for agricultural commodities positioned towards MSME buyers and sellers

Razorpay

Recko

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Recko is the financial operations platform for internet businesses – making Reconciliation, commission calculations and payouts seamless

Razorpay

HDB Financial Services

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HDB Financial Services offers personal loan, business loan, gold loan, loan against property, consumer loan & many other financial products.

Razorpay

Varthana

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Varthana runs a project to financially support affordable private schools in India, to secure good education to more children.

Razorpay

LoanTap

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LoanTap is an online platform committed to deliver flexible loan products to salaried professionals.

Razorpay

SMECorner

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SMEcorner is a financial lending firm that focuses on providing services to small and medium enterprises.

Razorpay

Fi.Money

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Making People Better with Money

Razorpay

Spandana Sphoorty Financial

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Spandana Sphoorty Financial Ltd is a Micro Finance firm head-quartered at Hyderabad, India.

Razorpay

Money View

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Money View is a user-friendly Android app that uses information from SMSes sent from banks, merchants.

Razorpay

ToneTag

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Enabling Contactless Payment on any device

Razorpay

Kaleidofin

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Kaleidofin is a fintech platform that provides complete financial solutions for excluded individuals and households.

Written by Mark Fitz

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