Emerging Mumbai-Based Fintech Innovators Elevating Asian Financial Services Landscape

January 30, 2024

The epicenter of India’s fintech boom, Mumbai, Maharashtra, has witnessed the birth of numerous startups in 2020 and beyond. These startups have been riding the wave of digital disruption and are reshaping the financial services industry with innovative solutions. In this article, we will dive into some startups that prove why Mumbai is dubbed as India’s Silicon Valley.

Each of these startups, with their respective unique offerings and cutting-edge technologies, are navigating their way up the competitive ladder, proving to be valuable additions to the financial sector. They highlight the vast potential that lies in combining finance and technology. Let’s get to know them better.

Domains such as fintech, wealth management, payments, and credit advisory have seen emerging startups offering diverse solutions making headway in the financial services industry. These startups are not only providing novel services, but also facilitating economic growth and financial inclusion. Here are some startups that stood out.

Credilio

Credilio is a digital financial platform founded by Aditya Gupta. It offers a range of services including loans, credit cards, and advisory services to individuals and families. Their mission is to redefine the way Indians borrow and lend. Follow them on Facebook and LinkedIn.

Easiloan.com

Formed by Pramod Kathuria, Easiloan is thriving in India as the first digital home loan marketplace, connecting real estate developers, brokers, home buyers, and lenders. Their end-to-end digital platform brings the demand and supply together. Find them on Facebook and LinkedIn.

ShopSe

Abhishek Nimonkar, Pallav Jain, and Yagnesh Desai established ShopSe, a fintech company that offers platforms for ‘pay later’ and ‘instant EMI’. Follow their journey on Facebook and LinkedIn.

TruBoard Partners

TruBoard Partners is an independent, tech-focused monitoring solutions provider. They develop bespoke solutions for capital providers to manage their investments and improve post-investment decision-making. Connect with them on LinkedIn.

Arthya Wealth and Investments

Arthya Wealth and Investments was founded by Gaurav Arora. They have built a comprehensive, high-quality, open-architecture-based Wealth Management and Investment Advisory platform, catering to a broad spectrum of investors including individuals, businesses, corporate treasuries, family offices, trusts and more. Check their progress on LinkedIn.

Nimbbl

Nimbbl, co-founded by Amit Bansal and Anurag Pandey, aims to reduce the online shopping cart abandonment rate. Explore more about them on their Facebook and LinkedIn pages.

Finsights

Finsights helps businesses reconcile their Books of Accounts with GSTR 2B which updates daily using advanced algorithms. Get to know them better on their Facebook and LinkedIn pages.

MBnk

MBnk, a venture established by Shashank Joshi, is making strides in the field of mobile payments and online portals. Follow them on their Facebook and LinkedIn pages.

DigiSparsh

Co-founded by Akhilesh Gandhi and Saurabh Soni, DigiSparsh is a fintech focused on healthcare lending. They offer lending solutions to the entire chain of healthcare ecosystem. Check their advances on LinkedIn.

Multipie

An intriguing startup to watch out for is Multipie, with its web and app-based networking platform for the investor community. Follow them on LinkedIn.

Yatra Angel Network

Yatra Angel Network is a fintech-focused early-stage investment firm. It fosters innovation specifically in the fintech domain. Visit their Facebook and LinkedIn pages for more information.

In conclusion, these startups are the flagbearers of India’s buzzing fintech industry, and their continued success promises an exciting future for digital finance in the country.

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