101 Top Indian Financial Services Companies and Startups of 2021

July 2, 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

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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

Crunchbase Website Twitter Facebook Linkedin

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.

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