Top 10 FinTech Companies In India

Top 10 FinTech Companies in India:- Financial Technology is derived as FinTech, and its ultimate aim is to replace our traditional payment methods with digital solutions. Digital India Program is expanding day by day in India. Digitalization played a vital role in transforming our payment Interface. In Past years, the public feels hesitant to use the online payment interface, but now a large population of India prefers online Interface.

India has transformed itself into a digital economy by moving towards the idea of digital payments. India holds a digital transaction value of $ 81,197 million. Today we will talk about the Top 10 FinTech Companies in India that played a vital role in influencing people to use digital payment interface.

No.1- Paytm

Paytm is at the first position in the list of Top 10 Fintech companies in India. Paytm is founded by Vijay Shekhar Sharma in August 2010. It is a leading Financial Technology company that gained people’s attraction after the three months of demonetization in 2016. It also provides service as the Paytm Payments Bank at the digital platform. Its headquarter is in sector 5 of Noida, Uttar Pradesh. There are approx. 35 crore users of Paytm. The revenue of the company is Rs. 3,629 crores.

Paytm Services:

Bank Transfers
Recharge phone
Pay bills
Carry UPI transactions
pay at local vendors
Pay fees, Rent, and much more

No.2- PhonePe

PhonePe is another leading Indian digital payments & financial technology company in the top 10 fintech companies in India. Sameer Nigam and Rahul Chari found PhonePe in the year 2015. Its headquarters is in Banglore, Karnataka. It is a brand product of its parent company Flipkart. This Payment Gateway is available in over 11 Indian Languages to make the App easier and convenient. There are approx. 280 million users of PhonePe. The revenue of the company is Rs. 427 crores. PhonePe has a partnership with RedBus, OLA, Goibibo, Freshmenu.

PhonePe Services:

Bank Transfers
Recharge phone
Pay bills
Carry UPI transactions through bank
pay at local vendors
Pay fees, Rent, and much more

No.3- MobiKwik

Mobikwik is another leading digital payment company in India. MobiKwik is Founded by Bipin Preet Singh and Upasana Taku. They both are husband and wife. It was founded in April 2009. Its headquarters is in Gurugram, Haryana. Customers add money to the MobiKwik wallet online and use it for various payments. There are approx. 1.5 million merchants & 55 million customers of MobiKwik. In 2015, Mobikwik got partnered with Uber to utilize debit and credit card payments.

MobiKwik Services:

Bank Transfers
Recharge phone
Mobile and Online Payments
Shopping
pay at local vendors

No.4- PayU

PayU is a Netherland Based FinTech company that provides technology for online payments. PayU is Founded by Jose Velez, Arjan Bakker, Nitin Gupta. Laurent Le Moal is the current CEO of PayU. It was founded in the year 2002. Its headquarters is in Hoofddorp, Netherlands. Naspers Group owns this FinTech company. There are approx—65 million customers of PayU in over 17 countries worldwide. 1500 employees take the revenue at the peak of 92% increase.

PayU Services:

Money Transfers
API to merchants
Mobile and Online Payments
Shopping
pay at local vendors

No.5- Policy Bazaar

Policy Bazaar is an Indian Insurance aggregator and a global FinTech company that provides the platform to choose financial companies of major insurance companies. Policy Bazaar is Founded by Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar. It was founded in June 2008. Its headquarters is in Gurgaon, Haryana. This FinTech company has 10,010+ employees. The Company provides the services according to customers’ desire by comparing various insurances like life insurance, health insurance, motor insurance, and travel insurance.

No.6- Lendingkart

Lendingkart is an Indian global FinTech company that provides business Loans with a completely paperless process. Lendingkart is Founded by Harshvardhan Lunia & Mukul Sachan. It was founded on 26 December, in the year 2014. Its headquarters is in Gurgaon, Haryana. The Company provides the correct information about working capital finance. It provides a loan between Rs. 50,000 and Rs.1 crore with minimum digital documentation and zero collateral. The estimated revenue of Lendingkart is around Rs. 51.2 crores.

No.7- FreeCharge

FreeCharge is an Indian global FinTech company that provides a platform for digital payments and transactions. FreeCharge is Founded by Kunal Shah, Sandeep Tandon. It was founded in August 2010. Its headquarters is in Gurgaon, Haryana. Axis Bank acquires this FinTech company for $60 million. Siddharth Mehta is the current CEO of Freecharge. FreeCharge can be used for savings, payments, insurance, lending, and investments. Users can pay all types of bills using Freecharge (electricity bill, gas bill, mobile bills), and we can also recharge mobile, broadband, DTH, metro cards for free charge.

FreeCharge Services:

Money Transfers
API to merchants
Mobile and Online Payments
Shopping
pay at local vendors

No.8- Billdesk

Billdesk is an Indian online payment gateway & FinTech company that provides the platform for digital payments and transactions. Billdesk is Founded by M.N.Srinivasu, Ajay Kaushal, Karthik Ganapathy. It was founded in the year 2000. Its headquarters is in Mumbai, Maharashtra. This FinTech company has worth $1 billion, as in 2015. The Company provides services related to money transfer and bill payment. In 2015, India’s 70% online billing was done by BillDesk.

No.9- Mswipe

Mswipe is an Indian global FinTech company that provides the latest and smartest POS terminal for digital payments and transactions. Manish Patel founds Mswipe. It was founded in August 2011. Its headquarters is in Mumbai, Maharashtra. This FinTech company will soon merge with PayU Payment company. Manish Patel is also the CEO of Mswipe technologies private limited. Mswipe is an EDC machine that can be used for accepting debit card and credit card payments. The revenue of Mswipe is around Rs. 348 crores.

No.10- Ezetap

Last but not least, Ezetap is at the tenth position in the list of top 10 FinTech companies in India. Ezetap is an Indian global FinTech company that is totally a merchant solution. Its headquarter is in Bengaluru, Karnataka. Abhijit Bose and Bhaktha Keshavachar founded the company Ezetap in the year 2011. Ezetap is a hardware device that is used for secure transactions using credit and debit cards. It reads the magnetic stripe of a customer’s credit card or debit card and transacts easily. The annual revenue of Ezetap is around $ 32.2 million per year.

Final Thought

Based on Research and Analysis, here are the most trusted, digital, and valuable top 10 FinTech Companies in India. We have classified these Financial Technology Companies based on their number of users in India. Digital Payment companies are at a peak because of the COVID 19 crisis. It is better to use the digital payment gateway rather than going out.

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