Top 10 Fintech Companies in India in 2025

Money in India is not just being spent, saved, or invested—it’s being reinvented. From QR codes at roadside tea stalls to instant credit approvals on mobile apps, the fintech wave has transformed the financial landscape. At the heart of this revolution is every innovative tech company pushing boundaries in digital payments, lending, and personal finance. With a robust UPI infrastructure and a digitally eager population, India isn’t just adapting to fintech—it’s defining its future.

In this post, we take you on a tour of the top 10 fintech Companies in India that are not just headline-grabbers but also making a tangible difference—digitally empowering millions and redefining finance.

Overview on Fintech Companies in India

India’s fintech space has quickly become one of the largest and most vibrant digital finance ecosystems in the world. With more than 10,200 startups, a flourishing user base, and policy tailwinds such as UPI and Digital India, the industry is valued at around $110 billion in 2024 and is expected to swell to $150 billion in 2025 with a CAGR of 15–18%. Major players are spearheading the payments, lending, insurtech, wealth management, and neobanking spaces—transforming how millions handle money.

1. Payments & Wallets

PhonePe

• Registered Users: 590 million+
• Merchants: 40 million+
• Daily Transactions: ~310 million
• UPI Market Share: ~50% by value, 47% by volume (May 2025)
• FY24 Revenue: ₹5,000+ crore
• Profit: ₹197 crore
• Focus Areas: UPI, bill payments, credit, insurance, investments

Paytm

• Funding Raised: $3.48 billion
• Valuation: ~$15 billion
• Monthly Transacting Users: 9.6 million
• FY24 Revenue: ₹9,978 crore
• FY24 GMV: ₹4.7 lakh crore
• Focus Areas: Wallets, UPI, loans, ticketing, insurance, Paytm Postpaid

MobiKwik

• Users: 172 million+
• Merchants: 4.5 million+
• IPO: Completed in 2024
• Key Products: Mobile wallet, ZIP (BNPL), UPI, personal loans, investments, CBDC wallet
• New Project: MobiKwik Xtra for peer-to-peer lending

2. Lending & Credit

Lendingkart

• Funding: $282 million
• Loans Disbursed: ₹14,000 crore+
• Key Focus: MSME and small business lending
• Products: Working capital loans, embedded finance APIs

CRED

• Funding: $801 million
• Valuation: $3.5–6.4 billion (2024)
• FY24 Revenue: ₹2,473 crore (+66% YoY)
• UPI Volume: 144 million transactions, ₹55,000 crore value
• Key Products: Credit card rewards, CRED Flash (BNPL), Mint (P2P lending), CBDC wallet

3. Neobanking & B2B Infrastructure

Razorpay

• Funding: $741 million
• Valuation: ~$7.5 billion
• Business Clients: 1 million+
• Product Suite: Payment gateway, RazorpayX (neobanking), payroll, loans, APIs
• Recent Move: Returned global HQ to India

Zeta

• Valuation: ~$1.5 billion
• Focus: Banking-as-a-Service (BaaS), card issuance, cloud-native core banking
• Clientele: HDFC Bank, Sodexo, fintech startups
• Offering: Modular infrastructure for next-gen financial products

4. WealthTech & Investment Platforms

Groww

• Funding: $393 million
• Valuation: $6.8 billion
• Active Users: 13 million+ (largest NSE broker)
• Platform Features: Stocks, direct mutual funds, digital gold, FDs, US stocks
• Notable Growth: ~25% market share in retail investing

Kite (Zerodha)

• Users: Millions of retail investors
• Market Position: Among India’s top discount brokers
• Offerings: Free equity delivery trades, ₹20 flat intraday, GTT, baskets, charts
• Unique Model: Bootstrapped, profitable, zero external funding

5. InsurTech

PolicyBazaar (PB Fintech)

• Funding: $766 million
• FY25 Net Profit: ₹353 crore (448% YoY growth)
• Revenue Growth: 38%
• Key Offerings: Insurance comparison across health, life, motor, travel
• New Venture: PB Health (network of hospitals) financed by $218 million
• Licensed Broker: IRDAI-approved since 2021

India’s fintech pioneers are revolutionizing the way the nation pays, saves, lends, and insures—making money services more affordable, digital, and customer-centric. As they grow and evolve, they continue to shape the future of finance for more than a billion Indians.

List of Top 10 Fintech Companies in India

1. Paytm

• Website: https://paytm.com/

Paytm, or “Pay Through Mobile,” is among India’s leading fintech players, transforming digital payments and financial services since its establishment in 2010 by Vijay Shekhar Sharma. Based in Noida, Paytm initially started as a mobile recharge and DTH prepaid platform but quickly grew into a full-fledged financial ecosystem.

It now provides a variety of services such as mobile wallets, UPI payments, bill payments, ticket reservations, insurance, gold investments, and others. With its widely used app and robust user base, Paytm was instrumental in leading digital adoption and financial inclusion in India, particularly following the 2016 demonetization. With its subsidiaries, such as Paytm Payments Bank and Paytm Money, it has even forayed into banking and investment services, becoming a major force in India’s changing digital economy.

Key features:

• Digital Wallet
• UPI Payments
• Paytm Payments Bank
• Bill Payments & Recharges
• Merchant Services
• Financial Services
• Ticket Bookings
• Lending Solutions
• Comprehensive App Ecosystem
• Data Security

2. Groww

• Website: https://groww.in/

Groww is a Bengaluru-headquartered fintech startup started by ex-Flipkart professionals in 2016, providing a simple platform for investing in mutual funds, stocks, futures & options, ETFs, IPOs, and digital gold. Built with a philosophy of simplicity first, Groww gives millions of retail investors in India transparent, low-cost financial solutions.

The platform offers zero-commission mutual funds, free Demat accounts, real-time stock trading, and detailed investor education resources. With more than 13 million active users and an expanding market share, Groww has become one of India’s leading online brokerages.

Funded by top investors and recently valued at $7 billion, it is going bigger in payments and corporate bonds and positioning itself as a major player in India’s developing digital wealth system.

Key features:

• Direct Mutual Fund Investments
• Stock Trading (NSE/BSE)
• Futures & Options (F&O)
• IPO and ETF Access
• Digital Gold & Sovereign Gold Bonds
• US Stock Investments
• Payment Services & Corporate Bonds
• Financial Tools & Education
• Risk Management Features
• Simple and Transparent User Interface

3. Zeta

• Website: https://www.zeta.tech/in/careers

Zeta is a Bengaluru-headquartered fintech and banking-tech firm that specializes in developing cloud-native, API-first platforms for core banking, UPI, credit cards, and digital payments. Zeta was established in 2015 by Bhavin Turakhia and Ramki Gaddipati.

It provides a vibrant, inclusive workplace that encourages innovation, collaboration, and ownership. The careers page of the company showcases a vast array of engineering, product, design, operations, and more roles with special focus on employee development, learning, and flexibility.

Zeta offers competitive benefits such as ESOPs, parental care, wellness initiatives, and work-life balance programs. As a global fintech company with a forward-thinking perspective, Zeta is the perfect workplace for banking tech-industry professionals with a zeal for creating the future of banking technology. 

Key features:

• Cloud-Native Banking Platform
• API-First Infrastructure
• Global Fintech Solutions
• Innovation-Driven Work Culture
• Diverse Career Opportunities
• Strong R&D Focus
• Employee-Centric Benefits
• Learning and Upskilling Support
• Inclusive and Collaborative Environment
• Global Clientele and Impact

4. PhonePe

• Website: https://www.phonepe.com/

PhonePe, founded in 2016 and based in Bengaluru, has expanded to become one of India’s largest digital payments and financial services platforms. With a registered user base of over 590 million and over 40 million merchants on its platform, PhonePe processes over 300 million transactions per day.

It captures almost half of India’s UPI volume and value. Originally launched as a UPI-based payments app, it has now grown into a full-fledged financial ecosystem that provides services ranging from bill payments, mobile recharges, insurance, digital gold, mutual funds, lending, and its investment platform Share Market.

The company also assists merchants with point-of-sale systems, QR payments, payment gateway services, loans, and advertisement tools. PhonePe became profitable in FY24 with the adjusted standalone profit of ₹710 crore and consolidated PAT of ₹197 crore. 

Key features:

• UPI-Based Digital Payments
• Bill Payments & Mobile Recharges
• Insurance & Financial Products
• Digital Gold & Mutual Fund Investments
• Share.Market – Investment Platform
• Merchant Services & POS Solutions
• QR Code Payments
• Lending & Credit Services
• Indus Appstore – App Marketplace
• UPI International Payments

Also Read: Insurance Companies in India

5. Lendingkart

• Website: https://www.lendingkart.com/

Established in 2014 by Harshvardhan Lunia and Mukul Sachan, Lendingkart is a fintech NBFC with a mission to deliver instant working capital loans to MSMEs in India. With the help of AI and big data, it facilitates end-to-end digital loan processing involving minimal documentation and disbursal within 24–72 hours.

The organization collaborates with large banks and NBFCs on a co-lending basis, and has disbursed more than ₹14,000 crore through 4,000+ cities. Lendingkart reaches even rural areas, with more than 11,700 pin codes covered.

Backed by investors such as Temasek and Bertelsmann, it continues to grow through platforms such as its co-lending SaaS ‘2gthr’ and plans to fill the credit gap for under-served businesses with speed, technology, and financial inclusion at its heart. 

Key features:

• Fully Digital Credit Platform
• AI/ML-Driven Risk Assessment
• Rapid Loan Disbursal (24–72 hrs)
• Co-Lending Partnerships with Banks/NBFCs
• Broad MSME Focus & Pan-India Reach
• Diverse Loan Products (Working Capital, Gold Loans, etc.)
• Co-Lending SaaS (‘2gthr’) Platform
• Big Data Analytics for Credit Scoring
• Debt & Equity Fundraising Channels
• Financial Inclusion Emphasis for Underserved MSMEs

6. CRED

Website: https://cred.club/

Established in 2018 by Kunal Shah, Bengaluru-headquartered CRED is a fintech company that incentivizes users with good credit ratings (750+) for on-time payments of credit card bills.

Over the years, it has become a full-fledged financial services app, providing UPI payments through RuPay credit cards, a prepaid wallet, peer-to-peer lending (CRED Mint), BNPL offerings (CRED Flash), and short-term credit lines. It also facilitates payment of rent using credit cards, Tap-to-Pay using NFC, and personal finance management with CRED Money.

CRED is now the first Indian fintech company to add an e-rupee CBDC wallet as a partnership with the RBI. With about 13 million members and a $6.4 billion valuation, CRED combines financial ease with premium user rewards. 

Key features:

• Credit Card Bill Payments with Rewards
• UPI via RuPay Credit Cards
• Prepaid Wallet
• Peer-to-Peer Lending (Cred Mint)
• Buy Now, Pay Later (CRED Flash)
• NFC Tap-to-Pay
• Personal Finance Manager (CRED Money)
• Rent Payments via Credit Card
• Short-Term Credit Lines (Cred Cash)
• e-Rupee Digital Currency Wallet

7. Kite

Website: https://kite.zerodha.com/

Kite is Zerodha’s flagship web and mobile trading platform for retail and institutional investors. It provides lightning-fast, real-time market data, high-performance charting with over hundreds of indicators, and rich 20-level depth of market for better trade decisions.

The main features are universal search of all stocks, derivatives, commodities, and bonds on NSE, BSE, and MCX; cloud-based alerts; GTT (Good Till Triggered) orders with OCO (One Cancel Other); and basket orders.

The platform also facilitates IPO applications through UPI and enables developers to develop proprietary tools using Kite Connect APIs. Famed for its low prices—zero brokerage on equity delivery and flat ₹20 per trade for intraday and F&O—Kite is a low-cost, high-capacity choice that’s adopted by millions in India. 

Key features:

• Real-Time Market Data
• Advanced Charting Tools
• 20-Level Market Depth (Level 3 Data)
• Universal Instrument Search
• GTT (Good Till Triggered) Orders with OCO
• Basket Orders
• Cloud-Based Alerts
• IPO Applications via UPI
• Kite Connect APIs for Developers
• Low-Cost Brokerage Structure

8. Razorpay

Website: https://razorpay.com/

Established in 2014 by Shashank Kumar and Harshil Mathur in Bengaluru, Razorpay began life as a developer-friendly payment gateway with the goal of making online payments easier for startups and businesses.

It has grown over time to become India’s sole full-stack financial services platform that provides a plethora of solutions ranging from payments, neobanking with RazorpayX, working capital loans, payroll management, subscriptions, invoicing, and smart fraud detection.

These services are driven by frictionless API integration, serving more than one million businesses in India. Razorpay has reached a valuation of around $7.5 billion and most recently doubled down on its Indian roots by moving its global headquarters back to India. The company continues to grow and innovate, reinventing the way businesses move and manage money at scale. 

Key features:

• Online Payment Gateway
• RazorpayX Neobanking Platform
• Working Capital Loans
• Payroll and Compliance Management
• Subscription Billing Solutions
• Invoicing and GST-Compliant Billing
• Payment Links and Checkout Pages
• UPI, Cards, EMI & Wallet Integrations
• Fraud Detection and Risk Management
• API-Driven Automation and Integrations

9. MobiKwik

• Website: https://www.mobikwik.com/

MobiKwik, which began life in 2009 as a humble mobile wallet by Bipin Preet Singh and Upasana Taku, has expanded into a full-fledged fintech ecosystem that caters to more than 172 million consumers and 4.5 million merchants.

Based in Gurugram, the platform streamlines everyday money transactions—recharges, bill payments, and shopping—along with access to credit via ZIP (Buy Now, Pay Later), instant loans, and digital lending. MobiKwik provides investing instruments such as digital gold, mutual funds, and fixed deposits, tapping into India’s increasing demand for wealth creation.

It was also the first to launch India’s first fully functional e-rupee wallet, in line with the country’s drive towards embracing digital currency. Following its 2024 blockbuster IPO, MobiKwik continues to lead financial empowerment through user-centric design, accessibility, and speed of innovation. 

Key features:

• Mobile Wallet & Recharge Services
• Bill Payments & UPI (incl. Pocket UPI)
• Consumer Credit: ZIP, BNPL, Instant Loans
• Investments: Digital Gold, Mutual Funds, FDs
• Peer-to-Peer Lending via Xtra
• Merchant Solutions: QR, Soundbox, EDC
• e-Rupee CBDC Wallet Integration
• AI/ML-Driven Personal Finance Tools
• Data Analytics-Powered Offerings
• Publicly Listed & IPO-Era Growth

10. PolicyBazaar

• Website: https://www.policybazaar.com/

PolicyBazaar, founded in 2008, has become a fintech pioneer revolutionizing the way Indians buy insurance. From its Gurugram headquarters, it enables more than 50 million users to compare and buy insurance products from 40+ partners—all on a transparent, digital-first platform.

In addition to online policies, it now provides customized business insurance, offline advisory centers, and credit-linked innovations. In a dramatic shift, PolicyBazaar jumped into healthcare delivery last month with its PB Health chain of hospitals, mixing insurance with actual care.

Laced with strong revenue growth and profitability in FY25, the firm represents a rare fintech success story. With growing operations in India and the UAE, PolicyBazaar is not merely selling policies—it’s creating a new financial security net for a health-conscious, digitally connected generation. 

Key features:

• Digital Insurance Comparison Platform
• Access to 40+ Insurance Providers
• Health, Life, Motor & Travel Insurance
• Business & SME Insurance Solutions
• Offline Advisory & Retail Centers
• Credit-Linked Insurance Offerings
• PB Health – Hospital Network Venture
• IRDAI Licensed Insurance Broker
• Integrated Claim Assistance
• Expansion Across India & UAE

Conclusion

India’s fintech tale is one of daring innovation, explosive scale, and profound impact. The top 10 fintech firms included in this blog are not merely upending conventional financial infrastructures—they’re remaking them for a digitally native, financially empowered world.

By focusing on accessibility, velocity, and user experience, these firms are lowering the barriers to financial services, making them easier, more intelligent, and more inclusive. As India remains at the forefront of digital uptake, these fintech trailblazers are redefining the future of money—not for the nation alone, but for the world to observe and emulate.

FAQs

Why is India such a prominent fintech hub?

India boasts a huge digital population, robust UPI infrastructure, increasing smartphone penetration, and government backing through initiatives like Digital India and Jan Dhan Yojana—all of which drive fintech innovation and adoption.

Are fintech platforms secure to use?

Most prominent fintech websites adhere to RBI regulations, employ encryption, two-factor authentication, and secure APIs to safeguard users’ data and transactions. Nevertheless, users should always employ authentic apps and remain vigilant regarding fraud.

How do BNPL (Buy Now, Pay Later) services operate in India?

BNPL enables customers to purchase now and pay afterward, frequently interest-free for a short term. Fintech players such as CRED, MobiKwik, and Paytm provide BNPL through their apps with ease-based approvals.

Are fintech companies regulated in India?

Yes. The majority of fintech firms are regulated by authorities such as the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and Insurance Regulatory and Development Authority (IRDAI), based on the nature of their offerings.

What should I do to select the best fintech app for my requirements?

Think about what service you require (payments, loans, investments, etc.), find apps with good reviews, verified licenses, and easy-to-use interfaces. Always check the platform is RBI/SEBI/IRDAI-compliant.