This pandemic affected many businesses, companies, and startups atrociously. Due to losses, some firms or startups stopped working. But some industries like FinTech gained more attraction and customers in this period. Some of the pleasing investors like Tiger Global & Sequoia Capital invested a good chunk in the best FinTech Startups.
Are you passionate or planning to make your career in the fintech industry? In this article, I have listed all the best FinTech startups.
List of Best FinTech Startups in India
Below, I have listed the top fintech startups in descending order as per their total funding. Along with that, I have added job locations with job openings. So now, find the best fintech companies and give your career a boost.
- Zerodha
- Instamojo
- Kodo
- Upstox
- Slice
- Mobikwik
- Lending Kart
- Zeta
- Razorpay
- Pine Labs
- CRED
- Navi Technologies
- PhonePe
- Paytm
Zerodha
Founders: Nithin Kamath, Nikhil Kamath
Year of Establishment: 2010
Total Funding: $0 (Bootstrapped)
Location For Jobs: Bangalore
Zerodha is an Indian financial services company that offers retail and institutional broking, currencies and commodities trading, mutual funds, and bonds.
I am personally using Zerodha as my stockbroker. It’s great to purchase stocks and mutual funds.
Best part? It is completely bootstrapped and raised no external funding till now. It’s a great achievement in today’s startup community where everyone is looking to raise money from investors.
Instamojo
Founders: Aditya Sengupta, Akash Gehani, Harshad Sharma, Sampad Swain
Year of Establishment: 2012
Total Funding: $8.4 Million
Location For Jobs: Banglore
Instamojo is a payment platform service that allows solopreneurs like us to build, manage, and grow our business online. It helps us in building a business online with a few steps. If someone wants to sell digital products, it’s a great way to start.
Instamojo’s unique key is that you can easily create an online store, add payment methods in a few clicks without any technical knowledge.
Kodo
Founders: Deepti Sanghi, Gaurav Thapa
Year of Establishment: 2019
Total Funding: ₹635 Million
Location for Jobs: Mumbai
Kodo is a FinTech startup helping corporates with cards and B2B payments according to the needs of small businesses. Also, they offer credit cards to startups so that they can bootstrap.
Kodo’s USP is that they are helping startups or businesses to run correctly. For example, in the initial days, every startup or business faces financial crises. And Kodo is eliminating this through their services.
Upstox
Founders: Raghu Kumar, Shrinivas Viswanath
Year of Establishment: 2010
Total Funding: $29 Million
Location For Jobs: Mumbai
Upstox is a financial-technology startup that allows to trade in securities and stocks.
Their unique selling proportion is that they don’t charge even a single penny as brokerage. Moreover, they also offer many trading services.
Upstox is backed by Tiger Global and honorable Ratan Tata.
Slice
Founders: Deepak Malhotra, Rajan Bajaj
Year of Establishment: 2016
Total Funding: $53.7 Million
Location For Jobs: Bengaluru
Slice offers cards similar to ATM cards, but only for students. Students can easily make payments, and it has no spend limits.
In 2017, Slice acquired Trustio, which is a peer-to-peer lending company.
Mobikwik
Founders: Bipin Singh, Chandan Joshi, Upasana Taku
Year of Establishment: 2009
Total Funding: $140.1 Million
Location For Jobs: Gurgaon
Mobikwik is one of the largest payment applications in India. It has over 120 million users. Besides that, they are serving over 3 million merchants and 300+ billers across India.
MobiKwik has acquired Clearfund which scans payments and discloses hidden charges.
Lending Kart
Founders: Harshvardhan Lunia, Mukul Sachan
Year of Establishment: 2014
Total Funding: $257.5 Million
Location For Jobs: Ahmedabad, Bangalore
Lending Kart is an online financing company helping entrepreneurs and small businesses in providing working capital loans. First, they analyze the customer user base and then provide them with the working capital.
They provide business loans of ₹50,000 up to ₹2 Crore to eligible SMEs. The process is online so it is very fast with the processing of loans.
Zeta
Founder: Bhavin Turakhia
Year of Establishment: 2016
Total Funding: $310M
Location For Jobs: Mumbai, Bangalore, Hyderabad, Pune
Zeta is another startup that entered the unicorn club in 2021 with the leadership of serial entrepreneur Bhavin Turakhia.
If you work in a corporate or MNC, you might be using a Zeta card to purchase food items and snacks from your office cafeteria. It offers similar services as a bank but in a better way.
Zeta has several banking and card products that make payments and finance easier. It even provides APIs and SDKs to fintech, neobanks, distributors and enables them to embed prepaid, credit, debit and loan products within their apps.
The majority of its products are meant for banks, fintech companies, and enterprises.
Razorpay
Founders: Harshil Mathur, Shashank Kumar
Year of Establishment: 2013
Total Funding: $366.6 Million
Location For Jobs: Bangalore, Mumbai
Razorpay is a payment gateway that enables businesses to accept payments. It allows merchants to receive payments through different services such as Credit Card, Debit Card, UPI, and more.
It also offers features such as buying products on credit from an eCommerce store. Razorpay is another startup on the unicorn companies list.
Razorpay allows retailers to accept payments through multiple modes. It makes it even more convenient for users and the business.
Personally, even I use RazorPay for this website. 🙂
Pine Labs
Founders: Lokvir Kapoor, Rajul Garg, Tarun Upaday
Year of Establishment: 1998
Total Funding: $423.2M
Location For Jobs: Noida and Mumbai
Pine Labs is one of the oldest FinTech startups in India. It was founded in 1998. Pine Labs is a payment technology application. It provides a merchant platform and makes software for point of sale machines. Pine Labs has over 70,000 retailers in India itself.
Furthermore, it is one of the first unicorn companies in India. It is upheld by the best investors, such as LonePine, PayPal, Temasek, Sequoia Capital, and more.
Pine Lab’s unique selling proposition is that they offer mPoS machines to businesses for easy payments. It also offers cashback on EMI’s to customers by paying through Pine Labs mPoS machine.
CRED
Founder: Kunal Shah
Year of Establishment: 2018
Total Funding: $471 Million
Location For Jobs: Bengaluru
It is one of the hottest startups in India right now. It has to be due to the founder Kunal Shah and crazy commercial ads. While most of the people know this company from its ads, very few people understand what it actually does!
It is a members-only credit card bill payment service. It rewards users for clearing credit card bills on time through the CRED application. However, the main goal is the organize all credit cards in one place.
This young startup is backed by Falcon Edge Capital, DST Global, Tiger Global, Greenoaks Capital, Sofina, and more.
CRED offers cashback and discounts on paying EMI’s, which makes it stand out from other big fintech startups.
Navi Technologies
Founders: Ankit Agarwal, Sachin Bansal
Year of Establishment: 2018
Total Funding: $582 Million
Location For Jobs: Bengaluru, Chennai
Navi Technologies is a Bengaluru-based startup in Banking, Financial Services & Insurance space.
One of the unique selling propositions of Navi Technologies is that they provide loans up to ₹5 lakh instantly. As per Navi Technologies, they offer loans in three minutes only.
Moreover, Navi Technologies is soon going to be on the unicorn startup’s list.
PhonePe
Founders: Sameer Nigam, Rahul Chari, Burzin Engineer
Year of Establishment: 2015
Total Funding: $1.4 Billion
Location For Jobs: Pune, Bengaluru
PhonePe is a mobile payment application. It allows us to transfer funds seamlessly at zero cost. It offers features such as UPI transfer, bank transfer, fraud detection, and more.
PhonePe has already grabbed its position in the list of unicorn companies. PhonePe got acquired by eCommerce giant Flipkart.
We don’t need to enter the account number or bank details for the money transfer. This makes this payment application distinctive from other digital wallets.
Paytm
Founders: Akshay Khanna, Vijay Shekhar Sharma
Year of Establishment: 2010
Total Funding: ₹2.2 Billion
Location For Jobs: Noida, Bengaluru, Mumbai
Paytm is India’s leading mobile payments and eCommerce platform. It allows us to transfer money instantly to anyone at zero cost. Paytm enables us to pay seamlessly at several places like taxis, petrol pumps, shops, restaurants, Kirana stores, etc.
Millions of users make payments instantly with Paytm. Moreover, Paytm is backed by prominent investors including SoftBank, Alibaba Group, Ant Financial, etc.
Paytm’s USP is that they offer huge discounts and cashback on payment transfers. Besides that, almost every business uses Paytm to accept payments. This makes Paytm more popular and convenient in the real world.
So there were some best FinTech startups in India.
