Top 10 Fin-Tech Company in India | Complete Analysis of Fintech Industry

As Per New Research Report Indian Economy is one of the Fastest Growing Economy in the world. And as per several reports India is a one of the top most active growing Fin-Tech Market of world and Fin-Tech have in top 3 For Fundraising. And if we see report then we can find several reports about this and one of them pics included below –

And Several Other Reports Showing that Fin-Tech is most attractive and highly growing industry in India. So We are mentioning Top 10 Fin-Tech Company of India. In which few made milestone and have in the way to make a milestone. So Let’s See that List…

Top 10 Fin-Tech Company in India

1. PayTm

Paytm is leading FinTech company in India. It was founded by Mr. Vijay Shekhar Sharma in August 2010 and is based out of Delhi NCR, India. Paytm is available and working in 10 regional languages.

 

Paytm also offers online services like mobile recharges, utility bill payments, travel, movies, and events bookings, shopping, school fee as well as in-store payments at grocery stores, fruits and vegetable shops, restaurants, parking, tolls, pharmacies and education institutions with the Paytm QR code or Paytm ID which registered or used mobile number. As of January 2018, Paytm is valued at $10 billion. PayTm raised total funding 2.77 Billion.

 

2. ItzCash

Itzcash Launched in 2006, ItzCash Card Ltd. has evolved from being India’s first and largest non-bank entity to offer prepaid cash cards to presently, the leading holistic payments solutions company. It’s first company which has been issued the Certificate of Authorization, by the Reserve Bank of India (RBI) under the Payment and Settlement.

Over the last 8 years ItzCash has helped create deeper significance in the lives of its consumers and thereby added to the Government’s vision of ‘inclusive growth’ amongst all its citizenry. ItzCash raised funding 174 Million.

 

3. Mobikwik

Mobikwik stablished in 2009 that provides a mobile phone based payment system and digital wallet. Customers add money to an online wallet that can be used for payments. In 2013 the Reserve Bank of India authorized the company’s use of the MobiKwik wallet.

And in May 2016 the company began providing small loans to consumers as part of its service. In November 2016, the company reported having 1.5 million merchants using its service and a user base of 55 million customers MobiKwik raised funding 161.8 Million.

 

4. Financial Software and Systems

Financial Software & Systems Pvt. Ltd. provides electronic payment and financial transaction processing solutions and services worldwide. Its products include card management, merchant management, reconciliation and settlement, settlement and dispute management systems, mobile payments, financial inclusion, messaging middleware, and value added solutions.

The company also offers software services, which include systems integration, offshore development, project management and implementation, migration and upgrade, testing and certification, application testing, onsite technical support, and 24/7 global helpdesk support services. Financial Software and Systems raised funding of 95.5 Million.

 

5. Capital Float

Capital Float is a NBFC founded in 2013. Capital Float is an online platform that provides working capital finance to SMEs in India and offer flexible, short-term loans that can be used to purchase inventory, raw material, service new orders or optimize cash cycles.

In Capital Float website Borrowers can apply online, accept T&C and receive funds in their bank accounts in 7 days. Capital Float raised funding 88.5 Million.

 

6. Bank Bazaar

BankBazaar is an online financial marketplace that gives consumers access to customized Interest rate quotes on loans, credit cards or personal finance products like insurance policies, bank loans and credit card offers. Bankbazaar was Founded by Mr. Adhil Sheety in 2008. BankBazaar raised funding 79 Million.

 

7. Policy Bazaar

Policybazaar is India’s largest and leading insurance aggregator website. We are specialized in making comparative analysis of the insurance products of various insurance policies based on price, quality and key benefits. Our unique comparative system boosts our credibility.

We empower customers with comparative and accurate information on Insurance products combined with solution driven customer service. Our technology backed service is convincing and adds value to our customers. PolicyBazaar raised funding 69.78 Million.

 

8. MSwipe

MSwipe is India’s largest independent mobile POS merchant acquirer & network provider. MSwipe is started serving the smallest of merchants. Right Now in India currently has 12-15 million SMEs and Mobile POS is the only channel which can efficiently link these SMEs to mainstream financial services & digital commerce.

MSwipe aims to provide seamless mobile POS solutions to such merchants across India and create India’s largest financial services platform for SMEs. MSwipe raised funding 56 Million.

 

9. FairCent

Faircent is India’s first peer-to-peer (P2P) lending platform to receive a Certificate of Registration (CoR) as an NBFC-P2P from the Reserve Bank of India (RBI). Faircent helps in eliminating the high margins which intermediaries like banks and financial institutions make on our transactions.

Banks have massive overheads, with thousands of employees to pay and hundreds of branches to maintain. Whereas at Faircent.com people who have spare money lend it directly to people who want to borrow. There are no banks in the middle, no huge overheads. FairCent raised funding 5.75 Million.

 

10. Afinoz Digitalizing Finance

Afinoz Digitalizing Finance was Founded in 2016 and it is an online financial marketplace which offers an absolute spectrum of financial products and services ranging from retail lending services such as Personal Loan, Car Loan, Home Loan, Business Loan, Loan Against Property etc. Afinoz Also Deals in services of investments domain like mutual funds, fixed deposits etc.