69 Best Financial Services Startups in India to Watch in 2025

The Definitive Seedtable Ranking of Financial Services Startups in India

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 125 start-ups with an aggregate funding of $12.3b. The average funding per company in this subset is $178.6m.

Last update to the database: Feb 18, 2025. See changelog.

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3

Funding Rounds

$137.0m

Money raised

Upstox is an India-based investment platform founded by Shrini Viswanath, Ravi Kumar, Kavitha Subramanian, and Raghu Kumar.

Location:

Key people:

7

Funding Rounds

$875.5m

Money raised

C3 AI is an enterprise artificial intelligence software company providing a family of integrated products for accelerating digital transformation.

Key people:

6

Funding Rounds

$100.9m

Money raised

AppZen is a San Jose, California-based company that provides an AI-based auditing platform for finance teams.

9

Funding Rounds

$363.2m

Money raised

Tala is a financial technology company with a mobile application to manage personal loan. Founded in 2011 and has headquarters in Santa Monica, California.

10

Funding Rounds

$1.7b

Money raised

A financial technology company providing payments solutions that allow businesses to accept, process and disburse payments.

Location:

Key people:

11

Funding Rounds

$588.7m

Money raised

Branch offers microloans through a free-to-download Android app in emerging markets.

9

Funding Rounds

$87.8m

Money raised

Everledger is a supply chain and asset tracking company using blockchain to store records of valuable assets like diamonds.

Location:

Key people:

9

Funding Rounds

$672.5m

Money raised

BharatPe is a financial technology company specializing in developing payments solutions.

3

Funding Rounds

$175.0m

Money raised

Turtlemint is a Mumbai-based insurance technology company providing a platform to facilitate the process of buying and managing insurance policies.

Location:

Key people:

5

Funding Rounds

$107.6m

Money raised

NeoGrowth is an India-based digital lending platform focused on lending to small and medium business.

4

Funding Rounds

$7.0m

Money raised

Instamojo is a company founded in 2012 by Sampad Swain.

6

Funding Rounds

$496.0m

Money raised

Clari helps B2B organizations increase win rates, shorten sales cycles, improve forecast accuracy and drive full funnel accountability across their revenue engine.

10

Funding Rounds

$162.5m

Money raised

MobiKwik is a Gurgaon-based company founded in 2009 by Anjali Singh.

6

Funding Rounds

$115.0m

Money raised

BankBazaar is a Chennai-based company offering comparison and choice of insurance and financial products.

3

Funding Rounds

$264.0m

Money raised

Policybazaar is a company operating as an insurance aggregator website. It provides comparative analysis of insurance products and financial services from insurance companies.

6

Funding Rounds

$274.2m

Money raised

National Stock Exchange of India is a stock exchange located in mumbai, india founded in 1992.

7

Funding Rounds

$234.2m

Money raised

Lendingkart Technologies is an Ahmedabad-based financial technology company developing tools for alternative data analysis and offering working capital loans for small businesses.

3

Funding Rounds

$89.7m

Money raised

A company offering a family-oriented payment application that enables teenagers to receive money from their parents and spend it digitally without opening a bank account.

2

Funding Rounds

$460.0m

Money raised

India's Indifi Technologies is a tech-enabled debt financing platform for small business with industry-specific financial solutions.

Location:

Key people:

4

Funding Rounds

$186.5m

Money raised

Khatabook is a software development company based in Bangalore, India, that provides a digital ledger app for micro-, small-, and medium-sized enterprises.

12

Funding Rounds

$202.0m

Money raised

Capital Float is a Bangalore-based online platform providing working capital financing to small and medium enterprises in India.

1

Funding Rounds

$21.0m

Money raised

A financial technology company offering an online investment platform.

2

Funding Rounds

Through our robust framework of more than 10000+ Customer service points, we aim to provide end-to-end banking services to rural India, which comprises 80% of India’s total population. With an objective of inclusive growth, our retail Customer Service Points, shall offer all banking services offered in a ‘Brick and Mortar’ branch.

1

Funding Rounds

$90.0m

Money raised

FlexiLoans is a financial services company.

4

Funding Rounds

$461.0m

Money raised

Platform providing a seamless, secure, and easy-to-use bridge between digital and traditional assets.

Location:

Zug

Key people:

2

Funding Rounds

$3.0m

Money raised

Stack, also known as Stack Finance, is a Bengaluru, India-based mobile application company developing a personal finance application to help users budget.

Location:

Key people:

7

Funding Rounds

$2.5m

Money raised

ArtiVatic.ai developed an artificial Intelligence for insurance for on-boarding, fraud, risk profiling, underwriting & claims.

Location:

Key people:

8

Funding Rounds

$530.1m

Money raised

A Fairfax backed company, started by Kamesh Goyal, Digit is here To Make Insurance Simple. With that as our mission, we are reimagining products and redesigning processes. We are going back to the basics and building simple and transparent insurance solutions, that matter to people. We call our employees, Simplifiers because that is their ultimate goal here. Our Chief Simplifiers are from insurance, tech and e-commerce, helping us shape this digital-first company. If you can think big but simple, hop on with us on this journey to change the insurance industry. You can

5

Funding Rounds

$636.0m

Money raised

A company offering a members-only mobile application that rewards users for paying off their credit cards.

Location:

Key people:

5

Funding Rounds

$700.0k

Money raised

Eunimart is an AI technology company focusing on supply chain automation.

3

Funding Rounds

$110.0m

Money raised

Open is a neobank based in India offering Business accounts including a debit card, with all transactions being managed from an iPhone or Android application. Open currently accepts to open mobile bank accounts for residents of India.

1

Funding Rounds

$41.9m

Money raised

InCred is a Mumbai-based company offering a financial services platform that utilizes technology and data-science to simplify the lending process.

1

Funding Rounds

$85.6m

Money raised

Saxo Bank is an Hellerup, Denmark-based company founded in 2023 by Lars Seier Christensen.

Location:

Key people:

3

Funding Rounds

$315.0m

Money raised

StashFin is a unique neo-banking platform with a mission to deliver seamless, transparent and efficient financial services to everyone.

Location:

Key people:

2

Funding Rounds

$40.8m

Money raised

CashFree is a digital payments provider in India founded in 2015 by Reeju Datta.

Location:

Key people:

10

Funding Rounds

$607.5m

Money raised

Creating a complete automotive ecosystem in India and Southeast Asia for car buying, selling, financing, and insuring

3

Funding Rounds

$35.4m

Money raised

Jai Kisan is a finance platform that serves rural emerging markets with long-term funding.

Location:

Key people:

10

Funding Rounds

$595.3m

Money raised

Five Star provides Small Business loans and Small Mortgage loans to eligible borrowers to meet their business and personal needs, after due underwriting of their cashflows and backed by the collateral of their house property.

1

Funding Rounds

$150.0k

Money raised

Kosh (micro-loan platform) develops community-based credit facilities.

Location:

Key people:

3

Funding Rounds

$117.0m

Money raised

INDmoney is a mobile app that consolidates and manages finances in one place.

Location:

Key people:

1

Funding Rounds

$1.7m

Money raised

goDutch is a financial services company that automates bill splitting founded by Sagar Sheth, Riyaz Khan and Aniruddh Singh.

2

Funding Rounds

$54.0m

Money raised

In India, Simpl is the most popular Pay-Later platform.

Location:

Key people:

3

Funding Rounds

$32.0m

Money raised

Klub is a fintech play providing growth financing to high-affinity brands. Klub’s investment platform, which utilizes financial innovation, community engagement, and deep data-driven analytics, provides skin-in-the-game growth capital to entrepreneurs of much-loved brands across sectors.

6

Funding Rounds

$142.0m

Money raised

Annapurna Finance is an India-based company founded in 2009 by Gobinda Chandra Pattnaik.

2

Funding Rounds

$294.0k

Money raised

A company offering a video analytics and surveillance platform for real-time analysis of heightened security situations such as military bases, airports, and logistics centers.

Location:

Key people:

2

Funding Rounds

$82.5m

Money raised

OKCredit provides a mobile-based credit account management solution for shop owners and their customers.

5

Funding Rounds

$217.0k

Money raised

KyePot is a Mumbai-based mobile platform offering users social financial services, including community-based saving, lending, and borrowing facilities.

3

Funding Rounds

$87.4m

Money raised

JUSPAY is a company founded in 2012 by Vimal Kumar.

2

Funding Rounds

$17.3m

Money raised

Happay is an artificial intelligence-powered business expenditure management software that helps companies automate their cost management processes.

3

Funding Rounds

$106.2m

Money raised

Refyne is India's first Earned Wage Access platform, on a mission to simplify and help improve personal finances

Location:

Key people:

5

Funding Rounds

$13.9m

Money raised

Satya MicroCapital is a micro finance company based on a group lending model that allows borrowers to share liability.

Location:

Key people:

10

Funding Rounds

$40.0m

Money raised

Electronic Payment and Services is a payment systems company that offers payments services to banks and their customers.

1

Funding Rounds

$31.0m

Money raised

FinancePeer is an artificial Intelligence company founded in 2017 by Naveesh Reddy.

Location:

Key people:

1

Funding Rounds

$5.5m

Money raised

Eko India Financial Services is a New Delhi-based company founded in 2007 by Abhinav Sinha, Abhishek Sinha, Sanjay Bhargava and Manoranjan Kumar.

3

Funding Rounds

$50.0m

Money raised

Mswipe is a company founded in 2011 by Manish Patel.

Location:

Key people:

2

Funding Rounds

$382.0m

Money raised

Jar is a company founded in 2021 by Misbah Ashraf.

1

Funding Rounds

$40.0m

Money raised

smallcase is a new way to invest in the stock markets. Get started at smallcase.com We are a financial technology company, focused on democratizing equity investing, started in 2015 and are based out of Bangalore We are looking for smart, fun folks to join our team. Write to us at [email protected]

Location:

Key people:

5

Funding Rounds

$29.6m

Money raised

OneAssist is a protection & assistance services platform.

8

Funding Rounds

$18.1m

Money raised

Lucideus is a New Delhi-based company founded in 2012 by Saket Modi.

Location:

Key people:

1

Funding Rounds

$40.0m

Money raised

We’re a smart, contemporary lending firm that uses technology to make loans simpler, faster, and more accessible for our customers. What does that mean? Minimum paperwork. Faster sanctions. Maximum peace of mind! Sounds too good to be true? Reach out to us and we’ll convince you!

5

Funding Rounds

$70.2m

Money raised

Innoviti Payment Solutions Pvt Ltd is an India-based company founded in 2002 by Rajeev Agrawal.

3

Funding Rounds

$3.0m

Money raised

Indianmoney.com is a Bangalore-based company founded in 2008 by Rahul Singh.

2

Funding Rounds

$2.3m

Money raised

KarmaLifeAI is a digital solution for the financial well being of blue-collar gig workers and micro-business.

Location:

Key people:

1

Funding Rounds

$12.0m

Money raised

Lysto is a company founded in 2021.

6

Funding Rounds

$3.7m

Money raised

ZipLoan is a company founded in 2015 by Shalabh Singhal.

2

Funding Rounds

threedots is where early traders and experienced investors meet and mint together.

2

Funding Rounds

$51.0m

Money raised

True Balance is a company founded in 2014 by Cheolwon Lee.

1

Funding Rounds

$4.0m

Money raised

Easebuzz is a Pune-based company founded in 2015 by Rai Rohit Prasad.

6

Funding Rounds

$49.0m

Money raised

Veritas Finance focuses on providing loans to meet the financial needs of micro, small, and medium-sized businesses.

Location:

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