3/10/2017 FintechstartupsinIndia|ListofFintechCompaniesinIndia

List of 25+ FinTech Startups in India 06

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FinTech - or Financial Technology - startups are the solution providers to your various
daily struggles. Using the most innovative methods, they manage to gure out the
simplest ways to deal with mundane issues. FinTech startups
(https://sutrahr.com/ntech-executive-search-recruitment) also provide business
solutions along with helping out the general masses. Take a look at this list of FinTech

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startups in India that are successfully helping out businesses and consumers on a
daily basis:

List of FinTech startups in Mumbai

1. FINO PayTech (http://www.nopaytech.com/)
Key People: Rishi Gupta.
Investors: Bharat Petroleum Corp.
Funding: USD 37.6M
Fino PayTech, a startup headquartered in Mumbai and founded in 2006, provides end
to end customer sourcing and servicing solutions to the banking sector. Theyre a
banking technology platform aimed at being the preferred choice for customers.

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2.ItzCash (http://itzcash.com/)
Key People : Naveen Surya
Investors : Matrix Partners
Funding : USD 25M
ItzCash were the rst to oer prepaid cash cards being a non-bank startup. They are
now Indias leading holistic payment solution company. Their aim is to empower
citizens to handle their money in a safe and convenient manner.

3.Mswipe (http://www.mswipe.com/)
Key People- Manish Patel
Investors : Matrix Partners India, Axis Bank
Funding : USD 25M
Mswipe is a point of sale (POS) payment solution. This Mumbai based FinTech startup
(https://sutrahr.com/ntech-executive-search-recruitment) helps vendors accept all
debit and credit card payments via their wisepad. The money then gets directly
transferred to their bank account.

4.Citrus Pay (http://www.citruspay.com/)

Key People : Amrish Rau, Satyen V Kothari, Jitendra Gupta
Investors :Ascent Capital, econtext Asia and Beenos Asia, Sequoia Capital
Funding : USD 32.5M
Citrus Pay is a payment gateway for merchants and a digital wallet for customers.

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Merchants can be assured their transactions are secure and payments can be
smooth. Citrus Pay is compatible with all devices like iOS, Android, Windows, etc.
Being a beloved app by its customers, Citrus Pay secured its spot in Mumbai
Coworkings list of FinTech startups in Mumbai.

5.MoneyOnMobile (http://moneyonmobile.in/)
Key People : Harold Montgomery.
Investors : Caplain Venture, Yes Bank
Funding : USD 10M
MoneyOnMobile, authorised by the RBI, has its reach in the remotest parts of the
country. They set up semi closed payment systems for registered users to purchase
goods and services from registered vendors.

6. Transerv (http://transerv.co.in/)
Key People : Anish Williams.
Investors : Faering Capital, IDFC SPICE Fund, Micromax Informatics
Funding : USD 15M
Founded in 2010, Transerv is a leading digital payment enterprise. Transerv launched
Indias rst social wallet, Udio, for sending and receiving money and gifts. Later, to
keep up with the customer demands, they added features like splitting bills, group
payments, recharge, utility bill payments, and much more.

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7. PayMate (https://www.paymate.in/)
Key People: Ajay Adiseshann, Probir Roy.
Investors : Kleiner Perkins Caueld & Byers, Mayeld Fund, Sherpalo Ventures
Funding : USD 14M
PayMate is a B2B payment platform that supports multiple forms like NEFT, cards,
netbanking, etc. Its easy to use and one can easily view all their records at one spot.
PayMate ensures the money is securely transferred directly to your business bank
account. Being a cloud based service, users can easily access all their information by
logging into any device.

8. Coverfox (https://www.coverfox.com/)
Key People: Varun Dua, Devendra Rane.
Investors : Accel Partners, SAIF Partners
Funding : USD 12M
Coverfox is a place for individuals to compare insurance prices before choosing what
suits them best. Coverfox displays the best oers to choose from that are suitable to
you. They provide car, health, travel, two wheeler insurance as well as insurance
renewal options.

9.Cogencis (http://cogencis.com/)
Key People: Pankaj Aher, Kalyanram Kodakalla.
Investors : Samara Capita

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Funding : USD 16.5

Cogencis Information Services Ltd. is an information services startup. It provides real-
time news on market data and nance to help discerning customers. They are a
customer driven business and have products that cater to the informational needs of
customers based on what they need. They do not believe in giving the customer
irrelevant information.

10. Heckyl (http://www.heckyl.com/)

Key People : Mukund Mudras, Som Sagar, Jaison Mathews, Abhijit Vedak.
Investors : IDG Ventures India, Seedfund
Funding : USD 4.75M
Heckyl, a nancial information platform, provides analytical services to investors,
researchers and traders. They provide market analysis, news analysis, sentiment
analysis, global market trends, and predictive data analysis. This helps them
understand the past and get insights for the future. They cover millions of news
sources globally to give you every detail you might need.

List of FinTech Startups in Bangalore

11. Capital Float (https://www.capitaloat.com/)
Key People : Sashank Rishyasringa, Gaurav Hinduja.
Investors : SAIF Partners, Sequoia Capital

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Funding : USD 41M

Capital Float was founded with the mission to help SMEs raise credit and grow their
business. They aim to eliminate the troubles like sky-high interest rates faced by
entrepreneurs trying to raise funds by oering them exible, short term loans.

12.Ezetap (http://corp.ezetap.com/)
Key People - Abhijit (Bobby) Bose, Bhaktha Keshavachar.
Investors : Helion Venture Partners, Social Capital,
Funding : USD 35M
Ezetap, founded by Abhijit and Bhaktha, is a POS card swiping solution for merchants.
They aim to be the go-to platform for businesses to carry out nancial transactions
using any method preferred by customers.

13. Tracxn (https://tracxn.com/)

Key People: Abhishek Goyal, Neha Singh.
Investors : Binny Bansal, Ratan Tata, Sachin Bansal
Funding : USD 13.5M
Tracxn, founded by investors from Sequoia Capital and Accel Partners, has the largest
team of Analysts tracking startups globally. Their technology platform tracks over 30+
million companies for Venture Capital and Corp Dev. Some of the 230+ sectors they
track include Enterprise Infrastructure, Enterprise Applications, Consumer, Retail,
Gaming, Technology, HealthTech, EdTech, Energy, Auto, and Food.

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14.Fintellix (http://ntellix.com/)
Key People:Vivek Subramanyam,Anup Pai
Investors : IDG Venture, Sequoia Capital
Funding :USD15M
Fintellix has built a platform in its 5th year of development. Two loosely coupled
components include DataHub and Data Platform. DataHub aggregates and organizes
rich, granular data from multiple resources. Data Platform provides a "codeless"
interface to convert the data into reporting outputs and submissions.

15. QwikCilver (https://qwikcilver.com/)

Key People : Pratap TP, Kumar Sudarsan.
Investors : Amazon, Sistema Asia Fund
Funding : USD 20M
Qwikcilver is a B2B startup that provides seamless, end-to-end store valued programs
and technology solutions. They have a Electronic Gift Card Management System that
helps support the prepaid gift card paradigm in India as well as Asia.

16. MoneyView (http://moneyview.in/)

Key People : Sanjay Aggarwal
Investors : Tiger Global
Funding : USD 8.50M
MoneyView, an extremely helpful app for people facing a cash crunch, helps you nd

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nearby ATMs with cash. MoneyView also has an app for money management. Easily
handle all your bill payments, track your spending patterns, view your current
balance, and also split bills with this app available on Google Play.

17. JusPay (https://juspay.in/)

Key People : Vimal Kumar, Ramanathan RV.
Investors : Accel Partners, Ashish Hemrajani
Funding : USD 5.82M
JusPay is a payment browser with an aim to revolutionize digital payments in India
with secure, reliable, ecient and cost eective solutions. Theyre powering payment
for some of the biggest companies like Amazon.in, BookMyShow, and Snapdeal, and
are one of the best in our list of FinTech startups (https://sutrahr.com/ntech-
executive-search-recruitment) in Bangalore.

18. CustomerXPs (http://customerxps.com/)

Key People : Rivi Varghese, Balaji Suryanarayana, Aditya Lal, Sandhya V
Investors : JAFCO Asia, Microsoft Accelerator
Funding : USD 4M
CustomerXPs, founded by Rivi, Aditya, Balaji, and Sandhya, oer Enterprise Financial
Crime Management (EFCM), Anti-money Laundering (AML), and Customer Experience

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Management (CEM) products for Tier-1 global banks. They aim to make software
products that are more Human like with real-time functions - i.e. a right brain
software.

19. ComplyGlobal (http://www.complyglobal.com/)

Key People : Suryaprakash Kukyan, Kishore Mirchandani, Rupesh Kakarai, Sandeep
Sahadevan, Ashwin Uttamchandani.
Investors : IBCC, Tribeca Angels
Funding : USD 2.5M
ComplyGlobal, a cloud-based software, is a real-time compliance platform that helps
you govern and track your regulatory requirements. Their list of features include
compliance updates, global proactive control, scalable platform, and task
management and workow.

20. BankerBay (https://www.bankerbay.com/)

Key People: Romesh Jayawickrama.
Investors : David Toh, Ernst & Young, Nomura Securities
Funding : USD 5M
BankerBay is the rst deal origination platform in the world. With a simple 3-5 minute
process, they help corporates raise capital by connecting them to the relevant
providers of capital. Members can also buy and sell companies, locate potential
investments and new clients using BankerBays complex algorithmic approach.

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List of FinTech Startups in Chennai

21.BankBazaar (https://www.bankbazaar.com/)

Key People : Adhil Shetty, Arjun Shetty, Rati Shetty.

Investors : Sequoia Capital, Walden International
Funding : USD 79.75M
BankBazaar, true to its name, enables users to search and compare nancial
products for free before applying. Members can apply for loans for their car,
education, home, etc. They also oer applications for debit and credit cards along
with insurance and investments. Providing a one-stop solution to all banking queries,
theyve earned their spot as one of the best in our list of FinTech startups in Chennai.

22. Chargebee (https://www.chargebee.com/)

Key People : KP Saravanan, Thiyagarajan T, Rajaraman Santhanam, Krish
Subramanian
Investors : Accel Partners, Tiger Global Management
Funding : USD 6.17M
Chargebee, founded in 2011 and backed by Accel Partners and Tiger Global, helps
you handle recurring payments. Once you enter your card details, Chargebee
automatically handles any subscriptions, recurring payments, invoicing, etc. They
support top payment gateways in 50+ countries like PayPal and wepay.

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23. CreditMantri (https://www.creditmantri.com/)

Key People : Sudarshan R, Gowri Mukherjee, Ranjit Punja
Investors : Accion Venture Lab, Elevar Equity, IDG Ventures India
Funding : 2.5M
CreditMantri helps users understand everything they need to know about credits and
get their CIBIL score and maximize their credit potential. Theyve delivered many rsts
in the market such as a real-time rule engine which matches with lender credit criteria
and borrower credit prole.

24.FundsIndia (https://www.fundsindia.com/)
Key People - C.R. Chandrasekar, Srikanth Meenakshi.
Investors : Inventus Capital Partners, Foundation Capital, Faering Capital
Funding : USD 15.41M

FundsIndia is Indias rst online-only investment platform. They provide investors

access to a wide range of investment products like mutual funds. They also give you
access to stocks from the BSE, and various other investment products in one
convenient online location.

Other Top FinTech Startups in India:

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25.Faircent (https://www.faircent.com/)
Key People - Rajat Gandhi , Vinay Mathews, Nitin Gupta.
Investors : Brand Capital, JM Financial
Funding : USD 5.75M
Faircent, a Gurgaon-based FinTech startup, provides a virtual marketplace where
borrowers and lenders can interact directly to carry out peer to peer lending. They
eliminate nancial intermediaries like banks who earn high margins on your
transactions. Though not a part of the other major lists, it has earned its spot in our
list of FinTech startups in India.

This list of FinTech startups (https://sutrahr.com/ntech-executive-search-

recruitment) in India are on a mission to bring a change and solve a variety of
problems faced by people. From business issues to investments and individual wealth
management problems, theres a solution to everything. With the growing digitization,
the coming years are going to witness a massive advancement in the FinTech startup
industry. There are many more FinTech startups to look out for and we will keep this
list updated with the same. If you think weve missed out on a startup, do let us know
in the comment section below.

If youre a FinTech startup looking to expand, give us call at +91 87 67 427 427
(tel://+918767427427)or email us at buzz {@] sutrahr.com
(mailto://buzz@sutrahr.com)and well help you out!

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(1216)

ntech startups in bangalore (https://sutrahr.com/tag/ntech-startups-in-bangalore), ntech startups in chennai

,
(https://sutrahr.com/tag/ntech-startups-in-chennai) ntech startups in mumbai (https://sutrahr.com/tag/ntech-startups-in-mumbai)

Ankkita Chauhan (https://sutrahr.com/author/ankkita-chauhan)

| Blog (https://sutrahr.com/category/blogs2) | January 6, 2017 3:51 PM 0 Comments (https://sutrahr.com/list-ntech-startups-

india#disqus_thread)
(mailto:?
subject=List+of+25%2B+FinTe
About The Author
fintech
Ankkita Chauhan
startups
india)
(https://sutrahr.com/author/ankkita-chauhan) - They say 'Never judge a
book by it's cover' and the same goes for Ankkita, tiny human with a
huge imagination. Chocolate runs in her veins, can't cook to save her
life but can eat like a champion. Writing is her escape from the world or

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it's like living in Narnia as she calls it. Music, books and chocolate are
three words that can sum up her life.

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