Fintech Startups in Bangalore

In a market where traditional credit systems often overlook young adults, PayCrunch is bridging the gap by offering a UPI-based credit line specifically designed for college students. Founded in 2020 by Aman Bhayana and Meherdeep Thakur, PayCrunch has quickly gained traction with over 10,000 users, leveraging alternative credit scoring models to make financial management accessible and fun for the next generation. By integrating with UPI, PayCrunch provides a seamless and convenient payment experience, aiming to tap into the vast potential of India's growing BNPL market, projected to reach $45-50 billion by 2026. With a focus on gamifying user experience and rewarding responsible financial behavior, PayCrunch is poised to revolutionize the way young Indians manage their finances.

In a country where financial inclusion remains a significant challenge, Udhaar has been pioneering micro-credit solutions since 2017. Founded by Arpit and Saurabh Saxena, Udhaar aims to democratize access to credit for low-income groups in India. With a prototype-ready platform and a growing user base, Udhaar is not just a fintech startup but a beacon of financial empowerment for millions of underserved individuals. By offering microloans and instant credit, Udhaar helps users build a credit score, bridging the gap between financial services and those who need them most.

In a landscape where traditional banking often falls short in catering to the diverse financial needs of individuals, MoneyTap emerged as a game-changer in 2015. By pioneering India's first app-based personal credit line, MoneyTap revolutionized the way Indians access credit. With a user-friendly interface and a paperless process, MoneyTap has made it possible for salaried and self-employed professionals to borrow as little as ₹3000 or up to ₹5 Lakh, repaying in flexible EMIs. Having disbursed over ₹20 crore in Bangalore alone and achieving over 1 million downloads, MoneyTap has not only filled a critical gap in the financial ecosystem but also set a new standard for fintech innovation in India.

Curie Money is revolutionizing the Indian financial landscape by bridging the gap between liquidity and returns. Founded in 2022 by Arindam Ghosh and Tushar Choudhary, this Bengaluru-based fintech startup offers a unique banking solution that combines the higher returns of mutual funds with the convenience of traditional savings accounts. With a recent $1.2 million seed funding round led by India Quotient, Curie Money is poised to expand its team, accelerate product development, and drive strategic market penetration, particularly in the MSME segment. By integrating mutual fund investments with instant payment capabilities, Curie Money empowers users to maximize their wealth with ease and convenience.

In a bid to empower small and medium businesses across India, CashBook was founded in 2020 with a vision to simplify financial record-keeping and introduce essential financial services. Focused on tier 2-3 cities, CashBook aims to bridge the digital divide by equipping merchants with technology to scale their businesses. With a seed funding of $2.3 million and backed by Y Combinator, CashBook is on a mission to serve 70 million underserved Indian SMBs, leveraging increasing mobile penetration and digital infrastructure. By digitizing business records, CashBook is not just a tool but a catalyst for growth in the Indian SMB ecosystem.

New Street Tech is revolutionizing the way financial services operate by harnessing the power of blockchain, AI, ML, and IoT. Since its inception in 2017, the company has made significant strides in enhancing financial services such as banking, FAR (finances against remittances), and agricultural loans through its leading blockchain product, MiFiX. With a remarkable three-fold growth in revenue to Rs 36.9 crore in FY23 and a 4.8X spike in profits, New Street Tech is making a profound impact in the financial technology sector. By drastically cutting down technology maintenance overheads and operational costs, the company is setting new benchmarks in efficiency and innovation.

In the rapidly evolving fintech landscape of India, Volt Money emerged in 2022 with a bold vision to disrupt the lending space. By pioneering secured lending against mutual funds, an untapped asset class, Volt Money has carved out a unique niche for itself. With a recent funding of $1.5M and partnerships with key financial institutions like NSDL, DigiLocker, and CAMS, Volt Money is poised to revolutionize the way Indians access credit. By leveraging its first-mover advantage and expanding into other asset classes, Volt Money is set to make a significant impact in the digital lending sector.

In a world where earning money is hard but managing it can be even harder, MoMoney steps in to simplify everything related to your finances. Founded by a team of experienced FinTech professionals who have built and scaled platforms like smallcase, JUSPAY, Tickertape, and FamPay, MoMoney aims to help the next generation make the best use of their money from their first income to achieving financial independence and retiring early (FIRE). Backed by top investors and angels with over $500,000 raised in pre-seed funding, MoMoney is on a mission to revolutionize the way people manage and invest their money. With a strong founding team and a clear vision, MoMoney is poised to make a significant impact in the FinTech space.

In a journey that began in 2015, Cashfree Payments has rapidly ascended from a startup to one of India’s most successful fintechs. Founded by Akash Sinha and Reeju Datta, the company aimed to solve the challenges faced by businesses in bulk payments and disbursals. Today, Cashfree Payments processes transactions worth USD 40 billion annually, holds more than 50% market share of payment disbursals in India, and serves over 600,000 businesses with its comprehensive suite of payment solutions. With a vision to enable seamless digital payments, Cashfree Payments continues to innovate and advance the digital payments landscape in India and beyond.

In a country where small and medium businesses form the backbone of the economy, Khatabook has emerged as a game-changer by digitizing the traditional ledger system. Since its inception in 2018, Khatabook has revolutionized the way SMBs manage their finances, making it easier for them to track transactions, automate collections, and access financial services. With over 10 million monthly active merchants and a presence in 10,000+ towns, Khatabook has not only scaled rapidly but also fundamentally changed how this segment does business, aiming to become India’s largest SMB-focused bank. By empowering millions of business owners, Khatabook is on a mission to democratize access to credit, investing, and other financial services.

In a country where investing was once a daunting task for many, Groww has emerged as a game-changer. Founded in 2016 by four former Flipkart executives, Groww has democratized investing by making it accessible, transparent, and user-friendly. With a strong focus on customer obsession and a DIY model that empowers users to manage their own portfolios, Groww has captured the hearts of millions of Indians. Today, it stands as one of India's most popular investment platforms, witnessing a 200% growth in first-time customers during the pandemic and expanding its offerings to include stocks, digital gold, and US stocks.

In a country where retirement planning often takes a backseat, PensionBox is revolutionizing the way Indians prepare for their financial future. Founded in 2021 by Kuldeep Parashar and Shivam Parashar, PensionBox has quickly made a mark in the fintech sector with its innovative approach to pension management. With a strategic partnership with Pocket HRMS, the company is not only making retirement planning more accessible but also integrating it seamlessly into HR processes, thereby empowering businesses and their employees. Having raised $160K in funding, PensionBox is poised to transform the pension management landscape in India.

Born out of a personal need to help a family member manage receivable payments, Vyapar App has grown into one of India's leading accounting software stacks. Since its inception in 2017, Vyapar has revolutionized the way small and medium enterprises (SMEs) manage their finances, making accounting and billing simpler and more accessible. With a user base of over 1 crore SMEs, Vyapar has not only scaled rapidly but also made a significant impact on the Indian SME ecosystem. By providing a low-cost, user-friendly solution, Vyapar has democratized access to financial management tools, empowering SMEs across the country.

Smallcase is redefining the way Indians invest in the stock market. Founded in 2015 by three IIT Kharagpur graduates, the company has grown to become a leading fintech platform, offering a new generation of investors a seamless way to invest in the Indian equity markets. With over ₹90,000+ Cr transacted and a team of 350+ professionals, Smallcase has made investing accessible and transparent for millions. By providing curated investment portfolios, Smallcase has not only simplified investing but also empowered a new wave of investors to take control of their financial futures.

In a country where financial literacy and savings habits are often underdeveloped, Jar has emerged as a beacon of change. Founded in 2021 by Misbah Ashraf and Nishchay AG, Jar's mission is to inculcate the habit of savings and investments among Indians, thereby helping them achieve financial independence. With its revolutionary round-off method and seamless ease of use, Jar has quickly gained trust and traction with young earners, clocking an average of 220,000 daily transactions and serving over 9 million customers. By making savings and investments accessible and effortless, Jar is spearheading the Financial Fitness revolution for Bharat.

In a quest to transform India's digital payment landscape, Razorpay was born in 2014 when two IIT Roorkee graduates, Harshil Mathur and Shashank Kumar, decided to tackle the cumbersome payment processes plaguing small businesses and startups. From its humble beginnings in a single apartment with an 11-person team to becoming India's first full-stack financial solutions company, Razorpay has revolutionized the way businesses accept and disburse payments. With a valuation that has skyrocketed from $1 billion to $7.5 billion, Razorpay's impact on the Indian e-commerce ecosystem is undeniable, helping businesses like Oleum Cottage achieve a 54% increase in conversion rates and Fae Beauty reduce return rates by 33%. Today, Razorpay stands as a testament to innovation and perseverance in the Indian fintech space.

In the heart of Bangalore, a fintech revolution was brewing when Perfios was founded in 2007. With a vision to transform the financial services landscape, Perfios has grown into a powerhouse, enabling financial institutions to make informed decisions with its cutting-edge, real-time analytics and credit underwriting solutions. Today, Perfios serves over 1000 financial institutions across 18 countries, making it a pivotal player in the global fintech ecosystem. Under the leadership of CEO Sabyasachi Goswami, Perfios continues to innovate and expand its reach, making financial services more efficient and accessible.

In a country where financial inclusion is a pressing need, Axio has been a beacon of hope since its inception in 2013. Founded by Gaurav Hinduja and Sashank Rishyasringa, this Bengaluru-based fintech startup has revolutionized the way Indians access credit and manage their finances. With a customer base of over 15 million, including 9 million credit customers, and partnerships with renowned brands like Amazon and upGrad, Axio has not only scaled its operations but also made a significant impact on the Indian fintech landscape. By combining innovative products with robust underwriting and risk controls, Axio aims to unlock access to credit for the next 200 million customers across India.