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Fintech companies have brought a great transformation to traditional banking operations, and now many of its segments like fundraising, investment administration, education, and retail banking have become part of fintech. With the help of a financial software development company, fintech firms build algorithms and softwares that manage all the financial operations in the industry. 

Apart from that, fintech has opened up another front known as digital currencies. And India is not left behind by any of these new trends. The fintech companies in India are leveraging the latest technologies to improve outdated and ineffective financial processes like the loan approval process. This helps lenders speed up the processing time and simplify the policies as well.  

The great success of digital payments in India is also because of its fintech companies. And that gave them an advantage over traditional banks. Now, this influenced the major banks to step up their efforts and digital offerings too. Here, in this article, we are going to talk about these top fintech companies in India that are revolutionizing the finance world. 

The Best Fintech Companies in India

1. BharatPe

BharatPe is an online platform that provides its users with a variety of services. It offers loans to individuals and businesses, which can be used for various purposes. They also provide several insurance products including car insurance, health insurance, and life insurance. 

The company was founded by a team of entrepreneurs who were inspired by the government’s vision of digital India. Their goal is to make the internet accessible to everyone in India. They are already working on plans for a global presence, with offices in the U.S., UK, and Singapore.

BharatPe is a unique Jan-Dhan Yojana (JDY) bank account with zero balance. The idea is to provide a banking service to the unbanked. It is a small bank account that can be opened online in as little as 15 minutes.

The bank account will also have an overdraft facility which can be used for daily expenses like food, clothing, etc., and even for emergencies.

2. Incred

Incred is a financial technology company that aims to make banking simple and accessible for all. Founded in 2014, the company has been operating with the aim to make banking simple for all and help customers understand their finances better.

The platform offers an array of products across different segments such as personal finance, credit cards, insurance, loans, and investments. It also provides financial consulting services through its mobile app ‘Incred’.

Incred’s product portfolio includes personal finance management apps (Incred Wallet), credit cards (Incred MasterCard), insurance (Insureon), smart loans (Infiniti Loan), investment (Infiniti Investment) and debit cards (Visa Infinite).

Incred also helps you to invest your money by giving you a good ROI. They provide a large array of investment options that suit every type of investor. Here are some details:

  • Incred offers an exciting opportunity to invest in the stock market, mutual funds, fixed deposits, and gold.
  • The platform allows users to get a high return on their investments by taking advantage of the company’s investment methods.
  • Users can access Incred’s services through their mobile app or website.
  • The platform also provides information about various financial products available in India as well as abroad.

3. Groww

Groww is a cloud-based financial planning tool that helps you manage your finances. Their comprehensive offerings help you keep track of your finances. 

Groww has been built with the goal of simplifying the process of budgeting, saving, and investing by making it easier for users to monitor their finances via its intuitive dashboard. The app allows users to create investment portfolios, track savings goals, analyze their spending patterns and make informed decisions about how they want to invest their money.

Groww helps people in the adoption of digital money like Paytm and credit cards. Groww is also working with banks to provide financial services to their customers. Groww has partnered with HDFC Bank, ICICI Bank, Axis Bank, and SBI for their operations.

Groww also offers an array of tools such as a calculator for calculating investment returns and an expense tracker for keeping tabs on monthly spending.

4. Lendingkart

Lendingkart is a peer-to-peer (P2P) lending platform that lets you lend your money to individuals and businesses. It’s like borrowing from friends and family, except that you can choose the people with whom you work. Lendingkart scores well on transparency and safety and has an impressive track record in good customer service.

Lendingkart was founded in 2013 by Gaurav Gupta and Shashank Gupta. They have raised $20 million from SoftBank Ventures and Sequoia Capital. It has been recognized as one of the fastest-growing fintech companies in India by CNBC-TV18’s “Fintech 50: Top Companies” list in 2017.

Lendingkart also offers a wide range of loan products, including personal loans, business loans, credit cards, home loans, consumer loans, and more. You can choose between a fixed rate or floating rate repayments or both with flexible repayment options for easy flexibility in managing your finances!

It has partnered with several leading banks in India such as HDFC Bank, ICICI Bank, Axis Bank, and many others to make sure that its customers have access to all kinds of financial products at competitive rates.

5. Mintoak

Mintoak is a fintech startup that aims to provide a platform for users to create and manage their investment portfolios. They also deal in online brokerage which allows their customers to buy bonds, stocks, and other securities. Mintoak also provides basic financial services like savings accounts, insurance, loans, and payment solutions. 

Mintoak has tie-ups with mobile carriers and banks to provide remittance services. The company claims to have served over 4 million users in India since its inception in 2015. The company has raised $2 million (INR 12 crore) in angel funding from venture capital firm Blume Ventures and existing investors such as Nexus Venture Partners and Blume Ventures among others. 

Mintoak has also partnered with several Indian banks including HDFC Bank, Allahabad Bank, ICICI Bank, Federal Bank Limited, and Yes bank for the onboarding of customers on its platform.


Experts say that fintech startups in India will grow both vertically and horizontally. And the key factor here will be the ability to access the latest technologies. As soon as people get access to such technologies and they start trusting these companies with their money to save, trade or invest, fintech companies in India will grow vertically. 

If India somehow manages to unlock its potential and matures financially in the process, it would already achieve a great deal of economic growth. I hope that you like this blog with the top 5 fintech companies in India. Tell me which one catches your attention the most. Also, if you have any more names or other suggestions then please share them in the comments section below. 

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