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A financial technology company, abbreviated as FinTech company, is a company that leverages technology to provide financial services like digital payments, mobile banking, lending, investing and cryptocurrencies. In this blog post, we shall provide you with the list of top 10 fintech companies in India.
Below, we have provided you with the list of top 10 fintech companies in India. All the companies mentioned in the list are key players in the fintech sector.:-
Year of Establishment: 2016
Groww is one of the top fintech companies in India. It was founded in 2016 by four former Flipkart employees, namely, Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh. Groww is basically a stockbroker and depository participant of CDSL (Central Depository Services Limited). It is registered with the Securities and Exchange Board of India. It is a member of the National Stock Exchange as well as the Bombay Stock Exchange. The company is headquartered in Bengaluru, Karnataka.
Groww provides an online investment platform for the investors. It allows them to invest in various financial products like stocks, mutual funds, ETFs, futures and options and Initial Public Offering. On top of that, Groww gives investors easy tools to open a Demat and trading account, track and analyze stocks, study the market and make transactions, whether they are doing a lump-sum investment or a SIP.
As for how Groww earns money, its main sources are brokerage fees from F&O and intraday trades, commissions it receives from asset management companies, and the interest it makes from certain credit products. The Groww company went public with a successful IPO in November 2025. This shows the strong trust investors have in Groww’s growth and in the overall Indian fintech space.
Year of Establishment: 2010
Zerodha is one of the best fintech companies in India. It was launched in 2010 by two brothers Nithin Kamath and Nikhil Kamath. Zerodha provides the investors with an online trading and investment platform where they can make investments in stocks, derivatives, ETFs, mutual funds and bonds. It is headquartered in Karnataka, Bengaluru. Zerodha is a Depository Participant with CDSL and is also a registered member of the NSE and BSE.
The company is widely known for its low cost, discount broking model as well as its smooth, easy-to-use trading platform Kite. Zerodha also offers a lot of educational material through Varsity, which has become one of the most popular resources for learning about the stock market. Plus, it runs a fintech fund called Rainmatter that helps support startups working in India’s capital markets.
When it comes to revenue, Zerodha earns mainly through brokerage fees on intraday and F&O trades. Apart from that, the company also makes money from interest on the unutilized funds kept in client accounts, DP charges on Demat accounts, and fees generated through partner platforms like Smallcase and Streak. It also receives exchange rebates for high trading volumes generated via its platform.
Year of Establishment: 2015
PhonePe, founded in 2015, is an Indian digital payments and financial technology company majorly owned by Walmart and is regulated by the Reserve Bank of India (RBI). It is regarded as one of the top 10 fintech companies in India. The PhonePe founders are Sameer Nigam, Rahul Chari and Burzin Engineer. It is headquartered in Bengaluru, Karnataka.
PhonePe offers many services to its users like sending and receiving funds, mobile and DTH recharges, water bill payment, electricity bill payment and in-store transactions. The fintech company has expanded to include more services like wealth management, e-commerce and insurance.
For the users, the direct UPI transactions via PhonePe app are free of cost. PhonePe earns its revenue from other areas, mainly by charging transaction fees to merchants, running promotional ads on the platform and cross-selling different financial products like insurance and investments.
Year of Establishment: 2014
Razorpay is one of the top fintech companies in India since its establishment in 2014. The founders of this company are Harshil Mathur and Shashank Kumar. Razorpay provides a platform to businesses for payment and banking. It also allows them to accept, process and disburse payments through various methods like UPI, credit card, netbanking and digital wallets.
Apart from payment processing, Razorpay also provides financial tools like business banking (RazorpayX), lending and financing (Razorpay Capital) and payroll management.
The headquarters of Razorpay is situated in Bengaluru, Karnataka. The CEO of Razorpay is founder Harshil Mathur and its Managing Director is founder Shashank Kumar.
Year of Establishment: 2018
It is one of the leading fintech companies in India. It was founded in 2018 by Ashneer Grover, Bhavik Koladiya and Shashvat Nakrani. The company provides various financial products as well as services for the consumers and the merchants. It is headquartered in New Delhi.
Some of the main offerings of the company are UPI QR code for payment acceptance, business loans and other services like point-of-sale machines and credit products. At BharatPe, merchants across India are at the core of everything the company does.
It recognizes that millions of small businesses in India require a financing partner capable of offering tailor-made solutions suited to their specific needs. It stands as a one-stop fintech destination in today’s time and empowers millions of merchants with easy-to-use, safe and reliable financial products.
Year of Establishment: 1998
PineLabs is a leading company in the fintech sector. It was founded in 1998 by Lokvir Kapoor, Tarun Upathdyay and Rajul Garg. It provides brands, merchants and banks with a tech platform where they can access digital payments as well as commerce solutions
PineLabs offers services for not just online transactions but also in-store transactions, including processing payments, providing gift card solutions and enabling options like Buy Now Pay Later and Equated Monthly Installments at the point of sale.
What’s more, the company also develops software and hardware like the Android-based POS machines to simplify and secure commerce for businesses. The corporate office of Pine Labs is in Noida, Uttar Pradesh. Its registered office is located in Gurugram, Haryana.
Year of Establishment: 2010
Paytm is perhaps the most popular fintech company in this entire list. It was founded in 2010 by Vijay Shekhar Sharma. He established Paytm as a digital payments and financial services company under its parent entity, One97 Communications. The Paytm company is headquartered in Noida, Uttar Pradesh.
The company offers mobile payment services to consumers and allows merchants to receive payments via QR code payment, online payment gateway, soundbox and android based payment terminal. It has partnerships with financial institutions and offers financial services like microcredit and buy now, pay now later to its consumers as well as the merchants.
The company also provides ticketing services, retail brokerage products and online games. In 2021, the parent company One97 Communications was listed on NSE and BSE after the IPO.
Year of Establishment: 2018
CRED is a fintech company that was founded in 2018 by Kunal Shah. It provides services through its CRED app. Some of the popular services are credit score tracking, curated offers and bill payments. The headquarters of CRED is located in Bengaluru, Karnataka. Its parent company is Dreamplug Technologies Private Limited.
The company teams up with luxury and premier brands to offer rewards. It also generates revenue by charging a small service fee on certain transactions like rent payment. It basically runs on a high-trust, credit-focused system.
It creates an ecosystem where consumers and merchants can interact around monetary transactions more smoothly. The company has also attracted a lot of big-name investors like Ribbit Capital, Peak XV Partners and Tiger Global. This shows how confident people are in its business model.
Year of Establishment: 2008
PolicyBazaar is one of the best fintech companies in India, and is the largest insurance aggregator in the country. It was founded in 2008 by Yashish Dahiya, Alok Bansal and Avaneesh Nirjar. They established the company with the aim to bring transparency within the Indian insurance market. Back then, this market was primarily driven by insurance agents.
The head office of the company is located in Gurugram, Haryana. The company began as an online platform to allow users to compare different insurance policies from different insurance companies. Since then, it has grown into a key multinational financial technology company in the fintech sector.
The company offers a full range of insurance and financial products like ability to search, buy and renew policies. It has also expanded to include services like online credit comparison. It has operations overseas in the United Arab Emirates.
Year of Establishment: 2009
MobiKwik, founded in April 2009, is one of the biggest fintech companies in India. It was founded by the husband and wife duo, Bipin Preet Singh and Upasana Taku. It’s best known for its mobile-based payment system and digital wallet.
Its headquarters is in Gurugram, Haryana. In 2013, the Reserve Bank of India approved the use of the MobiKwik wallet, and by May 2016, the company started offering small loans to consumers.
The MobiKwik app lets users do mobile recharges, DTH recharges and pay bills for electricity, gas, water, broadband and credit cards. On top of that, MobiKwik also offers various insurance products like accident, life and fire insurance.
In this blog post, we discussed the top 10 fintech companies in India. They are: (i) Groww, (ii) Zerodha, (iii) PhonePe, (iv) RazorPay, (v) BharatPe, (vi) PineLabs, (vii) Paytm, (viii) CRED, (ix) PolicyBazaar and (x) MobiKwik. All these companies are key players in the fintech sector of India.
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Q1. What are the top 10 fintech companies in India?
A. The top 10 fintech companies in India are: (i) Groww, (ii) Zerodha, (iii) PhonePe, (iv) RazorPay, (v) BharatPe, (vi) PineLabs, (vii) Paytm, (viii) CRED, (ix) PolicyBazaar and (x) MobiKwik.
Q2. Who founded PhonePe?
A. PhonePe was founded by Sameer Nigam, Rahul Chari and Burzin Engineer in 2015.
Q3. Which company is the largest insurance aggregator in India?
A. PolicyBazaar is India's largest insurance aggregator.
Q4. Who are BharatPe founders?
A. BharatPe founders are Ashneer Grover, Bhavik Koladiya and Shashvat Nakrani.
Disclaimer: This article is based on the author’s personal opinion and may or may not represent views of the general public, institutions or organizations.
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