Top 10 Financial Inclusion Startups in India
Paytm:
Originally known for mobile payments, Paytm has expanded into a full-service financial platform offering banking, lending, and insurance products.
Company Name | Paytm |
---|---|
Founded | 2010 |
Founders | Vijay Shekhar Sharma |
Headquarters | Noida, Uttar Pradesh, India |
Industry | Financial Technology (Fintech) |
Products | Mobile wallet, Payments Bank, Financial Services (banking, lending, insurance), E-commerce platform |
Key Features | Mobile payments, QR code payments, Online transactions, Bill payments, Investment services |
Website | paytm.com |
Paytm, originally launched as a mobile payments platform, has evolved into one of India’s leading fintech companies offering a wide range of financial services aimed at enhancing financial inclusion and digital payments across the country.
PhonePe:
A digital payments platform that provides a range of financial services including money transfers, bill payments, and investment options.
Company Name | PhonePe |
---|---|
Founded | 2015 |
Founders | Sameer Nigam, Rahul Chari, and Burzin Engineer |
Headquarters | Bangalore, Karnataka, India |
Industry | Financial Technology (Fintech) |
Products | UPI payments, Digital wallet, Recharge & bill payments, Mutual funds investment, Insurance |
Key Features | UPI-based payments, QR code payments, Mobile recharge, Bill payments, Mutual fund investments, Insurance |
Website | phonepe.com |
PhonePe is one of India’s leading digital payment platforms, leveraging UPI (Unified Payments Interface) to offer a wide range of financial services to its users, including payments, investments, and insurance.
BharatPe:
Focuses on empowering small merchants with payment solutions and working capital loans, promoting financial inclusion among small businesses.
Company Name | BharatPe |
---|---|
Founded | 2018 |
Founders | Ashneer Grover, Shashvat Nakrani |
Headquarters | New Delhi, India |
Industry | Financial Technology (Fintech) |
Products | QR code-based payments, UPI payments, Loans for merchants |
Key Features | QR code payments, UPI payments, Merchant loans, Cashback and rewards for transactions |
Website | bharatpe.com |
BharatPe focuses on providing digital payment solutions and financial services tailored for small merchants in India. It enables businesses to accept payments through QR codes and also offers loans to merchants to facilitate business growth.
Jio Payments Bank:
Part of Reliance Jio, it aims to provide banking services to rural and underbanked populations using digital technology.
Company Name | Jio Payments Bank |
---|---|
Founded | 2018 |
Parent Company | Reliance Industries Limited |
Headquarters | Mumbai, maharashtra, India |
Industry | Banking, Financial Technology (Fintech) |
Products | Savings accounts, Current accounts, Payments services |
Key Features | Digital banking services, UPI payments, Online and mobile banking |
Website | jiomoney.com |
Jio Payments Bank is a subsidiary of Reliance Industries Limited, offering digital banking services primarily through mobile and online platforms. It focuses on providing easy access to banking services, especially targeting rural and underbanked populations in India.
MobiKwik:
Offers a mobile wallet and digital payment platform with services like bill payments, recharge options, and digital loans.
Company Name | MobiKwik |
---|---|
Founded | 2009 |
Founders | Bipin Preet Singh, Upasana Taku |
Headquarters | Gurugram, Haryana, India |
Industry | Financial Technology (Fintech) |
Products | Digital wallet, Payment gateway, UPI payments, Bill payments, Recharge & top-ups, Mutual funds |
Key Features | Mobile wallet, UPI-based payments, Bill payments (electricity, water, gas, etc.), Online and offline merchant payments, Insurance, Loans |
Website | mobikwik.com |
MobiKwik is a leading digital wallet and payment platform in India, offering a wide range of financial services including digital payments, bill payments, recharge options, and even financial products like mutual funds and insurance.
Aye Finance:
Provides customized business loans to micro-enterprises using innovative credit assessment methodologies, targeting underserved sectors.
Company Name | Aye Finance |
---|---|
Founded | 2014 |
Founder | Sanjay Sharma |
Headquarters | Gurugram, Haryana, India |
Industry | Financial Services, Fintech |
Products | Business loans for micro-enterprises |
Key Features | Customized business loans, Credit assessment based on innovative methodologies, Financial inclusion for underserved sectors |
Website | ayefin.com |
Aye Finance specializes in providing business loans to micro-enterprises in India. It focuses on using innovative credit assessment methodologies to extend financial services to underserved sectors, contributing to greater financial inclusion in the country.
Lendingkart:
Uses technology and big data analytics to provide working capital loans to small businesses quickly and efficiently.
Company Name | Lendingkart |
---|---|
Founded | 2014 |
Founders | Harshvardhan Lunia, Mukul Sachan |
Headquarters | Ahmedabad, Gujarat, India |
Industry | Financial Technology (Fintech), Online Lending |
Products | Working capital loans for small businesses |
Key Features | Automated loan processing, Quick disbursal of loans, Data-driven credit assessment |
Website | lendingkart.com |
Lendingkart is a fintech company that specializes in providing working capital loans to small businesses in India. It leverages technology for automated loan processing and data-driven credit assessment to offer quick and efficient loan disbursals to its customers.
NeoGrowth:
Specializes in providing growth capital loans to merchants who accept card payments, focusing on unsecured lending.
Company Name | NeoGrowth |
---|---|
Founded | 2012 |
Founders | Dhruv Khaitan, Piyush Khaitan |
Headquarters | Mumbai, Maharashtra, India |
Industry | Financial Technology (Fintech), Digital Lending |
Products | Growth capital loans for merchants accepting card payments |
Key Features | Unsecured lending, Merchant cash advance, Tailored financial solutions |
Website | neogrowth.in |
NeoGrowth specializes in providing growth capital loans to merchants in India who accept card payments. It focuses on offering unsecured lending solutions and tailored financial products to support the growth and expansion of small and medium-sized businesses.
Razorpay:
A payment gateway that also offers small business loans and other financial services to help businesses manage their finances digitally.
Company Name | Razorpay |
---|---|
Founded | 2014 |
Founders | Harshil Mathur, Shashank Kumar |
Headquarters | Bengaluru, Karnataka, India |
Industry | Financial Technology (Fintech), Payment Gateway |
Products | Payment gateway, Business loans, Subscription billing platform |
Key Features | Payment processing, Online and offline payments, Subscription management, Business loans |
Website | razorpay.com |
Razorpay is a leading payment gateway in India, offering a range of financial technology solutions to businesses. It provides payment processing services, subscription billing platforms, and also facilitates business loans to help companies manage their finances efficiently.
ZestMoney:
Provides digital EMI financing solutions for consumers to make purchases and pay later without needing a credit card.
Company Name | ZestMoney |
---|---|
Founded | 2015 |
Founders | Lizzie Chapman, Priya Sharma, Ashish Anantharaman |
Headquarters | Bengaluru, Karnataka, India |
Industry | Financial Technology (Fintech), Consumer Finance |
Products | Digital EMI financing |
Key Features | No-cost EMI financing, Consumer loans, Online shopping finance |
Website | zestmoney.in |
ZestMoney is a fintech company in India that specializes in providing digital EMI financing solutions. It allows consumers to make purchases and pay later in easy installments without the need for a credit card, thereby enhancing affordability and accessibility to online shopping finance.
Also Read
Top 10 E-learning Startups in India
Top 10 learning language startups in india
Top 10 Coding Bootcamps in India
Top 10 Financial Inclusion Startups in India
Top 10 Microfinance Startups in India
Top 10 Social Impact Startups in India
Top 10 Sustainable Startups in India
Top 10 Circular Economy Startups in india
Top 10 ClimateTech Startups in India
Top 10 Electric Vehicle Startups in india
Top 10 Drone Startups in india