Top 10 Financial Inclusion Startups in India

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Top 10 Financial Inclusion Startups in India

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 NamePaytm
Founded2010
FoundersVijay Shekhar Sharma
HeadquartersNoida, Uttar Pradesh, India
IndustryFinancial Technology (Fintech)
ProductsMobile wallet, Payments Bank, Financial Services (banking, lending, insurance), E-commerce platform
Key FeaturesMobile payments, QR code payments, Online transactions, Bill payments, Investment services
Websitepaytm.com
paytm: Top 10 Financial Inclusion Startups in India

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 NamePhonePe
Founded2015
FoundersSameer Nigam, Rahul Chari, and Burzin Engineer
HeadquartersBangalore, Karnataka, India
IndustryFinancial Technology (Fintech)
ProductsUPI payments, Digital wallet, Recharge & bill payments, Mutual funds investment, Insurance
Key FeaturesUPI-based payments, QR code payments, Mobile recharge, Bill payments, Mutual fund investments, Insurance
Websitephonepe.com
phonepe:Top 10 Financial Inclusion Startups in India

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 NameBharatPe
Founded2018
FoundersAshneer Grover, Shashvat Nakrani
HeadquartersNew Delhi, India
IndustryFinancial Technology (Fintech)
ProductsQR code-based payments, UPI payments, Loans for merchants
Key FeaturesQR code payments, UPI payments, Merchant loans, Cashback and rewards for transactions
Websitebharatpe.com
bharatpe: Top 10 Financial Inclusion Startups in India

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 NameJio Payments Bank
Founded2018
Parent CompanyReliance Industries Limited
HeadquartersMumbai, maharashtra, India
IndustryBanking, Financial Technology (Fintech)
ProductsSavings accounts, Current accounts, Payments services
Key FeaturesDigital banking services, UPI payments, Online and mobile banking
Websitejiomoney.com
jio payments banks: Top 10 Financial Inclusion Startups in India

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 NameMobiKwik
Founded2009
FoundersBipin Preet Singh, Upasana Taku
HeadquartersGurugram, Haryana, India
IndustryFinancial Technology (Fintech)
ProductsDigital wallet, Payment gateway, UPI payments, Bill payments, Recharge & top-ups, Mutual funds
Key FeaturesMobile wallet, UPI-based payments, Bill payments (electricity, water, gas, etc.), Online and offline merchant payments, Insurance, Loans
Websitemobikwik.com
Mobikiwik: Top 10 Financial Inclusion Startups in India

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 NameAye Finance
Founded2014
FounderSanjay Sharma
HeadquartersGurugram, Haryana, India
IndustryFinancial Services, Fintech
ProductsBusiness loans for micro-enterprises
Key FeaturesCustomized business loans, Credit assessment based on innovative methodologies, Financial inclusion for underserved sectors
Websiteayefin.com
Aye finance: Top 10 Financial Inclusion Startups in India

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 NameLendingkart
Founded2014
FoundersHarshvardhan Lunia, Mukul Sachan
HeadquartersAhmedabad, Gujarat, India
IndustryFinancial Technology (Fintech), Online Lending
ProductsWorking capital loans for small businesses
Key FeaturesAutomated loan processing, Quick disbursal of loans, Data-driven credit assessment
Websitelendingkart.com
Lending kart: Top 10 Financial Inclusion Startups in India

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 NameNeoGrowth
Founded2012
FoundersDhruv Khaitan, Piyush Khaitan
HeadquartersMumbai, Maharashtra, India
IndustryFinancial Technology (Fintech), Digital Lending
ProductsGrowth capital loans for merchants accepting card payments
Key FeaturesUnsecured lending, Merchant cash advance, Tailored financial solutions
Websiteneogrowth.in
Neogrowth: Top 10 Financial Inclusion Startups in India

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 NameRazorpay
Founded2014
FoundersHarshil Mathur, Shashank Kumar
HeadquartersBengaluru, Karnataka, India
IndustryFinancial Technology (Fintech), Payment Gateway
ProductsPayment gateway, Business loans, Subscription billing platform
Key FeaturesPayment processing, Online and offline payments, Subscription management, Business loans
Websiterazorpay.com
Rozarpay: Top 10 Financial Inclusion Startups in India

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 NameZestMoney
Founded2015
FoundersLizzie Chapman, Priya Sharma, Ashish Anantharaman
HeadquartersBengaluru, Karnataka, India
IndustryFinancial Technology (Fintech), Consumer Finance
ProductsDigital EMI financing
Key FeaturesNo-cost EMI financing, Consumer loans, Online shopping finance
Websitezestmoney.in
Zest money:Top 10 Financial Inclusion Startups in India

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.

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