Top 30 FinTech Startups of India
21.?Coverfox
Coverfox is a fintech company which aggregates insurance online and provides hassle-free insurance broking services. It has its headquarters in Mumbai, Maharashtra, India. Coverfox has 450+ employees and a revenue of $2 Mn (2017-18). It was founded in the year 2013. Coverfox is a private company.
Devendra Rane and Varun Dua are the Co-founders of Lendingkart.
After launching in the year 2013, Coverfox has raised a total of 47 million USD over 4 funding rounds.
The CEO of Coverfox is Premanshu Singh.
22.?NeoGrowth
Neogrowth lends unsecured business loans to SME’s via its digital platform. It has its headquarters in Mumbai, Maharashtra, India. NeoGrowth has 400+ employees and a revenue of $34 Mn (2017-18). It was founded in the year 2013. NeoGrowth is a private company.
Dhruv Khaitan and Piyush Khaitan are Co-founders of NeoGrowth.
After launching in the year 2013, NeoGrowth has raised a total of 90 million USD over 4 funding rounds.
The CEO of NeoGrowth is Arun Nayyar.
Financials –?Neogrowth – Crunchbase Company Profile & Funding
23.?Chargebee
Founded in 2011 by Krish Subramanian, Rajaraman Santhanam, Saravanan KP and Thiyagarajan T, Chargebee is a revenue management platform that allows enterprises to automate revenue operations.
The fintech SaaS startup boasts a customer base of more than 4,000 subscription-based businesses. Its customer portfolio includes the likes of access management companies Okta, Freshworks, Calendly, and Study.com, among others. In FY21, it turned a profit of INR 11.5 Cr, joining the ranks of fintech unicorns in India.
The Chennai-based startup became a unicorn after raising $125 Mn in 2021. Chargebee raised another $250 Mn in February 2022, tripling its valuation to $3.5 Bn. The startup is backed by marquee investors such as Accel, Insight Partners, Tiger Global Management, Sapphire Ventures, Steadview Capital and Sequoia Capital.
LinkedIn –?https://www.dhirubhai.net/company/chargebee/
Financials –?Chargebee – Crunchbase Company Profile & Funding
24.?Axio
Axio is the leader in SaaS-based cyber management software, which empowers security leaders to build and optimize security programs and quantify risk in financial terms. Axio360 is the only cyber risk management platform to align security leaders, business leaders, and Boards of Directors around a single source of truth about their most critical corporate risks. Since 2016, Axio has been a trusted partner to many of the world’s leading critical infrastructure, energy, manufacturing, and financial services companies, helping drive better visibility and decision-making about cybersecurity priorities and investments. For more information visit axio.com
LinkedIn - https://www.dhirubhai.net/company/axio/
Financials - https://www.crunchbase.com/organization/axio
25.?Ofbusiness
Ofbusiness lends working capital to small businesses. It has its headquarters in Gurgaon, Haryana, India. Ofbusiness has 200+ employees and a revenue of $31 Mn (2017-18). It was founded in the year 2015. Ofbusiness is a private company.
Asish Mohapatra, Ruchi Kalra, Bhuvan Gupta, Nitin Jain and Vasant Sridhar are Co-founders of Ofbusiness.
After launching in the year 2015, Ofbusiness has raised a total of 49 million USD over 4 funding rounds.
The CEO of Ofbusiness is Asish Mohapatra.
Financials –?OfBusiness – Crunchbase Company Profile & Funding
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26.?MoneyTap
MoneyTap is India’s first app-based credit line. It provides you credit and you can repay your credit amount in flexible EMIs of 2 to 36 months. MoneyTap aims to make credit accessible to the Indians who use internet banking.
It uses customers’ details to evaluate the user’s eligibility and decide the credit limit. MoneyTap was launched in 2015 by Bala Parthasarathy, Kunal Verma, and Anuj Kacker.
LinkedIn –?https://www.dhirubhai.net/company/moneytap
Financials –?Crunchbase
27.?Paysense
Paysense is a digital lending platform for personal and consumer loans. It has its headquarters in Mumbai, Maharashtra, India. Mswipe has 100+ employees It was founded in the year 2015. Paysense is a private company.
Sayali Karanjkar and Prashanth Ranganathan are Co-founders of Paysense.
After launching in the year 2015, Ofbusiness has raised a total of 25 million USD over 3 funding rounds.
The CEO of Paysense is Prashanth Ranganathan.
Financials –?Crunchbase
28.?Khatabook
Founded in October 2018, by Ashish Sonone, Dhanesh Kumar, Vaibhav Kalpe, Jaideep Poonia, and Ravish Naresh, Khatabook is the world’s fastest-growing SaaS company. It has become India’s leading business management app for MSMEs with 20M+ downloads in a remarkably short period of time.
This Bangalore-based mobile app service shares WhatsApp and SMS reminders to users when money is due to be paid or collected. Khatabook enables micro, small and medium merchants to track business transactions safely and securely. Founders: Ravish Naresh, Dhanesh Kumar, and Jaideep Poonia
Founded in 2017.
LinkedIn –?https://www.dhirubhai.net/company/khatabook/
Financials –?Khatabook – Crunchbase Company Profile & Funding
29.?Shiksha Finance
Many individuals have the potential to become great students but the exorbitant tuition fees of educational institutions hinder them from pursuing education. Shiksha Finance provides short-term loans to students for their fees. The loan ranges from INR 10,000-INR to 30,050 and must be paid within 6-10 months. For a private school or college, the loan can range from INR 1 lakh-INR 73.5 lakh and can be paid within 6 months to 5 years. It was founded by Jacob Abraham in 2014. Founders: V L Ramakrishnan and Jacob Abraham
Founded in 2014.
30.?Faircent
Faircent is the leading peer to peer (P2P) lending platform catering to retail and business loans. It has its headquarters in Gurgaon, Haryana, India. Faircent has 100+ employees It was founded in the year 2013. Faircent is a private company.
Rajat Gandhi, Vinay Mathews and Nitin Gupta are Co-founders of Faircent.
After launching in the year 2013, Ofbusiness has raised a total of 10 million USD over 8 funding rounds.
The CEO of Faircent is Rajat Gandhi.
LinkedIn –?https://www.dhirubhai.net/company/faircent/
Financials –?Faircent – Crunchbase Company Profile & Funding