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Tuesday, February 27, 2024

Top 10 Most Promising Fintech Firms in India 2022

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FinTech firms are technological alternatives to traditional financial firms’ back-end systems in the twenty-first century. Find out the top 10 most promising fintech firms in India 2022.

Fintech is the term used by financial institutions to describe the technology that powers their back-end systems in the early twenty-first century. A fintech firm creates technologies to improve and automate financial services.

Aside from education, retail banking, fundraising, non-profits, and investment management, fintech encompasses a wide range of other industries.

FinTech use software and algorithms to manage financial procedures and operations.

Despite the rise of FinTech in a variety of areas, much of the industry remains focused on the old global banking industry. FinTech has also become involved in the development and use of cryptocurrencies such as Bitcoin, which has resulted in a big change in India.

They immediately give financing without collateral by allowing total online access and requiring minimal documents.

Here are the top 10 most promising fintech firms in India this year.

1. Lendingkart

Harshvardhan Lunia and Mukul Sachan established Lendingkart in 2014. Lendingkart Finance provides working capital loans and business loans to small and medium-sized businesses in India.

2. Easiloan

Easiloan is India’s first Fintech player in home loans, managing the home loan process digitally from start to finish with its unique AI engine.

The Easiloan technology platform is designed for home purchasers (looking for a mortgage), real estate developers, and lenders, bringing demand and supply together.


Razorpay, an Indian payment service, allows businesses to collect, process, and disburse payments.

JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money, and PayZapp accept credit, debit, and net banking.

Ashank Kumar and Harshil Mathur launched the group in 2013. Businesses can send and receive invoices from clients and collect regular commissions in addition to administering the marketplace, applications for working capital loans, and money transactions.


Aditya Sengupta, Sampad Swain, and Akash Gehani established Instamojo in September 2012. You may use Instamojo to collect fees, create free online storefronts, transport products, obtain loans, and more.

With Instamojo, microentrepreneurs, startups, small and medium-sized businesses, and others may rapidly and easily begin, promote, run, and expand their operations. They provide payment services, free online retailers, logistics, credit and financing, and other services.

5. Paytm

Vijay Shekhar Sharma founded Paytm, which is owned by One97 Communications. Paytm is linked to numerous additional firms in addition to Uber, MakeMyTrip, BookMyShow, and Foodpanda.

Softbank is made up of AGH Holdings, Ant Financial, Discovery Capital, Berkshire Hathaway, SAIF Partners, and Berkshire Hathaway. One97 Communications Ltd (OCL), an IRDAI-licensed insurance firm, owns Paytm Insurance.

6. Groww

Groww is a direct mutual fund distribution platform founded in 2017 by four former Flipkart workers, Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh.

Groww commenced stock trading in the first half of 2020 and swiftly expanded its product offering to include digital gold, ETFs, intraday trading, and IPOs.

Users can trade in US equities without incurring account opening or brokerage fees by opening an international trading account with Groww.

7. Shiksha Finance

Siksha Funding is the leading education finance provider in India. This institution will pay for parents’ education tuition, lowering school dropout rates. Within six to ten months, Rs 10,000 to Rs 30,050 must be refunded.

Student loans can be used for things other than paying for school tuition, books, uniforms, shoes, luggage, and so on. The loans can also be used for building construction, property acquisition, and working capital by educational institutions.

8. Policybazaar

Avaneesh Nirjar, Yashish Dahiya, and Alok Bansal created PolicyBazaar in June 2008. Policybazaar.com is the largest insurance aggregator in India and one of the world’s largest fintech firms.

By providing a pricing comparison tool and an online knowledge base, an online platform assists customers in learning more about insurance. It eventually evolved into an insurance marketplace.

The group earns money by advertising and promoting insurance carriers on their websites.

9. ePayLater

ePayLater was formed by these three persons, in addition to Akshat Saxena, Aurko Bhattacharya, and Uday Somayajula. Arthashastra Fintech’s ePayLater, a digital payment system, provides habitual online purchasers with a 14-day interest-free credit limit.

IRCTC, PVR, MakeMyTrip, Yatra, EaseMyTrip, Tata Croma, and Travelyaari are among the companies that have partnered with EPayLater. There are no additional or hidden fees associated with the service.

10. PineLabs

Since 2017, Malaysia acquired Pine Labs’ whole product line. Lokvir Kapoor, Rajul Garg, and Tarun Upaday founded the company in 1998, and it is headquartered in Bangalore, India.

Pine Labs’ technology is used by over 100,000 merchants in India and many other Asian nations. The company’s cloud-based technology powers over 350,000 PoS terminals in over 3,700 cities in India alone.


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