Loan Frame named in Top 50 Fintech companies | FINTECHASIA

India is currently one of the most active FinTech markets in the world. It has drawn the maximum investments in the sector, along with China. Two important missions led by the Government of India, one of Financial Inclusion and the other of a Digital India, are driving innovation. Though it maybe a challenge to turn India into a completely cashless economy, given it’s sheer size of population and scattered geography, digital payments has grown quickly – thanks to the rapid growth in smartphone and e-commerce penetration. A country where cash had usually been the go to mode of transactions, a digital world of financial services have found a place to thrive.

Earlier this year we had shared our list of Top 11 FinTech Startups in India. We decided to include more companies to this list to introduce them to fintech stakeholders in Asia and elsewhere. Fintech Asia has also spoken to several Indian companies in detail – to understand more about the business, vision of the team, and their perspective of the ecosystem they operate in – as part of the Fintech India series.

Top 50 FinTech Companies in India

Company Website Funding Subcategory Founder/s / MDs
Paytm Payments Bank
(Paytm Wallet; One97 Communications) 2.77 billion Payments Vijay Shekhar Sharma
ItzCash Card 174 million Payments Naveen Surya
MobiKwik 161.8 million Payments Bipin Preet Singh; Upasana Taku
Financial Software & Systems 99.5 million Payments Nagaraj V. Mylandla; J. Rudhraapathy (Full-time Director)
Capital Float 88.5 million Lending Sashank Rishyasringa; Gaurav Hinduja
BankBazaar 79 million Personal Finance Management Adhil Shetty (CEO); Arjun Shetty (COO);
Rati Shetty (Chief Product Officer)
InCred 75 million Lending Bhupinder Singh
PolicyBazaar 69.78 million Insurance Yashish Dahiya; Alok Bansal; Avaneesh Nirjar
Lendingkart 64.4 million Lending Harshvardhan Lunia; Mukul Sachan
Fino Payments Bank (Fino PayTech) 59.3 million Payments Rishi Gupta
Mswipe Technologies 56 million Payments Manish Patel
Ezetap Mobile Solutions 51 million Payments Abhijit Bose; Bhaktha Keshavachar
Electronic Payments and Services 40 million Payments Mani Mamallan
NeoGrowth Credit 36.7 million Lending Dhruv Khaitan; Piyush Khaitan
CCAvenue 31.3 million Payments Vishwas Patel
Coverfox 29 million Insurance Varun Dua; Devendra Rane
ClearTax 15.42 million Personal Finance Management Archit Gupta; Srivatsan Chari; Ankit Solanki
FundsIndia 15.24 million Personal Finance Management CR Chandrasekar; Srikanth Meenakshi
Flexiloans 15 million Lending Deepak Jain; Abhishek Kothari; Ritesh Jain; Manish Lunia
MoneyTap 12.3 million Lending Kunal Varma; Anuj Kacker; Bala Parthasarathy
Razorpay Software 11.5 million Payments Shashank Kumar; Harshil Mathur
CreditMantri 10.21 million Lending Sudarshan R; Gowri Mukherjee; Ranjit Punja
MoneyView 10.1 million Personal Finance Management Sanjay Aggarwal
Indifi Technologies 10 million Lending Sundeep Sahi; Alok Mittal; Siddharth Mahanot
ZestMoney 8.5 million Lending Elizabeth Chapman; Priya Sharma; Ashish Anantharaman
Chillr 7 million Payments Sony Joy; Anoop Sankar; Mohamed Galib; Lishoy Bhaskaran
LoanTap 7 million Lending Satyam Kumar; Vikas Kumar
ChargeBee Technologies 6.2 million Payments KP Saravanan; Thiyagarajan T; Rajaraman Santhanam;
Krish Subramanian
Rubique 6 million Lending Manavjeet Singh
Juspay 5.8 million Payments Vimal Kumar; Ramanathan RV
Faircent 5.75 million Lending Vinay Mathews; Rajat Gandhi; Nitin Gupta
Early Salary 5.5 million Lending Akshay Mehrotra
IndiaLends 5 million Lending Gaurav Chopra; Mayank Kachhwaha
Upstox 4 million Online Trading Platform Ravi Kumar; Raghu Kumar; Shrini Viswanath
AirPay Payment Services 3.6 million Payments Kunal Jhunjhunwala; Amit Kapoor; Rohan Deshpande 3.5 million AI Shankar Narayanan; Parikshit Paspulati; Ravi Shankar
Instamojo 3.1 million Payments Sampad Swain; Akash Gehani; Harshad Sharma
SecureNow TechServices 3 million Insurance Abhishek Bondia; Kapil Mehta
RedCarpet 2.6 million Lending Sandeep Srinivasa; Kartik Venkataraman
Scripbox.Com India 2.5 million (disclosed) Personal Finance Management Sanjiv Singhal; Ashok Kumar E R
Paynear 2.5 million Payments Anil Bharadwaj; Priti Shah
TruPay 2.3 million Payments Rahul Gochhwal; Narender Kumar
Loan Frame Technologies 2.25 million Lending Shailesh Jacob
Easypolicy 2.2 million (disclosed) Insurance Alok Bhatnagar; Neeraj Aggarwala; Divyanshu Tripathi
CreditVidya 2 million Lending Abhishek Agarwal; Rajiv Raj
ePaylater 2 million Lending Aurko Bhattacharya; Uday Somayajula; Akshat Saxena;
Shanmu Thiagaraja; Prasannaa Muralidharan
UnoCoin 1.75 million Cryptocurrency Sathvik Vishwanath; Abhinand Kaseti; Sunny Ray; Harish B V
Fisdom 1.6 million Personal Finance Management
Subramanya SV (Subu); Ramganesh Iyer (Ramg); Anand Dalmia
RenewBuy 1.5 million Insurance Indraneel Chatterjee; Balachander Sekhar; Sandeep Nanda
Zebpay 1.13 million Cryptocurrency Sandeep Goenka; Saurabh Agrawal; Mahin Gupta


Editor’s note: The funding/investment data was collected from various sources such as Crunchbase, CBInsights, news reports, etc. Not all rounds have been disclosed by companies.

The article was authored by Editorial Team of FINTECHASIA on Aug 15, 2017.

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