Most Popular 10 India’s fintech Startup in 2022

Thanks to groundbreaking internet infrastructure initiatives, a thriving venture capital (VC) scene, and favorable demographics, such as a young, technologically literate populace and a growing middle class, India is a global fintech superpower, with over 2,100 fintech companies and one of the greatest fintech surrogacy rates in the world.

Investors around the world are positive about India’s fintech prospects, having poured billions into the sector. Fintech investments topped US$8 billion in 2021, according to data from Invest India, the country’s capital development and facilitation agency, propelling company valuations to new heights. Currently, the region is home to 17 fintech businesses valued at $1 billion or more.

Top 10  Fintech Startups in India

Cashfree Payment

Cashfree Payment is a payment and banking technology firm based in Bangalore that was launched in 2015. Its services include payments collections, vendor payouts, payroll payouts, speedy loan disbursement, e-commerce refunds, property insurance processing, cost reimbursements, loyal, and incentive payments, to name a few.

Cashfree Payments is used by over 100,000 firms, like Cred, Zomato, Xiaomi, and Tencent, to handle $20 billion in payments each year. The corporation has offices in seven countries, including the US, Canada, and the UAE (UAE).

After obtaining strategic capital from the State Bank of India, Cashless Transactions had a market capitalization of $200 million. According to the organization, the funds will be used to increase the company’s recovery costs and invest in expansion. CredAvenue


In 2017, CredAvenue, a major online loan specialist based in Chennai, was established. To meet the needs of both borrowers and investors, the firm provides five essential platforms: Plutus is a relationship issuance and investment platform that appeals to both individual and institutional investors. CredLoan is a business lending platform; CredCoLend is an incorporation platform for non-banking financial CredCoLend is an origination system for non-banking financial organizations (NBFCs) and banks to develop co-lending agreements, and CredCoLend is an origination platform for quasi financial organizations (NBFCs) and banks to form co-lending agreements. CredSCF is an end-to-end finance and portfolio buyouts platform, whereas CredPool is a supply chain platform.

So far, the company has helped over 1,500 corporate borrowers, 750 investors, and 1 million end consumer borrowers complete over $9 billion loan transactions.

Sequoia Investment and Faster than light Venture Capital are among CredAvenue’s investors. The company received a US$90 million Series A equity financing round in September 2021, estimated at US$410 million.


GetVantage is a Mumbai-based financing platform that provides growth capital to India’s and Southeast Asia’s digital-first enterprises, such as e-commerce entrepreneurs and startups.

GetVantage evaluates and forecasts a company’s future revenue achievement using a proprietary machine-learning (Low flow rate credit judgement engine) and deal management system, and then generates a term sheet based on the findings. Crowdfunding tickets can cost up to US$500,000, according to the company’s website.

So far, the startup has funded over 100 entrepreneurs, spanning direct-to-consumer (D2C) enterprises. Fundraising tickets can cost up to US$500,000, according to the company’s website.


Zolve is a neobank that focuses on the migrant labor market. It was established in the year 2020. The company now covers the India-US axis, providing bank accounts, strong credit cards, and debit to immigrants destined for the US-based based Whilst in their native countries, they can check their credit scores.

Zolve aspires to be a filled financial services provider, with  the fast remittance, insurance, and loan services in the works.

The company had rolled out its credit card to 2,000 consumers as of October 2021. In October 2021, Zolve completed a US$40 million Series A fundraising transaction, valuing the company at US$210 million. With the investment, the company’s total capital now stands at $55 million.


Hyperface, based in Bengaluru, was founded in 2021 and is the creator of a credit card platform that makes it easier for fintech and e-commerce companies to issue credit cards. Customers can build credit card programs and manage the entire consumer experience, including know-your-customer (KYC) inquiries to loyalty programs, using the company’s specifications for producing developer kits (SDKs) and application standard interfaces (APIs). As a result, businesses may start credit card systems in as little as a few weeks.

Hyperface got US$1.3 million in October 2021, which it plans to use to expand its online experience, develop card programs, and hire more people.

Mahila Money

Mahila Money is a digital banking branch of Sheroes, an Indian women-only social network. Mahila Money provides small business loans and other financial services to women and female micro-entrepreneurs. The financing package sizes range from $135 to $2,693, and the entire application procedure is conducted online. There is no need for collateral or a founder.

Since its launch last year, Mahila Money has grown to a community of over 150,000 women and formed partnerships with banks and NFBCs such as Transcorp, Visa, My Shubh Life, Avail Financing, and Shivalik Bank.


Multipl is a smartphone app that allows users to save money for future costs by mutual fund investment and other stocks and bonds. It was founded in Bengaluru in the year 2020.

Multipl also partners with lifestyle brands to provide clients with exclusive discounts on travel, jewelry, bicycles, home furnishings, career programs, gadgets, and other products.

It also features a customer loyalty program that rewards users with Mbits that can be redeemed at over 200 various stores, including Amazon, Myntra, and Jio-Saavn, if they save enough money.

The app had over 10,000 downloads on Play Store as of November 2021, with users setting savings goals totaling over US$3.3 million.


Onsurity, a health tech startup formed in 2020, delivers comprehensive employee healthcare to small and medium-sized businesses (SMEs), small non, startups, and emerging businesses every month.

Onsurity’s monthly-based TeamSure plans provide Other benefits including group medical coverage, discounts on pharmaceutical orders and medical screening, activity prizes, and a doctor who is either. Contractors, interns, specialists, and full-time employees can all subscribe to the service.

The corporation is reported to help over 1,000 SMEs, individuals, and developing businesses. It obtained US$16 million in Series A investment in August 2021. Small case


In 2015, Smallcase, a Bangalore-based wealth technology firm, established an online trading platform. Investors can invest in over 100 baskets of stocks and marketplace funds through the company’s in-house team of certified professionals (ETFs). It can also aid in the search for independent asset managers, brokerage firms, and wealth management platforms.

The small case works with Upstox and Kite, two of India’s largest stockbrokers.

Nearly 3 million users transact $2.5 billion annually transactions on the platform. In August 2021, it completed a $40 million Series C fundraising round, bringing its total capital to more than US$65 million.

FPL Technologies

FPL Technologies is a consumer finance fintech company situated in Pune that was founded in 2019. One score started in 2019, a computerized credit score platform that offers free credit score checks and personalized insights. In 2020, it introduced OneCard, a credit card that works in tandem with a mobile app to let customers lock their cards, modify their characteristics and active services, pay their bills, and more.

In January 2022, FTP Technologies raised $75 million in a Series C funding round, valuing the company at US$750 million post-money. The company now has total funding of US$125 million.

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