About Financial Services sector in Hyderabad, India
The Financial Services sector in Hyderabad, India comprises 508 companies, including 74 funded companies having collectively raised $4.4B in venture capital money and private equity. Out of these, 31 are Series A+ funded.
Financial Services sector in Hyderabad, India has seen 10 acquisitions and 10 IPOs.
This sector includes companies offering economic services to consumers and businesses.
Companies offering services like banking, insurance, credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds etc are included in this sector. Companies offering Non-Economic services to customers are excluded.
Top Financial Services Companies in Hyderabad, India
There are 508 Financial Services startups in Hyderabad, India which include CreditVidya, Spandana, Vivifi India Finance, D. E. SHAW INDIA, Spandana Sphoorty Financial. Out of these, 74 startups are funded, with 31 having secured Series A+ funding.
Over the past 10 years, an average of 21 new companies have been launched annually. Notably, several of these startups have been founded by alumni of BITS Pilani, IIT Madras and Harvard University.
Here is the list of top Financial Services startups in Hyderabad, India
1. CreditVidya
Developer of an online platform offering diversified financial services. Its platform offers credit assessment scoring and credit risk solutions to banks and lenders. It uses big data, and advanced AI machine-learning techniques to build a credit score by assessing multiple-data points that impact the loan underwriting process. It also offers verification services, fraud check services, and loans.
Key facts about CreditVidya
- Founded Year: 2012
- Location: Hyderabad (India)
- Stage: Acquired
- Total Funding till date: $10.4M
- Investors: Z47, Stride Ventures and 17 Others
- Latest Funding Round: Series B, Dec 27, 2021, $*****
- Tracxn Score: 69/100 What is this?
2. Spandana
Provider of microfinance and consumer durable loans to rural households. It offers microfinance loans through a Joint Liability Group (JLG) based model and also provides consumer durable loans and loans for water, sanitation, and hygiene improvements. Additional loan products include top-up loans for existing borrowers and loans against property. The company's services aim to improve the financial well-being of low-income households.
Key facts about Spandana
- Founded Year: 1998
- Location: Hyderabad (India)
- Stage: Public
- Total Funding till date: $192M
- Investors: Kedaara, Ontario Teachers' Pension Plan and 14 Others
- Latest Funding Round: Post IPO, May 06, 2024, $*****
- Tracxn Score: 65/100 What is this?
Provider of instant personal lines of credit to salaried individuals. It offers customized loan products through a digital lending platform. The company is a non-banking finance company registered with the Reserve Bank of India. It focuses on enabling ease of access to credit for a broad range of individuals.
Key facts about Vivifi India Finance
- Founded Year: 2016
- Location: Hyderabad (India)
- Stage: Series B
- Total Funding till date: $96.1M
- Investors: Viernes Holdco, BasePoint Capital and 4 Others
- Latest Funding Round: Conventional Debt, Jan 24, 2024, $*****
- Tracxn Score: 62/100 What is this?
- Competitors Rank: 1 of 16 Competitors
Key facts about D. E. SHAW INDIA
- Founded Year: 1988
- Location: Hyderabad (India)
- Stage: Unfunded
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 34 of 1,721 Competitors
Microfinance services provider to low income households. It provides income generation loans, short term loans for working capital, mortgage loans, micro enterprise loans and gold loans.
Key facts about Spandana Sphoorty Financial
- Founded Year: 2003
- Location: Hyderabad (India)
- Stage: Public
- Total Funding till date: $192M
- Investors: Ontario Teachers' Pension Plan, Temasek and 11 Others
- Latest Funding Round: Conventional Debt, Jan 02, 2018, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 19 of 286 Competitors
Companies founded year-on-year in the Financial Services sector in Hyderabad
38 Financial Services startups in Hyderabad were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | 16 |
2023 | 19 |
2022 | 17 |
2021 | 25 |
2020 | 33 |
2019 | 37 |
2018 | 38 |
2017 | 23 |
Stage-wise distribution of Financial Services sector companies in Hyderabad
Out of the total 508 Financial Services companies in Hyderabad, 74 have secured funding. Among them, 31 have reached Series A or higher, and 24 to Series B or beyond.
Founded - 508
Funded - 74
Series A+ - 31
Series B+ - 24
Series C+ - 23
Company Stage | No. of companies |
|---|---|
Founded | 508 |
Funded | 74 |
Series A+ | 31 |
Series B+ | 24 |
Series C+ | 23 |
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Funding Trends in the Financial Services sector in Hyderabad
Total funding year-on-year in the Financial Services sector in Hyderabad
The Financial Services sector in Hyderabad saw a total funding of more than $4B in the last 10 years. The most amount of funding was in 2017 at more than $2.32B.
- Total Funding
Year | Total Funding |
|---|---|
2024 | $107M |
2023 | $21.2M |
2022 | $21.4M |
2021 | $7.66M |
2020 | $3.63M |
2019 | $17.9M |
2018 | $152M |
2017 | $2.32B |
Recent Funding Rounds in Financial Services in Hyderabad
In the year 2024, till August 2024, Financial Services companies in Hyderabad have raised $78.3M in equity funding across 4 rounds.
In the same period last year (i.e. till August 2023), Financial Services companies in Hyderabad had raised $6.48M across 2 rounds.
So, 2024 has seen a 1108.34% rise in funding in Financial Services companies in Hyderabad as compared to 2023.
Here are some recent, important funding rounds in Financial Services companies in Hyderabad:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 7918 | Aug 20, 2024 | ||
Angel | 1880 | Jun 29, 2024 | and 6 more | |
Seed | 1166 | Feb 22, 2024 | ||
Series B | 6278 | Jan 24, 2024 | ||
Seed | 9501 | Nov 23, 2023 |
Top Investors in Financial Services in Hyderabad
Caspian Debt is the top investor in Financial Services companies in Hyderabad based on number of companies invested.
Here are some top investors in Financial Services companies in Hyderabad:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Hyderabad (India) | Vaya Finserv and Vreedhi | |
Hyderabad (India) | ||
Hyderabad (India) | Basix and Origo Finance | |
San Jose (United States) | ||
Mumbai (India) | AnyTimeLoan and i-LEND |
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M&A activity in Financial Services sector in Hyderabad
In the year 2025, till January 2025, 1 acquisition happened in Financial Services sector in Hyderabad.
Here are some recent, important acquisitions in Financial Services sector in Hyderabad:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jan 29, 2025 | ||
Business Acquisition | Nov 29, 2022 | ||
Business Acquisition | Mar 08, 2022 | ||
Business Acquisition | Jun 01, 2021 | ||
Business Acquisition | Dec 27, 2018 |
Acquisition trends in Financial Services sector in Hyderabad
Here are the acquisition trends in Financial Services sector in Hyderabad:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | - |
2023 | - |
2022 | 2 |
2021 | 1 |
2020 | - |
2019 | - |
2018 | 2 |
2017 | 1 |
IPOs in Financial Services in Hyderabad
In the year 2019, till August 2019, 2 IPOs happened in Financial Services sector in Hyderabad.
Here are some recent, important IPOs in Financial Services sector in Hyderabad:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Aug 23, 2019 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Aug 19, 2019 | National Stock Exchange (NSE) | |
Jul 25, 2016 | National Stock Exchange (NSE) | |
Aug 19, 2014 | Bombay Stock Exchange (BSE) | |
Jul 06, 2012 | Bombay Stock Exchange (BSE) |
Colleges which produce the most Financial Services companies in Hyderabad
Companies founded by alumni from top colleges in the Financial Services in Hyderabad
Most number of Financial Services startups in Hyderabad have been founded by alumni from BITS Pilani, IIT Madras and Harvard University.
College | No. of companies |
|---|---|
BITS Pilani | 6 |
IIT Madras | 5 |
Harvard University | 3 |
IIM Bangalore | 3 |
Indian School of Business | 3 |
London Business School (LBS) | 3 |
Columbia Business School | 2 |
Harvard Business School | 2 |
BIT Mesra | 1 |
BITS Mesra | 1 |
Total funding in Financial Services companies founded by alumni from top colleges in Hyderabad
In the last 10 years, Harvard University graduates' Financial Services companies in Hyderabad have raised the most funding among top colleges. Harvard Business School alumni are second, and Princeton University alumni are third.
College | Total Funding |
|---|---|
Harvard University | $1.08B |
Harvard Business School | $1.06B |
Princeton University | $21.9M |
London Business School (LBS) | $10.4M |
University of California (Los Angeles) | $10.4M |
BITS Pilani | $6.04M |
University of Pennsylvania | $6.04M |
IIM Bangalore | $251K |
IIT Madras | $142K |
Columbia Business School | $136K |
Top News in Financial Services in Hyderabad
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Oremus Corporate Services Expands into Europe with Launch in FinlandBusiness Wire•Nov 07, 2025•Oremus
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Meenakshi Alternates Launches Realty Focused ₹700 crore AIFIndiatimes•Jun 02, 2025•Meenakshi Alternates
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Tavasya Closes its Second Stressed Asset Fund in 6 MonthsAsian News International•Jan 30, 2025•Tavasya Capital
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GradRight & PhonePe Collaborate to Offer Education Loans to Indian StudentsEdTechReview•Jun 11, 2024•GradRight, PhonePe
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Yes Bank denies report on Spandana Sphoorthy acquisitionMoneycontrol•Aug 02, 2023•Yes Bank, Spandana
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Shriram Life Insurance posts Rs 156 crore net profit in FY22-23Moneycontrol•May 14, 2023•Shriram Life Insurance
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