About FinTech SaaS sector in Bengaluru, India
The FinTech SaaS sector in Bengaluru, India comprises 218 companies, including 78 funded companies having collectively raised $1.89B in venture capital money and private equity. Out of these, 38 are Series A+ funded, and 3 have achieved unicorn status.
FinTech SaaS sector in Bengaluru, India has seen 15 acquisitions and 1 IPO. This represents almost 7.3% of all such companies - which is higher than the 4.0% exit rate of tech companies in general.
This sector includes companies that provide SaaS-based Financial Services solutions.
FinTech SaaS sector is also known as FinTech SaaSTech, FinTech SaaS-Tech, Digital FinTech SaaS or FinTech SaaS Technology Solutions.
Companies that provide SaaS-based Financial Services solutions to institutions are included in this sector. Companies that provide Non-SaaS based Financial Service solutions and Non-Financial Services solutions are excluded.
Top FinTech SaaS Companies in Bengaluru, India
There are 218 FinTech SaaS startups in Bengaluru, India which include Razorpay, Cashfree Payments, Digio, FinBox, Scienaptic. Out of these, 78 startups are funded, with 38 having secured Series A+ funding, and 3 achieving unicorn status.
2026 has seen the creation of 12 FinTech SaaS startups in Bengaluru, India. Over the past 10 years, an average of 10 new companies have been launched annually. Notably, several of these startups have been founded by alumni of BITS Pilani, IIM Bangalore and IIT Bombay.
Here is the list of top FinTech SaaS startups in Bengaluru, India
1. Razorpay
Provider of payment and business banking solutions for enterprises. The company offers tools for payment acceptance, automated payroll, and business banking. Solutions include payment gateways, current accounts, and corporate credit cards. It also provides developer resources such as API documentation and integration tools.
Key facts about Razorpay
- Founded Year: 2014
- Location: Bengaluru (India)
- Stage: Series F
- Total Funding till date: $742M
- Investors: Peak XV Partners, GIC and 36 Others
- Latest Funding Round: Series F, 2022, $*****
- Tracxn Score: 85/100 What is this?
- Competitors Rank: 3 of 8,883 Competitors
Provider of payment gateway and payouts, and identity verification services. The company offers tools for businesses to collect payments, send payouts, manage international transactions, and verify customer identities. Payment solutions include payment links, forms, and international payment acceptance. Payout services facilitate instant money transfers to bank accounts, UPI IDs, cards, and wallets. Identity verification services automate KYC processes and fraud monitoring.
Key facts about Cashfree Payments
- Founded Year: 2015
- Location: Bengaluru (India)
- Stage: Series C
- Total Funding till date: $100M
- Investors: SBI, Apis Partners and 15 Others
- Latest Funding Round: Series C, Feb 05, 2025, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 7 of 752 Competitors
3. Digio
Provider of digital solutions for KYC, document management, and digital signatures. It offers tools for customer onboarding, identity verification, and compliance. Solutions include document creation, secure repositories, version control, and form builders. The company facilitates digital signing, recurring collections, and consent management.
Key facts about Digio
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Seed
- Total Funding till date: $11.9M
- Investors: Rainmatter, Groww and 3 Others
- Latest Funding Round: Seed, Dec 30, 2022, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 12 of 8,387 Competitors
4. FinBox
Provider of infrastructure, risk intelligence, and orchestration solutions for digital lending. The company offers tools for credit origination, decisioning, and risk management. It provides open banking infrastructure, device analytics, and security and compliance solutions. The company’s products integrate with lending ecosystems.
Key facts about FinBox
- Founded Year: 2015
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $51.1M
- Investors: WestBridge Capital, IIFL Finance and 25 Others
- Latest Funding Round: Series B, Jul 10, 2025, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 3 of 228 Competitors
5. Scienaptic
Provider of an AI-powered credit decisioning platform for financial institutions. The platform automates and enhances credit underwriting processes. It integrates with existing lending ecosystems to provide automated credit decisions. The companys technology uses diverse data sources and machine learning algorithms to score applicants, including those without traditional credit scores, and aims to promote fair and equitable lending.
Key facts about Scienaptic
- Founded Year: 2014
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $9.9M
- Investors: TVS Motor, 4Front Credit Union and 7 Others
- Latest Funding Round: Series A, Sep 09, 2024, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 2 of 467 Competitors
Companies founded year-on-year in the FinTech SaaS sector in Bengaluru
12 new startups have been founded so far in 2026 in the FinTech SaaS sector in Bengaluru. 18 FinTech SaaS startups in Bengaluru were founded in 2024 - 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 | 12 |
2025 | 17 |
2024 | 18 |
2023 | 12 |
2022 | 9 |
2021 | 10 |
2020 | 5 |
2019 | 13 |
2018 | 4 |
2017 | 8 |
Stage-wise distribution of FinTech SaaS sector companies in Bengaluru
Out of the total 218 FinTech SaaS companies in Bengaluru, 78 have secured funding. Among them, 38 have reached Series A or higher, and 25 to Series B or beyond.
Founded - 218
Funded - 78
Series A+ - 38
Series B+ - 25
Series C+ - 21
Company Stage | No. of companies |
|---|---|
Founded | 218 |
Funded | 78 |
Series A+ | 38 |
Series B+ | 25 |
Series C+ | 21 |
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Funding Trends in the FinTech SaaS sector in Bengaluru
Total funding year-on-year in the FinTech SaaS sector in Bengaluru
The FinTech SaaS sector in Bengaluru saw a total funding of more than $1.8B in the last 10 years. The most amount of funding was in 2021 at more than $799M. There has been a total funding of $20.7M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $20.7M |
2025 | $211M |
2024 | $88M |
2023 | $35.2M |
2022 | $217M |
2021 | $799M |
2020 | $149M |
2019 | $229M |
2018 | $37.5M |
2017 | $11.7M |
Recent Funding Rounds in FinTech SaaS in Bengaluru
In the year 2026, till July 2026, FinTech SaaS companies in Bengaluru have raised $20.7M in equity funding across 5 rounds.
In the same period last year (i.e. till July 2025), FinTech SaaS companies in Bengaluru had raised $200M across 13 rounds.
So, 2026 has seen a 89.68% drop in funding in FinTech SaaS companies in Bengaluru as compared to 2025.
Here are some recent, important funding rounds in FinTech SaaS companies in Bengaluru:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 2238 | Jul 01, 2026 | and 5 more | |
Series B | 8802 | Jun 23, 2026 | ||
Seed | 7076 | Jun 01, 2026 | and 7 more | |
Seed | 2406 | Apr 01, 2026 | ||
Seed | 2389 | Mar 31, 2026 |
Top Investors in FinTech SaaS in Bengaluru
Accel is the top investor in FinTech SaaS companies in Bengaluru based on number of companies invested.
Here are some top investors in FinTech SaaS companies in Bengaluru:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Palo Alto (United States) | ||
Redwood City (United States) | ||
Menlo Park (United States) | ||
Bengaluru (India) | ||
Cambridge (United States) | - |
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M&A activity in FinTech SaaS sector in Bengaluru
In the year 2025, till June 2025, 4 acquisitions happened in FinTech SaaS sector in Bengaluru. Last year, in 2024, a total of 1 acquisition happened in FinTech SaaS sector in Bengaluru.
Here are some recent, important acquisitions in FinTech SaaS sector in Bengaluru:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jun 12, 2025 | ||
Business Acquisition | Apr 22, 2025 | ||
Business Acquisition | Mar 11, 2025 | ||
Business Acquisition | Mar 04, 2025 | ||
Business Acquisition | Feb 21, 2024 |
Acquisition trends in FinTech SaaS sector in Bengaluru
Here are the acquisition trends in FinTech SaaS sector in Bengaluru:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 4 |
2024 | 1 |
2023 | 1 |
2022 | 4 |
2021 | 2 |
2020 | - |
2019 | 3 |
2018 | - |
2017 | 1 |
IPOs in FinTech SaaS in Bengaluru
In the year 2022, till October 2022, 1 IPO happened in FinTech SaaS sector in Bengaluru.
Here are some recent, important IPOs in FinTech SaaS sector in Bengaluru:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 20, 2022 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) |
Colleges which produce the most FinTech SaaS companies in Bengaluru
Companies founded by alumni from top colleges in the FinTech SaaS in Bengaluru
Most number of FinTech SaaS startups in Bengaluru have been founded by alumni from BITS Pilani, IIM Bangalore and IIT Bombay.
College | No. of companies |
|---|---|
BITS Pilani | 11 |
IIM Bangalore | 9 |
IIT Bombay | 8 |
IIT Delhi | 8 |
IIT Kharagpur | 8 |
IIT Kanpur | 6 |
IIM Calcutta | 5 |
IIT Roorkee | 5 |
IIT Madras | 4 |
Columbia University | 2 |
Total funding in FinTech SaaS companies founded by alumni from top colleges in Bengaluru
In the last 10 years, IIT Roorkee graduates' FinTech SaaS companies in Bengaluru have raised the most funding among top colleges. BITS Pilani alumni are second, and Technion Israel Institute Technology alumni are third.
College | Total Funding |
|---|---|
IIT Roorkee | $747M |
BITS Pilani | $485M |
Technion Israel Institute Technology | $390M |
IIT Kharagpur | $381M |
IIT Kanpur | $274M |
IIT Bombay | $85.5M |
IIM Bangalore | $69.6M |
IIT Hyderabad | $67M |
INSEAD | $65M |
IIT Delhi | $49.4M |
Top News in FinTech SaaS in Bengaluru
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Cashfree appoints Abhisikta Niyogi as Associate Director- Regulatory & PolicyBar & Bench•May 15, 2025•Cashfree Payments
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Cashfree Payments supports over 140 currencies on upgraded global gatewayBusiness Standard•May 08, 2025•Cashfree Payments
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Vymo Launches CollectIQ to Transform Debt Collections for Financial InstitutionsAsian News International•May 07, 2025•Vymo
