How many total FinTech SaaS companies are there in India?

As of January 2026, India has 670 active FinTech SaaS companies.

How many FinTech SaaS companies in India are funded?

As of January 2026, 247 companies have received funding in this sector.

What is the total funding raised by FinTech SaaS companies in India?

FinTech SaaS companies in India have collectively raised $2B in funding till date.

Who are the top investors in FinTech SaaS companies in India?

The top investors in FinTech SaaS companies in India by number of investments are Accel and Bessemer Venture Partners.

Which is the highest funded FinTech SaaS company in India?

As of January 2026, Zeta has raised $390M in funding, highest among the funded FinTech SaaS companies in India.

How many FinTech SaaS unicorns are there in India?

India has produced 2 unicorns in the FinTech SaaS sector till date.

FinTech SaaS in India - 2026 Market & Investments Trends

The FinTech SaaS sector in India comprises 783 companies, including 247 funded companies having collectively raised $2B in venture capital money and private equity. Out of these, 91 are Series A+ funded, and 2 have achieved unicorn status.

FinTech SaaS sector in India has seen 34 acquisitions and 8 IPOs. This represents almost 5.4% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.

This sector includes companies that provide SaaS-based Financial Services solutions.

Companies included in FinTech SaaS

Companies that provide SaaS-based Financial Services solutions to institutions

Companies excluded in FinTech SaaS

Companies that provide Non-SaaS based Financial Service solutions and Non-Financial Services solutions

Key Metrics

Total Companies

783

Top Companies

Comviva, Infibeam Avenues & more

Total Funding

$2B

Funded Companies

247

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

View complete details of this sector

There are more than 783 companies in FinTech SaaS in India. Comviva is the top FinTech SaaS company in India, ranked using Tracxn Score (what's this?).

Here are 5 of the top FinTech SaaS companies in India:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Comviva	Provider of software platforms for telecommunications, digital payments, and digital experiences	Gurugram (India)	1999	Acquired	$13.5M
Infibeam Avenues	Provider of digital payment solutions and enterprise software platform	Gandhinagar (India)	2007	Public	-
M2P Fintech	Provider of banking, lending, and payment solutions through custom application programming interfaces	Chennai (India)	2014	Series D	$188M
Zeta	Provider of technology platforms and integrated services for financial institutions	San Ramon (United States)	2015	Series D	$390M
IDfy	Provider of identity verification, background screening, fraud prevention, and risk solutions	Mumbai (India)	2010	Series E	$38.4M

Get a longer list of companies

Companies founded year-on-year in the FinTech SaaS sector in India

57 FinTech SaaS startups in India were founded in 2019 - 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	18
2024	25
2023	35
2022	36
2021	52
2020	55
2019	57
2018	34
2017	48

Stage-wise distribution of FinTech SaaS sector companies in India

Out of the total 783 FinTech SaaS companies in India, 247 have secured funding. Among them, 91 have reached Series A or higher, and 57 to Series B or beyond.

Founded - 783

Funded - 247

Series A+ - 91

Series B+ - 57

Series C+ - 47

Company Stage	No. of companies
Founded	783
Funded	247
Series A+	91
Series B+	57
Series C+	47

Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more

Total funding year-on-year in the FinTech SaaS sector in India

The FinTech SaaS sector in India 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 $434M. There has been a total funding of $24.6M in 2026 till date.

Total Funding

Year	Total Funding
2026	$24.6M
2025	$208M
2024	$273M
2023	$151M
2022	$356M
2021	$434M
2020	$79.6M
2019	$150M
2018	$82.5M
2017	$45.3M

Recent Funding Rounds in FinTech SaaS in India

In the year 2026, till January 2026, FinTech SaaS companies in India have raised $24.6M in equity funding across 2 rounds. In the same period last year (i.e. till January 2025), FinTech SaaS companies in India had raised $6.3M across 5 rounds. So, 2026 has seen a 290.55% rise in funding in FinTech SaaS companies in India as compared to 2025.

Here are some recent, important funding rounds in FinTech SaaS companies in India:

Company	Round Raised	Amount Raised	Funding Date	Investors
Mylapay	Series A	5625	Jan 05, 2026	CDM Capital and 2 more
Knight FinTech	Series A	1167	Jan 02, 2026	Accel and 6 more
Tijori	Series A	3059	Nov 27, 2025	Zerodha
Bluecopa	Series A	2496	Nov 19, 2025	Blume Venture and 2 more
Navanc	Seed	2671	Nov 17, 2025	GrowthCap Ventures and 10 more

See a more detailed list of funding rounds

Accel is the top investor in FinTech SaaS companies in India based on number of companies invested.

Here are some top investors in FinTech SaaS companies in India:

Investor	Location	Top Portfolio Companies
Accel	Palo Alto (United States)	Credgenics, Tracxn, Knight FinTech and QwikCilver
Bessemer Venture Partners	Redwood City (United States)	Perfios, Rupifi, Remedinet Technologies and InRisk
Blume Venture	Mumbai (India)	IDfy, Falcon, DPDzero and Kaleidofin
Warburg Pincus	New York City (United States)	Perfios
Better Capital	Santa Clara (United States)	M2P Fintech, DPDzero, Riskcovry and Upswing Financial Technologies

See a more detailed list of investors

In the year 2025, till June 2025, 5 acquisitions happened in FinTech SaaS sector in India. Last year, in 2024, a total of 1 acquisition happened in FinTech SaaS sector in India.

Here are some recent, important acquisitions in FinTech SaaS sector in India:

Company	Acquisition Type	Acquisition Date	Acquirers
Fintellix	Business Acquisition	Jun 12, 2025	ICRA
Candela Labs	Business Acquisition	Apr 22, 2025	Sapiens
CreditNirvana	Business Acquisition	Mar 11, 2025	Perfios
Digiledge	Business Acquisition	Mar 04, 2025	Mintoak
BharatX	Business Acquisition	Feb 25, 2025	Super.Money

See a more detailed list of acquisitions

Acquisition trends in FinTech SaaS sector in India

Here are the acquisition trends in FinTech SaaS sector in India:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	5
2024	1
2023	4
2022	6
2021	7
2020	2
2019	4
2018	2
2017	4

In the year 2023, till July 2023, 1 IPO happened in FinTech SaaS sector in India.

Here are some recent, important IPOs in FinTech SaaS sector in India:

Company	IPO Date	Exchange Symbol
Veefin	Jul 05, 2023	Bombay Stock Exchange (BSE), National Stock Exchange (NSE)
Tracxn	Oct 20, 2022	National Stock Exchange (NSE), Bombay Stock Exchange (BSE)
Suvidhaa	Mar 31, 2021	National Stock Exchange (NSE), Bombay Stock Exchange (BSE)
IRIS	Oct 11, 2017	Bombay Stock Exchange (BSE)
Infibeam Avenues	Apr 04, 2016	National Stock Exchange (NSE), Bombay Stock Exchange (BSE)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the FinTech SaaS in India

Most number of FinTech SaaS startups in India have been founded by alumni from IIT Delhi, BITS Pilani and IIT Kharagpur.

College	No. of companies
IIT Delhi	20
BITS Pilani	18
IIT Kharagpur	18
IIT Bombay	16
IIM Bangalore	14
IIM Calcutta	14
IIM Ahmedabad	13
IIT Kanpur	13
Indian School of Business	11
IIT Madras	9

Total funding in FinTech SaaS companies founded by alumni from top colleges in India

In the last 10 years, BITS Pilani graduates' FinTech SaaS companies in India have raised the most funding among top colleges. IIT Kharagpur alumni are second, and IIT Kanpur alumni are third.

College	Total Funding
BITS Pilani	$636M
IIT Kharagpur	$500M
IIT Kanpur	$307M
IIT Delhi	$168M
Stanford University	$143M
IIT Bombay	$93.1M
IIM Ahmedabad	$80.7M
IIT Hyderabad	$67M
IIM Calcutta	$63M
Indian School of Business	$62.6M