About FinTech sector in Bengaluru, India
The FinTech sector in Bengaluru, India comprises 2.66K companies, including 729 funded companies having collectively raised $15.5B in venture capital money and private equity. Out of these, 222 are Series A+ funded, and 15 have achieved unicorn status.
FinTech sector in Bengaluru, India has seen 84 acquisitions and 7 IPOs.
This sector includes companies providing tech-enabled financial services and IT infrastructure and software for offering and managing financial services.
FinTech sector is also known as BFSI Tech.
Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc are included in this sector. Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc are excluded.
Top FinTech Companies in Bengaluru, India
There are 2,655 FinTech startups in Bengaluru, India which include Groww, Razorpay, PhonePe, ACKO, Digit Insurance. Out of these, 729 startups are funded, with 222 having secured Series A+ funding, and 15 achieving unicorn status.
2026 has seen the creation of 76 FinTech startups in Bengaluru, India. Over the past 10 years, an average of 178 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Bombay, BITS Pilani and IIT Kanpur.
Here is the list of top FinTech startups in Bengaluru, India
1. Groww
Provider of digital brokerage services for stocks and mutual funds. This platform facilitates the purchase and sale of equity shares, exchange traded funds, and direct mutual fund schemes. It provides tools for tracking market indices, monitoring portfolio performance, and executing trades through an integrated interface. Users access analytical data, including price charts and financial indicators, to manage investment positions and systematic investment plans. The service supports margin trading facilities and commodity trading options.
Key facts about Groww
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Public
- Total Funding till date: $596M
- Investors: Ribbit Capital, Kairos and 25 Others
- Latest Funding Round: Series F, Jun 13, 2025, $*****
- Tracxn Score: 88/100 What is this?
- Competitors Rank: 2 of 1,310 Competitors
2. Razorpay
Provider of a comprehensive financial platform for businesses to accept, process, and disburse payments. The platform enables organizations to manage banking operations, automate payroll compliance, and access credit facilities through a unified interface. It supports various payment modes, including credit cards, debit cards, netbanking, and digital wallets, while offering tools for payment gateway integration, payout management, and current account services.
Key facts about Razorpay
- Founded Year: 2014
- Location: Bengaluru (India)
- Stage: Series F
- Total Funding till date: $742M
- Investors: Peak XV Partners, GIC and 35 Others
- Latest Funding Round: Series F, Dec 19, 2021, $*****
- Tracxn Score: 86/100 What is this?
- Competitors Rank: 2 of 7,971 Competitors
3. PhonePe
Provider of digital payment, financial, and technology solutions for consumers. The company offers payment management, insurance, and investment services. Consumer and secured lending options are available. They provide digital gold and credit card services. Travel and commute booking services are also offered.
Key facts about PhonePe
- Founded Year: 2015
- Location: Bengaluru (India)
- Stage: Acquired
- Total Funding till date: $1.71B
- Investors: Walmart, General Atlantic and 25 Others
- Latest Funding Round: Series D, Jan 19, 2023, $*****
- Tracxn Score: 86/100 What is this?
- Competitors Rank: 1 of 290 Competitors
4. ACKO
Digital insurance platform offering car, bike, health, life, and travel insurance. Its platform enables customers to discover, compare, purchase, and manage insurance policies through digital channels, with features such as simplified pricing, rapid claims processing, cashless vehicle repairs, and 24/7 customer support. It also offers technology-enabled services such as vehicle insights, traffic fine payments, FASTag alerts, pollution certificate reminders, health emergency assistance, and policy analysis. Additionally, its digital automotive platform supports vehicle discovery, comparison, and online bookings.
Key facts about ACKO
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Series E
- Total Funding till date: $661M
- Investors: General Atlantic, Multiples Alternate Asset Management and 60 Others
- Latest Funding Round: Series E, Jul 10, 2026, $*****
- Tracxn Score: 85/100 What is this?
- Competitors Rank: 1 of 51 Competitors
Provider of general and life insurance products across various categories. It offers car, bike, health, property, travel, and business insurance, alongside term life, savings, retirement, and group life insurance plans. The company facilitates claims processing, policy renewals, and provides resources such as calculators, guides, and transparency reports. It also offers opportunities to become an agent for its insurance products.
Key facts about Digit Insurance
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Public
- Total Funding till date: $462M
- Investors: Faering Capital, TVS Capital Funds and 37 Others
- Latest Funding Round: Series D, May 04, 2022, $*****
- Tracxn Score: 84/100 What is this?
- Competitors Rank: 2 of 51 Competitors
Companies founded year-on-year in the FinTech sector in Bengaluru
76 new startups have been founded so far in 2026 in the FinTech sector in Bengaluru. 286 FinTech startups in Bengaluru were founded in 2021 - 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 | 76 |
2025 | 146 |
2024 | 165 |
2023 | 212 |
2022 | 231 |
2021 | 286 |
2020 | 204 |
2019 | 161 |
2018 | 165 |
2017 | 136 |
Stage-wise distribution of FinTech sector companies in Bengaluru
Out of the total 2,655 FinTech companies in Bengaluru, 729 have secured funding. Among them, 222 have reached Series A or higher, and 150 to Series B or beyond.
Founded - 2,655
Funded - 729
Series A+ - 222
Series B+ - 150
Series C+ - 121
Company Stage | No. of companies |
|---|---|
Founded | 2,655 |
Funded | 729 |
Series A+ | 222 |
Series B+ | 150 |
Series C+ | 121 |
Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Funding Trends in the FinTech sector in Bengaluru
Total funding year-on-year in the FinTech sector in Bengaluru
The FinTech sector in Bengaluru saw a total funding of more than $15B in the last 10 years. The most amount of funding was in 2021 at more than $4.13B. There has been a total funding of $2.16B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $2.16B |
2025 | $1.34B |
2024 | $855M |
2023 | $1.12B |
2022 | $2.11B |
2021 | $4.13B |
2020 | $1.53B |
2019 | $974M |
2018 | $396M |
2017 | $347M |
Recent Funding Rounds in FinTech in Bengaluru
In the year 2026, till October 2026, FinTech companies in Bengaluru have raised $1.64B in equity funding across 67 rounds.
In the same period last year (i.e. till October 2025), FinTech companies in Bengaluru had raised $1.01B across 101 rounds.
So, 2026 has seen a 61.14% rise in funding in FinTech companies in Bengaluru as compared to 2025.
Here are some recent, important funding rounds in FinTech companies in Bengaluru:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 3203 | Oct 26, 2026 | ||
Series B | 5000 | Oct 19, 2026 | ||
Seed | 3201 | Oct 16, 2026 | ||
Series A | 4567 | Oct 15, 2026 | ||
Seed | 7263 | Oct 07, 2026 |
Top Investors in FinTech in Bengaluru
Accel is the top investor in FinTech companies in Bengaluru based on number of companies invested.
Here are some top investors in FinTech companies in Bengaluru:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Palo Alto (United States) | ||
Menlo Park (United States) | ||
Cambridge (United States) | ||
Bengaluru (India) | ||
Redwood City (United States) |
_1583467951837.png?devicePixelRatio=2&height=20&width=20){kind=logo}
M&A activity in FinTech sector in Bengaluru
In the year 2026, till October 2026, 3 acquisitions happened in FinTech sector in Bengaluru. Last year, in 2025, a total of 11 acquisitions happened in FinTech sector in Bengaluru.
Here are some recent, important acquisitions in FinTech sector in Bengaluru:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 14, 2026 | ||
Business Acquisition | Jun 2026 | ||
Business Acquisition | May 19, 2026 | ||
Business Acquisition | Sep 04, 2025 | ||
Business Acquisition | Jul 29, 2025 |
Acquisition trends in FinTech sector in Bengaluru
Here are the acquisition trends in FinTech sector in Bengaluru:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 3 |
2025 | 11 |
2024 | 11 |
2023 | 7 |
2022 | 15 |
2021 | 12 |
2020 | 3 |
2019 | 8 |
2018 | 6 |
2017 | 3 |
IPOs in FinTech in Bengaluru
In the year 2026, till October 2026, 1 IPO happened in FinTech sector in Bengaluru.
Here are some recent, important IPOs in FinTech sector in Bengaluru:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 01, 2026 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Nov 13, 2025 | National Stock Exchange (NSE) | |
Nov 12, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
May 23, 2024 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Oct 20, 2022 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) |
Colleges which produce the most FinTech companies in Bengaluru
Companies founded by alumni from top colleges in the FinTech in Bengaluru
Most number of FinTech startups in Bengaluru have been founded by alumni from IIT Bombay, BITS Pilani and IIT Kanpur.
College | No. of companies |
|---|---|
IIT Bombay | 74 |
BITS Pilani | 62 |
IIT Kanpur | 59 |
IIT Kharagpur | 58 |
IIT Delhi | 51 |
IIT Madras | 46 |
IIM Bangalore | 38 |
Indian School of Business | 34 |
IIM Ahmedabad | 33 |
IIM Calcutta | 32 |
Total funding in FinTech companies founded by alumni from top colleges in Bengaluru
In the last 10 years, IIT Bombay graduates' FinTech companies in Bengaluru have raised the most funding among top colleges. Wharton School and University of Pennsylvania alumni are second.
College | Total Funding |
|---|---|
IIT Bombay | $2.2B |
Wharton School | $1.71B |
University of Pennsylvania | $1.71B |
NMIMS | $1.49B |
IIT Delhi | $1.38B |
BITS Pilani | $1.34B |
XLRI- Xavier School of Management | $1.13B |
IIT Roorkee | $1.03B |
IIT Kharagpur | $945M |
National University of Singapore (NUS) | $816M |
Top News in FinTech in Bengaluru
•
•
PhonePe Rebrands Share.Market as PhonePe Invest, Launches Portfolio OptimiserViestories•Oct 19, 2026•PhonePe
•
•
CreditNirvana Launches India's First Integrated AI Suite for Voice Co-Browsing and Agentic Debt Collections OrchestrationBusinessnewsthisweek•Oct 06, 2026•CreditNirvana
•
•
•
•
PhonePe to launch UAE operations in maiden global foray, gets central bank licenceMoneycontrol•Sep 09, 2026•PhonePe
•
PhonePe and Visa Launch Three New Payment Solutions to Enhance Digital TransactionsTimes Now News•Sep 09, 2026•PhonePe, Visa
•
PhonePe launches UPI payments for feature phones, enables transactions without internetThe Tribune•Aug 31, 2026•PhonePe
