About FinTech sector in Bengaluru, India
The FinTech sector in Bengaluru, India comprises 2.63K companies, including 721 funded companies having collectively raised $14.9B in venture capital money and private equity. Out of these, 221 are Series A+ funded, and 15 have achieved unicorn status.
FinTech sector in Bengaluru, India has seen 82 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 2,633 FinTech startups in Bengaluru, India which include Groww, PhonePe, Razorpay, ACKO, Digit Insurance. Out of these, 721 startups are funded, with 221 having secured Series A+ funding, and 15 achieving unicorn status.
2026 has seen the creation of 62 FinTech startups in Bengaluru, India. Over the past 10 years, an average of 175 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Bombay, BITS Pilani and IIT Kharagpur.
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 1,565 Competitors
2. 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: 2 of 2,448 Competitors
3. 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
4. ACKO
Provider of digital insurance products including car, bike, health, life, and travel coverage. The company offers a range of insurance solutions through a digital platform, enabling users to purchase policies and manage claims online. Its offerings include comprehensive coverage for vehicles, health plans for families and individuals, term life insurance, and international travel protection. The service focuses on simplifying the insurance process by providing digital tools for policy management, claim filing, and real-time assistance.
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 59 Others
- Latest Funding Round: Series E, Jul 10, 2026, $*****
- Tracxn Score: 85/100 What is this?
- Competitors Rank: 1 of 24 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 35 Others
- Latest Funding Round: Series D, May 04, 2022, $*****
- Tracxn Score: 84/100 What is this?
- Competitors Rank: 2 of 1,245 Competitors
Companies founded year-on-year in the FinTech sector in Bengaluru
62 new startups have been founded so far in 2026 in the FinTech sector in Bengaluru. 284 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 | 62 |
2025 | 134 |
2024 | 162 |
2023 | 216 |
2022 | 231 |
2021 | 284 |
2020 | 203 |
2019 | 160 |
2018 | 163 |
2017 | 136 |
Stage-wise distribution of FinTech sector companies in Bengaluru
Out of the total 2,633 FinTech companies in Bengaluru, 721 have secured funding. Among them, 221 have reached Series A or higher, and 147 to Series B or beyond.
Founded - 2,633
Funded - 721
Series A+ - 221
Series B+ - 147
Series C+ - 118
Company Stage | No. of companies |
|---|---|
Founded | 2,633 |
Funded | 721 |
Series A+ | 221 |
Series B+ | 147 |
Series C+ | 118 |
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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 $14.3B in the last 10 years. The most amount of funding was in 2021 at more than $4.14B. There has been a total funding of $1.37B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $1.37B |
2025 | $1.38B |
2024 | $797M |
2023 | $1.15B |
2022 | $2.14B |
2021 | $4.14B |
2020 | $1.57B |
2019 | $986M |
2018 | $414M |
2017 | $347M |
Recent Funding Rounds in FinTech in Bengaluru
In the year 2026, till September 2026, FinTech companies in Bengaluru have raised $1.36B in equity funding across 52 rounds.
In the same period last year (i.e. till September 2025), FinTech companies in Bengaluru had raised $1.02B across 90 rounds.
So, 2026 has seen a 33.95% 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 |
|---|---|---|---|---|
Series B | 9966 | Sep 10, 2026 | ||
Seed | 5963 | Sep 04, 2026 | ||
Series D | 7720 | Sep 03, 2026 | ||
Series B | 4894 | Aug 31, 2026 | ||
Series C | 2637 | Aug 19, 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) |
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M&A activity in FinTech sector in Bengaluru
In the year 2026, till May 2026, 1 acquisition 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 | May 19, 2026 | ||
Business Acquisition | Sep 04, 2025 | ||
Business Acquisition | Jul 29, 2025 | ||
Business Acquisition | Jun 12, 2025 | ||
Business Acquisition | May 16, 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 | 1 |
2025 | 11 |
2024 | 10 |
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 Kharagpur.
College | No. of companies |
|---|---|
IIT Bombay | 72 |
BITS Pilani | 61 |
IIT Kharagpur | 60 |
IIT Kanpur | 57 |
IIT Delhi | 53 |
IIT Madras | 46 |
IIM Bangalore | 39 |
IIM Ahmedabad | 34 |
Indian School of Business | 34 |
IIM Calcutta | 33 |
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 | $2.21B |
Wharton School | $1.71B |
University of Pennsylvania | $1.71B |
NMIMS | $1.49B |
IIT Delhi | $1.45B |
BITS Pilani | $1.35B |
IIT Roorkee | $1.03B |
IIT Kharagpur | $1B |
IIM Ahmedabad | $678M |
IIT Kanpur | $660M |
Top News in FinTech in Bengaluru
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PhonePe to launch UAE operations in maiden global foray, gets central bank licenceMoneycontrol•Sep 09, 2026•PhonePe
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PhonePe and Visa Launch Three New Payment Solutions to Enhance Digital TransactionsTimes Now News•Sep 09, 2026•PhonePe, Visa
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PhonePe launches UPI payments for feature phones, enables transactions without internetThe Tribune•Aug 31, 2026•PhonePe
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UPI will remain free for consumers, PhonePe CEO Sameer Nigam assuresMoneycontrol•Aug 08, 2026•PhonePe
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FYERS to Launch Category III AIF in Q2, Aims to Raise Rs 1,000 CroreDeccan Herald•Jun 22, 2026•FYERS
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