About FinTech sector in India
The FinTech sector in India comprises 16.5K companies, including 2.89K funded companies having collectively raised $51.1B in venture capital money and private equity. Out of these, 815 are Series A+ funded, and 30 have achieved unicorn status.
FinTech sector in India has seen 306 acquisitions and 76 IPOs.
This sector includes companies offering 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 India
There are 16,461 FinTech startups in India which include Groww, Paytm, PhonePe, Razorpay, ACKO. Out of these, 2,891 startups are funded, with 815 having secured Series A+ funding, and 30 achieving unicorn status.
2026 has seen the creation of 12 FinTech startups in India. Over the past 10 years, an average of 1,035 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Delhi, IIT Bombay and BITS Pilani.
Here is the list of top FinTech startups in India
1. Groww
Provider of an online platform for investments and trading services. The platform facilitates stock, exchange-traded fund, and initial public offering investments with order tracking. It offers tools for intraday monitoring, futures and options trading, and commodities trading. The platform also provides access to direct mutual funds, new fund offers, and mutual fund screeners.
Key facts about Groww
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Public
- Total Funding till date: $596M
- Investors: Tiger Global Management, Ribbit Capital and 24 Others
- Latest Funding Round: Series F, Jun 13, 2025, $*****
- Tracxn Score: 89/100 What is this?
- Competitors Rank: 1 of 94 Competitors
2. Paytm
Digital payment platform offering financial services, recharges and more. Its consumer solution includes mobile, DTH recharges, electricity bills, UPI transfers, flights/buses/trains booking, credit cards, insurance, and Paytm Money for trading/MTF. Its business solutions feature zero-balance accounts, payment gateway, Soundbox, QR codes, NACH collections, and APIs for MSMEs/corporates with instant settlements and GST invoicing.
Key facts about Paytm
- Founded Year: 2000
- Location: Noida (India)
- Stage: Public
- Total Funding till date: $3.16B
- Investors: Alibaba Group, Berkshire Hathaway and 78 Others
- Latest Funding Round: Angel, Nov 20, 2020, $*****
- Tracxn Score: 88/100 What is this?
- Competitors Rank: 1 of 517 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: $1.01B
- Investors: General Atlantic, Walmart and 25 Others
- Latest Funding Round: Series D, Jan 19, 2023, $*****
- Tracxn Score: 86/100 What is this?
- Competitors Rank: 3 of 2,285 Competitors
4. 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 35 Others
- Latest Funding Round: Series F, Dec 19, 2021, $*****
- Tracxn Score: 86/100 What is this?
- Competitors Rank: 3 of 2,676 Competitors
5. ACKO
Provider of car, bike, health, life, and travel insurance policies. It offers various insurance options, including motor, health, life, and travel coverage. The company provides services such as policy renewals, claims filing, and tracking. Additional offerings include car services, used car sales, and facilitating ABHA card creation.
Key facts about ACKO
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Series E
- Total Funding till date: $598M
- Investors: Multiples Alternate Asset Management, Ventureast and 48 Others
- Latest Funding Round: Series E, Jul 30, 2025, $*****
- Tracxn Score: 85/100 What is this?
- Competitors Rank: 1 of 98 Competitors
Companies founded year-on-year in the FinTech sector in India
12 new startups have been founded so far in 2026 in the FinTech sector in India. 1,954 FinTech startups in India 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 | 12 |
2025 | 256 |
2024 | 831 |
2023 | 1,133 |
2022 | 1,211 |
2021 | 1,954 |
2020 | 1,630 |
2019 | 1,189 |
2018 | 1,071 |
2017 | 1,063 |
Stage-wise distribution of FinTech sector companies in India
Out of the total 16,461 FinTech companies in India, 2,891 have secured funding. Among them, 815 have reached Series A or higher, and 570 to Series B or beyond.
Founded - 16,461
Funded - 2,891
Series A+ - 815
Series B+ - 570
Series C+ - 471
Company Stage | No. of companies |
|---|---|
Founded | 16,461 |
Funded | 2,891 |
Series A+ | 815 |
Series B+ | 570 |
Series C+ | 471 |
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 India
Total funding year-on-year in the FinTech sector in India
The FinTech sector in India saw a total funding of more than $44.9B in the last 10 years. The most amount of funding was in 2021 at more than $8.45B. There has been a total funding of $829M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $829M |
2025 | $3.63B |
2024 | $3.55B |
2023 | $4.01B |
2022 | $6.18B |
2021 | $8.45B |
2020 | $2.78B |
2019 | $5.8B |
2018 | $6.22B |
2017 | $3.49B |
Recent Funding Rounds in FinTech in India
In the year 2026, till April 2026, FinTech companies in India have raised $757M in equity funding across 52 rounds.
In the same period last year (i.e. till April 2025), FinTech companies in India had raised $664M across 122 rounds.
So, 2026 has seen a 13.93% rise in funding in FinTech companies in India as compared to 2025.
Here are some recent, important funding rounds in FinTech companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 9482 | Apr 24, 2026 | ||
Seed | 9657 | Apr 08, 2026 | - | |
Series E | 9261 | Apr 08, 2026 | and 6 more | |
Seed | 1357 | Apr 08, 2026 | ||
Seed | 9996 | Apr 06, 2026 |
Top Investors in FinTech in India
Accel is the top investor in FinTech companies in India based on number of companies invested.
Here are some top investors in FinTech companies in India:
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 India
In the year 2026, till March 2026, 2 acquisitions happened in FinTech sector in India. Last year, in 2025, a total of 26 acquisitions happened in FinTech sector in India.
Here are some recent, important acquisitions in FinTech sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 18, 2026 | ||
Business Acquisition | Feb 11, 2026 | ||
Business Acquisition | Dec 22, 2025 | ||
Business Acquisition | Nov 27, 2025 | ||
Business Acquisition | Nov 19, 2025 |
Acquisition trends in FinTech sector in India
Here are the acquisition trends in FinTech sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 2 |
2025 | 26 |
2024 | 28 |
2023 | 38 |
2022 | 43 |
2021 | 38 |
2020 | 12 |
2019 | 22 |
2018 | 33 |
2017 | 21 |
IPOs in FinTech in India
In the year 2025, till November 2025, 4 IPOs happened in FinTech sector in India.
Here are some recent, important IPOs in FinTech sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Nov 14, 2025 | 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) | |
Sep 30, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Dec 18, 2024 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) |
Colleges which produce the most FinTech companies in India
Companies founded by alumni from top colleges in the FinTech in India
Most number of FinTech startups in India have been founded by alumni from IIT Delhi, IIT Bombay and BITS Pilani.
College | No. of companies |
|---|---|
IIT Delhi | 188 |
IIT Bombay | 168 |
BITS Pilani | 157 |
Indian School of Business | 134 |
IIM Ahmedabad | 127 |
IIT Kanpur | 127 |
IIM Calcutta | 115 |
IIT Kharagpur | 107 |
IIM Bangalore | 106 |
IIT Madras | 89 |
Total funding in FinTech companies founded by alumni from top colleges in India
In the last 10 years, IIT Delhi graduates' FinTech companies in India have raised the most funding among top colleges. Indian School of Business alumni are second, and IIT Bombay alumni are third.
College | Total Funding |
|---|---|
IIT Delhi | $5B |
Indian School of Business | $4.19B |
IIT Bombay | $4.11B |
IIM Ahmedabad | $3.21B |
BITS Pilani | $2.04B |
IIM Bangalore | $1.95B |
IIT Kharagpur | $1.88B |
Stanford University | $1.56B |
IIM Calcutta | $1.51B |
IIT Roorkee | $1.44B |
Top News in FinTech in India
•
•
KFin Building Infrastructure for India’s Next Two Decades of Capital Market GrowthExpress Computer•Apr 10, 2026•KFin Technologies
•
•
•
•
•
•
Navi UPI Becomes Official Payments Partner of Royal Challengers BengaluruBusiness News This Week•Mar 26, 2026•RCB, Navi
•
Business Zopper Launches ZENOVA, India’s First Agentic Bancassurance Operating LayerOnline Media Cafe•Mar 26, 2026•Zopper
•
