About FinTech sector in Jaipur, India
The FinTech sector in Jaipur, India comprises 306 companies, including 35 funded companies having collectively raised $128M in venture capital money and private equity. Out of these, 7 are Series A+ funded.
FinTech sector in Jaipur, India has seen 3 acquisitions and 1 IPO.
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 Jaipur, India
There are 306 FinTech startups in Jaipur, India which include Ascend Capital, Tax2win, Square Insurance Brokers, Hem Securities, Girnar Finserv. Out of these, 35 startups are funded, with 7 having secured Series A+ funding.
Over the past 10 years, an average of 20 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIM Calcutta, IIT Bombay and IIT Delhi.
Here is the list of top FinTech startups in Jaipur, India
Platform offering alternative financing solutions for electric vehicles. It provides users with a company that offers financial products for individuals, fleet operators, and businesses who are looking to purchase electric vehicles. It also offers competitive interest rates, flexible repayment options, and quick approval processes.
Key facts about Ascend Capital
- Founded Year: 2018
- Location: Jaipur (India)
- Stage: Series A
- Total Funding till date: $6.02M
- Investors: Info Edge Ventures, Asha and 33 Others
- Latest Funding Round: Series A, Feb 07, 2024, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 2 of 12 Competitors
2. Tax2win
Tax2Win is an online tax return preparation and filing software for individuals. Cloud-based software enables users to create an account, and file their taxes. Also provides value-added services such as assisted tax filing, and an HRA calculator. Allows users to download their IT return files after the deadline is passed.
Key facts about Tax2win
- Founded Year: 2015
- Location: Jaipur (India)
- Stage: Acquired
- Total Funding till date: $1.61M
- Latest Funding Round: Seed, Mar 24, 2018, $*****
- Tracxn Score: 60/100 What is this?
- Competitors Rank: 1 of 56 Competitors
Platform for insurance broking and policy comparison. It enables users to compare, purchase, and manage life, health, motor, travel, and business insurance policies through a single interface. The platform integrates multiple insurance providers, facilitating claims support, renewals, compliance, and real-time policy tracking to simplify insurance workflows.
Key facts about Square Insurance Brokers
- Founded Year: 2017
- Location: Jaipur (India)
- Stage: Seed
- Total Funding till date: $4M
- Investors: Negen Angel Fund, Recur Club and 8 Others
- Latest Funding Round: Seed, Jul 16, 2024, $*****
- Tracxn Score: 59/100 What is this?
- Competitors Rank: 9 of 155 Competitors
Stock brokerage and investment banking firm. It provides range of services including broking and depository, IPO, research, international market, investment banking, portfolio management services, and SME IPO. It also provides app-based online trading platform.
Key facts about Hem Securities
- Founded Year: 1981
- Location: Jaipur (India)
- Stage: Unfunded
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 26 of 278 Competitors
Provider of financial services and solutions. The company engages in offering various financial products and services, including vehicle financing and insurance brokerage, catering to both consumers and enterprises.
Key facts about Girnar Finserv
- Founded Year: 2019
- Location: Jaipur (India)
- Stage: Series C
- Total Funding till date: $116M
- Investors: C Development, TVS Capital Funds and 18 Others
- Latest Funding Round: Series C, Apr 18, 2025, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 13 of 324 Competitors
Companies founded year-on-year in the FinTech sector in Jaipur
36 FinTech startups in Jaipur 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 | - |
2025 | 3 |
2024 | 18 |
2023 | 24 |
2022 | 21 |
2021 | 36 |
2020 | 34 |
2019 | 18 |
2018 | 18 |
2017 | 29 |
Stage-wise distribution of FinTech sector companies in Jaipur
Out of the total 306 FinTech companies in Jaipur, 35 have secured funding. Among them, 7 have reached Series A or higher, and 5 to Series B or beyond.
Founded - 306
Funded - 35
Series A+ - 7
Series B+ - 5
Series C+ - 5
Company Stage | No. of companies |
|---|---|
Founded | 306 |
Funded | 35 |
Series A+ | 7 |
Series B+ | 5 |
Series C+ | 5 |
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Funding Trends in the FinTech sector in Jaipur
Total funding year-on-year in the FinTech sector in Jaipur
The FinTech sector in Jaipur saw a total funding of more than $128M in the last 10 years. The most amount of funding was in 2023 at more than $84.7M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $32M |
2024 | $9.71M |
2023 | $84.7M |
2022 | - |
2018 | $614K |
2017 | $239K |
Recent Funding Rounds in FinTech in Jaipur
In the year 2025, till October 2025, FinTech companies in Jaipur have raised $32M in equity funding across 3 rounds.
In the same period last year (i.e. till July 2024), FinTech companies in Jaipur had raised $9.71M across 6 rounds.
So, 2025 has seen a 229.4% rise in funding in FinTech companies in Jaipur as compared to 2024.
Here are some recent, important funding rounds in FinTech companies in Jaipur:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 6139 | 2025 | ||
Series C | 3089 | Apr 18, 2025 | ||
Series C | 8537 | Feb 05, 2025 | and 3 more | |
Angel | 1905 | Jul 17, 2024 | ||
Seed | 4140 | Jul 16, 2024 |
Top Investors in FinTech in Jaipur
DCT Capital is the top investor in FinTech companies in Jaipur based on number of companies invested.
Here are some top investors in FinTech companies in Jaipur:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Jaipur (India) | - | |
Jaipur (India) | - | |
Jaipur (India) | - | |
Jaipur (India) | - | |
Jaipur (India) | - |
M&A activity in FinTech sector in Jaipur
In the year 2024, till October 2024, 1 acquisition happened in FinTech sector in Jaipur.
Here are some recent, important acquisitions in FinTech sector in Jaipur:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 03, 2024 | ||
Business Acquisition | Feb 23, 2021 | ||
Business Acquisition | Jul 30, 2014 |
Acquisition trends in FinTech sector in Jaipur
Here are the acquisition trends in FinTech sector in Jaipur:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 1 |
2023 | - |
2022 | - |
2021 | 1 |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
IPOs in FinTech in Jaipur
In the year 2024, till September 2024, 1 IPO happened in FinTech sector in Jaipur.
Here are some recent, important IPOs in FinTech sector in Jaipur:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 23, 2024 | Bombay Stock Exchange (BSE) |
Colleges which produce the most FinTech companies in Jaipur
Companies founded by alumni from top colleges in the FinTech in Jaipur
Most number of FinTech startups in Jaipur have been founded by alumni from IIM Calcutta, IIT Bombay and IIT Delhi.
College | No. of companies |
|---|---|
IIM Calcutta | 2 |
IIT Bombay | 2 |
IIT Delhi | 2 |
IIT Kharagpur | 2 |
IIT Madras | 2 |
IIT Roorkee | 2 |
BIT Mesra | 1 |
BITS Mesra | 1 |
BITS Pilani | 1 |
IIM Ahmedabad | 1 |
Total funding in FinTech companies founded by alumni from top colleges in Jaipur
In the last 10 years, IIT Delhi graduates' FinTech companies in Jaipur have raised the most funding among top colleges. IIM Calcutta alumni are second, and IIT Madras alumni are third.
College | Total Funding |
|---|---|
IIT Delhi | $116M |
IIM Calcutta | $6.12M |
IIT Madras | $6.02M |
London Business School (LBS) | $253K |
BIT Mesra | $104K |
BITS Mesra | $104K |
IIT Bombay | $104K |
BITS Pilani | - |
IIM Ahmedabad | - |
IIT Kanpur | - |
Top News in FinTech in Jaipur
•
Tax2win Self ITR Filing for FY 2024-25 is LIVE. File Taxes EarlyAsian News International•Jun 24, 2025•Tax2win
•
Chargeup Partners With Credit Fair And Ascend Capital For E3W FundingElectronicsB2B•Feb 22, 2024•Chargeup, Credit Fair, Ascend Capital, ChargeUp
•
Square Insurance Tie-ups with DogmaSoft for delivering seamless insurance solutionsBusiness News This Week•Aug 02, 2023•Square Insurance Brokers, Dogmasoft
•
KDK Software announces MoU with All India Federation of Tax Practitioners (AIFTP)Asian News International•Dec 19, 2022•KDK Softwares, Aiftponline
•
Crypto Friendly Neo Banking Startup Cashaa Exits From Unicas in IndiaIndianWeb2•May 18, 2022•Cashaa, Unicas
•
Tax2win offers free self tax filing platform ahead of the tax filingAsian News International•Dec 07, 2021•Tax2win
