The FinTech20: India
Ezetap Ezetap enables merchants to accept payments from any mobile wallet through their Ezetap mobile pointof-sale application. In March, Ezetap partnered with mobile Freecharge, which has over 15 million registered users for its Freecharge wallet. ezetap.com
If we wanted to coin a collective noun for Indian FinTech, it might well be a Magnificence. Innovation is abundant across India, and in selecting this list our panel looked at over 350 companies. Their inaugural 20 features a mix of emerging stars as well as those who might be considered members of India’s own FinTech Hall of Fame.
Bank Bazaar
ftcash
BankBazaar’s neutral online marketplace allows users to search for, compare and apply for loans, credit cards and insurance products. BankBazaar generated a funding of $60m in its C-Series funding in July 2015, and announced its international expansion with a move into Singapore in February 2016. bankbazaar.com
ftcash enables offline transactions by aggregating all payment gateways including credit cards, debit cards and mobile wallets under one channel. Founded by former CFO of Deutsche Bank India, ftcash was judged the winner at Paypal’s Start Tank Competition and Village Capital’s FinTech 2015 India Program. ftcash.com
BetterPlace Safety Solutions Founded in January 2015, and with a recent investment by a former Google India head, BetterPlace offers services such as personal, employment, educational, criminal and training verification services using data analytics and application tools. betterplace.co.in
CitrusPay The payment gateway company has over 15 million users. In March 2016, it announced a tie-up with Facebook for cards and net banking transactions. citruspay.com
Coverfox Online insurance portal helping users to search, buy, compare and understand insurance. coverfox.in
Juspay Juspay aggregates services across net banking, wallets and cards and offers payments technology solutions to merchants. Clients incude Amazon India and Snapdeal. The Bengalurubased mobile payments startup secured a $5.8m Series A funding from Accel Partners in February. juspay.in
Ketto Ketto is a social network for NGO/ social enterprises in India, serving as a platform for companies to raise funds, recruit volunteers, and build partnerships domestically and internationally. ketto.org
FundsIndia
Milaap
With 70,000 investors on their platform, FundsIndia is India’s first online platform created specifically for mutual fund investing. Founded in 2009, it believes that every family needs a retirement portfolio, and that most need to save for higher education needs and medium-term goals like buying a house. fundsindia.com
Milaap, which means ‘connecting people’ in Hindi & Urdu, is India’s largest funding platform for social and personal causes. It has shifted its HQ to Singapore, but its operations remain firmly focused on India. milaap.org
Get Fiscal
Founded in 2013, Paynear is a complete payment solution provider, enabling individuals & businesses of all sizes to easily manage their payment activities. paynear.in
Get Fiscal is an invoice and cashflow management platform for small businesses that enables timely working capital loans by connecting to strategic lender partners. getfiscal.in
IndiaLends A digital lending marketplace connecting borrowers and lenders to facilitate an instant loan transaction. Indialends.com
Paynear
Razorpay Bengaluru-based Razorpay’s payment gateway features an easy to use API, quick integration and simple pricing. Founded in 2013, it raised $9.8m in Series A funding last year. razorpay.com
RedCarpet Mobile Wallet with a unique growth strategy around loyalty and coupons. redcarpetup.com
Scripbox Four-year old Scripbox provides an algorithmic decision based on quantitative data about which mutual funds to buy. Last year, it raised $2.5m Series A funding from Accel Partners and angel investors. scripbox.com
TradersCockpit The smart trading and investing portal is ranked India’s #1 in this field with over 50,000 registered users. traderscockpit.com
Unocoin Founded in 2013, Unocoin is India’s first and largest platform for simple, secure and seamless trading/ exchange of bitcoins. unocoin.com
Paytm
Wishberry
With 128 million registered users, Paytm is the consumer brand of India’s leading mobile internet company One97 Communications. India’s largest mobile commerce platform anticipates 500m users in the next five years. paytm.com
Founded by Anshulika Dubey and Priyanka Agarwal, Mumbai-based Wishberry is a rewards-based crowdfunding platform that enables users to raise funds for their creative and innovative ideas. wishberry.in