Top 9 Fintech Companies in India in 2024


Paytm is India's largest digital payments platform, with over 350 million users and 20 million merchants. It offers services such as mobile wallets, UPI, QR codes, e-commerce, bill payments, and banking. Paytm is valued at $16 billion, making it India's most valuable startup.


PhonePe is a leading UPI-based payment app, with over 280 million users and 15 million merchants. It enables users to send and receive money, pay bills, recharge, shop online, and invest in mutual funds and insurance. PhonePe is a subsidiary of Flipkart, India's largest e-commerce company.


Razorpay is a payment gateway that enables online businesses to accept and process digital payments. It supports various modes of payments, such as cards, net banking, UPI, wallets, and international currencies. Razorpay also offers products such as RazorpayX, a neobanking platform, and Razorpay Capital, a lending platform.

Pine Labs

Pine Labs is a merchant platform that provides point-of-sale (POS) devices, payment processing, and software solutions. It serves over 150,000 merchants across India, Southeast Asia, and the Middle East. Pine Labs also offers consumer financing, loyalty programs, and analytics.


MobiKwik is a digital wallet and fintech platform that offers services such as mobile recharge, bill payments, online shopping, money transfer, and credit cards. It has over 120 million users and 3 million merchants. MobiKwik also operates a full-stack digital bank, called MobiKwik Blue.


Lendingkart is a fintech startup that provides unsecured business loans to MSMEs in India. It offers flexible loan tenure, minimal documentation, and quick disbursal. It has served over 2 lakh borrowers and disbursed over 10,000 crore till date.


MoneyTap is a digital lending platform that offers personal credit lines up to 5 lakh without any security or collateral. It allows users to transfer money instantly to their bank account, repay as EMIs, and pay interest only on the amount they use. It has over 15 million registered users and 4 million active investors.


ZestMoney is a digital EMI platform that enables users to shop on easy EMIs without credit card. It offers personalized credit limit of up to 2 lakh, no joining fees, no hidden charges, and 3-step fast approval process. It has partnered with over 85,000 online and offline merchants across various categories.


InCred is a new-age financial services group that leverages technology and data science to offer various financial products and services. It offers personal loans, education loans, business loans, merchant loans, and InCred Pronto, a salary advance product. It has over 17 million registered users and a credit book of over 5,000 crore.