New Startups FinTech in India

by FinTech World Fintech World


FinTech is not a simple word, in this one word the whole financial world comes. FinTech includes software and mobile applications, it refers to technology to improve traditional forms of finance for businesses and consumers. FinTech has been used to automate investment, insurance, trading, banking services, and risk management.

Top FinTech in India

In the last 33 years, digital payments in India have seen substantial growth during the financial year 2021-22. This year has fueled the growth of companies providing digital payment services. Some of the top fintech companies in India are as follows      

  1. AeronPay
  2. Paytm
  3. GooglePay
  4. BharatPe
  5. Mobikwik
  6. Freecharge
  7. Amazon Pay
  8. Cashfree Payments
  9. RazorPay
  10. PhonePe
  11. Wazirx
  12. Zerodha


AeronPay is one of India's largest fintech industry, digital payments, and mobile commerce services companies providing UPI payments, full-stack payments, and financial solutions to consumers. ,

They contributed immensely to this mission, which transforms the traditional forms of finance and makes billions of people cashless in India, and also seeks to uplift the fintech industry.


  • Earn Real Cashback points on every transaction.
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AeronPay started in 2018, in fintech Industries and its headquarter is located in Rajasthan, at that time company’s revenue was Rs 5,00,000. The company’s recent revenue growth is Rs 18 billion and the company’s goal is to increase the revenue up to Rs 100 billion in fintech Industries by 2024.

As of 2021, AeronPay offered 50+ services and had on-boarded 3.5K merchants/distributors and 850k customers. Its app was downloaded 180K+ times on the Google Play store and has 1M+ happy customers.


Paytm is India's leading financial services company that offers full-stack payments & financial solutions to consumers, offline merchants and online platforms. The company is on a mission to bring half a billion Indians into the mainstream economy through payments, commerce, banking, investments, and financial services. One97 Communications Limited that owns the brand Paytm is founded by Vijay Shekhar Sharma and is headquartered in Noida, Uttar Pradesh. Its investors include Softbank, Ant Financial, AGH Holdings, SAIF Partners, Berkshire Hathaway, T Rowe Price, and Discovery Capital.

Google Pay

Google Pay (stylized as G Pay; formerly Android Pay) is a digital wallet platform and online payment system developed by Google to power in-app, online, and in-person contactless purchases on mobile devices, enabling users to make payments with Android phones, tablets, or watches. Users in the United States and India can also use an iOS device, albeit with limited functionality.



BharatPe was co-founded by Ashneer Grover and Shashvat Nakrani in 2018 with the vision to make financial inclusion a reality for Indian merchants. BharatPe launched India’s first UPI interoperable QR code, first ZERO MDR payment acceptance service, and first UPI payment backed merchant cash advance service. In 2020, post-Covid, BharatPe also launched India’s only ZERO MDR card acceptance terminals – BharatSwipe. Currently serving over 50 lakh merchants across 35 cities, the company has grown business 30x in 2019 and is a leader in UPI offline transactions, having processed 5 crore+ UPI transactions a month (annualized TPV of US$ 5+ Bn). The company’s list of marquee investors includes Beenext, Sequoia, SteadView Capital, Ribbit Capital, Coatue Management LLC, Insight Partners, and Amplo.The company has already facilitated disbursement of over Rs. 500 crores to its merchants since launch. BharatPe has raised US$ 142.5 million till date.



MobiKwik is an Indian payment service provider founded in 2009 that provides a mobile phone-based payment system and digital wallet. Customers add money to an online wallet that can be used for payments. In 2013 the Reserve Bank of India authorized the company's use of the MobiKwik wallet, and in May 2016 the company began providing small loans to consumers as part of its service.[5]

In November 2016, the company reported having 1.5 million merchants using its service and a user base of 55 million customers. The company employs over 325 people, operating in three segments including consumer payments, fintech, and payment gateway.



Freecharge is a mobile payment portal that can be used to make utility payments, get attractive cashback offers as well as discount offers. Customers get many other benefits from Freecharge like insurance premium payment, instant fixed deposits, e-gold, mutual funds, etc. Freecharge provides the customers a secure platform to make payments as well as receive funds. The payment modes of Freecharge also include UPI payment mode and can link their bank accounts to their Freecharge account.


Amazon Pay

Amazon Pay is a service that lets you use the payment methods already associated with your Amazon account to make payments for goods, services, and donations on third-party websites, in apps, and using Alexa. To make a payment, you can use any of the payment methods on file in your Amazon account.


Cashfree Payments

Cashfree Payments is the easiest & best payment gateway solution for any developer. You can do the integration on any website with any stack. We have simple payment APIs with detailed documentation and SDKs for all major platforms. With responsive developer support, integrating Cashfree Payments is a smooth experience!



Razorpay is the only converged payments solution company in India that allows your business to accept, process, and disburse payments via its product suite. With Razorpay, you have access to all payment modes, including credit and debit cards, UPI, and popular mobile wallets.



PhonePe is an Indian digital payments and financial technology company headquartered in Bengaluru, Karnataka, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.



WazirX is India’s largest crypto exchange. Started in 2018, WazirX has grown to be the most trusted exchange in the Indian crypto market. It is a part of Binance group, which is the world’s largest crypto exchange, serving users in 180 countries.



Zerodha is a legal stock broker in India. The company is registered with SEBI, CDSL, BSE, NSE & MCX and works under the guidelines laid by stock market regulatory bodies. There are no reports of legal violations by the company. Nithin bootstrapped and founded Zerodha in 2010 to overcome the hurdles he faced during his decade long stint as a trader. Today, Zerodha has changed the landscape of the Indian broking industry.

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About FinTech World Junior   Fintech World

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Created on Jun 27th 2022 07:12. Viewed 169 times.


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