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Fintech India Report – October 2016
TracxnWorld’s Largest Startup Research Platform
2
Fintech India Report – October 20163
Contents
Topic Page No.
Scope of Report 04
Entrepreneur Activity 06
Investment Trend 10
Who is Investing 18
Exit Outlook - IPO, Acquisitions 22
Sub Sector Analysis 24
Consumer Fintech Evolution 45
Interesting Companies 48
Useful Links 66
Company List 68
Team 236
Fintech India Report – October 20164
Sector Overview
Scope of report
This report includes all Indian companies under the following Fintech subsectors:
• Payments - Tools which help in the process of payments such as gateways, processors, PoS payment processors, cards, etc.
• Mobile Payments - Mobile based payment tools and solutions such as MPoS, wallets, payment aggregators, etc.
• Investment Tech - Public and private market investing-based solutions such as trading platforms, wealth management tools,etc. Excludes traditional trading tip providers and brokers.
• Insurance Tech - Platforms which help insurance companies by providing risk management tools, distribution platforms, etc.
• Banking Tech - Enabler of banking services via tech solutions, distribution platforms, backend solution providers, etc.Excludes companies that offer services to financial institutions.
• Lending - Platforms that help financial institutions with credit scoring and lead generation. Also includes loan comparisonplatforms, peer to peer lending platforms and digital balance sheet lenders.
• Consumer Finance - Tools that help consumers in personal finance management, expense splitting, tax filing etc. Excludestraditional platforms that offer offline finance management advisory services.
• Enterprise Finance - Includes accounting, compliance and taxation tools for enterprises.
• Cryptocurrency - Virtual currencies built on blockchain.
• Crowdfunding - Platforms which help people raise money by donations, rewards or equity.
The report includes all the transactions that have happened in this space till 12th October 2016.
The scope of this report includes equity, debt as well as post IPO rounds of funding received by the companies.
Fintech India Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Consumer Fintech Evolution
Interesting Companies
Useful Links
Company List
Team
5
Fintech India Report – October 2016
60 65
108125
192
374
137
0
80
160
240
320
400
2010 2011 2012 2013 2014 2015 2016
Nu
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YoY – Number of companies founded
Paytm Ezetap MyUniverse Capital Float Lendingkart
EarlySalary
InCred
FreeCharge Citrus Pay Cloud Lending Faircent Razorpay LoanTap
CoinTribe
Fintech India Report – October 20167
Large Upcoming Sectors
No. of Companies Founded
Average Age
No. of Companies Funded
Business ModelTotal
FundingExample
75 Sep-2014 23 Lending > Consumer Loans $24MFaircent
2013, Gurgaon
41 Sep-2014 10 Lending > Commercial Loans $131MNeoGrowth
2010, Mumbai
51 Aug-2014 8 Mobile Payments > Money Transfer $9MChillr
2014, Mumbai
22 Jul-2013 3 Cryptocurrency $4MUnocoin
2013, Bangalore
48 Feb-2014 10Investment Tech > Public Market Investing > Robo Advisor
$33MFundsIndia
2009, Chennai
159 May-2013 16 Consumer Finance $37MCleartax
2010, Delhi
Fintech India Report – October 20168
Niche Upcoming Sectors
No. of Companies Founded
Average Age
No. of Companies Funded
Business ModelTotal
FundingExample
19 Aug-2014 11Lending > Consumer Loans > Purchase Loans
$10MFlexmoney
2016, Mumbai
7 Aug-2014 2Lending > Consumer Loans > Personal Loans > B2C Marketplace
$1MIndiaLends2014, Delhi
3 Aug-2014 2Lending > Commercial Loans > Direct Lender
$41MCapital Float
2013, Bangalore
3 Aug-2014 1Lending > Commercial Loans > Working Capital > Direct Lenders
$43MLendingkart
2014, Ahmedabad
5 Jul-2014 2Investment Tech > Public Market Investing > Trading Platform > Thematic Investing
UndisclosedSmallcase
2015, Bangalore
19 May-2014 5Lending > Consumer Loans > Personal Loans > P2P Marketplace
$8MFaircent
2013, Gurgaon
7 Aug-2013 4Lending > Consumer Loans > Purchase Loans > EMI based
$5MONEMi
2011, Chennai
Fintech India Report – October 20169
Niche Upcoming Sectors
No. of Companies Founded
Average Age
No. of Companies Funded
Business ModelTotal
FundingExample
5 May-2015 1Lending > Consumer Loans > Student Loans
UndisclosedMeritlane
2015, Chennai
3 Apr-2015 2Lending > Consumer Loans > Purchase Loans > Buy Now Pay Later
$2MePayLater
2016, Mumbai
7 Jan-2015 5Lending > Consumer Loans > Purchase Loans > Students
$3MKrazyBee
2016, Bangalore
8 Nov-2014 2Lending > Commercial Loans > Working Capital > Alternate Financing > Discounting
$750KKredx
2015, Bangalore
7 Nov-2014 2 Lending > Enabler > Credit Rating $2MCreditVidya
2012, Mumbai
17 Sep-2014 3Lending > Commercial Loans > B2C Marketplace
UndisclosedUdyogCredit
2016, Mumbai
6 Sep-2014 1Lending > Consumer Loans > Payday Loans
$2MEarlySalary2015, Pune
Fintech India Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Consumer Fintech Evolution
Interesting Companies
Useful Links
Company List
Team
10
Fintech India Report – October 201611
YoY – Number of Rounds and Total Funding
Note: The funding includes debt and post IPO rounds also.
$58M $62M$13M
$110M$77M
$127M
$201M
$1.4B
$512M
7 7 9
20
29
32
45
8083
0
18
36
54
72
90
0
320
640
960
1280
1600
2008 2009 2010 2011 2012 2013 2014 2015 2016
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Funding Amount Number of Rounds
Fintech India Report – October 201612
YoY – Number of Rounds by Stage
9
19 19
27
4451
7
710
13
22
20
4
22
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7
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36
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2011 2012 2013 2014 2015 2016
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Seed Early Late
Fintech India Report – October 201613
YoY – Funding by Stage
$1M $4M $4M $13M $24M $27M$29M $26M $59M $83M$135M $116M$80M $48M
$63M
$105M
$1.2B
$252M
0
320
640
960
1280
1600
2011 2012 2013 2014 2015 2016
Tota
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Seed Early Late
Fintech India Report – October 201614
Average Ticket Size – Early Stage
$0.2M $0.3M $0.2M$0.6M
$1.0M $0.8M
$4.2M
$3.2M $3.2M $3.3M
$5.4M
$4.2M
$6.2M $6.5M
$9.3M
$11.7M
$12.4M
$15.4M
0.0
3.6
7.2
10.8
14.4
18.0
2011 2012 2013 2014 2015 2016
Fun
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Seed Series A Series B
Fintech India Report – October 201615
Top investments in last one year
CompanyFunding Amount
Round Name
Date Investors
incred.comInCred
(Mumbai, 2016)$74M PE Aug-2016 IDFC, Alpha Capital
paytm.comPaytm
(Noida, 2010)$60M Series F Aug-2016 MediaTek
mobikwik.comMobiKwik
(Gurgaon, 2009)$50M Series C May-2016 MediaTek, Sequoia Capital, Tree Line Investment Management, GMO Venture Partners
paytm.comPaytm
(Noida, 2010)$45M Debt Mar-2016 ICICI Bank
mobikwik.comMobiKwik
(Gurgaon, 2009)$40M Series C Aug-2016 NET1
finopaytech.comFINO PayTech
(Mumbai, 2006)$38M PE Jul-2016 Bharat Petroleum
neogrowth.inNeoGrowth
(Mumbai, 2010)$35M Series D Jul-2016
Omidyar Network, Khosla Impact, India Infoline Asset Management, AspadaInvestments
capitalfloat.comCapital Float
(Bangalore, 2013)$25M Series B Apr-2016 Creation Investments, SAIF Partners, Sequoia Capital, Aspada Investments
Fintech India Report – October 201616
Top investments in last one year
CompanyFunding Amount
Round Name
Date Investors
citruspay.comCitrus Pay
(Mumbai, 2011)$25M Series C Oct-2015 Ascent Capital, Sequoia Capital, Econtext Asia, Beenos
lendingkart.comLendingkart
(Ahmedabad, 2014)$20M Series B Jun-2016 Bertelsmann India Investments, Mayfield, Saama Capital, India Quotient
deal4loans.comDeal4loans
(Delhi, 2007)$15M Series A Jul-2016 Franklin Templeton Investments
transerv.co.inTranserv
(Mumbai, 2011)$15M Series C Apr-2016 Nirvana Ventures Advisors, Faering Capital, Micromax Informatics, IDFC Mutual Fund
cleartax.inCleartax
(Delhi, 2010)$12M Series A Jun-2016 SAIF Partners
lendingkart.comLendingkart
(Ahmedabad, 2014)$12M Debt Jun-2016 Bertelsmann India Investments, Mayfield, India Quotient, Saama Capital
qwikcilver.comQwikCilver
(Bangalore, 2008)$10M Series B Jul-2016 Sistema, Amazon India, Accel Partners, Helion Venture Partners
razorpay.comRazorpay
(Bangalore, 2014)$9M Series A Oct-2015 Tiger Global Management, Matrix Partners India
Fintech India Report – October 201617
Funnel view of Sector
Percent of Previous
18%
47%
38%
38
25
41
107
230
1268
0 280 560 840 1120 1400
M&A & IPO
Late
Series B
Series A
Funded
Founded
Number of Companies
Fintech India Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Consumer Fintech Evolution
Interesting Companies
Useful Links
Company List
Team
18
Fintech India Report – October 201619
Most Active Investors in Sector
32
16
109 9
87
6 65
0
7
14
21
28
35
SequoiaCapital
AccelPartners
BlumeVentures
IntelCapital
SAIFPartners
Matrix PartnersIndia
IDGCapital Partners
AspadaInvestments
Kae Capital IndiaQuotient
Tota
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MobiKwik Qwikcilver Chillr FINO PayTech ItzCash Fintellix NeoGrowth FortunePay Lendingkart
FreeCharge Coverfox Unocoin Policybazaar
Paytm
MswipeAgile FinancialTechnologies Capital Float Qubecell MomoeCapital Float
Fintech India Report – October 201620
Where are Top Investors investing
Sequoia Capital
AccelPartners
Blume Ventures
Intel Capital
SAIF Partners
Matrix Partners
India
IDG Capital Partners
AspadaInvestments
Kae CapitalIndia
Quotient
Mobile Payments
MobiKwik, FreeCharge,
Chillr
JusPay, MyPoolin,
ChillrQubeCell
Paytm Mswipe Momoe QubeCell Momoe
PaymentsGharpay,
Citrus Pay, Pine Labs
QwikCilver, Wibmo,
InstamojoGharpay
ItzCashWibmo
ItzCashRazorpay
FortunePayGharpay
LendingBankBazaar, Capital Float, APNAPAISA
Indifi, Quiklo, SlicePay APNAPAISA Capital Float Finomena CreditMantriNeoGrowthCapital Float
Lendingkart
Banking TechMahindra Comviva,
Fintellix, ClinkClink FINO PayTech Fintellix
BankSmarts Solutions
ClinkInCights
Insurance Tech OneAssist Coverfox Turtlemint Policybazaar CoverfoxAgile Financial Technologies
Software for Institutional
InvestorsHeckyl
Investment Tech
Scripbox, , Moneysights Tracxn WealthTrust
Fintech India Report – October 201621
Top Investor by Stage of Entry
Sequoia Capital 9
Accel Partners 4
Intel Capital 3
American Express 2
Aspada Investments 2
Helion Venture Partners 2
IDG Capital Partners 2
Inventus Capital Partners 2
Lightspeed Venture Partners 2
Matrix Partners India 2
Sequoia Capital 4
Faering Capital 2
IFC 2
MediaTek 2
TPG 2
ABG Capital 1
Accion 1
Actis 1
Alibaba Group 1
Alpha Capital 1
Seed Series A Series B Later Stage
Sequoia Capital 13
Accel Partners 7
SAIF Partners 5
IDG Capital Partners 4
Kalaari 4
Blume Ventures 3
Matrix Partners India 3
Accion 2
Greylock Partners 2
Intel Capital 2
Blume Ventures 7
Accel Partners 4
Kae Capital 4
Prime Venture Partners 4
Sequoia Capital 4
TracxnLabs 4
Rainmatter 3
Start-Up Chile 3
Startupbootcamp 3
Y Combinator 3
Fintech India Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Consumer Fintech Evolution
Interesting Companies
Useful Links
Company List
Team
22
Fintech India Report – October 201623
Acquisitions in 2016
Date Company Acquirer Deal Size OverviewTotal
Funding
Sep-2016 citruspay.comCitrus Pay
(Mumbai, 2011)payu.com $130M
Payment gateway and mobile walletSequoia Capital, 91springboard, Ascent Capital, Beenos, EcontextAsia, Beenext
$32.5M
Aug-2016 sesameindia.com
Sesame Software Solutions
(Kozhikode, 1993)
speridian.com UndisclosedCore banking solutions company
Unfunded
Jul-2016 momoe.inMomoe
(Bangalore, 2014)shopclues.com Undisclosed
Mobile wallet for payments at offline storesJungle Ventures, IDG Capital Partners, India Quotient
$1.2M
Apr-2016 phonepe.comPhonePe
(Bangalore, 2015)flipkart.com Undisclosed
UPI based payment appUnfunded
Apr-2016 instapaisa.comInstaPaisa
(Delhi, 2015)incred.com Undisclosed
B2C marketplace for personal loansUnfunded
Mar-2016 qarth.inQarth
(Chennai, 2012)olacabs.com Undisclosed
Interbank mobile payment service on mobileUnfunded
Mar-2016 ruplee.comRuplee
(Gurgaon, 2014)paylo.in Undisclosed
Mobile app to make payments at restaurantsUnfunded
Feb-2016 emvantage.comEmvantage
(Delhi, 2012)amazon.com Undisclosed
Online payment gateway solutionUnfunded
Fintech India Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Consumer Fintech Evolution
Interesting Companies
Useful Links
Company List
Team
24
Fintech India Report – October 201625
October 2016Tracxn BlueBox : FinTech - India
Cumulative funding in the sector
1200+ companies in the sector, 175 funded since 2011, $1.78B invested in 2015/16 Most Active Investors: Sequoia Capital, Accel Partners, Blume Ventures
Practice Area - India | Analyst: @PrasannaMunot
25
SOFTWARE FORINSTITUTIONAL INVESTORS
$64M
BANKING TECH
FINO PayTech (2006, $103M)
$310M
CONSUMER FINANCE $37M
Personal Finance Mgmt MoneyView (2014, $8.5M)
Tax FilingclearTax (2010, $15M)
Eka Software (2004, $57M)
PAYMENTS $312M
LENDING $341M
Commercial LoansCapital Float (2013, $41M)
Consumer LoansePayLater (2016, $2M)
Micro-FinanceMilaap Social Ventures (2010, 1.35M)
EnablersBank Bazaar (2008, $80M)
MOBILE PAYMENTS $1.3B
mPOSEzetap (2011, $35M)
WalletPaytm (2010, $950M)
Payment TechnologyJuspay (2012, $6M)
Money TransferChillr (2014, $7M)
CROWDFUNDING
EquityTracxn Syndicate (2015, Bangalore)
DonationBitGiving (2013, Undisclosed)
RewardsWishberry (2012, $650k)
$3.5M
INVESTMENT TECH $47M
ProcessorFSS
(1991, $70M)
GatewayCitrus
(2011, $32.5M, Acq)
PoSPine Labs
(2004, $20M)
CardsQwikCilver
(2008, $20M)
RemittancesTimesOfMoney
(2000, Mumbai)
INSURANCE TECH
PolicyBazaar (2008, $70M)
$104M
Public Market
Trading PlatformRKSV (2009, $4M)
Data PlatformMarketsMojo (2015, $300K)
AdvisoryFundsIndia (2009, $15.4M)
Private Market Tracxn (2013, $3.7M)
$9M
$38M
Fintech India Report – October 201626
Top Business Models by Funding
$1.3B
$360M $345M $311M
$115M$64M $47M $37M $8M $4M
0
280
560
840
1120
1400
MobilePayments
Payments Lending BankingTech
InsuranceTech
Software forInstitutional
Investors
InvestmentTech
ConsumerFinance
EnterpriseFinance
Forex
Tota
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# Cos. 169 102 195 106 73 56 243 159 72 13
Avg. Age Feb-13 Jul-09 Nov-13 Jun-09 Nov-11 Jan-10 Sep-11 May-13 Jan-11 Jul-13
PaytmFinancial Software
SystemsBankBazaar FINO PayTech Policybazaar
Eka Software Solutions
FundsIndia Cleartax Chargebee BookMyForex
MobiKwik ItzCash InCredAGS Transact Technologies
Coverfox Heckyl MyUniverse Walnut Niyo Solutions Fxkart
Fintech India Report – October 201627
Payments – Overview
Cash Payments
• Paper-based transactions cleared through checks in FY 2015 totaled to INR 85 lakh crore (US$1.33 Trillion) whereas cashlesstransactions through credit card, debit card, NEFT, and online wallets accounted INR 92 lakh crore (US$1.43 Trillion)
• It is estimated that the Reserve Bank and commercial banks in India spend a total of INR 21,000 crore in currency operationscosts annually
Card Payments
• Debit card transactions have grown by 36.5% CAGR (compounded annual growth rate) over the past five years, while creditcard transactions have grown 21%
• The average ticket size for credit card transactions was Rs.3,089, up by 4.2%, while for debit card transactions it wasRs.1,502, the same level as FY14
Mobile Banking
• Mobile banking transactions jumped 46% to INR 49,029 crore in December 2015 over the previous month• Amount transacted in December 2015 rose more than fourfold from the Rs.11,323 crore in December 2014• Contribution from phones and tablets to digital payments is expected to increase at 30% of overall digital payments by 2020• 220 million smartphone users in India in February 2016; Expected to be 520 million by 2020
Prepaid instruments
• Prepaid instruments contribute only INR 21,342 crore (US$3.3 billion) which is not even 1% of the total cashless payments(FY 2015)
Fintech India Report – October 201628
Mobile Payments – Business Model Description
Companies using mobile as a medium to send and receive money
Wallet Money Transfer mPOS Technology Direct Carrier Billing
Mobile apps allowingmoney transfer fromanywhere
POS payments enabledby mobiles
Mobile Paymentstechnology solutionproviders
Payments done throughmobile subscriptionprovider
Mobile instruments tostore digital money
Fintech India Report – October 201629
Mobile Payments – Entrepreneur Activity and Investment Trend
$0.2M $8M$38M $52M
$1.1B
$212M2
5
97
19
8
0
4
8
12
16
20
0
240
480
720
960
1200
2011 2012 2013 2014 2015 2016
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YoY – Total Funding and No. of Rounds
$1.2B
$75M$10M $6M Undisclosed
0
280
560
840
1120
1400
Wallet mPOS Money Transfer Technology Direct CarrierBilling
Fun
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BM wise Investment
12
2014
23
63
15
0
14
28
42
56
70
2011 2012 2013 2014 2015 2016
Nu
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YoY – No. of Companies Founded
Fintech India Report – October 201630
Mobile Payments – Most Funded Companies
Company Overview Business ModelFunding Amount
paytm.comPaytm
(2010, Noida)
Mobile wallet, e-commerce platform and payments bankHDFC Bank, ICICI Bank, SAIF Partners, Saama Capital, Silicon Valley Bank, Reliance Capital, Alibaba Group, MediaTek
Mobile Payments > Wallet > Semi-Closed System
$950M
mobikwik.comMobiKwik
(2009, Gurgaon)
Mobile wallet, recharge, bill paymentsAmerican Express, Sequoia Capital, GMO Venture Partners, MediaTek, NET1, Cisco Investments, Tree Line Investment Management, InnoVen Capital
Mobile Payments > Wallet > Semi-Closed System
$127M
freecharge.inFreeCharge
(2010, Mumbai)Platform for recharges, bill payments and payment processingSequoia Capital, Sofina, ruNet, Tybourne Capital Management, InnoVen Capital
Mobile Payments > Wallet > Semi-Closed System
$116.94M
mswipe.comMswipe
(2009, Mumbai)
POS merchant acquirer & network providerOla, Axis Bank, Matrix Partners India, DSG Consumer Partners, Meru Kapital, Falcon Edge Capital
Mobile Payments > mPOS > Card Payments
$35M
ezetap.comEzetap
(2011, Bangalore)
Device for merchants to accept card and wallet paymentsAmerican Express, Helion Venture Partners, Horizons Ventures, S23P, Capricorn, Berggruen, Social Capital, Prime Venture Partners
Mobile Payments > mPOS $35M
money-on-mobile.netMoneyOnMobile(2010, Mumbai)
Mobile wallet, recharge and paymentsCalpian
Mobile Payments > Wallet > Semi-Closed System
$29.7M
chillr.inChillr
(2014, Mumbai)Smartphone application for P2P money transactionsSequoia Capital, Mobme, Blume Ventures
Mobile Payments > Money Transfer
$8M
juspay.inJusPay
(2012, Bangalore)Digital payments gateway for eCommerce merchantsAccel Partners
Mobile Payments > Technology > Checkout
$5.9M
Fintech India Report – October 201631
Payments – Business Model Description
Companies that enable businesses to accept payments. Also include payment networks and payment cards
Gateway Cards POS Payment processors Service Aggregators Processor
Companies offeringpre-paid cards toconsumers
Companies with anetwork of retailtouchpoints which offervariety of paymentservices
Provides backendinterface betweenmerchant account,gateways and cardnetworks
Provides online checkoutpages /APIs/ embeddedlinks to sellers to acceptpayments
Companies enablingmerchants and banks toprocess point of salepayments
Fintech India Report – October 201632
Payments – Entrepreneur Activity and Investment Trend
$51M
$30M
$7M
$20M
$0.1M$8M
$88M
$58M
$26M4
2
1
3
5
3
7 6
4
0
2
3
5
6
8
0
20
40
60
80
100
2008 2009 2010 2011 2012 2013 2014 2015 2016
Nu
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Fun
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YoY – Total Funding and No. of Rounds
$91M
$72M $71M $71M
$27M
$14M
0
20
40
60
80
100
Processor ServiceAggregators
Cards Gateway PoS B2BPayments
Fun
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BM wise Investment
6
45
9 9
1413
14
2
0
3
6
10
13
16
2008 2009 2010 2011 2012 2013 2014 2015 2016
Nu
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YoY – No. of Companies Founded
Fintech India Report – October 201633
Payments – Most Funded Companies
Company Overview Business ModelFunding Amount
fsstech.comFinancial Software Systems
(1991, Chennai)Provider of electronic payment & financial transaction processing solutionsNEA, Jacob Ballas Capital, The Carlyle Group
Payments > Processor $70M
itzcash.comItzCash
(2006, Mumbai)Multi Purpose Prepaid Cash CardLightspeed Venture Partners, Matrix Partners India, Intel Capital
Payments > Cards > Pre-Paid Cards
$50.6M
myoxigen.comOxigen
(2004, Gurgaon)Payment collection solution provider and service distributorMicrosoft, Citi
Payments > Service Aggregators
$46.5M
citruspay.comCitrus Pay
(2011, Mumbai)Payment gateway and mobile walletSequoia Capital, 91springboard, Ascent Capital, Beenos, Econtext Asia, Beenext
Payments > Gateway $32.5M
suvidhaa.comSuvidhaa
(2007, Mumbai)Payment services through retail outlets and mobile appIFC, Norwest Venture Partners, Mitsui, Reliance Venture Asset Management
Payments > Service Aggregators
$25M
pinelabs.comPine Labs
(1998, Noida)Payment TechnologiesSequoia Capital, New Atlantic Ventures
Payments > PoS $20M
ventureinfotek.comVenture Infotek(1997, Mumbai)
Transaction processing and payment solutionsKubera Partners, GIV Management, Kubera Cross-Border Fund
Payments > Processor $20M
qwikcilver.comQwikCilver
(2008, Bangalore)Multi-brand gift card store and B2B backend technology providerAmazon India, Accel Partners, Helion Venture Partners, Sistema
Payments > Cards > Pre-Paid Cards > Gift Cards
$20M
Fintech India Report – October 201634
SMB Lending – Overview
• Total Debt demand by SMEs - $520B
• No of SMBs in India - 50M+
• Met Demand - $140B
• By Banks, NBFCs and Financial Institutions
• Unmet Demand - $198B
• Serviceable market not addressed by traditional FinancialInstitutions
• Cannot be financed - $182B
• Includes loss making enterprises, SMBs that have defaulted,SMBs with no history and SMBs that prefer finance frominformal sources
27%
38%
35%
SMB Financing Market - 2012
Met Demand Unmet Demand Cannot be Financed
Source
• Manufacturing sector accounts for an 29% of total enterprises in the MSME sector
• The manufacturing sector accounts for 61% of the viable debt demand that can be addressed by formal financial institutionsin the near term, whereas the services sector accounts for the remaining 39%
• Working capital accounts for ~70% of the total debt demand from the manufacturing sector and for service enterprises,working capital requirements is ~41% of the total debt demand
Fintech India Report – October 201635
Consumer Lending – Overview
Source1 Source2 Source3
• Credit Suisse estimates that
• Retail loans accounted for US$310 billion in 2014 and the segment is expected to witness a CAGR of 18% to reach
US$830 billion by 2020
• The number of credit cards in India is more than 2.45 Crores (March 2016)
• Home loans is the major contributor and housing loans grew 17.8% in August 2015 compared with 15.5% a year ago
• Banks' personal loan segment grew at 17.3% year-on-year in August 2015 compared with 12.8% a year ago
• Car loans increased 17% year on-year in August 2015
• CIBIL Consumer Bureau has records of more than 220 Million individuals
• Purchase loans has seen a lot of funding activity recently and traditional lenders have are increasing their focus on
e-commerce purchase loans. Recently, Bajaj Finserv and Flipkart have tied up to offer a monthly installment scheme
Fintech India Report – October 201636
Lending – Business Model Description
Includes platforms connecting lenders and borrowers. Also includes digital lenders and platforms enabling lenders
Consumer Loans Loan Comparison Commercial Loans Credit Rating and Credit Score Improvement
Platforms helping users to getquotes and check eligibility forloan products from multiplelenders
Online lending platformsoffering loans to businesses forworking capital, expansion,equipment financing, etc.
Includes platforms that usealternate data points to build ascore. Also includes platformsthat help users to identifyproblems in their creditreports and offer solutions toimprove credit score.
Includes online lendingplatforms offering loans toconsumer for various purposeslike point of sale finance,education finance, housingfinance, etc.
Fintech India Report – October 201637
Lending – Entrepreneur Activity and Investment Trend
$1M $3M $0M $6M $0.1M $4M$18M
$103M
$199M
1 1 1 2 1 36
21
33
0
7
14
21
28
35
0
50
100
150
200
250
2008 2009 2010 2011 2012 2013 2014 2015 2016
Nu
mb
er of R
ou
nd
s
Fun
din
g A
mo
un
t (i
n M
illio
ns)
YoY – Total Funding and No. of Rounds
$119M $119M
$74M
$24M
$5M
0
28
56
84
112
140
CommercialLoans
LoanComparison
HorizontalDirect Lender
ConsumerLoans
Credit Ratingand Credit Score
Improvement
Fun
din
g A
mo
un
t (i
n M
illio
ns)
BM wise Investment
3 27
11 10 10
30
81
37
0
18
36
54
72
90
2008 2009 2010 2011 2012 2013 2014 2015 2016
Nu
mb
er o
f C
om
pan
ies
Fou
nd
ed
YoY – No. of Companies Founded
Fintech India Report – October 201638
Lending – Most Funded Companies
Company Overview Business ModelFunding Amount
bankbazaar.comBankBazaar
(2008, Chennai)Loan comparison platformAmazon India, Sequoia Capital, Walden International, Eight Roads Ventures
Lending > Enabler > Lead Generation > Loan Comparison
$80M
incred.comInCred
(2016, Mumbai)Tech NBFC in SME and consumer lendingIDFC, Alpha Capital
Lending > Direct Lender $74M
neogrowth.inNeoGrowth
(2010, Mumbai)
Working capital lending platformOmidyar Network, Accion, Khosla Impact, Aspada Investments, India Infoline Asset Management, Quona Capital
Lending > Commercial Loans > Working Capital > Merchant Cash Advance
$46.6M
capitalfloat.comCapital Float
(2013, Bangalore)Online lending platform for small businessesSAIF Partners, Sequoia Capital, Creation Investments, Aspada Investments
Lending > Commercial Loans > Direct Lender
$41M
lendingkart.comLendingkart
(2014, Ahmedabad)
Online platform that provides working capital for SMBs in IndiaIFMR Trust, Saama Capital, Mayfield, Bertelsmann, India Quotient, Bertelsmann India Investments
Lending > Commercial Loans > Working Capital > Direct Lenders
$30.65M
apnapaisa.comAPNAPAISA
(2007, Mumbai)Online marketplace for loans and investment productsSequoia Capital, JAFCO Asia, Intel Capital, ChrysCapital
Lending > Enabler > Lead Generation > Loan Comparison
$20.2M
deal4loans.comDeal4loans
(2007, Delhi)Online portal for loan comparison.Franklin Templeton Investments
Lending > Enabler > Lead Generation > Loan Comparison
$15M
faircent.comFaircent
(2013, Gurgaon)P2P lending marketplaceAarin Capital, Brand Capital, JM Financial, M and S Capital Partners
Lending > Consumer Loans > Personal Loans > P2P Marketplace
$8.25M
Fintech India Report – October 201639
Banking Tech – Business Model Description
Software Solutions Regulatory Compliance Fraud & Risk Management
Technology Solutions Banking Correspondent
Platforms helpinglenders and financialinstitutions to complywith the regulations
Platforms helpinginstitutions to reducefrauds
Platforms offeringstechnology solutions tolenders to improveoperations
Tech companies offeringbanking services onbehalf of Banks
Platforms offeringsoftware solutions thathelp banks to managetheir back endoperations like loans,cash, wealth, treasury,etc.
Fintech India Report – October 201640
Banking Tech – Entrepreneur Activity and Investment Trend
$6M
$15M
$3M
$76M
$57M
$23M
$1M
$31M
$38M
1
2 2
5
4
4 4 4 4
0
1
2
4
5
6
0
16
32
48
64
80
2008 2009 2010 2011 2012 2013 2014 2015 2016
Nu
mb
er of R
ou
nd
s
Fun
din
g A
mo
un
t (i
n M
illio
ns)
YoY – Total Funding and No. of Rounds
$115M$102M
$33M$24M
$17M$14M
0
28
56
84
112
140
BankingCorrespondent
TechnologySolutions
SoftwareSolutions
MarketingSolutions
RegulatoryCompliance
BankingFrontend
Fun
din
g A
mo
un
t (i
n M
illio
ns)
BM wise Investment
6
1
7
3
78
13
23
6
0
5
10
15
20
25
2008 2009 2010 2011 2012 2013 2014 2015 2016
Nu
mb
er o
f C
om
pan
ies
Fou
nd
ed
YoY – No. of Companies Founded
Fintech India Report – October 201641
Banking Tech – Most Funded Companies
Company Overview Business ModelFunding Amount
finopaytech.comFINO PayTech
(2006, Mumbai)
Financial inclusion technology providerICICI Bank, HSBC Group, Life Insurance Corporation of India, IFC, Blackstone, Intel Capital, Corporation Bank, Legatum, ICICI Lombard, Bharat Petroleum, Union Bank Of India, Indian Bank
Banking Tech > Banking Correspondent
$102.6M
agsindia.com
AGS Transact Technologies
(2002, Mumbai)
End to end payment solutions providerTPG, Actis
Banking Tech > Technology Solutions > White Label ATM
$80M
infrasofttech.comInfrasoft Technologies
(1995, Mumbai)Software solutions provider for financial enterprisesBaring Private Equity Asia
Banking Tech > Software Solutions > Horizontal
$24.8M
loylty.comLoylty Rewardz(2006, Mumbai)
Loyalty & relationship management company.Canaan Partners, Ventureast, India Ideas, InnoVen Capital
Banking Tech > Marketing Solutions > Loyalty
$24.4M
btipayments.inBTI Payments India Pvt
(1991, Bangalore)White label ATMICICI Venture
Banking Tech > Technology Solutions > White Label ATM
$22.4M
mahindracomviva.comMahindra Comviva
(1999, Gurgaon)Mobile financial solutionsSequoia Capital, Cisco, Westbridge Capital
Banking Tech > Banking Frontend > Mobile
$13.5M
fintellix.comFintellix
(2006, Bangalore)Analytics, Risk & Compliance Solutions for BankingSequoia Capital, IDG Capital Partners
Banking Tech > Regulatory Compliance
$12.5M
cloudlendinginc.comCloud Lending
(2012, Bangalore)Cloud based management platforms for lending institutions.EPIC Ventures, SF Capital, Lighter Capital, Green Visor Capital, Cota Capital
Banking Tech > Software Solutions > Loan Management
$8.15M
Fintech India Report – October 201642
Insurance Tech – Business Model Description
• The insurance industry of India consists of 53 insurance companies of which 24 are in life insurance business and 29 arenon-life insurers
• India's insurable population is anticipated to touch 750 million in 2020, with life expectancy reaching 74 years• The insurance market is expected to quadruple in size over the next 10 years from its current size of US$ 60 billion. And the
life insurance market is slated to cross US$ 160 billion. (Jan 2016)• The general insurance business in India is currently at US$ 11.7 billion premium per annum is growing at a healthy rate of
17%. (Jan 2016)• In India, sale through digital channel is 2% whereas digital influence is 12% (10% for motor, 12% for life, 14% for health and
19% for travel)
Insurance Aggregators Data Providers Software Solutions Gadget Insurance
Platforms offering data whichcan be used by Insurers forbetter claims and fraudmanagement
Platform offering softwaresolutions to Insurers andinsurance agents
Platforms enabling consumers toinsure electronic gadgets againsttheft and damage
Licensed platforms aggregatingpolicies from various Insurers
Source: IBEF
Fintech India Report – October 201643
Insurance Tech – Entrepreneur Activity and Investment Trend
$4M $0.1M$7M $6M
$10M
$27M
$60M
$3M
1 1
4
2
3
5
4
5
0
1
2
4
5
6
0
14
28
42
56
70
2009 2010 2011 2012 2013 2014 2015 2016
Nu
mb
er of R
ou
nd
s
Fun
din
g A
mo
un
t (i
n M
illio
ns)
YoY – Total Funding and No. of Rounds
$87M
$11M $10M $8M
0
20
40
60
80
100
InsuranceAggregators
GadgetInsurance
SoftwareSolutions
DataProviders
Fun
din
g A
mo
un
t (i
n M
illio
ns)
BM wise Investment
34
8
5
7
10
19
4
0
4
8
12
16
20
2009 2010 2011 2012 2013 2014 2015 2016
Nu
mb
er o
f C
om
pan
ies
Fou
nd
ed
YoY – No. of Companies Founded
Fintech India Report – October 201644
Insurance Tech – Most Funded Companies
Company Overview Business ModelFunding Amount
policybazaar.comPolicybazaar
(2008, Gurgaon)
Leading online insurance aggregator in India.Info Edge India, Inventus Capital Partners, Intel Capital, Tiger Global Management, Ribbit Capital, ABG Capital, Steadview Capital, Premji Invest
Insurance Tech > Insurance Aggregators
$69.6M
coverfox.comCoverfox
(2011, Mumbai)Insurance aggregator and selling platformAccel Partners, SAIF Partners, Catamaran Ventures
Insurance Tech > Insurance Aggregators
$14M
oneassist.inOneAssist
(2011, Mumbai)One-stop assistance and security service for mobile, credit/debit card theft and lossLightspeed Venture Partners, Sequoia Capital, Assurant, Trifecta Capital
Insurance Tech > Gadget Insurance
$11M
agile-ft.comAgile Financial Technologies
(2008, Mumbai)BFSI software solution providerIDG Capital Partners
Insurance Tech > Software Solutions
$5.74M
skymet.netSkymet Weather Services
(2003, Noida)Crop insurance and weather forecasting data servicesOmnivore, DMG Information
Insurance Tech > Data Providers
$5.5M
healthhiway.comHealthHiway
(2007, Hyderabad)Care coordination solutions for healthcare organizationsGreylock Partners
Insurance Tech > Software Solutions
$4M
easypolicy.comEasypolicy
(2011, Noida)Online selling and comparison platform for insuranceUnilazer Ventures
Insurance Tech > Insurance Aggregators
$2.2M
itransglobal.comiTrans Technologies(2009, Bangalore)
OBD device, app, development platform and analytics engine for connected cars Insurance Tech > Data Providers
$2.1M
Fintech India Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Consumer Fintech Evolution
Interesting Companies
Useful Links
Company List
Team
45
Fintech India Report – October 201646
Consumer Fintech Evolution
Fintech India Report – October 201647
Consumer Fintech Evolution
Alternative Lending
• Alternative lending started off with companies such as BankBazaar which offer convenience and have evolved to amarketplace model offering end to end support
• The growth of e-commerce has helped companies like Cashcare, Simpl and ePaylater to offer solutions to buyer
Payments
• Paytm and Mobikwik have disrupted the entire payments sector but companies like Chillr are making transactions easier byoffering bank to bank money transfer using contact number and are gaining popularity among users
• Since 2010, it was observed that buyers were using multiple payment options companies like FTCash and Unopay have comeup to help users and merchants manage payments
Insurance Tech
• Insurance is a highly regulated sector and thus has seen less innovation• The sector started off with PolicyBazaar a web aggregator followed by Coverfox, an online direct broker. Players like
turtlemint are coming up to offer personalized insurance solutions
Investment Tech
• Insurance Tech is a sector waiting to be disrupted. The sector started off with Arthyantra’s online advisory services andevolved to a robo-advisory service model (Scripbox)
• To reduce trading costs, companies like RKSV and Zerodha started in 2009 & 2010• Post 2015, to increase the volume of retail trading transactions, innovative platforms like thematic investing, social network
based investing, professional advice investing have come up
Fintech India Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Consumer Fintech Evolution
Interesting Companies
Useful Links
Company List
Team
48
Fintech India Report – October 201649
Interesting Unfunded Companies
Company OverviewBusiness Model
cashe.co.inCASHe
(2016, Mumbai)
Short term personal loan platform Lending > Consumer Loans > Personal Loans > Short Term
CarX(2016, Bangalore)
Mobile app for tracking driving and vehicle analytics Insurance Tech > Data Providers
novoloans.comNovoloans
(2016, Mumbai)
Micro-lending marketplaceLending > Commercial Loans > B2C Marketplace
LegUp(2016, Mumbai)
Financing for career enhancing activitiesLending > Consumer Loans > Student Loans > Career Enhancing Activities
MyBanker(2016, Gurgaon)
AI based Banking assistantBanking Tech > Back-End Solutions > Customer Experience
GetHonestPay(2016, Bangalore)
Healthcare financing options Lending > Consumer Loans > Healthcare
wealthyfox.inWealthyFox
(2016, Mumbai)
Platform for aggregating & comparing financial analytics companies Investment Tech > Public Market Investing > Data Platform > Analytics
ReBase(2016, Bangalore)
Mobile app for payday loans Lending > Consumer Loans > Payday Loans
lastmile.mobiLastmile
(2015, Hyderabad)
Platform for last mile payments managementPayments > Technology
Curated list of companies by the sector analyst are defined as Interesting
Fintech India Report – October 201650
Interesting Unfunded Companies
Company OverviewBusiness Model
talkoot.inTalkoot
(2015, Bangalore)Social platform for traders and investors
Investment Tech > Public Market Investing > Trading Platform > Online Stock Trading Platform > Social Trading
altflo.coAltflo
(2015, Mumbai)Deal making platform for alternative asset firms
Investment Tech > Private Market Investing > Deal-Origination Platform
marketfinance.co.inMarket Finance India
(2015, Bangalore)B2C marketplace for commercial loans Lending > Commercial Loans > B2C Marketplace
rupeek.comRupeek
(2015, Bangalore)Alternate lending platform for gold loans
Lending > Consumer Loans > Gold Loans > B2C Marketplace
FrauShield(2015, Delhi)
AI based financial fraud detection and alerting Banking Tech > Fraud & Risk Management
CashFree(2015, Bangalore)
Plug-n-play APIs for payments and banking Payments > Gateway
Tipbaba(2015, Gurgaon)
Platform to connect to follow top stock performersInvestment Tech > Public Market Investing > Advisory > Trading Tips
Algorial(2015, Bangalore)
R&D solutions for algo tradingSoftware for Institutional Investors > Market Data Analytics
Esthenos(2015, Bangalore)
Field force automation solutions for the financial services industry
Fintech India Report – October 201651
Interesting Unfunded Companies
Company OverviewBusiness Model
SaveAbhi(2015, Gurgaon)
Micro savings platformConsumer Finance > Personal Finance Management > Savings
Numberz(2015, Bangalore)
Invoice discounting platformLending > Commercial Loans > Working Capital > Alternate Financing > Discounting
ultracash.com1Crowd
(2015, Mumbai)Equity crowd funding platform Crowdfunding > Equity
Slonkit(2015, Mumbai)
Internet enabled prepaid card and wallet targeted at teenagers & students
Mobile Payments > Wallet > Semi-Open System
mTuzo(2015, Delhi)
Provides API to banks for customer analytics Banking Tech > Marketing Solutions > Analytics
Fastbanking(2015, Mumbai)
EMI based purchase loans providerLending > Consumer Loans > Purchase Loans > EMI based
fonePaisa(2014, Bangalore)
Mobile app for payments at online and offline retail stores Mobile Payments > Money Transfer
UltraCash(2014, Bangalore)
High frequency sound based money transfer companyMobile Payments > Money Transfer > Proximity Payments > Sound Waves
slonkit.comCashCare
(2014, Mumbai)Consumer lending platform for eCommerce purchases
Lending > Consumer Loans > Purchase Loans > EMI based
Fintech India Report – October 201652
Interesting Unfunded Companies
Company OverviewBusiness Model
SaveAbhi(2015, Gurgaon)
Micro savings platformConsumer Finance > Personal Finance Management > Savings
Numberz(2015, Bangalore)
Invoice discounting platformLending > Commercial Loans > Working Capital > Alternate Financing > Discounting
ultracash.com1Crowd
(2015, Mumbai)Equity crowd funding platform Crowdfunding > Equity
Slonkit(2015, Mumbai)
Internet enabled prepaid card and wallet targeted at teenagers & students
Mobile Payments > Wallet > Semi-Open System
mTuzo(2015, Delhi)
Provides API to banks for customer analytics Banking Tech > Marketing Solutions > Analytics
Fastbanking(2015, Mumbai)
EMI based purchase loans providerLending > Consumer Loans > Purchase Loans > EMI based
fonePaisa(2014, Bangalore)
Mobile app for payments at online and offline retail stores Mobile Payments > Money Transfer
UltraCash(2014, Bangalore)
High frequency sound based money transfer companyMobile Payments > Money Transfer > Proximity Payments > Sound Waves
slonkit.comCashCare
(2014, Mumbai)Consumer lending platform for eCommerce purchases
Lending > Consumer Loans > Purchase Loans > EMI based
Fintech India Report – October 201653
Interesting Seed Companies
Company Overview Business ModelTotal
Funding
cointribe.comCoinTribe
(2015, Delhi)Business and personal loan platform Lending > B2C Marketplace $3M
paynear.inPaynear
(2013, Hyderabad)mPOS solutions provider
Mobile Payments > mPOS > Card Payments
$2.5M
earlysalary.comEarlySalary
(2015, Pune)
NBFC linked lending platform for consumer loansTranscorp International
Lending > Consumer Loans > Payday Loans $1.5M
indialends.comIndiaLends
(2014, Delhi)
Web-based personal loans marketplaceDSG Consumer Partners
Lending > Consumer Loans > Personal Loans > B2C Marketplace
$1M
tradelab.inTradeLab
(2012, Kolkata)
Online trading platform for institutionsRainmatter
Software for Institutional Investors > Trading Platform
$890K
utradesolutions.comuTrade
(2011, Chandigarh)
Open-source multi-asset trading platform and blockchain based settlement/clearingAxis Bank, Morpheus Gang
Software for Institutional Investors > Algorithmic Trading
$800K
kredx.comKredx
(2015, Bangalore)
Online invoice discounting platform for SMEsPrime Venture Partners
Lending > Commercial Loans > Working Capital > Alternate Financing > Discounting
$750K
Fintech India Report – October 201654
Interesting Seed Companies
Company Overview Business ModelTotal
Funding
happay.inHappay
(2012, Bangalore)
Web/mobile based business expense management solutionTLabs, Prime Venture Partners
Enterprise Finance > Accounting Tool > Expense Management
$520K
slicepay.inSlicePay
(2015, Bangalore)
EMI based purchase loans for studentsTracxnLabs, Blume Ventures
Lending > Consumer Loans > Purchase Loans > Students
$500K
impactguru.comImpact Guru
(2014, Mumbai)
Crowdfunding platform for social causesRB Investments
Crowdfunding > Donation > Causes $500K
affordplan.comAffordplan
(2016, Delhi)
Saving plans for medical treatmentKstart
Consumer Finance > Personal Finance Mangement > Savings
$500K
active.aiActive AI
(2016, Bangalore)
AI based SaaS platform for financial servicesKstart
Banking Tech > Customer Experience > AI $500K
marketsmojo.comMarketsMojo
(2015, Mumbai)Algorithm-based stock research platform
Investment Tech > Public Market Investing > Data Platform
$300.26K
wealthy.inWealthy
(2015, Bangalore)
Automated advisor for tax saving investmentsTracxnLabs
Investment Tech > Public Market Investing > Advisory > Robo Advisor
$237K
i-lend.iniLend
(2012, Hyderabad)
P2P marketplace for personal loansAngel Investment Network, Angaros Group
Lending > Consumer Loans > Personal Loans > P2P Marketplace
$134.7K
Fintech India Report – October 201655
Interesting Seed Companies
Company Overview Business ModelTotal
Funding
ikaaz.comiKaaz
(2012, Bangalore)NFC based mPOS
Mobile Payments > Money Transfer > Proximity Payments > NFC
Undisclosed
mobiswipe.inMobiSwipe
(2011, Mumbai)
Mobile POS payment service.One97 Communications
Mobile Payments > mPOS > Card Payments
Undisclosed
lendenclub.comLendenClub
(2014, Mumbai)
Online marketplace for P2P lendingVenture Catalysts
Lending > Consumer Loans > Personal Loans > P2P Marketplace
Undisclosed
taurowealth.comTauro Wealth
(2015, Bangalore)
Online platform providing investment ideas on thematic investingTracxnLabs
Investment Tech > Public Market Investing > Trading Platform > Thematic Investing
Undisclosed
financebuddha.comFinanceBuddha
(2012, Bangalore)
Loan comparison platformThe Chennai Angels
Lending > Enabler > Lead Generation > Loan Comparison
Undisclosed
novopay.inNovopay
(2014, Bangalore)
Bank sponsored walletKhosla Labs
Mobile Payments > Wallet > Open System Undisclosed
turtlemint.comTurtlemint
(2015, Mumbai)
Online platform for Insurance comparisonNexus Venture Partners, Blume Ventures
Insurance Tech > Insurance Aggregators Undisclosed
ziploan.inZipLoan
(2015, Delhi)
Lending platform for small businessesGrowX Ventures
Lending > Commercial Loans > Direct Lender
Undisclosed
Fintech India Report – October 201656
Interesting Seed Companies
Company Overview Business ModelTotal
Funding
gopaysense.comPaySense
(2015, Mumbai)
EMI based purchase loan checkout platformNexus Venture Partners
Lending > Consumer Loans > Purchase Loans > EMI based
Undisclosed
finomena.comFinomena
(2015, Bangalore)
EMI based purchase loan providerMatrix Partners India
Lending > Consumer Loans > Purchase Loans > Students
Undisclosed
arthayantra.comArthaYantra
(2007, Hyderabad)
Web-based platform for personal finance planningWFA Global Investments
Investment Tech > Public Market Investing > Advisory > Robo Advisor
Undisclosed
indifi.comIndifi
(2015, Gurgaon)
SME lending platformAccel Partners, Elevar Equity
Lending > Commercial Loans > B2C Marketplace
Undisclosed
tavaga.comTavaga
(2015, Mumbai)Mobile and web based investment management platform
Investment Tech > Public Market Investing > Advisory > Robo Advisor
Undisclosed
loanzen.inLoanZen
(2015, Bangalore)
Unsecured working capital loans platformTracxnLabs
Lending > Commercial Loans > Working Capital > B2C Marketplace
Undisclosed
Fintech India Report – October 201657
Interesting Series A Companies
Company Overview Business ModelTotal
Funding
cleartax.inCleartax
(2010, Delhi)
Free Income Tax preparation and e-filing portalY Combinator, Paytm, SAIF Partners, Sequoia Capital, Founders Fund, FundersClub
Consumer Finance > Personal Finance Mangement > Tax Filing
$15.42M
deal4loans.comDeal4loans
(2007, Delhi)
Online portal for loan comparison.Franklin Templeton Investments
Lending > Enabler > Lead Generation > Loan Comparison
$15M
getwalnut.comWalnut
(2014, Pune)
Mobile based personal SMS assistant and expense tracking appSAIF Partners, Sequoia Capital
Consumer Finance > Personal Finance Mangement > Budgeting
$9M
moneyview.inMoneyView
(2014, Bangalore)
Personal finance smartphone appAccel Partners, Tiger Global Management, Ribbit Capital
Consumer Finance > Personal Finance Mangement > Budgeting
$8.5M
faircent.comFaircent
(2013, Gurgaon)
P2P lending marketplaceAarin Capital, Brand Capital, JM Financial, M and S Capital Partners
Lending > Consumer Loans > Personal Loans > P2P Marketplace
$8.25M
cloudlendinginc.comCloud Lending
(2012, Bangalore)
Cloud based management platforms for lending institutions.EPIC Ventures, SF Capital, Lighter Capital, Green Visor Capital, Cota Capital
Banking Tech > Software Solutions > Loan Management
$8.15M
juspay.inJusPay
(2012, Bangalore)
Digital payments gateway for eCommerce merchantsAccel Partners
Mobile Payments > Technology > Checkout
$5.9M
agile-ft.com
Agile Financial Technologies
(2008, Mumbai)
BFSI software solution providerIDG Capital Partners
Insurance Tech > Software Solutions $5.74M
Fintech India Report – October 201658
Interesting Series A Companies
Company Overview Business ModelTotal
Funding
onemi.inONEMi
(2011, Chennai)
EMI based purchase loan providerVentureast
Lending > Consumer Loans > Purchase Loans > EMI based
$5M
rksv.inRKSV
(2009, Mumbai)
Online retail brokerage firmKalaari, GVK
Investment Tech > Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee
$4M
customerxps.comCustomerXPs
(2006, Bangalore)
Fraud & Customer experience management solutions for financial, retail and telecom industryJAFCO Asia
Banking Tech > Fraud & Risk Management $4M
Tracxn(2013, Bangalore)
Market intelligence platform for private market investingSAIF Partners, Beenext
Investment Tech > Private Market Investing > Data Platform
$3.7M
rubique.comRubique
(2014, Mumbai)
Online marketplace for financial productsKalaari, Globevestor, Yournest, Dexter Angel Circle
Lending > Enabler > Lead Generation > Loan Comparison
$3M
loantap.inLoanTap
(2016, Mumbai)Platform for flexible consumer loan products. Lending > Consumer Loans > Direct Lender $3M
creditmantri.comCreditMantri
(2012, Chennai)
Credit management servicesIDG Capital Partners, Accion, Elevar Equity
Lending > Enabler > Credit Rating Improvement
$2.5M
creditvidya.comCreditVidya
(2012, Mumbai)
Alternate credit scoring platformKalaari
Lending > Enabler > Credit Rating $2M
Fintech India Report – October 201659
Interesting Series A Companies
Company Overview Business ModelTotal
Funding
zebpay.comZebPay
(2014, Ahmedabad)Bitcoin wallet with transactions based on mobile numbers Cryptocurrency > Bitcoin > Wallet $1.12M
tonetag.comToneTag
(2014, Bangalore)
Contactless payments using sound waves and NFCReliance Venture Asset Management
Mobile Payments > Money Transfer > Proximity Payments > Sound Waves
$1M
Artoo(2010, Bangalore)
Field Ops Managament for Microfinance, Healthcare.Accion, Villgro Innovations Foundation
Banking Tech > CRM $646K
Instamojo(2012, Bangalore)
Payment collections though embedded linksKalaari, 500 Startups, SternFisher, Blume Ventures
Payments > Gateway > Embedded Payments
Undisclosed
Fintech India Report – October 201660
Interesting Series B Companies
Company Overview Business ModelTotal
Funding
capitalfloat.comCapital Float
(2013, Bangalore)
Online lending platform for small businessesSAIF Partners, Sequoia Capital, Creation Investments, AspadaInvestments
Lending > Commercial Loans > Direct Lender
$41M
lendingkart.comLendingkart
(2014, Ahmedabad)
Online platform that provides working capital for SMBs in IndiaIFMR Trust, Saama Capital, Mayfield, Bertelsmann, India Quotient, Bertelsmann India Investments
Lending > Commercial Loans > Working Capital > Direct Lenders
$30.65M
money-on-mobile.netMoneyOnMobile(2010, Mumbai)
Mobile wallet, recharge and paymentsCalpian
Mobile Payments > Wallet > Semi-Closed System
$29.7M
qwikcilver.comQwikCilver
(2008, Bangalore)
Multi-brand gift card store and B2B backend technology providerAmazon India, Accel Partners, Helion Venture Partners, Sistema
Payments > Cards > Pre-Paid Cards > Gift Cards
$20M
paymate.inPayMate
(2006, Mumbai)
B2B Payments platformMayfield, KPCB, Sherpalo Ventures, Lightbox Ventures
Payments > B2B Payments $14M
coverfox.comCoverfox
(2011, Mumbai)
Insurance aggregator and selling platformAccel Partners, SAIF Partners, Catamaran Ventures
Insurance Tech > Insurance Aggregators $14M
fintellix.comFintellix
(2006, Bangalore)
Analytics, Risk & Compliance Solutions for BankingSequoia Capital, IDG Capital Partners
Banking Tech > Regulatory Compliance $12.5M
Fintech India Report – October 201661
Interesting Series B Companies
Company Overview Business ModelTotal
Funding
razorpay.comRazorpay
(2014, Bangalore)
Payment gateway solutionsY Combinator, Matrix Partners India, MasterCard, Tiger Global Management, GMO Venture Partners
Payments > Gateway $11.5M
alittleworld.comA Little World
(2000, Mumbai)
Mobile Banking PlatformLegatum, Caspian Impact Investment Adviser
Banking Tech > Banking Correspondent $6.41M
chargebee.comChargebee
(2011, Chennai)
Managed subscription billing service for SaaSAccel Partners, Tiger Global Management
Enterprise Finance > Accounting Tool > Invoicing > Subscription Billing
$6.17M
skymet.net
Skymet Weather Services
(2003, Noida)
Crop insurance and weather forecasting data servicesOmnivore, DMG Information
Insurance Tech > Data Providers $5.5M
heckyl.comHeckyl
(2010, Mumbai)
Real time financial information & news analytics for markets & businessesSeedfund, IDG Capital Partners
Software for Institutional Investors > Market Data Analytics
$4.75M
scripbox.comScripbox
(2012, Bangalore)
Web-based platform enabling investing in mutual fundsAccel Partners, Omidyar Network, NuVentures
Investment Tech > Public Market Investing > Advisory > Robo Advisor
$3.24M
mosambee.inMosambee
(2012, Mumbai)
EMV enabled comprehensive mPOS systemSIDBI Venture Capital, Rajasthan Venture Capital Fund
Mobile Payments > mPOS $1M
Zeta.in (2015, Bangalore)
Mobile-based payment solutionEnterprise Finance > Employee Benefits Management
Part of Directi
Fintech India Report – October 201662
Interesting Late Stage Companies
Company Overview Business ModelTotal
Funding
paytm.comPaytm
(2010, Noida)
Mobile wallet, e-commerce platform and payments bankHDFC Bank, ICICI Bank, SAIF Partners, Saama Capital, Silicon Valley Bank, Reliance Capital, Alibaba Group, MediaTek
Mobile Payments > Wallet > Semi-Closed System
$950M
mobikwik.comMobiKwik
(2009, Gurgaon)
Mobile wallet, recharge, bill paymentsAmerican Express, Sequoia Capital, GMO Venture Partners, MediaTek, NET1, Cisco Investments, Tree Line Investment Management, InnoVen Capital
Mobile Payments > Wallet > Semi-Closed System
126.85M
freecharge.inFreeCharge
(2010, Mumbai)
Platform for recharges, bill payments and payment processingSequoia Capital, Sofina, ruNet, Tybourne Capital Management, InnoVen Capital
Mobile Payments > Wallet > Semi-Closed System
$116.94M
finopaytech.comFINO PayTech
(2006, Mumbai)
Financial inclusion technology providerICICI Bank, HSBC Group, Life Insurance Corporation of India, IFC, Blackstone, Intel Capital, Corporation Bank, Legatum, ICICI Lombard, Bharat Petroleum, Union Bank Of India, Indian Bank
Banking Tech > Banking Correspondent
$102.6M
bankbazaar.comBankBazaar
(2008, Chennai)
Loan comparison platformAmazon India, Sequoia Capital, Walden International, Eight Roads Ventures
Lending > Enabler > Lead Generation > Loan Comparison
$80M
agsindia.comAGS Transact Technologies
(2002, Mumbai)
End to end payment solutions providerTPG, Actis
Banking Tech > Technology Solutions > White Label ATM
$80M
fsstech.comFinancial Software Systems
(1991, Chennai)
Provider of electronic payment & financial transaction processing solutionsNEA, Jacob Ballas Capital, The Carlyle Group
Payments > Processor $70M
policybazaar.comPolicybazaar
(2008, Gurgaon)
Leading online insurance aggregator in India.Info Edge India, Inventus Capital Partners, Intel Capital, Tiger Global Management, Ribbit Capital, ABG Capital, Steadview Capital, Premji Invest
Insurance Tech > Insurance Aggregators
$69.6M
Fintech India Report – October 201663
Interesting Late Stage Companies
Company Overview Business ModelTotal
Funding
ekaplus.comEka Software Solutions
(2004, Bangalore)
Commodity trading and risk management solutions for global commodity markets.Nexus Venture Partners, Silver Lake
Software for Institutional Investors
$56.75M
itzcash.comItzCash
(2006, Mumbai)
Multi Purpose Prepaid Cash CardLightspeed Venture Partners, Matrix Partners India, Intel Capital
Payments > Cards > Pre-Paid Cards
$50.6M
neogrowth.inNeoGrowth
(2010, Mumbai)
Working capital lending platformOmidyar Network, Accion, Khosla Impact, Aspada Investments, India Infoline Asset Management, Quona Capital
Lending > Commercial Loans > Working Capital > Merchant Cash Advance
$46.6M
myoxigen.comOxigen
(2004, Gurgaon)
Payment collection solution provider and service distributorMicrosoft, Citi
Payments > Service Aggregators $46.5M
mswipe.comMswipe
(2009, Mumbai)
POS merchant acquirer & network providerOla, Axis Bank, Matrix Partners India, DSG Consumer Partners, Meru Kapital, Falcon Edge Capital
Mobile Payments > mPOS > Card Payments
$35M
ezetap.comEzetap
(2011, Bangalore)
Device for merchants to accept card and wallet paymentsAmerican Express, Helion Venture Partners, Horizons Ventures, S23P, Capricorn, Berggruen, Social Capital, Prime Venture Partners
Mobile Payments > mPOS $35M
citruspay.comCitrus Pay
(2011, Mumbai)
Payment gateway and mobile walletSequoia Capital, 91springboard, Ascent Capital, Beenos, Econtext Asia, Beenext
Payments > Gateway $32.5M
suvidhaa.comSuvidhaa
(2007, Mumbai)
Payment services through retail outlets and mobile appIFC, Norwest Venture Partners, Mitsui, Reliance Venture Asset Management
Payments > Service Aggregators $25M
infrasofttech.comInfrasoft Technologies
(1995, Mumbai)
Software solutions provider for financial enterprisesBaring Private Equity Asia
Banking Tech > Software Solutions > Horizontal
$24.8M
Fintech India Report – October 201664
Interesting Late Stage Companies
Company Overview Business ModelTotal
Funding
pinelabs.comPine Labs
(1998, Noida)
POS Payment processing solutions providerSequoia Capital, New Atlantic Ventures
Payments > PoS $20M
fundsindia.comFundsIndia
(2009, Chennai)
Online investment platform for mutual funds & other financial productsInventus Capital Partners, Foundation Capital, Faering Capital
Investment Tech > Public Market Investing > Advisory > Robo Advisor
$15.41M
transerv.co.inTranserv
(2011, Mumbai)
Digital payments solution providerMicromax Informatics, Nirvana Ventures Advisors, Faering Capital, IDFC Mutual Fund
Payments > Gateway $15M
myuniverse.co.inMyUniverse
(2012, Mumbai)
Web & mobile based personal finance management platformIFC
Investment Tech > Public Market Investing > Advisory > Robo Advisor
$9.7M
billdesk.comBilldesk
(2000, Mumbai)
Payment gatewaySBI, General Atlantic, TA Associates, Bank of Baroda, Clearstone Venture Partners, SIDBI Venture Capital, March Capital Partners
Payments > Gateway $7.5M
innoviti.comInnoviti
(2002, Bangalore)
Online platform offering real-time credit distribution & payments automationTata Capital, Catamaran Ventures, Gravitas Financial
Payments > PoS $6.6M
eko.co.inEko
(2007, Delhi)
Branchless Mobile BankingUM Social Venture Fund, Promus Equity Partners
Banking Tech > Banking Correspondent
$5.5M
Fintech India Report – October 201665
Funded Deadpooled Companies
Company Overview Business ModelTotal
Funding
investopresto.comInvestopresto
(2009, Hyderabad)
Investment Portal for Indian investors. (Deadpooled)Crystal Horse Investments
Investment Tech > Public Market Investing > Content
$296K
getsquarefeet.comGetSquareFeet
(2014, Bangalore)
Data-driven investment platform for real estate investors Investment Tech > Private Market Investing > Real Estate
$100K
finrek.comFinrek
(2014, Jaipur)
Online marketplace for loan offers Lending > Enabler > Lead Generation > Loan Comparison
$50K
thetradestreet.comTradeStreet
(2012, Bangalore)
Social network for stock traders and analystsGSF India
Investment Tech > Public Market Investing > Trading Platform > Online Stock Trading Platform > Social Trading
Undisclosed
instakash.inInstaKash
(2014, Bangalore)
SMB lending platform for terms loans and automobilesLending > Commercial Loans > B2C Marketplace Undisclosed
Fintech India Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Consumer Fintech Evolution
Interesting Companies
Useful Links
Company List
Team
66
Fintech India Report – October 201667
Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Niche Upcoming Sectors Entrepreneur Activity Link
Top investments in last one year Investment Trend Link
Major Acquisitions in last one year Exit Outlook - Acquisitions Link
Top Funded Deadpooled Companies Companies Link
Fintech India Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Consumer Fintech Evolution
Interesting Companies
Useful Links
Company List
Team
68
Fintech India Report – October 201669
Fintech India – Company List
Mobile Payments
Payments Lending Banking Tech Insurance TechSoftware for Institutional
Investors
Investment Tech
Consumer Finance
Enterprise Finance
Forex Cryptocurrency Crowdfunding
230 FUNDED COMPANIES AND 1045 UNFUNDED COMPANIES
COVERS THE FOLLOWING SECTORS
Fintech India Report – October 201670
Mobile Payments (1/22)Company Overview Business Model Total Funding
Happi-Pay(2016, Hyderabad)
Online payment solution for local merchants
Fedelis(2015, Gurgaon)
Real time mobile payment system
AppSperts(2011, Mumbai)
Payments solution providers
Mopaso(2014, Mumbai)
Carrier billing and storefront creationDirect Carrier Billing
iPayy(2013, Bangalore)
Micro-payment solution for digital goods using mobile carrier billing.Direct Carrier Billing
Paychamp(2013, Noida)
Mobile payment service charging users through operator billingDirect Carrier Billing
JunoTele(2011, Bangalore)
Real-time Carrier Billing PlatformDirect Carrier Billing
QubeCell(2012, Mumbai)
Mobile Billing AggregatorMumbai Angels, Kae Capital, TA Ventures, Blume Ventures Direct Carrier Billing
Go to BM List >> Payments
Fintech India Report – October 201671
Mobile Payments (2/22)Company Overview Business Model Total Funding
GiftMate(2006, Mumbai)
Mobile money voucher gifting serviceGifting
Chillr(2014, Mumbai)
Smartphone application for P2P money transactionsSequoia Capital, Mobme, Blume Ventures Money Transfer $8M
NumberMall(2012, Hyderabad)
Mobile payments platformSRI Capital Money Transfer $1M
Payio(2016, Hyderabad)
Money transfer appMoney Transfer
Bille(2015, Delhi)
Mobile app for paying bills at restaurantsMoney Transfer
NoKards(2016, Pune)
Money transfer appMoney Transfer
Finmo(2015, Delhi)
Money transfer appMoney Transfer
Click&Pay(2015, Hyderabad)
Card linked mobile payment and money transfer appMoney Transfer
Go to BM List >> Payments
Fintech India Report – October 201672
Mobile Payments (3/22)Company Overview Business Model Total Funding
Alpha Pay(2016, Mumbai)
App for merchant payments and peer-to-peer money transferMoney Transfer
Flashpay(2015, Chennai)
Payment app for online and offline transactionsMoney Transfer
ScrewCash(2015, Delhi)
Mobile payment appMoney Transfer
Shash(2016, Surat)
Mobile payments company in stealth modeMoney Transfer
Eswipe(2013, Kolkata)
Money transfer platformMoney Transfer
Track N Pay(2015, Bangalore)
Mobile invoicing and payment companyMoney Transfer
Payjaldi(2015, Bangalore)
SMS based payment platformMoney Transfer
OTap(2015, Mumbai)
Mobile payments company in stealth modeMoney Transfer
Go to BM List >> Payments
Fintech India Report – October 201673
Mobile Payments (4/22)Company Overview Business Model Total Funding
Paynimo(2015, Mumbai)
Mobile-first Payment PlatformMoney Transfer
fonePaisa(2014, Bangalore)
Mobile app for payments at online and offline retail storesMoney Transfer
FastChek(2015, Delhi)
Mobile payments company in stealth modeMoney Transfer
Scan N Pay(2014, Aluva)
Mobile based payment applicationMoney Transfer
Spring Pay(2015, Mumbai)
Universal mobile payment applicationMoney Transfer
KayPay - Kotak Mahindra Bank(2015, Mumbai)
Mobile payments application by Kotak Mahindra BankMoney Transfer
PingPay - Axis Bank(2015, Mumbai)
Mobile payments application by Axis BankMoney Transfer
Mowa(2015, Bangalore)
Social & Merchant Mobile PaymentsMoney Transfer
Go to BM List >> Payments
Fintech India Report – October 201674
Mobile Payments (5/22)Company Overview Business Model Total Funding
SRSPAY(2015, Bangalore)
Mobile payment serviceMoney Transfer
YTS(2013, Mumbai)
Mobile prepaid payment solutionsMoney Transfer
Qarth(2012, Chennai)
Interbank mobile payment service on mobileMoney Transfer
Simpel(2014, Mumbai)
Payments app for home deliveriesMoney Transfer
ftcash(2016, Mumbai)
Mobile Payments platform for retailersIvyCap Ventures Advisors Money Transfer > Aggregator $148K
Walleto(2015, Coimbatore)
Mobile wallet application to pay at restaurants and retail storesMoney Transfer > Aggregator
Paylo(2015, Delhi)
Offline payments platformMoney Transfer > Aggregator
UnoPay(2015, Bangalore)
Wallet payment aggregatorMoney Transfer > Aggregator
Go to BM List >> Payments
Fintech India Report – October 201675
Mobile Payments (6/22)Company Overview Business Model Total Funding
Tingpay(2015, Bangalore)
Point of sale payment solutions companyMoney Transfer > Aggregator
BluPay(2016, Bangalore)
Proximity payments appExcubator
Money Transfer > Proximity Payments
MoboMoney(2013, Noida)
NFC enabled mobile application based walletMoney Transfer > Proximity Payments
Touch N Pay(2015, Hyderabad)
Mpos payment app using biometric scannerMoney Transfer > Proximity Payments > Biometric
Coinn(2015, Mumbai)
App enabling payments via bluetoothMoney Transfer > Proximity Payments > Bluetooth
Changer Mints(2013, Bangalore)
NFC based mobile payments at offline storesMoney Transfer > Proximity Payments > NFC
$166K
NoCoinz(2015, Gurgaon)
NFC based wallet for micropaymentsMoney Transfer > Proximity Payments > NFC
iKaaz(2012, Bangalore)
NFC based mPOSMoney Transfer > Proximity Payments > NFC
Go to BM List >> Payments
Fintech India Report – October 201676
Mobile Payments (7/22)Company Overview Business Model Total Funding
Wish2pay(2015, Bangalore)
Offline merchant payment appMoney Transfer > Proximity Payments > QR
Zup(2016, Hyderabad)
Mobile application for cashless transactions at storesMoney Transfer > Proximity Payments > QR
Paymint(2016, Chennai)
Offline payments appMoney Transfer > Proximity Payments > QR
Whizzbuy(2015, Mumbai)
Self checkout mobile app.Money Transfer > Proximity Payments > QR
Tapiko(2015, Kochi)
Mobile payment app in stealth modeMoney Transfer > Proximity Payments > QR
Flipay(2015, Alappuzha)
QR based mobile paymentsMoney Transfer > Proximity Payments > QR
Pless(2015, Delhi)
QR based payment appMoney Transfer > Proximity Payments > QR
ToneTag(2014, Bangalore)
Contactless payments using sound waves and NFCReliance Venture Asset Management
Money Transfer > Proximity Payments > Sound Waves
$1M
Go to BM List >> Payments
Fintech India Report – October 201677
Mobile Payments (8/22)Company Overview Business Model Total Funding
UltraCash(2014, Bangalore)
High frequency sound based money transfer companyMoney Transfer > Proximity Payments > Sound Waves
EZIPAY(2015, Tiruchirappalli)
SMS based money transfer servicesMoney Transfer > SMS
Finmo(2016, Delhi)
UPI based mobile payments appMoney Transfer > UPI
PhonePe(2015, Bangalore)
UPI based payment appMoney Transfer > UPI
Trupay(2015, Gurgaon)
UPI-based money transfer and payments service providerMoney Transfer > UPI
Empays Payment Systems(2012, Mumbai)
Mobile Based Instant Money TransferTechnology
MPower Softcomm(2013, Gurgaon)
Mobile payments solutions and technologiesTechnology
Arttha Mobile Payments & Banking
(2011, Noida)
Mobile Payments Processing engine
Technology
Go to BM List >> Payments
Fintech India Report – October 201678
Mobile Payments (9/22)Company Overview Business Model Total Funding
Davinta(2014, Bangalore)
Mobile Payments PlatformTechnology
ModeFinServer(2010, Bangalore)
Mobile Banking, Commerce and Payment Solution ProviderTechnology
Zessta Software(2011, Hyderabad)
Payments, loyalty and coupon programsTechnology
xpWallet(2011, Delhi)
Mobile wallet, banking, payments and Commerce solutionsTechnology
mFino(2009, Hyderabad)
Mobile financial servicesTechnology
veritytech(2000, Bangalore)
Mobile Payment Transaction AuthenticationTechnology
Movida India(2011, Mumbai)
Mobile payment platform for mobile operators and financial institutions Technology
JusPay(2012, Bangalore)
Digital payments gateway for eCommerce merchantsAccel Partners Technology > Checkout $5.9M
Go to BM List >> Payments
Fintech India Report – October 201679
Mobile Payments (10/22)Company Overview Business Model Total Funding
State Bank Buddy(2015, Mumbai)
SBI's mobile walletWallet
I-MADE(2016, Bangalore)
Wallet app for studentsWallet
Penny Partners(2014, Mumbai)
Multi- currency walletWallet
Paysae(2015, Pune)
Mobile wallet for transactionsWallet
Qlots(2014, Bangalore)
Mobile wallet to recharge and pay at online retailersWallet
Lioncode Technologies(2016, Bangalore)
Mobile payments company in stealth modeWallet
Smart Paisa Wallet(2008, Delhi)
Integrated mobile walletWallet
Esevaworld Services(2015, Hyderabad)
Pre-paid payment wallet companyWallet
Go to BM List >> Payments
Fintech India Report – October 201680
Mobile Payments (11/22)Company Overview Business Model Total Funding
Billfold(2015, Bangalore)
Mobile wallet payment applicationWallet
Mobi Wallet Payment Systems(2010, Delhi)
Mobile Money Order and Semi Closed Wallet companyWallet
MobileGullak(2012, Bangalore)
Loose-change solutions for offline retailersWallet
MyPoolin(2014, Delhi)
Online platform for money poolingAccel Partners, Qualcomm Ventures Wallet > Group Payments $250k
Lykke(2015, Mumbai)
Social platform for sharing payments between friends and family.Wallet > Group Payments
Grinions(2016, Bangalore)
Group collection and payment appWallet > Group Payments
Contree(2015, Noida)
Money pooling app.Wallet > Group Payments
Paysay(2015, Bangalore)
Social payment appAxilor Ventures Wallet > Group Payments
Go to BM List >> Payments
Fintech India Report – October 201681
Mobile Payments (12/22)Company Overview Business Model Total Funding
SocietyPay(2015, Mumbai)
Society payments solutions providerWallet > Group Payments
SplitKart(2014, Delhi)
Mobile app for splitting bills and making paymentsWallet > Group Payments
PoolWallet(2015, Delhi)
Money pooling based mobile appWallet > Group Payments
Bash(2014, Bangalore)
Smartphone app to split bill payments & track expenses in real timeWallet > Group Payments
Vodafone m-pesa(2014, Gurgaon)
Open wallet systemWallet > Open System
Speedpay Plus(2014, Hyderabad)
Open wallet systemWallet > Open System
Lime(2015, Mumbai)
Mobile app open system wallet with a prepaid cardWallet > Open System
UnPin(2013, Gurgaon)
Mobile first wallet + zero value card that can be authorized only by owner Wallet > Open System
Go to BM List >> Payments
Fintech India Report – October 201682
Mobile Payments (13/22)Company Overview Business Model Total Funding
MobiCash(2010, Mumbai)
Mobile payment solution and other financial servicesWallet > Open System
Novopay(2014, Bangalore)
Bank sponsored walletKhosla Labs Wallet > Open System
Paytm(2010, Noida)
Mobile wallet, e-commerce platform and payments bankHDFC Bank, ICICI Bank, SAIF Partners, Saama Capital, Silicon Valley Bank, Reliance Capital, Alibaba Group, MediaTek
Wallet > Semi-Closed System $950M
MobiKwik(2009, Gurgaon)
Mobile wallet, recharge, bill paymentsAmerican Express, Sequoia Capital, GMO, MediaTek, NET1, Cisco Investments, Tree Line Investment Management, InnoVen Capital
Wallet > Semi-Closed System 126.91M
FreeCharge(2010, Mumbai)
Platform for recharges, bill payments and payment processingSequoia Capital, Sofina, ruNet, Tandon Group, Tybourne Capital Management, InnoVen Capital
Wallet > Semi-Closed System $116.94M
MoneyOnMobile(2010, Mumbai)
Mobile wallet, recharge and paymentsCalpian Wallet > Semi-Closed System $29.7M
The Mobile Wallet(2015, Mumbai)
Mobile wallet providerWallet > Semi-Closed System $5M
Bonfleet(2016, Pune)
Payment and expense management as gas stations.Wallet > Semi-Closed System
Go to BM List >> Payments
Fintech India Report – October 201683
Mobile Payments (14/22)Company Overview Business Model Total Funding
EezeePay(2015, Hyderabad)
Online platform for mobile recharge and utility payments.Wallet > Semi-Closed System
Plento(2015, Bangalore)
Mobile wallet for college studentsWallet > Semi-Closed System
Pay Point India Network(2007, Mumbai)
Merchant app for offering wide range of recharge servicesWallet > Semi-Closed System
Paykro(2016, Delhi)
Mobile app to pay and collect loose change for offline transactionsWallet > Semi-Closed System
SPOT(2015, Hyderabad)
Wallet for recharges and bill paymentsWallet > Semi-Closed System
PaulMoney(2015, Chandigarh)
RBI licensed walletWallet > Semi-Closed System
One Wallet(2015, Mumbai)
Bill payment mobile app provider.Wallet > Semi-Closed System
OLA Money(2015, Bangalore)
Mobile wallet powered by OlaWallet > Semi-Closed System
Go to BM List >> Payments
Fintech India Report – October 201684
Mobile Payments (15/22)Company Overview Business Model Total Funding
Orange Money(2015, Noida)
Wallet for paymentsWallet > Semi-Closed System
X-Pay(2009, Bangalore)
Wallet service by UAE Exchange & Financial ServicesWallet > Semi-Closed System
Piggiebiggie(2015, Pune)
Digital wallet for loose changeWallet > Semi-Closed System
Oynk(2015, Chennai)
Wallet for sending and accepting micro paymentsWallet > Semi-Closed System
PayPointZ(2012, Mumbai)
Prepaid payment instrumentWallet > Semi-Closed System
Idea Money(2014, Mumbai)
Semi closed mobile walletWallet > Semi-Closed System
My Paysa(2015, Mumbai)
Semi-closed smartphone mobile wallet app.Wallet > Semi-Closed System
Airtel Money(2010, Gurgaon)
RBI-authorized payment serviceWallet > Semi-Closed System
Go to BM List >> Payments
Fintech India Report – October 201685
Mobile Payments (16/22)Company Overview Business Model Total Funding
My Mobile Payment(2010, Mumbai)
Mobile wallet payment service provider.Wallet > Semi-Closed System
Ongo Wallet(2012, Mumbai)
Closed wallet for money transfer and bill paymentsWallet > Semi-Closed System
FX Money(2013, Mohali)
Semi-closed system for paymentsWallet > Semi-Closed System
mPurse Services(2007, Delhi)
A semi closed wallet companyWallet > Semi-Closed System
PayIOO(2015, Noida)
QR code based payment solutionWallet > Semi-Closed System
HotRemit(2007, Hyderabad)
Digital wallet based social and mobile applicationWallet > Semi-Closed System
SwiftPay(2015, Mumbai)
Mobile payment platform for local vendorsWallet > Semi-Closed System
Payoye(2015, Noida)
Mobile based unified payment platform building a cash card contact less solution Wallet > Semi-Closed System
Go to BM List >> Payments
Fintech India Report – October 201686
Mobile Payments (17/22)Company Overview Business Model Total Funding
PayQwik(2014, Bangalore)
Mobile payment service with walletWallet > Semi-Closed System
S2Pay(2010, Mumbai)
Mobile wallet application for paymentsWallet > Semi-Closed System
BestMobilePay(2014, Bangalore)
Mobile Wallet for TransactionsWallet > Semi-Closed System
Papaya(2012, Hyderabad)
Mobile app for store payments and money transfersWallet > Semi-Closed System
Cibola(2013, Delhi)
Mobile app for transactionsWallet > Semi-Closed System
Oxigen Wallet(2008, Gurgaon)
Prepaid mWallet for consumers to shop and make money transfersWallet > Semi-Closed System
YPayCash(2011, Bangalore)
Prepaid Mobile Wallet service in IndiaWallet > Semi-Closed System
Zipcash(2007, Mumbai)
Mobile wallet service for IndiaWallet > Semi-Closed System
Go to BM List >> Payments
Fintech India Report – October 201687
Mobile Payments (18/22)Company Overview Business Model Total Funding
Eashmart(2012, Delhi)
Mobile payments solutionsCIIE Wallet > Semi-Closed System
Quikwallet(2012, Mumbai)
Mobile Wallet App for Payments at RestaurantsSnow Leopard Ventures
Wallet > Semi-Closed System > Lifestyle
$2.1M
Momoe(2014, Bangalore)
Mobile wallet for payments at offline storesJungle Ventures, IDG Ventures India, India Quotient
Wallet > Semi-Closed System > Lifestyle
$1.2M
Pointshelf(2012, Mumbai)
Mobile payments and wallet based lifestyle appWallet > Semi-Closed System > Lifestyle
$50k
Froogal(2014, Hyderabad)
Loyalty app to discover and make payments and outletsWallet > Semi-Closed System > Lifestyle
Ruepay(2015, Hyderabad)
Payment solutions for restaurant and barsWallet > Semi-Closed System > Lifestyle
Transferret(2015, Mumbai)
Mobile wallet application for retail outletsWallet > Semi-Closed System > Lifestyle
Binge(2014, Bangalore)
Mobile Wallets for bars and restaurantsWallet > Semi-Closed System > Lifestyle
Go to BM List >> Payments
Fintech India Report – October 201688
Mobile Payments (19/22)Company Overview Business Model Total Funding
Ruplee(2014, Gurgaon)
Mobile app to make payments at restaurantsWallet > Semi-Closed System > Lifestyle
Smartpocket(2013, Bangalore)
Mobile wallet to manage loyalty credits for offline storesSol Primero
Wallet > Semi-Closed System > Loyalty
$240k
Atomx(2012, Pune)
Electronic wallet harnessing NFC technologyWallet > Semi-Closed System > NFC > Wearable
Udio Wallet(2015, Mumbai)
Mobile wallet with a visa cardWallet > Semi-Open System
Spenwise(2015, Kochi)
Prepaid debit card for youthWallet > Semi-Open System
Slonkit(2015, Mumbai)
Internet enabled prepaid card and wallet targeted at teenagers & students Wallet > Semi-Open System
Shmart(2011, Mumbai)
Platform for online and web paymentsWallet > Semi-Open System
Payaum(2015, Kolkata)
White label apps for SMBsWallet > White Label
Go to BM List >> Payments
Fintech India Report – October 201689
Mobile Payments (20/22)Company Overview Business Model Total Funding
Telennium Solutions(2013, Hyderabad)
Technology solutions provider for online transactionsWallet > White Label
Paynguin(2015, Hyderabad)
White label payments platformWhite Label
Ezetap(2011, Bangalore)
Device for merchants to accept card and wallet paymentsAmerican Express, Helion Venture Partners, Horizons Ventures, S23P, Capricorn, Berggruen, Social Capital, Prime Venture Partners
mPOS $35M
Mosambee (2012, Mumbai)
EMV enabled comprehensive mPOS systemSIDBI Venture Capital, Rajasthan Venture Capital Fund mPOS $1M
Sai FinTex(2016, Noida)
Upcoming Fintech company in IndiamPOS
Aasaanpay(2011, Hyderabad)
Mobile Card PaymentsmPOS
PayPos(2012, Mumbai)
mPOS service provider.mPOS
Mswipe(2009, Mumbai)
POS merchant acquirer & network providerOla, Axis Bank, Matrix Partners India, DSG Consumer Partners, Meru Kapital, Falcon Edge Capital
mPOS > Card Payments $35M
Go to BM List >> Payments
Fintech India Report – October 201690
Mobile Payments (21/22)Company Overview Business Model Total Funding
Paynear(2013, Hyderabad)
mPOS solutions providermPOS > Card Payments $2.5M
ePaisa(2011, Mumbai)
POS Software & Payments SolutionmPOS > Card Payments $1.65M
SIMPAL Mobile Payments(2016, Mumbai)
POS and e-KYC platformmPOS > Card Payments
Bijlipay(2012, Chennai)
Online card payment and POS payment solutions to businessesmPOS > Card Payments
Estel Technologies(1997, Gurgaon)
White label mPoS solutions providermPOS > Card Payments
India Transact Services(2012, Mumbai)
end-to-end mPoS transaction processingmPOS > Card Payments
CocoaPay(2015, Bangalore)
Mobile app that enables merchants to accept card paymentsmPOS > Card Payments
EzSwype(2013, Gurgaon)
Mobile based POS solutionmPOS > Card Payments
Go to BM List >> Payments
Fintech India Report – October 201691
Mobile Payments (22/22)Company Overview Business Model Total Funding
MRLpay(2012, Hyderabad)
Mobile POS and transaction data management solutionsmPOS > Card Payments
MobiSwipe(2011, Mumbai)
Mobile POS payment service.One97 Communications mPOS > Card Payments
Circle It Up(2012, Mumbai)
Mobile PoS provider.mPOS > Card Payments
Go to BM List >> Payments
Fintech India Report – October 201692
Payments (1/13)Company Overview Business Model Total Funding
Prizm Payment Services(2008, Chennai)
Electronic Payment Service ProviderSequoia Capital, Saama Capital, Westbridge Capital $15M
Epzeta(2015, Bangalore)
Stealth mode payments startup
Paykaro(2016, Bangalore)
Payments startup in stealth mode
GI Technology(2005, Chennai)
Prepaid Card and payment solutions provider
KhaaliJeb(2015, Bangalore)
Stealth Mode : Payments solution
M2P(2014, Mumbai)
Payment solutions tool
PayMate(2006, Mumbai)
B2B Payments platformMayfield, KPCB, Sherpalo Ventures, Lightbox Ventures B2B Payments $14M
PayMate Xpress(2014, Mumbai)
B2B Payments platformB2B Payments
Mobile Payments << Go to BM List >> Lending
Fintech India Report – October 201693
Payments (2/13)Company Overview Business Model Total Funding
Yeldi(2012, Chennai)
NFC based Payment CardCards
Youth Card(2013, Delhi)
Visa enabled payment cardsCards
iLoyalty(2013, Pune)
Online portal for loyalty and rewards management from local merchants Cards > Loyalty Cards
ItzCash(2006, Mumbai)
Multi Purpose Prepaid Cash CardLightspeed Venture Partners, Matrix Partners India, Intel Capital Cards > Pre-Paid Cards $50.6M
Chillar(2013, Ernakulam)
Reloadable smart cardsCards > Pre-Paid Cards
eZspend Prepaid Solutions(2014, Gurgaon)
Recharge, prepaid and bank transfer solutions.Cards > Pre-Paid Cards
Borderless Prepaid(2011, Mumbai)
Multi-currency prepaid cardCards > Pre-Paid Cards
iCashcard(2010, Chennai)
Semi-closed loop prepaid wallet with prepaid cardCards > Pre-Paid Cards
Mobile Payments << Go to BM List >> Lending
Fintech India Report – October 201694
Payments (3/13)Company Overview Business Model Total Funding
Park Easy(2015, Delhi)
Prepaid rechargeable tag/card for parkingCards > Pre-Paid Cards
UniCard(2014, Bangalore)
Mobile enabled cash cardCards > Pre-Paid Cards
PayCash(2010, Delhi)
Prepaid card for mobile recharges & paymentsCards > Pre-Paid Cards
OnUs Payments(2010, Bangalore)
eWallet for cashless payment services in closed loop economiesCards > Pre-Paid Cards
QwikCilver(2008, Bangalore)
Multi-brand gift card store and B2B backend technology providerAmazon India, Accel Partners, Helion Venture Partners, Sistema
Cards > Pre-Paid Cards > Gift Cards
$20M
Woohoo(2013, Bangalore)
Mobile e-wallet and gifting card aggregatorCards > Pre-Paid Cards > Gift Cards
Nuekoz(2015, Kochi)
Platform for payments using mobile application and RFID smart cardCards > Pre-Paid Cards > Smart Cards
Card Pro Solutions(1989, Mumbai)
Manufacturer of pre-paid and smart cardsCards > Pre-Paid Cards > Smart Cards
Mobile Payments << Go to BM List >> Lending
Fintech India Report – October 201695
Payments (4/13)Company Overview Business Model Total Funding
Gharpay(2011, Hyderabad)
Offline cash collection networkSequoia Capital, Kae Capital, Blume Ventures Cash Collection
Kyash(2012, Bangalore)
Payment gateway for merchants to collect cash paymentsCash Collection
Citrus Pay(2011, Mumbai)
Payment gateway and mobile walletSequoia Capital, 91springboard, Ascent Capital, Beenos, Econtext Asia, Beenext
Gateway $32.5M
Transerv(2011, Mumbai)
Digital payments solution providerMicromax Informatics, Nirvana Ventures Advisors, Faering Capital, IDFC Mutual Fund
Gateway $15M
Razorpay(2014, Bangalore)
Payment gateway solutionsY Combinator, Matrix Partners India, MasterCard, Tiger Global Management, GMO Venture Partners
Gateway $11.5M
Billdesk(2000, Mumbai)
Payment gatewaySBI, General Atlantic, TA Associates, Bank of Baroda, ClearstoneVenture Partners, SIDBI Venture Capital, March Capital Partners
Gateway $7.5M
TechProcess Payment Services(2000, Mumbai)
Online payment processing solutions providerGreylock Partners, Battery Ventures, Nokia Growth Partners, W Capital Partners, ICICI Venture
Gateway $2.94M
ZaakPay(2010, Delhi)
In-App payments gatewayGateway $1M
Mobile Payments << Go to BM List >> Lending
Fintech India Report – October 201696
Payments (5/13)Company Overview Business Model Total Funding
Concerto(2008, Mumbai)
Software and solutions for electronic payments.Bay Partners Gateway
Wibmo(1999, Bangalore)
Mobile payments solutions providerAccel Partners, Intel Capital, Footprint Ventures Gateway
Swipez(2014, Pune)
Billing & payments platform for businessesGateway
PayUMoney(2011, Gurgaon)
Payment gateway solutions to merchants and SMBsGateway
QPay India(2013, Chennai)
Digital payments and online checkout solutionsGateway
Danamojo(2015, Mumbai)
Payment solution and gateway for NGOsGateway
PayUbiz(2011, Gurgaon)
Payment gateway providerGateway
Pay with Paytm(2012, Delhi)
Payment Gateway by PaytmGateway
Mobile Payments << Go to BM List >> Lending
Fintech India Report – October 201697
Payments (6/13)Company Overview Business Model Total Funding
KlickPay(2013, Gurgaon)
Payment gateway by SnapdealGateway
State Bank of India ePay(2014, Mumbai)
Payment gateway by SBIGateway
Paytm Payments(2009, Noida)
Online payment gateway and mobile walletGateway
Appnit Technologies(2014, Noida)
Payment gateway solutionGateway
Transaction Analysts(2011, Bangalore)
Payment system solutions like switching and prepaid cardsGateway
TetraMent Software Pvt Ltd(2015, Chennai)
Online payment solutions for local businessesGateway
CashFree(2015, Bangalore)
Plug-n-play APIs for payments and bankingGateway
Newgen(2014, Delhi)
Payment Gateway solution and end-to-end ecommerce store builder.Gateway
Mobile Payments << Go to BM List >> Lending
Fintech India Report – October 201698
Payments (7/13)Company Overview Business Model Total Funding
paymentz(2012, Mumbai)
Online payment gatewayGateway
Airpay(2012, Mumbai)
Payment gateway solutions.Gateway
Transecute(2001, Mumbai)
Online payment solution provider to merchants for accepting paymentsGateway
Payd(2013, Kochi)
India's Free & Instant Payment System • Incubated in Startup Village, Cochin Gateway
Emvantage(2012, Delhi)
Online payment gateway solutionGateway
Atom Technologies(2006, Mumbai)
Payment Gateway, Mobile banking, Prepaid cards, PoSGateway
Direcpay(2008, Mumbai)
Payment Gateway through internet and IVRSGateway
EBS(2005, Chennai)
Payment Gateway CompanyGateway
Mobile Payments << Go to BM List >> Lending
Fintech India Report – October 201699
Payments (8/13)Company Overview Business Model Total Funding
CCAvenue(2001, Mumbai)
Merchant Account, Credit Card Processing & Payment GatewayGateway
PayZippy(2013, Bangalore)
Flipkart payment gateway and wallet serviceGateway
mYwindow(2012, Nagpur)
Selling platform for digital productsGateway > Embedded Payments
$65k
FBPay(2013, Delhi)
ePayments platform for Facebook eventsGateway > Embedded Payments
SellMojo(2013, Mumbai)
SaaS based social commerce platform and online marketplaceGateway > Embedded Payments
Instamojo(2012, Bangalore)
Collect Payments by just sharing a linkKalaari, 500 Startups, SternFisher, Blume Ventures
Gateway > Embedded Payments
Zwitch(2013, Bangalore)
On site/app payment processingGateway > Embedded Payments
Contest Payments(2010, Noida)
e-commerce payment processing solutionsGateway > International
Mobile Payments << Go to BM List >> Lending
Fintech India Report – October 2016100
Payments (9/13)Company Overview Business Model Total Funding
HighRisk Gateways(2011, Noida)
High risk payment gateway & Virtual TerminalGateway > International
Unipay(2008, Delhi)
Manufacturer and operator of payment kiosksKiosk
Cashfer(2014, Mumbai)
Money transfer appMoney Transfer
PayDeck(2015, Kolkata)
Money transfer platformMoney Transfer
PayUmoney POS(2016, Gurgaon)
POS system by PayUPoS
Pine Labs(1998, Noida)
Payment TechnologiesSequoia Capital, New Atlantic Ventures PoS Payment Processing $20M
Innoviti(2002, Bangalore)
Online platform offering real-time credit distribution & payments automationTata Capital, Catamaran Ventures, Gravitas Financial
PoS Payment Processing $6.6M
In-Solutions Global(1988, Mumbai)
Payment solutions providerPoS Payment Processing
Mobile Payments << Go to BM List >> Lending
Fintech India Report – October 2016101
Payments (10/13)Company Overview Business Model Total Funding
Hitachi Payment Services(2008, Mumbai)
POS payment processing and White Label ATM solutions providerPoS Payment Processing
Tarang(2000, Bangalore)
Electronic payments solution provider to banks and retail storesSequoia Capital, Westbridge Capital, GIV Management PoS Payment Processing $5.5.M
Financial Software Systems(1991, Chennai)
Provider of electronic payment & financial transaction processing solutionsNEA, Jacob Ballas Capital, The Carlyle Group
Processor $70M
Venture Infotek(1997, Mumbai)
Transaction processing and payment solutionsKubera Partners, GIV Management, Kubera Cross-Border Fund Processor $20M
FortunePay(2011, Bangalore)
e-Payments Services in IndiaBessemer Venture Partners, GrowX Ventures, Mumbai Angels, Kae Capital
Processor $1M
Excelsior Payment(2015, Delhi)
Provides credit card processing services.Processor
ElectraCard Services(2006, Pune)
Third-party payment services providerProcessor
Bill Cloud(2013, Pune)
Platform for enterprises to collect bills from customers through offline & online channels Recurring Billing
Mobile Payments << Go to BM List >> Lending
Fintech India Report – October 2016102
Payments (11/13)Company Overview Business Model Total Funding
Bill Junction(2000, Mumbai)
Online platform enabling individual and corporate bill paymentsRecurring Billing
Remitr(2014, Mumbai)
Online platform simplifying cross border money transferSmartStartFund, Singapore Angel Network Remittances $1M
VayuPay(2015, Lucknow)
Online remittance platformRemittances
EzyRemit(2015, Bangalore)
Peer to Peer remittanceRemittances
Klinnk(2009, Mumbai)
Online money transfer service to Bangladesh, SL and PhilippinesRemittances
Remit2India(2001, Mumbai)
Online money transfer service to India for NRIsRemittances
RemitGuru(2012, Mumbai)
Money Transfer to IndiaRemittances
TimesOfMoney(2000, Mumbai)
Cross-Border Digital Payment & RemittanceRemittances
Mobile Payments << Go to BM List >> Lending
Fintech India Report – October 2016103
Payments (12/13)Company Overview Business Model Total Funding
FxMart(2013, Delhi)
Electronic payments, remittances and forex based marketplaceRemittances
RemitIQ(2015, Bangalore)
Platform to compare money transfer servicesRemittances > Comparison
Oxigen(2004, Gurgaon)
Payment collection solution provider and service distributorMicrosoft, Citi Service Aggregators $46.5M
Suvidhaa(2007, Mumbai)
Payment services through retail outlets and mobile appIFC, Norwest Venture Partners, Mitsui, Reliance Venture Asset Management
Service Aggregators $25M
Payism(2009, Bangalore)
Commerce platform for all payment solutions.Service Aggregators
Paytronic Network(2007, Mumbai)
Platform enabling businesses to offer recharge servicesService Aggregators
TheSmartShop(2006, Chennai)
Platform enabling merchants to offer e-commerce servicesService Aggregators
Payworld(2006, Gurgaon)
Electronic Voucher Distribution SystemService Aggregators
Mobile Payments << Go to BM List >> Lending
Fintech India Report – October 2016104
Payments (13/13)Company Overview Business Model Total Funding
Easy Pay(2014, Ahmedabad)
POS-based payment solution providerService Aggregators
Go Processing(2009, Delhi)
Payment processing solutions and payment services for businessesService Aggregators
Bluechip Fintech Solutions & Innovations
(2013, Mumbai)
Payment transactions solutions provider
Technology
Lastmile(2015, Hyderabad)
Platform for last mile payments managementTechnology
Pintrax(2015, Gurgaon)
Online escrow service providerTechnology > Escrow Services
TrustAvenue(2009, Mumbai)
Online risk management service providerTechnology > Fraud management
Cashkart(2014, Bangalore)
eWallet that allows users to send, request and accept moneyWallets > Semi Open System
Mobile Payments << Go to BM List >> Lending
Fintech India Report – October 2016105
Lending (1/25)Company Overview Business Model Total Funding
NDSS(2016, Delhi)
Online lending marketplace
Lendvest(2015, Bangalore)
Lending startup in stealth mode
Goldbug(2016, Delhi)
Loan origination platform
CoinTribe(2015, Delhi)
Business and personal loan platformB2C Marketplace $3M
Capzest(2015, Mumbai)
Unsecured personal and business loan marketplacehttp://lionventures.in/ B2C Marketplace $200k
NeedCash(2016, Chennai)
Online lending marketplace platformB2C Marketplace
UdyogCredit(2016, Mumbai)
SME Lending marketplaceCommercial Loans > B2C Marketplace
Novoloans(2016, Mumbai)
Micro-lending marketplaceCommercial Loans > B2C Marketplace
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016106
Lending (2/25)Company Overview Business Model Total Funding
Finnxt(2015, Mumbai)
SMB lending marketplaceCommercial Loans > B2C Marketplace
Loans4SME(2015, Mumbai)
Debt syndicate platform for SME financingCommercial Loans > B2C Marketplace
Flexiloans(2016, Mumbai)
SMB lending marketplaceCommercial Loans > B2C Marketplace
Loan Frame(2015, Mumbai)
SME lending marketplaceVedanta Capital
Commercial Loans > B2C Marketplace
FundsTiger(2016, Bangalore)
Marketplace for SMB financingCommercial Loans > B2C Marketplace
Market Finance India(2015, Bangalore)
B2C marketplace for commercial loansCommercial Loans > B2C Marketplace
Biz2Credit(2011, Noida)
Marketplace for SME loansCommercial Loans > B2C Marketplace
Loansetu(2015, Delhi)
Marketplace Connecting Borrowers and LendersCommercial Loans > B2C Marketplace
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016107
Lending (3/25)Company Overview Business Model Total Funding
LoanXpress(2014, Mumbai)
Loan services to SMEsCommercial Loans > B2C Marketplace
LoanKuber(2015, Delhi)
Marketplace for SME LoansCommercial Loans > B2C Marketplace
SMELending(2015, Bangalore)
SME lending marketplaceCommercial Loans > B2C Marketplace
Capsurge(2015, Jaipur)
Online platform for SME lendingCommercial Loans > B2C Marketplace
Indifi(2015, Gurgaon)
SME lending platformAccel Partners, Elevar Equity
Commercial Loans > B2C Marketplace
Namaste Credit(2014, Bangalore)
Web/mobile marketplace for business loans connecting borrowers & lenders
Commercial Loans > B2C Marketplace
InstaKash(2014, Bangalore)
SMB lending platform for terms loans and automobilesCommercial Loans > B2C Marketplace
Capital Float(2013, Bangalore)
Online lending platform for small businessesSAIF Partners, Sequoia Capital, Creation Investments, Aspada Investments
Commercial Loans > Direct Lender
$41M
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016108
Lending (4/25)Company Overview Business Model Total Funding
TAB Capital(2016, Pune)
Digital NBFC for business loansCommercial Loans > Direct Lender
ZipLoan(2015, Delhi)
Lending platform for small businessesGrowX Ventures
Commercial Loans > Direct Lender
SMEBank(2015, Hyderabad)
P2P platform for unsecured commercial loansCommercial Loans > P2P Marketplace
VLend(2015, Bangalore)
P2P lending marketplace for business loans.Commercial Loans > P2P Marketplace
ConnectingDot(2014, Kolkata)
Marketplace platform for SME lendingCommercial Loans > P2P Marketplace
Crekcy(2016, Hyderabad)
B2B credit management software for e-commerceCommercial Loans > Purchase Loans
Tradefin(2015, Delhi)
Supplier finance marketplaceCommercial Loans > Working Capital
OptaCredit(2016, Chennai)
Online lender for MSMEs and IndividualsCommercial Loans > Working Capital
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016109
Lending (5/25)Company Overview Business Model Total Funding
KNAB Finance(2015, Bangalore)
MSME lending platformCommercial Loans > Working Capital
RingBellDeal(2015, Mumbai)
Credit scoring and lending platform in stealth modeCommercial Loans > Working Capital
Kredx(2015, Bangalore)
Online invoice discounting platform for SMEsPrime Venture Partners
Commercial Loans > Working Capital > Alternate Financing > Discounting
$750K
Spiderg(2011, Pune)
Mobile first book-keeping and accounting soultion. Commercial Loans > Working Capital > Alternate Financing > Discounting
Musk Technologies(2015, Bangalore)
Full-stack invoice discounting platform for SMEs Commercial Loans > Working Capital > Alternate Financing > Discounting
Canopi(2016, Bangalore)
Invoice discounting platform Commercial Loans > Working Capital > Alternate Financing > Discounting
Numberz(2015, Bangalore)
Invoice discounting platform Commercial Loans > Working Capital > Alternate Financing > Discounting
MarketBills(2016, Delhi)
Invoice discounting marketplace Commercial Loans > Working Capital > Alternate Financing > Discounting
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016110
Lending (6/25)Company Overview Business Model Total Funding
Finnovo(2015, Hyderabad)
Advance loans on invoices/receivables Commercial Loans > Working Capital > Alternate Financing > Discounting
Credinfi(2016, Gurgaon)
P2P invoice discounting platform Commercial Loans > Working Capital > Alternate Financing > Discounting > P2P Marketplace
LoanZen(2015, Bangalore)
Unsecured working capital loans platformTracxnLabs
Commercial Loans > Working Capital > B2C Marketplace
Lendingkart(2014, Ahmedabad)
Online platform that provides working capital for SMBs in IndiaIFMR Trust, Saama Capital, Mayfield, Bertelsmann, India Quotient, Bertelsmann India Investments
Commercial Loans > Working Capital > Direct Lenders
$30.65M
X10FinancialServices(2016, Singapore)
Supply chain focused tech NBFCCommercial Loans > Working Capital > Direct Lenders
PinCap(2014, Gurgaon)
Tech-NBFC offering working capital loansCommercial Loans > Working Capital > Direct Lenders
NeoGrowth(2010, Mumbai)
Working capital lending platformOmidyar Network, Accion, Khosla Impact, Aspada Investments, India Infoline Asset Management, Quona Capital
Commercial Loans > Working Capital > Merchant Cash Advance > Direct Lender
$46.6M
LoanTap(2016, Mumbai)
Platform for flexible consumer loan products.Consumer Loans > Direct Lender
$3M
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016111
Lending (7/25)Company Overview Business Model Total Funding
Gold Uno(2015, Mumbai)
Online gold loan comparisonConsumer Loans > Gold Loans > B2C Marketplace
Rupeek(2015, Bangalore)
Alternate lending platform for gold loansConsumer Loans > Gold Loans > B2C Marketplace
Healthfin(2016, Pune)
Healthcare financing platformConsumer Loans > Healthcare
GetHonestPay(2016, Bangalore)
Healthcare financing optionsConsumer Loans > Healthcare
HomeKuber(2016, Delhi)
Home loans marketplaceConsumer Loans > Home Loans > Marketplace
i2i Funding(2014, Noida)
P2P lending platformConsumer Loans > P2P Marketplace
$300K
Loan Singh(2015, Dona Paula)
P2P platform for unsecured consumer loansConsumer Loans > P2P Marketplace
Easy2Lend(2016, Bangalore)
P2P lending marketplaceConsumer Loans > P2P Marketplace
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016112
Lending (8/25)Company Overview Business Model Total Funding
Goodmoney(2015, Bangalore)
P2P lending platformConsumer Loans > P2P Marketplace
Rupaiya Exchange(2015, Delhi)
Online marketplace for P2P lendingConsumer Loans > P2P Marketplace
CapitalCircle(2015, Bangalore)
P2P lending marketplaceConsumer Loans > P2P Marketplace
FundingHub(2015, Bangalore)
Online marketplace for borrowers & lendersConsumer Loans > P2P Marketplace
LendSmart(2015, Hyderabad)
P2P lending platformConsumer Loans > P2P Marketplace
OpenTap(2014, Chennai)
Peer to peer lending marketplaceConsumer Loans > P2P Marketplace
Easy Rupiya(2014, Delhi)
P2P marketplace for borrowers and lendersConsumer Loans > P2P Marketplace
LoanHistory(2016, Bangalore)
Community sourced loan history verification.Consumer Loans > P2P Marketplace > Database
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016113
Lending (9/25)Company Overview Business Model Total Funding
EarlySalary(2015, Pune)
NBFC linked lending platform for consumer loansTranscorp International
Consumer Loans > Payday Loans
$1.5M
ReBase(2016, Bangalore)
Mobile app for payday loansConsumer Loans > Payday Loans
Rupeelend(2014, Delhi)
Pay day lending platformConsumer Loans > Payday Loans
Kadki(2015, Pune)
Online short term lending platformConsumer Loans > Payday Loans
QuickCredit(2015, Hyderabad)
P2P lending platform for short term loans.Consumer Loans > Payday Loans > P2P Marketplace
Vote4Cash(2014, Hyderabad)
Online P2P payday loans marketplaceConsumer Loans > Payday Loans > P2P Marketplace
IndiaLends(2014, Delhi)
Web-based personal loans marketplaceDSG Consumer Partners
Consumer Loans > Personal Loans > B2C Marketplace
$1M
Square Capital(2014, Gurgaon)
Online loan aggregatorConsumer Loans > Personal Loans > B2C Marketplace
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016114
Lending (10/25)Company Overview Business Model Total Funding
Creditexchange(2015, Bangalore)
Lending marketplace for institutional investors to connect to borrowersConsumer Loans > Personal Loans > B2C Marketplace
InstaPaisa(2015, Delhi)
B2C marketplace for personal loansConsumer Loans > Personal Loans > B2C Marketplace
Instaloans(2015, Bangalore)
Platform for personal loansConsumer Loans > Personal Loans > B2C Marketplace
Kredit Konnection(2015, Mumbai)
B2C Marketplace for personal loansConsumer Loans > Personal Loans > B2C Marketplace
Kountmoney(2015, Bangalore)
B2C lending marketplace for personal loansConsumer Loans > Personal Loans > B2C Marketplace
MoneyTap(2015, Bangalore)
App-based credit lineConsumer Loans > Personal Loans > Credit Line
Faircent(2013, Gurgaon)
P2P lending marketplaceAarin Capital, Brand Capital, JM Financial, M and S Capital Partners
Consumer Loans > Personal Loans > P2P Marketplace
$8.25M
iLend(2012, Hyderabad)
P2P marketplace for personal loansAngel Investment Network, Angaros Group
Consumer Loans > Personal Loans > P2P Marketplace
$134.7k
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016115
Lending (11/25)Company Overview Business Model Total Funding
Loan Lance(2016, Gurgaon)
Peer to peer lending platfformConsumer Loans > Personal Loans > P2P Marketplace
SimpliLend(2016, Delhi)
P2P lending startup in stealth modeConsumer Loans > Personal Loans > P2P Marketplace
The Money Club(2016, Delhi)
Mobile first peer to peer lending platformConsumer Loans > Personal Loans > P2P Marketplace
Hedwic(2015, Hyderabad)
Peer to peer lending platformConsumer Loans > Personal Loans > P2P Marketplace
Slab(2015, Hyderabad)
Peer-to-peer lending marketplaceConsumer Loans > Personal Loans > P2P Marketplace
Peerlend(2015, Hyderabad)
P2P lending platformConsumer Loans > Personal Loans > P2P Marketplace
Hagto(2015, Chennai)
Mobile app for peer to peer lendingConsumer Loans > Personal Loans > P2P Marketplace
Klickstart(2014, Delhi)
P2P lending marketplaceConsumer Loans > Personal Loans > P2P Marketplace
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016116
Lending (12/25)Company Overview Business Model Total Funding
IndiaMoneyMart(2015, Mumbai)
P2P lending platform for consumersConsumer Loans > Personal Loans > P2P Marketplace
LoanCircle(2015, Bangalore)
P2P lending marketplace platformConsumer Loans > Personal Loans > P2P Marketplace
ALTX(2011, Gurgaon)
Online peer to peer lending marketplace platformConsumer Loans > Personal Loans > P2P Marketplace
Lendbox(2015, Delhi)
Peer to peer lending marketplace platformConsumer Loans > Personal Loans > P2P Marketplace
SmartLending(2015, Delhi)
Peer to peer lending marketplaceConsumer Loans > Personal Loans > P2P Marketplace
LendWave(2015, Bangalore)
P2P lending marketplace platformConsumer Loans > Personal Loans > P2P Marketplace
LendenClub(2014, Mumbai)
Online marketplace for P2P lendingVenture Catalysts
Consumer Loans > Personal Loans > P2P Marketplace
LoanMeet(2015, Bangalore)
P2P lending platformConsumer Loans > Personal Loans > P2P Marketplace
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016117
Lending (13/25)Company Overview Business Model Total Funding
MutualLoans(2012, Mumbai)
P2P lending platform for loansConsumer Loans > Personal Loans > P2P Marketplace
CASHe(2016, Mumbai)
Short term personal loan platformConsumer Loans > Personal Loans > Short Term
Flexmoney(2016, Mumbai)
Purchase loans companyConsumer Loans > Purchase Loans
Waltonpay(2015, Delhi)
Purchase finance companyConsumer Loans > Purchase Loans
ePayLater(2016, Mumbai)
Checkout platform offering pay later option to usersConsumer Loans > Purchase Loans > Buy Now Pay Later
$2M
Khaata(2016, Mumbai)
Purchase lending platform for offline storesConsumer Loans > Purchase Loans > Buy Now Pay Later
Simpl(2014, Mumbai)
Credit amount to buy online and pay later with registered merchantsGreen Visor Capital
Consumer Loans > Purchase Loans > Buy Now Pay Later
ONEMi(2011, Chennai)
EMI based purchase loan providerVentureast
Consumer Loans > Purchase Loans > EMI based
$5M
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016118
Lending (14/25)Company Overview Business Model Total Funding
Snapmint(2015, Hyderabad)
EMI based purchase loan checkout solution.Consumer Loans > Purchase Loans > EMI based
emiBazaar(2011, Chennai)
EMI based purchase loan platformVentureast
Consumer Loans > Purchase Loans > EMI based
PaySense(2015, Mumbai)
EMI based purchase loan checkout platformNexus Venture Partners
Consumer Loans > Purchase Loans > EMI based
Fastbanking(2015, Mumbai)
Purchase loans providerConsumer Loans > Purchase Loans > EMI based
Zest Money(2015, Mumbai)
Lending platform for consumers to make ecommerce purchasesOmidyar Network
Consumer Loans > Purchase Loans > EMI based
CashCare(2014, Mumbai)
Consumer lending platform for eCommerce purchasesConsumer Loans > Purchase Loans > EMI based
KrazyBee(2016, Bangalore)
EMI based purchase loans for studentsYeahmobi, Fenqile
Consumer Loans > Purchase Loans > Students
$2M
SlicePay(2015, Bangalore)
EMI based purchase loans for studentsTracxnLabs, Blume Ventures
Consumer Loans > Purchase Loans > Students
$500K
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016119
Lending (15/25)Company Overview Business Model Total Funding
RedCarpetUp(2013, Gurgaon)
Purchase loans platform for college studentsGoogle, Y Combinator, Seedx
Consumer Loans > Purchase Loans > Students
$120k
DaddysWallet(2016, Chennai)
EMI-based purchase loans platform for studentsConsumer Loans > Purchase Loans > Students
BantaPay(2016, Noida)
Purchase loans for studentsConsumer Loans > Purchase Loans > Students
Finomena(2015, Bangalore)
EMI based purchase loan providerMatrix Partners India
Consumer Loans > Purchase Loans > Students
Quiklo(2015, Bangalore)
e-commerce purchase loan platformAccel Partners
Consumer Loans > Purchase Loans > Students
Meritlane(2015, Chennai)
Higher education discovery and financingConsumer Loans > Student Loans
Gyandhan(2015, Delhi)
Education financing marketplaceStanford Angels & Entrepreneurs India
Consumer Loans > Student Loans
LegUp(2016, Mumbai)
Financing for career enhancing activities Consumer Loans > Student Loans > Career Enhancing Activities
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016120
Lending (16/25)Company Overview Business Model Total Funding
Trustio(2016, Delhi)
Platform to avail short term student loans from college alumniConsumer Loans > Student Loans > P2P Marketplace
Vote4Edu(2015, Hyderabad)
P2P lending marketplace platform for education loansConsumer Loans > Student Loans > P2P Marketplace
InCred(2016, Mumbai)
Tech NBFC in SME and consumer lendingIDFC, Alpha Capital Direct Lender $74M
CreditVidya(2012, Mumbai)
Alternate credit scoring platformKalaari Enabler > Credit Rating $2M
Insigniq(2016, Bangalore)
Alternate credit scoring platformEnabler > Credit Rating
Shubhloans(2016, Bangalore)
Credit rating app and lending marketplaceEnabler > Credit Rating
Monsoon FinTech(2015, Delhi)
Alternate credit scoring platformEnabler > Credit Rating
Udhaar(2015, Pune)
Alternate credit scoring servicesEnabler > Credit Rating
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016121
Lending (17/25)Company Overview Business Model Total Funding
Karza(2015, Mumbai)
Loan management system with alternate credit score solutionEnabler > Credit Rating
Cefy(2015, Mumbai)
Alternate credit scoring companyStartupbootcamp Enabler > Credit Rating
CreditMantri(2012, Chennai)
Credit management servicesIDG Ventures India, Accion, Elevar Equity
Enabler > Credit Rating Improvement
$2.5M
CreditSeva(2014, Hyderabad)
Credit reports analysis, correction and monitoringInfocomm Investments, Startupbootcamp, Pix Vine Capital
Enabler > Credit Rating Improvement
$361K
FreeScoreIndia(2013, Mumbai)
Credit rating improvement solutionEnabler > Credit Rating Improvement
Credit Shastra(2014, Chandigarh)
Web and app based credit score analysis and managementEnabler > Credit Rating Improvement
Credit Sudhaar(2010, Mumbai)
Credit health management company offering credit scoring servicesEnabler > Credit Rating Improvement
ClearMyDues(2014, Delhi)
Web platform that enables customers to directly make settlement offers to their creditors
Enabler > Credit Rating Improvement
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016122
Lending (18/25)Company Overview Business Model Total Funding
CreditMonk(2015, Mumbai)
Crowd-sourced network for business owners & credit managersEnabler > Data Platform > Businesses
RetailLending(2011, Bangalore)
Home loan advisory & solution providerEnabler > Lead Generation > Housing
BankBazaar(2008, Chennai)
Loan comparison platformAmazon India, Sequoia Capital, Walden International, Eight Roads Ventures
Enabler > Lead Generation > Loan Comparison
$80M
APNAPAISA(2007, Mumbai)
Online marketplace for loans and investment productsSequoia Capital, JAFCO Asia, Intel Capital, ChrysCapital
Enabler > Lead Generation > Loan Comparison
$20.2M
Deal4loans(2007, Delhi)
Online portal for loan comparison.Franklin Templeton Investments
Enabler > Lead Generation > Loan Comparison
$15M
Rubique(2014, Mumbai)
Online marketplace for financial productsKalaari, Globevestor, Yournest, Dexter Angel Circle
Enabler > Lead Generation > Loan Comparison
$3M
LoanBaba(2015, Mumbai)
Loan comparison platformEnabler > Lead Generation > Loan Comparison
$320k
Finrek(2014, Jaipur)
Online marketplace for loan offersEnabler > Lead Generation > Loan Comparison
$50K
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016123
Lending (19/25)Company Overview Business Model Total Funding
9Crore(2015, Bangalore)
Loan comparison platformEnabler > Lead Generation > Loan Comparison
Bankloankart(2015, Delhi)
Online platform for comparing and applying loansEnabler > Lead Generation > Loan Comparison
Eloanjunction(2015, Mumbai)
Commercial and consumer loan comparison platform.Enabler > Lead Generation > Loan Comparison
iServe Financial’s(2014, Mumbai)
Online and Offline distributors of loansEnabler > Lead Generation > Loan Comparison
Rocket Loans(2015, Mumbai)
Loan comparison platformEnabler > Lead Generation > Loan Comparison
BankUdhaar(2013, Ahmedabad)
Online loan comparison portal for individualsEnabler > Lead Generation > Loan Comparison
WealthWhizz(2015, Bangalore)
Loan comparison platformEnabler > Lead Generation > Loan Comparison
Finheal(2015, Delhi)
Online portal for instant loan application and investment productsEnabler > Lead Generation > Loan Comparison
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016124
Lending (20/25)Company Overview Business Model Total Funding
Think Money(2015, Noida)
Mobile first business loan comparison platformEnabler > Lead Generation > Loan Comparison
Mwyn Tech(2015, Bangalore)
Fintech startup in stealth modeEnabler > Lead Generation > Loan Comparison
FinanceBuddha(2012, Bangalore)
Loan comparison platformThe Chennai Angels
Enabler > Lead Generation > Loan Comparison
Sulabhloan.com(2008, Bangalore)
Loan comparison websiteEnabler > Lead Generation > Loan Comparison
BankCircle(2012, Delhi)
Loan comparison platform for consumer and commercial loansEnabler > Lead Generation > Loan Comparison
RuLoans(2014, Mumbai)
Loan & financial product comparison portalEnabler > Lead Generation > Loan Comparison
Letzbank(2014, Hyderabad)
Loan comparison platformEnabler > Lead Generation > Loan Comparison
LoanUncle.org(2015, Delhi)
Loan comparison Web platformEnabler > Lead Generation > Loan Comparison
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016125
Lending (21/25)Company Overview Business Model Total Funding
Loanwalle(2015, Delhi)
Loan comparison platformEnabler > Lead Generation > Loan Comparison
Credit Nation(2012, Delhi)
Online marketplace for loan comparisonEnabler > Lead Generation > Loan Comparison
MyMoneyMantra(1989, Delhi)
Loan comparison platformEnabler > Lead Generation > Loan Comparison
LoanBoss(2002, Gurgaon)
Online platform for loan and insurance comparisonEnabler > Lead Generation > Loan Comparison
LoanAdda(2015, Delhi)
Online based loan aggregator platformEnabler > Lead Generation > Loan Comparison
Saarebank(2013, Delhi)
Loan origination platformEnabler > Lead Generation > Loan Comparison
quikrupee(2015, Chennai)
Online loan comparison platformEnabler > Lead Generation > Loan Comparison
Finance Bazaar(2011, Delhi)
Online platform for financial products comparisonEnabler > Lead Generation > Loan Comparison
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016126
Lending (22/25)Company Overview Business Model Total Funding
IndiaDeals(2010, Pune)
Loan listings and comparison portalEnabler > Lead Generation > Loan Comparison
Loan Magik(2015, Mumbai)
SME and Consumer loans marketplaceEnabler > Lead Generation > Loan Comparison
Apna Loan Bazaar(2013, Hyderabad)
Loans listing platformEnabler > Lead Generation > Loan Comparison
Loan Yantra(2013, Hyderabad)
Online platform for loan comparisonEnabler > Lead Generation > Loan Comparison
Bookmybank(2015, Noida)
Web marketplace for loan quotes and other financial services/instruments
Enabler > Lead Generation > Loan Comparison
LoanStreet(2014, Bangalore)
Online loan comparison marketplace & algorithm based advisoryEnabler > Lead Generation > Loan Comparison
TakeBestLoans(2013, Pune)
Online portal for loan comparisonEnabler > Lead Generation > Loan Comparison
LoanBaazar(2010, Pune)
Online platform for users to search, compare and apply for loans.Enabler > Lead Generation > Loan Comparison
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016127
Lending (23/25)Company Overview Business Model Total Funding
Connectabank(2011, Mumbai)
Loan comparison and other banking/financial servicesEnabler > Lead Generation > Loan Comparison
y Finance Care Advisors Pvt(2013, Gurgaon)
Online Loan Comparison PlatformEnabler > Lead Generation > Loan Comparison
Rupeezone(2012, Chennai)
Web platform for financial advisory and comparison of loans and insurance
Enabler > Lead Generation > Loan Comparison
RupeePower(2011, Gurgaon)
Online platform for personalized loan rates and insurance quotesEnabler > Lead Generation > Loan Comparison
SMEcorner(2014, Mumbai)
Online platform for SME loansAccion
Enabler > Lead Generation > Loan Comparison
The LoanWala(2012, Noida)
Online Retail Loan aggregatorEnabler > Lead Generation > Loan Comparison
Paisa Bazaar(2009, Gurgaon)
Online loan comparison platformEnabler > Lead Generation > Loan Comparison
CashKumar(2014, Bangalore)
Online aggregation platform for loansEnabler > Lead Generation > Loan Comparison
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016128
Lending (24/25)Company Overview Business Model Total Funding
MoneyLeo(2011, Mumbai)
Online loan comparison portal enabling customers to compare, select and apply for a Loan
Enabler > Lead Generation > Loan Comparison
Easy loan switch(2014, Ghaziabad)
Loan comparison and switching platform Enabler > Lead Generation > Loan Comparison > Refinancing
SwitchMe(2012, Mumbai)
Home loan switching platform500 Startups, Singapore Angel Network
Enabler > Lead Generation > Loan Comparison > Refinancing
WhatsLoan(2014, Bangalore)
Mobile app to connect to loan distributorsEnabler > Loan Agents Marketplace
Loany(2016, Bangalore)
Loan agent discovery appEnabler > Loan Agents Marketplace
Milaap(2010, Bangalore)
Online microlending and donation based crowdfunding platformJungle Ventures, Unitus Seed Fund, First Light Ventures, Khosla Impact, LionRock Capital
Micro Finance > P2P $1.35M
MicroGraam(2009, Bangalore)
P2P lending microfinance marketplaceArtha Venture Challenge Micro Finance > P2P $171.65k
p2p Microfinance(2010, Pilani)
Peer to peer microfinance platformMicro Finance > P2P
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016129
Lending (25/25)Company Overview Business Model Total Funding
WeCareIndia(2011, Gulbarga)
P2P lending platform for social investors.Micro Finance > P2P
RangDe(2008, Bangalore)
Non-Profit Microcredit PortalThe World Bank Group, Millennium Alliance Micro Finance > P2P
LendingPath(2016, Delhi)
P2P lending platform for personal and business loansP2P Marketplace
Worldoflending(2010, Delhi)
P2P Lending for personal and commercial loansP2P Marketplace
Payments << Go to BM List >> Banking Tech
Fintech India Report – October 2016130
Banking Tech (1/14)Company Overview Business Model Total Funding
FinUNO(2014, Bangalore)
Virtual Relationship Manager for financial service institutions
BondPlus(2015, Noida)
B2B marketplace for OTC Debt Capital Markets
Integrand(2013, Gurgaon)
Financial analytics and advisory company
Aureus Analytics(2013, Mumbai)
Big Data analytics services to BFSI sector in Europe and South East AsiaLetsVenture Analytics $850k
Pentation Analytics(2015, Andheri)
Analytic solutions for Banking, Financial Services and Insurance IndustryAnalytics
FinTechnoBridge Solutions(2012, Pune)
Technology solutions for financial services industry.Analytics
Credence Analytics(1993, Mumbai)
Analytics products for financial institutionsAnalytics
Quantum Phinance(2006, Mumbai)
Financial analytics and products for banks & NBFCsAnalytics
Lending << Go to BM List >> Insurance Tech
Fintech India Report – October 2016131
Banking Tech (2/14)Company Overview Business Model Total Funding
BankSmarts Solutions(2013, Gurgaon)
Risk and performance management solutions for BanksSRI Capital, Kae Capital Analytics
FINO PayTech(2006, Mumbai)
Financial inclusion technology providerICICI Bank, HSBC Group, Life Insurance Corporation of India, IFC, Blackstone, Intel Capital, Corporation Bank, Legatum, ICICI Lombard, Bharat Petroleum, Union Bank Of India, Indian Bank
Banking Correspondent $102.6M
A Little World(2000, Mumbai)
Mobile Banking PlatformLegatum, Caspian Impact Investment Adviser Banking Correspondent $6.41M
Eko(2007, Delhi)
Branchless Mobile BankingUM Social Venture Fund, Promus Equity Partners Banking Correspondent $5.5M
Mahagram(2015, Thane)
Banking correspondentBanking Correspondent
Vaya Finserv(2014, Hyderabad)
Tech enabled Business CorrespondentBanking Correspondent
Indepay(2007, Delhi)
Prepaid debit card based correspondence bankingEvia Capital Partners Banking Correspondent
BeWo Techno(2010, Chennai)
Hardware and software solutions for rural financial marketBanking Correspondent
Lending << Go to BM List >> Insurance Tech
Fintech India Report – October 2016132
Banking Tech (3/14)Company Overview Business Model Total Funding
Mahindra Comviva(1999, Gurgaon)
Mobile financial solutionsSequoia Capital, Cisco, Westbridge Capital Banking Frontend > Mobile $13.5M
ApnaKhata(2013, Mumbai)
Mobile banking platform to perform day-to-day transactionsBanking Frontend > Mobile
Cointab(2015, Mumbai)
Digital banking solutions companyBanking Frontend > Mobile
Artoo(2010, Bangalore)
Field Ops Managament for Microfinance, Healthcare.Accion, Villgro Innovations Foundation CRM $646K
Quantinuum Technologies(2014, Mumbai)
Customer onboarding solutions for banksCRM
MyMoneySage(2015, Bangalore)
Integrated CRM for financial servicesCRM
Herald Logic(2002, Mumbai)
Sales channel management solution for financial institutionsCRM
vLend Right(2015, Bangalore)
Platform for banks to improve customer experience for auto loansCustomer Experience
Lending << Go to BM List >> Insurance Tech
Fintech India Report – October 2016133
Banking Tech (4/14)Company Overview Business Model Total Funding
Fiinfra(2014, Mumbai)
Solutions provider for financial intermediariesCustomer Experience
Active AI(2016, Bangalore)
AI based SaaS platform for financial servicesKstart Customer Experience > AI $500k
Enterprise Bot(2016, Pune)
Customer service Bot solutionStartupbootcamp Customer Experience > AI
MyBanker(2016, Gurgaon)
AI based Banking assistantCustomer Experience > AI
CustomerXPs(2006, Bangalore)
Fraud & Customer experience management solutions for financial, retail and telecom industryJAFCO Asia
Fraud & Risk Management $4M
G-Square Solutions(2014, Mumbai)
BFSI Service providerFraud & Risk Management
Finserv(2008, Chennai)
Fraud and risk management companyFraud & Risk Management
Surya Software Systems(1999, Bangalore)
Risk management solutions for Banks, Hedge funds and corporationsFraud & Risk Management
Lending << Go to BM List >> Insurance Tech
Fintech India Report – October 2016134
Banking Tech (5/14)Company Overview Business Model Total Funding
Crossbow Labs(2014, Bangalore)
Information security systems for FIsFraud & Risk Management
FrauShield(2015, Delhi)
AI based financial fraud detection and alertingFraud & Risk Management
Risk Metrum(2016, Hyderabad)
Risk management tool for microfinance institutionsFraud & Risk Management > Analytics
Saraansh(2005, Bangalore)
Security solutions focused on data mining and business transaction processing
Fraud & Risk Management > Analytics
InCights(2010, Hyderabad)
Voice bio-metric solutions for identification & verification of customersIndia Quotient
Fraud & Risk Management > Verification
$160k
Sentropi(2012, Ahmedabad)
Online identity theft and financial fraud detection and prevention solutionsStart-Up Chile
Fraud & Risk Management > Verification
$40K
TrustId(2015, Gurgaon)
Credit and person verification servicesFraud & Risk Management > Verification
YoLokal(2015, Ahmedabad)
Mobile app to discover and communicate with local businessesMarketing Solutions
Lending << Go to BM List >> Insurance Tech
Fintech India Report – October 2016135
Banking Tech (6/14)Company Overview Business Model Total Funding
Insense(2015, Delhi)
Personal finance company in stealth modeMarketing Solutions
Connaizen(2015, Delhi)
Card-linked marketingStartupbootcamp Marketing Solutions
mTuzo(2015, Delhi)
Provides API to banks for customer analytics.Marketing Solutions > Analytics
Loylty Rewardz(2006, Mumbai)
Loyalty & relationship management company.Canaan Partners, Ventureast, India Ideas, InnoVen Capital
Marketing Solutions > Loyalty
$24.4M
Clink(2013, Hyderabad)
Card Linked marketing platformSequoia Capital, Kae Capital, Blume Ventures
Marketing Solutions > Loyalty
Reward360(2007, Bangalore)
Rewards and Loyalty Management companyMarketing Solutions > Loyalty
Fintellix(2006, Bangalore)
Analytics, Risk & Compliance Solutions for BankingSequoia Capital, IDG Ventures India Regulatory Compliance $12.5M
ComplyGlobal(2012, Bangalore)
Cloud based compliance platformIBCC, Tribeca Angels Regulatory Compliance $3.8M
Lending << Go to BM List >> Insurance Tech
Fintech India Report – October 2016136
Banking Tech (7/14)Company Overview Business Model Total Funding
GIEOM(2008, Bangalore)
Software solutions for banking operationsRegulatory Compliance
Riskpro(2009, Mumbai)
Risk Management and risk consulting companyRegulatory Compliance
AUDITime(1999, Mumbai)
Risk compliance and regulatory solution providerRegulatory Compliance
Asymmetrix(2010, Mumbai)
Financial risk management solutions.Regulatory Compliance
IRIS(2000, Vashi)
Cloud based XBRL solutionsSubhkam Regulatory Compliance
EVOLVUS(2007, Bangalore)
Software Products company in BFSIRegulatory Compliance > Anti Money Laundering
Fiction2Fact(2008, Mumbai)
AML Software Products and ServicesRegulatory Compliance > Anti Money Laundering
Digio(2015, Bangalore)
Document management with e-signatureRainmatter Regulatory Compliance > KYC $373k
Lending << Go to BM List >> Insurance Tech
Fintech India Report – October 2016137
Banking Tech (8/14)Company Overview Business Model Total Funding
Signzy(2015, Bangalore)
Digital contract drafting and signing platform running on cloudRegulatory Compliance > KYC
Finahub(2012, Kochi)
Aadhar authentication, eSign and customer service management platform Regulatory Compliance > KYC
Algorythmix Tech(2015, Mumbai)
Application development projects based on EthereumRegulatory Compliance > KYC
Divas Software(2012, Delhi)
SaaS based KYC+AML+CTF compliance solutionRegulatory Compliance > KYC
Automated Workflow Private Limited
(1996, Bangalore)
Retail and Corporate banking software solutions provider.
Regulatory Compliance > KYC
Aadhaar Connect(2014, Bangalore)
Aadhar authentication and e-KYC platformRegulatory Compliance > KYC
Esthenos(2015, Bangalore)
Field force automation solutions for the financial services industryRegulatory Compliance > KYC
TransTrac(2014, Chennai)
Web based solutions for organizations involved in large cash collection/transit
Software Solutions > Cash Management
Lending << Go to BM List >> Insurance Tech
Fintech India Report – October 2016138
Banking Tech (9/14)Company Overview Business Model Total Funding
Saraswat Infotech(2005, Mumbai)
SaaS based banking solutionsSoftware Solutions > Core Banking
Trust Systems & S/w(1999, Nagpur)
Software solutions and service providerSoftware Solutions > Core Banking
TrustBank CBS(1999, Nagpur)
Online based core banking software solutionSoftware Solutions > Core Banking
Conflux Technologies(2010, Bangalore)
Cloud based banking software for Micro-financesSoftware Solutions > Core Banking
Sesame Software Solutions(1993, Kozhikode)
Core banking solutions companySoftware Solutions > Core Banking
Issac(2006, Kolkata)
Core banking software providerSoftware Solutions > Core Banking
MicroFinS(1999, Nagpur)
Cloud-based core banking automation solutionsSoftware Solutions > Core Banking
Infrasoft Technologies(1995, Mumbai)
Software solutions provider for financial enterprisesBaring Private Equity Asia
Software Solutions > Horizontal
$24.8M
Lending << Go to BM List >> Insurance Tech
Fintech India Report – October 2016139
Banking Tech (10/14)Company Overview Business Model Total Funding
ZoukTech(2016, Bangalore)
Software for financial institutionsSoftware Solutions > Horizontal
EdgeVerve Systems(2014, Bangalore)
Software subsidiary of InfosysSoftware Solutions > Horizontal
Nucleus Software(1986, Noida)
Software solutions for Banks and Financial organizationsSoftware Solutions > Horizontal
Archis Business(2014, Thane)
Operations Management and Outsourcing Solutions.Software Solutions > Horizontal
Yethi(2013, Bangalore)
Testing automation products and servicesSoftware Solutions > Horizontal
Manam Infotech(2008, Bangalore)
Mobile first banking and wallet solutionsSoftware Solutions > Horizontal
Tech Excel(2011, Mumbai)
Software solutions for financial institutionsSoftware Solutions > Horizontal
BeyondSquare(2010, Bangalore)
Financial software solutions providerSoftware Solutions > Horizontal
Lending << Go to BM List >> Insurance Tech
Fintech India Report – October 2016140
Banking Tech (11/14)Company Overview Business Model Total Funding
Ideal Invent(2005, Bangalore)
Simplifying banking solutionsSoftware Solutions > Horizontal
Encore Theme Technologies(2010, Chennai)
End to end software solutions for BFSI sectorsSoftware Solutions > Horizontal
SOL Software Private Limited(2015, Delhi)
Software solutions for banksSoftware Solutions > Horizontal
Intellect Design Arena(2011, Chennai)
Enterprise Banking Platform providerSoftware Solutions > Horizontal
The Frozen Soft(2015, Hyderabad)
BFSI Software servicesSoftware Solutions > Horizontal
Winsoft Tech(1993, Mumbai)
Enterprise software solutions to financial organizationsSoftware Solutions > Horizontal
Transpure(2011, Mumbai)
Software solutions for customers in banking & financial industrySoftware Solutions > Horizontal
Hexagon Global(2012, Bangalore)
Technology solutions for clients in Banking & Financial sectorSoftware Solutions > Horizontal
Lending << Go to BM List >> Insurance Tech
Fintech India Report – October 2016141
Banking Tech (12/14)Company Overview Business Model Total Funding
Empay(2008, Kochi)
Technology solutions for financial services industrySoftware Solutions > Horizontal
Cloud Lending(2012, Bangalore)
Cloud based management platforms for lending institutions.EPIC Ventures, SF Capital, Lighter Capital, Green Visor Capital, Cota Capital
Software Solutions > Loan Management
$8.15M
Mosaik Risk(2015, Mumbai)
Risk analytics and visualization companySoftware Solutions > Loan Management
ARX TECH-AXS(2006, Gurgaon)
Software for financial institutionsSoftware Solutions > Loan Management
Zenfact(2013, Mumbai)
Trade finance solution provider for banks and corporates.Software Solutions > Loan Management
Finsoft(2015, Hyderabad)
Loan management and accounting solutions for NBFCsSoftware Solutions > Loan Management
iAlarm(2016, Pune)
SaaS solution for automation of loan disbursal and monitoring.Software Solutions > Loan Management
Fintech Labs(2015, Noida)
Financial solutions providerSoftware Solutions > Loan Management
Lending << Go to BM List >> Insurance Tech
Fintech India Report – October 2016142
Banking Tech (13/14)Company Overview Business Model Total Funding
Mitra Microfinance(2015, Delhi)
Analytics technology platformSoftware Solutions > Loan Management
FinIQ Consulting(2001, Pune)
Treasury & Wealth Management Product companySoftware Solutions > Wealth Management
MRL Posnet(2008, Chennai)
PoS technology infrastructure providerTechnology Solutions
Infinitas Technology Solutions(2015, Mumbai)
Consumer transaction technology provider for small and cooperative banks Technology Solutions
Jinglee(2014, Chennai)
IoT startup building smart connected devicesTechnology Solutions > IoT
AGS Transact Technologies(2002, Mumbai)
End to end payment solutions providerTPG, Actis
Technology Solutions > White Label ATM
$80M
BTI Payments India Pvt(1991, Bangalore)
White label ATMICICI Venture
Technology Solutions > White Label ATM
$22.4M
State ATM(2014, Mumbai)
White Label by RiddiSiddhi BullionsTechnology Solutions > White Label ATM
Lending << Go to BM List >> Insurance Tech
Fintech India Report – October 2016143
Banking Tech (14/14)Company Overview Business Model Total Funding
Indicash(2013, Mumbai)
White Label ATMTechnology Solutions > White Label ATM
India1ATM(2014, Bangalore)
White label ATM providerTechnology Solutions > White Label ATM
Lending << Go to BM List >> Insurance Tech
Fintech India Report – October 2016144
Insurance Tech (1/10)Company Overview Business Model Total Funding
thepolicykart(2015, Gurgaon)
Online life insurance seller website
We Protect India(2015, Pune)
Online insurance directoryAgents Aggregator
MyInsuranceBook(2016, Pune)
Insurance agent aggregatorAgents Aggregator
EigenRisk(2014, Bangalore)
Risk analytics solutions for insurance & risk management communityAnalytics
Skymet Weather Services(2003, Noida)
Crop insurance and weather forecasting data servicesOmnivore, DMG Information Data Providers $5.5M
iTrans Technologies(2009, Bangalore)
OBD device, app, development platform and analytics engine for connected cars Data Providers $2.1M
CarIQ(2013, Pune)
Connected car through telematicsPersistent Systems Data Providers $20k
Carnot(2015, Mumbai)
OBD device for carsData Providers
Banking Tech << Go to BM List >>
Software for
Institutional
Investors
Fintech India Report – October 2016145
Insurance Tech (2/10)Company Overview Business Model Total Funding
Yatis(2015, Bangalore)
Car tracking, maintenance, and safety appData Providers
CarX(2016, Bangalore)
Mobile app for tracking driving and vehicle analyticsData Providers
Lightmetrics(2015, Bangalore)
Computer vision and machine learning based mobile application for Car drivers Data Providers
ICareU(2014, Bangalore)
Cloud platform for Usage Based InsuranceData Providers
Zene(2015, Gurgaon)
Connected Car platformData Providers
Health Nine(2015, Mumbai)
Data driven care coordination network for healthcare organizationsData Providers
DirectInsure(2015, Gurgaon)
Online insurance aggregatorEnablers > Aggregators
OneAssist(2011, Mumbai)
One-stop assistance and security service for mobile, credit/debit card theft and lossLightspeed Venture Partners, Sequoia Capital, Assurant, Trifecta Capital
Gadget Insurance $11M
Banking Tech << Go to BM List >>
Software for
Institutional
Investors
Fintech India Report – October 2016146
Insurance Tech (3/10)Company Overview Business Model Total Funding
syncNscan(2012, Noida)
Mobile device insurance providerGadget Insurance
Accsure(2015, Mumbai)
Platform to buy gadget insuranceGadget Insurance
Policybazaar(2008, Gurgaon)
Leading online insurance aggregator in India.Info Edge India, Inventus Capital Partners, Intel Capital, Tiger Global Management, Ribbit Capital, ABG Capital, Steadview Capital, Premji Invest
Insurance Aggregators $69.6M
Coverfox(2011, Mumbai)
Insurance aggregator and selling platformAccel Partners, SAIF Partners, Catamaran Ventures Insurance Aggregators $14M
Easypolicy(2011, Noida)
Online selling and comparison platform for insuranceUnilazer Ventures Insurance Aggregators $2.2M
insureatclick(2008, Mumbai)
Online portal to compare and buy insuranceInsurance Aggregators
Bankbazaar Insurance(2015, Chennai)
Insurance web aggregatorInsurance Aggregators
Suggest Insurance(2015, Noida)
Online platform to compare insurance policiesInsurance Aggregators
Banking Tech << Go to BM List >>
Software for
Institutional
Investors
Fintech India Report – October 2016147
Insurance Tech (4/10)Company Overview Business Model Total Funding
CoverNest(2016, Chennai)
Insurance web aggregator portalInsurance Aggregators
STARiNSURED(2016, Satna)
Direct insurance brokerInsurance Aggregators
5paisa Insurance(2015, Mumbai)
Life insurance comparison platformInsurance Aggregators
ComparePolicy.com(2015, Noida)
Insurance comparison portalInsurance Aggregators
Oabima(2014, Lucknow)
Insurance comparison portalInsurance Aggregators
Boon Insurance(2015, Mumbai)
Insurance comparison portalInsurance Aggregators
MintWise(2015, Mumbai)
Insurance aggregator platform in stealth mode.Insurance Aggregators
Insurax(2014, Ahmedabad)
Life and Non-Life insurance aggregatorInsurance Aggregators
Banking Tech << Go to BM List >>
Software for
Institutional
Investors
Fintech India Report – October 2016148
Insurance Tech (5/10)Company Overview Business Model Total Funding
OpenWorld Insurance(2014, Hyderabad)
Insurance comparison platform with Direct Broker LicenseInsurance Aggregators
PolicyMantra(2010, Mumbai)
Insurance aggregatorInsurance Aggregators
Policy99.com(2015, Chennai)
Web and app based multi-insurance e-commerce platform.Insurance Aggregators
Insurance Pandit(2007, Delhi)
Insurance comparison portalInsurance Aggregators
PlanCover(2011, Delhi)
Insurance comparison portalInsurance Aggregators
Bimadirect(2010, Hyderabad)
Online insurance distribution portalInsurance Aggregators
Turtlemint(2015, Mumbai)
Online platform for Insurance comparisonNexus Venture Partners, Blume Ventures Insurance Aggregators
Happinsure(2014, Delhi)
Online insurance comparison portalInsurance Aggregators
Banking Tech << Go to BM List >>
Software for
Institutional
Investors
Fintech India Report – October 2016149
Insurance Tech (6/10)Company Overview Business Model Total Funding
InsuringIndia(2010, Mumbai)
Online platform for insurance comparisonInsurance Aggregators
PolicyTiger(2010, Delhi)
Online platform for policy comparisonInsurance Aggregators
Policy Boss(2012, Mumbai)
Online platform for insurance comparisonTPG Insurance Aggregators
NammaPolicy(2014, Chennai)
Online insurance aggregatorInsurance Aggregators
policylitmus(2013, Bangalore)
Online Insurance ComparisonInsurance Aggregators
PolicyAdvisor(2008, Pune)
Online insurance tools & products to aid consumers in choosing insurance Insurance Aggregators
Caring Papa(2014, Noida)
Online platform for insurance comparisonInsurance Aggregators
Policy Uncle(2012, Mumbai)
Online platform for comparing financial productsInsurance Aggregators
Banking Tech << Go to BM List >>
Software for
Institutional
Investors
Fintech India Report – October 2016150
Insurance Tech (7/10)Company Overview Business Model Total Funding
Policy Vendor(2012, Delhi)
Online platform for comparing insurance policiesInsurance Aggregators
e-Policybazaar(2014, Kolkata)
Online portal for insurance comparisonInsurance Aggregators
Fingoogle(2013, Mumbai)
Insurance web aggregatorInsurance Aggregators
Policybachat(2013, Hyderabad)
Web based insurance aggregator and comparison engineInsurance Aggregators
Quickbima(2013, Delhi)
Insurance comparison providerInsurance Aggregators
Buysmartpolicy(2012, Pune)
Online insurance aggregation platform helping users with purchasing insurance and other financial products Insurance Aggregators
Easy Insurance India(2008, Chennai)
Online platform to compare & buy insurance quotesInsurance Aggregators
PolicyX(2013, Gurgaon)
Web-based insurance comparison and buying platformInsurance Aggregators
Banking Tech << Go to BM List >>
Software for
Institutional
Investors
Fintech India Report – October 2016151
Insurance Tech (8/10)Company Overview Business Model Total Funding
MyInsuranceClub.com(2009, Mumbai)
Online platform to compare & apply for insurance policiesInsurance Aggregators
GreenLife Insurance(2009, Kolkata)
Online platform for comparing various types of insurance policiesInsurance Aggregators
Zibika(2007, Mumbai)
Online insurance platformInsurance Aggregators
RenewBuy(2014, Gurgaon)
Online motor insurance comparison providerMount Nathan Advisors
Insurance Aggregators > Automobile
$1M
SHCIL Insurance Repository(2011, Mumbai)
Insurance repositoryRepository
Karvy Insurance Repository(2013, Hyderabad)
Insurance RepositoryRepository
NSDL National Insurance Repository
(2011, Mumbai)
Insurance Repository
Repository
CDSL Insurance Repository Limited
(2011, Mumbai)
Web based insurance repository
Repository
Banking Tech << Go to BM List >>
Software for
Institutional
Investors
Fintech India Report – October 2016152
Insurance Tech (9/10)Company Overview Business Model Total Funding
CAMS Insurance Repository Services
(2011, Chennai)
Insurance repository
Repository
PolicyTray(2015, Chennai)
Online platform for life insurance plans know-howRepository
Agile Financial Technologies(2008, Mumbai)
BFSI software solution providerIDG Ventures India Software Solutions $5.74M
HealthHiway(2007, Hyderabad)
Care coordination solutions for healthcare organizationsGreylock Partners Software Solutions $4M
ValueMomentum(2000, Hyderabad)
Software solutions for BFSI sectorSoftware Solutions
mindZen(2005, Chennai)
Insurance software products companySoftware Solutions
Dream Tekis(2006, Bangalore)
Software solutions for insurance industrySoftware Solutions
Remedinet Technologies(2006, Bangalore)
Electronic Data Interchange technology connecting health providers directly with insurersNirvana Ventures Advisors
Software Solutions
Banking Tech << Go to BM List >>
Software for
Institutional
Investors
Fintech India Report – October 2016153
Insurance Tech (10/10)Company Overview Business Model Total Funding
IBEXI(2001, Mumbai)
IT solutions in insuranceSoftware Solutions
SafeHO(2015, Hyderabad)
Unemployment warranty providerUnemployment Insurance
Banking Tech << Go to BM List >>
Software for
Institutional
Investors
Fintech India Report – October 2016154
Software for Institutional Investors (1/7)Company Overview Business Model Total Funding
Eka Software Solutions(2004, Bangalore)
Commodity trading and risk management solutions for global commodity markets.Nexus Venture Partners, Silver Lake
$56.75M
AIMIn(2011, Mumbai)
Analytics driven price discovery platform for illiquid securities and assets.
LTech India(2008, Noida)
Software solutions for traders and institutional investors
Option Fintech(2014, Bangalore)
Algorithmic trading platform
DMACQ Software(2011, Mumbai)
Developer of browser-based applications for M&A ecosystem
FundWave(2013, Delhi)
Software for Alternative Funds
uTrade(2011, Chandigarh)
Open-source multi-asset trading platform and blockchain based settlement/clearingAxis Bank, Morpheus Gang
Algorithmic Trading $800k
Prophecis Technologies(2010, Noida)
Algorithmic trading and technology solutions providerAlgorithmic Trading
Insurance Tech << Go to BM List >> Investment Tech
Fintech India Report – October 2016155
Software for Institutional Investors (2/7)Company Overview Business Model Total Funding
Algofront(2015, Mumbai)
Web based application for algo trading.Algorithmic Trading
First Futures Software(2006, Pune)
Trading software solutions providerAlgorithmic Trading
Samssara(2010, Mumbai)
Algorithmic trading and quantitative investment advisory company.Algorithmic Trading
Tvisi Algo Systems(2012, Mumbai)
Developer of trading algorithmsAlgorithmic Trading
QuantXpress(2012, Pune)
QuantXpress – Deliver high performance automated trading and connectivity solutions Algorithmic Trading
Symphony(2009, Mumbai)
White label algorithmic trading system solutionAlgorithmic Trading
AlphaGrep(2010, Mumbai)
Trading firm across asset classesAlgorithmic Trading
TradeFortune(2014, Mumbai)
Online charting and trading platformAlgorithmic Trading
Insurance Tech << Go to BM List >> Investment Tech
Fintech India Report – October 2016156
Software for Institutional Investors (3/7)Company Overview Business Model Total Funding
Alphonso Capital(2014, Mumbai)
Public market investingAlgorithmic Trading
Optcore Technologies(2012, Panchkula)
Developer of automated algorithmic trading strategiesAlgorithmic Trading
Qpronto(2014, Mumbai)
Cloud based quantitative trading platform for tradersAlgorithmic Trading
Acceletrade(2011, Bangalore)
Hardware technology and software solutions for stock market tradingAlgorithmic Trading
NextGenQuant(2014, Mumbai)
Provider of algorithmic trading solutionsAlgorithmic Trading
ALGOWIRE(2012, Delhi)
Algorithmic trading solutions for high frequency trading operationsAlgorithmic Trading
Effte(2013, Mumbai)
Algorithmic trading system based on open source softwareAlgorithmic Trading
Omnesys Technologies (1997, Bangalore)
Software provider for securities trading & multi venue trading systemsAlgorithmic Trading
Insurance Tech << Go to BM List >> Investment Tech
Fintech India Report – October 2016157
Software for Institutional Investors (4/7)Company Overview Business Model Total Funding
Intgrea(2015, Bangalore)
Cloud based Merger & Acquisition solutionM&A $300K
Heckyl(2010, Mumbai)
Real time financial information & news analytics for markets & businessesSeedfund, IDG Ventures India
Market Data Analytics $4.75M
Beans & Intellect Financial Technology
(2006, Mumbai)
Technology, analytic and consulting solutions for treasury businesses
Market Data Analytics
EquityLevers(2015, Mumbai)
Equity markets analytics platformMarket Data Analytics
IndexMatters(2012, Bangalore)
AI based product for trading equity indicesMarket Data Analytics
Solaron Sustainability Services(2007, Bangalore)
Tools for ESG researchMarket Data Analytics
Algorial(2015, Bangalore)
R&D solutions for algo tradingMarket Data Analytics
StocInn(2013, Noida)
Web technology offering next generation trading solutionsMarket Data Analytics
Insurance Tech << Go to BM List >> Investment Tech
Fintech India Report – October 2016158
Software for Institutional Investors (5/7)Company Overview Business Model Total Funding
Cogencis(2007, Mumbai)
Real-time market data and financial newsMarket Data Analytics
Finoux(2012, Mumbai)
Software development companyPortfolio Analytics & Reporting
Applied Software(1991, Ahmedabad)
Wealth management software product companyPortfolio Analytics & Reporting
WealthSpectrum(2001, Ahmedabad)
Technology solution for asset and wealth managementPortfolio Analytics & Reporting
Valuefy(2010, Mumbai)
Solutions for portfolio management and risk analysis.Portfolio Analytics & Reporting
Miles Software Solutions(1999, Mumbai)
Wealth and Asset Management solutions for financial institutionsZephyr Management, Lighthouse Funds
Portfolio Analytics & Reporting
PiggyApp(2015, Thane)
Portfolio management platform for brokersPortfolio Management
SS&C GlobeOp(2000, Windsor)
Technology solutions provider to institutional investorsSageview Capital Practice Management Tools
Insurance Tech << Go to BM List >> Investment Tech
Fintech India Report – October 2016159
Software for Institutional Investors (6/7)Company Overview Business Model Total Funding
PE Front Office Solutions(2013, Delhi)
SaaS platform for Institutional InvestorsPractice Management Tools
IFAnow(2015, Mumbai)
Practice management tool for institutionsPractice Management Tools
FutureAdvisor(2013, Mumbai)
Practice management platform for financial advisorsPractice Management Tools
Finons Intelligence Systems(2015, Chennai)
Big data based equity research platformResearch Tools
Paststat(2011, Bangalore)
Stock market screening toolsResearch Tools
SRTEKBOX(2007, Delhi)
Compliance software solutionsSoftwares
KGFSL(1998, Coimbatore)
Software solutions for financial institutions and institutional investorsSoftwares
XtremSoft Technologies(2007, Mumbai)
Software solutions for broking and financial sectorSoftwares
Insurance Tech << Go to BM List >> Investment Tech
Fintech India Report – October 2016160
Software for Institutional Investors (7/7)Company Overview Business Model Total Funding
IMINA(2015, Rajahmundry)
SaaS products for enterprises and trading.Trade Management Software
TradeLab(2012, Kolkata)
Online trading platform for institutionsRainmatter Trading Platform $890k
123Capitals(2014, Coimbatore)
Trading platform for brokers and tradersTrading Platform
Finvasia(2009, Chandigarh)
Online and app-based platform for online tradingTrading Platform
F6online(2015, Gurgaon)
Technology platform for public market trading.Trading Platform
Kite(2015, Bangalore)
Web based trading platformTrading Platform
Stock Monks(2007, Hyderabad)
Financial services, portfolio management and trading platformTrading Platform
Celerix Technologies(2013, Bangalore)
High performance technology solutions for financial marketsBitkemy Ventures
Trading Platform > Infrastructure
$400K
Insurance Tech << Go to BM List >> Investment Tech
Fintech India Report – October 2016161
Investment Tech (1/31)Company Overview Business Model Total Funding
MaxMyWealth(2015, Jaipur)
Savings and investment platform
Expowealth(2016, Mumbai)
Personal finance & investment planning platform
CoreAthena(2015, Mumbai)
Investment platform in stealth mode
Aldira(2016, Hyderabad)
Wealth management platform
ProsperX(2016, Delhi)
Investment advisory startup in stealth mode
FinPin(2016, Mumbai)
Mobile first investment platform
Finstop(2014, Hyderabad)
Investment tech startup in stealth mode
Fxjo(2015, Kolkata)
Stealth mode algorithmic trading startup
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016162
Investment Tech (2/31)Company Overview Business Model Total Funding
OIIO(2015, Bangalore)
Investment Tech company in stealth mode
SpeculoMeter(2015, Mumbai)
Speculations measuring app
Invezta(2015, Mumbai)
Direct plan robo advisor
Oye Paisa(2015, Bangalore)
Investment Tech company
SimplifyCapital(2015, Mumbai)
DIY based wealth management platform for consumers
InstaFinancials(2016, Bangalore)
Platform for company financials dataCompany Data
CrediWatch(2013, Bangalore)
Real-time business monitoring, reporting & compliance analytics platform Company Data > Analytics
BankerBay(2012, Bangalore)
Web-based deal origination tool for PE firms and investment banksErnst and Young, NTUitive Private Market Investing $5M
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016163
Investment Tech (3/31)Company Overview Business Model Total Funding
Knolzone(2010, Roorkee)
Startup Discovery PlatformPrivate Market Investing
ShotPitch(2015, Bangalore)
Upcoming platform for startups to pitch to investorsPrivate Market Investing
FundHound(2015, Pune)
Funding platform for startups and venturesPrivate Market Investing
Fundpundit(2014, Mumbai)
Search engine for financial services with a self assessed rating systemPrivate Market Investing
SMERGERS(2013, Bangalore)
Online Investment Bank for SMEsPrivate Market Investing
Tracxn(2013, Bangalore)
Market intelligence platform for private market investingSAIF Partners, Beenext
Private Market Investing > Data Platform
$3.7M
India Startup Directory(2016, Noida)
Indian startups listing platformPrivate Market Investing > Data Platform
Venture Intelligence(2002, Chennai)
Provider of information and analysis on private company financials, transactions and valuations.
Private Market Investing > Data Platform
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016164
Investment Tech (4/31)Company Overview Business Model Total Funding
Global Financial Datafeeds(2009, Nashik)
Real time data providerPrivate Market Investing > Data Platform
Xeler8(2015, Delhi)
Indian startup discovery and deal sourcing platform.Private Market Investing > Data Platform
VCCEdge(2009, Noida)
Reaserch platform providing financial data about private companies.Private Market Investing > Data Platform
Nexensus(2013, Delhi)
Private company databasePrivate Market Investing > Data Platform
Altflo(2015, Mumbai)
Deal making platform for alternative asset firmsPrivate Market Investing > Deal-Origination Platform
GetSquareFeet(2014, Bangalore)
Data-driven investment platform for real estate investorsPrivate Market Investing > Real Estate
$100k
Propchunk(2015, Mumbai)
Real estate fractional ownership platformPrivate Market Investing > Real Estate
PropertyShare(2015, Bangalore)
Online platform for fractional ownership of residential apartmentsPrivate Market Investing > Real Estate
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016165
Investment Tech (5/31)Company Overview Business Model Total Funding
Flatons(2014, Pune)
Real estate investment discovery and investment analytics platformPrivate Market Investing > Real Estate
TheBuyerPower(2011, Noida)
Online listing platform for group buying deals on real estatePrivate Market Investing > Real Estate
SmartOwner(2012, Bangalore)
Online Real Estate Group Buying PortalPrime Venture Partners
Private Market Investing > Real Estate
Investobricks(2015, Surat)
Platform to browse and select real estate properties to invest in for consumers
Private Market Investing > Real Estate
TracxnSecondary(2016, Bangalore)
Secondary market investing platformPrivate Market Investing > Secondary Market
White Ocean(2015, Delhi)
Platform for secondary sale of sharesPrivate Market Investing > Secondary Market
Wealth Tech(2016, Mumbai)
Public market investmentsPublic Market Investing
Clearfunds(2016, Mumbai)
Investment tech startup in stealth modePublic Market Investing
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016166
Investment Tech (6/31)Company Overview Business Model Total Funding
MoneyWorks4me(2008, Pune)
Online portal for information and analysis on stocksPublic Market Investing
Minance(2014, Bangalore)
Quantitative research for Indian financial marketsPublic Market Investing
FundsInn(2013, Bangalore)
Online platform for users to invest into financial productsPublic Market Investing
IQN (2005, Mumbai)
IQN :: Real-Time Market Data Terminals, Charting & Technical Analysis Applications,Financial Market Software Solutions,Trading Platforms With Global Market Access
Public Market Investing
Moneysights(2009, Mumbai)
Online Mutual Fund InvestingBlume Ventures
Public Market Investing > Advisory
$270k
AimsQuant(2016, Delhi)
Investment advisory platform in stealth modePublic Market Investing > Advisory
Kuvera(2015, Bangalore)
Online wealth management portalPublic Market Investing > Advisory
Retirewell(2015, Mumbai)
Online investment advisory servicePublic Market Investing > Advisory
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016167
Investment Tech (7/31)Company Overview Business Model Total Funding
Advisorkhoj(2012, Bangalore)
Location based online search engine for financial advisors and CAsPublic Market Investing > Advisory > Aggregator
Moneybloom(2015, Bangalore)
Platform for portfolio management Public Market Investing > Advisory > Portfolio Management
Indus Valley Partners(2000, Mumbai)
Provider of technology solutions and services to the alternative investment industry.
Public Market Investing > Advisory > Portfolio Management
MProfit(2009, Mumbai)
Portfolio Management and Accounting Software Public Market Investing > Advisory > Portfolio Management
MyStatement(2014, Delhi)
White label portfolio tracking app Public Market Investing > Advisory > Portfolio Management
Oxyzen Financial(2006, Ahmedabad)
Investment portfolio tracker Public Market Investing > Advisory > Portfolio Management
Wealth Whispers(2015, Mumbai)
Personal financial advisory solution Public Market Investing > Advisory > Portfolio Management
ManageMyFortune(2011, Mumbai)
Platform connecting retail investors to investment advisors Public Market Investing > Advisory > Portfolio Management
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016168
Investment Tech (8/31)Company Overview Business Model Total Funding
CutYourLosers(2013, Bangalore)
Web based portfolio management tool for stocks Public Market Investing > Advisory > Portfolio Management
Asset Vantage(2013, Mumbai)
Cloud-based investment management platform Public Market Investing > Advisory > Portfolio Management
Valweave(2013, Pune)
Wealth management platform solution Public Market Investing > Advisory > Portfolio Management > Practice Management Tool
OptionsTracker(2014, Mumbai)
Web based stock trading tools Public Market Investing > Advisory > Portfolio Management > Practice Management Tool
FundsIndia(2009, Chennai)
Online investment platform for mutual funds & other financial productsInventus Capital Partners, Foundation Capital, Faering Capital
Public Market Investing > Advisory > Robo Advisor
$15.41M
MyUniverse(2012, Mumbai)
Web & mobile based personal finance management platformIFC
Public Market Investing > Advisory > Robo Advisor
$9.7M
Scripbox(2012, Bangalore)
Web-based platform enabling investing in mutual fundsAccel Partners, Omidyar Network, NuVentures
Public Market Investing > Advisory > Robo Advisor
$3.24M
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016169
Investment Tech (9/31)Company Overview Business Model Total Funding
5nance(2010, Mumbai)
Financial planning and management toolPublic Market Investing > Advisory > Robo Advisor
$2.5M
Goalwise(2015, Delhi)
Goal-based investing platformPublic Market Investing > Advisory > Robo Advisor
$1M
Fisdom(2015, Bangalore)
Mobile first robo advisorPublic Market Investing > Advisory > Robo Advisor
$500k
Wealthy(2015, Bangalore)
Automated advisor for tax saving investmentsTracxnLabs
Public Market Investing > Advisory > Robo Advisor
$237K
FundsGuru(2016, Bangalore)
Robo-advisory PlatformPublic Market Investing > Advisory > Robo Advisor
Opelq(2016, Bangalore)
Mobile first robo advisorPublic Market Investing > Advisory > Robo Advisor
Kwikplan(2016, Bangalore)
Robo-advisory platformPublic Market Investing > Advisory > Robo Advisor
Finatoz(2009, Bangalore)
Investment platform utilizing algo-based dynamic asset allocationPublic Market Investing > Advisory > Robo Advisor
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016170
Investment Tech (10/31)Company Overview Business Model Total Funding
Direct Funda(2016, Gurgaon)
Mutual Fund investment platformPublic Market Investing > Advisory > Robo Advisor
Kipomo(2014, Mumbai)
Robo advisor for mutual fund investments.Public Market Investing > Advisory > Robo Advisor
WealthTrust(2015, Mumbai)
Zero commission wealth management appIndia Quotient
Public Market Investing > Advisory > Robo Advisor
Top3choice(2016, Mumbai)
Goal based mutual fund investment platformPublic Market Investing > Advisory > Robo Advisor
FundExpert(2016, Bangalore)
Automated mutual fund investing platformPublic Market Investing > Advisory > Robo Advisor
RoboAdviso(2016, Gurgaon)
Mutual fund robo-Advisory platformPublic Market Investing > Advisory > Robo Advisor
Fincash(2016, Mumbai)
Online Investment AdvisorPublic Market Investing > Advisory > Robo Advisor
Taking stocks(2015, Bangalore)
Robo advisorPublic Market Investing > Advisory > Robo Advisor
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016171
Investment Tech (11/31)Company Overview Business Model Total Funding
Upwardly(2016, Bangalore)
Personalized Wealth Management & Advisory PlatformPublic Market Investing > Advisory > Robo Advisor
Finpeg(2016, Mumbai)
Online robo-advisory platformPublic Market Investing > Advisory > Robo Advisor
Finaskus(2015, Bangalore)
Mobile first robo-advisorPublic Market Investing > Advisory > Robo Advisor
Oxyzenfin(2015, Ahmedabad)
Automated goal-based investing platformPublic Market Investing > Advisory > Robo Advisor
WealthForce(2015, Delhi)
Automated mutual fund investment platformPublic Market Investing > Advisory > Robo Advisor
CashRich(2016, Mumbai)
Mobile wealth management appPublic Market Investing > Advisory > Robo Advisor
Upraise Labs(2015, Delhi)
Robo-advisory to invest in direct plansPublic Market Investing > Advisory > Robo Advisor
Tavaga(2015, Mumbai)
Mobile and web based investment management platformPublic Market Investing > Advisory > Robo Advisor
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016172
Investment Tech (12/31)Company Overview Business Model Total Funding
Dirvest(2015, Mumbai)
Investment advisory platform - Stealth ModePublic Market Investing > Advisory > Robo Advisor
ORO Wealth(2015, Mumbai)
Zero commission investment platformPublic Market Investing > Advisory > Robo Advisor
Bharosa Club(2015, Delhi)
Robo Advisor for direct plansPublic Market Investing > Advisory > Robo Advisor
Unovest(2015, Mumbai)
Investment platform for Mutual Fund Direct PlansPublic Market Investing > Advisory > Robo Advisor
Better Wealth Financial Services
(2016, Jaipur)
Robo AdvisorPublic Market Investing > Advisory > Robo Advisor
MySIPOnline(2015, Jaipur)
Online platform for SIP investmentsPublic Market Investing > Advisory > Robo Advisor
Invest Front(2014, Bangalore)
Fully automated personal investment management platform,Public Market Investing > Advisory > Robo Advisor
AdviseSure(2015, Mumbai)
Online investment portfolio tracking and managementPublic Market Investing > Advisory > Robo Advisor
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016173
Investment Tech (13/31)Company Overview Business Model Total Funding
Wixifi(2014, Delhi)
Robo investment advisory.Public Market Investing > Advisory > Robo Advisor
FinoTrust(2015, Gurgaon)
Online financial plannerPublic Market Investing > Advisory > Robo Advisor
Moneybase(2012, Kochi)
Financial advisory company to aid with informed personal finance decisions
Public Market Investing > Advisory > Robo Advisor
Wealthenabler(2014, Bangalore)
Online Platform for mutual fund investmentsPublic Market Investing > Advisory > Robo Advisor
SAFE Trade(2011, Hyderabad)
Automated stock market advisory systemPublic Market Investing > Advisory > Robo Advisor
Moneyfrog(2014, Mumbai)
Personal Financial PlannerPublic Market Investing > Advisory > Robo Advisor
InvestWorks(2012, Mumbai)
Online investment management platformPublic Market Investing > Advisory > Robo Advisor
ArthaYantra(2007, Hyderabad)
Web-based platform for personal finance planningWFA Global Investments
Public Market Investing > Advisory > Robo Advisor
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016174
Investment Tech (14/31)Company Overview Business Model Total Funding
RupeeVest(2013, Kolkata)
Online self-help investment platformPublic Market Investing > Advisory > Robo Advisor
TriVest Folio(2013, Mumbai)
Online Personal Investment ToolPublic Market Investing > Advisory > Robo Advisor
FinoZen(2016, Bangalore)
Mobile first investment platform Public Market Investing > Advisory > Robo Advisor > Micro Investments
Teaspoon(2015, Bangalore)
Mobile based tool to make small investments Public Market Investing > Advisory > Robo Advisor > Micro Investments
ShareBazaar(2014, Kolkata)
Mobile application for stock market news and tutorials.Public Market Investing > Advisory > Trading Tips
TeckAnalytics(2016, Gurgaon)
Big data based stock alert platformPublic Market Investing > Advisory > Trading Tips
Alliance Research(2014, Jabalpur)
Commodity trading tips and market information providerPublic Market Investing > Advisory > Trading Tips
Commodity Online Tip(2015, Delhi)
If you want tips for online trade in commodity market, visit us today and grab our risk free trial advisory.
Public Market Investing > Advisory > Trading Tips
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016175
Investment Tech (15/31)Company Overview Business Model Total Funding
Stockarcs(2015, Kanchipuram)
Buy, sell signal charts software solutions provider.Public Market Investing > Advisory > Trading Tips
BullTrack(2010, Kolkata)
Stock buy and sell signal appPublic Market Investing > Advisory > Trading Tips
TradingSocial(2016, Bangalore)
Social platform for traders and investorsPublic Market Investing > Advisory > Trading Tips
TradeMaster(2013, Mumbai)
Subscription based social platform to connect investors and Lead analysts
Public Market Investing > Advisory > Trading Tips
Tipbaba(2015, Gurgaon)
Platform to connect to follow top stock performersPublic Market Investing > Advisory > Trading Tips
Tipstop(2015, Mumbai)
Online portal for stock market research products.Public Market Investing > Advisory > Trading Tips
Alpha Invesco(2009, Pune)
Online investment advice and portfolio management companyPublic Market Investing > Advisory > Trading Tips
Squareoff(2014, Chennai)
Algo trading solutions Public Market Investing > Advisory > Trading Tips > Execution Platform
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016176
Investment Tech (16/31)Company Overview Business Model Total Funding
Investopresto(2009, Hyderabad)
Investment Portal for Indian investors. (Deadpooled)Crystal Horse Investments
Public Market Investing > Content
$296k
Zoom Stocks(2015, Delhi)
Content platform for investorsPublic Market Investing > Content
Niveza(2010, Pune)
Stock market content platformPublic Market Investing > Content
Morningstar India(1984, Mumbai)
Financial content platformPublic Market Investing > Content
Value Research(1990, Delhi)
Investment content websitePublic Market Investing > Content
India Finance Bazaar(2010, Chennai)
Investment data platformPublic Market Investing > Content
Moneycontrol(1999, Mumbai)
Digital news content related to stock markets, finance and economy.Public Market Investing > Content
Equitymaster(1996, Mumbai)
Stock market data platformPublic Market Investing > Content
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016177
Investment Tech (17/31)Company Overview Business Model Total Funding
Business Today(1982, Noida)
Business and financial news platformPublic Market Investing > Content
MyDigitalFC(2008, Delhi)
Finance data platformPublic Market Investing > Content
Goodreturns.in(2006, Bangalore)
Financial news platformPublic Market Investing > Content
Money Classic Research(2013, Indore)
Provides research and information on Indian capital marketsPublic Market Investing > Content
Intraday Traders(2012, Bangalore)
Online portal for providing stock informationPublic Market Investing > Content
Investor Realm(2014, Dehradun)
Online portal providing investments/savings informationPublic Market Investing > Content
CafeMutual(2010, Mumbai)
Content generation and sharing platform for mutual fund professionalsPublic Market Investing > Content
Major Gainz(2013, Mumbai)
Comprehensive financial portalPublic Market Investing > Content
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016178
Investment Tech (18/31)Company Overview Business Model Total Funding
Capvision Investment(2013, Indore)
Provides recommendation in all segment of investment marketsPublic Market Investing > Content
Trendlyne(2015, Bangalore)
Information portal for public market investorsPublic Market Investing > Content
Nifty Alert(2012, Delhi)
Stock market advisory firmPublic Market Investing > Content
InvestorsAreIdiots(2010, Mumbai)
Web platform offering subscription based financial contentPublic Market Investing > Content
Falcon(2014, Hyderabad)
Cloud based multi-channel stock tip servicePublic Market Investing > Content
Capital Mind(2013, Bangalore)
Indian stocks, fixed income and macroeconomics analysisPublic Market Investing > Content
BrainBought(2012, Ahmedabad)
Online resources for investing in stock marketsPublic Market Investing > Content
TipBazaar(2013, Pune)
Analytical market place for stock analysts to list & sell their tip packages
Public Market Investing > Content
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016179
Investment Tech (19/31)Company Overview Business Model Total Funding
Amigobulls(2013, Bangalore)
Market information, analysis & research on US listed tech stocks for investorsLetsVenture
Public Market Investing > Content
Commodity Master(2015, Ludhiana)
Commodity tips for traders Public Market Investing > Content > Commodity Markets
Money CapitalHeight Research Investment Advisers
(2011, Indore)
Stock advisory company in stock & commodity market Public Market Investing > Content > Commodity Markets
Fundsupermart India(2009, Mumbai)
Content platform for mutual fund investmentPublic Market Investing > Content > Mutual Funds
MarketsMojo(2015, Mumbai)
Algorithm-based stock research platformPublic Market Investing > Data Platform
$300.26k
TrueData(2014, Gandhinagar)
Real-time data providerPublic Market Investing > Data Platform
Stockarcs(2015, Chennai)
Intraday Trading Buy Sell Signal Software Nifty MCX Live ChartsShare Market Software
Public Market Investing > Data Platform
PRIME Database(1998, Delhi)
Capital market data platformPublic Market Investing > Data Platform
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016180
Investment Tech (20/31)Company Overview Business Model Total Funding
Stock Circuit App(, Gurgaon)
App for stock comparison videoPublic Market Investing > Data Platform
Pristo(2016, Bangalore)
Stock research platformPublic Market Investing > Data Platform
Teligenz(2013, Bangalore)
Gym Management System and Cloud based trading platformPublic Market Investing > Data Platform
TickerPlant(2005, Mumbai)
Real-time market data, news, technical analysis & charting platformPublic Market Investing > Data Platform
iCharts(2007, Hyderabad)
Real time data and chartsPublic Market Investing > Data Platform
Equinox Trend(2012, Chennai)
Real time market data providerPublic Market Investing > Data Platform
CDP India(1991, Mumbai)
Real-Time Market data, news and tools providerPublic Market Investing > Data Platform
Bloomberg India(1996, Mumbai)
Trading and news platformPublic Market Investing > Data Platform
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016181
Investment Tech (21/31)Company Overview Business Model Total Funding
GoStocks(2014, Chennai)
Online subscription platform disseminating Indian stocks and market information
Public Market Investing > Data Platform
ZyFin(2011, Mumbai)
Provides information regarding economic indicatorsZodius, Anthemis Group
Public Market Investing > Data Platform
BullBear Device(2014, Ahmedabad)
Smartphone app for real-time financial data and quotes of Indian + global indices
Public Market Investing > Data Platform
Equity Boss(2012, Chennai)
Web-based platform for discovering stocks and analysis for investment decisions
Public Market Investing > Data Platform
Neotrade Analytics(2013, Bangalore)
Real time data and analytics provider of stocksRainmatter
Public Market Investing > Data Platform > Analytics
$227K
TradeWellPlanned(2014, Pune)
Real-time trading signals and research toolsPublic Market Investing > Data Platform > Analytics
1MarketView(2015, Mumbai)
Stock market data and analysis for traders and investorsPublic Market Investing > Data Platform > Analytics
WealthyFox(2016, Mumbai)
Platform for aggregating & comparing financial analytics companiesPublic Market Investing > Data Platform > Analytics
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016182
Investment Tech (22/31)Company Overview Business Model Total Funding
NSEData(2013, Surat)
Technical analysis tools for NSEPublic Market Investing > Data Platform > Analytics
Spider Software(2000, Mumbai)
Real Time and End of Day technical analysis softwarePublic Market Investing > Data Platform > Analytics
Reliable Software(1990, Mumbai)
Real time market data and technical analysis software for stocks and commodities
Public Market Investing > Data Platform > Analytics
NextTrade(2014, Chennai)
Cognitive trading services for global marketsPublic Market Investing > Data Platform > Analytics
First Charting(2012, Bangalore)
Charting software for Indian stock and commodity marketsPublic Market Investing > Data Platform > Analytics
StockwarePro(2012, Thiruvananthapuram)
Technical analysis software for stocksPublic Market Investing > Data Platform > Analytics
TradeWellPlanned(2014, Pune)
Real-time trading signals and research toolsPublic Market Investing > Data Platform > Analytics
Milk-or-Water(2011, Delhi)
Stock market investment advice for retail investorsPublic Market Investing > Data Platform > Analytics
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016183
Investment Tech (23/31)Company Overview Business Model Total Funding
Alphamatters(2012, Bangalore)
Quantitative research service providerPublic Market Investing > Data Platform > Analytics
StockViz(2012, Bangalore)
Online platform to track and analyse stocks listed in IndiaPublic Market Investing > Data Platform > Analytics
TradersCockpit(2011, Bangalore)
Provider of stock market analysis and cloud based market analysis software
Public Market Investing > Data Platform > Analytics
Snolr(2010, Lucknow)
Platform offering data analytics based stock market analysisPublic Market Investing > Data Platform > Analytics
Screener.in(2012, Mumbai)
Web based stock analysis and screening toolPublic Market Investing > Data Platform > Analytics
Risk Edge Solutions(2013, Hyderabad)
Integrated risk analytics platform providing commodity risk management solutions
Public Market Investing > Data Platform > Analytics > Commodity Trading
Stockal(2014, Chennai)
Search Engine for stock investors with social media insights Public Market Investing > Data Platform > Analytics > Sentiment Index
Crowd.in(2014, Bangalore)
Real time public market sentiment index Public Market Investing > Data Platform > Analytics > Sentiment Index
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016184
Investment Tech (24/31)Company Overview Business Model Total Funding
Mannu(2016, Kolkata)
Personal stock market assistantPublic Market Investing > Data Platform > Chatbots
Commoditiescontrol(2004, Mumbai)
Mobile app to access information on various commodities for physical traders
Public Market Investing > Data Platform > Commodities
MCX Market Watch(2014, Ahmedabad)
Real-time commodity trading data app Public Market Investing > Data Platform > Commodities
Market Pulse(2015, Mumbai)
Real-time MCX data & market intelligence provider Public Market Investing > Data Platform > Commodities
Indian Trading League(2015, Mumbai)
Pro-Active Online Trading PlatformPublic Market Investing > Gamification
Fundzbazar(2016, Ahmedabad)
Online platform to make mutual investmentsPublic Market Investing > Mutual Funds
MoneyMarg(2012, Udaipur)
Online mutual fund investment platformPublic Market Investing > Mutual Funds
Anvil Share & Stock Broking(2004, Mumbai)
Online trading and portfolio managementPublic Market Investing > Trading Platform
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016185
Investment Tech (25/31)Company Overview Business Model Total Funding
Amrapali Aadya(2015, Lucknow)
Online platform provides for equity and mutual fund tradingPublic Market Investing > Trading Platform
TradeWithMe(2015, Bangalore)
Mentored Trading and Training services portalPublic Market Investing > Trading Platform
Labinoption(2015, Mumbai)
Binary trading platform Public Market Investing > Trading Platform > Binary Option Trading
Enrich Commodities(2013, Chennai)
Flat fee commodity trading platform Public Market Investing > Trading Platform > Commodity Trading
Glive(2013, Mumbai)
White label commodities trading platform Public Market Investing > Trading Platform > Commodity Trading
Pepko(2015, Delhi)
Commodity trading and foreign exchange platform Public Market Investing > Trading Platform > Commodity Trading
Bullion India(2012, Mumbai)
Online platform for SPOT trading in bullion-based products Public Market Investing > Trading Platform > Commodity Trading
FXIN Trading Co(2010, Mumbai)
Subscription based online forex trading platform Public Market Investing > Trading Platform > Forex Trading
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016186
Investment Tech (26/31)Company Overview Business Model Total Funding
Nord Forex(2010, Delhi)
SEBI regulated forex broker in india. Public Market Investing > Trading Platform > Forex Trading
TradePlus(2004, Chennai)
Online trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform
ICICI Direct(1999, Mumbai)
Online stock trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform
Fyers(2014, Bangalore)
Online stock trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Commission
KIFS Trade Capital(2014, Ahmedabad)
Web-based trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Commission
ShareShoppe(2015, Indore)
Web and mobile trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Commission
AxisDirect(2010, Mumbai)
Online Trading Platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Commission
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016187
Investment Tech (27/31)Company Overview Business Model Total Funding
Religare Online(1984, Delhi)
Online Share Trading Public Market Investing > Trading Platform > Online Stock Trading Platform > Commission
Kotak Securities(1994, Mumbai)
Stock Broker and online trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Commission
RKSV(2009, Mumbai)
Online retail brokerage firmKalaari, GVK
Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee
$4M
5paisa Capital(2015, Chennai)
Online stock trading platform and mutual fund robo-advisor Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee
Time Capital(1991, Delhi)
Online platform for public market investing. Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee
Compositedge(1995, Bangalore)
Flat fee trading company Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee
Fortune Trading Company(2009, Chennai)
Flat fee trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016188
Investment Tech (28/31)Company Overview Business Model Total Funding
My Value Trade(2014, Delhi)
Flat fee trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee
Microsec(2014, Kolkata)
Flat fee trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee
SAMCO(2004, Mumbai)
Online Share & Commodity Trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee
South Asian Stocks (SAS online)
(2010, Delhi)
Online trading platform and brokerage services for traders Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee
Tradesmartonline(2013, Mumbai)
Web and mobile based trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee
Zerodha(2010, Bangalore)
Brokerage-free, flat rate per trade trading platform for retail investors Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee
TradeJini(2012, Bangalore)
Online integrated trading services for equities, commodities & currencies
Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016189
Investment Tech (29/31)Company Overview Business Model Total Funding
Upstox(2016, Mumbai)
Mobile first trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Mobile First
Inves(2015, Bangalore)
Mobile first trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Mobile First
Stockezy(2008, Mumbai)
Social investing community.Dorsey
Public Market Investing > Trading Platform > Online Stock Trading Platform > Social Trading
$100k
TradeStreet(2012, Bangalore)
Social network for stock traders and analystsGSF India
Public Market Investing > Trading Platform > Online Stock Trading Platform > Social Trading
WeProfit(2015, Delhi)
Mobile app to follow expert traders and copy their trades Public Market Investing > Trading Platform > Online Stock Trading Platform > Social Trading
ShereIt(2015, Mumbai)
White-label social trading network for stock brokerage firmsStartupbootcamp
Public Market Investing > Trading Platform > Online Stock Trading Platform > Social Trading
Talkoot(2015, Bangalore)
Social platform for traders and investors Public Market Investing > Trading Platform > Online Stock Trading Platform > Social Trading
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016190
Investment Tech (30/31)Company Overview Business Model Total Funding
Money Plant(2015, Bangalore)
Trading advisory app Public Market Investing > Trading Platform > Professional Advice
Baan Money(2015, Gurgaon)
Online financial information portal and appointment booking platform for financial advisors
Public Market Investing > Trading Platform > Professional Advice
zupZup(2015, Delhi)
Professional stock advisory service Public Market Investing > Trading Platform > Professional Advice
Faircoin(2015, Bangalore)
Thematic investment platform Public Market Investing > Trading Platform > Thematic Investing
Kollectify(2015, Mumbai)
Thematic investment Platform Public Market Investing > Trading Platform > Thematic Investing
Smallcase(2015, Bangalore)
Platform for thematic investing in public markets Public Market Investing > Trading Platform > Thematic Investing
Tauro Wealth(2015, Bangalore)
Online platform providing investment ideas on thematic investingTracxnLabs
Public Market Investing > Trading Platform > Thematic Investing
Niveshi(2013, Delhi)
Intelligent Covestor Platform Public Market Investing > Trading Platform > Thematic Investing
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016191
Investment Tech (31/31)Company Overview Business Model Total Funding
Skybulls(2012, Delhi)
Simulated multi-exchange stock market trading platform. (Deadpooled)Start-Up Chile
Public Market Investing > Trading Platform > Virtual Trading
$40k
Moneypot.in(2009, Mumbai)
Virtual Stock trading game platform Public Market Investing > Trading Platform > Virtual Trading
Mystocklive(2015, Pune)
Virtual stock trading platform Public Market Investing > Trading Platform > Virtual Trading
Stockfans(2013, Gurgaon)
Virtual trading platform Public Market Investing > Trading Platform > Virtual Trading
Subillion(2013, Delhi)
Virtual trading platform Public Market Investing > Trading Platform > Virtual Trading
Stock Wolf(2015, Delhi)
Virtual stock trading platform Public Market Investing > Trading Platform > Virtual Trading
Ztocky(2014, Vadodara)
Social/gaming mobile app based on virtual stock trading Public Market Investing > Trading Platform > Virtual Trading
Software for
Institutional
Investors
<< Go to BM List >> Consumer Finance
Fintech India Report – October 2016192
Consumer Finance (1/21)Company Overview Business Model Total Funding
ChangeStreet(2016, Bangalore)
Savings and financial planning platform
InMotion(2015, Delhi)
Financial ecosystem for daily wage workers
Walat(2016, Kochi)
Mobile app that facilitates card-less ATM transactionsCash Withdrawal
digibank by DBS(2011, Mumbai)
Rebranded front end for DBS bankDigital Bank
PayVega(2014, Mumbai)
Digital banking platformDigital Bank
TestiMoney.com(2016, Bangalore)
Marketplace of financial product distributorsMultiple Products Aggregator
Increment(2016, Delhi)
Financial products platformMultiple Products Aggregator
Cardback(2012, Delhi)
Location aware offers for all kind of CardsLetsVenture, Tholons Capital, Morpheus Gang Payment Management $170k
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016193
Consumer Finance (2/21)Company Overview Business Model Total Funding
CardXpert(2015, Bangalore)
Card payment management appPayment Management
Perfios(2008, Bangalore)
Personal Finance Management portalPersonal Finance Mangement
$2M
FinPeace(2016, Mumbai)
Personal Finance Mangement
Credit Note(2016, Pune)
Mobile app to track moneyPersonal Finance Mangement
InstaEMI.com(2012, Hyderabad)
Aggregator platform for loans and investment productPersonal Finance Mangement
TruMoney(2015, Delhi)
Personal finance management platformPersonal Finance Mangement
akcheapp.com(2007, Mumbai)
Personal finance management application for Windows phonesPersonal Finance Mangement
QUBLE(2012, Gurgaon)
Personal finance management applicationPersonal Finance Mangement
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016194
Consumer Finance (3/21)Company Overview Business Model Total Funding
GoMaMo(2014, Chennai)
Personal Finance Management AppPersonal Finance Mangement
ManageME(2006, Delhi)
Cloud-based financial management solution for individualsPersonal Finance Mangement
InvestmentYogi(2008, Hyderabad)
Web based portal for financial planning and tax e-filingThinkplus
Personal Finance Mangement
Mowize(2016, Gurgaon)
Mobile app based personal finance manager Personal Finance Mangement > Accounts Management
Walnut(2014, Pune)
Mobile based personal SMS assistant and expense tracking appSAIF Partners, Sequoia Capital
Personal Finance Mangement > Budgeting
$9M
MoneyView(2014, Bangalore)
Personal finance smartphone appAccel Partners, Tiger Global Management, Ribbit Capital
Personal Finance Mangement > Budgeting
$8.5M
Qykly(2016, Noida)
Expense and transactions tracking appPersonal Finance Mangement > Budgeting
ETMoney(2014, Gurgaon)
Wealth management and expense tracking appPersonal Finance Mangement > Budgeting
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016195
Consumer Finance (4/21)Company Overview Business Model Total Funding
Mtrakr(2016, Delhi)
Mobile app to track persoinal financial expensesPersonal Finance Mangement > Budgeting
Monty Frugal(2016, Mumbai)
App to track personal expensesPersonal Finance Mangement > Budgeting
Money360(2016, Pune)
Personal finance management appPersonal Finance Mangement > Budgeting
Msnowball(2016, Kochi)
Personal financial management softwarePersonal Finance Mangement > Budgeting
KeepChits(2016, Chandigarh)
Expense management appPersonal Finance Mangement > Budgeting
Goals101(2015, Delhi)
Intelligent banking and PFM solution providerPersonal Finance Mangement > Budgeting
MoneySmart(2014, Mumbai)
Personal finance management based mobile applicationPersonal Finance Mangement > Budgeting
mExpense(2015, Surat)
Budgeting and Expense tracking platformPersonal Finance Mangement > Budgeting
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016196
Consumer Finance (5/21)Company Overview Business Model Total Funding
Money Quotient(2015, Chennai)
Personal Finance Management appPersonal Finance Mangement > Budgeting
Wallora(2016, Bangalore)
Personal finance management appPersonal Finance Mangement > Budgeting
Pocket Money(2015, Kochi)
Password protected expense management appPersonal Finance Mangement > Budgeting
LogicalExpenses(2015, Pune)
Daily expense tracking appPersonal Finance Mangement > Budgeting
Wallet+(2015, Mumbai)
Personal data storage and expense manager mobile appPersonal Finance Mangement > Budgeting
SpendWize(2013, Bangalore)
Automated expense trackerPersonal Finance Mangement > Budgeting
Motlay(2012, Gurgaon)
Personal finance applicationPersonal Finance Mangement > Budgeting
moFi(2015, Gurgaon)
Personal finance managerPersonal Finance Mangement > Budgeting
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016197
Consumer Finance (6/21)Company Overview Business Model Total Funding
Blue Wallet(2015, Mumbai)
Personal finance management appPersonal Finance Mangement > Budgeting
Jottr.in(2013, Mumbai)
E-mail based expense tallying app.Personal Finance Mangement > Budgeting
Expns(2015, Chennai)
Expense management appPersonal Finance Mangement > Budgeting
Bahi Khata(2015, Mumbai)
Mobile based expense management applicationPersonal Finance Mangement > Budgeting
Trackash(2015, Chennai)
Personal expense management toolPersonal Finance Mangement > Budgeting
Trakr(2015, Delhi)
Personal expense management solution with document storagePersonal Finance Mangement > Budgeting
Beewise(2015, Mumbai)
Expense tracking app500 Startups
Personal Finance Mangement > Budgeting
FinBox(2015, Mumbai)
Expense/bill tracking and personal finance management appPersonal Finance Mangement > Budgeting
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016198
Consumer Finance (7/21)Company Overview Business Model Total Funding
OneSmartWallet(2014, Bangalore)
Online platform for expense tracking and analysing spending patternsPersonal Finance Mangement > Budgeting
Faayda(2015, Delhi)
personal expense management applicationPersonal Finance Mangement > Budgeting
Splito(2015, Delhi)
Mobile app for personal expense managementPersonal Finance Mangement > Budgeting
MonSense(2014, Bangalore)
Expense tracker appPersonal Finance Mangement > Budgeting
Gullak(2015, Noida)
Mobile app for personal finance managementPersonal Finance Mangement > Budgeting
Scrooge(2015, Kochi)
Spend Tracking and Management applicationPersonal Finance Mangement > Budgeting
Khaatha(2015, Hyderabad)
Smartphone app to split group expenses and keep records of spendingsPersonal Finance Mangement > Budgeting
MyCenter(2015, Gurgaon)
Smartphone app providing spend statistics by tracking user's SMSPersonal Finance Mangement > Budgeting
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016199
Consumer Finance (8/21)Company Overview Business Model Total Funding
WealthPack(2014, Gurgaon)
Automated personal finance management appPersonal Finance Mangement > Budgeting
TrackEveryCoin(2010, Bangalore)
Web platform & mobile app for expense tracking & managementPersonal Finance Mangement > Budgeting
BillBaba(2011, Noida)
Online platform for aggregating bill payment info andPersonal Finance Mangement > Budgeting
Kitna Tax(2015, Delhi)
App to calculate taxes levied at F&B establishments. Personal Finance Mangement > Budgeting > Bill Management
Hyberpay(2015, Delhi)
Mobile app based bill management system for consumers Personal Finance Mangement > Budgeting > Bill Management
PaisaInvest(2015, Mumbai)
Online platform for financial planning, tax planning, investment advisory, research and education
Personal Finance Mangement > Content
Money Laxmi(2011, Gurgaon)
Personal finance information and comparison portalPersonal Finance Mangement > Content
PennySplit(2016, Kanpur)
Platform for splitting group expenses Personal Finance Mangement > Expense Splitting
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016200
Consumer Finance (9/21)Company Overview Business Model Total Funding
ShareExpense(2014, Vadodara)
Expense tracking and splitting app Personal Finance Mangement > Expense Splitting
KnoDues(2015, Gurgaon)
Expense splitting app Personal Finance Mangement > Expense Splitting
KnowDues(2015, Delhi)
Mobile app for expense sharing Personal Finance Mangement > Expense Splitting
SimpliWealth(2015, Bangalore)
Financial planning and investment platform Personal Finance Mangement > Financial Planning
Aapka Wealth(2016, Gurgaon)
Online platform to book a financial advisor Personal Finance Mangement > Financial Planning
YfinAdvisoR(2015, Delhi)
Online financial planning Personal Finance Mangement > Financial Planning
Rupiya Paisa(2015, Mumbai)
Investment advisory and financial planning platform Personal Finance Mangement > Financial Planning
Progno Advisor(2012, Kochi)
Online financial planning service Personal Finance Mangement > Financial Planning
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016201
Consumer Finance (10/21)Company Overview Business Model Total Funding
Chqbook(2016, Gurgaon)
On-demand financial services platform Personal Finance Mangement > Financial Planning
Big Decisions(2013, Mumbai)
Decision making tools for smarter financial decisions Personal Finance Mangement > Financial Planning
Tecwealth(2014, Mumbai)
Financial planning platform Personal Finance Mangement > Financial Planning
GoFinx(2015, Gurgaon)
Online personal finance planner website Personal Finance Mangement > Financial Planning
Adad Fin Advisors(2009, Lucknow)
Financial planning platform Personal Finance Mangement > Financial Planning
Mintster(2013, Mumbai)
Financial planning tools Personal Finance Mangement > Financial Planning
The Rite Plan(2014, Bangalore)
Financial planning platform Personal Finance Mangement > Financial Planning
FinMitra(2015, Bangalore)
Goal based financial planning platform Personal Finance Mangement > Financial Planning
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016202
Consumer Finance (11/21)Company Overview Business Model Total Funding
Money To Life(2014, Pune)
Retirement investment planning services Personal Finance Mangement > Financial Planning
PiggyBNK(2015, Mumbai)
Mobile based personal finance management application Personal Finance Mangement > Financial Planning
y Money Karma(2015, Hyderabad)
Web platform helping to aggregate and manage personal finances Personal Finance Mangement > Financial Planning
MYmoneymarket(2014, Delhi)
End-to-end solution for several financial products and financial planning for consumers
Personal Finance Mangement > Financial Planning
Seven Prosper(2014, Indore)
Personal financial management tool Personal Finance Mangement > Financial Planning
EasyLife(2005, Ahmedabad)
Web based personal finance management software Personal Finance Mangement > Financial Planning
Investeaze(2014, Delhi)
Online platform for customized investment advice for personal financial goals
Personal Finance Mangement > Financial Planning
Investkart(2015, Delhi)
Aggregator for financial products Personal Finance Mangement > Financial Planning > Aggregator
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016203
Consumer Finance (12/21)Company Overview Business Model Total Funding
Locatexprt(2015, Mumbai)
Smartphone app to locate financial professionals for services. Personal Finance Mangement > Financial Planning > Aggregator
Money Uncle(2015, Mumbai)
Personal finance advisory marketplace Personal Finance Mangement > Financial Planning > Aggregator
Personal Finance Plan(2014, Mumbai)
Online personal finance advisory Personal Finance Mangement > Financial Planning > Aggregator
RupeeTalk(2007, Mumbai)
Online content portal for personal financeSeedfund
Personal Finance Mangement > Financial Planning > Aggregator
Invest Guru(2003, Delhi)
Online platform for comparing investment products Personal Finance Mangement > Financial Planning > Aggregator
FINQA(2013, Gurgaon)
Fee based financial advisory and solutions Personal Finance Mangement > Financial Planning > Aggregator
FinMart(2013, Surat)
Online platform to search and apply for financial services Personal Finance Mangement > Financial Planning > Aggregator
IndianMoney(2008, Bangalore)
Web based platform for financial advice/educationHyderabad Angels, The Times Group
Personal Finance Mangement > Financial Planning > Aggregator
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016204
Consumer Finance (13/21)Company Overview Business Model Total Funding
Fincart(2013, Delhi)
Online financial planning and wealth management solutions Personal Finance Mangement > Financial Planning > Aggregator
Affordplan(2016, Delhi)
Saving plans for medical treatmentKstart
Personal Finance Mangement > Savings
$500K
Bankoncube(2016, Mumbai)
Automated savings appPersonal Finance Mangement > Savings
Groww(2016, Bangalore)
Platform for investing consumer's savingsPersonal Finance Mangement > Savings
Mintwalk(2016, Mumbai)
Machine learning and algorithm based platform to devise and manage saving plans for individuals
Personal Finance Mangement > Savings
SYM(2015, Kochi)
Web and mobile app-based microsavings platformPersonal Finance Mangement > Savings
SaveAbhi(2015, Gurgaon)
Micro savings platformPersonal Finance Mangement > Savings
Pulse(2013, San Francisco)
Mobile based micro-savings and payments platformPersonal Finance Mangement > Savings
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016205
Consumer Finance (14/21)Company Overview Business Model Total Funding
Jewelrich(2016, Mumbai)
Mobile and web platform to compare and invest in gold investment schemes.
Personal Finance Mangement > Savings > Gold
Cleartax(2010, Delhi)
Free Income Tax preparation and e-filing portalY Combinator, Paytm, SAIF Partners, Sequoia Capital, Founders Fund, FundersClub
Personal Finance Mangement > Tax Filing
$15.42M
tax2win(2015, Jaipur)
Online platform for income tax returns filingPersonal Finance Mangement > Tax Filing
$1M
Hello Tax(2015, Delhi)
Online tax filling platformPersonal Finance Mangement > Tax Filing
$294K
MakeMyReturns(2011, Mumbai)
Online Tax Advisory and Filing ServicePersonal Finance Mangement > Tax Filing
$200k
TaxRaahi(2016, Delhi)
Tax filing platformPersonal Finance Mangement > Tax Filing
TaxBandhu(2014, Patna)
Online portal for filing income tax returnPersonal Finance Mangement > Tax Filing
Instant ITR(2015, Delhi)
Online ITR filing portalPersonal Finance Mangement > Tax Filing
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016206
Consumer Finance (15/21)Company Overview Business Model Total Funding
TaxReturnWala(2016, Mohali)
Online tax filing platformPersonal Finance Mangement > Tax Filing
TaxSigma(2013, Kolkata)
Online platform for taxation related servicesPersonal Finance Mangement > Tax Filing
TaxTab(2015, )
Online tax filings platform for individualsPersonal Finance Mangement > Tax Filing
Taxsmile(2007, Bangalore)
End-to-end income tax return solutionsPersonal Finance Mangement > Tax Filing
eTaxcorner(2015, Hyderabad)
Tax return filing platformPersonal Finance Mangement > Tax Filing
Savemytax(2016, Coimbatore)
Tax filing platformPersonal Finance Mangement > Tax Filing
HamaraTax(2014, Thiruvananthapuram)
Tax filing platform for Individuals and BusinessesPersonal Finance Mangement > Tax Filing
TaxTitans(2015, Vadodara)
Online tax filing platform for individuals and businessesPersonal Finance Mangement > Tax Filing
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016207
Consumer Finance (16/21)Company Overview Business Model Total Funding
Omni Tax Returns(2014, Hyderabad)
Income tax returns e-filing assistant appPersonal Finance Mangement > Tax Filing
ReturnTouch(2015, Kolkata)
IT returns filing platformPersonal Finance Mangement > Tax Filing
Tax Chanakya(2012, Coimbatore)
Online Income tax filingPersonal Finance Mangement > Tax Filing
MyTaxHelper(2009, Delhi)
online filing of tax returnsPersonal Finance Mangement > Tax Filing
Filemyitr(2013, Delhi)
IT efiling servicesPersonal Finance Mangement > Tax Filing
eFiler(2001, Faridabad)
Income Tax India eFilingPersonal Finance Mangement > Tax Filing
Makeyourtax(2015, Kolkata)
Online tax filing platformTaxmantra, Indus Net Technologies
Personal Finance Mangement > Tax Filing
TaxFriday(2013, Hyderabad)
Online tax filing platformPersonal Finance Mangement > Tax Filing
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016208
Consumer Finance (17/21)Company Overview Business Model Total Funding
Taxshax(2007, Pune)
Income Tax Return e-Filing solutionPersonal Finance Mangement > Tax Filing
Tax Dost(2013, Faridabad)
Income Tax Returns e-filling for salaried and professionals employeesPersonal Finance Mangement > Tax Filing
Wealth4India(2013, Gurgaon)
Online tax filingPersonal Finance Mangement > Tax Filing
iTax Solution(2012, Nashik)
Income tax efiling servicesPersonal Finance Mangement > Tax Filing
IncometaxReturn(2012, Faridabad)
Online Income tax Return FilingPersonal Finance Mangement > Tax Filing
ITR Filing(2014, Kochi)
Experts Assisted Online Income Tax Return FilingPersonal Finance Mangement > Tax Filing
Vittena(2013, Chennai)
Tax Planner and income tax e-filingPersonal Finance Mangement > Tax Filing
EasyITfiling(2010, Hyderabad)
Portal for filing Income Tax Returns onlinePersonal Finance Mangement > Tax Filing
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016209
Consumer Finance (18/21)Company Overview Business Model Total Funding
TaxZippy(2015, Delhi)
Online e-filing platformPersonal Finance Mangement > Tax Filing
Finfiling(2015, Kolkata)
Online platform for end-end financial & taxation support servicesPersonal Finance Mangement > Tax Filing
myITreturn(2008, Mumbai)
Online based IT return platformPersonal Finance Mangement > Tax Filing
Mytaxcafe(2013, Kanpur)
Online income tax filingPersonal Finance Mangement > Tax Filing
TaxBingo(2010, Coimbatore)
Web platform assisting with tax filing and tax compliance servicesPersonal Finance Mangement > Tax Filing
MYFORM16(2013, Pune)
Online platform for tax filingPersonal Finance Mangement > Tax Filing
TaxMunshi(2008, Ranchi)
DIY Tax preparation toolPersonal Finance Mangement > Tax Filing
Taxvista(2014, Mangalore)
Web-based income tax preparation and e-filing solution for individualsPersonal Finance Mangement > Tax Filing
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016210
Consumer Finance (19/21)Company Overview Business Model Total Funding
H&R Block(2006, Pune)
Web based platform for tax e-filingPersonal Finance Mangement > Tax Filing
Chaireturn(2011, Hyderabad)
Online platform for e-filing income tax returnPersonal Finance Mangement > Tax Filing
Taxmantra(2009, Kolkata)
Online platform for individuals and businesses to file income tax returnPersonal Finance Mangement > Tax Filing
TaxSpanner(2007, Delhi)
Tax e-filing services with no cross-selling of informationIndian Angel Network, SternFisher, Splice Capital
Personal Finance Mangement > Tax Filing
OutGo(2016, Pune)
Mobile platform to manage your receive paymentsRecurring Payments
PayMyRent(2015, Chennai)
Rent and bills payment platformRecurring Payments
Tokencard(2016, Hyderabad)
Bill aggregator and payment appRecurring Payments > Bills
BillBox(2003, Mumbai)
Bill payment service providerRecurring Payments > Bills
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016211
Consumer Finance (20/21)Company Overview Business Model Total Funding
QwikFee(2016, Pune)
School fee payment platformRecurring Payments > Education
SchoolMate(2015, Mumbai)
Mobile based app for connecting parent with teachersRecurring Payments > Education
Zayfee(2016, Bangalore)
Fee payment platformRecurring Payments > Education
SchoolPay(2015, Mumbai)
Platform for paying school feesRecurring Payments > Education
Efee(2015, Mumbai)
Online fee payment and management platformRecurring Payments > Education
FeesApp(2014, Gurgaon)
Mobile app for making fee payment onlineRecurring Payments > Education
pay2school(2016, Rourkela)
Online platform to pay school feesRecurring Payments > Fees
Feecount(2016, Delhi)
College and school fee payment platformRecurring Payments > Fees
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016212
Consumer Finance (21/21)Company Overview Business Model Total Funding
PayAnyFee(2015, Delhi)
Student fee collection platformRecurring Payments > Fees
Paymatrix(2015, Hyderabad)
Online platform for rent payment and collectionRecurring Payments > Rentals
Investment Tech << Go to BM List >> Enterprise Finance
Fintech India Report – October 2016213
Enterprise Finance (1/9)Company Overview Business Model Total Funding
SunTec(1990, Thiruvananthapuram)
SaaS products for revenue and risk management.
ManageMyFinance(2016, Bangalore)
Accounting automation platformAccounting Tool
Busy(1997, Delhi)
Business Accounting Software for SMEsAccounting Tool
Crave Accounting(2012, Aurangabad)
SMB Accounting SoftwareAccounting Tool
Saral Accounts(2014, Bangalore)
On-premise accounting and billing softwareAccounting Tool
CorpAssist(2015, Delhi)
Accounting Software for small businessesAccounting Tool
Reachbooks(2014, Chennai)
Cloud based accounting software.Accounting Tool
eMerge(1996, Pune)
Web-based application for preparing consolidated financial statementsAccounting Tool
Consumer
Finance<< Go to BM List >> Forex
Fintech India Report – October 2016214
Enterprise Finance (2/9)Company Overview Business Model Total Funding
Nexstep(2002, Mumbai)
Cloud based expense management solution for businessesAccounting Tool
Openmiracle(2013, Malappuram)
Open source accounting softwareAccounting Tool
Accounter(2008, Hyderabad)
Cloud based accounting/invoicing and inventory management platformAccounting Tool
ZipBooks(2013, Ahmedabad)
Cloud Based accounting software for small businessesAccounting Tool
KDK Softwares(2003, Jaipur)
Taxation software for Indian tax professionalsAccounting Tool
Apeonomy(2014, Bangalore)
Web-based platform for bookkeeping and accountingAccounting Tool
MyMuneemji(2013, Mumbai)
Cloud based platform for account management, reporting & compliance Accounting Tool
mAccounts(2013, Mumbai)
Accounting app for AndroidAccounting Tool
Consumer
Finance<< Go to BM List >> Forex
Fintech India Report – October 2016215
Enterprise Finance (3/9)Company Overview Business Model Total Funding
AccountingGuru(2013, Bangalore)
Cloud based accounting, inventory management and billing softwareAccounting Tool
Automatize(2014, Pune)
Web-based accounting & invoicing platform for SMBsAccounting Tool
Book Keeper App(2011, Delhi)
Accounting app for Android, iOS and WindowsAccounting Tool
Giddh(2012, Indore)
Online accounting software for everyoneAccounting Tool
Slick Account Pvt(2012, Puri)
Bookkeeping software for small businessesAccounting Tool
Gaurilla.com(2014, Gurgaon)
Online Accounting SoftwareAccounting Tool
ProfitBooks(2010, Pune)
Online Accounting and Payroll Management for SMEsAccounting Tool
Reachaccountant(2010, Chennai)
Accounting Software for SMBsSternFisher, Orios Venture Partners, Morpheus Gang Accounting Tool
Consumer
Finance<< Go to BM List >> Forex
Fintech India Report – October 2016216
Enterprise Finance (4/9)Company Overview Business Model Total Funding
Happay(2012, Bangalore)
Web/mobile based business expense management solutionTLabs, Prime Venture Partners
Accounting Tool > Expense Management
$520k
Spend Smart App(2014, Thiruvananthapuram)
Mobile app to track personal expensesAccounting Tool > Expense Management
Finly(, )
Online platform to track and manage enterprise financeAccounting Tool > Expense Management
Billeasy(2015, Mumbai)
Paperless billing & payment tracking platform for businessesAccounting Tool > Expense Management
Expensery(2014, Bangalore)
Mobile expense management appAccounting Tool > Expense Management
Fyle(2015, Bangalore)
Digital Transaction NetworkAccounting Tool > Expense Management
CommSouth Infocom(1995, Chennai)
Software products and solutions for telecom expensesAccounting Tool > Expense Management
CorpTnE(2014, Bangalore)
CorpTnE - Expense Management | Employee Delight | ProcurementAccounting Tool > Expense Management
Consumer
Finance<< Go to BM List >> Forex
Fintech India Report – October 2016217
Enterprise Finance (5/9)Company Overview Business Model Total Funding
Zento(2014, Mumbai)
Employee Expense And Travel Management SystemAccounting Tool > Expense Management
Intellibuzz(2010, Mumbai)
Telecom Expense ManagementSeedx
Accounting Tool > Expense Management
ExpenseOut(2012, Chennai)
Expense Management solution for enterprisesAccounting Tool > Expense Management
Xpensemanager(2013, Bangalore)
Cloud based expense management platformAccounting Tool > Expense Management
ExpenseBuzz(2012, Mumbai)
Cloud based Telecom Expense Management systemAccounting Tool > Expense Management
Walue(2015, Hyderabad)
Digital billing and Invoicing solutionAccounting Tool > Invoicing
inReceipts(2015, Delhi)
Digitization of bills and receiptsAccounting Tool > Invoicing
BillD(2015, Gurgaon)
Cloud platform for bill storage, management and customer expense analytics Accounting Tool > Invoicing
Consumer
Finance<< Go to BM List >> Forex
Fintech India Report – October 2016218
Enterprise Finance (6/9)Company Overview Business Model Total Funding
CloudBooks(2014, Lucknow)
SaaS invoicing for SMBsAccounting Tool > Invoicing
Cowry(2015, Gurgaon)
Invoice generation and payment solutionAccounting Tool > Invoicing
Everybill(2015, Bangalore)
Mobile billing and paymentAccounting Tool > Invoicing
InvoiceRack(2013, Bangalore)
Web based invoicing software for businessesAccounting Tool > Invoicing
OnlineBiller(2012, Puducherry)
Billing software for retail shopsAccounting Tool > Invoicing
Jusbill(2009, Delhi)
Online billing & invoicing applicationAccounting Tool > Invoicing
Innoworth(2012, Mumbai)
SMAC based technology for General StoresAccounting Tool > Invoicing
Otter(2014, Bangalore)
Cloud based tasks & client management platform for busienssesAccounting Tool > Invoicing
Consumer
Finance<< Go to BM List >> Forex
Fintech India Report – October 2016219
Enterprise Finance (7/9)Company Overview Business Model Total Funding
99invoice(2014, Puducherry)
Online Invoice Management SoftwareAccounting Tool > Invoicing
Hisabing(2013, Chennai)
SaaS invoicing and quotation management for SMEsAccounting Tool > Invoicing
Jetbill(2013, Indore)
Cloud-based invoicing and quotation building platformAccounting Tool > Invoicing
ShimBi MyBilling(2005, Pune)
Online invoicing and payments softwareAccounting Tool > Invoicing
Beejak(2011, Noida)
Online Invoicing & Billing SoftwareAccounting Tool > Invoicing
Wink Bill(2008, Delhi)
Web Based Invoicing SoftwareAccounting Tool > Invoicing
Invoicera(2009, Delhi)
Billing and Invoice Management SoftwareAccounting Tool > Invoicing
Chargebee(2011, Chennai)
Managed subscription billing service for SaaSAccel Partners, Tiger Global Management
Accounting Tool > Invoicing > Subscription Billing
$6.17M
Consumer
Finance<< Go to BM List >> Forex
Fintech India Report – October 2016220
Enterprise Finance (8/9)Company Overview Business Model Total Funding
hummingbill(2014, Bangalore)
Mobile based subscription billingStart-Up Chile, CRE Venture Capital
Accounting Tool > Invoicing > Subscription Billing
$210k
Blu Synergy(2008, Bangalore)
billing, notification and payment collection platform for customersAccounting Tool > Invoicing > Subscription Billing
Emportant(2010, Mumbai)
Cloud based Payroll and HR SoftwareAccounting Tool > Payroll Managment
Paybooks(2011, Bangalore)
Web-based payroll management software and payroll outsourcing service provider
Accounting Tool > Payroll Managment
Discover Dollar(2012, Bangalore)
Technology solution for over-payment analytics in retail industryAxilor Ventures Auditing Tool
Eccounts(2016, Bangalore)
Cloud based accounting platformCompliance Tool
Compliance Konnect(2014, Bangalore)
Cloud based compliance management solutionCompliance Tool
AlphaBricks(2010, Pune)
Software solution for financial and corporate governanceCompliance Tool
Consumer
Finance<< Go to BM List >> Forex
Fintech India Report – October 2016221
Enterprise Finance (9/9)Company Overview Business Model Total Funding
CimplyFive(2014, Bangalore)
Cloud based Compliance solution providerCompliance Tool
BigFiling(2014, Bangalore)
Online XBRL compliance solutionCompliance Tool
Niyo Solutions(2015, Bangalore)
Alternate payment for salaried employeesPrime Venture Partners
Employee Benefits Management
$1.15M
Goodbits(2016, Kochi)
Digital coupons and tax benefits solutionsEmployee Benefits Management
Paysack(2015, Bangalore)
Mobile wallet manage employee benefitsEmployee Benefits Management
Zeta(2015, Bangalore)
Mobile-based payment solutionEmployee Benefits Management
TaxCloud(2012, Delhi)
Cloud based ITR and e-TDS software for enterprisesTaxation
Udyog Software(1993, Mumbai)
Tax automation solutionsTaxation
Consumer
Finance<< Go to BM List >> Forex
Fintech India Report – October 2016222
Forex (1/2)Company Overview Business Model Total Funding
Fxkart(2014, Bangalore)
Aggregator of forex rates$2M
BookMyForex(2011, Gurgaon)
Online Money Exchange and RemittancesFaering Capital $2M
BuyForexOnline(2012, Bangalore)
Online provider for prepaid Forex cards & online forex purchase$167k
Currency Kart(2015, Delhi)
Online Forex platform
Forex Bazaar(2015, Mumbai)
Online currency exchange platform
getmeforex(2016, Mumbai)
Online Forex Service Providers
Forexbuy(2015, Mumbai)
Online forex marketplace
BuyForex(2015, Mumbai)
Online portal to buy/sell forex, transfer money and get pre-paid cards for travels
Enterprise
Finance<< Go to BM List >> Cryptocurrency
Fintech India Report – October 2016223
Forex (2/2)Company Overview Business Model Total Funding
Reliable FX(2012, Pune)
Online based forex brokerage firm
DoorstepForex(2014, Mumbai)
Online platform for users to buy and sell forex
ExTravelMoney(2012, Kochi)
Online foreign currency exchange platform
Nafex(2014, Bangalore)
Online platform connecting buyers & sellers of forex
Money Messenger(2012, Hyderabad)
Trade alert communication toolIneda Venture Group Communication Tool
Enterprise
Finance<< Go to BM List >> Cryptocurrency
Fintech India Report – October 2016224
Cryptocurrency (1/3)Company Overview Business Model Total Funding
Nexchanges(2014, Mumbai)
Exchanges as a Service for transacting the world's illiquid asset classes
GreencoinX(2013, Ahmedabad)
Identifiable digital currency.Alternative Currency
Gumlet(2015, Bangalore)
Bitcoin binary options providerBitcoin > Binary Options
Unocoin(2013, Bangalore)
India based bitcoin exchangeMumbai Angels, FundersClub, Boost VC, ah! Ventures, Digital Currency Group, BnkToTheFuture.com, Blume Ventures
Bitcoin > Exchange $1.75M
Coinsecure(2014, Delhi)
India based Bitcoin exchange and trading platform.Bitcoin > Exchange $1.2M
BuyUcoin(2016, Ghaziabad)
Bitcoin exchange platformBitcoin > Exchange
Webocoin(2016, Bhubaneswar)
Platform to buy and sell bitcoinsBitcoin > Exchange
Bitdeal(2016, Madurai)
Bitcoin exchange platformBitcoin > Exchange
Forex << Go to BM List >> Crowdfunding
Fintech India Report – October 2016225
Cryptocurrency (2/3)Company Overview Business Model Total Funding
Sellbitbuy(2016, Madurai)
Bitcoin trading platformBitcoin > Exchange
Trybitcoin(2016, Bangalore)
Online platform to buy and sell bitcoins.Bitcoin > Exchange
BTCXIndia(2013, Hyderabad)
Bitcoin exchange in India.Bitcoin > Exchange
GainBitcoin(2013, Delhi)
Online platform for bitcoin trading and miningBitcoin > Mining
BITMIN(2015, Chennai)
Crowd sourced bitcoin miningBitcoin > Mining
ThroughBit(2016, Bangalore)
Stealth mode bitcoin company in IndiaBitcoin > Payments
Blockonomics(2014, Hyderabad)
Bitcoin financial tracker.Bitcoin > Tracking + Management
ZebPay(2014, Ahmedabad)
Bitcoin wallet with transactions based on mobile numbersBitcoin > Wallet $1.12M
Forex << Go to BM List >> Crowdfunding
Fintech India Report – October 2016226
Cryptocurrency (3/3)Company Overview Business Model Total Funding
DigitalCoins Exchange(2014, Gurgaon)
Digital cyptocurrency P2P exchange in IndiaBitcoin > Wallet
Nuovocard(2014, Bhubaneswar)
Bitcoin Debit Card and Point of Sale SolutionBitcoin > Wallet
Bitsy(2014, Bangalore)
SMS based bitcoin money transferBitcoin > Wallet
Infipay(2016, Mumbai)
Upcoming bitcoin walletBitcoin > Wallet
CryptoMe(2015, Delhi)
P2P money transfer using blockchain technologyBitcoin > Wallet
Zilra(2015, Chennai)
Fixed rate virtual currency and walletWallet
Forex << Go to BM List >> Crowdfunding
Fintech India Report – October 2016227
Crowdfunding (1/8)Company Overview Business Model Total Funding
Ketto(2012, Mumbai)
Crowdfunding PlatformLetsVenture, Intellecap, ah! Ventures, Intellecap Impact Investment Network, The Chennai Angels, India Internet Fund, Calcutta Angels, IndusAge Partners, Hiraco Ventures, Anthill Ventures
$850k
Angel Heart(2015, Delhi)
Crowdfunding platform for projects and social causes.
Fuel a Dream(2015, Bangalore)
Crowdfunding platform
FundCentral(2015, Delhi)
Crowdfunding Platform
Kickstarters(2015, Mumbai)
Crowdfunding platform
Fund My Dream(2013, Chennai)
Online crowd-funding platform for creative arts & social causes
ShoutStart(2015, Chennai)
Crowd Funding Startup based in Chennai
evangl(2015, Mumbai)
Crowd Funding Platform
Cryptocurrency << Go to BM List >> Miscellaneous
Fintech India Report – October 2016228
Crowdfunding (2/8)Company Overview Business Model Total Funding
BlueChits(2014, Mumbai)
Web platform to browse and fund crowd-funding campaigns
TheHotStart(2013, Delhi)
Online crowdfunding platform
Ignite Intent(2012, Mumbai)
Online crowdfunding platform
Power for One(2015, Mumbai)
Donation-based crowdfunding platformDonation
Raise For Help(2015, Delhi)
Online crowdfunding platformDonation
SavingsMatch(2014, Pune)
Crowdfunding through micro savingsDonation
Impact Guru(2014, Mumbai)
Crowdfunding platform for social causesRB Investments Donation > Causes $500K
Fund Strength(2015, Gurgaon)
Social project crowdfunding platformDonation > Causes
Cryptocurrency << Go to BM List >> Miscellaneous
Fintech India Report – October 2016229
Crowdfunding (3/8)Company Overview Business Model Total Funding
Nice Headache(2015, Mumbai)
Crowdfunding platformDonation > Causes
Get Closer(2014, Bangalore)
Crowdfunding for legal feesDonation > Causes
KIBO(2015, Mumbai)
Crowdfunding platform for causesDonation > Causes
OkGoFund(2014, Mumbai)
Online based crowdfunding platformDonation > Causes
FundDreamsIndia(2014, Chandigarh)
Donation-based crowdfunding platform in IndiaDonation > Causes
Poolmefund(2015, Delhi)
Web and mobile platform to raise funds for personal causesDonation > Causes
LetsEndorse(2014, Chandigarh)
Crowd-endorsing platform for social cause projectsDonation > Causes
Buddyinterest(2013, Chennai)
Social financial network to post and garner support for social cause campaigns Donation > Causes
Cryptocurrency << Go to BM List >> Miscellaneous
Fintech India Report – October 2016230
Crowdfunding (4/8)Company Overview Business Model Total Funding
BitGiving(2013, Delhi)
Social fundraising platformDonation > Causes
EduDharma(2016, Coimbatore)
India-based crowdfunding platform for academic scholarship funding.Donation > Education
India For Sports(2015, Gorakhpur)
Crowdfunding platform for supporting athletesDonation > Sports
Grex(2014, Pune)
Value growth exchange platform for high growth unlisted companiesEquity $660k
LetsVenture(2013, Bangalore)
Online platform for startups to raise seed/angel fundingAccel Partners, IDG Ventures India Equity $650k
TermSheet(2013, Chennai)
Online platform to book for seed round investment process servicesEquity $165K
FundMyVenture(2016, Bangalore)
Equity crowdfunding investment platformEquity
1Crowd(2015, Mumbai)
Equity crowd funding platformEquity
Cryptocurrency << Go to BM List >> Miscellaneous
Fintech India Report – October 2016231
Crowdfunding (5/8)Company Overview Business Model Total Funding
Zen Equiti Solutions (2015, Jaipur)
Crowdfunding platform for startupsEquity
InvestorsCart(2015, Mumbai)
Equity based crowdfunding platformEquity
Tracxn Syndicate(2015, Bangalore)
Investment platform that helps startups raise capital from accredited angels Equity
SharesVault(2010, Ahmedabad)
Platform for private market investmentsEquity
Applyifi(2014, Delhi)
Platform for startups to raise funding and pitch deck preparation services provider Equity
Wealthbook(2014, Bangalore)
Online platform connecting Investors and Fund seekersEquity
Seedx(2014, Bangalore)
Online platform connecting startups and investorsEquity
Beehives(2014, Hyderabad)
Crowdfunding platform that enables startups to raise seed funding from accredited Investors Equity
Cryptocurrency << Go to BM List >> Miscellaneous
Fintech India Report – October 2016232
Crowdfunding (6/8)Company Overview Business Model Total Funding
Enablers(2014, Delhi)
Web platform connecting startups/SMEs with HNWIs, angels & VCsEquity
Equity Crest(2014, Mumbai)
Multi-investor funding platform for early-stage startupsEquity
PrivateCircle(2014, Bangalore)
Web-based funding platform connecting companies & investorsEquity
Moneybulb(2013, Mumbai)
Online crowd-funding platform connecting entrepreneurs and investorsEquity
RaiseFundz(2013, Mumbai)
Equity based crowdfunding platform for IndiaEquity
Venture Giant(2009, Hyderabad)
Indian business angel investment network connecting entrepreneurs & investors Equity
Fundmypitch(2012, Bangalore)
Crowdfunding platform for verified investors to fund in startupsEquity
Mutual Farm(2015, Kochi)
Online portal which connects investors and small farmersFarms
Cryptocurrency << Go to BM List >> Miscellaneous
Fintech India Report – October 2016233
Crowdfunding (7/8)Company Overview Business Model Total Funding
Wishberry(2012, Mumbai)
Online Crowdfunding PlatformLetsVenture Rewards $650k
VynVyn(2015, Bangalore)
Incentive based donation platform for charitable causesRewards
Ishva(2014, Delhi)
Rewards based crowdfunding platformRewards
Catapooolt(2012, Mumbai)
Crowdfunding and crowd engagement platform for movies, music and other creative venturesVentureNursery, Calcutta Angels
Rewards
FundSocial(2014, Pune)
Online platform to create and fund social projectsRewards
DreamWallets(2015, Jaipur)
Reward based crowdfunding platformRewards
Start51.com(2013, Ahmedabad)
Crowd Funding Platform In IndiaRewards
Fundlined(2013, Panaji)
Online crowdfunding platformRewards
Cryptocurrency << Go to BM List >> Miscellaneous
Fintech India Report – October 2016234
Crowdfunding (8/8)Company Overview Business Model Total Funding
Jack of all Threads(2012, Bangalore)
Online platform to create and sell apparel through crowd-funding campaignsMorpheus Gang
Rewards > Designers
Cryptocurrency << Go to BM List >> Miscellaneous
Fintech India Report – October 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Consumer Fintech Evolution
Interesting Companies
Useful Links
Company List
Team
235
Fintech India Report – October 2016236
Team
236
Prasanna Munot,
Analyst, Fintech India