About FinTech sector in India
The FinTech sector in India comprises 16.5K companies, including 2.89K funded companies having collectively raised $51.1B in venture capital money and private equity. Out of these, 815 are Series A+ funded, and 30 have achieved unicorn status.
FinTech sector in India has seen 306 acquisitions and 76 IPOs.
This sector includes companies offering tech-enabled financial services and IT infrastructure and software for offering and managing financial services.
FinTech sector is also known as BFSI Tech.
Companies included in FinTech
Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc.Companies excluded in FinTech
Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc.Top FinTech Companies in India
There are more than 16.5K companies in FinTech in India. Groww is the top FinTech company in India, ranked using Tracxn Score (what's this?).
Here are 5 of the top FinTech companies in India:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of an online platform for investments and trading services | Bengaluru (India) | 2016 | Public | $596M | |
Digital payment platform offering financial services, recharges and more | Noida (India) | 2000 | Public | $3.16B | |
Provider of digital payment, financial, and technology solutions for consumers | Bengaluru (India) | 2015 | Acquired | $1.01B | |
Provider of payment and business banking solutions for enterprises | Bengaluru (India) | 2014 | Series F | $742M | |
Provider of car, bike, health, life, and travel insurance policies | Bengaluru (India) | 2016 | Series E | $598M |
Companies founded year-on-year in the FinTech sector in India
12 new startups have been founded so far in 2026 in the FinTech sector in India. 1,954 FinTech startups in India were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 12 |
2025 | 256 |
2024 | 831 |
2023 | 1,133 |
2022 | 1,211 |
2021 | 1,954 |
2020 | 1,630 |
2019 | 1,189 |
2018 | 1,071 |
2017 | 1,063 |
Stage-wise distribution of FinTech sector companies in India
Out of the total 16,461 FinTech companies in India, 2,891 have secured funding. Among them, 815 have reached Series A or higher, and 570 to Series B or beyond.
Founded - 16,461
Funded - 2,891
Series A+ - 815
Series B+ - 570
Series C+ - 471
Company Stage | No. of companies |
|---|---|
Founded | 16,461 |
Funded | 2,891 |
Series A+ | 815 |
Series B+ | 570 |
Series C+ | 471 |
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Funding Trends in the FinTech sector in India
Total funding year-on-year in the FinTech sector in India
The FinTech sector in India saw a total funding of more than $44.9B in the last 10 years. The most amount of funding was in 2021 at more than $8.45B. There has been a total funding of $829M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $829M |
2025 | $3.63B |
2024 | $3.55B |
2023 | $4.01B |
2022 | $6.18B |
2021 | $8.45B |
2020 | $2.78B |
2019 | $5.8B |
2018 | $6.22B |
2017 | $3.49B |
Recent Funding Rounds in FinTech in India
In the year 2026, till April 2026, FinTech companies in India have raised $757M in equity funding across 52 rounds.
In the same period last year (i.e. till April 2025), FinTech companies in India had raised $664M across 122 rounds.
So, 2026 has seen a 13.93% rise in funding in FinTech companies in India as compared to 2025.
Here are some recent, important funding rounds in FinTech companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 4179 | Apr 24, 2026 | ||
Seed | 9679 | Apr 08, 2026 | - | |
Series E | 9679 | Apr 08, 2026 | and 6 more | |
Seed | 5651 | Apr 08, 2026 | ||
Seed | 1236 | Apr 06, 2026 |
Top Investors in FinTech in India
Accel is the top investor in FinTech companies in India based on number of companies invested.
Here are some top investors in FinTech companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Palo Alto (United States) | ||
Menlo Park (United States) | ||
Cambridge (United States) | ||
Bengaluru (India) | ||
Redwood City (United States) |
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M&A activity in FinTech sector in India
In the year 2026, till March 2026, 2 acquisitions happened in FinTech sector in India. Last year, in 2025, a total of 26 acquisitions happened in FinTech sector in India.
Here are some recent, important acquisitions in FinTech sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 18, 2026 | ||
Business Acquisition | Feb 11, 2026 | ||
Business Acquisition | Dec 22, 2025 | ||
Business Acquisition | Nov 27, 2025 | ||
Business Acquisition | Nov 19, 2025 |
Acquisition trends in FinTech sector in India
Here are the acquisition trends in FinTech sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 2 |
2025 | 26 |
2024 | 28 |
2023 | 38 |
2022 | 43 |
2021 | 38 |
2020 | 12 |
2019 | 22 |
2018 | 33 |
2017 | 21 |
IPOs in FinTech in India
In the year 2025, till November 2025, 4 IPOs happened in FinTech sector in India.
Here are some recent, important IPOs in FinTech sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Nov 14, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Nov 13, 2025 | National Stock Exchange (NSE) | |
Nov 12, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Sep 30, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Dec 18, 2024 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) |
Colleges which produce the most FinTech companies in India
Companies founded by alumni from top colleges in the FinTech in India
Most number of FinTech startups in India have been founded by alumni from IIT Delhi, IIT Bombay and BITS Pilani.
College | No. of companies |
|---|---|
IIT Delhi | 188 |
IIT Bombay | 168 |
BITS Pilani | 157 |
Indian School of Business | 134 |
IIM Ahmedabad | 127 |
IIT Kanpur | 127 |
IIM Calcutta | 115 |
IIT Kharagpur | 107 |
IIM Bangalore | 106 |
IIT Madras | 89 |
Total funding in FinTech companies founded by alumni from top colleges in India
In the last 10 years, IIT Delhi graduates' FinTech companies in India have raised the most funding among top colleges. Indian School of Business alumni are second, and IIT Bombay alumni are third.
College | Total Funding |
|---|---|
IIT Delhi | $5B |
Indian School of Business | $4.19B |
IIT Bombay | $4.11B |
IIM Ahmedabad | $3.21B |
BITS Pilani | $2.04B |
IIM Bangalore | $1.95B |
IIT Kharagpur | $1.88B |
Stanford University | $1.56B |
IIM Calcutta | $1.51B |
IIT Roorkee | $1.44B |
Top News in FinTech in India
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KFin Building Infrastructure for India’s Next Two Decades of Capital Market GrowthExpress Computer•Apr 10, 2026•KFin Technologies
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Navi UPI Becomes Official Payments Partner of Royal Challengers BengaluruBusiness News This Week•Mar 26, 2026•RCB, Navi
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Business Zopper Launches ZENOVA, India’s First Agentic Bancassurance Operating LayerOnline Media Cafe•Mar 26, 2026•Zopper
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