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The FinTech20: India

Ezetap Ezetap enables merchants to accept payments from any mobile wallet through their Ezetap mobile pointof-sale application. In March, Ezetap partnered with mobile Freecharge, which has over 15 million registered users for its Freecharge wallet.

If we wanted to coin a collective noun for Indian FinTech, it might well be a Magnificence. Innovation is abundant across India, and in selecting this list our panel looked at over 350 companies. Their inaugural 20 features a mix of emerging stars as well as those who might be considered members of India’s own FinTech Hall of Fame.

Bank Bazaar


BankBazaar’s neutral online marketplace allows users to search for, compare and apply for loans, credit cards and insurance products. BankBazaar generated a funding of $60m in its C-Series funding in July 2015, and announced its international expansion with a move into Singapore in February 2016.

ftcash enables offline transactions by aggregating all payment gateways including credit cards, debit cards and mobile wallets under one channel. Founded by former CFO of Deutsche Bank India, ftcash was judged the winner at Paypal’s Start Tank Competition and Village Capital’s FinTech 2015 India Program.

BetterPlace Safety Solutions Founded in January 2015, and with a recent investment by a former Google India head, BetterPlace offers services such as personal, employment, educational, criminal and training verification services using data analytics and application tools.

CitrusPay The payment gateway company has over 15 million users. In March 2016, it announced a tie-up with Facebook for cards and net banking transactions.

Coverfox Online insurance portal helping users to search, buy, compare and understand insurance.

Juspay Juspay aggregates services across net banking, wallets and cards and offers payments technology solutions to merchants. Clients incude Amazon India and Snapdeal. The Bengalurubased mobile payments startup secured a $5.8m Series A funding from Accel Partners in February.

Ketto Ketto is a social network for NGO/ social enterprises in India, serving as a platform for companies to raise funds, recruit volunteers, and build partnerships domestically and internationally.



With 70,000 investors on their platform, FundsIndia is India’s first online platform created specifically for mutual fund investing. Founded in 2009, it believes that every family needs a retirement portfolio, and that most need to save for higher education needs and medium-term goals like buying a house.

Milaap, which means ‘connecting people’ in Hindi & Urdu, is India’s largest funding platform for social and personal causes. It has shifted its HQ to Singapore, but its operations remain firmly focused on India.

Get Fiscal

Founded in 2013, Paynear is a complete payment solution provider, enabling individuals & businesses of all sizes to easily manage their payment activities.

Get Fiscal is an invoice and cashflow management platform for small businesses that enables timely working capital loans by connecting to strategic lender partners.

IndiaLends A digital lending marketplace connecting borrowers and lenders to facilitate an instant loan transaction.


Razorpay Bengaluru-based Razorpay’s payment gateway features an easy to use API, quick integration and simple pricing. Founded in 2013, it raised $9.8m in Series A funding last year.

RedCarpet Mobile Wallet with a unique growth strategy around loyalty and coupons.

Scripbox Four-year old Scripbox provides an algorithmic decision based on quantitative data about which mutual funds to buy. Last year, it raised $2.5m Series A funding from Accel Partners and angel investors.

TradersCockpit The smart trading and investing portal is ranked India’s #1 in this field with over 50,000 registered users.

Unocoin Founded in 2013, Unocoin is India’s first and largest platform for simple, secure and seamless trading/ exchange of bitcoins.



With 128 million registered users, Paytm is the consumer brand of India’s leading mobile internet company One97 Communications. India’s largest mobile commerce platform anticipates 500m users in the next five years.

Founded by Anshulika Dubey and Priyanka Agarwal, Mumbai-based Wishberry is a rewards-based crowdfunding platform that enables users to raise funds for their creative and innovative ideas.



Meet our 2016 selection panels The 44 industry experts we invited to select this year’s FinTech50, FinTech20 Hong Kong and FinTech20 India Mariano Belinky Santander InnoVentures Abdul Guefor Intel Capital Oliver Bussmann UBS

Patrick Mang HSBC Albert Cheng Eight Roads Ventures

Chris Wilson RBS

Jan Hammer Index Ventures Eileen Burbidge Passion Capital

Travers ClarkeWalker Fiserv

Santiago Tenorio American Express

Nadeem Syed Misys Adrian Seto Accenture

Chris Skinner The Financial Services Club

Menno Van Leeuwen ABN AMRO

Eddie Harding ICON Corporate Finance

Dave Birch Consult Hyperion

Rob Moffat Balderton Capital

Connie Leung Microsoft Michael Treskow Accel Partners

Christian Erlandson Dun & Bradstreet

Don Ginsel Holland FinTech

Melissa Guzy Arbor Ventures

Fearghus Barkley FinTech50 Research Conny Dorrestijn Shiraz Partners

Pierre Suhrcke Acorus Capital

Laurent Nizri Alteir Consulting

Sven Korschinowski KPMG

Navin Honagudi Kae Capital

Priscilla Law InvestHK

Alex McCracken Silicon Valley Bank

Nasir Zubairi Influencer

Michael Leung China CITIC Bank International

Julie Lake The FinTech50 & FinTechCity

Alex Batlin UBS

Nicky Cotter The FinTech50 & ICON Corporate Finance

Herman Lam Cyberport

Mark Whitcroft Illuminate Financial

Roy Vella V2 Ltd

Nadia Crandall Harvard Business School Alumni Angels London

Chipper Boulas Firestartr

Claudia Bate Bell Pottinger

James Savage Hendale Capital

Ivan Yip UKTi HK

Phil Zamani Influencer

Shaloo Kulkarni Syntheo

Anju Patwardhan Standard Chartered

Himanshu Vyas CISeed

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The FinTech50 VIP reception hosts

The Fintech20 india  

If we wanted to coin a collective noun for Indian FinTech, it might well be a Magnificence. Innovation is abundant across India, and in sele...

The Fintech20 india  

If we wanted to coin a collective noun for Indian FinTech, it might well be a Magnificence. Innovation is abundant across India, and in sele...