5 Fintech Companies Changing The World

As we all know 21st century is the informative age. Technology is disrupting all the big sectors including finance too.

Now a days, from bank transfer, to loans, each financial function uses technology at optimum.

So in this post we will see the top 5 Fintech companies of India changing the face of finance.

5 Fintech companies Of India:

1) Paytm:

Parent Company: One97 Communications

Headquarters: Noida

Founding year: 2010

Founder: Vijay Shekhar Sharma

Area of operations: E-commerce, payment banks, and payments (wallet)

Total funding raised till date: More than $728 million

Key investors: ANT Financial, SAIF Partners, Intel Capital

Funding raised (as of 2015–16): $700 million

2) Freecharge:

Parent company: Snapdeal (acquired on April 8, 2015)

Headquarters: Mumbai

Founding year: 2010

Founder: Kunal Shah and Sandeep Tandon

Area of operations: Mobile payments (wallet), recharges

Total funding raised till date: $120 million

Key investors: Hong Kong based fund Tybourne Capital Management, SF-based fund Valiant Capital Management, Sequoia Capital, along with Sofina and RuNet.

Funding raised (as of 2015–16): $80 million

3) Mobikwik:

Parent Company: One MobiKwik Payments Systems Pvt. Ltd.

Headquarters: Gurgaon

Founding year: 2009

Founder: Upasana Taku and Bipin Preet Singh

Area of operations: Mobile payments (wallet)

Total funding raised till date: $85 million

Key investors: Japan’s payment gateway GMO; Taiwan-based semiconductor company MediaTek, Cisco Investments, American Express, Sequoia, and Tree Line Asia.

Funding raised (as of 2015–16): $75 million

Funding highlights (as of 2015–16)

April 2015 — Series B

In April 2015, Mobiwik again raised over $25 million in multiple series B funding.

January 2016 — Series C

In January 2016, Mobikwik has raised $50 million in Series C funding.

4) BankBazaar:

Parent company: A & A Dukaan Financial Services Pvt. Ltd.

Headquarters: Chennai

Founding year: 2008

Founder: Rati Rajkumar, Adhil Shetty and Arjun Shetty

Area of operations: Online marketplace for loans and insurance products

Total funding raised till date: $80 million

Key investors: Amazon India, Fidelity Growth Partners, Mousse Partners

Funding raised (as of 2015—16): $60 million

Funding highlights (as of 2015—16)

July 2015 — Series C

In Series C funding, bankbazaar raised $60 million i.e INR 375 crores from fidelity growth partners and mousse partners.

5) CapitaWorld:

Headquarters: Ahmedabad

Founding year: 2015

Founder: Jinand shah, Aviruk Chakraborty, Vinod Modha

Area of operations: Online marketplace for loans and insurance products

CapitaWorld is a unique fund raising platform, which is created as a one stop solution for the financial requirements of not only Fund Seekers (Individual/Businessman), but also for Fund Providers (Banks/NBFC’s/Other High Net Worth Individuals and Groups) and Service Providers (CA/CFA/CFP/Investment Bankers and other finance professionals).