Top 10 Best Fintech Companies In India 2022

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In India, over 67 per cent of the 2100 FinTech companies were started within the last five years, according to the report. However, the FinTech revolution was accelerated by shifting the economy from electronic to digital. This accelerated digitalization across numerous categories could be attributed to the COVID-19 pandemic, which encouraged contactless and cashless payments to discourage social interaction. Further, the implementation of the GST and demonetization initiatives by the government provided ample opportunity for the development of fintech companies. Chaos and frenzy in the general public followed the demonetization process.

Fintech has been proving its value in the face of the Covid-19coronavirus pandemic, even as some of its iterations suffer. Though the Capital One cafes were temporarily closed during lockdowns, banks and credit unions across the U.S. were able to transact—and offer Covid-19 support and services—digitally. You deposited your paycheck by snapping a photo on your smartphone and uploading it using your bank’s mobile app. When it was time to head home, you hopped in an Uber and paid for the ride with a stored credit card—or even in Bitcoin. But when analyzing the data — including revenue, number of customers and customer growth, partnerships, and equity funding — most of these better-established fintech leaders remain on top. CB Insights has unveiled the winners of the fifth annual Fintech 250 — a list of the 250 most promising private fintech companies worldwide.

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Consider Mercado Pago as an early-stage PayPal (remember when it was a part of eBay? ), which is beginning to blossom into an incredible firm in its own right. Goldman is expanding its consumer business in a highly fintech manner, with no expensive branch network to worry about and a tech-centric approach to optimizing efficiency and consumer value. Moreover, unlike most other fintech, Goldman’s big investment banking division tends to do better in volatile markets, making its stock less cyclical. Ultimately, the answer to the question of how fintech affects your life is a case-by-case matter. The financial services sector isn’t typically synonymous with nimbleness.

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Malaysia has been able to purchase Pine Labs’ entire product line since 2017. Established in 1998 by Lokvir Kapoor, Rajul Garg, and Tarun Upaday, the company is headquartered in Bangalore, India. Investing in Tech Stocks This vast sector is composed of some of the most valuable companies in the world.

In light of these factors, it will not be easy for the nation to overcome its financial challenges. Finance and banking in India will undergo fundamental shifts due to Fintech’s ability and power. Over the past year, million Indians have joined the digital revolution, and digital payment methods have become the norm. A combination of demonetization and the Covid-19 pandemic was responsible for this shift.

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Yet, with only 5.2 million customers, SoFi still has massive opportunities left to grow. The company has a market cap of over $104 billion and reported a revenue of more than $9.5 billion in December 2020. The shares of the financial service firm have been on the rise since Keefe, Bruyette & Woods, an investment banking firm, upgraded the stock of the company in late March to Outperform from Market Perform. Sanjay Sakhrani, a KBW analyst, said that the company offered a huge opportunity to drive incremental growth and increase engagement.

Lendingkart Technologies Private Limited has created technological solutions based on extensive data analysis to help lenders assess borrowers’ creditworthiness and deliver other services. Customers can invest in equities, mutual funds, fixed deposits, and bonds listed in India and the United States. Customers may also buy cryptocurrencies with their reward points earned on the app. Payouts automate bulk payments to any bank account, UPI, or Wallet using their APIs, including automatic reconciliation of unsuccessful transfers. When Razorpay secured $100 million in Series D funding from GIC, Sequoia Capital, and a few other investors in October 2020, it became a Unicorn.

Top 10 Best Fintech Companies In India 2022

It does so through a proprietary cloud application that allows seamless integration into bank tech. However, there’s still even more room for Paypal stock to grow as the platform brings in more customers. Wall Street expects sales to improve by 11% this year and next, driving last year’s per-share bottom line of $11.85 to $13.83 this year en route to $15.59 per share next year. You can’t ask for much better than that from a software company of Intuit’s size and age. use fintech for back-end processes—behind-the-scenes monitoring of account activity, for instance—and consumer-facing solutions, like the app you use to check your account balance. Individuals use fintech to access many bank services, including paying for purchases with a smartphone and receiving investing advice on their home computers. Fintech Revoult, a digital financial services company, has collaborated with Koinly, a cryptocurrency tax solution platform, to enable users to create cryptocurrency tax reports, added Cointelegraph. It is believed that Revoult users can link their cryptocurrency transaction records with Koinly to boost their tax calculations. There are few growth trends more exciting and more potentially transformative than financial technology, or fintech for short. In this article we’ll discuss what financial technology is, how it is applied, and where we see fintech going in the future, and we’ll tell you about some of the fintech stocks you should put on your radar.


Fintech is transforming the financial industry from the inside out, and there will be lots of winners and losers. Before you invest, know these basic guidelines for this growing industry. While it continues to generate the bulk of its sales from its hardware business, the tech giant has been looking to grow its services segment for years. Apple will now offer a high-yield savings account to Apple Card holders. This means there’s a huge market for both B2B and B2C fintech products.

The understanding illiquidity in real estate investing recently announced that it would expand the Opendoor Finance App to three more states in the US. The Opendoor Finance App, available only in California, will now launch in Georgia, Arizona, and Texas, promising consumers pre-approval letters in 60 seconds or less. Now is a great time to add these fintech stocks to your portfolio before they get too expensive. Additionally, many consumers today prefer to manage their bank accounts online or via a mobile app instead of going to a bank in person. It began as a way for small businesses to accept credit card payments without having to buy expensive point of sale systems.

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Most bitcoin and blockchain initiatives strive to solve the same issues as conventional fintech companies. In addition, the tremendous influx of wealth into cryptocurrencies finances fintech innovation. Personal finance expert and New York Times bestselling author Suze Orman said while she understands that investors are jittery because of inflation, investing in stocks for long-term goals «remains a…

This size and age have worked against the stock since the middle of 2021. That’s when the tailwind created by the COVID-19 pandemic started winding down. That’s also when investors renewed their interest in cryptocurrencies and alternative digital payment services. The world often thinks it wants «something new» without considering the possibility that older solutions are often still the best solutions.

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As you learn about the stock market, you’ll establish a tolerance for your investments. Do you prefer stocks that are safe and consistent, or do you like to take risks? Fintech companies tend to fall more on the risk-taking end of the spectrum.

  • Lendingkart Finance Limited, unlike other NBFCs, does not assess a potential client’s credit risk profile based on the vendor’s historical records.
  • The Fin-tech segment represents one of the fastest-growing technology segments in India, offering loan applications, payments, stock trading, and credit scoring.
  • Various industries are now part of the Fintech sector, including education, retail banking, non-profit fundraising, investment management, and many others.
  • According to the company’s 2021 shareholder letter, Visa expanded its reach to over 80 million merchants in the fiscal year 2021, a 14% rise.
  • Quickbooks Online boasts only a few million customers as well, and only around 30 million users reportedly rely on the installed version of the software.
  • Jupiter, a neo bank, was started by Jitendra Gupta, who co-founded CitrusPay and served as managing director of PayU.

The company also has a logistics platform and a lending business , both of which have gained serious traction in recent years. Mercado Credito is especially interesting, with 146% year-over-year growth in the most recent quarter. Most investors are familiar with the term «IPO,» which stands for initial public offering. An IPO is the first time a company issues stock to the public, an event that is sometimes termed «going… It’s common in the financial industry for larger companies to acquire smaller companies. Small and midsize companies also merge to form larger entities in an effort to be more competitive in the market.

FinTech companies are technological alternatives to traditional financial companies’ back-end systems of the 21st century. Many industries and sectors are included in FinTech, including education, retail banking, non-profit fundraising, investment administration, and others. Investing in fintech stocks isn’t for investors with low tolerance for volatility and risk. Like any new and exciting industry, fintech is likely to be a bit of a roller-coaster ride as the industry matures. This is especially true in rough economic times, as we’ve seen over the past year or so. The financial sector is ripe for upheaval, and there is a strong possibility that some of the best-performing stocks over the next decade will be fintech stocks.

As digital data becomes orders of magnitude more extensive and integral to day-to-day life, so, too, do large-scale security snafus. Recent hacks, including high-profile bitcoin heists, have brought these risks to public consciousness. A fintech unit of Axiata Group Bhd., Malaysia’s biggest wireless firm by revenue, is weighing raising $50 million to $100 million in a new funding round, according to people with knowledge of the matter. It might seem as if society has become fairly cashless over the past decade or so, and it’s not surprising that many investors (especially in the U.S.) feel this way.

As the world moves away from cash and towards digital payments, there are plenty of opportunities for these stocks to grow even more. As financial technology improves, consumers are paying in cash far less often. Square is one of the buzziest fintech stocks on the stock market right now. We’ve rounded up some of the top fintech stocks on the market right now to add to your investment portfolio. Many domestic small businesses are also able to use TurboTax to handle their taxes but may not be using the option yet. Quickbooks Online boasts only a few million customers as well, and only around 30 million users reportedly rely on the installed version of the software.


Sumit Gupta and Neeraj Khandelwal created CoinDCX in 2018 to bring more Indians into the crypto sector. WazirX says that over 7.3 million users have registered on the platform, with a 2648 per cent increase in sign-ups from Tier-II and Tier-III towns in India. Fampay’s goal is to teach financial literacy to teens to make better financial decisions later in life. Jupiter, a neo bank, was started by Jitendra Gupta, who co-founded CitrusPay and served as managing director of PayU. Nityanand Sharma and Chaitra Chidanand established Simpl, a prominent purchase now pay later platform, in 2015. According to an article in the Economic Times, the company doubled its revenues to Rs 42 crore in FY 2020 and expanded its loan book by 80% to Rs 2,400 crore.

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The Fintech 250 is CB Insights’ annual list of the 250 most promising private fintech companies in the world. This year’s winners are shaping the future of B2B and B2C financial services, from payments and banking to investing and insurance. Several fintech companies exist in India, including payments, lending, insurance, personal finance management, and investment platforms. In India, 2000+ Fintech startups exist, with Payments being the most popular. Because we all need to pay bills, process invoices, and online process orders, regardless of our age, gender, or job. Intuit, a tax and accounting software developer, is on the list of the best fintech stocks to purchase in 2022 due to its existing client base and ambitious growth.

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