We had covered the List of Payment Gateways available in India about 5 years ago. Our readers have commended the good job that we have done in providing coverage about the FinTech Startups in IndiaThey requested a list of all the companies operating in the FinTech vertical that pass our Ethical & Technology adoption parameters and here is the refined list.
LendingKart – Focused on Unaddressed demand for SME lending. We were excited by their usage of Artificial intelligence and machine learning driven underwriting.
BankBazaar – Platform offers bouquet of Loans (Personal, Car & 2 Wheeler, Home), Credit Cards from various Banks & Financial Institutions. Free Credit Score made available and applications for their products is in Digital mode.
FlexiLoans – Offers unsecured business loans to SMES who want to meet their working capital requirements for tenures of less than one year. Average Loan Ticket Size RS 10 Lakh.
CreditPeriod Specializes in supply chain funding for SMEs. Finances the procurement of goods on credit while ensures timely payment to sellers. Now a subsidiary of EpiMoney.
OfBusiness Focus is on under-served SMEs. Average turnover of the target customer is ~Rs250 mn. Clients must have established Credit History as unbanked customer segment is risky in the firm’s framework.
ZestMOney Inspired by the Digital Lending space, ZestMoney targets these customers for EMI-based loans through retailers to under served customers.
Wishfin Digital Financial Marketplace riding on the millennial spending boom. Good advice and transparency to the consumer, apart from reducing the information asymmetry about financial products.
PayU – LazyPay PayU is a B2B payment platform relationship with ecommerce (Amazon, Flipkart), travel (Goibibo) and other digital merchants. It lends via the LazyPay.
We will continuously update this List. Should you require your company to be added on this list, please Write to us here.