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Page 1: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur
Page 2: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 2016

TracxnWorld’s Largest Startup Research Platform

2

Page 3: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 20163

Contents

Topic Page No.

Scope of Report 04

Entrepreneur Activity 06

Investment Trend 10

Who is Investing 18

Exit Outlook - IPO, Acquisitions 22

Sub Sector Analysis 24

Consumer Fintech Evolution 45

Interesting Companies 48

Useful Links 66

Company List 68

Team 236

Page 4: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 20164

Sector Overview

Scope of report

This report includes all Indian companies under the following Fintech subsectors:

• Payments - Tools which help in the process of payments such as gateways, processors, PoS payment processors, cards, etc.

• Mobile Payments - Mobile based payment tools and solutions such as MPoS, wallets, payment aggregators, etc.

• Investment Tech - Public and private market investing-based solutions such as trading platforms, wealth management tools,etc. Excludes traditional trading tip providers and brokers.

• Insurance Tech - Platforms which help insurance companies by providing risk management tools, distribution platforms, etc.

• Banking Tech - Enabler of banking services via tech solutions, distribution platforms, backend solution providers, etc.Excludes companies that offer services to financial institutions.

• Lending - Platforms that help financial institutions with credit scoring and lead generation. Also includes loan comparisonplatforms, peer to peer lending platforms and digital balance sheet lenders.

• Consumer Finance - Tools that help consumers in personal finance management, expense splitting, tax filing etc. Excludestraditional platforms that offer offline finance management advisory services.

• Enterprise Finance - Includes accounting, compliance and taxation tools for enterprises.

• Cryptocurrency - Virtual currencies built on blockchain.

• Crowdfunding - Platforms which help people raise money by donations, rewards or equity.

The report includes all the transactions that have happened in this space till 12th October 2016.

The scope of this report includes equity, debt as well as post IPO rounds of funding received by the companies.

Page 5: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Consumer Fintech Evolution

Interesting Companies

Useful Links

Company List

Team

5

Page 6: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 2016

60 65

108125

192

374

137

0

80

160

240

320

400

2010 2011 2012 2013 2014 2015 2016

Nu

mb

er o

f C

om

pan

ies

6

YoY – Number of companies founded

Paytm Ezetap MyUniverse Capital Float Lendingkart

EarlySalary

InCred

FreeCharge Citrus Pay Cloud Lending Faircent Razorpay LoanTap

CoinTribe

Page 7: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 20167

Large Upcoming Sectors

No. of Companies Founded

Average Age

No. of Companies Funded

Business ModelTotal

FundingExample

75 Sep-2014 23 Lending > Consumer Loans $24MFaircent

2013, Gurgaon

41 Sep-2014 10 Lending > Commercial Loans $131MNeoGrowth

2010, Mumbai

51 Aug-2014 8 Mobile Payments > Money Transfer $9MChillr

2014, Mumbai

22 Jul-2013 3 Cryptocurrency $4MUnocoin

2013, Bangalore

48 Feb-2014 10Investment Tech > Public Market Investing > Robo Advisor

$33MFundsIndia

2009, Chennai

159 May-2013 16 Consumer Finance $37MCleartax

2010, Delhi

Page 8: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 20168

Niche Upcoming Sectors

No. of Companies Founded

Average Age

No. of Companies Funded

Business ModelTotal

FundingExample

19 Aug-2014 11Lending > Consumer Loans > Purchase Loans

$10MFlexmoney

2016, Mumbai

7 Aug-2014 2Lending > Consumer Loans > Personal Loans > B2C Marketplace

$1MIndiaLends2014, Delhi

3 Aug-2014 2Lending > Commercial Loans > Direct Lender

$41MCapital Float

2013, Bangalore

3 Aug-2014 1Lending > Commercial Loans > Working Capital > Direct Lenders

$43MLendingkart

2014, Ahmedabad

5 Jul-2014 2Investment Tech > Public Market Investing > Trading Platform > Thematic Investing

UndisclosedSmallcase

2015, Bangalore

19 May-2014 5Lending > Consumer Loans > Personal Loans > P2P Marketplace

$8MFaircent

2013, Gurgaon

7 Aug-2013 4Lending > Consumer Loans > Purchase Loans > EMI based

$5MONEMi

2011, Chennai

Page 9: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 20169

Niche Upcoming Sectors

No. of Companies Founded

Average Age

No. of Companies Funded

Business ModelTotal

FundingExample

5 May-2015 1Lending > Consumer Loans > Student Loans

UndisclosedMeritlane

2015, Chennai

3 Apr-2015 2Lending > Consumer Loans > Purchase Loans > Buy Now Pay Later

$2MePayLater

2016, Mumbai

7 Jan-2015 5Lending > Consumer Loans > Purchase Loans > Students

$3MKrazyBee

2016, Bangalore

8 Nov-2014 2Lending > Commercial Loans > Working Capital > Alternate Financing > Discounting

$750KKredx

2015, Bangalore

7 Nov-2014 2 Lending > Enabler > Credit Rating $2MCreditVidya

2012, Mumbai

17 Sep-2014 3Lending > Commercial Loans > B2C Marketplace

UndisclosedUdyogCredit

2016, Mumbai

6 Sep-2014 1Lending > Consumer Loans > Payday Loans

$2MEarlySalary2015, Pune

Page 10: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Consumer Fintech Evolution

Interesting Companies

Useful Links

Company List

Team

10

Page 11: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201611

YoY – Number of Rounds and Total Funding

Note: The funding includes debt and post IPO rounds also.

$58M $62M$13M

$110M$77M

$127M

$201M

$1.4B

$512M

7 7 9

20

29

32

45

8083

0

18

36

54

72

90

0

320

640

960

1280

1600

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

er of R

ou

nd

sFu

nd

ing

Am

ou

nt

(in

Mill

ion

s)

Funding Amount Number of Rounds

Page 12: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201612

YoY – Number of Rounds by Stage

9

19 19

27

4451

7

710

13

22

20

4

22

4

12

7

0

18

36

54

72

90

2011 2012 2013 2014 2015 2016

Nu

mb

er o

f R

ou

nd

s

Seed Early Late

Page 13: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201613

YoY – Funding by Stage

$1M $4M $4M $13M $24M $27M$29M $26M $59M $83M$135M $116M$80M $48M

$63M

$105M

$1.2B

$252M

0

320

640

960

1280

1600

2011 2012 2013 2014 2015 2016

Tota

l Fu

nd

ing

Am

ou

nt

(in

Mill

ion

s)

Seed Early Late

Page 14: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201614

Average Ticket Size – Early Stage

$0.2M $0.3M $0.2M$0.6M

$1.0M $0.8M

$4.2M

$3.2M $3.2M $3.3M

$5.4M

$4.2M

$6.2M $6.5M

$9.3M

$11.7M

$12.4M

$15.4M

0.0

3.6

7.2

10.8

14.4

18.0

2011 2012 2013 2014 2015 2016

Fun

din

g A

mo

un

t (i

n M

illio

ns)

Seed Series A Series B

Page 15: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201615

Top investments in last one year

CompanyFunding Amount

Round Name

Date Investors

incred.comInCred

(Mumbai, 2016)$74M PE Aug-2016 IDFC, Alpha Capital

paytm.comPaytm

(Noida, 2010)$60M Series F Aug-2016 MediaTek

mobikwik.comMobiKwik

(Gurgaon, 2009)$50M Series C May-2016 MediaTek, Sequoia Capital, Tree Line Investment Management, GMO Venture Partners

paytm.comPaytm

(Noida, 2010)$45M Debt Mar-2016 ICICI Bank

mobikwik.comMobiKwik

(Gurgaon, 2009)$40M Series C Aug-2016 NET1

finopaytech.comFINO PayTech

(Mumbai, 2006)$38M PE Jul-2016 Bharat Petroleum

neogrowth.inNeoGrowth

(Mumbai, 2010)$35M Series D Jul-2016

Omidyar Network, Khosla Impact, India Infoline Asset Management, AspadaInvestments

capitalfloat.comCapital Float

(Bangalore, 2013)$25M Series B Apr-2016 Creation Investments, SAIF Partners, Sequoia Capital, Aspada Investments

Page 16: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201616

Top investments in last one year

CompanyFunding Amount

Round Name

Date Investors

citruspay.comCitrus Pay

(Mumbai, 2011)$25M Series C Oct-2015 Ascent Capital, Sequoia Capital, Econtext Asia, Beenos

lendingkart.comLendingkart

(Ahmedabad, 2014)$20M Series B Jun-2016 Bertelsmann India Investments, Mayfield, Saama Capital, India Quotient

deal4loans.comDeal4loans

(Delhi, 2007)$15M Series A Jul-2016 Franklin Templeton Investments

transerv.co.inTranserv

(Mumbai, 2011)$15M Series C Apr-2016 Nirvana Ventures Advisors, Faering Capital, Micromax Informatics, IDFC Mutual Fund

cleartax.inCleartax

(Delhi, 2010)$12M Series A Jun-2016 SAIF Partners

lendingkart.comLendingkart

(Ahmedabad, 2014)$12M Debt Jun-2016 Bertelsmann India Investments, Mayfield, India Quotient, Saama Capital

qwikcilver.comQwikCilver

(Bangalore, 2008)$10M Series B Jul-2016 Sistema, Amazon India, Accel Partners, Helion Venture Partners

razorpay.comRazorpay

(Bangalore, 2014)$9M Series A Oct-2015 Tiger Global Management, Matrix Partners India

Page 17: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201617

Funnel view of Sector

Percent of Previous

18%

47%

38%

38

25

41

107

230

1268

0 280 560 840 1120 1400

M&A & IPO

Late

Series B

Series A

Funded

Founded

Number of Companies

Page 18: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Consumer Fintech Evolution

Interesting Companies

Useful Links

Company List

Team

18

Page 19: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201619

Most Active Investors in Sector

32

16

109 9

87

6 65

0

7

14

21

28

35

SequoiaCapital

AccelPartners

BlumeVentures

IntelCapital

SAIFPartners

Matrix PartnersIndia

IDGCapital Partners

AspadaInvestments

Kae Capital IndiaQuotient

Tota

l Nu

mb

er o

f R

ou

nd

s

MobiKwik Qwikcilver Chillr FINO PayTech ItzCash Fintellix NeoGrowth FortunePay Lendingkart

FreeCharge Coverfox Unocoin Policybazaar

Paytm

MswipeAgile FinancialTechnologies Capital Float Qubecell MomoeCapital Float

Page 20: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201620

Where are Top Investors investing

Sequoia Capital

AccelPartners

Blume Ventures

Intel Capital

SAIF Partners

Matrix Partners

India

IDG Capital Partners

AspadaInvestments

Kae CapitalIndia

Quotient

Mobile Payments

MobiKwik, FreeCharge,

Chillr

JusPay, MyPoolin,

ChillrQubeCell

Paytm Mswipe Momoe QubeCell Momoe

PaymentsGharpay,

Citrus Pay, Pine Labs

QwikCilver, Wibmo,

InstamojoGharpay

ItzCashWibmo

ItzCashRazorpay

FortunePayGharpay

LendingBankBazaar, Capital Float, APNAPAISA

Indifi, Quiklo, SlicePay APNAPAISA Capital Float Finomena CreditMantriNeoGrowthCapital Float

Lendingkart

Banking TechMahindra Comviva,

Fintellix, ClinkClink FINO PayTech Fintellix

BankSmarts Solutions

ClinkInCights

Insurance Tech OneAssist Coverfox Turtlemint Policybazaar CoverfoxAgile Financial Technologies

Software for Institutional

InvestorsHeckyl

Investment Tech

Scripbox, , Moneysights Tracxn WealthTrust

Page 21: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201621

Top Investor by Stage of Entry

Sequoia Capital 9

Accel Partners 4

Intel Capital 3

American Express 2

Aspada Investments 2

Helion Venture Partners 2

IDG Capital Partners 2

Inventus Capital Partners 2

Lightspeed Venture Partners 2

Matrix Partners India 2

Sequoia Capital 4

Faering Capital 2

IFC 2

MediaTek 2

TPG 2

ABG Capital 1

Accion 1

Actis 1

Alibaba Group 1

Alpha Capital 1

Seed Series A Series B Later Stage

Sequoia Capital 13

Accel Partners 7

SAIF Partners 5

IDG Capital Partners 4

Kalaari 4

Blume Ventures 3

Matrix Partners India 3

Accion 2

Greylock Partners 2

Intel Capital 2

Blume Ventures 7

Accel Partners 4

Kae Capital 4

Prime Venture Partners 4

Sequoia Capital 4

TracxnLabs 4

Rainmatter 3

Start-Up Chile 3

Startupbootcamp 3

Y Combinator 3

Page 22: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Consumer Fintech Evolution

Interesting Companies

Useful Links

Company List

Team

22

Page 23: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201623

Acquisitions in 2016

Date Company Acquirer Deal Size OverviewTotal

Funding

Sep-2016 citruspay.comCitrus Pay

(Mumbai, 2011)payu.com $130M

Payment gateway and mobile walletSequoia Capital, 91springboard, Ascent Capital, Beenos, EcontextAsia, Beenext

$32.5M

Aug-2016 sesameindia.com

Sesame Software Solutions

(Kozhikode, 1993)

speridian.com UndisclosedCore banking solutions company

Unfunded

Jul-2016 momoe.inMomoe

(Bangalore, 2014)shopclues.com Undisclosed

Mobile wallet for payments at offline storesJungle Ventures, IDG Capital Partners, India Quotient

$1.2M

Apr-2016 phonepe.comPhonePe

(Bangalore, 2015)flipkart.com Undisclosed

UPI based payment appUnfunded

Apr-2016 instapaisa.comInstaPaisa

(Delhi, 2015)incred.com Undisclosed

B2C marketplace for personal loansUnfunded

Mar-2016 qarth.inQarth

(Chennai, 2012)olacabs.com Undisclosed

Interbank mobile payment service on mobileUnfunded

Mar-2016 ruplee.comRuplee

(Gurgaon, 2014)paylo.in Undisclosed

Mobile app to make payments at restaurantsUnfunded

Feb-2016 emvantage.comEmvantage

(Delhi, 2012)amazon.com Undisclosed

Online payment gateway solutionUnfunded

Page 24: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Consumer Fintech Evolution

Interesting Companies

Useful Links

Company List

Team

24

Page 25: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201625

October 2016Tracxn BlueBox : FinTech - India

Cumulative funding in the sector

1200+ companies in the sector, 175 funded since 2011, $1.78B invested in 2015/16 Most Active Investors: Sequoia Capital, Accel Partners, Blume Ventures

Practice Area - India | Analyst: @PrasannaMunot

25

SOFTWARE FORINSTITUTIONAL INVESTORS

$64M

BANKING TECH

FINO PayTech (2006, $103M)

$310M

CONSUMER FINANCE $37M

Personal Finance Mgmt MoneyView (2014, $8.5M)

Tax FilingclearTax (2010, $15M)

Eka Software (2004, $57M)

PAYMENTS $312M

LENDING $341M

Commercial LoansCapital Float (2013, $41M)

Consumer LoansePayLater (2016, $2M)

Micro-FinanceMilaap Social Ventures (2010, 1.35M)

EnablersBank Bazaar (2008, $80M)

MOBILE PAYMENTS $1.3B

mPOSEzetap (2011, $35M)

WalletPaytm (2010, $950M)

Payment TechnologyJuspay (2012, $6M)

Money TransferChillr (2014, $7M)

CROWDFUNDING

EquityTracxn Syndicate (2015, Bangalore)

DonationBitGiving (2013, Undisclosed)

RewardsWishberry (2012, $650k)

$3.5M

INVESTMENT TECH $47M

ProcessorFSS

(1991, $70M)

GatewayCitrus

(2011, $32.5M, Acq)

PoSPine Labs

(2004, $20M)

CardsQwikCilver

(2008, $20M)

RemittancesTimesOfMoney

(2000, Mumbai)

INSURANCE TECH

PolicyBazaar (2008, $70M)

$104M

Public Market

Trading PlatformRKSV (2009, $4M)

Data PlatformMarketsMojo (2015, $300K)

AdvisoryFundsIndia (2009, $15.4M)

Private Market Tracxn (2013, $3.7M)

$9M

$38M

Page 26: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201626

Top Business Models by Funding

$1.3B

$360M $345M $311M

$115M$64M $47M $37M $8M $4M

0

280

560

840

1120

1400

MobilePayments

Payments Lending BankingTech

InsuranceTech

Software forInstitutional

Investors

InvestmentTech

ConsumerFinance

EnterpriseFinance

Forex

Tota

l Fu

nd

ing

Am

ou

nt

(in

Mill

ion

s)

# Cos. 169 102 195 106 73 56 243 159 72 13

Avg. Age Feb-13 Jul-09 Nov-13 Jun-09 Nov-11 Jan-10 Sep-11 May-13 Jan-11 Jul-13

PaytmFinancial Software

SystemsBankBazaar FINO PayTech Policybazaar

Eka Software Solutions

FundsIndia Cleartax Chargebee BookMyForex

MobiKwik ItzCash InCredAGS Transact Technologies

Coverfox Heckyl MyUniverse Walnut Niyo Solutions Fxkart

Page 27: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201627

Payments – Overview

Cash Payments

• Paper-based transactions cleared through checks in FY 2015 totaled to INR 85 lakh crore (US$1.33 Trillion) whereas cashlesstransactions through credit card, debit card, NEFT, and online wallets accounted INR 92 lakh crore (US$1.43 Trillion)

• It is estimated that the Reserve Bank and commercial banks in India spend a total of INR 21,000 crore in currency operationscosts annually

Card Payments

• Debit card transactions have grown by 36.5% CAGR (compounded annual growth rate) over the past five years, while creditcard transactions have grown 21%

• The average ticket size for credit card transactions was Rs.3,089, up by 4.2%, while for debit card transactions it wasRs.1,502, the same level as FY14

Mobile Banking

• Mobile banking transactions jumped 46% to INR 49,029 crore in December 2015 over the previous month• Amount transacted in December 2015 rose more than fourfold from the Rs.11,323 crore in December 2014• Contribution from phones and tablets to digital payments is expected to increase at 30% of overall digital payments by 2020• 220 million smartphone users in India in February 2016; Expected to be 520 million by 2020

Prepaid instruments

• Prepaid instruments contribute only INR 21,342 crore (US$3.3 billion) which is not even 1% of the total cashless payments(FY 2015)

Page 28: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201628

Mobile Payments – Business Model Description

Companies using mobile as a medium to send and receive money

Wallet Money Transfer mPOS Technology Direct Carrier Billing

Mobile apps allowingmoney transfer fromanywhere

POS payments enabledby mobiles

Mobile Paymentstechnology solutionproviders

Payments done throughmobile subscriptionprovider

Mobile instruments tostore digital money

Page 29: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201629

Mobile Payments – Entrepreneur Activity and Investment Trend

$0.2M $8M$38M $52M

$1.1B

$212M2

5

97

19

8

0

4

8

12

16

20

0

240

480

720

960

1200

2011 2012 2013 2014 2015 2016

Nu

mb

er of R

ou

nd

s

Fun

din

g A

mo

un

t (i

n M

illio

ns)

YoY – Total Funding and No. of Rounds

$1.2B

$75M$10M $6M Undisclosed

0

280

560

840

1120

1400

Wallet mPOS Money Transfer Technology Direct CarrierBilling

Fun

din

g A

mo

un

t (i

n M

illio

ns)

BM wise Investment

12

2014

23

63

15

0

14

28

42

56

70

2011 2012 2013 2014 2015 2016

Nu

mb

er o

f C

om

pan

ies

Fou

nd

ed

YoY – No. of Companies Founded

Page 30: World’s Largest Startup Research Platform€™s Largest Startup Research Platform 2 3 Fintech India Report –October 2016 Contents Topic Page No. Scope of Report 04 Entrepreneur

Fintech India Report – October 201630

Mobile Payments – Most Funded Companies

Company Overview Business ModelFunding Amount

paytm.comPaytm

(2010, Noida)

Mobile wallet, e-commerce platform and payments bankHDFC Bank, ICICI Bank, SAIF Partners, Saama Capital, Silicon Valley Bank, Reliance Capital, Alibaba Group, MediaTek

Mobile Payments > Wallet > Semi-Closed System

$950M

mobikwik.comMobiKwik

(2009, Gurgaon)

Mobile wallet, recharge, bill paymentsAmerican Express, Sequoia Capital, GMO Venture Partners, MediaTek, NET1, Cisco Investments, Tree Line Investment Management, InnoVen Capital

Mobile Payments > Wallet > Semi-Closed System

$127M

freecharge.inFreeCharge

(2010, Mumbai)Platform for recharges, bill payments and payment processingSequoia Capital, Sofina, ruNet, Tybourne Capital Management, InnoVen Capital

Mobile Payments > Wallet > Semi-Closed System

$116.94M

mswipe.comMswipe

(2009, Mumbai)

POS merchant acquirer & network providerOla, Axis Bank, Matrix Partners India, DSG Consumer Partners, Meru Kapital, Falcon Edge Capital

Mobile Payments > mPOS > Card Payments

$35M

ezetap.comEzetap

(2011, Bangalore)

Device for merchants to accept card and wallet paymentsAmerican Express, Helion Venture Partners, Horizons Ventures, S23P, Capricorn, Berggruen, Social Capital, Prime Venture Partners

Mobile Payments > mPOS $35M

money-on-mobile.netMoneyOnMobile(2010, Mumbai)

Mobile wallet, recharge and paymentsCalpian

Mobile Payments > Wallet > Semi-Closed System

$29.7M

chillr.inChillr

(2014, Mumbai)Smartphone application for P2P money transactionsSequoia Capital, Mobme, Blume Ventures

Mobile Payments > Money Transfer

$8M

juspay.inJusPay

(2012, Bangalore)Digital payments gateway for eCommerce merchantsAccel Partners

Mobile Payments > Technology > Checkout

$5.9M

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Fintech India Report – October 201631

Payments – Business Model Description

Companies that enable businesses to accept payments. Also include payment networks and payment cards

Gateway Cards POS Payment processors Service Aggregators Processor

Companies offeringpre-paid cards toconsumers

Companies with anetwork of retailtouchpoints which offervariety of paymentservices

Provides backendinterface betweenmerchant account,gateways and cardnetworks

Provides online checkoutpages /APIs/ embeddedlinks to sellers to acceptpayments

Companies enablingmerchants and banks toprocess point of salepayments

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Fintech India Report – October 201632

Payments – Entrepreneur Activity and Investment Trend

$51M

$30M

$7M

$20M

$0.1M$8M

$88M

$58M

$26M4

2

1

3

5

3

7 6

4

0

2

3

5

6

8

0

20

40

60

80

100

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

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ou

nd

s

Fun

din

g A

mo

un

t (i

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illio

ns)

YoY – Total Funding and No. of Rounds

$91M

$72M $71M $71M

$27M

$14M

0

20

40

60

80

100

Processor ServiceAggregators

Cards Gateway PoS B2BPayments

Fun

din

g A

mo

un

t (i

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ns)

BM wise Investment

6

45

9 9

1413

14

2

0

3

6

10

13

16

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

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f C

om

pan

ies

Fou

nd

ed

YoY – No. of Companies Founded

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Fintech India Report – October 201633

Payments – Most Funded Companies

Company Overview Business ModelFunding Amount

fsstech.comFinancial Software Systems

(1991, Chennai)Provider of electronic payment & financial transaction processing solutionsNEA, Jacob Ballas Capital, The Carlyle Group

Payments > Processor $70M

itzcash.comItzCash

(2006, Mumbai)Multi Purpose Prepaid Cash CardLightspeed Venture Partners, Matrix Partners India, Intel Capital

Payments > Cards > Pre-Paid Cards

$50.6M

myoxigen.comOxigen

(2004, Gurgaon)Payment collection solution provider and service distributorMicrosoft, Citi

Payments > Service Aggregators

$46.5M

citruspay.comCitrus Pay

(2011, Mumbai)Payment gateway and mobile walletSequoia Capital, 91springboard, Ascent Capital, Beenos, Econtext Asia, Beenext

Payments > Gateway $32.5M

suvidhaa.comSuvidhaa

(2007, Mumbai)Payment services through retail outlets and mobile appIFC, Norwest Venture Partners, Mitsui, Reliance Venture Asset Management

Payments > Service Aggregators

$25M

pinelabs.comPine Labs

(1998, Noida)Payment TechnologiesSequoia Capital, New Atlantic Ventures

Payments > PoS $20M

ventureinfotek.comVenture Infotek(1997, Mumbai)

Transaction processing and payment solutionsKubera Partners, GIV Management, Kubera Cross-Border Fund

Payments > Processor $20M

qwikcilver.comQwikCilver

(2008, Bangalore)Multi-brand gift card store and B2B backend technology providerAmazon India, Accel Partners, Helion Venture Partners, Sistema

Payments > Cards > Pre-Paid Cards > Gift Cards

$20M

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Fintech India Report – October 201634

SMB Lending – Overview

• Total Debt demand by SMEs - $520B

• No of SMBs in India - 50M+

• Met Demand - $140B

• By Banks, NBFCs and Financial Institutions

• Unmet Demand - $198B

• Serviceable market not addressed by traditional FinancialInstitutions

• Cannot be financed - $182B

• Includes loss making enterprises, SMBs that have defaulted,SMBs with no history and SMBs that prefer finance frominformal sources

27%

38%

35%

SMB Financing Market - 2012

Met Demand Unmet Demand Cannot be Financed

Source

• Manufacturing sector accounts for an 29% of total enterprises in the MSME sector

• The manufacturing sector accounts for 61% of the viable debt demand that can be addressed by formal financial institutionsin the near term, whereas the services sector accounts for the remaining 39%

• Working capital accounts for ~70% of the total debt demand from the manufacturing sector and for service enterprises,working capital requirements is ~41% of the total debt demand

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Fintech India Report – October 201635

Consumer Lending – Overview

Source1 Source2 Source3

• Credit Suisse estimates that

• Retail loans accounted for US$310 billion in 2014 and the segment is expected to witness a CAGR of 18% to reach

US$830 billion by 2020

• The number of credit cards in India is more than 2.45 Crores (March 2016)

• Home loans is the major contributor and housing loans grew 17.8% in August 2015 compared with 15.5% a year ago

• Banks' personal loan segment grew at 17.3% year-on-year in August 2015 compared with 12.8% a year ago

• Car loans increased 17% year on-year in August 2015

• CIBIL Consumer Bureau has records of more than 220 Million individuals

• Purchase loans has seen a lot of funding activity recently and traditional lenders have are increasing their focus on

e-commerce purchase loans. Recently, Bajaj Finserv and Flipkart have tied up to offer a monthly installment scheme

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Fintech India Report – October 201636

Lending – Business Model Description

Includes platforms connecting lenders and borrowers. Also includes digital lenders and platforms enabling lenders

Consumer Loans Loan Comparison Commercial Loans Credit Rating and Credit Score Improvement

Platforms helping users to getquotes and check eligibility forloan products from multiplelenders

Online lending platformsoffering loans to businesses forworking capital, expansion,equipment financing, etc.

Includes platforms that usealternate data points to build ascore. Also includes platformsthat help users to identifyproblems in their creditreports and offer solutions toimprove credit score.

Includes online lendingplatforms offering loans toconsumer for various purposeslike point of sale finance,education finance, housingfinance, etc.

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Fintech India Report – October 201637

Lending – Entrepreneur Activity and Investment Trend

$1M $3M $0M $6M $0.1M $4M$18M

$103M

$199M

1 1 1 2 1 36

21

33

0

7

14

21

28

35

0

50

100

150

200

250

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

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ou

nd

s

Fun

din

g A

mo

un

t (i

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ns)

YoY – Total Funding and No. of Rounds

$119M $119M

$74M

$24M

$5M

0

28

56

84

112

140

CommercialLoans

LoanComparison

HorizontalDirect Lender

ConsumerLoans

Credit Ratingand Credit Score

Improvement

Fun

din

g A

mo

un

t (i

n M

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ns)

BM wise Investment

3 27

11 10 10

30

81

37

0

18

36

54

72

90

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

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f C

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pan

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Fou

nd

ed

YoY – No. of Companies Founded

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Fintech India Report – October 201638

Lending – Most Funded Companies

Company Overview Business ModelFunding Amount

bankbazaar.comBankBazaar

(2008, Chennai)Loan comparison platformAmazon India, Sequoia Capital, Walden International, Eight Roads Ventures

Lending > Enabler > Lead Generation > Loan Comparison

$80M

incred.comInCred

(2016, Mumbai)Tech NBFC in SME and consumer lendingIDFC, Alpha Capital

Lending > Direct Lender $74M

neogrowth.inNeoGrowth

(2010, Mumbai)

Working capital lending platformOmidyar Network, Accion, Khosla Impact, Aspada Investments, India Infoline Asset Management, Quona Capital

Lending > Commercial Loans > Working Capital > Merchant Cash Advance

$46.6M

capitalfloat.comCapital Float

(2013, Bangalore)Online lending platform for small businessesSAIF Partners, Sequoia Capital, Creation Investments, Aspada Investments

Lending > Commercial Loans > Direct Lender

$41M

lendingkart.comLendingkart

(2014, Ahmedabad)

Online platform that provides working capital for SMBs in IndiaIFMR Trust, Saama Capital, Mayfield, Bertelsmann, India Quotient, Bertelsmann India Investments

Lending > Commercial Loans > Working Capital > Direct Lenders

$30.65M

apnapaisa.comAPNAPAISA

(2007, Mumbai)Online marketplace for loans and investment productsSequoia Capital, JAFCO Asia, Intel Capital, ChrysCapital

Lending > Enabler > Lead Generation > Loan Comparison

$20.2M

deal4loans.comDeal4loans

(2007, Delhi)Online portal for loan comparison.Franklin Templeton Investments

Lending > Enabler > Lead Generation > Loan Comparison

$15M

faircent.comFaircent

(2013, Gurgaon)P2P lending marketplaceAarin Capital, Brand Capital, JM Financial, M and S Capital Partners

Lending > Consumer Loans > Personal Loans > P2P Marketplace

$8.25M

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Fintech India Report – October 201639

Banking Tech – Business Model Description

Software Solutions Regulatory Compliance Fraud & Risk Management

Technology Solutions Banking Correspondent

Platforms helpinglenders and financialinstitutions to complywith the regulations

Platforms helpinginstitutions to reducefrauds

Platforms offeringstechnology solutions tolenders to improveoperations

Tech companies offeringbanking services onbehalf of Banks

Platforms offeringsoftware solutions thathelp banks to managetheir back endoperations like loans,cash, wealth, treasury,etc.

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Fintech India Report – October 201640

Banking Tech – Entrepreneur Activity and Investment Trend

$6M

$15M

$3M

$76M

$57M

$23M

$1M

$31M

$38M

1

2 2

5

4

4 4 4 4

0

1

2

4

5

6

0

16

32

48

64

80

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

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ou

nd

s

Fun

din

g A

mo

un

t (i

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ns)

YoY – Total Funding and No. of Rounds

$115M$102M

$33M$24M

$17M$14M

0

28

56

84

112

140

BankingCorrespondent

TechnologySolutions

SoftwareSolutions

MarketingSolutions

RegulatoryCompliance

BankingFrontend

Fun

din

g A

mo

un

t (i

n M

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ns)

BM wise Investment

6

1

7

3

78

13

23

6

0

5

10

15

20

25

2008 2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

er o

f C

om

pan

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Fou

nd

ed

YoY – No. of Companies Founded

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Fintech India Report – October 201641

Banking Tech – Most Funded Companies

Company Overview Business ModelFunding Amount

finopaytech.comFINO PayTech

(2006, Mumbai)

Financial inclusion technology providerICICI Bank, HSBC Group, Life Insurance Corporation of India, IFC, Blackstone, Intel Capital, Corporation Bank, Legatum, ICICI Lombard, Bharat Petroleum, Union Bank Of India, Indian Bank

Banking Tech > Banking Correspondent

$102.6M

agsindia.com

AGS Transact Technologies

(2002, Mumbai)

End to end payment solutions providerTPG, Actis

Banking Tech > Technology Solutions > White Label ATM

$80M

infrasofttech.comInfrasoft Technologies

(1995, Mumbai)Software solutions provider for financial enterprisesBaring Private Equity Asia

Banking Tech > Software Solutions > Horizontal

$24.8M

loylty.comLoylty Rewardz(2006, Mumbai)

Loyalty & relationship management company.Canaan Partners, Ventureast, India Ideas, InnoVen Capital

Banking Tech > Marketing Solutions > Loyalty

$24.4M

btipayments.inBTI Payments India Pvt

(1991, Bangalore)White label ATMICICI Venture

Banking Tech > Technology Solutions > White Label ATM

$22.4M

mahindracomviva.comMahindra Comviva

(1999, Gurgaon)Mobile financial solutionsSequoia Capital, Cisco, Westbridge Capital

Banking Tech > Banking Frontend > Mobile

$13.5M

fintellix.comFintellix

(2006, Bangalore)Analytics, Risk & Compliance Solutions for BankingSequoia Capital, IDG Capital Partners

Banking Tech > Regulatory Compliance

$12.5M

cloudlendinginc.comCloud Lending

(2012, Bangalore)Cloud based management platforms for lending institutions.EPIC Ventures, SF Capital, Lighter Capital, Green Visor Capital, Cota Capital

Banking Tech > Software Solutions > Loan Management

$8.15M

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Fintech India Report – October 201642

Insurance Tech – Business Model Description

• The insurance industry of India consists of 53 insurance companies of which 24 are in life insurance business and 29 arenon-life insurers

• India's insurable population is anticipated to touch 750 million in 2020, with life expectancy reaching 74 years• The insurance market is expected to quadruple in size over the next 10 years from its current size of US$ 60 billion. And the

life insurance market is slated to cross US$ 160 billion. (Jan 2016)• The general insurance business in India is currently at US$ 11.7 billion premium per annum is growing at a healthy rate of

17%. (Jan 2016)• In India, sale through digital channel is 2% whereas digital influence is 12% (10% for motor, 12% for life, 14% for health and

19% for travel)

Insurance Aggregators Data Providers Software Solutions Gadget Insurance

Platforms offering data whichcan be used by Insurers forbetter claims and fraudmanagement

Platform offering softwaresolutions to Insurers andinsurance agents

Platforms enabling consumers toinsure electronic gadgets againsttheft and damage

Licensed platforms aggregatingpolicies from various Insurers

Source: IBEF

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Fintech India Report – October 201643

Insurance Tech – Entrepreneur Activity and Investment Trend

$4M $0.1M$7M $6M

$10M

$27M

$60M

$3M

1 1

4

2

3

5

4

5

0

1

2

4

5

6

0

14

28

42

56

70

2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

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ou

nd

s

Fun

din

g A

mo

un

t (i

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ns)

YoY – Total Funding and No. of Rounds

$87M

$11M $10M $8M

0

20

40

60

80

100

InsuranceAggregators

GadgetInsurance

SoftwareSolutions

DataProviders

Fun

din

g A

mo

un

t (i

n M

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BM wise Investment

34

8

5

7

10

19

4

0

4

8

12

16

20

2009 2010 2011 2012 2013 2014 2015 2016

Nu

mb

er o

f C

om

pan

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Fou

nd

ed

YoY – No. of Companies Founded

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Fintech India Report – October 201644

Insurance Tech – Most Funded Companies

Company Overview Business ModelFunding Amount

policybazaar.comPolicybazaar

(2008, Gurgaon)

Leading online insurance aggregator in India.Info Edge India, Inventus Capital Partners, Intel Capital, Tiger Global Management, Ribbit Capital, ABG Capital, Steadview Capital, Premji Invest

Insurance Tech > Insurance Aggregators

$69.6M

coverfox.comCoverfox

(2011, Mumbai)Insurance aggregator and selling platformAccel Partners, SAIF Partners, Catamaran Ventures

Insurance Tech > Insurance Aggregators

$14M

oneassist.inOneAssist

(2011, Mumbai)One-stop assistance and security service for mobile, credit/debit card theft and lossLightspeed Venture Partners, Sequoia Capital, Assurant, Trifecta Capital

Insurance Tech > Gadget Insurance

$11M

agile-ft.comAgile Financial Technologies

(2008, Mumbai)BFSI software solution providerIDG Capital Partners

Insurance Tech > Software Solutions

$5.74M

skymet.netSkymet Weather Services

(2003, Noida)Crop insurance and weather forecasting data servicesOmnivore, DMG Information

Insurance Tech > Data Providers

$5.5M

healthhiway.comHealthHiway

(2007, Hyderabad)Care coordination solutions for healthcare organizationsGreylock Partners

Insurance Tech > Software Solutions

$4M

easypolicy.comEasypolicy

(2011, Noida)Online selling and comparison platform for insuranceUnilazer Ventures

Insurance Tech > Insurance Aggregators

$2.2M

itransglobal.comiTrans Technologies(2009, Bangalore)

OBD device, app, development platform and analytics engine for connected cars Insurance Tech > Data Providers

$2.1M

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Fintech India Report – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Consumer Fintech Evolution

Interesting Companies

Useful Links

Company List

Team

45

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Fintech India Report – October 201646

Consumer Fintech Evolution

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Fintech India Report – October 201647

Consumer Fintech Evolution

Alternative Lending

• Alternative lending started off with companies such as BankBazaar which offer convenience and have evolved to amarketplace model offering end to end support

• The growth of e-commerce has helped companies like Cashcare, Simpl and ePaylater to offer solutions to buyer

Payments

• Paytm and Mobikwik have disrupted the entire payments sector but companies like Chillr are making transactions easier byoffering bank to bank money transfer using contact number and are gaining popularity among users

• Since 2010, it was observed that buyers were using multiple payment options companies like FTCash and Unopay have comeup to help users and merchants manage payments

Insurance Tech

• Insurance is a highly regulated sector and thus has seen less innovation• The sector started off with PolicyBazaar a web aggregator followed by Coverfox, an online direct broker. Players like

turtlemint are coming up to offer personalized insurance solutions

Investment Tech

• Insurance Tech is a sector waiting to be disrupted. The sector started off with Arthyantra’s online advisory services andevolved to a robo-advisory service model (Scripbox)

• To reduce trading costs, companies like RKSV and Zerodha started in 2009 & 2010• Post 2015, to increase the volume of retail trading transactions, innovative platforms like thematic investing, social network

based investing, professional advice investing have come up

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Fintech India Report – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Consumer Fintech Evolution

Interesting Companies

Useful Links

Company List

Team

48

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Fintech India Report – October 201649

Interesting Unfunded Companies

Company OverviewBusiness Model

cashe.co.inCASHe

(2016, Mumbai)

Short term personal loan platform Lending > Consumer Loans > Personal Loans > Short Term

CarX(2016, Bangalore)

Mobile app for tracking driving and vehicle analytics Insurance Tech > Data Providers

novoloans.comNovoloans

(2016, Mumbai)

Micro-lending marketplaceLending > Commercial Loans > B2C Marketplace

LegUp(2016, Mumbai)

Financing for career enhancing activitiesLending > Consumer Loans > Student Loans > Career Enhancing Activities

MyBanker(2016, Gurgaon)

AI based Banking assistantBanking Tech > Back-End Solutions > Customer Experience

GetHonestPay(2016, Bangalore)

Healthcare financing options Lending > Consumer Loans > Healthcare

wealthyfox.inWealthyFox

(2016, Mumbai)

Platform for aggregating & comparing financial analytics companies Investment Tech > Public Market Investing > Data Platform > Analytics

ReBase(2016, Bangalore)

Mobile app for payday loans Lending > Consumer Loans > Payday Loans

lastmile.mobiLastmile

(2015, Hyderabad)

Platform for last mile payments managementPayments > Technology

Curated list of companies by the sector analyst are defined as Interesting

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Fintech India Report – October 201650

Interesting Unfunded Companies

Company OverviewBusiness Model

talkoot.inTalkoot

(2015, Bangalore)Social platform for traders and investors

Investment Tech > Public Market Investing > Trading Platform > Online Stock Trading Platform > Social Trading

altflo.coAltflo

(2015, Mumbai)Deal making platform for alternative asset firms

Investment Tech > Private Market Investing > Deal-Origination Platform

marketfinance.co.inMarket Finance India

(2015, Bangalore)B2C marketplace for commercial loans Lending > Commercial Loans > B2C Marketplace

rupeek.comRupeek

(2015, Bangalore)Alternate lending platform for gold loans

Lending > Consumer Loans > Gold Loans > B2C Marketplace

FrauShield(2015, Delhi)

AI based financial fraud detection and alerting Banking Tech > Fraud & Risk Management

CashFree(2015, Bangalore)

Plug-n-play APIs for payments and banking Payments > Gateway

Tipbaba(2015, Gurgaon)

Platform to connect to follow top stock performersInvestment Tech > Public Market Investing > Advisory > Trading Tips

Algorial(2015, Bangalore)

R&D solutions for algo tradingSoftware for Institutional Investors > Market Data Analytics

Esthenos(2015, Bangalore)

Field force automation solutions for the financial services industry

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Fintech India Report – October 201651

Interesting Unfunded Companies

Company OverviewBusiness Model

SaveAbhi(2015, Gurgaon)

Micro savings platformConsumer Finance > Personal Finance Management > Savings

Numberz(2015, Bangalore)

Invoice discounting platformLending > Commercial Loans > Working Capital > Alternate Financing > Discounting

ultracash.com1Crowd

(2015, Mumbai)Equity crowd funding platform Crowdfunding > Equity

Slonkit(2015, Mumbai)

Internet enabled prepaid card and wallet targeted at teenagers & students

Mobile Payments > Wallet > Semi-Open System

mTuzo(2015, Delhi)

Provides API to banks for customer analytics Banking Tech > Marketing Solutions > Analytics

Fastbanking(2015, Mumbai)

EMI based purchase loans providerLending > Consumer Loans > Purchase Loans > EMI based

fonePaisa(2014, Bangalore)

Mobile app for payments at online and offline retail stores Mobile Payments > Money Transfer

UltraCash(2014, Bangalore)

High frequency sound based money transfer companyMobile Payments > Money Transfer > Proximity Payments > Sound Waves

slonkit.comCashCare

(2014, Mumbai)Consumer lending platform for eCommerce purchases

Lending > Consumer Loans > Purchase Loans > EMI based

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Fintech India Report – October 201652

Interesting Unfunded Companies

Company OverviewBusiness Model

SaveAbhi(2015, Gurgaon)

Micro savings platformConsumer Finance > Personal Finance Management > Savings

Numberz(2015, Bangalore)

Invoice discounting platformLending > Commercial Loans > Working Capital > Alternate Financing > Discounting

ultracash.com1Crowd

(2015, Mumbai)Equity crowd funding platform Crowdfunding > Equity

Slonkit(2015, Mumbai)

Internet enabled prepaid card and wallet targeted at teenagers & students

Mobile Payments > Wallet > Semi-Open System

mTuzo(2015, Delhi)

Provides API to banks for customer analytics Banking Tech > Marketing Solutions > Analytics

Fastbanking(2015, Mumbai)

EMI based purchase loans providerLending > Consumer Loans > Purchase Loans > EMI based

fonePaisa(2014, Bangalore)

Mobile app for payments at online and offline retail stores Mobile Payments > Money Transfer

UltraCash(2014, Bangalore)

High frequency sound based money transfer companyMobile Payments > Money Transfer > Proximity Payments > Sound Waves

slonkit.comCashCare

(2014, Mumbai)Consumer lending platform for eCommerce purchases

Lending > Consumer Loans > Purchase Loans > EMI based

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Fintech India Report – October 201653

Interesting Seed Companies

Company Overview Business ModelTotal

Funding

cointribe.comCoinTribe

(2015, Delhi)Business and personal loan platform Lending > B2C Marketplace $3M

paynear.inPaynear

(2013, Hyderabad)mPOS solutions provider

Mobile Payments > mPOS > Card Payments

$2.5M

earlysalary.comEarlySalary

(2015, Pune)

NBFC linked lending platform for consumer loansTranscorp International

Lending > Consumer Loans > Payday Loans $1.5M

indialends.comIndiaLends

(2014, Delhi)

Web-based personal loans marketplaceDSG Consumer Partners

Lending > Consumer Loans > Personal Loans > B2C Marketplace

$1M

tradelab.inTradeLab

(2012, Kolkata)

Online trading platform for institutionsRainmatter

Software for Institutional Investors > Trading Platform

$890K

utradesolutions.comuTrade

(2011, Chandigarh)

Open-source multi-asset trading platform and blockchain based settlement/clearingAxis Bank, Morpheus Gang

Software for Institutional Investors > Algorithmic Trading

$800K

kredx.comKredx

(2015, Bangalore)

Online invoice discounting platform for SMEsPrime Venture Partners

Lending > Commercial Loans > Working Capital > Alternate Financing > Discounting

$750K

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Fintech India Report – October 201654

Interesting Seed Companies

Company Overview Business ModelTotal

Funding

happay.inHappay

(2012, Bangalore)

Web/mobile based business expense management solutionTLabs, Prime Venture Partners

Enterprise Finance > Accounting Tool > Expense Management

$520K

slicepay.inSlicePay

(2015, Bangalore)

EMI based purchase loans for studentsTracxnLabs, Blume Ventures

Lending > Consumer Loans > Purchase Loans > Students

$500K

impactguru.comImpact Guru

(2014, Mumbai)

Crowdfunding platform for social causesRB Investments

Crowdfunding > Donation > Causes $500K

affordplan.comAffordplan

(2016, Delhi)

Saving plans for medical treatmentKstart

Consumer Finance > Personal Finance Mangement > Savings

$500K

active.aiActive AI

(2016, Bangalore)

AI based SaaS platform for financial servicesKstart

Banking Tech > Customer Experience > AI $500K

marketsmojo.comMarketsMojo

(2015, Mumbai)Algorithm-based stock research platform

Investment Tech > Public Market Investing > Data Platform

$300.26K

wealthy.inWealthy

(2015, Bangalore)

Automated advisor for tax saving investmentsTracxnLabs

Investment Tech > Public Market Investing > Advisory > Robo Advisor

$237K

i-lend.iniLend

(2012, Hyderabad)

P2P marketplace for personal loansAngel Investment Network, Angaros Group

Lending > Consumer Loans > Personal Loans > P2P Marketplace

$134.7K

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Interesting Seed Companies

Company Overview Business ModelTotal

Funding

ikaaz.comiKaaz

(2012, Bangalore)NFC based mPOS

Mobile Payments > Money Transfer > Proximity Payments > NFC

Undisclosed

mobiswipe.inMobiSwipe

(2011, Mumbai)

Mobile POS payment service.One97 Communications

Mobile Payments > mPOS > Card Payments

Undisclosed

lendenclub.comLendenClub

(2014, Mumbai)

Online marketplace for P2P lendingVenture Catalysts

Lending > Consumer Loans > Personal Loans > P2P Marketplace

Undisclosed

taurowealth.comTauro Wealth

(2015, Bangalore)

Online platform providing investment ideas on thematic investingTracxnLabs

Investment Tech > Public Market Investing > Trading Platform > Thematic Investing

Undisclosed

financebuddha.comFinanceBuddha

(2012, Bangalore)

Loan comparison platformThe Chennai Angels

Lending > Enabler > Lead Generation > Loan Comparison

Undisclosed

novopay.inNovopay

(2014, Bangalore)

Bank sponsored walletKhosla Labs

Mobile Payments > Wallet > Open System Undisclosed

turtlemint.comTurtlemint

(2015, Mumbai)

Online platform for Insurance comparisonNexus Venture Partners, Blume Ventures

Insurance Tech > Insurance Aggregators Undisclosed

ziploan.inZipLoan

(2015, Delhi)

Lending platform for small businessesGrowX Ventures

Lending > Commercial Loans > Direct Lender

Undisclosed

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Fintech India Report – October 201656

Interesting Seed Companies

Company Overview Business ModelTotal

Funding

gopaysense.comPaySense

(2015, Mumbai)

EMI based purchase loan checkout platformNexus Venture Partners

Lending > Consumer Loans > Purchase Loans > EMI based

Undisclosed

finomena.comFinomena

(2015, Bangalore)

EMI based purchase loan providerMatrix Partners India

Lending > Consumer Loans > Purchase Loans > Students

Undisclosed

arthayantra.comArthaYantra

(2007, Hyderabad)

Web-based platform for personal finance planningWFA Global Investments

Investment Tech > Public Market Investing > Advisory > Robo Advisor

Undisclosed

indifi.comIndifi

(2015, Gurgaon)

SME lending platformAccel Partners, Elevar Equity

Lending > Commercial Loans > B2C Marketplace

Undisclosed

tavaga.comTavaga

(2015, Mumbai)Mobile and web based investment management platform

Investment Tech > Public Market Investing > Advisory > Robo Advisor

Undisclosed

loanzen.inLoanZen

(2015, Bangalore)

Unsecured working capital loans platformTracxnLabs

Lending > Commercial Loans > Working Capital > B2C Marketplace

Undisclosed

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Fintech India Report – October 201657

Interesting Series A Companies

Company Overview Business ModelTotal

Funding

cleartax.inCleartax

(2010, Delhi)

Free Income Tax preparation and e-filing portalY Combinator, Paytm, SAIF Partners, Sequoia Capital, Founders Fund, FundersClub

Consumer Finance > Personal Finance Mangement > Tax Filing

$15.42M

deal4loans.comDeal4loans

(2007, Delhi)

Online portal for loan comparison.Franklin Templeton Investments

Lending > Enabler > Lead Generation > Loan Comparison

$15M

getwalnut.comWalnut

(2014, Pune)

Mobile based personal SMS assistant and expense tracking appSAIF Partners, Sequoia Capital

Consumer Finance > Personal Finance Mangement > Budgeting

$9M

moneyview.inMoneyView

(2014, Bangalore)

Personal finance smartphone appAccel Partners, Tiger Global Management, Ribbit Capital

Consumer Finance > Personal Finance Mangement > Budgeting

$8.5M

faircent.comFaircent

(2013, Gurgaon)

P2P lending marketplaceAarin Capital, Brand Capital, JM Financial, M and S Capital Partners

Lending > Consumer Loans > Personal Loans > P2P Marketplace

$8.25M

cloudlendinginc.comCloud Lending

(2012, Bangalore)

Cloud based management platforms for lending institutions.EPIC Ventures, SF Capital, Lighter Capital, Green Visor Capital, Cota Capital

Banking Tech > Software Solutions > Loan Management

$8.15M

juspay.inJusPay

(2012, Bangalore)

Digital payments gateway for eCommerce merchantsAccel Partners

Mobile Payments > Technology > Checkout

$5.9M

agile-ft.com

Agile Financial Technologies

(2008, Mumbai)

BFSI software solution providerIDG Capital Partners

Insurance Tech > Software Solutions $5.74M

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Fintech India Report – October 201658

Interesting Series A Companies

Company Overview Business ModelTotal

Funding

onemi.inONEMi

(2011, Chennai)

EMI based purchase loan providerVentureast

Lending > Consumer Loans > Purchase Loans > EMI based

$5M

rksv.inRKSV

(2009, Mumbai)

Online retail brokerage firmKalaari, GVK

Investment Tech > Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee

$4M

customerxps.comCustomerXPs

(2006, Bangalore)

Fraud & Customer experience management solutions for financial, retail and telecom industryJAFCO Asia

Banking Tech > Fraud & Risk Management $4M

Tracxn(2013, Bangalore)

Market intelligence platform for private market investingSAIF Partners, Beenext

Investment Tech > Private Market Investing > Data Platform

$3.7M

rubique.comRubique

(2014, Mumbai)

Online marketplace for financial productsKalaari, Globevestor, Yournest, Dexter Angel Circle

Lending > Enabler > Lead Generation > Loan Comparison

$3M

loantap.inLoanTap

(2016, Mumbai)Platform for flexible consumer loan products. Lending > Consumer Loans > Direct Lender $3M

creditmantri.comCreditMantri

(2012, Chennai)

Credit management servicesIDG Capital Partners, Accion, Elevar Equity

Lending > Enabler > Credit Rating Improvement

$2.5M

creditvidya.comCreditVidya

(2012, Mumbai)

Alternate credit scoring platformKalaari

Lending > Enabler > Credit Rating $2M

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Fintech India Report – October 201659

Interesting Series A Companies

Company Overview Business ModelTotal

Funding

zebpay.comZebPay

(2014, Ahmedabad)Bitcoin wallet with transactions based on mobile numbers Cryptocurrency > Bitcoin > Wallet $1.12M

tonetag.comToneTag

(2014, Bangalore)

Contactless payments using sound waves and NFCReliance Venture Asset Management

Mobile Payments > Money Transfer > Proximity Payments > Sound Waves

$1M

Artoo(2010, Bangalore)

Field Ops Managament for Microfinance, Healthcare.Accion, Villgro Innovations Foundation

Banking Tech > CRM $646K

Instamojo(2012, Bangalore)

Payment collections though embedded linksKalaari, 500 Startups, SternFisher, Blume Ventures

Payments > Gateway > Embedded Payments

Undisclosed

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Fintech India Report – October 201660

Interesting Series B Companies

Company Overview Business ModelTotal

Funding

capitalfloat.comCapital Float

(2013, Bangalore)

Online lending platform for small businessesSAIF Partners, Sequoia Capital, Creation Investments, AspadaInvestments

Lending > Commercial Loans > Direct Lender

$41M

lendingkart.comLendingkart

(2014, Ahmedabad)

Online platform that provides working capital for SMBs in IndiaIFMR Trust, Saama Capital, Mayfield, Bertelsmann, India Quotient, Bertelsmann India Investments

Lending > Commercial Loans > Working Capital > Direct Lenders

$30.65M

money-on-mobile.netMoneyOnMobile(2010, Mumbai)

Mobile wallet, recharge and paymentsCalpian

Mobile Payments > Wallet > Semi-Closed System

$29.7M

qwikcilver.comQwikCilver

(2008, Bangalore)

Multi-brand gift card store and B2B backend technology providerAmazon India, Accel Partners, Helion Venture Partners, Sistema

Payments > Cards > Pre-Paid Cards > Gift Cards

$20M

paymate.inPayMate

(2006, Mumbai)

B2B Payments platformMayfield, KPCB, Sherpalo Ventures, Lightbox Ventures

Payments > B2B Payments $14M

coverfox.comCoverfox

(2011, Mumbai)

Insurance aggregator and selling platformAccel Partners, SAIF Partners, Catamaran Ventures

Insurance Tech > Insurance Aggregators $14M

fintellix.comFintellix

(2006, Bangalore)

Analytics, Risk & Compliance Solutions for BankingSequoia Capital, IDG Capital Partners

Banking Tech > Regulatory Compliance $12.5M

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Fintech India Report – October 201661

Interesting Series B Companies

Company Overview Business ModelTotal

Funding

razorpay.comRazorpay

(2014, Bangalore)

Payment gateway solutionsY Combinator, Matrix Partners India, MasterCard, Tiger Global Management, GMO Venture Partners

Payments > Gateway $11.5M

alittleworld.comA Little World

(2000, Mumbai)

Mobile Banking PlatformLegatum, Caspian Impact Investment Adviser

Banking Tech > Banking Correspondent $6.41M

chargebee.comChargebee

(2011, Chennai)

Managed subscription billing service for SaaSAccel Partners, Tiger Global Management

Enterprise Finance > Accounting Tool > Invoicing > Subscription Billing

$6.17M

skymet.net

Skymet Weather Services

(2003, Noida)

Crop insurance and weather forecasting data servicesOmnivore, DMG Information

Insurance Tech > Data Providers $5.5M

heckyl.comHeckyl

(2010, Mumbai)

Real time financial information & news analytics for markets & businessesSeedfund, IDG Capital Partners

Software for Institutional Investors > Market Data Analytics

$4.75M

scripbox.comScripbox

(2012, Bangalore)

Web-based platform enabling investing in mutual fundsAccel Partners, Omidyar Network, NuVentures

Investment Tech > Public Market Investing > Advisory > Robo Advisor

$3.24M

mosambee.inMosambee

(2012, Mumbai)

EMV enabled comprehensive mPOS systemSIDBI Venture Capital, Rajasthan Venture Capital Fund

Mobile Payments > mPOS $1M

Zeta.in (2015, Bangalore)

Mobile-based payment solutionEnterprise Finance > Employee Benefits Management

Part of Directi

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Fintech India Report – October 201662

Interesting Late Stage Companies

Company Overview Business ModelTotal

Funding

paytm.comPaytm

(2010, Noida)

Mobile wallet, e-commerce platform and payments bankHDFC Bank, ICICI Bank, SAIF Partners, Saama Capital, Silicon Valley Bank, Reliance Capital, Alibaba Group, MediaTek

Mobile Payments > Wallet > Semi-Closed System

$950M

mobikwik.comMobiKwik

(2009, Gurgaon)

Mobile wallet, recharge, bill paymentsAmerican Express, Sequoia Capital, GMO Venture Partners, MediaTek, NET1, Cisco Investments, Tree Line Investment Management, InnoVen Capital

Mobile Payments > Wallet > Semi-Closed System

126.85M

freecharge.inFreeCharge

(2010, Mumbai)

Platform for recharges, bill payments and payment processingSequoia Capital, Sofina, ruNet, Tybourne Capital Management, InnoVen Capital

Mobile Payments > Wallet > Semi-Closed System

$116.94M

finopaytech.comFINO PayTech

(2006, Mumbai)

Financial inclusion technology providerICICI Bank, HSBC Group, Life Insurance Corporation of India, IFC, Blackstone, Intel Capital, Corporation Bank, Legatum, ICICI Lombard, Bharat Petroleum, Union Bank Of India, Indian Bank

Banking Tech > Banking Correspondent

$102.6M

bankbazaar.comBankBazaar

(2008, Chennai)

Loan comparison platformAmazon India, Sequoia Capital, Walden International, Eight Roads Ventures

Lending > Enabler > Lead Generation > Loan Comparison

$80M

agsindia.comAGS Transact Technologies

(2002, Mumbai)

End to end payment solutions providerTPG, Actis

Banking Tech > Technology Solutions > White Label ATM

$80M

fsstech.comFinancial Software Systems

(1991, Chennai)

Provider of electronic payment & financial transaction processing solutionsNEA, Jacob Ballas Capital, The Carlyle Group

Payments > Processor $70M

policybazaar.comPolicybazaar

(2008, Gurgaon)

Leading online insurance aggregator in India.Info Edge India, Inventus Capital Partners, Intel Capital, Tiger Global Management, Ribbit Capital, ABG Capital, Steadview Capital, Premji Invest

Insurance Tech > Insurance Aggregators

$69.6M

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Fintech India Report – October 201663

Interesting Late Stage Companies

Company Overview Business ModelTotal

Funding

ekaplus.comEka Software Solutions

(2004, Bangalore)

Commodity trading and risk management solutions for global commodity markets.Nexus Venture Partners, Silver Lake

Software for Institutional Investors

$56.75M

itzcash.comItzCash

(2006, Mumbai)

Multi Purpose Prepaid Cash CardLightspeed Venture Partners, Matrix Partners India, Intel Capital

Payments > Cards > Pre-Paid Cards

$50.6M

neogrowth.inNeoGrowth

(2010, Mumbai)

Working capital lending platformOmidyar Network, Accion, Khosla Impact, Aspada Investments, India Infoline Asset Management, Quona Capital

Lending > Commercial Loans > Working Capital > Merchant Cash Advance

$46.6M

myoxigen.comOxigen

(2004, Gurgaon)

Payment collection solution provider and service distributorMicrosoft, Citi

Payments > Service Aggregators $46.5M

mswipe.comMswipe

(2009, Mumbai)

POS merchant acquirer & network providerOla, Axis Bank, Matrix Partners India, DSG Consumer Partners, Meru Kapital, Falcon Edge Capital

Mobile Payments > mPOS > Card Payments

$35M

ezetap.comEzetap

(2011, Bangalore)

Device for merchants to accept card and wallet paymentsAmerican Express, Helion Venture Partners, Horizons Ventures, S23P, Capricorn, Berggruen, Social Capital, Prime Venture Partners

Mobile Payments > mPOS $35M

citruspay.comCitrus Pay

(2011, Mumbai)

Payment gateway and mobile walletSequoia Capital, 91springboard, Ascent Capital, Beenos, Econtext Asia, Beenext

Payments > Gateway $32.5M

suvidhaa.comSuvidhaa

(2007, Mumbai)

Payment services through retail outlets and mobile appIFC, Norwest Venture Partners, Mitsui, Reliance Venture Asset Management

Payments > Service Aggregators $25M

infrasofttech.comInfrasoft Technologies

(1995, Mumbai)

Software solutions provider for financial enterprisesBaring Private Equity Asia

Banking Tech > Software Solutions > Horizontal

$24.8M

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Fintech India Report – October 201664

Interesting Late Stage Companies

Company Overview Business ModelTotal

Funding

pinelabs.comPine Labs

(1998, Noida)

POS Payment processing solutions providerSequoia Capital, New Atlantic Ventures

Payments > PoS $20M

fundsindia.comFundsIndia

(2009, Chennai)

Online investment platform for mutual funds & other financial productsInventus Capital Partners, Foundation Capital, Faering Capital

Investment Tech > Public Market Investing > Advisory > Robo Advisor

$15.41M

transerv.co.inTranserv

(2011, Mumbai)

Digital payments solution providerMicromax Informatics, Nirvana Ventures Advisors, Faering Capital, IDFC Mutual Fund

Payments > Gateway $15M

myuniverse.co.inMyUniverse

(2012, Mumbai)

Web & mobile based personal finance management platformIFC

Investment Tech > Public Market Investing > Advisory > Robo Advisor

$9.7M

billdesk.comBilldesk

(2000, Mumbai)

Payment gatewaySBI, General Atlantic, TA Associates, Bank of Baroda, Clearstone Venture Partners, SIDBI Venture Capital, March Capital Partners

Payments > Gateway $7.5M

innoviti.comInnoviti

(2002, Bangalore)

Online platform offering real-time credit distribution & payments automationTata Capital, Catamaran Ventures, Gravitas Financial

Payments > PoS $6.6M

eko.co.inEko

(2007, Delhi)

Branchless Mobile BankingUM Social Venture Fund, Promus Equity Partners

Banking Tech > Banking Correspondent

$5.5M

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Fintech India Report – October 201665

Funded Deadpooled Companies

Company Overview Business ModelTotal

Funding

investopresto.comInvestopresto

(2009, Hyderabad)

Investment Portal for Indian investors. (Deadpooled)Crystal Horse Investments

Investment Tech > Public Market Investing > Content

$296K

getsquarefeet.comGetSquareFeet

(2014, Bangalore)

Data-driven investment platform for real estate investors Investment Tech > Private Market Investing > Real Estate

$100K

finrek.comFinrek

(2014, Jaipur)

Online marketplace for loan offers Lending > Enabler > Lead Generation > Loan Comparison

$50K

thetradestreet.comTradeStreet

(2012, Bangalore)

Social network for stock traders and analystsGSF India

Investment Tech > Public Market Investing > Trading Platform > Online Stock Trading Platform > Social Trading

Undisclosed

instakash.inInstaKash

(2014, Bangalore)

SMB lending platform for terms loans and automobilesLending > Commercial Loans > B2C Marketplace Undisclosed

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Fintech India Report – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Consumer Fintech Evolution

Interesting Companies

Useful Links

Company List

Team

66

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Fintech India Report – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Consumer Fintech Evolution

Interesting Companies

Useful Links

Company List

Team

68

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Fintech India – Company List

Mobile Payments

Payments Lending Banking Tech Insurance TechSoftware for Institutional

Investors

Investment Tech

Consumer Finance

Enterprise Finance

Forex Cryptocurrency Crowdfunding

230 FUNDED COMPANIES AND 1045 UNFUNDED COMPANIES

COVERS THE FOLLOWING SECTORS

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Mobile Payments (1/22)Company Overview Business Model Total Funding

Happi-Pay(2016, Hyderabad)

Online payment solution for local merchants

Fedelis(2015, Gurgaon)

Real time mobile payment system

AppSperts(2011, Mumbai)

Payments solution providers

Mopaso(2014, Mumbai)

Carrier billing and storefront creationDirect Carrier Billing

iPayy(2013, Bangalore)

Micro-payment solution for digital goods using mobile carrier billing.Direct Carrier Billing

Paychamp(2013, Noida)

Mobile payment service charging users through operator billingDirect Carrier Billing

JunoTele(2011, Bangalore)

Real-time Carrier Billing PlatformDirect Carrier Billing

QubeCell(2012, Mumbai)

Mobile Billing AggregatorMumbai Angels, Kae Capital, TA Ventures, Blume Ventures Direct Carrier Billing

Go to BM List >> Payments

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Fintech India Report – October 201671

Mobile Payments (2/22)Company Overview Business Model Total Funding

GiftMate(2006, Mumbai)

Mobile money voucher gifting serviceGifting

Chillr(2014, Mumbai)

Smartphone application for P2P money transactionsSequoia Capital, Mobme, Blume Ventures Money Transfer $8M

NumberMall(2012, Hyderabad)

Mobile payments platformSRI Capital Money Transfer $1M

Payio(2016, Hyderabad)

Money transfer appMoney Transfer

Bille(2015, Delhi)

Mobile app for paying bills at restaurantsMoney Transfer

NoKards(2016, Pune)

Money transfer appMoney Transfer

Finmo(2015, Delhi)

Money transfer appMoney Transfer

Click&Pay(2015, Hyderabad)

Card linked mobile payment and money transfer appMoney Transfer

Go to BM List >> Payments

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Fintech India Report – October 201672

Mobile Payments (3/22)Company Overview Business Model Total Funding

Alpha Pay(2016, Mumbai)

App for merchant payments and peer-to-peer money transferMoney Transfer

Flashpay(2015, Chennai)

Payment app for online and offline transactionsMoney Transfer

ScrewCash(2015, Delhi)

Mobile payment appMoney Transfer

Shash(2016, Surat)

Mobile payments company in stealth modeMoney Transfer

Eswipe(2013, Kolkata)

Money transfer platformMoney Transfer

Track N Pay(2015, Bangalore)

Mobile invoicing and payment companyMoney Transfer

Payjaldi(2015, Bangalore)

SMS based payment platformMoney Transfer

OTap(2015, Mumbai)

Mobile payments company in stealth modeMoney Transfer

Go to BM List >> Payments

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Fintech India Report – October 201673

Mobile Payments (4/22)Company Overview Business Model Total Funding

Paynimo(2015, Mumbai)

Mobile-first Payment PlatformMoney Transfer

fonePaisa(2014, Bangalore)

Mobile app for payments at online and offline retail storesMoney Transfer

FastChek(2015, Delhi)

Mobile payments company in stealth modeMoney Transfer

Scan N Pay(2014, Aluva)

Mobile based payment applicationMoney Transfer

Spring Pay(2015, Mumbai)

Universal mobile payment applicationMoney Transfer

KayPay - Kotak Mahindra Bank(2015, Mumbai)

Mobile payments application by Kotak Mahindra BankMoney Transfer

PingPay - Axis Bank(2015, Mumbai)

Mobile payments application by Axis BankMoney Transfer

Mowa(2015, Bangalore)

Social & Merchant Mobile PaymentsMoney Transfer

Go to BM List >> Payments

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Fintech India Report – October 201674

Mobile Payments (5/22)Company Overview Business Model Total Funding

SRSPAY(2015, Bangalore)

Mobile payment serviceMoney Transfer

YTS(2013, Mumbai)

Mobile prepaid payment solutionsMoney Transfer

Qarth(2012, Chennai)

Interbank mobile payment service on mobileMoney Transfer

Simpel(2014, Mumbai)

Payments app for home deliveriesMoney Transfer

ftcash(2016, Mumbai)

Mobile Payments platform for retailersIvyCap Ventures Advisors Money Transfer > Aggregator $148K

Walleto(2015, Coimbatore)

Mobile wallet application to pay at restaurants and retail storesMoney Transfer > Aggregator

Paylo(2015, Delhi)

Offline payments platformMoney Transfer > Aggregator

UnoPay(2015, Bangalore)

Wallet payment aggregatorMoney Transfer > Aggregator

Go to BM List >> Payments

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Mobile Payments (6/22)Company Overview Business Model Total Funding

Tingpay(2015, Bangalore)

Point of sale payment solutions companyMoney Transfer > Aggregator

BluPay(2016, Bangalore)

Proximity payments appExcubator

Money Transfer > Proximity Payments

MoboMoney(2013, Noida)

NFC enabled mobile application based walletMoney Transfer > Proximity Payments

Touch N Pay(2015, Hyderabad)

Mpos payment app using biometric scannerMoney Transfer > Proximity Payments > Biometric

Coinn(2015, Mumbai)

App enabling payments via bluetoothMoney Transfer > Proximity Payments > Bluetooth

Changer Mints(2013, Bangalore)

NFC based mobile payments at offline storesMoney Transfer > Proximity Payments > NFC

$166K

NoCoinz(2015, Gurgaon)

NFC based wallet for micropaymentsMoney Transfer > Proximity Payments > NFC

iKaaz(2012, Bangalore)

NFC based mPOSMoney Transfer > Proximity Payments > NFC

Go to BM List >> Payments

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Fintech India Report – October 201676

Mobile Payments (7/22)Company Overview Business Model Total Funding

Wish2pay(2015, Bangalore)

Offline merchant payment appMoney Transfer > Proximity Payments > QR

Zup(2016, Hyderabad)

Mobile application for cashless transactions at storesMoney Transfer > Proximity Payments > QR

Paymint(2016, Chennai)

Offline payments appMoney Transfer > Proximity Payments > QR

Whizzbuy(2015, Mumbai)

Self checkout mobile app.Money Transfer > Proximity Payments > QR

Tapiko(2015, Kochi)

Mobile payment app in stealth modeMoney Transfer > Proximity Payments > QR

Flipay(2015, Alappuzha)

QR based mobile paymentsMoney Transfer > Proximity Payments > QR

Pless(2015, Delhi)

QR based payment appMoney Transfer > Proximity Payments > QR

ToneTag(2014, Bangalore)

Contactless payments using sound waves and NFCReliance Venture Asset Management

Money Transfer > Proximity Payments > Sound Waves

$1M

Go to BM List >> Payments

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Mobile Payments (8/22)Company Overview Business Model Total Funding

UltraCash(2014, Bangalore)

High frequency sound based money transfer companyMoney Transfer > Proximity Payments > Sound Waves

EZIPAY(2015, Tiruchirappalli)

SMS based money transfer servicesMoney Transfer > SMS

Finmo(2016, Delhi)

UPI based mobile payments appMoney Transfer > UPI

PhonePe(2015, Bangalore)

UPI based payment appMoney Transfer > UPI

Trupay(2015, Gurgaon)

UPI-based money transfer and payments service providerMoney Transfer > UPI

Empays Payment Systems(2012, Mumbai)

Mobile Based Instant Money TransferTechnology

MPower Softcomm(2013, Gurgaon)

Mobile payments solutions and technologiesTechnology

Arttha Mobile Payments & Banking

(2011, Noida)

Mobile Payments Processing engine

Technology

Go to BM List >> Payments

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Fintech India Report – October 201678

Mobile Payments (9/22)Company Overview Business Model Total Funding

Davinta(2014, Bangalore)

Mobile Payments PlatformTechnology

ModeFinServer(2010, Bangalore)

Mobile Banking, Commerce and Payment Solution ProviderTechnology

Zessta Software(2011, Hyderabad)

Payments, loyalty and coupon programsTechnology

xpWallet(2011, Delhi)

Mobile wallet, banking, payments and Commerce solutionsTechnology

mFino(2009, Hyderabad)

Mobile financial servicesTechnology

veritytech(2000, Bangalore)

Mobile Payment Transaction AuthenticationTechnology

Movida India(2011, Mumbai)

Mobile payment platform for mobile operators and financial institutions Technology

JusPay(2012, Bangalore)

Digital payments gateway for eCommerce merchantsAccel Partners Technology > Checkout $5.9M

Go to BM List >> Payments

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Fintech India Report – October 201679

Mobile Payments (10/22)Company Overview Business Model Total Funding

State Bank Buddy(2015, Mumbai)

SBI's mobile walletWallet

I-MADE(2016, Bangalore)

Wallet app for studentsWallet

Penny Partners(2014, Mumbai)

Multi- currency walletWallet

Paysae(2015, Pune)

Mobile wallet for transactionsWallet

Qlots(2014, Bangalore)

Mobile wallet to recharge and pay at online retailersWallet

Lioncode Technologies(2016, Bangalore)

Mobile payments company in stealth modeWallet

Smart Paisa Wallet(2008, Delhi)

Integrated mobile walletWallet

Esevaworld Services(2015, Hyderabad)

Pre-paid payment wallet companyWallet

Go to BM List >> Payments

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Fintech India Report – October 201680

Mobile Payments (11/22)Company Overview Business Model Total Funding

Billfold(2015, Bangalore)

Mobile wallet payment applicationWallet

Mobi Wallet Payment Systems(2010, Delhi)

Mobile Money Order and Semi Closed Wallet companyWallet

MobileGullak(2012, Bangalore)

Loose-change solutions for offline retailersWallet

MyPoolin(2014, Delhi)

Online platform for money poolingAccel Partners, Qualcomm Ventures Wallet > Group Payments $250k

Lykke(2015, Mumbai)

Social platform for sharing payments between friends and family.Wallet > Group Payments

Grinions(2016, Bangalore)

Group collection and payment appWallet > Group Payments

Contree(2015, Noida)

Money pooling app.Wallet > Group Payments

Paysay(2015, Bangalore)

Social payment appAxilor Ventures Wallet > Group Payments

Go to BM List >> Payments

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Fintech India Report – October 201681

Mobile Payments (12/22)Company Overview Business Model Total Funding

SocietyPay(2015, Mumbai)

Society payments solutions providerWallet > Group Payments

SplitKart(2014, Delhi)

Mobile app for splitting bills and making paymentsWallet > Group Payments

PoolWallet(2015, Delhi)

Money pooling based mobile appWallet > Group Payments

Bash(2014, Bangalore)

Smartphone app to split bill payments & track expenses in real timeWallet > Group Payments

Vodafone m-pesa(2014, Gurgaon)

Open wallet systemWallet > Open System

Speedpay Plus(2014, Hyderabad)

Open wallet systemWallet > Open System

Lime(2015, Mumbai)

Mobile app open system wallet with a prepaid cardWallet > Open System

UnPin(2013, Gurgaon)

Mobile first wallet + zero value card that can be authorized only by owner Wallet > Open System

Go to BM List >> Payments

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Fintech India Report – October 201682

Mobile Payments (13/22)Company Overview Business Model Total Funding

MobiCash(2010, Mumbai)

Mobile payment solution and other financial servicesWallet > Open System

Novopay(2014, Bangalore)

Bank sponsored walletKhosla Labs Wallet > Open System

Paytm(2010, Noida)

Mobile wallet, e-commerce platform and payments bankHDFC Bank, ICICI Bank, SAIF Partners, Saama Capital, Silicon Valley Bank, Reliance Capital, Alibaba Group, MediaTek

Wallet > Semi-Closed System $950M

MobiKwik(2009, Gurgaon)

Mobile wallet, recharge, bill paymentsAmerican Express, Sequoia Capital, GMO, MediaTek, NET1, Cisco Investments, Tree Line Investment Management, InnoVen Capital

Wallet > Semi-Closed System 126.91M

FreeCharge(2010, Mumbai)

Platform for recharges, bill payments and payment processingSequoia Capital, Sofina, ruNet, Tandon Group, Tybourne Capital Management, InnoVen Capital

Wallet > Semi-Closed System $116.94M

MoneyOnMobile(2010, Mumbai)

Mobile wallet, recharge and paymentsCalpian Wallet > Semi-Closed System $29.7M

The Mobile Wallet(2015, Mumbai)

Mobile wallet providerWallet > Semi-Closed System $5M

Bonfleet(2016, Pune)

Payment and expense management as gas stations.Wallet > Semi-Closed System

Go to BM List >> Payments

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Fintech India Report – October 201683

Mobile Payments (14/22)Company Overview Business Model Total Funding

EezeePay(2015, Hyderabad)

Online platform for mobile recharge and utility payments.Wallet > Semi-Closed System

Plento(2015, Bangalore)

Mobile wallet for college studentsWallet > Semi-Closed System

Pay Point India Network(2007, Mumbai)

Merchant app for offering wide range of recharge servicesWallet > Semi-Closed System

Paykro(2016, Delhi)

Mobile app to pay and collect loose change for offline transactionsWallet > Semi-Closed System

SPOT(2015, Hyderabad)

Wallet for recharges and bill paymentsWallet > Semi-Closed System

PaulMoney(2015, Chandigarh)

RBI licensed walletWallet > Semi-Closed System

One Wallet(2015, Mumbai)

Bill payment mobile app provider.Wallet > Semi-Closed System

OLA Money(2015, Bangalore)

Mobile wallet powered by OlaWallet > Semi-Closed System

Go to BM List >> Payments

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Fintech India Report – October 201684

Mobile Payments (15/22)Company Overview Business Model Total Funding

Orange Money(2015, Noida)

Wallet for paymentsWallet > Semi-Closed System

X-Pay(2009, Bangalore)

Wallet service by UAE Exchange & Financial ServicesWallet > Semi-Closed System

Piggiebiggie(2015, Pune)

Digital wallet for loose changeWallet > Semi-Closed System

Oynk(2015, Chennai)

Wallet for sending and accepting micro paymentsWallet > Semi-Closed System

PayPointZ(2012, Mumbai)

Prepaid payment instrumentWallet > Semi-Closed System

Idea Money(2014, Mumbai)

Semi closed mobile walletWallet > Semi-Closed System

My Paysa(2015, Mumbai)

Semi-closed smartphone mobile wallet app.Wallet > Semi-Closed System

Airtel Money(2010, Gurgaon)

RBI-authorized payment serviceWallet > Semi-Closed System

Go to BM List >> Payments

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Fintech India Report – October 201685

Mobile Payments (16/22)Company Overview Business Model Total Funding

My Mobile Payment(2010, Mumbai)

Mobile wallet payment service provider.Wallet > Semi-Closed System

Ongo Wallet(2012, Mumbai)

Closed wallet for money transfer and bill paymentsWallet > Semi-Closed System

FX Money(2013, Mohali)

Semi-closed system for paymentsWallet > Semi-Closed System

mPurse Services(2007, Delhi)

A semi closed wallet companyWallet > Semi-Closed System

PayIOO(2015, Noida)

QR code based payment solutionWallet > Semi-Closed System

HotRemit(2007, Hyderabad)

Digital wallet based social and mobile applicationWallet > Semi-Closed System

SwiftPay(2015, Mumbai)

Mobile payment platform for local vendorsWallet > Semi-Closed System

Payoye(2015, Noida)

Mobile based unified payment platform building a cash card contact less solution Wallet > Semi-Closed System

Go to BM List >> Payments

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Fintech India Report – October 201686

Mobile Payments (17/22)Company Overview Business Model Total Funding

PayQwik(2014, Bangalore)

Mobile payment service with walletWallet > Semi-Closed System

S2Pay(2010, Mumbai)

Mobile wallet application for paymentsWallet > Semi-Closed System

BestMobilePay(2014, Bangalore)

Mobile Wallet for TransactionsWallet > Semi-Closed System

Papaya(2012, Hyderabad)

Mobile app for store payments and money transfersWallet > Semi-Closed System

Cibola(2013, Delhi)

Mobile app for transactionsWallet > Semi-Closed System

Oxigen Wallet(2008, Gurgaon)

Prepaid mWallet for consumers to shop and make money transfersWallet > Semi-Closed System

YPayCash(2011, Bangalore)

Prepaid Mobile Wallet service in IndiaWallet > Semi-Closed System

Zipcash(2007, Mumbai)

Mobile wallet service for IndiaWallet > Semi-Closed System

Go to BM List >> Payments

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Fintech India Report – October 201687

Mobile Payments (18/22)Company Overview Business Model Total Funding

Eashmart(2012, Delhi)

Mobile payments solutionsCIIE Wallet > Semi-Closed System

Quikwallet(2012, Mumbai)

Mobile Wallet App for Payments at RestaurantsSnow Leopard Ventures

Wallet > Semi-Closed System > Lifestyle

$2.1M

Momoe(2014, Bangalore)

Mobile wallet for payments at offline storesJungle Ventures, IDG Ventures India, India Quotient

Wallet > Semi-Closed System > Lifestyle

$1.2M

Pointshelf(2012, Mumbai)

Mobile payments and wallet based lifestyle appWallet > Semi-Closed System > Lifestyle

$50k

Froogal(2014, Hyderabad)

Loyalty app to discover and make payments and outletsWallet > Semi-Closed System > Lifestyle

Ruepay(2015, Hyderabad)

Payment solutions for restaurant and barsWallet > Semi-Closed System > Lifestyle

Transferret(2015, Mumbai)

Mobile wallet application for retail outletsWallet > Semi-Closed System > Lifestyle

Binge(2014, Bangalore)

Mobile Wallets for bars and restaurantsWallet > Semi-Closed System > Lifestyle

Go to BM List >> Payments

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Fintech India Report – October 201688

Mobile Payments (19/22)Company Overview Business Model Total Funding

Ruplee(2014, Gurgaon)

Mobile app to make payments at restaurantsWallet > Semi-Closed System > Lifestyle

Smartpocket(2013, Bangalore)

Mobile wallet to manage loyalty credits for offline storesSol Primero

Wallet > Semi-Closed System > Loyalty

$240k

Atomx(2012, Pune)

Electronic wallet harnessing NFC technologyWallet > Semi-Closed System > NFC > Wearable

Udio Wallet(2015, Mumbai)

Mobile wallet with a visa cardWallet > Semi-Open System

Spenwise(2015, Kochi)

Prepaid debit card for youthWallet > Semi-Open System

Slonkit(2015, Mumbai)

Internet enabled prepaid card and wallet targeted at teenagers & students Wallet > Semi-Open System

Shmart(2011, Mumbai)

Platform for online and web paymentsWallet > Semi-Open System

Payaum(2015, Kolkata)

White label apps for SMBsWallet > White Label

Go to BM List >> Payments

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Fintech India Report – October 201689

Mobile Payments (20/22)Company Overview Business Model Total Funding

Telennium Solutions(2013, Hyderabad)

Technology solutions provider for online transactionsWallet > White Label

Paynguin(2015, Hyderabad)

White label payments platformWhite Label

Ezetap(2011, Bangalore)

Device for merchants to accept card and wallet paymentsAmerican Express, Helion Venture Partners, Horizons Ventures, S23P, Capricorn, Berggruen, Social Capital, Prime Venture Partners

mPOS $35M

Mosambee (2012, Mumbai)

EMV enabled comprehensive mPOS systemSIDBI Venture Capital, Rajasthan Venture Capital Fund mPOS $1M

Sai FinTex(2016, Noida)

Upcoming Fintech company in IndiamPOS

Aasaanpay(2011, Hyderabad)

Mobile Card PaymentsmPOS

PayPos(2012, Mumbai)

mPOS service provider.mPOS

Mswipe(2009, Mumbai)

POS merchant acquirer & network providerOla, Axis Bank, Matrix Partners India, DSG Consumer Partners, Meru Kapital, Falcon Edge Capital

mPOS > Card Payments $35M

Go to BM List >> Payments

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Fintech India Report – October 201690

Mobile Payments (21/22)Company Overview Business Model Total Funding

Paynear(2013, Hyderabad)

mPOS solutions providermPOS > Card Payments $2.5M

ePaisa(2011, Mumbai)

POS Software & Payments SolutionmPOS > Card Payments $1.65M

SIMPAL Mobile Payments(2016, Mumbai)

POS and e-KYC platformmPOS > Card Payments

Bijlipay(2012, Chennai)

Online card payment and POS payment solutions to businessesmPOS > Card Payments

Estel Technologies(1997, Gurgaon)

White label mPoS solutions providermPOS > Card Payments

India Transact Services(2012, Mumbai)

end-to-end mPoS transaction processingmPOS > Card Payments

CocoaPay(2015, Bangalore)

Mobile app that enables merchants to accept card paymentsmPOS > Card Payments

EzSwype(2013, Gurgaon)

Mobile based POS solutionmPOS > Card Payments

Go to BM List >> Payments

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Fintech India Report – October 201691

Mobile Payments (22/22)Company Overview Business Model Total Funding

MRLpay(2012, Hyderabad)

Mobile POS and transaction data management solutionsmPOS > Card Payments

MobiSwipe(2011, Mumbai)

Mobile POS payment service.One97 Communications mPOS > Card Payments

Circle It Up(2012, Mumbai)

Mobile PoS provider.mPOS > Card Payments

Go to BM List >> Payments

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Fintech India Report – October 201692

Payments (1/13)Company Overview Business Model Total Funding

Prizm Payment Services(2008, Chennai)

Electronic Payment Service ProviderSequoia Capital, Saama Capital, Westbridge Capital $15M

Epzeta(2015, Bangalore)

Stealth mode payments startup

Paykaro(2016, Bangalore)

Payments startup in stealth mode

GI Technology(2005, Chennai)

Prepaid Card and payment solutions provider

KhaaliJeb(2015, Bangalore)

Stealth Mode : Payments solution

M2P(2014, Mumbai)

Payment solutions tool

PayMate(2006, Mumbai)

B2B Payments platformMayfield, KPCB, Sherpalo Ventures, Lightbox Ventures B2B Payments $14M

PayMate Xpress(2014, Mumbai)

B2B Payments platformB2B Payments

Mobile Payments << Go to BM List >> Lending

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Fintech India Report – October 201693

Payments (2/13)Company Overview Business Model Total Funding

Yeldi(2012, Chennai)

NFC based Payment CardCards

Youth Card(2013, Delhi)

Visa enabled payment cardsCards

iLoyalty(2013, Pune)

Online portal for loyalty and rewards management from local merchants Cards > Loyalty Cards

ItzCash(2006, Mumbai)

Multi Purpose Prepaid Cash CardLightspeed Venture Partners, Matrix Partners India, Intel Capital Cards > Pre-Paid Cards $50.6M

Chillar(2013, Ernakulam)

Reloadable smart cardsCards > Pre-Paid Cards

eZspend Prepaid Solutions(2014, Gurgaon)

Recharge, prepaid and bank transfer solutions.Cards > Pre-Paid Cards

Borderless Prepaid(2011, Mumbai)

Multi-currency prepaid cardCards > Pre-Paid Cards

iCashcard(2010, Chennai)

Semi-closed loop prepaid wallet with prepaid cardCards > Pre-Paid Cards

Mobile Payments << Go to BM List >> Lending

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Fintech India Report – October 201694

Payments (3/13)Company Overview Business Model Total Funding

Park Easy(2015, Delhi)

Prepaid rechargeable tag/card for parkingCards > Pre-Paid Cards

UniCard(2014, Bangalore)

Mobile enabled cash cardCards > Pre-Paid Cards

PayCash(2010, Delhi)

Prepaid card for mobile recharges & paymentsCards > Pre-Paid Cards

OnUs Payments(2010, Bangalore)

eWallet for cashless payment services in closed loop economiesCards > Pre-Paid Cards

QwikCilver(2008, Bangalore)

Multi-brand gift card store and B2B backend technology providerAmazon India, Accel Partners, Helion Venture Partners, Sistema

Cards > Pre-Paid Cards > Gift Cards

$20M

Woohoo(2013, Bangalore)

Mobile e-wallet and gifting card aggregatorCards > Pre-Paid Cards > Gift Cards

Nuekoz(2015, Kochi)

Platform for payments using mobile application and RFID smart cardCards > Pre-Paid Cards > Smart Cards

Card Pro Solutions(1989, Mumbai)

Manufacturer of pre-paid and smart cardsCards > Pre-Paid Cards > Smart Cards

Mobile Payments << Go to BM List >> Lending

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Fintech India Report – October 201695

Payments (4/13)Company Overview Business Model Total Funding

Gharpay(2011, Hyderabad)

Offline cash collection networkSequoia Capital, Kae Capital, Blume Ventures Cash Collection

Kyash(2012, Bangalore)

Payment gateway for merchants to collect cash paymentsCash Collection

Citrus Pay(2011, Mumbai)

Payment gateway and mobile walletSequoia Capital, 91springboard, Ascent Capital, Beenos, Econtext Asia, Beenext

Gateway $32.5M

Transerv(2011, Mumbai)

Digital payments solution providerMicromax Informatics, Nirvana Ventures Advisors, Faering Capital, IDFC Mutual Fund

Gateway $15M

Razorpay(2014, Bangalore)

Payment gateway solutionsY Combinator, Matrix Partners India, MasterCard, Tiger Global Management, GMO Venture Partners

Gateway $11.5M

Billdesk(2000, Mumbai)

Payment gatewaySBI, General Atlantic, TA Associates, Bank of Baroda, ClearstoneVenture Partners, SIDBI Venture Capital, March Capital Partners

Gateway $7.5M

TechProcess Payment Services(2000, Mumbai)

Online payment processing solutions providerGreylock Partners, Battery Ventures, Nokia Growth Partners, W Capital Partners, ICICI Venture

Gateway $2.94M

ZaakPay(2010, Delhi)

In-App payments gatewayGateway $1M

Mobile Payments << Go to BM List >> Lending

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Fintech India Report – October 201696

Payments (5/13)Company Overview Business Model Total Funding

Concerto(2008, Mumbai)

Software and solutions for electronic payments.Bay Partners Gateway

Wibmo(1999, Bangalore)

Mobile payments solutions providerAccel Partners, Intel Capital, Footprint Ventures Gateway

Swipez(2014, Pune)

Billing & payments platform for businessesGateway

PayUMoney(2011, Gurgaon)

Payment gateway solutions to merchants and SMBsGateway

QPay India(2013, Chennai)

Digital payments and online checkout solutionsGateway

Danamojo(2015, Mumbai)

Payment solution and gateway for NGOsGateway

PayUbiz(2011, Gurgaon)

Payment gateway providerGateway

Pay with Paytm(2012, Delhi)

Payment Gateway by PaytmGateway

Mobile Payments << Go to BM List >> Lending

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Fintech India Report – October 201697

Payments (6/13)Company Overview Business Model Total Funding

KlickPay(2013, Gurgaon)

Payment gateway by SnapdealGateway

State Bank of India ePay(2014, Mumbai)

Payment gateway by SBIGateway

Paytm Payments(2009, Noida)

Online payment gateway and mobile walletGateway

Appnit Technologies(2014, Noida)

Payment gateway solutionGateway

Transaction Analysts(2011, Bangalore)

Payment system solutions like switching and prepaid cardsGateway

TetraMent Software Pvt Ltd(2015, Chennai)

Online payment solutions for local businessesGateway

CashFree(2015, Bangalore)

Plug-n-play APIs for payments and bankingGateway

Newgen(2014, Delhi)

Payment Gateway solution and end-to-end ecommerce store builder.Gateway

Mobile Payments << Go to BM List >> Lending

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Fintech India Report – October 201698

Payments (7/13)Company Overview Business Model Total Funding

paymentz(2012, Mumbai)

Online payment gatewayGateway

Airpay(2012, Mumbai)

Payment gateway solutions.Gateway

Transecute(2001, Mumbai)

Online payment solution provider to merchants for accepting paymentsGateway

Payd(2013, Kochi)

India's Free & Instant Payment System • Incubated in Startup Village, Cochin Gateway

Emvantage(2012, Delhi)

Online payment gateway solutionGateway

Atom Technologies(2006, Mumbai)

Payment Gateway, Mobile banking, Prepaid cards, PoSGateway

Direcpay(2008, Mumbai)

Payment Gateway through internet and IVRSGateway

EBS(2005, Chennai)

Payment Gateway CompanyGateway

Mobile Payments << Go to BM List >> Lending

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Fintech India Report – October 201699

Payments (8/13)Company Overview Business Model Total Funding

CCAvenue(2001, Mumbai)

Merchant Account, Credit Card Processing & Payment GatewayGateway

PayZippy(2013, Bangalore)

Flipkart payment gateway and wallet serviceGateway

mYwindow(2012, Nagpur)

Selling platform for digital productsGateway > Embedded Payments

$65k

FBPay(2013, Delhi)

ePayments platform for Facebook eventsGateway > Embedded Payments

SellMojo(2013, Mumbai)

SaaS based social commerce platform and online marketplaceGateway > Embedded Payments

Instamojo(2012, Bangalore)

Collect Payments by just sharing a linkKalaari, 500 Startups, SternFisher, Blume Ventures

Gateway > Embedded Payments

Zwitch(2013, Bangalore)

On site/app payment processingGateway > Embedded Payments

Contest Payments(2010, Noida)

e-commerce payment processing solutionsGateway > International

Mobile Payments << Go to BM List >> Lending

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Fintech India Report – October 2016100

Payments (9/13)Company Overview Business Model Total Funding

HighRisk Gateways(2011, Noida)

High risk payment gateway & Virtual TerminalGateway > International

Unipay(2008, Delhi)

Manufacturer and operator of payment kiosksKiosk

Cashfer(2014, Mumbai)

Money transfer appMoney Transfer

PayDeck(2015, Kolkata)

Money transfer platformMoney Transfer

PayUmoney POS(2016, Gurgaon)

POS system by PayUPoS

Pine Labs(1998, Noida)

Payment TechnologiesSequoia Capital, New Atlantic Ventures PoS Payment Processing $20M

Innoviti(2002, Bangalore)

Online platform offering real-time credit distribution & payments automationTata Capital, Catamaran Ventures, Gravitas Financial

PoS Payment Processing $6.6M

In-Solutions Global(1988, Mumbai)

Payment solutions providerPoS Payment Processing

Mobile Payments << Go to BM List >> Lending

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Fintech India Report – October 2016101

Payments (10/13)Company Overview Business Model Total Funding

Hitachi Payment Services(2008, Mumbai)

POS payment processing and White Label ATM solutions providerPoS Payment Processing

Tarang(2000, Bangalore)

Electronic payments solution provider to banks and retail storesSequoia Capital, Westbridge Capital, GIV Management PoS Payment Processing $5.5.M

Financial Software Systems(1991, Chennai)

Provider of electronic payment & financial transaction processing solutionsNEA, Jacob Ballas Capital, The Carlyle Group

Processor $70M

Venture Infotek(1997, Mumbai)

Transaction processing and payment solutionsKubera Partners, GIV Management, Kubera Cross-Border Fund Processor $20M

FortunePay(2011, Bangalore)

e-Payments Services in IndiaBessemer Venture Partners, GrowX Ventures, Mumbai Angels, Kae Capital

Processor $1M

Excelsior Payment(2015, Delhi)

Provides credit card processing services.Processor

ElectraCard Services(2006, Pune)

Third-party payment services providerProcessor

Bill Cloud(2013, Pune)

Platform for enterprises to collect bills from customers through offline & online channels Recurring Billing

Mobile Payments << Go to BM List >> Lending

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Fintech India Report – October 2016102

Payments (11/13)Company Overview Business Model Total Funding

Bill Junction(2000, Mumbai)

Online platform enabling individual and corporate bill paymentsRecurring Billing

Remitr(2014, Mumbai)

Online platform simplifying cross border money transferSmartStartFund, Singapore Angel Network Remittances $1M

VayuPay(2015, Lucknow)

Online remittance platformRemittances

EzyRemit(2015, Bangalore)

Peer to Peer remittanceRemittances

Klinnk(2009, Mumbai)

Online money transfer service to Bangladesh, SL and PhilippinesRemittances

Remit2India(2001, Mumbai)

Online money transfer service to India for NRIsRemittances

RemitGuru(2012, Mumbai)

Money Transfer to IndiaRemittances

TimesOfMoney(2000, Mumbai)

Cross-Border Digital Payment & RemittanceRemittances

Mobile Payments << Go to BM List >> Lending

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Fintech India Report – October 2016103

Payments (12/13)Company Overview Business Model Total Funding

FxMart(2013, Delhi)

Electronic payments, remittances and forex based marketplaceRemittances

RemitIQ(2015, Bangalore)

Platform to compare money transfer servicesRemittances > Comparison

Oxigen(2004, Gurgaon)

Payment collection solution provider and service distributorMicrosoft, Citi Service Aggregators $46.5M

Suvidhaa(2007, Mumbai)

Payment services through retail outlets and mobile appIFC, Norwest Venture Partners, Mitsui, Reliance Venture Asset Management

Service Aggregators $25M

Payism(2009, Bangalore)

Commerce platform for all payment solutions.Service Aggregators

Paytronic Network(2007, Mumbai)

Platform enabling businesses to offer recharge servicesService Aggregators

TheSmartShop(2006, Chennai)

Platform enabling merchants to offer e-commerce servicesService Aggregators

Payworld(2006, Gurgaon)

Electronic Voucher Distribution SystemService Aggregators

Mobile Payments << Go to BM List >> Lending

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Fintech India Report – October 2016104

Payments (13/13)Company Overview Business Model Total Funding

Easy Pay(2014, Ahmedabad)

POS-based payment solution providerService Aggregators

Go Processing(2009, Delhi)

Payment processing solutions and payment services for businessesService Aggregators

Bluechip Fintech Solutions & Innovations

(2013, Mumbai)

Payment transactions solutions provider

Technology

Lastmile(2015, Hyderabad)

Platform for last mile payments managementTechnology

Pintrax(2015, Gurgaon)

Online escrow service providerTechnology > Escrow Services

TrustAvenue(2009, Mumbai)

Online risk management service providerTechnology > Fraud management

Cashkart(2014, Bangalore)

eWallet that allows users to send, request and accept moneyWallets > Semi Open System

Mobile Payments << Go to BM List >> Lending

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Lending (1/25)Company Overview Business Model Total Funding

NDSS(2016, Delhi)

Online lending marketplace

Lendvest(2015, Bangalore)

Lending startup in stealth mode

Goldbug(2016, Delhi)

Loan origination platform

CoinTribe(2015, Delhi)

Business and personal loan platformB2C Marketplace $3M

Capzest(2015, Mumbai)

Unsecured personal and business loan marketplacehttp://lionventures.in/ B2C Marketplace $200k

NeedCash(2016, Chennai)

Online lending marketplace platformB2C Marketplace

UdyogCredit(2016, Mumbai)

SME Lending marketplaceCommercial Loans > B2C Marketplace

Novoloans(2016, Mumbai)

Micro-lending marketplaceCommercial Loans > B2C Marketplace

Payments << Go to BM List >> Banking Tech

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Lending (2/25)Company Overview Business Model Total Funding

Finnxt(2015, Mumbai)

SMB lending marketplaceCommercial Loans > B2C Marketplace

Loans4SME(2015, Mumbai)

Debt syndicate platform for SME financingCommercial Loans > B2C Marketplace

Flexiloans(2016, Mumbai)

SMB lending marketplaceCommercial Loans > B2C Marketplace

Loan Frame(2015, Mumbai)

SME lending marketplaceVedanta Capital

Commercial Loans > B2C Marketplace

FundsTiger(2016, Bangalore)

Marketplace for SMB financingCommercial Loans > B2C Marketplace

Market Finance India(2015, Bangalore)

B2C marketplace for commercial loansCommercial Loans > B2C Marketplace

Biz2Credit(2011, Noida)

Marketplace for SME loansCommercial Loans > B2C Marketplace

Loansetu(2015, Delhi)

Marketplace Connecting Borrowers and LendersCommercial Loans > B2C Marketplace

Payments << Go to BM List >> Banking Tech

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Lending (3/25)Company Overview Business Model Total Funding

LoanXpress(2014, Mumbai)

Loan services to SMEsCommercial Loans > B2C Marketplace

LoanKuber(2015, Delhi)

Marketplace for SME LoansCommercial Loans > B2C Marketplace

SMELending(2015, Bangalore)

SME lending marketplaceCommercial Loans > B2C Marketplace

Capsurge(2015, Jaipur)

Online platform for SME lendingCommercial Loans > B2C Marketplace

Indifi(2015, Gurgaon)

SME lending platformAccel Partners, Elevar Equity

Commercial Loans > B2C Marketplace

Namaste Credit(2014, Bangalore)

Web/mobile marketplace for business loans connecting borrowers & lenders

Commercial Loans > B2C Marketplace

InstaKash(2014, Bangalore)

SMB lending platform for terms loans and automobilesCommercial Loans > B2C Marketplace

Capital Float(2013, Bangalore)

Online lending platform for small businessesSAIF Partners, Sequoia Capital, Creation Investments, Aspada Investments

Commercial Loans > Direct Lender

$41M

Payments << Go to BM List >> Banking Tech

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Lending (4/25)Company Overview Business Model Total Funding

TAB Capital(2016, Pune)

Digital NBFC for business loansCommercial Loans > Direct Lender

ZipLoan(2015, Delhi)

Lending platform for small businessesGrowX Ventures

Commercial Loans > Direct Lender

SMEBank(2015, Hyderabad)

P2P platform for unsecured commercial loansCommercial Loans > P2P Marketplace

VLend(2015, Bangalore)

P2P lending marketplace for business loans.Commercial Loans > P2P Marketplace

ConnectingDot(2014, Kolkata)

Marketplace platform for SME lendingCommercial Loans > P2P Marketplace

Crekcy(2016, Hyderabad)

B2B credit management software for e-commerceCommercial Loans > Purchase Loans

Tradefin(2015, Delhi)

Supplier finance marketplaceCommercial Loans > Working Capital

OptaCredit(2016, Chennai)

Online lender for MSMEs and IndividualsCommercial Loans > Working Capital

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016109

Lending (5/25)Company Overview Business Model Total Funding

KNAB Finance(2015, Bangalore)

MSME lending platformCommercial Loans > Working Capital

RingBellDeal(2015, Mumbai)

Credit scoring and lending platform in stealth modeCommercial Loans > Working Capital

Kredx(2015, Bangalore)

Online invoice discounting platform for SMEsPrime Venture Partners

Commercial Loans > Working Capital > Alternate Financing > Discounting

$750K

Spiderg(2011, Pune)

Mobile first book-keeping and accounting soultion. Commercial Loans > Working Capital > Alternate Financing > Discounting

Musk Technologies(2015, Bangalore)

Full-stack invoice discounting platform for SMEs Commercial Loans > Working Capital > Alternate Financing > Discounting

Canopi(2016, Bangalore)

Invoice discounting platform Commercial Loans > Working Capital > Alternate Financing > Discounting

Numberz(2015, Bangalore)

Invoice discounting platform Commercial Loans > Working Capital > Alternate Financing > Discounting

MarketBills(2016, Delhi)

Invoice discounting marketplace Commercial Loans > Working Capital > Alternate Financing > Discounting

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016110

Lending (6/25)Company Overview Business Model Total Funding

Finnovo(2015, Hyderabad)

Advance loans on invoices/receivables Commercial Loans > Working Capital > Alternate Financing > Discounting

Credinfi(2016, Gurgaon)

P2P invoice discounting platform Commercial Loans > Working Capital > Alternate Financing > Discounting > P2P Marketplace

LoanZen(2015, Bangalore)

Unsecured working capital loans platformTracxnLabs

Commercial Loans > Working Capital > B2C Marketplace

Lendingkart(2014, Ahmedabad)

Online platform that provides working capital for SMBs in IndiaIFMR Trust, Saama Capital, Mayfield, Bertelsmann, India Quotient, Bertelsmann India Investments

Commercial Loans > Working Capital > Direct Lenders

$30.65M

X10FinancialServices(2016, Singapore)

Supply chain focused tech NBFCCommercial Loans > Working Capital > Direct Lenders

PinCap(2014, Gurgaon)

Tech-NBFC offering working capital loansCommercial Loans > Working Capital > Direct Lenders

NeoGrowth(2010, Mumbai)

Working capital lending platformOmidyar Network, Accion, Khosla Impact, Aspada Investments, India Infoline Asset Management, Quona Capital

Commercial Loans > Working Capital > Merchant Cash Advance > Direct Lender

$46.6M

LoanTap(2016, Mumbai)

Platform for flexible consumer loan products.Consumer Loans > Direct Lender

$3M

Payments << Go to BM List >> Banking Tech

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Lending (7/25)Company Overview Business Model Total Funding

Gold Uno(2015, Mumbai)

Online gold loan comparisonConsumer Loans > Gold Loans > B2C Marketplace

Rupeek(2015, Bangalore)

Alternate lending platform for gold loansConsumer Loans > Gold Loans > B2C Marketplace

Healthfin(2016, Pune)

Healthcare financing platformConsumer Loans > Healthcare

GetHonestPay(2016, Bangalore)

Healthcare financing optionsConsumer Loans > Healthcare

HomeKuber(2016, Delhi)

Home loans marketplaceConsumer Loans > Home Loans > Marketplace

i2i Funding(2014, Noida)

P2P lending platformConsumer Loans > P2P Marketplace

$300K

Loan Singh(2015, Dona Paula)

P2P platform for unsecured consumer loansConsumer Loans > P2P Marketplace

Easy2Lend(2016, Bangalore)

P2P lending marketplaceConsumer Loans > P2P Marketplace

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016112

Lending (8/25)Company Overview Business Model Total Funding

Goodmoney(2015, Bangalore)

P2P lending platformConsumer Loans > P2P Marketplace

Rupaiya Exchange(2015, Delhi)

Online marketplace for P2P lendingConsumer Loans > P2P Marketplace

CapitalCircle(2015, Bangalore)

P2P lending marketplaceConsumer Loans > P2P Marketplace

FundingHub(2015, Bangalore)

Online marketplace for borrowers & lendersConsumer Loans > P2P Marketplace

LendSmart(2015, Hyderabad)

P2P lending platformConsumer Loans > P2P Marketplace

OpenTap(2014, Chennai)

Peer to peer lending marketplaceConsumer Loans > P2P Marketplace

Easy Rupiya(2014, Delhi)

P2P marketplace for borrowers and lendersConsumer Loans > P2P Marketplace

LoanHistory(2016, Bangalore)

Community sourced loan history verification.Consumer Loans > P2P Marketplace > Database

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016113

Lending (9/25)Company Overview Business Model Total Funding

EarlySalary(2015, Pune)

NBFC linked lending platform for consumer loansTranscorp International

Consumer Loans > Payday Loans

$1.5M

ReBase(2016, Bangalore)

Mobile app for payday loansConsumer Loans > Payday Loans

Rupeelend(2014, Delhi)

Pay day lending platformConsumer Loans > Payday Loans

Kadki(2015, Pune)

Online short term lending platformConsumer Loans > Payday Loans

QuickCredit(2015, Hyderabad)

P2P lending platform for short term loans.Consumer Loans > Payday Loans > P2P Marketplace

Vote4Cash(2014, Hyderabad)

Online P2P payday loans marketplaceConsumer Loans > Payday Loans > P2P Marketplace

IndiaLends(2014, Delhi)

Web-based personal loans marketplaceDSG Consumer Partners

Consumer Loans > Personal Loans > B2C Marketplace

$1M

Square Capital(2014, Gurgaon)

Online loan aggregatorConsumer Loans > Personal Loans > B2C Marketplace

Payments << Go to BM List >> Banking Tech

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Lending (10/25)Company Overview Business Model Total Funding

Creditexchange(2015, Bangalore)

Lending marketplace for institutional investors to connect to borrowersConsumer Loans > Personal Loans > B2C Marketplace

InstaPaisa(2015, Delhi)

B2C marketplace for personal loansConsumer Loans > Personal Loans > B2C Marketplace

Instaloans(2015, Bangalore)

Platform for personal loansConsumer Loans > Personal Loans > B2C Marketplace

Kredit Konnection(2015, Mumbai)

B2C Marketplace for personal loansConsumer Loans > Personal Loans > B2C Marketplace

Kountmoney(2015, Bangalore)

B2C lending marketplace for personal loansConsumer Loans > Personal Loans > B2C Marketplace

MoneyTap(2015, Bangalore)

App-based credit lineConsumer Loans > Personal Loans > Credit Line

Faircent(2013, Gurgaon)

P2P lending marketplaceAarin Capital, Brand Capital, JM Financial, M and S Capital Partners

Consumer Loans > Personal Loans > P2P Marketplace

$8.25M

iLend(2012, Hyderabad)

P2P marketplace for personal loansAngel Investment Network, Angaros Group

Consumer Loans > Personal Loans > P2P Marketplace

$134.7k

Payments << Go to BM List >> Banking Tech

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Lending (11/25)Company Overview Business Model Total Funding

Loan Lance(2016, Gurgaon)

Peer to peer lending platfformConsumer Loans > Personal Loans > P2P Marketplace

SimpliLend(2016, Delhi)

P2P lending startup in stealth modeConsumer Loans > Personal Loans > P2P Marketplace

The Money Club(2016, Delhi)

Mobile first peer to peer lending platformConsumer Loans > Personal Loans > P2P Marketplace

Hedwic(2015, Hyderabad)

Peer to peer lending platformConsumer Loans > Personal Loans > P2P Marketplace

Slab(2015, Hyderabad)

Peer-to-peer lending marketplaceConsumer Loans > Personal Loans > P2P Marketplace

Peerlend(2015, Hyderabad)

P2P lending platformConsumer Loans > Personal Loans > P2P Marketplace

Hagto(2015, Chennai)

Mobile app for peer to peer lendingConsumer Loans > Personal Loans > P2P Marketplace

Klickstart(2014, Delhi)

P2P lending marketplaceConsumer Loans > Personal Loans > P2P Marketplace

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016116

Lending (12/25)Company Overview Business Model Total Funding

IndiaMoneyMart(2015, Mumbai)

P2P lending platform for consumersConsumer Loans > Personal Loans > P2P Marketplace

LoanCircle(2015, Bangalore)

P2P lending marketplace platformConsumer Loans > Personal Loans > P2P Marketplace

ALTX(2011, Gurgaon)

Online peer to peer lending marketplace platformConsumer Loans > Personal Loans > P2P Marketplace

Lendbox(2015, Delhi)

Peer to peer lending marketplace platformConsumer Loans > Personal Loans > P2P Marketplace

SmartLending(2015, Delhi)

Peer to peer lending marketplaceConsumer Loans > Personal Loans > P2P Marketplace

LendWave(2015, Bangalore)

P2P lending marketplace platformConsumer Loans > Personal Loans > P2P Marketplace

LendenClub(2014, Mumbai)

Online marketplace for P2P lendingVenture Catalysts

Consumer Loans > Personal Loans > P2P Marketplace

LoanMeet(2015, Bangalore)

P2P lending platformConsumer Loans > Personal Loans > P2P Marketplace

Payments << Go to BM List >> Banking Tech

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Lending (13/25)Company Overview Business Model Total Funding

MutualLoans(2012, Mumbai)

P2P lending platform for loansConsumer Loans > Personal Loans > P2P Marketplace

CASHe(2016, Mumbai)

Short term personal loan platformConsumer Loans > Personal Loans > Short Term

Flexmoney(2016, Mumbai)

Purchase loans companyConsumer Loans > Purchase Loans

Waltonpay(2015, Delhi)

Purchase finance companyConsumer Loans > Purchase Loans

ePayLater(2016, Mumbai)

Checkout platform offering pay later option to usersConsumer Loans > Purchase Loans > Buy Now Pay Later

$2M

Khaata(2016, Mumbai)

Purchase lending platform for offline storesConsumer Loans > Purchase Loans > Buy Now Pay Later

Simpl(2014, Mumbai)

Credit amount to buy online and pay later with registered merchantsGreen Visor Capital

Consumer Loans > Purchase Loans > Buy Now Pay Later

ONEMi(2011, Chennai)

EMI based purchase loan providerVentureast

Consumer Loans > Purchase Loans > EMI based

$5M

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016118

Lending (14/25)Company Overview Business Model Total Funding

Snapmint(2015, Hyderabad)

EMI based purchase loan checkout solution.Consumer Loans > Purchase Loans > EMI based

emiBazaar(2011, Chennai)

EMI based purchase loan platformVentureast

Consumer Loans > Purchase Loans > EMI based

PaySense(2015, Mumbai)

EMI based purchase loan checkout platformNexus Venture Partners

Consumer Loans > Purchase Loans > EMI based

Fastbanking(2015, Mumbai)

Purchase loans providerConsumer Loans > Purchase Loans > EMI based

Zest Money(2015, Mumbai)

Lending platform for consumers to make ecommerce purchasesOmidyar Network

Consumer Loans > Purchase Loans > EMI based

CashCare(2014, Mumbai)

Consumer lending platform for eCommerce purchasesConsumer Loans > Purchase Loans > EMI based

KrazyBee(2016, Bangalore)

EMI based purchase loans for studentsYeahmobi, Fenqile

Consumer Loans > Purchase Loans > Students

$2M

SlicePay(2015, Bangalore)

EMI based purchase loans for studentsTracxnLabs, Blume Ventures

Consumer Loans > Purchase Loans > Students

$500K

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016119

Lending (15/25)Company Overview Business Model Total Funding

RedCarpetUp(2013, Gurgaon)

Purchase loans platform for college studentsGoogle, Y Combinator, Seedx

Consumer Loans > Purchase Loans > Students

$120k

DaddysWallet(2016, Chennai)

EMI-based purchase loans platform for studentsConsumer Loans > Purchase Loans > Students

BantaPay(2016, Noida)

Purchase loans for studentsConsumer Loans > Purchase Loans > Students

Finomena(2015, Bangalore)

EMI based purchase loan providerMatrix Partners India

Consumer Loans > Purchase Loans > Students

Quiklo(2015, Bangalore)

e-commerce purchase loan platformAccel Partners

Consumer Loans > Purchase Loans > Students

Meritlane(2015, Chennai)

Higher education discovery and financingConsumer Loans > Student Loans

Gyandhan(2015, Delhi)

Education financing marketplaceStanford Angels & Entrepreneurs India

Consumer Loans > Student Loans

LegUp(2016, Mumbai)

Financing for career enhancing activities Consumer Loans > Student Loans > Career Enhancing Activities

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016120

Lending (16/25)Company Overview Business Model Total Funding

Trustio(2016, Delhi)

Platform to avail short term student loans from college alumniConsumer Loans > Student Loans > P2P Marketplace

Vote4Edu(2015, Hyderabad)

P2P lending marketplace platform for education loansConsumer Loans > Student Loans > P2P Marketplace

InCred(2016, Mumbai)

Tech NBFC in SME and consumer lendingIDFC, Alpha Capital Direct Lender $74M

CreditVidya(2012, Mumbai)

Alternate credit scoring platformKalaari Enabler > Credit Rating $2M

Insigniq(2016, Bangalore)

Alternate credit scoring platformEnabler > Credit Rating

Shubhloans(2016, Bangalore)

Credit rating app and lending marketplaceEnabler > Credit Rating

Monsoon FinTech(2015, Delhi)

Alternate credit scoring platformEnabler > Credit Rating

Udhaar(2015, Pune)

Alternate credit scoring servicesEnabler > Credit Rating

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016121

Lending (17/25)Company Overview Business Model Total Funding

Karza(2015, Mumbai)

Loan management system with alternate credit score solutionEnabler > Credit Rating

Cefy(2015, Mumbai)

Alternate credit scoring companyStartupbootcamp Enabler > Credit Rating

CreditMantri(2012, Chennai)

Credit management servicesIDG Ventures India, Accion, Elevar Equity

Enabler > Credit Rating Improvement

$2.5M

CreditSeva(2014, Hyderabad)

Credit reports analysis, correction and monitoringInfocomm Investments, Startupbootcamp, Pix Vine Capital

Enabler > Credit Rating Improvement

$361K

FreeScoreIndia(2013, Mumbai)

Credit rating improvement solutionEnabler > Credit Rating Improvement

Credit Shastra(2014, Chandigarh)

Web and app based credit score analysis and managementEnabler > Credit Rating Improvement

Credit Sudhaar(2010, Mumbai)

Credit health management company offering credit scoring servicesEnabler > Credit Rating Improvement

ClearMyDues(2014, Delhi)

Web platform that enables customers to directly make settlement offers to their creditors

Enabler > Credit Rating Improvement

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016122

Lending (18/25)Company Overview Business Model Total Funding

CreditMonk(2015, Mumbai)

Crowd-sourced network for business owners & credit managersEnabler > Data Platform > Businesses

RetailLending(2011, Bangalore)

Home loan advisory & solution providerEnabler > Lead Generation > Housing

BankBazaar(2008, Chennai)

Loan comparison platformAmazon India, Sequoia Capital, Walden International, Eight Roads Ventures

Enabler > Lead Generation > Loan Comparison

$80M

APNAPAISA(2007, Mumbai)

Online marketplace for loans and investment productsSequoia Capital, JAFCO Asia, Intel Capital, ChrysCapital

Enabler > Lead Generation > Loan Comparison

$20.2M

Deal4loans(2007, Delhi)

Online portal for loan comparison.Franklin Templeton Investments

Enabler > Lead Generation > Loan Comparison

$15M

Rubique(2014, Mumbai)

Online marketplace for financial productsKalaari, Globevestor, Yournest, Dexter Angel Circle

Enabler > Lead Generation > Loan Comparison

$3M

LoanBaba(2015, Mumbai)

Loan comparison platformEnabler > Lead Generation > Loan Comparison

$320k

Finrek(2014, Jaipur)

Online marketplace for loan offersEnabler > Lead Generation > Loan Comparison

$50K

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016123

Lending (19/25)Company Overview Business Model Total Funding

9Crore(2015, Bangalore)

Loan comparison platformEnabler > Lead Generation > Loan Comparison

Bankloankart(2015, Delhi)

Online platform for comparing and applying loansEnabler > Lead Generation > Loan Comparison

Eloanjunction(2015, Mumbai)

Commercial and consumer loan comparison platform.Enabler > Lead Generation > Loan Comparison

iServe Financial’s(2014, Mumbai)

Online and Offline distributors of loansEnabler > Lead Generation > Loan Comparison

Rocket Loans(2015, Mumbai)

Loan comparison platformEnabler > Lead Generation > Loan Comparison

BankUdhaar(2013, Ahmedabad)

Online loan comparison portal for individualsEnabler > Lead Generation > Loan Comparison

WealthWhizz(2015, Bangalore)

Loan comparison platformEnabler > Lead Generation > Loan Comparison

Finheal(2015, Delhi)

Online portal for instant loan application and investment productsEnabler > Lead Generation > Loan Comparison

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016124

Lending (20/25)Company Overview Business Model Total Funding

Think Money(2015, Noida)

Mobile first business loan comparison platformEnabler > Lead Generation > Loan Comparison

Mwyn Tech(2015, Bangalore)

Fintech startup in stealth modeEnabler > Lead Generation > Loan Comparison

FinanceBuddha(2012, Bangalore)

Loan comparison platformThe Chennai Angels

Enabler > Lead Generation > Loan Comparison

Sulabhloan.com(2008, Bangalore)

Loan comparison websiteEnabler > Lead Generation > Loan Comparison

BankCircle(2012, Delhi)

Loan comparison platform for consumer and commercial loansEnabler > Lead Generation > Loan Comparison

RuLoans(2014, Mumbai)

Loan & financial product comparison portalEnabler > Lead Generation > Loan Comparison

Letzbank(2014, Hyderabad)

Loan comparison platformEnabler > Lead Generation > Loan Comparison

LoanUncle.org(2015, Delhi)

Loan comparison Web platformEnabler > Lead Generation > Loan Comparison

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016125

Lending (21/25)Company Overview Business Model Total Funding

Loanwalle(2015, Delhi)

Loan comparison platformEnabler > Lead Generation > Loan Comparison

Credit Nation(2012, Delhi)

Online marketplace for loan comparisonEnabler > Lead Generation > Loan Comparison

MyMoneyMantra(1989, Delhi)

Loan comparison platformEnabler > Lead Generation > Loan Comparison

LoanBoss(2002, Gurgaon)

Online platform for loan and insurance comparisonEnabler > Lead Generation > Loan Comparison

LoanAdda(2015, Delhi)

Online based loan aggregator platformEnabler > Lead Generation > Loan Comparison

Saarebank(2013, Delhi)

Loan origination platformEnabler > Lead Generation > Loan Comparison

quikrupee(2015, Chennai)

Online loan comparison platformEnabler > Lead Generation > Loan Comparison

Finance Bazaar(2011, Delhi)

Online platform for financial products comparisonEnabler > Lead Generation > Loan Comparison

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016126

Lending (22/25)Company Overview Business Model Total Funding

IndiaDeals(2010, Pune)

Loan listings and comparison portalEnabler > Lead Generation > Loan Comparison

Loan Magik(2015, Mumbai)

SME and Consumer loans marketplaceEnabler > Lead Generation > Loan Comparison

Apna Loan Bazaar(2013, Hyderabad)

Loans listing platformEnabler > Lead Generation > Loan Comparison

Loan Yantra(2013, Hyderabad)

Online platform for loan comparisonEnabler > Lead Generation > Loan Comparison

Bookmybank(2015, Noida)

Web marketplace for loan quotes and other financial services/instruments

Enabler > Lead Generation > Loan Comparison

LoanStreet(2014, Bangalore)

Online loan comparison marketplace & algorithm based advisoryEnabler > Lead Generation > Loan Comparison

TakeBestLoans(2013, Pune)

Online portal for loan comparisonEnabler > Lead Generation > Loan Comparison

LoanBaazar(2010, Pune)

Online platform for users to search, compare and apply for loans.Enabler > Lead Generation > Loan Comparison

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016127

Lending (23/25)Company Overview Business Model Total Funding

Connectabank(2011, Mumbai)

Loan comparison and other banking/financial servicesEnabler > Lead Generation > Loan Comparison

y Finance Care Advisors Pvt(2013, Gurgaon)

Online Loan Comparison PlatformEnabler > Lead Generation > Loan Comparison

Rupeezone(2012, Chennai)

Web platform for financial advisory and comparison of loans and insurance

Enabler > Lead Generation > Loan Comparison

RupeePower(2011, Gurgaon)

Online platform for personalized loan rates and insurance quotesEnabler > Lead Generation > Loan Comparison

SMEcorner(2014, Mumbai)

Online platform for SME loansAccion

Enabler > Lead Generation > Loan Comparison

The LoanWala(2012, Noida)

Online Retail Loan aggregatorEnabler > Lead Generation > Loan Comparison

Paisa Bazaar(2009, Gurgaon)

Online loan comparison platformEnabler > Lead Generation > Loan Comparison

CashKumar(2014, Bangalore)

Online aggregation platform for loansEnabler > Lead Generation > Loan Comparison

Payments << Go to BM List >> Banking Tech

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Fintech India Report – October 2016128

Lending (24/25)Company Overview Business Model Total Funding

MoneyLeo(2011, Mumbai)

Online loan comparison portal enabling customers to compare, select and apply for a Loan

Enabler > Lead Generation > Loan Comparison

Easy loan switch(2014, Ghaziabad)

Loan comparison and switching platform Enabler > Lead Generation > Loan Comparison > Refinancing

SwitchMe(2012, Mumbai)

Home loan switching platform500 Startups, Singapore Angel Network

Enabler > Lead Generation > Loan Comparison > Refinancing

WhatsLoan(2014, Bangalore)

Mobile app to connect to loan distributorsEnabler > Loan Agents Marketplace

Loany(2016, Bangalore)

Loan agent discovery appEnabler > Loan Agents Marketplace

Milaap(2010, Bangalore)

Online microlending and donation based crowdfunding platformJungle Ventures, Unitus Seed Fund, First Light Ventures, Khosla Impact, LionRock Capital

Micro Finance > P2P $1.35M

MicroGraam(2009, Bangalore)

P2P lending microfinance marketplaceArtha Venture Challenge Micro Finance > P2P $171.65k

p2p Microfinance(2010, Pilani)

Peer to peer microfinance platformMicro Finance > P2P

Payments << Go to BM List >> Banking Tech

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Lending (25/25)Company Overview Business Model Total Funding

WeCareIndia(2011, Gulbarga)

P2P lending platform for social investors.Micro Finance > P2P

RangDe(2008, Bangalore)

Non-Profit Microcredit PortalThe World Bank Group, Millennium Alliance Micro Finance > P2P

LendingPath(2016, Delhi)

P2P lending platform for personal and business loansP2P Marketplace

Worldoflending(2010, Delhi)

P2P Lending for personal and commercial loansP2P Marketplace

Payments << Go to BM List >> Banking Tech

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Banking Tech (1/14)Company Overview Business Model Total Funding

FinUNO(2014, Bangalore)

Virtual Relationship Manager for financial service institutions

BondPlus(2015, Noida)

B2B marketplace for OTC Debt Capital Markets

Integrand(2013, Gurgaon)

Financial analytics and advisory company

Aureus Analytics(2013, Mumbai)

Big Data analytics services to BFSI sector in Europe and South East AsiaLetsVenture Analytics $850k

Pentation Analytics(2015, Andheri)

Analytic solutions for Banking, Financial Services and Insurance IndustryAnalytics

FinTechnoBridge Solutions(2012, Pune)

Technology solutions for financial services industry.Analytics

Credence Analytics(1993, Mumbai)

Analytics products for financial institutionsAnalytics

Quantum Phinance(2006, Mumbai)

Financial analytics and products for banks & NBFCsAnalytics

Lending << Go to BM List >> Insurance Tech

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Banking Tech (2/14)Company Overview Business Model Total Funding

BankSmarts Solutions(2013, Gurgaon)

Risk and performance management solutions for BanksSRI Capital, Kae Capital Analytics

FINO PayTech(2006, Mumbai)

Financial inclusion technology providerICICI Bank, HSBC Group, Life Insurance Corporation of India, IFC, Blackstone, Intel Capital, Corporation Bank, Legatum, ICICI Lombard, Bharat Petroleum, Union Bank Of India, Indian Bank

Banking Correspondent $102.6M

A Little World(2000, Mumbai)

Mobile Banking PlatformLegatum, Caspian Impact Investment Adviser Banking Correspondent $6.41M

Eko(2007, Delhi)

Branchless Mobile BankingUM Social Venture Fund, Promus Equity Partners Banking Correspondent $5.5M

Mahagram(2015, Thane)

Banking correspondentBanking Correspondent

Vaya Finserv(2014, Hyderabad)

Tech enabled Business CorrespondentBanking Correspondent

Indepay(2007, Delhi)

Prepaid debit card based correspondence bankingEvia Capital Partners Banking Correspondent

BeWo Techno(2010, Chennai)

Hardware and software solutions for rural financial marketBanking Correspondent

Lending << Go to BM List >> Insurance Tech

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Banking Tech (3/14)Company Overview Business Model Total Funding

Mahindra Comviva(1999, Gurgaon)

Mobile financial solutionsSequoia Capital, Cisco, Westbridge Capital Banking Frontend > Mobile $13.5M

ApnaKhata(2013, Mumbai)

Mobile banking platform to perform day-to-day transactionsBanking Frontend > Mobile

Cointab(2015, Mumbai)

Digital banking solutions companyBanking Frontend > Mobile

Artoo(2010, Bangalore)

Field Ops Managament for Microfinance, Healthcare.Accion, Villgro Innovations Foundation CRM $646K

Quantinuum Technologies(2014, Mumbai)

Customer onboarding solutions for banksCRM

MyMoneySage(2015, Bangalore)

Integrated CRM for financial servicesCRM

Herald Logic(2002, Mumbai)

Sales channel management solution for financial institutionsCRM

vLend Right(2015, Bangalore)

Platform for banks to improve customer experience for auto loansCustomer Experience

Lending << Go to BM List >> Insurance Tech

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Banking Tech (4/14)Company Overview Business Model Total Funding

Fiinfra(2014, Mumbai)

Solutions provider for financial intermediariesCustomer Experience

Active AI(2016, Bangalore)

AI based SaaS platform for financial servicesKstart Customer Experience > AI $500k

Enterprise Bot(2016, Pune)

Customer service Bot solutionStartupbootcamp Customer Experience > AI

MyBanker(2016, Gurgaon)

AI based Banking assistantCustomer Experience > AI

CustomerXPs(2006, Bangalore)

Fraud & Customer experience management solutions for financial, retail and telecom industryJAFCO Asia

Fraud & Risk Management $4M

G-Square Solutions(2014, Mumbai)

BFSI Service providerFraud & Risk Management

Finserv(2008, Chennai)

Fraud and risk management companyFraud & Risk Management

Surya Software Systems(1999, Bangalore)

Risk management solutions for Banks, Hedge funds and corporationsFraud & Risk Management

Lending << Go to BM List >> Insurance Tech

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Banking Tech (5/14)Company Overview Business Model Total Funding

Crossbow Labs(2014, Bangalore)

Information security systems for FIsFraud & Risk Management

FrauShield(2015, Delhi)

AI based financial fraud detection and alertingFraud & Risk Management

Risk Metrum(2016, Hyderabad)

Risk management tool for microfinance institutionsFraud & Risk Management > Analytics

Saraansh(2005, Bangalore)

Security solutions focused on data mining and business transaction processing

Fraud & Risk Management > Analytics

InCights(2010, Hyderabad)

Voice bio-metric solutions for identification & verification of customersIndia Quotient

Fraud & Risk Management > Verification

$160k

Sentropi(2012, Ahmedabad)

Online identity theft and financial fraud detection and prevention solutionsStart-Up Chile

Fraud & Risk Management > Verification

$40K

TrustId(2015, Gurgaon)

Credit and person verification servicesFraud & Risk Management > Verification

YoLokal(2015, Ahmedabad)

Mobile app to discover and communicate with local businessesMarketing Solutions

Lending << Go to BM List >> Insurance Tech

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Banking Tech (6/14)Company Overview Business Model Total Funding

Insense(2015, Delhi)

Personal finance company in stealth modeMarketing Solutions

Connaizen(2015, Delhi)

Card-linked marketingStartupbootcamp Marketing Solutions

mTuzo(2015, Delhi)

Provides API to banks for customer analytics.Marketing Solutions > Analytics

Loylty Rewardz(2006, Mumbai)

Loyalty & relationship management company.Canaan Partners, Ventureast, India Ideas, InnoVen Capital

Marketing Solutions > Loyalty

$24.4M

Clink(2013, Hyderabad)

Card Linked marketing platformSequoia Capital, Kae Capital, Blume Ventures

Marketing Solutions > Loyalty

Reward360(2007, Bangalore)

Rewards and Loyalty Management companyMarketing Solutions > Loyalty

Fintellix(2006, Bangalore)

Analytics, Risk & Compliance Solutions for BankingSequoia Capital, IDG Ventures India Regulatory Compliance $12.5M

ComplyGlobal(2012, Bangalore)

Cloud based compliance platformIBCC, Tribeca Angels Regulatory Compliance $3.8M

Lending << Go to BM List >> Insurance Tech

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Banking Tech (7/14)Company Overview Business Model Total Funding

GIEOM(2008, Bangalore)

Software solutions for banking operationsRegulatory Compliance

Riskpro(2009, Mumbai)

Risk Management and risk consulting companyRegulatory Compliance

AUDITime(1999, Mumbai)

Risk compliance and regulatory solution providerRegulatory Compliance

Asymmetrix(2010, Mumbai)

Financial risk management solutions.Regulatory Compliance

IRIS(2000, Vashi)

Cloud based XBRL solutionsSubhkam Regulatory Compliance

EVOLVUS(2007, Bangalore)

Software Products company in BFSIRegulatory Compliance > Anti Money Laundering

Fiction2Fact(2008, Mumbai)

AML Software Products and ServicesRegulatory Compliance > Anti Money Laundering

Digio(2015, Bangalore)

Document management with e-signatureRainmatter Regulatory Compliance > KYC $373k

Lending << Go to BM List >> Insurance Tech

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Banking Tech (8/14)Company Overview Business Model Total Funding

Signzy(2015, Bangalore)

Digital contract drafting and signing platform running on cloudRegulatory Compliance > KYC

Finahub(2012, Kochi)

Aadhar authentication, eSign and customer service management platform Regulatory Compliance > KYC

Algorythmix Tech(2015, Mumbai)

Application development projects based on EthereumRegulatory Compliance > KYC

Divas Software(2012, Delhi)

SaaS based KYC+AML+CTF compliance solutionRegulatory Compliance > KYC

Automated Workflow Private Limited

(1996, Bangalore)

Retail and Corporate banking software solutions provider.

Regulatory Compliance > KYC

Aadhaar Connect(2014, Bangalore)

Aadhar authentication and e-KYC platformRegulatory Compliance > KYC

Esthenos(2015, Bangalore)

Field force automation solutions for the financial services industryRegulatory Compliance > KYC

TransTrac(2014, Chennai)

Web based solutions for organizations involved in large cash collection/transit

Software Solutions > Cash Management

Lending << Go to BM List >> Insurance Tech

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Banking Tech (9/14)Company Overview Business Model Total Funding

Saraswat Infotech(2005, Mumbai)

SaaS based banking solutionsSoftware Solutions > Core Banking

Trust Systems & S/w(1999, Nagpur)

Software solutions and service providerSoftware Solutions > Core Banking

TrustBank CBS(1999, Nagpur)

Online based core banking software solutionSoftware Solutions > Core Banking

Conflux Technologies(2010, Bangalore)

Cloud based banking software for Micro-financesSoftware Solutions > Core Banking

Sesame Software Solutions(1993, Kozhikode)

Core banking solutions companySoftware Solutions > Core Banking

Issac(2006, Kolkata)

Core banking software providerSoftware Solutions > Core Banking

MicroFinS(1999, Nagpur)

Cloud-based core banking automation solutionsSoftware Solutions > Core Banking

Infrasoft Technologies(1995, Mumbai)

Software solutions provider for financial enterprisesBaring Private Equity Asia

Software Solutions > Horizontal

$24.8M

Lending << Go to BM List >> Insurance Tech

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Banking Tech (10/14)Company Overview Business Model Total Funding

ZoukTech(2016, Bangalore)

Software for financial institutionsSoftware Solutions > Horizontal

EdgeVerve Systems(2014, Bangalore)

Software subsidiary of InfosysSoftware Solutions > Horizontal

Nucleus Software(1986, Noida)

Software solutions for Banks and Financial organizationsSoftware Solutions > Horizontal

Archis Business(2014, Thane)

Operations Management and Outsourcing Solutions.Software Solutions > Horizontal

Yethi(2013, Bangalore)

Testing automation products and servicesSoftware Solutions > Horizontal

Manam Infotech(2008, Bangalore)

Mobile first banking and wallet solutionsSoftware Solutions > Horizontal

Tech Excel(2011, Mumbai)

Software solutions for financial institutionsSoftware Solutions > Horizontal

BeyondSquare(2010, Bangalore)

Financial software solutions providerSoftware Solutions > Horizontal

Lending << Go to BM List >> Insurance Tech

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Banking Tech (11/14)Company Overview Business Model Total Funding

Ideal Invent(2005, Bangalore)

Simplifying banking solutionsSoftware Solutions > Horizontal

Encore Theme Technologies(2010, Chennai)

End to end software solutions for BFSI sectorsSoftware Solutions > Horizontal

SOL Software Private Limited(2015, Delhi)

Software solutions for banksSoftware Solutions > Horizontal

Intellect Design Arena(2011, Chennai)

Enterprise Banking Platform providerSoftware Solutions > Horizontal

The Frozen Soft(2015, Hyderabad)

BFSI Software servicesSoftware Solutions > Horizontal

Winsoft Tech(1993, Mumbai)

Enterprise software solutions to financial organizationsSoftware Solutions > Horizontal

Transpure(2011, Mumbai)

Software solutions for customers in banking & financial industrySoftware Solutions > Horizontal

Hexagon Global(2012, Bangalore)

Technology solutions for clients in Banking & Financial sectorSoftware Solutions > Horizontal

Lending << Go to BM List >> Insurance Tech

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Banking Tech (12/14)Company Overview Business Model Total Funding

Empay(2008, Kochi)

Technology solutions for financial services industrySoftware Solutions > Horizontal

Cloud Lending(2012, Bangalore)

Cloud based management platforms for lending institutions.EPIC Ventures, SF Capital, Lighter Capital, Green Visor Capital, Cota Capital

Software Solutions > Loan Management

$8.15M

Mosaik Risk(2015, Mumbai)

Risk analytics and visualization companySoftware Solutions > Loan Management

ARX TECH-AXS(2006, Gurgaon)

Software for financial institutionsSoftware Solutions > Loan Management

Zenfact(2013, Mumbai)

Trade finance solution provider for banks and corporates.Software Solutions > Loan Management

Finsoft(2015, Hyderabad)

Loan management and accounting solutions for NBFCsSoftware Solutions > Loan Management

iAlarm(2016, Pune)

SaaS solution for automation of loan disbursal and monitoring.Software Solutions > Loan Management

Fintech Labs(2015, Noida)

Financial solutions providerSoftware Solutions > Loan Management

Lending << Go to BM List >> Insurance Tech

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Banking Tech (13/14)Company Overview Business Model Total Funding

Mitra Microfinance(2015, Delhi)

Analytics technology platformSoftware Solutions > Loan Management

FinIQ Consulting(2001, Pune)

Treasury & Wealth Management Product companySoftware Solutions > Wealth Management

MRL Posnet(2008, Chennai)

PoS technology infrastructure providerTechnology Solutions

Infinitas Technology Solutions(2015, Mumbai)

Consumer transaction technology provider for small and cooperative banks Technology Solutions

Jinglee(2014, Chennai)

IoT startup building smart connected devicesTechnology Solutions > IoT

AGS Transact Technologies(2002, Mumbai)

End to end payment solutions providerTPG, Actis

Technology Solutions > White Label ATM

$80M

BTI Payments India Pvt(1991, Bangalore)

White label ATMICICI Venture

Technology Solutions > White Label ATM

$22.4M

State ATM(2014, Mumbai)

White Label by RiddiSiddhi BullionsTechnology Solutions > White Label ATM

Lending << Go to BM List >> Insurance Tech

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Banking Tech (14/14)Company Overview Business Model Total Funding

Indicash(2013, Mumbai)

White Label ATMTechnology Solutions > White Label ATM

India1ATM(2014, Bangalore)

White label ATM providerTechnology Solutions > White Label ATM

Lending << Go to BM List >> Insurance Tech

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Insurance Tech (1/10)Company Overview Business Model Total Funding

thepolicykart(2015, Gurgaon)

Online life insurance seller website

We Protect India(2015, Pune)

Online insurance directoryAgents Aggregator

MyInsuranceBook(2016, Pune)

Insurance agent aggregatorAgents Aggregator

EigenRisk(2014, Bangalore)

Risk analytics solutions for insurance & risk management communityAnalytics

Skymet Weather Services(2003, Noida)

Crop insurance and weather forecasting data servicesOmnivore, DMG Information Data Providers $5.5M

iTrans Technologies(2009, Bangalore)

OBD device, app, development platform and analytics engine for connected cars Data Providers $2.1M

CarIQ(2013, Pune)

Connected car through telematicsPersistent Systems Data Providers $20k

Carnot(2015, Mumbai)

OBD device for carsData Providers

Banking Tech << Go to BM List >>

Software for

Institutional

Investors

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Insurance Tech (2/10)Company Overview Business Model Total Funding

Yatis(2015, Bangalore)

Car tracking, maintenance, and safety appData Providers

CarX(2016, Bangalore)

Mobile app for tracking driving and vehicle analyticsData Providers

Lightmetrics(2015, Bangalore)

Computer vision and machine learning based mobile application for Car drivers Data Providers

ICareU(2014, Bangalore)

Cloud platform for Usage Based InsuranceData Providers

Zene(2015, Gurgaon)

Connected Car platformData Providers

Health Nine(2015, Mumbai)

Data driven care coordination network for healthcare organizationsData Providers

DirectInsure(2015, Gurgaon)

Online insurance aggregatorEnablers > Aggregators

OneAssist(2011, Mumbai)

One-stop assistance and security service for mobile, credit/debit card theft and lossLightspeed Venture Partners, Sequoia Capital, Assurant, Trifecta Capital

Gadget Insurance $11M

Banking Tech << Go to BM List >>

Software for

Institutional

Investors

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Insurance Tech (3/10)Company Overview Business Model Total Funding

syncNscan(2012, Noida)

Mobile device insurance providerGadget Insurance

Accsure(2015, Mumbai)

Platform to buy gadget insuranceGadget Insurance

Policybazaar(2008, Gurgaon)

Leading online insurance aggregator in India.Info Edge India, Inventus Capital Partners, Intel Capital, Tiger Global Management, Ribbit Capital, ABG Capital, Steadview Capital, Premji Invest

Insurance Aggregators $69.6M

Coverfox(2011, Mumbai)

Insurance aggregator and selling platformAccel Partners, SAIF Partners, Catamaran Ventures Insurance Aggregators $14M

Easypolicy(2011, Noida)

Online selling and comparison platform for insuranceUnilazer Ventures Insurance Aggregators $2.2M

insureatclick(2008, Mumbai)

Online portal to compare and buy insuranceInsurance Aggregators

Bankbazaar Insurance(2015, Chennai)

Insurance web aggregatorInsurance Aggregators

Suggest Insurance(2015, Noida)

Online platform to compare insurance policiesInsurance Aggregators

Banking Tech << Go to BM List >>

Software for

Institutional

Investors

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Insurance Tech (4/10)Company Overview Business Model Total Funding

CoverNest(2016, Chennai)

Insurance web aggregator portalInsurance Aggregators

STARiNSURED(2016, Satna)

Direct insurance brokerInsurance Aggregators

5paisa Insurance(2015, Mumbai)

Life insurance comparison platformInsurance Aggregators

ComparePolicy.com(2015, Noida)

Insurance comparison portalInsurance Aggregators

Oabima(2014, Lucknow)

Insurance comparison portalInsurance Aggregators

Boon Insurance(2015, Mumbai)

Insurance comparison portalInsurance Aggregators

MintWise(2015, Mumbai)

Insurance aggregator platform in stealth mode.Insurance Aggregators

Insurax(2014, Ahmedabad)

Life and Non-Life insurance aggregatorInsurance Aggregators

Banking Tech << Go to BM List >>

Software for

Institutional

Investors

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Insurance Tech (5/10)Company Overview Business Model Total Funding

OpenWorld Insurance(2014, Hyderabad)

Insurance comparison platform with Direct Broker LicenseInsurance Aggregators

PolicyMantra(2010, Mumbai)

Insurance aggregatorInsurance Aggregators

Policy99.com(2015, Chennai)

Web and app based multi-insurance e-commerce platform.Insurance Aggregators

Insurance Pandit(2007, Delhi)

Insurance comparison portalInsurance Aggregators

PlanCover(2011, Delhi)

Insurance comparison portalInsurance Aggregators

Bimadirect(2010, Hyderabad)

Online insurance distribution portalInsurance Aggregators

Turtlemint(2015, Mumbai)

Online platform for Insurance comparisonNexus Venture Partners, Blume Ventures Insurance Aggregators

Happinsure(2014, Delhi)

Online insurance comparison portalInsurance Aggregators

Banking Tech << Go to BM List >>

Software for

Institutional

Investors

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Insurance Tech (6/10)Company Overview Business Model Total Funding

InsuringIndia(2010, Mumbai)

Online platform for insurance comparisonInsurance Aggregators

PolicyTiger(2010, Delhi)

Online platform for policy comparisonInsurance Aggregators

Policy Boss(2012, Mumbai)

Online platform for insurance comparisonTPG Insurance Aggregators

NammaPolicy(2014, Chennai)

Online insurance aggregatorInsurance Aggregators

policylitmus(2013, Bangalore)

Online Insurance ComparisonInsurance Aggregators

PolicyAdvisor(2008, Pune)

Online insurance tools & products to aid consumers in choosing insurance Insurance Aggregators

Caring Papa(2014, Noida)

Online platform for insurance comparisonInsurance Aggregators

Policy Uncle(2012, Mumbai)

Online platform for comparing financial productsInsurance Aggregators

Banking Tech << Go to BM List >>

Software for

Institutional

Investors

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Insurance Tech (7/10)Company Overview Business Model Total Funding

Policy Vendor(2012, Delhi)

Online platform for comparing insurance policiesInsurance Aggregators

e-Policybazaar(2014, Kolkata)

Online portal for insurance comparisonInsurance Aggregators

Fingoogle(2013, Mumbai)

Insurance web aggregatorInsurance Aggregators

Policybachat(2013, Hyderabad)

Web based insurance aggregator and comparison engineInsurance Aggregators

Quickbima(2013, Delhi)

Insurance comparison providerInsurance Aggregators

Buysmartpolicy(2012, Pune)

Online insurance aggregation platform helping users with purchasing insurance and other financial products Insurance Aggregators

Easy Insurance India(2008, Chennai)

Online platform to compare & buy insurance quotesInsurance Aggregators

PolicyX(2013, Gurgaon)

Web-based insurance comparison and buying platformInsurance Aggregators

Banking Tech << Go to BM List >>

Software for

Institutional

Investors

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Insurance Tech (8/10)Company Overview Business Model Total Funding

MyInsuranceClub.com(2009, Mumbai)

Online platform to compare & apply for insurance policiesInsurance Aggregators

GreenLife Insurance(2009, Kolkata)

Online platform for comparing various types of insurance policiesInsurance Aggregators

Zibika(2007, Mumbai)

Online insurance platformInsurance Aggregators

RenewBuy(2014, Gurgaon)

Online motor insurance comparison providerMount Nathan Advisors

Insurance Aggregators > Automobile

$1M

SHCIL Insurance Repository(2011, Mumbai)

Insurance repositoryRepository

Karvy Insurance Repository(2013, Hyderabad)

Insurance RepositoryRepository

NSDL National Insurance Repository

(2011, Mumbai)

Insurance Repository

Repository

CDSL Insurance Repository Limited

(2011, Mumbai)

Web based insurance repository

Repository

Banking Tech << Go to BM List >>

Software for

Institutional

Investors

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Insurance Tech (9/10)Company Overview Business Model Total Funding

CAMS Insurance Repository Services

(2011, Chennai)

Insurance repository

Repository

PolicyTray(2015, Chennai)

Online platform for life insurance plans know-howRepository

Agile Financial Technologies(2008, Mumbai)

BFSI software solution providerIDG Ventures India Software Solutions $5.74M

HealthHiway(2007, Hyderabad)

Care coordination solutions for healthcare organizationsGreylock Partners Software Solutions $4M

ValueMomentum(2000, Hyderabad)

Software solutions for BFSI sectorSoftware Solutions

mindZen(2005, Chennai)

Insurance software products companySoftware Solutions

Dream Tekis(2006, Bangalore)

Software solutions for insurance industrySoftware Solutions

Remedinet Technologies(2006, Bangalore)

Electronic Data Interchange technology connecting health providers directly with insurersNirvana Ventures Advisors

Software Solutions

Banking Tech << Go to BM List >>

Software for

Institutional

Investors

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Insurance Tech (10/10)Company Overview Business Model Total Funding

IBEXI(2001, Mumbai)

IT solutions in insuranceSoftware Solutions

SafeHO(2015, Hyderabad)

Unemployment warranty providerUnemployment Insurance

Banking Tech << Go to BM List >>

Software for

Institutional

Investors

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Software for Institutional Investors (1/7)Company Overview Business Model Total Funding

Eka Software Solutions(2004, Bangalore)

Commodity trading and risk management solutions for global commodity markets.Nexus Venture Partners, Silver Lake

$56.75M

AIMIn(2011, Mumbai)

Analytics driven price discovery platform for illiquid securities and assets.

LTech India(2008, Noida)

Software solutions for traders and institutional investors

Option Fintech(2014, Bangalore)

Algorithmic trading platform

DMACQ Software(2011, Mumbai)

Developer of browser-based applications for M&A ecosystem

FundWave(2013, Delhi)

Software for Alternative Funds

uTrade(2011, Chandigarh)

Open-source multi-asset trading platform and blockchain based settlement/clearingAxis Bank, Morpheus Gang

Algorithmic Trading $800k

Prophecis Technologies(2010, Noida)

Algorithmic trading and technology solutions providerAlgorithmic Trading

Insurance Tech << Go to BM List >> Investment Tech

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Software for Institutional Investors (2/7)Company Overview Business Model Total Funding

Algofront(2015, Mumbai)

Web based application for algo trading.Algorithmic Trading

First Futures Software(2006, Pune)

Trading software solutions providerAlgorithmic Trading

Samssara(2010, Mumbai)

Algorithmic trading and quantitative investment advisory company.Algorithmic Trading

Tvisi Algo Systems(2012, Mumbai)

Developer of trading algorithmsAlgorithmic Trading

QuantXpress(2012, Pune)

QuantXpress – Deliver high performance automated trading and connectivity solutions Algorithmic Trading

Symphony(2009, Mumbai)

White label algorithmic trading system solutionAlgorithmic Trading

AlphaGrep(2010, Mumbai)

Trading firm across asset classesAlgorithmic Trading

TradeFortune(2014, Mumbai)

Online charting and trading platformAlgorithmic Trading

Insurance Tech << Go to BM List >> Investment Tech

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Software for Institutional Investors (3/7)Company Overview Business Model Total Funding

Alphonso Capital(2014, Mumbai)

Public market investingAlgorithmic Trading

Optcore Technologies(2012, Panchkula)

Developer of automated algorithmic trading strategiesAlgorithmic Trading

Qpronto(2014, Mumbai)

Cloud based quantitative trading platform for tradersAlgorithmic Trading

Acceletrade(2011, Bangalore)

Hardware technology and software solutions for stock market tradingAlgorithmic Trading

NextGenQuant(2014, Mumbai)

Provider of algorithmic trading solutionsAlgorithmic Trading

ALGOWIRE(2012, Delhi)

Algorithmic trading solutions for high frequency trading operationsAlgorithmic Trading

Effte(2013, Mumbai)

Algorithmic trading system based on open source softwareAlgorithmic Trading

Omnesys Technologies (1997, Bangalore)

Software provider for securities trading & multi venue trading systemsAlgorithmic Trading

Insurance Tech << Go to BM List >> Investment Tech

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Software for Institutional Investors (4/7)Company Overview Business Model Total Funding

Intgrea(2015, Bangalore)

Cloud based Merger & Acquisition solutionM&A $300K

Heckyl(2010, Mumbai)

Real time financial information & news analytics for markets & businessesSeedfund, IDG Ventures India

Market Data Analytics $4.75M

Beans & Intellect Financial Technology

(2006, Mumbai)

Technology, analytic and consulting solutions for treasury businesses

Market Data Analytics

EquityLevers(2015, Mumbai)

Equity markets analytics platformMarket Data Analytics

IndexMatters(2012, Bangalore)

AI based product for trading equity indicesMarket Data Analytics

Solaron Sustainability Services(2007, Bangalore)

Tools for ESG researchMarket Data Analytics

Algorial(2015, Bangalore)

R&D solutions for algo tradingMarket Data Analytics

StocInn(2013, Noida)

Web technology offering next generation trading solutionsMarket Data Analytics

Insurance Tech << Go to BM List >> Investment Tech

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Software for Institutional Investors (5/7)Company Overview Business Model Total Funding

Cogencis(2007, Mumbai)

Real-time market data and financial newsMarket Data Analytics

Finoux(2012, Mumbai)

Software development companyPortfolio Analytics & Reporting

Applied Software(1991, Ahmedabad)

Wealth management software product companyPortfolio Analytics & Reporting

WealthSpectrum(2001, Ahmedabad)

Technology solution for asset and wealth managementPortfolio Analytics & Reporting

Valuefy(2010, Mumbai)

Solutions for portfolio management and risk analysis.Portfolio Analytics & Reporting

Miles Software Solutions(1999, Mumbai)

Wealth and Asset Management solutions for financial institutionsZephyr Management, Lighthouse Funds

Portfolio Analytics & Reporting

PiggyApp(2015, Thane)

Portfolio management platform for brokersPortfolio Management

SS&C GlobeOp(2000, Windsor)

Technology solutions provider to institutional investorsSageview Capital Practice Management Tools

Insurance Tech << Go to BM List >> Investment Tech

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Software for Institutional Investors (6/7)Company Overview Business Model Total Funding

PE Front Office Solutions(2013, Delhi)

SaaS platform for Institutional InvestorsPractice Management Tools

IFAnow(2015, Mumbai)

Practice management tool for institutionsPractice Management Tools

FutureAdvisor(2013, Mumbai)

Practice management platform for financial advisorsPractice Management Tools

Finons Intelligence Systems(2015, Chennai)

Big data based equity research platformResearch Tools

Paststat(2011, Bangalore)

Stock market screening toolsResearch Tools

SRTEKBOX(2007, Delhi)

Compliance software solutionsSoftwares

KGFSL(1998, Coimbatore)

Software solutions for financial institutions and institutional investorsSoftwares

XtremSoft Technologies(2007, Mumbai)

Software solutions for broking and financial sectorSoftwares

Insurance Tech << Go to BM List >> Investment Tech

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Software for Institutional Investors (7/7)Company Overview Business Model Total Funding

IMINA(2015, Rajahmundry)

SaaS products for enterprises and trading.Trade Management Software

TradeLab(2012, Kolkata)

Online trading platform for institutionsRainmatter Trading Platform $890k

123Capitals(2014, Coimbatore)

Trading platform for brokers and tradersTrading Platform

Finvasia(2009, Chandigarh)

Online and app-based platform for online tradingTrading Platform

F6online(2015, Gurgaon)

Technology platform for public market trading.Trading Platform

Kite(2015, Bangalore)

Web based trading platformTrading Platform

Stock Monks(2007, Hyderabad)

Financial services, portfolio management and trading platformTrading Platform

Celerix Technologies(2013, Bangalore)

High performance technology solutions for financial marketsBitkemy Ventures

Trading Platform > Infrastructure

$400K

Insurance Tech << Go to BM List >> Investment Tech

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Investment Tech (1/31)Company Overview Business Model Total Funding

MaxMyWealth(2015, Jaipur)

Savings and investment platform

Expowealth(2016, Mumbai)

Personal finance & investment planning platform

CoreAthena(2015, Mumbai)

Investment platform in stealth mode

Aldira(2016, Hyderabad)

Wealth management platform

ProsperX(2016, Delhi)

Investment advisory startup in stealth mode

FinPin(2016, Mumbai)

Mobile first investment platform

Finstop(2014, Hyderabad)

Investment tech startup in stealth mode

Fxjo(2015, Kolkata)

Stealth mode algorithmic trading startup

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Investment Tech (2/31)Company Overview Business Model Total Funding

OIIO(2015, Bangalore)

Investment Tech company in stealth mode

SpeculoMeter(2015, Mumbai)

Speculations measuring app

Invezta(2015, Mumbai)

Direct plan robo advisor

Oye Paisa(2015, Bangalore)

Investment Tech company

SimplifyCapital(2015, Mumbai)

DIY based wealth management platform for consumers

InstaFinancials(2016, Bangalore)

Platform for company financials dataCompany Data

CrediWatch(2013, Bangalore)

Real-time business monitoring, reporting & compliance analytics platform Company Data > Analytics

BankerBay(2012, Bangalore)

Web-based deal origination tool for PE firms and investment banksErnst and Young, NTUitive Private Market Investing $5M

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016163

Investment Tech (3/31)Company Overview Business Model Total Funding

Knolzone(2010, Roorkee)

Startup Discovery PlatformPrivate Market Investing

ShotPitch(2015, Bangalore)

Upcoming platform for startups to pitch to investorsPrivate Market Investing

FundHound(2015, Pune)

Funding platform for startups and venturesPrivate Market Investing

Fundpundit(2014, Mumbai)

Search engine for financial services with a self assessed rating systemPrivate Market Investing

SMERGERS(2013, Bangalore)

Online Investment Bank for SMEsPrivate Market Investing

Tracxn(2013, Bangalore)

Market intelligence platform for private market investingSAIF Partners, Beenext

Private Market Investing > Data Platform

$3.7M

India Startup Directory(2016, Noida)

Indian startups listing platformPrivate Market Investing > Data Platform

Venture Intelligence(2002, Chennai)

Provider of information and analysis on private company financials, transactions and valuations.

Private Market Investing > Data Platform

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Investment Tech (4/31)Company Overview Business Model Total Funding

Global Financial Datafeeds(2009, Nashik)

Real time data providerPrivate Market Investing > Data Platform

Xeler8(2015, Delhi)

Indian startup discovery and deal sourcing platform.Private Market Investing > Data Platform

VCCEdge(2009, Noida)

Reaserch platform providing financial data about private companies.Private Market Investing > Data Platform

Nexensus(2013, Delhi)

Private company databasePrivate Market Investing > Data Platform

Altflo(2015, Mumbai)

Deal making platform for alternative asset firmsPrivate Market Investing > Deal-Origination Platform

GetSquareFeet(2014, Bangalore)

Data-driven investment platform for real estate investorsPrivate Market Investing > Real Estate

$100k

Propchunk(2015, Mumbai)

Real estate fractional ownership platformPrivate Market Investing > Real Estate

PropertyShare(2015, Bangalore)

Online platform for fractional ownership of residential apartmentsPrivate Market Investing > Real Estate

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Investment Tech (5/31)Company Overview Business Model Total Funding

Flatons(2014, Pune)

Real estate investment discovery and investment analytics platformPrivate Market Investing > Real Estate

TheBuyerPower(2011, Noida)

Online listing platform for group buying deals on real estatePrivate Market Investing > Real Estate

SmartOwner(2012, Bangalore)

Online Real Estate Group Buying PortalPrime Venture Partners

Private Market Investing > Real Estate

Investobricks(2015, Surat)

Platform to browse and select real estate properties to invest in for consumers

Private Market Investing > Real Estate

TracxnSecondary(2016, Bangalore)

Secondary market investing platformPrivate Market Investing > Secondary Market

White Ocean(2015, Delhi)

Platform for secondary sale of sharesPrivate Market Investing > Secondary Market

Wealth Tech(2016, Mumbai)

Public market investmentsPublic Market Investing

Clearfunds(2016, Mumbai)

Investment tech startup in stealth modePublic Market Investing

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016166

Investment Tech (6/31)Company Overview Business Model Total Funding

MoneyWorks4me(2008, Pune)

Online portal for information and analysis on stocksPublic Market Investing

Minance(2014, Bangalore)

Quantitative research for Indian financial marketsPublic Market Investing

FundsInn(2013, Bangalore)

Online platform for users to invest into financial productsPublic Market Investing

IQN (2005, Mumbai)

IQN :: Real-Time Market Data Terminals, Charting & Technical Analysis Applications,Financial Market Software Solutions,Trading Platforms With Global Market Access

Public Market Investing

Moneysights(2009, Mumbai)

Online Mutual Fund InvestingBlume Ventures

Public Market Investing > Advisory

$270k

AimsQuant(2016, Delhi)

Investment advisory platform in stealth modePublic Market Investing > Advisory

Kuvera(2015, Bangalore)

Online wealth management portalPublic Market Investing > Advisory

Retirewell(2015, Mumbai)

Online investment advisory servicePublic Market Investing > Advisory

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Investment Tech (7/31)Company Overview Business Model Total Funding

Advisorkhoj(2012, Bangalore)

Location based online search engine for financial advisors and CAsPublic Market Investing > Advisory > Aggregator

Moneybloom(2015, Bangalore)

Platform for portfolio management Public Market Investing > Advisory > Portfolio Management

Indus Valley Partners(2000, Mumbai)

Provider of technology solutions and services to the alternative investment industry.

Public Market Investing > Advisory > Portfolio Management

MProfit(2009, Mumbai)

Portfolio Management and Accounting Software Public Market Investing > Advisory > Portfolio Management

MyStatement(2014, Delhi)

White label portfolio tracking app Public Market Investing > Advisory > Portfolio Management

Oxyzen Financial(2006, Ahmedabad)

Investment portfolio tracker Public Market Investing > Advisory > Portfolio Management

Wealth Whispers(2015, Mumbai)

Personal financial advisory solution Public Market Investing > Advisory > Portfolio Management

ManageMyFortune(2011, Mumbai)

Platform connecting retail investors to investment advisors Public Market Investing > Advisory > Portfolio Management

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016168

Investment Tech (8/31)Company Overview Business Model Total Funding

CutYourLosers(2013, Bangalore)

Web based portfolio management tool for stocks Public Market Investing > Advisory > Portfolio Management

Asset Vantage(2013, Mumbai)

Cloud-based investment management platform Public Market Investing > Advisory > Portfolio Management

Valweave(2013, Pune)

Wealth management platform solution Public Market Investing > Advisory > Portfolio Management > Practice Management Tool

OptionsTracker(2014, Mumbai)

Web based stock trading tools Public Market Investing > Advisory > Portfolio Management > Practice Management Tool

FundsIndia(2009, Chennai)

Online investment platform for mutual funds & other financial productsInventus Capital Partners, Foundation Capital, Faering Capital

Public Market Investing > Advisory > Robo Advisor

$15.41M

MyUniverse(2012, Mumbai)

Web & mobile based personal finance management platformIFC

Public Market Investing > Advisory > Robo Advisor

$9.7M

Scripbox(2012, Bangalore)

Web-based platform enabling investing in mutual fundsAccel Partners, Omidyar Network, NuVentures

Public Market Investing > Advisory > Robo Advisor

$3.24M

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Investment Tech (9/31)Company Overview Business Model Total Funding

5nance(2010, Mumbai)

Financial planning and management toolPublic Market Investing > Advisory > Robo Advisor

$2.5M

Goalwise(2015, Delhi)

Goal-based investing platformPublic Market Investing > Advisory > Robo Advisor

$1M

Fisdom(2015, Bangalore)

Mobile first robo advisorPublic Market Investing > Advisory > Robo Advisor

$500k

Wealthy(2015, Bangalore)

Automated advisor for tax saving investmentsTracxnLabs

Public Market Investing > Advisory > Robo Advisor

$237K

FundsGuru(2016, Bangalore)

Robo-advisory PlatformPublic Market Investing > Advisory > Robo Advisor

Opelq(2016, Bangalore)

Mobile first robo advisorPublic Market Investing > Advisory > Robo Advisor

Kwikplan(2016, Bangalore)

Robo-advisory platformPublic Market Investing > Advisory > Robo Advisor

Finatoz(2009, Bangalore)

Investment platform utilizing algo-based dynamic asset allocationPublic Market Investing > Advisory > Robo Advisor

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Investment Tech (10/31)Company Overview Business Model Total Funding

Direct Funda(2016, Gurgaon)

Mutual Fund investment platformPublic Market Investing > Advisory > Robo Advisor

Kipomo(2014, Mumbai)

Robo advisor for mutual fund investments.Public Market Investing > Advisory > Robo Advisor

WealthTrust(2015, Mumbai)

Zero commission wealth management appIndia Quotient

Public Market Investing > Advisory > Robo Advisor

Top3choice(2016, Mumbai)

Goal based mutual fund investment platformPublic Market Investing > Advisory > Robo Advisor

FundExpert(2016, Bangalore)

Automated mutual fund investing platformPublic Market Investing > Advisory > Robo Advisor

RoboAdviso(2016, Gurgaon)

Mutual fund robo-Advisory platformPublic Market Investing > Advisory > Robo Advisor

Fincash(2016, Mumbai)

Online Investment AdvisorPublic Market Investing > Advisory > Robo Advisor

Taking stocks(2015, Bangalore)

Robo advisorPublic Market Investing > Advisory > Robo Advisor

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Investment Tech (11/31)Company Overview Business Model Total Funding

Upwardly(2016, Bangalore)

Personalized Wealth Management & Advisory PlatformPublic Market Investing > Advisory > Robo Advisor

Finpeg(2016, Mumbai)

Online robo-advisory platformPublic Market Investing > Advisory > Robo Advisor

Finaskus(2015, Bangalore)

Mobile first robo-advisorPublic Market Investing > Advisory > Robo Advisor

Oxyzenfin(2015, Ahmedabad)

Automated goal-based investing platformPublic Market Investing > Advisory > Robo Advisor

WealthForce(2015, Delhi)

Automated mutual fund investment platformPublic Market Investing > Advisory > Robo Advisor

CashRich(2016, Mumbai)

Mobile wealth management appPublic Market Investing > Advisory > Robo Advisor

Upraise Labs(2015, Delhi)

Robo-advisory to invest in direct plansPublic Market Investing > Advisory > Robo Advisor

Tavaga(2015, Mumbai)

Mobile and web based investment management platformPublic Market Investing > Advisory > Robo Advisor

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016172

Investment Tech (12/31)Company Overview Business Model Total Funding

Dirvest(2015, Mumbai)

Investment advisory platform - Stealth ModePublic Market Investing > Advisory > Robo Advisor

ORO Wealth(2015, Mumbai)

Zero commission investment platformPublic Market Investing > Advisory > Robo Advisor

Bharosa Club(2015, Delhi)

Robo Advisor for direct plansPublic Market Investing > Advisory > Robo Advisor

Unovest(2015, Mumbai)

Investment platform for Mutual Fund Direct PlansPublic Market Investing > Advisory > Robo Advisor

Better Wealth Financial Services

(2016, Jaipur)

Robo AdvisorPublic Market Investing > Advisory > Robo Advisor

MySIPOnline(2015, Jaipur)

Online platform for SIP investmentsPublic Market Investing > Advisory > Robo Advisor

Invest Front(2014, Bangalore)

Fully automated personal investment management platform,Public Market Investing > Advisory > Robo Advisor

AdviseSure(2015, Mumbai)

Online investment portfolio tracking and managementPublic Market Investing > Advisory > Robo Advisor

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016173

Investment Tech (13/31)Company Overview Business Model Total Funding

Wixifi(2014, Delhi)

Robo investment advisory.Public Market Investing > Advisory > Robo Advisor

FinoTrust(2015, Gurgaon)

Online financial plannerPublic Market Investing > Advisory > Robo Advisor

Moneybase(2012, Kochi)

Financial advisory company to aid with informed personal finance decisions

Public Market Investing > Advisory > Robo Advisor

Wealthenabler(2014, Bangalore)

Online Platform for mutual fund investmentsPublic Market Investing > Advisory > Robo Advisor

SAFE Trade(2011, Hyderabad)

Automated stock market advisory systemPublic Market Investing > Advisory > Robo Advisor

Moneyfrog(2014, Mumbai)

Personal Financial PlannerPublic Market Investing > Advisory > Robo Advisor

InvestWorks(2012, Mumbai)

Online investment management platformPublic Market Investing > Advisory > Robo Advisor

ArthaYantra(2007, Hyderabad)

Web-based platform for personal finance planningWFA Global Investments

Public Market Investing > Advisory > Robo Advisor

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016174

Investment Tech (14/31)Company Overview Business Model Total Funding

RupeeVest(2013, Kolkata)

Online self-help investment platformPublic Market Investing > Advisory > Robo Advisor

TriVest Folio(2013, Mumbai)

Online Personal Investment ToolPublic Market Investing > Advisory > Robo Advisor

FinoZen(2016, Bangalore)

Mobile first investment platform Public Market Investing > Advisory > Robo Advisor > Micro Investments

Teaspoon(2015, Bangalore)

Mobile based tool to make small investments Public Market Investing > Advisory > Robo Advisor > Micro Investments

ShareBazaar(2014, Kolkata)

Mobile application for stock market news and tutorials.Public Market Investing > Advisory > Trading Tips

TeckAnalytics(2016, Gurgaon)

Big data based stock alert platformPublic Market Investing > Advisory > Trading Tips

Alliance Research(2014, Jabalpur)

Commodity trading tips and market information providerPublic Market Investing > Advisory > Trading Tips

Commodity Online Tip(2015, Delhi)

If you want tips for online trade in commodity market, visit us today and grab our risk free trial advisory.

Public Market Investing > Advisory > Trading Tips

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016175

Investment Tech (15/31)Company Overview Business Model Total Funding

Stockarcs(2015, Kanchipuram)

Buy, sell signal charts software solutions provider.Public Market Investing > Advisory > Trading Tips

BullTrack(2010, Kolkata)

Stock buy and sell signal appPublic Market Investing > Advisory > Trading Tips

TradingSocial(2016, Bangalore)

Social platform for traders and investorsPublic Market Investing > Advisory > Trading Tips

TradeMaster(2013, Mumbai)

Subscription based social platform to connect investors and Lead analysts

Public Market Investing > Advisory > Trading Tips

Tipbaba(2015, Gurgaon)

Platform to connect to follow top stock performersPublic Market Investing > Advisory > Trading Tips

Tipstop(2015, Mumbai)

Online portal for stock market research products.Public Market Investing > Advisory > Trading Tips

Alpha Invesco(2009, Pune)

Online investment advice and portfolio management companyPublic Market Investing > Advisory > Trading Tips

Squareoff(2014, Chennai)

Algo trading solutions Public Market Investing > Advisory > Trading Tips > Execution Platform

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Investment Tech (16/31)Company Overview Business Model Total Funding

Investopresto(2009, Hyderabad)

Investment Portal for Indian investors. (Deadpooled)Crystal Horse Investments

Public Market Investing > Content

$296k

Zoom Stocks(2015, Delhi)

Content platform for investorsPublic Market Investing > Content

Niveza(2010, Pune)

Stock market content platformPublic Market Investing > Content

Morningstar India(1984, Mumbai)

Financial content platformPublic Market Investing > Content

Value Research(1990, Delhi)

Investment content websitePublic Market Investing > Content

India Finance Bazaar(2010, Chennai)

Investment data platformPublic Market Investing > Content

Moneycontrol(1999, Mumbai)

Digital news content related to stock markets, finance and economy.Public Market Investing > Content

Equitymaster(1996, Mumbai)

Stock market data platformPublic Market Investing > Content

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Investment Tech (17/31)Company Overview Business Model Total Funding

Business Today(1982, Noida)

Business and financial news platformPublic Market Investing > Content

MyDigitalFC(2008, Delhi)

Finance data platformPublic Market Investing > Content

Goodreturns.in(2006, Bangalore)

Financial news platformPublic Market Investing > Content

Money Classic Research(2013, Indore)

Provides research and information on Indian capital marketsPublic Market Investing > Content

Intraday Traders(2012, Bangalore)

Online portal for providing stock informationPublic Market Investing > Content

Investor Realm(2014, Dehradun)

Online portal providing investments/savings informationPublic Market Investing > Content

CafeMutual(2010, Mumbai)

Content generation and sharing platform for mutual fund professionalsPublic Market Investing > Content

Major Gainz(2013, Mumbai)

Comprehensive financial portalPublic Market Investing > Content

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Investment Tech (18/31)Company Overview Business Model Total Funding

Capvision Investment(2013, Indore)

Provides recommendation in all segment of investment marketsPublic Market Investing > Content

Trendlyne(2015, Bangalore)

Information portal for public market investorsPublic Market Investing > Content

Nifty Alert(2012, Delhi)

Stock market advisory firmPublic Market Investing > Content

InvestorsAreIdiots(2010, Mumbai)

Web platform offering subscription based financial contentPublic Market Investing > Content

Falcon(2014, Hyderabad)

Cloud based multi-channel stock tip servicePublic Market Investing > Content

Capital Mind(2013, Bangalore)

Indian stocks, fixed income and macroeconomics analysisPublic Market Investing > Content

BrainBought(2012, Ahmedabad)

Online resources for investing in stock marketsPublic Market Investing > Content

TipBazaar(2013, Pune)

Analytical market place for stock analysts to list & sell their tip packages

Public Market Investing > Content

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016179

Investment Tech (19/31)Company Overview Business Model Total Funding

Amigobulls(2013, Bangalore)

Market information, analysis & research on US listed tech stocks for investorsLetsVenture

Public Market Investing > Content

Commodity Master(2015, Ludhiana)

Commodity tips for traders Public Market Investing > Content > Commodity Markets

Money CapitalHeight Research Investment Advisers

(2011, Indore)

Stock advisory company in stock & commodity market Public Market Investing > Content > Commodity Markets

Fundsupermart India(2009, Mumbai)

Content platform for mutual fund investmentPublic Market Investing > Content > Mutual Funds

MarketsMojo(2015, Mumbai)

Algorithm-based stock research platformPublic Market Investing > Data Platform

$300.26k

TrueData(2014, Gandhinagar)

Real-time data providerPublic Market Investing > Data Platform

Stockarcs(2015, Chennai)

Intraday Trading Buy Sell Signal Software Nifty MCX Live ChartsShare Market Software

Public Market Investing > Data Platform

PRIME Database(1998, Delhi)

Capital market data platformPublic Market Investing > Data Platform

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016180

Investment Tech (20/31)Company Overview Business Model Total Funding

Stock Circuit App(, Gurgaon)

App for stock comparison videoPublic Market Investing > Data Platform

Pristo(2016, Bangalore)

Stock research platformPublic Market Investing > Data Platform

Teligenz(2013, Bangalore)

Gym Management System and Cloud based trading platformPublic Market Investing > Data Platform

TickerPlant(2005, Mumbai)

Real-time market data, news, technical analysis & charting platformPublic Market Investing > Data Platform

iCharts(2007, Hyderabad)

Real time data and chartsPublic Market Investing > Data Platform

Equinox Trend(2012, Chennai)

Real time market data providerPublic Market Investing > Data Platform

CDP India(1991, Mumbai)

Real-Time Market data, news and tools providerPublic Market Investing > Data Platform

Bloomberg India(1996, Mumbai)

Trading and news platformPublic Market Investing > Data Platform

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016181

Investment Tech (21/31)Company Overview Business Model Total Funding

GoStocks(2014, Chennai)

Online subscription platform disseminating Indian stocks and market information

Public Market Investing > Data Platform

ZyFin(2011, Mumbai)

Provides information regarding economic indicatorsZodius, Anthemis Group

Public Market Investing > Data Platform

BullBear Device(2014, Ahmedabad)

Smartphone app for real-time financial data and quotes of Indian + global indices

Public Market Investing > Data Platform

Equity Boss(2012, Chennai)

Web-based platform for discovering stocks and analysis for investment decisions

Public Market Investing > Data Platform

Neotrade Analytics(2013, Bangalore)

Real time data and analytics provider of stocksRainmatter

Public Market Investing > Data Platform > Analytics

$227K

TradeWellPlanned(2014, Pune)

Real-time trading signals and research toolsPublic Market Investing > Data Platform > Analytics

1MarketView(2015, Mumbai)

Stock market data and analysis for traders and investorsPublic Market Investing > Data Platform > Analytics

WealthyFox(2016, Mumbai)

Platform for aggregating & comparing financial analytics companiesPublic Market Investing > Data Platform > Analytics

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Investment Tech (22/31)Company Overview Business Model Total Funding

NSEData(2013, Surat)

Technical analysis tools for NSEPublic Market Investing > Data Platform > Analytics

Spider Software(2000, Mumbai)

Real Time and End of Day technical analysis softwarePublic Market Investing > Data Platform > Analytics

Reliable Software(1990, Mumbai)

Real time market data and technical analysis software for stocks and commodities

Public Market Investing > Data Platform > Analytics

NextTrade(2014, Chennai)

Cognitive trading services for global marketsPublic Market Investing > Data Platform > Analytics

First Charting(2012, Bangalore)

Charting software for Indian stock and commodity marketsPublic Market Investing > Data Platform > Analytics

StockwarePro(2012, Thiruvananthapuram)

Technical analysis software for stocksPublic Market Investing > Data Platform > Analytics

TradeWellPlanned(2014, Pune)

Real-time trading signals and research toolsPublic Market Investing > Data Platform > Analytics

Milk-or-Water(2011, Delhi)

Stock market investment advice for retail investorsPublic Market Investing > Data Platform > Analytics

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Investment Tech (23/31)Company Overview Business Model Total Funding

Alphamatters(2012, Bangalore)

Quantitative research service providerPublic Market Investing > Data Platform > Analytics

StockViz(2012, Bangalore)

Online platform to track and analyse stocks listed in IndiaPublic Market Investing > Data Platform > Analytics

TradersCockpit(2011, Bangalore)

Provider of stock market analysis and cloud based market analysis software

Public Market Investing > Data Platform > Analytics

Snolr(2010, Lucknow)

Platform offering data analytics based stock market analysisPublic Market Investing > Data Platform > Analytics

Screener.in(2012, Mumbai)

Web based stock analysis and screening toolPublic Market Investing > Data Platform > Analytics

Risk Edge Solutions(2013, Hyderabad)

Integrated risk analytics platform providing commodity risk management solutions

Public Market Investing > Data Platform > Analytics > Commodity Trading

Stockal(2014, Chennai)

Search Engine for stock investors with social media insights Public Market Investing > Data Platform > Analytics > Sentiment Index

Crowd.in(2014, Bangalore)

Real time public market sentiment index Public Market Investing > Data Platform > Analytics > Sentiment Index

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016184

Investment Tech (24/31)Company Overview Business Model Total Funding

Mannu(2016, Kolkata)

Personal stock market assistantPublic Market Investing > Data Platform > Chatbots

Commoditiescontrol(2004, Mumbai)

Mobile app to access information on various commodities for physical traders

Public Market Investing > Data Platform > Commodities

MCX Market Watch(2014, Ahmedabad)

Real-time commodity trading data app Public Market Investing > Data Platform > Commodities

Market Pulse(2015, Mumbai)

Real-time MCX data & market intelligence provider Public Market Investing > Data Platform > Commodities

Indian Trading League(2015, Mumbai)

Pro-Active Online Trading PlatformPublic Market Investing > Gamification

Fundzbazar(2016, Ahmedabad)

Online platform to make mutual investmentsPublic Market Investing > Mutual Funds

MoneyMarg(2012, Udaipur)

Online mutual fund investment platformPublic Market Investing > Mutual Funds

Anvil Share & Stock Broking(2004, Mumbai)

Online trading and portfolio managementPublic Market Investing > Trading Platform

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016185

Investment Tech (25/31)Company Overview Business Model Total Funding

Amrapali Aadya(2015, Lucknow)

Online platform provides for equity and mutual fund tradingPublic Market Investing > Trading Platform

TradeWithMe(2015, Bangalore)

Mentored Trading and Training services portalPublic Market Investing > Trading Platform

Labinoption(2015, Mumbai)

Binary trading platform Public Market Investing > Trading Platform > Binary Option Trading

Enrich Commodities(2013, Chennai)

Flat fee commodity trading platform Public Market Investing > Trading Platform > Commodity Trading

Glive(2013, Mumbai)

White label commodities trading platform Public Market Investing > Trading Platform > Commodity Trading

Pepko(2015, Delhi)

Commodity trading and foreign exchange platform Public Market Investing > Trading Platform > Commodity Trading

Bullion India(2012, Mumbai)

Online platform for SPOT trading in bullion-based products Public Market Investing > Trading Platform > Commodity Trading

FXIN Trading Co(2010, Mumbai)

Subscription based online forex trading platform Public Market Investing > Trading Platform > Forex Trading

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016186

Investment Tech (26/31)Company Overview Business Model Total Funding

Nord Forex(2010, Delhi)

SEBI regulated forex broker in india. Public Market Investing > Trading Platform > Forex Trading

TradePlus(2004, Chennai)

Online trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform

ICICI Direct(1999, Mumbai)

Online stock trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform

Fyers(2014, Bangalore)

Online stock trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Commission

KIFS Trade Capital(2014, Ahmedabad)

Web-based trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Commission

ShareShoppe(2015, Indore)

Web and mobile trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Commission

AxisDirect(2010, Mumbai)

Online Trading Platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Commission

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Investment Tech (27/31)Company Overview Business Model Total Funding

Religare Online(1984, Delhi)

Online Share Trading Public Market Investing > Trading Platform > Online Stock Trading Platform > Commission

Kotak Securities(1994, Mumbai)

Stock Broker and online trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Commission

RKSV(2009, Mumbai)

Online retail brokerage firmKalaari, GVK

Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee

$4M

5paisa Capital(2015, Chennai)

Online stock trading platform and mutual fund robo-advisor Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee

Time Capital(1991, Delhi)

Online platform for public market investing. Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee

Compositedge(1995, Bangalore)

Flat fee trading company Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee

Fortune Trading Company(2009, Chennai)

Flat fee trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016188

Investment Tech (28/31)Company Overview Business Model Total Funding

My Value Trade(2014, Delhi)

Flat fee trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee

Microsec(2014, Kolkata)

Flat fee trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee

SAMCO(2004, Mumbai)

Online Share & Commodity Trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee

South Asian Stocks (SAS online)

(2010, Delhi)

Online trading platform and brokerage services for traders Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee

Tradesmartonline(2013, Mumbai)

Web and mobile based trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee

Zerodha(2010, Bangalore)

Brokerage-free, flat rate per trade trading platform for retail investors Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee

TradeJini(2012, Bangalore)

Online integrated trading services for equities, commodities & currencies

Public Market Investing > Trading Platform > Online Stock Trading Platform > Flat Fee

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016189

Investment Tech (29/31)Company Overview Business Model Total Funding

Upstox(2016, Mumbai)

Mobile first trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Mobile First

Inves(2015, Bangalore)

Mobile first trading platform Public Market Investing > Trading Platform > Online Stock Trading Platform > Mobile First

Stockezy(2008, Mumbai)

Social investing community.Dorsey

Public Market Investing > Trading Platform > Online Stock Trading Platform > Social Trading

$100k

TradeStreet(2012, Bangalore)

Social network for stock traders and analystsGSF India

Public Market Investing > Trading Platform > Online Stock Trading Platform > Social Trading

WeProfit(2015, Delhi)

Mobile app to follow expert traders and copy their trades Public Market Investing > Trading Platform > Online Stock Trading Platform > Social Trading

ShereIt(2015, Mumbai)

White-label social trading network for stock brokerage firmsStartupbootcamp

Public Market Investing > Trading Platform > Online Stock Trading Platform > Social Trading

Talkoot(2015, Bangalore)

Social platform for traders and investors Public Market Investing > Trading Platform > Online Stock Trading Platform > Social Trading

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016190

Investment Tech (30/31)Company Overview Business Model Total Funding

Money Plant(2015, Bangalore)

Trading advisory app Public Market Investing > Trading Platform > Professional Advice

Baan Money(2015, Gurgaon)

Online financial information portal and appointment booking platform for financial advisors

Public Market Investing > Trading Platform > Professional Advice

zupZup(2015, Delhi)

Professional stock advisory service Public Market Investing > Trading Platform > Professional Advice

Faircoin(2015, Bangalore)

Thematic investment platform Public Market Investing > Trading Platform > Thematic Investing

Kollectify(2015, Mumbai)

Thematic investment Platform Public Market Investing > Trading Platform > Thematic Investing

Smallcase(2015, Bangalore)

Platform for thematic investing in public markets Public Market Investing > Trading Platform > Thematic Investing

Tauro Wealth(2015, Bangalore)

Online platform providing investment ideas on thematic investingTracxnLabs

Public Market Investing > Trading Platform > Thematic Investing

Niveshi(2013, Delhi)

Intelligent Covestor Platform Public Market Investing > Trading Platform > Thematic Investing

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016191

Investment Tech (31/31)Company Overview Business Model Total Funding

Skybulls(2012, Delhi)

Simulated multi-exchange stock market trading platform. (Deadpooled)Start-Up Chile

Public Market Investing > Trading Platform > Virtual Trading

$40k

Moneypot.in(2009, Mumbai)

Virtual Stock trading game platform Public Market Investing > Trading Platform > Virtual Trading

Mystocklive(2015, Pune)

Virtual stock trading platform Public Market Investing > Trading Platform > Virtual Trading

Stockfans(2013, Gurgaon)

Virtual trading platform Public Market Investing > Trading Platform > Virtual Trading

Subillion(2013, Delhi)

Virtual trading platform Public Market Investing > Trading Platform > Virtual Trading

Stock Wolf(2015, Delhi)

Virtual stock trading platform Public Market Investing > Trading Platform > Virtual Trading

Ztocky(2014, Vadodara)

Social/gaming mobile app based on virtual stock trading Public Market Investing > Trading Platform > Virtual Trading

Software for

Institutional

Investors

<< Go to BM List >> Consumer Finance

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Fintech India Report – October 2016192

Consumer Finance (1/21)Company Overview Business Model Total Funding

ChangeStreet(2016, Bangalore)

Savings and financial planning platform

InMotion(2015, Delhi)

Financial ecosystem for daily wage workers

Walat(2016, Kochi)

Mobile app that facilitates card-less ATM transactionsCash Withdrawal

digibank by DBS(2011, Mumbai)

Rebranded front end for DBS bankDigital Bank

PayVega(2014, Mumbai)

Digital banking platformDigital Bank

TestiMoney.com(2016, Bangalore)

Marketplace of financial product distributorsMultiple Products Aggregator

Increment(2016, Delhi)

Financial products platformMultiple Products Aggregator

Cardback(2012, Delhi)

Location aware offers for all kind of CardsLetsVenture, Tholons Capital, Morpheus Gang Payment Management $170k

Investment Tech << Go to BM List >> Enterprise Finance

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Consumer Finance (2/21)Company Overview Business Model Total Funding

CardXpert(2015, Bangalore)

Card payment management appPayment Management

Perfios(2008, Bangalore)

Personal Finance Management portalPersonal Finance Mangement

$2M

FinPeace(2016, Mumbai)

Personal Finance Mangement

Credit Note(2016, Pune)

Mobile app to track moneyPersonal Finance Mangement

InstaEMI.com(2012, Hyderabad)

Aggregator platform for loans and investment productPersonal Finance Mangement

TruMoney(2015, Delhi)

Personal finance management platformPersonal Finance Mangement

akcheapp.com(2007, Mumbai)

Personal finance management application for Windows phonesPersonal Finance Mangement

QUBLE(2012, Gurgaon)

Personal finance management applicationPersonal Finance Mangement

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016194

Consumer Finance (3/21)Company Overview Business Model Total Funding

GoMaMo(2014, Chennai)

Personal Finance Management AppPersonal Finance Mangement

ManageME(2006, Delhi)

Cloud-based financial management solution for individualsPersonal Finance Mangement

InvestmentYogi(2008, Hyderabad)

Web based portal for financial planning and tax e-filingThinkplus

Personal Finance Mangement

Mowize(2016, Gurgaon)

Mobile app based personal finance manager Personal Finance Mangement > Accounts Management

Walnut(2014, Pune)

Mobile based personal SMS assistant and expense tracking appSAIF Partners, Sequoia Capital

Personal Finance Mangement > Budgeting

$9M

MoneyView(2014, Bangalore)

Personal finance smartphone appAccel Partners, Tiger Global Management, Ribbit Capital

Personal Finance Mangement > Budgeting

$8.5M

Qykly(2016, Noida)

Expense and transactions tracking appPersonal Finance Mangement > Budgeting

ETMoney(2014, Gurgaon)

Wealth management and expense tracking appPersonal Finance Mangement > Budgeting

Investment Tech << Go to BM List >> Enterprise Finance

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Consumer Finance (4/21)Company Overview Business Model Total Funding

Mtrakr(2016, Delhi)

Mobile app to track persoinal financial expensesPersonal Finance Mangement > Budgeting

Monty Frugal(2016, Mumbai)

App to track personal expensesPersonal Finance Mangement > Budgeting

Money360(2016, Pune)

Personal finance management appPersonal Finance Mangement > Budgeting

Msnowball(2016, Kochi)

Personal financial management softwarePersonal Finance Mangement > Budgeting

KeepChits(2016, Chandigarh)

Expense management appPersonal Finance Mangement > Budgeting

Goals101(2015, Delhi)

Intelligent banking and PFM solution providerPersonal Finance Mangement > Budgeting

MoneySmart(2014, Mumbai)

Personal finance management based mobile applicationPersonal Finance Mangement > Budgeting

mExpense(2015, Surat)

Budgeting and Expense tracking platformPersonal Finance Mangement > Budgeting

Investment Tech << Go to BM List >> Enterprise Finance

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Consumer Finance (5/21)Company Overview Business Model Total Funding

Money Quotient(2015, Chennai)

Personal Finance Management appPersonal Finance Mangement > Budgeting

Wallora(2016, Bangalore)

Personal finance management appPersonal Finance Mangement > Budgeting

Pocket Money(2015, Kochi)

Password protected expense management appPersonal Finance Mangement > Budgeting

LogicalExpenses(2015, Pune)

Daily expense tracking appPersonal Finance Mangement > Budgeting

Wallet+(2015, Mumbai)

Personal data storage and expense manager mobile appPersonal Finance Mangement > Budgeting

SpendWize(2013, Bangalore)

Automated expense trackerPersonal Finance Mangement > Budgeting

Motlay(2012, Gurgaon)

Personal finance applicationPersonal Finance Mangement > Budgeting

moFi(2015, Gurgaon)

Personal finance managerPersonal Finance Mangement > Budgeting

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016197

Consumer Finance (6/21)Company Overview Business Model Total Funding

Blue Wallet(2015, Mumbai)

Personal finance management appPersonal Finance Mangement > Budgeting

Jottr.in(2013, Mumbai)

E-mail based expense tallying app.Personal Finance Mangement > Budgeting

Expns(2015, Chennai)

Expense management appPersonal Finance Mangement > Budgeting

Bahi Khata(2015, Mumbai)

Mobile based expense management applicationPersonal Finance Mangement > Budgeting

Trackash(2015, Chennai)

Personal expense management toolPersonal Finance Mangement > Budgeting

Trakr(2015, Delhi)

Personal expense management solution with document storagePersonal Finance Mangement > Budgeting

Beewise(2015, Mumbai)

Expense tracking app500 Startups

Personal Finance Mangement > Budgeting

FinBox(2015, Mumbai)

Expense/bill tracking and personal finance management appPersonal Finance Mangement > Budgeting

Investment Tech << Go to BM List >> Enterprise Finance

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Consumer Finance (7/21)Company Overview Business Model Total Funding

OneSmartWallet(2014, Bangalore)

Online platform for expense tracking and analysing spending patternsPersonal Finance Mangement > Budgeting

Faayda(2015, Delhi)

personal expense management applicationPersonal Finance Mangement > Budgeting

Splito(2015, Delhi)

Mobile app for personal expense managementPersonal Finance Mangement > Budgeting

MonSense(2014, Bangalore)

Expense tracker appPersonal Finance Mangement > Budgeting

Gullak(2015, Noida)

Mobile app for personal finance managementPersonal Finance Mangement > Budgeting

Scrooge(2015, Kochi)

Spend Tracking and Management applicationPersonal Finance Mangement > Budgeting

Khaatha(2015, Hyderabad)

Smartphone app to split group expenses and keep records of spendingsPersonal Finance Mangement > Budgeting

MyCenter(2015, Gurgaon)

Smartphone app providing spend statistics by tracking user's SMSPersonal Finance Mangement > Budgeting

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016199

Consumer Finance (8/21)Company Overview Business Model Total Funding

WealthPack(2014, Gurgaon)

Automated personal finance management appPersonal Finance Mangement > Budgeting

TrackEveryCoin(2010, Bangalore)

Web platform & mobile app for expense tracking & managementPersonal Finance Mangement > Budgeting

BillBaba(2011, Noida)

Online platform for aggregating bill payment info andPersonal Finance Mangement > Budgeting

Kitna Tax(2015, Delhi)

App to calculate taxes levied at F&B establishments. Personal Finance Mangement > Budgeting > Bill Management

Hyberpay(2015, Delhi)

Mobile app based bill management system for consumers Personal Finance Mangement > Budgeting > Bill Management

PaisaInvest(2015, Mumbai)

Online platform for financial planning, tax planning, investment advisory, research and education

Personal Finance Mangement > Content

Money Laxmi(2011, Gurgaon)

Personal finance information and comparison portalPersonal Finance Mangement > Content

PennySplit(2016, Kanpur)

Platform for splitting group expenses Personal Finance Mangement > Expense Splitting

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016200

Consumer Finance (9/21)Company Overview Business Model Total Funding

ShareExpense(2014, Vadodara)

Expense tracking and splitting app Personal Finance Mangement > Expense Splitting

KnoDues(2015, Gurgaon)

Expense splitting app Personal Finance Mangement > Expense Splitting

KnowDues(2015, Delhi)

Mobile app for expense sharing Personal Finance Mangement > Expense Splitting

SimpliWealth(2015, Bangalore)

Financial planning and investment platform Personal Finance Mangement > Financial Planning

Aapka Wealth(2016, Gurgaon)

Online platform to book a financial advisor Personal Finance Mangement > Financial Planning

YfinAdvisoR(2015, Delhi)

Online financial planning Personal Finance Mangement > Financial Planning

Rupiya Paisa(2015, Mumbai)

Investment advisory and financial planning platform Personal Finance Mangement > Financial Planning

Progno Advisor(2012, Kochi)

Online financial planning service Personal Finance Mangement > Financial Planning

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016201

Consumer Finance (10/21)Company Overview Business Model Total Funding

Chqbook(2016, Gurgaon)

On-demand financial services platform Personal Finance Mangement > Financial Planning

Big Decisions(2013, Mumbai)

Decision making tools for smarter financial decisions Personal Finance Mangement > Financial Planning

Tecwealth(2014, Mumbai)

Financial planning platform Personal Finance Mangement > Financial Planning

GoFinx(2015, Gurgaon)

Online personal finance planner website Personal Finance Mangement > Financial Planning

Adad Fin Advisors(2009, Lucknow)

Financial planning platform Personal Finance Mangement > Financial Planning

Mintster(2013, Mumbai)

Financial planning tools Personal Finance Mangement > Financial Planning

The Rite Plan(2014, Bangalore)

Financial planning platform Personal Finance Mangement > Financial Planning

FinMitra(2015, Bangalore)

Goal based financial planning platform Personal Finance Mangement > Financial Planning

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016202

Consumer Finance (11/21)Company Overview Business Model Total Funding

Money To Life(2014, Pune)

Retirement investment planning services Personal Finance Mangement > Financial Planning

PiggyBNK(2015, Mumbai)

Mobile based personal finance management application Personal Finance Mangement > Financial Planning

y Money Karma(2015, Hyderabad)

Web platform helping to aggregate and manage personal finances Personal Finance Mangement > Financial Planning

MYmoneymarket(2014, Delhi)

End-to-end solution for several financial products and financial planning for consumers

Personal Finance Mangement > Financial Planning

Seven Prosper(2014, Indore)

Personal financial management tool Personal Finance Mangement > Financial Planning

EasyLife(2005, Ahmedabad)

Web based personal finance management software Personal Finance Mangement > Financial Planning

Investeaze(2014, Delhi)

Online platform for customized investment advice for personal financial goals

Personal Finance Mangement > Financial Planning

Investkart(2015, Delhi)

Aggregator for financial products Personal Finance Mangement > Financial Planning > Aggregator

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016203

Consumer Finance (12/21)Company Overview Business Model Total Funding

Locatexprt(2015, Mumbai)

Smartphone app to locate financial professionals for services. Personal Finance Mangement > Financial Planning > Aggregator

Money Uncle(2015, Mumbai)

Personal finance advisory marketplace Personal Finance Mangement > Financial Planning > Aggregator

Personal Finance Plan(2014, Mumbai)

Online personal finance advisory Personal Finance Mangement > Financial Planning > Aggregator

RupeeTalk(2007, Mumbai)

Online content portal for personal financeSeedfund

Personal Finance Mangement > Financial Planning > Aggregator

Invest Guru(2003, Delhi)

Online platform for comparing investment products Personal Finance Mangement > Financial Planning > Aggregator

FINQA(2013, Gurgaon)

Fee based financial advisory and solutions Personal Finance Mangement > Financial Planning > Aggregator

FinMart(2013, Surat)

Online platform to search and apply for financial services Personal Finance Mangement > Financial Planning > Aggregator

IndianMoney(2008, Bangalore)

Web based platform for financial advice/educationHyderabad Angels, The Times Group

Personal Finance Mangement > Financial Planning > Aggregator

Investment Tech << Go to BM List >> Enterprise Finance

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Consumer Finance (13/21)Company Overview Business Model Total Funding

Fincart(2013, Delhi)

Online financial planning and wealth management solutions Personal Finance Mangement > Financial Planning > Aggregator

Affordplan(2016, Delhi)

Saving plans for medical treatmentKstart

Personal Finance Mangement > Savings

$500K

Bankoncube(2016, Mumbai)

Automated savings appPersonal Finance Mangement > Savings

Groww(2016, Bangalore)

Platform for investing consumer's savingsPersonal Finance Mangement > Savings

Mintwalk(2016, Mumbai)

Machine learning and algorithm based platform to devise and manage saving plans for individuals

Personal Finance Mangement > Savings

SYM(2015, Kochi)

Web and mobile app-based microsavings platformPersonal Finance Mangement > Savings

SaveAbhi(2015, Gurgaon)

Micro savings platformPersonal Finance Mangement > Savings

Pulse(2013, San Francisco)

Mobile based micro-savings and payments platformPersonal Finance Mangement > Savings

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016205

Consumer Finance (14/21)Company Overview Business Model Total Funding

Jewelrich(2016, Mumbai)

Mobile and web platform to compare and invest in gold investment schemes.

Personal Finance Mangement > Savings > Gold

Cleartax(2010, Delhi)

Free Income Tax preparation and e-filing portalY Combinator, Paytm, SAIF Partners, Sequoia Capital, Founders Fund, FundersClub

Personal Finance Mangement > Tax Filing

$15.42M

tax2win(2015, Jaipur)

Online platform for income tax returns filingPersonal Finance Mangement > Tax Filing

$1M

Hello Tax(2015, Delhi)

Online tax filling platformPersonal Finance Mangement > Tax Filing

$294K

MakeMyReturns(2011, Mumbai)

Online Tax Advisory and Filing ServicePersonal Finance Mangement > Tax Filing

$200k

TaxRaahi(2016, Delhi)

Tax filing platformPersonal Finance Mangement > Tax Filing

TaxBandhu(2014, Patna)

Online portal for filing income tax returnPersonal Finance Mangement > Tax Filing

Instant ITR(2015, Delhi)

Online ITR filing portalPersonal Finance Mangement > Tax Filing

Investment Tech << Go to BM List >> Enterprise Finance

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Consumer Finance (15/21)Company Overview Business Model Total Funding

TaxReturnWala(2016, Mohali)

Online tax filing platformPersonal Finance Mangement > Tax Filing

TaxSigma(2013, Kolkata)

Online platform for taxation related servicesPersonal Finance Mangement > Tax Filing

TaxTab(2015, )

Online tax filings platform for individualsPersonal Finance Mangement > Tax Filing

Taxsmile(2007, Bangalore)

End-to-end income tax return solutionsPersonal Finance Mangement > Tax Filing

eTaxcorner(2015, Hyderabad)

Tax return filing platformPersonal Finance Mangement > Tax Filing

Savemytax(2016, Coimbatore)

Tax filing platformPersonal Finance Mangement > Tax Filing

HamaraTax(2014, Thiruvananthapuram)

Tax filing platform for Individuals and BusinessesPersonal Finance Mangement > Tax Filing

TaxTitans(2015, Vadodara)

Online tax filing platform for individuals and businessesPersonal Finance Mangement > Tax Filing

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016207

Consumer Finance (16/21)Company Overview Business Model Total Funding

Omni Tax Returns(2014, Hyderabad)

Income tax returns e-filing assistant appPersonal Finance Mangement > Tax Filing

ReturnTouch(2015, Kolkata)

IT returns filing platformPersonal Finance Mangement > Tax Filing

Tax Chanakya(2012, Coimbatore)

Online Income tax filingPersonal Finance Mangement > Tax Filing

MyTaxHelper(2009, Delhi)

online filing of tax returnsPersonal Finance Mangement > Tax Filing

Filemyitr(2013, Delhi)

IT efiling servicesPersonal Finance Mangement > Tax Filing

eFiler(2001, Faridabad)

Income Tax India eFilingPersonal Finance Mangement > Tax Filing

Makeyourtax(2015, Kolkata)

Online tax filing platformTaxmantra, Indus Net Technologies

Personal Finance Mangement > Tax Filing

TaxFriday(2013, Hyderabad)

Online tax filing platformPersonal Finance Mangement > Tax Filing

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016208

Consumer Finance (17/21)Company Overview Business Model Total Funding

Taxshax(2007, Pune)

Income Tax Return e-Filing solutionPersonal Finance Mangement > Tax Filing

Tax Dost(2013, Faridabad)

Income Tax Returns e-filling for salaried and professionals employeesPersonal Finance Mangement > Tax Filing

Wealth4India(2013, Gurgaon)

Online tax filingPersonal Finance Mangement > Tax Filing

iTax Solution(2012, Nashik)

Income tax efiling servicesPersonal Finance Mangement > Tax Filing

IncometaxReturn(2012, Faridabad)

Online Income tax Return FilingPersonal Finance Mangement > Tax Filing

ITR Filing(2014, Kochi)

Experts Assisted Online Income Tax Return FilingPersonal Finance Mangement > Tax Filing

Vittena(2013, Chennai)

Tax Planner and income tax e-filingPersonal Finance Mangement > Tax Filing

EasyITfiling(2010, Hyderabad)

Portal for filing Income Tax Returns onlinePersonal Finance Mangement > Tax Filing

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016209

Consumer Finance (18/21)Company Overview Business Model Total Funding

TaxZippy(2015, Delhi)

Online e-filing platformPersonal Finance Mangement > Tax Filing

Finfiling(2015, Kolkata)

Online platform for end-end financial & taxation support servicesPersonal Finance Mangement > Tax Filing

myITreturn(2008, Mumbai)

Online based IT return platformPersonal Finance Mangement > Tax Filing

Mytaxcafe(2013, Kanpur)

Online income tax filingPersonal Finance Mangement > Tax Filing

TaxBingo(2010, Coimbatore)

Web platform assisting with tax filing and tax compliance servicesPersonal Finance Mangement > Tax Filing

MYFORM16(2013, Pune)

Online platform for tax filingPersonal Finance Mangement > Tax Filing

TaxMunshi(2008, Ranchi)

DIY Tax preparation toolPersonal Finance Mangement > Tax Filing

Taxvista(2014, Mangalore)

Web-based income tax preparation and e-filing solution for individualsPersonal Finance Mangement > Tax Filing

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016210

Consumer Finance (19/21)Company Overview Business Model Total Funding

H&R Block(2006, Pune)

Web based platform for tax e-filingPersonal Finance Mangement > Tax Filing

Chaireturn(2011, Hyderabad)

Online platform for e-filing income tax returnPersonal Finance Mangement > Tax Filing

Taxmantra(2009, Kolkata)

Online platform for individuals and businesses to file income tax returnPersonal Finance Mangement > Tax Filing

TaxSpanner(2007, Delhi)

Tax e-filing services with no cross-selling of informationIndian Angel Network, SternFisher, Splice Capital

Personal Finance Mangement > Tax Filing

OutGo(2016, Pune)

Mobile platform to manage your receive paymentsRecurring Payments

PayMyRent(2015, Chennai)

Rent and bills payment platformRecurring Payments

Tokencard(2016, Hyderabad)

Bill aggregator and payment appRecurring Payments > Bills

BillBox(2003, Mumbai)

Bill payment service providerRecurring Payments > Bills

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016211

Consumer Finance (20/21)Company Overview Business Model Total Funding

QwikFee(2016, Pune)

School fee payment platformRecurring Payments > Education

SchoolMate(2015, Mumbai)

Mobile based app for connecting parent with teachersRecurring Payments > Education

Zayfee(2016, Bangalore)

Fee payment platformRecurring Payments > Education

SchoolPay(2015, Mumbai)

Platform for paying school feesRecurring Payments > Education

Efee(2015, Mumbai)

Online fee payment and management platformRecurring Payments > Education

FeesApp(2014, Gurgaon)

Mobile app for making fee payment onlineRecurring Payments > Education

pay2school(2016, Rourkela)

Online platform to pay school feesRecurring Payments > Fees

Feecount(2016, Delhi)

College and school fee payment platformRecurring Payments > Fees

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016212

Consumer Finance (21/21)Company Overview Business Model Total Funding

PayAnyFee(2015, Delhi)

Student fee collection platformRecurring Payments > Fees

Paymatrix(2015, Hyderabad)

Online platform for rent payment and collectionRecurring Payments > Rentals

Investment Tech << Go to BM List >> Enterprise Finance

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Fintech India Report – October 2016213

Enterprise Finance (1/9)Company Overview Business Model Total Funding

SunTec(1990, Thiruvananthapuram)

SaaS products for revenue and risk management.

ManageMyFinance(2016, Bangalore)

Accounting automation platformAccounting Tool

Busy(1997, Delhi)

Business Accounting Software for SMEsAccounting Tool

Crave Accounting(2012, Aurangabad)

SMB Accounting SoftwareAccounting Tool

Saral Accounts(2014, Bangalore)

On-premise accounting and billing softwareAccounting Tool

CorpAssist(2015, Delhi)

Accounting Software for small businessesAccounting Tool

Reachbooks(2014, Chennai)

Cloud based accounting software.Accounting Tool

eMerge(1996, Pune)

Web-based application for preparing consolidated financial statementsAccounting Tool

Consumer

Finance<< Go to BM List >> Forex

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Fintech India Report – October 2016214

Enterprise Finance (2/9)Company Overview Business Model Total Funding

Nexstep(2002, Mumbai)

Cloud based expense management solution for businessesAccounting Tool

Openmiracle(2013, Malappuram)

Open source accounting softwareAccounting Tool

Accounter(2008, Hyderabad)

Cloud based accounting/invoicing and inventory management platformAccounting Tool

ZipBooks(2013, Ahmedabad)

Cloud Based accounting software for small businessesAccounting Tool

KDK Softwares(2003, Jaipur)

Taxation software for Indian tax professionalsAccounting Tool

Apeonomy(2014, Bangalore)

Web-based platform for bookkeeping and accountingAccounting Tool

MyMuneemji(2013, Mumbai)

Cloud based platform for account management, reporting & compliance Accounting Tool

mAccounts(2013, Mumbai)

Accounting app for AndroidAccounting Tool

Consumer

Finance<< Go to BM List >> Forex

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Fintech India Report – October 2016215

Enterprise Finance (3/9)Company Overview Business Model Total Funding

AccountingGuru(2013, Bangalore)

Cloud based accounting, inventory management and billing softwareAccounting Tool

Automatize(2014, Pune)

Web-based accounting & invoicing platform for SMBsAccounting Tool

Book Keeper App(2011, Delhi)

Accounting app for Android, iOS and WindowsAccounting Tool

Giddh(2012, Indore)

Online accounting software for everyoneAccounting Tool

Slick Account Pvt(2012, Puri)

Bookkeeping software for small businessesAccounting Tool

Gaurilla.com(2014, Gurgaon)

Online Accounting SoftwareAccounting Tool

ProfitBooks(2010, Pune)

Online Accounting and Payroll Management for SMEsAccounting Tool

Reachaccountant(2010, Chennai)

Accounting Software for SMBsSternFisher, Orios Venture Partners, Morpheus Gang Accounting Tool

Consumer

Finance<< Go to BM List >> Forex

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Fintech India Report – October 2016216

Enterprise Finance (4/9)Company Overview Business Model Total Funding

Happay(2012, Bangalore)

Web/mobile based business expense management solutionTLabs, Prime Venture Partners

Accounting Tool > Expense Management

$520k

Spend Smart App(2014, Thiruvananthapuram)

Mobile app to track personal expensesAccounting Tool > Expense Management

Finly(, )

Online platform to track and manage enterprise financeAccounting Tool > Expense Management

Billeasy(2015, Mumbai)

Paperless billing & payment tracking platform for businessesAccounting Tool > Expense Management

Expensery(2014, Bangalore)

Mobile expense management appAccounting Tool > Expense Management

Fyle(2015, Bangalore)

Digital Transaction NetworkAccounting Tool > Expense Management

CommSouth Infocom(1995, Chennai)

Software products and solutions for telecom expensesAccounting Tool > Expense Management

CorpTnE(2014, Bangalore)

CorpTnE - Expense Management | Employee Delight | ProcurementAccounting Tool > Expense Management

Consumer

Finance<< Go to BM List >> Forex

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Fintech India Report – October 2016217

Enterprise Finance (5/9)Company Overview Business Model Total Funding

Zento(2014, Mumbai)

Employee Expense And Travel Management SystemAccounting Tool > Expense Management

Intellibuzz(2010, Mumbai)

Telecom Expense ManagementSeedx

Accounting Tool > Expense Management

ExpenseOut(2012, Chennai)

Expense Management solution for enterprisesAccounting Tool > Expense Management

Xpensemanager(2013, Bangalore)

Cloud based expense management platformAccounting Tool > Expense Management

ExpenseBuzz(2012, Mumbai)

Cloud based Telecom Expense Management systemAccounting Tool > Expense Management

Walue(2015, Hyderabad)

Digital billing and Invoicing solutionAccounting Tool > Invoicing

inReceipts(2015, Delhi)

Digitization of bills and receiptsAccounting Tool > Invoicing

BillD(2015, Gurgaon)

Cloud platform for bill storage, management and customer expense analytics Accounting Tool > Invoicing

Consumer

Finance<< Go to BM List >> Forex

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Fintech India Report – October 2016218

Enterprise Finance (6/9)Company Overview Business Model Total Funding

CloudBooks(2014, Lucknow)

SaaS invoicing for SMBsAccounting Tool > Invoicing

Cowry(2015, Gurgaon)

Invoice generation and payment solutionAccounting Tool > Invoicing

Everybill(2015, Bangalore)

Mobile billing and paymentAccounting Tool > Invoicing

InvoiceRack(2013, Bangalore)

Web based invoicing software for businessesAccounting Tool > Invoicing

OnlineBiller(2012, Puducherry)

Billing software for retail shopsAccounting Tool > Invoicing

Jusbill(2009, Delhi)

Online billing & invoicing applicationAccounting Tool > Invoicing

Innoworth(2012, Mumbai)

SMAC based technology for General StoresAccounting Tool > Invoicing

Otter(2014, Bangalore)

Cloud based tasks & client management platform for busienssesAccounting Tool > Invoicing

Consumer

Finance<< Go to BM List >> Forex

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Fintech India Report – October 2016219

Enterprise Finance (7/9)Company Overview Business Model Total Funding

99invoice(2014, Puducherry)

Online Invoice Management SoftwareAccounting Tool > Invoicing

Hisabing(2013, Chennai)

SaaS invoicing and quotation management for SMEsAccounting Tool > Invoicing

Jetbill(2013, Indore)

Cloud-based invoicing and quotation building platformAccounting Tool > Invoicing

ShimBi MyBilling(2005, Pune)

Online invoicing and payments softwareAccounting Tool > Invoicing

Beejak(2011, Noida)

Online Invoicing & Billing SoftwareAccounting Tool > Invoicing

Wink Bill(2008, Delhi)

Web Based Invoicing SoftwareAccounting Tool > Invoicing

Invoicera(2009, Delhi)

Billing and Invoice Management SoftwareAccounting Tool > Invoicing

Chargebee(2011, Chennai)

Managed subscription billing service for SaaSAccel Partners, Tiger Global Management

Accounting Tool > Invoicing > Subscription Billing

$6.17M

Consumer

Finance<< Go to BM List >> Forex

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Fintech India Report – October 2016220

Enterprise Finance (8/9)Company Overview Business Model Total Funding

hummingbill(2014, Bangalore)

Mobile based subscription billingStart-Up Chile, CRE Venture Capital

Accounting Tool > Invoicing > Subscription Billing

$210k

Blu Synergy(2008, Bangalore)

billing, notification and payment collection platform for customersAccounting Tool > Invoicing > Subscription Billing

Emportant(2010, Mumbai)

Cloud based Payroll and HR SoftwareAccounting Tool > Payroll Managment

Paybooks(2011, Bangalore)

Web-based payroll management software and payroll outsourcing service provider

Accounting Tool > Payroll Managment

Discover Dollar(2012, Bangalore)

Technology solution for over-payment analytics in retail industryAxilor Ventures Auditing Tool

Eccounts(2016, Bangalore)

Cloud based accounting platformCompliance Tool

Compliance Konnect(2014, Bangalore)

Cloud based compliance management solutionCompliance Tool

AlphaBricks(2010, Pune)

Software solution for financial and corporate governanceCompliance Tool

Consumer

Finance<< Go to BM List >> Forex

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Fintech India Report – October 2016221

Enterprise Finance (9/9)Company Overview Business Model Total Funding

CimplyFive(2014, Bangalore)

Cloud based Compliance solution providerCompliance Tool

BigFiling(2014, Bangalore)

Online XBRL compliance solutionCompliance Tool

Niyo Solutions(2015, Bangalore)

Alternate payment for salaried employeesPrime Venture Partners

Employee Benefits Management

$1.15M

Goodbits(2016, Kochi)

Digital coupons and tax benefits solutionsEmployee Benefits Management

Paysack(2015, Bangalore)

Mobile wallet manage employee benefitsEmployee Benefits Management

Zeta(2015, Bangalore)

Mobile-based payment solutionEmployee Benefits Management

TaxCloud(2012, Delhi)

Cloud based ITR and e-TDS software for enterprisesTaxation

Udyog Software(1993, Mumbai)

Tax automation solutionsTaxation

Consumer

Finance<< Go to BM List >> Forex

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Fintech India Report – October 2016222

Forex (1/2)Company Overview Business Model Total Funding

Fxkart(2014, Bangalore)

Aggregator of forex rates$2M

BookMyForex(2011, Gurgaon)

Online Money Exchange and RemittancesFaering Capital $2M

BuyForexOnline(2012, Bangalore)

Online provider for prepaid Forex cards & online forex purchase$167k

Currency Kart(2015, Delhi)

Online Forex platform

Forex Bazaar(2015, Mumbai)

Online currency exchange platform

getmeforex(2016, Mumbai)

Online Forex Service Providers

Forexbuy(2015, Mumbai)

Online forex marketplace

BuyForex(2015, Mumbai)

Online portal to buy/sell forex, transfer money and get pre-paid cards for travels

Enterprise

Finance<< Go to BM List >> Cryptocurrency

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Fintech India Report – October 2016223

Forex (2/2)Company Overview Business Model Total Funding

Reliable FX(2012, Pune)

Online based forex brokerage firm

DoorstepForex(2014, Mumbai)

Online platform for users to buy and sell forex

ExTravelMoney(2012, Kochi)

Online foreign currency exchange platform

Nafex(2014, Bangalore)

Online platform connecting buyers & sellers of forex

Money Messenger(2012, Hyderabad)

Trade alert communication toolIneda Venture Group Communication Tool

Enterprise

Finance<< Go to BM List >> Cryptocurrency

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Fintech India Report – October 2016224

Cryptocurrency (1/3)Company Overview Business Model Total Funding

Nexchanges(2014, Mumbai)

Exchanges as a Service for transacting the world's illiquid asset classes

GreencoinX(2013, Ahmedabad)

Identifiable digital currency.Alternative Currency

Gumlet(2015, Bangalore)

Bitcoin binary options providerBitcoin > Binary Options

Unocoin(2013, Bangalore)

India based bitcoin exchangeMumbai Angels, FundersClub, Boost VC, ah! Ventures, Digital Currency Group, BnkToTheFuture.com, Blume Ventures

Bitcoin > Exchange $1.75M

Coinsecure(2014, Delhi)

India based Bitcoin exchange and trading platform.Bitcoin > Exchange $1.2M

BuyUcoin(2016, Ghaziabad)

Bitcoin exchange platformBitcoin > Exchange

Webocoin(2016, Bhubaneswar)

Platform to buy and sell bitcoinsBitcoin > Exchange

Bitdeal(2016, Madurai)

Bitcoin exchange platformBitcoin > Exchange

Forex << Go to BM List >> Crowdfunding

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Fintech India Report – October 2016225

Cryptocurrency (2/3)Company Overview Business Model Total Funding

Sellbitbuy(2016, Madurai)

Bitcoin trading platformBitcoin > Exchange

Trybitcoin(2016, Bangalore)

Online platform to buy and sell bitcoins.Bitcoin > Exchange

BTCXIndia(2013, Hyderabad)

Bitcoin exchange in India.Bitcoin > Exchange

GainBitcoin(2013, Delhi)

Online platform for bitcoin trading and miningBitcoin > Mining

BITMIN(2015, Chennai)

Crowd sourced bitcoin miningBitcoin > Mining

ThroughBit(2016, Bangalore)

Stealth mode bitcoin company in IndiaBitcoin > Payments

Blockonomics(2014, Hyderabad)

Bitcoin financial tracker.Bitcoin > Tracking + Management

ZebPay(2014, Ahmedabad)

Bitcoin wallet with transactions based on mobile numbersBitcoin > Wallet $1.12M

Forex << Go to BM List >> Crowdfunding

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Fintech India Report – October 2016226

Cryptocurrency (3/3)Company Overview Business Model Total Funding

DigitalCoins Exchange(2014, Gurgaon)

Digital cyptocurrency P2P exchange in IndiaBitcoin > Wallet

Nuovocard(2014, Bhubaneswar)

Bitcoin Debit Card and Point of Sale SolutionBitcoin > Wallet

Bitsy(2014, Bangalore)

SMS based bitcoin money transferBitcoin > Wallet

Infipay(2016, Mumbai)

Upcoming bitcoin walletBitcoin > Wallet

CryptoMe(2015, Delhi)

P2P money transfer using blockchain technologyBitcoin > Wallet

Zilra(2015, Chennai)

Fixed rate virtual currency and walletWallet

Forex << Go to BM List >> Crowdfunding

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Fintech India Report – October 2016227

Crowdfunding (1/8)Company Overview Business Model Total Funding

Ketto(2012, Mumbai)

Crowdfunding PlatformLetsVenture, Intellecap, ah! Ventures, Intellecap Impact Investment Network, The Chennai Angels, India Internet Fund, Calcutta Angels, IndusAge Partners, Hiraco Ventures, Anthill Ventures

$850k

Angel Heart(2015, Delhi)

Crowdfunding platform for projects and social causes.

Fuel a Dream(2015, Bangalore)

Crowdfunding platform

FundCentral(2015, Delhi)

Crowdfunding Platform

Kickstarters(2015, Mumbai)

Crowdfunding platform

Fund My Dream(2013, Chennai)

Online crowd-funding platform for creative arts & social causes

ShoutStart(2015, Chennai)

Crowd Funding Startup based in Chennai

evangl(2015, Mumbai)

Crowd Funding Platform

Cryptocurrency << Go to BM List >> Miscellaneous

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Fintech India Report – October 2016228

Crowdfunding (2/8)Company Overview Business Model Total Funding

BlueChits(2014, Mumbai)

Web platform to browse and fund crowd-funding campaigns

TheHotStart(2013, Delhi)

Online crowdfunding platform

Ignite Intent(2012, Mumbai)

Online crowdfunding platform

Power for One(2015, Mumbai)

Donation-based crowdfunding platformDonation

Raise For Help(2015, Delhi)

Online crowdfunding platformDonation

SavingsMatch(2014, Pune)

Crowdfunding through micro savingsDonation

Impact Guru(2014, Mumbai)

Crowdfunding platform for social causesRB Investments Donation > Causes $500K

Fund Strength(2015, Gurgaon)

Social project crowdfunding platformDonation > Causes

Cryptocurrency << Go to BM List >> Miscellaneous

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Fintech India Report – October 2016229

Crowdfunding (3/8)Company Overview Business Model Total Funding

Nice Headache(2015, Mumbai)

Crowdfunding platformDonation > Causes

Get Closer(2014, Bangalore)

Crowdfunding for legal feesDonation > Causes

KIBO(2015, Mumbai)

Crowdfunding platform for causesDonation > Causes

OkGoFund(2014, Mumbai)

Online based crowdfunding platformDonation > Causes

FundDreamsIndia(2014, Chandigarh)

Donation-based crowdfunding platform in IndiaDonation > Causes

Poolmefund(2015, Delhi)

Web and mobile platform to raise funds for personal causesDonation > Causes

LetsEndorse(2014, Chandigarh)

Crowd-endorsing platform for social cause projectsDonation > Causes

Buddyinterest(2013, Chennai)

Social financial network to post and garner support for social cause campaigns Donation > Causes

Cryptocurrency << Go to BM List >> Miscellaneous

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Fintech India Report – October 2016230

Crowdfunding (4/8)Company Overview Business Model Total Funding

BitGiving(2013, Delhi)

Social fundraising platformDonation > Causes

EduDharma(2016, Coimbatore)

India-based crowdfunding platform for academic scholarship funding.Donation > Education

India For Sports(2015, Gorakhpur)

Crowdfunding platform for supporting athletesDonation > Sports

Grex(2014, Pune)

Value growth exchange platform for high growth unlisted companiesEquity $660k

LetsVenture(2013, Bangalore)

Online platform for startups to raise seed/angel fundingAccel Partners, IDG Ventures India Equity $650k

TermSheet(2013, Chennai)

Online platform to book for seed round investment process servicesEquity $165K

FundMyVenture(2016, Bangalore)

Equity crowdfunding investment platformEquity

1Crowd(2015, Mumbai)

Equity crowd funding platformEquity

Cryptocurrency << Go to BM List >> Miscellaneous

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Fintech India Report – October 2016231

Crowdfunding (5/8)Company Overview Business Model Total Funding

Zen Equiti Solutions (2015, Jaipur)

Crowdfunding platform for startupsEquity

InvestorsCart(2015, Mumbai)

Equity based crowdfunding platformEquity

Tracxn Syndicate(2015, Bangalore)

Investment platform that helps startups raise capital from accredited angels Equity

SharesVault(2010, Ahmedabad)

Platform for private market investmentsEquity

Applyifi(2014, Delhi)

Platform for startups to raise funding and pitch deck preparation services provider Equity

Wealthbook(2014, Bangalore)

Online platform connecting Investors and Fund seekersEquity

Seedx(2014, Bangalore)

Online platform connecting startups and investorsEquity

Beehives(2014, Hyderabad)

Crowdfunding platform that enables startups to raise seed funding from accredited Investors Equity

Cryptocurrency << Go to BM List >> Miscellaneous

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Fintech India Report – October 2016232

Crowdfunding (6/8)Company Overview Business Model Total Funding

Enablers(2014, Delhi)

Web platform connecting startups/SMEs with HNWIs, angels & VCsEquity

Equity Crest(2014, Mumbai)

Multi-investor funding platform for early-stage startupsEquity

PrivateCircle(2014, Bangalore)

Web-based funding platform connecting companies & investorsEquity

Moneybulb(2013, Mumbai)

Online crowd-funding platform connecting entrepreneurs and investorsEquity

RaiseFundz(2013, Mumbai)

Equity based crowdfunding platform for IndiaEquity

Venture Giant(2009, Hyderabad)

Indian business angel investment network connecting entrepreneurs & investors Equity

Fundmypitch(2012, Bangalore)

Crowdfunding platform for verified investors to fund in startupsEquity

Mutual Farm(2015, Kochi)

Online portal which connects investors and small farmersFarms

Cryptocurrency << Go to BM List >> Miscellaneous

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Fintech India Report – October 2016233

Crowdfunding (7/8)Company Overview Business Model Total Funding

Wishberry(2012, Mumbai)

Online Crowdfunding PlatformLetsVenture Rewards $650k

VynVyn(2015, Bangalore)

Incentive based donation platform for charitable causesRewards

Ishva(2014, Delhi)

Rewards based crowdfunding platformRewards

Catapooolt(2012, Mumbai)

Crowdfunding and crowd engagement platform for movies, music and other creative venturesVentureNursery, Calcutta Angels

Rewards

FundSocial(2014, Pune)

Online platform to create and fund social projectsRewards

DreamWallets(2015, Jaipur)

Reward based crowdfunding platformRewards

Start51.com(2013, Ahmedabad)

Crowd Funding Platform In IndiaRewards

Fundlined(2013, Panaji)

Online crowdfunding platformRewards

Cryptocurrency << Go to BM List >> Miscellaneous

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Fintech India Report – October 2016234

Crowdfunding (8/8)Company Overview Business Model Total Funding

Jack of all Threads(2012, Bangalore)

Online platform to create and sell apparel through crowd-funding campaignsMorpheus Gang

Rewards > Designers

Cryptocurrency << Go to BM List >> Miscellaneous

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Fintech India Report – October 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Consumer Fintech Evolution

Interesting Companies

Useful Links

Company List

Team

235

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Fintech India Report – October 2016236

Team

236

Prasanna Munot,

Analyst, Fintech India