Social ,29 Apr 2025

Top 10 most funded fintech companies as of Q1 2025

India's fintech ecosystem has witnessed remarkable growth, with several startups securing substantial funding to drive innovation and expand their services. As of Q1 2025, here are the top 10 most funded fintech companies in India, based on cumulative capital raised:​

 

1. Paytm – $3.48 Billion

Paytm stands as India's most funded fintech company, having raised approximately $3.48 billion. Initially launched as a mobile wallet, Paytm has diversified its offerings to include banking, lending, insurance, and stock trading services. The company went public in 2021 and continues to be a significant player in India's digital financial landscape.

 

2. PhonePe – $2.93 Billion

PhonePe, a digital payments platform backed by Walmart, has secured around $2.93 billion in funding. It offers a range of services, including UPI transactions, bill payments, and financial products, catering to a vast user base across India. ​

 

3. Razorpay – $741 Million

Razorpay has raised approximately $741 million to develop its comprehensive payment solutions for businesses. The company provides payment gateway services, subscription billing, and other financial tools, serving a wide array of merchants in India.

 

4. Policybazaar – $766 Million

Policybazaar, an online insurance aggregator, has garnered about $766 million in funding. The platform enables users to compare and purchase various insurance policies, contributing significantly to the digitalization of insurance services in India. ​

 

5. CRED – $801 Million

CRED has raised around $801 million to offer its members rewards for paying credit card bills on time. The platform also provides access to credit lines and other financial products, targeting India's affluent consumer segment. ​

 

6. Groww – $393 Million

Groww has secured approximately $393 million to facilitate investment in stocks, mutual funds, and other financial instruments. The platform aims to simplify investing for India's younger population, promoting financial literacy and inclusion. ​

 

7. Pine Labs – $1.2 Billion

Pine Labs has raised about $1.2 billion to provide point-of-sale solutions and merchant financing. The company serves retailers across Asia, offering tools to manage payments and grow their businesses.

 

8. MobiKwik – $165 Million

MobiKwik has garnered approximately $165 million in funding. The company offers digital wallets, BNPL (Buy Now, Pay Later) services, and payment gateways, catering to both consumers and businesses. ​

 

9. ZestMoney – $140 Million

ZestMoney has raised around $140 million to provide BNPL services, allowing consumers to access credit without traditional credit scores. The platform partners with various merchants to offer flexible payment options. ​

 

10. Lendingkart – $282 Million

Lendingkart has secured approximately $282 million to offer working capital loans to small and medium-sized enterprises (SMEs). The company utilizes data analytics to assess creditworthiness and expedite loan disbursements.