Understanding India’s Fintech for Better Hiring in 2024
The fintech startup industry in India began to shape in the early 2000s.
It was in 2010, when a platform that initially focused on providing mobile recharges, expanded its services to include digital payments and mobile wallets.
Now, it's impossible to discuss the fintech revolution in India without mentioning Paytm, the brainchild of Vijay Shekhar Sharma.
Today, India’s fintech landscape is a booming ecosystem of over 11,600 companies, collectively raising a staggering $35.2 billion in funding.
Employing over 1.8 Lac direct workforce and indirect workforce, which includes Sales, Inside Sales, Customer Service, is estimated 1.5 times the direct workforce.
Maharashtra emerges as the frontrunner in India's fintech landscape
Due to Mumbai's financial infrastructure and supportive ecosystem, Maharashtra stands out as the leader in the fintech industry, hosting 2,734 fintech companies. Karnataka follows with 1,830 companies, driven by Bangalore's tech innovation environment. The National Capital Region (NCR) hosts 1,149 companies, benefiting from strategic location and policy proximity.
Uttar Pradesh, with 784 companies, and Haryana, with 717, are emerging hubs, bolstered by increasing investments. Chennai (548 companies) and Hyderabad (541 companies) leverage their tech sectors, while Gurgaon (505 companies) benefits from modern infrastructure and strategic positioning.
But Karnataka still dominates as the largest source of Fintech engineering talent
We have analysed 100+ top fintech companies in India across 15 distinct categories to identify the largest producers of engineering talent for the sector. While Karnataka stands out as the leader in fintech tech talent, other states like Delhi, Uttar Pradesh, Maharashtra, and Haryana also contribute significantly to the industry's dynamic talent landscape.
These states collectively drive India's fintech sector forward, each bringing unique strengths and contributions to the industry
Top Fintech Companies to Hire Exceptional Talent
Payment Gateways & Payment Aggregators
Paytm
Paytm is a well-known digital wallet and payments platform in India. They offer a payment gateway solution for businesses that allows them to accept payments from Paytm users as well as other payment methods. Paytm is a good option for businesses that want to target the large user base of the Paytm app.
Products:
Payment Gateway, Payment Aggregator, Paytm Wallet, Mobile Recharge & Bill Payments, Money Transfer, Paytm Mall, Tickets, QR Payments
Website: https://www.paytm.com/
Headcount: 10K+
Total Engineering Talent: 3,140
Top Skills in Paytm:
- Java
- SQL
- JavaScript
- MySQL
- C++
- Data Structures
- Python
- C Programming Language
Razorpay
Razorpay is a popular payment solution provider that allows businesses to accept, process, and disburse payments. They offer a wide range of features, including subscriptions, invoicing, and payouts, and integrate with all major payment methods in India. Razorpay is known for its ease of use and competitive pricing.
Products:
Payment Gateway, Payment Links, Payment Pages, Subscriptions, Smart Collect (NEFT/RTGS/IMPS), Invoices, QR Payments, International Payments, POS System
Website: https://razorpay.com/
Headcount: 3K+
Total Engineering Talent: 884
Top Skills in Razorpay:
- Java
- Java Script
- Python
- MySQL
- SQL
- C++
BillDesk
BillDesk is a leader in driving digital payments and digital commerce for over a decade. BillDesk technology and integrated solutions are making digital payments easy and accessible to merchants, financial institutions and governments. The integrated technology platform and unified APIs make payments seamless. Payments more reliable and faster. Payments with higher conversions.
Products:
Bill Payments (utilities, mobile recharge, etc.), Online payments for e-commerce,
Recurring payments (subscriptions), International payments (multi-currency),
Billdesk EMI ( equated monthly installments), Bharat BillPay (BBPS) integration for bill payments, e-mandates for recurring payments, Smart Payout (instant settlements for merchants)
Website: https://www.billdesk.com/web/
Headcount: 700+
Total Engineering Talent: 191
Top Skills in Billdesk:
Java
SQL
JavaScript
Spring Boot
HTML
Core Java
Cashfree Payment Gateway
Cashfree Payment Gateway is another popular option that offers a wide range of payment options, including credit and debit cards, net banking, UPI, wallets, and EMI. They also offer features like fraud protection and chargeback management. Cashfree is a good option for businesses that need a comprehensive payment solution.
Products:
Payment Gateway, Payment Links, Payment Forms, SoftPOS, Easy Split, Auto Collect, Buy Now Pay Later (BNPL), Payouts
Website: https://www.cashfree.com/
Headcount: 800+
Total Engineering Talent: 276
Top Skills in Cashfree:
Java
C++
Python
JavaScript
C (Programming Language)
Data Structures
PayU
PayU is a global online payment solution provider that offers a payment gateway in India. They offer a wide range of features, including subscriptions, invoicing, and payouts, and integrate with all major payment methods in India. PayU is a good option for businesses that need a reliable and secure payment gateway.
Website: https://corporate.payu.com/
Headcount: 3.1K+
Total Engineering Talent: 1,034
Top Skills in PayU:
Java
SQL
Python
JavaScript
MySQL
C++
Lending Tech of India
Lendingkart
Lendingkart specializes in providing working capital loans to small and medium-sized enterprises (SMEs) and micro-enterprises. They utilize advanced technology and data-driven algorithms to assess the creditworthiness of borrowers, offering a fully digital application process for quick and efficient loan approvals.
Products:
Working Capital Loans, Unsecured Business Loans, Unsecured Loans, MSME Credit Card (upcoming), Gold Loan, Personal Loan
Website:
https://www.lendingkart.com
Headcount:
1500
Total Engineering Talent:
277
Top Skills in Lendingkart:
Java
SQL
Python
MySQL
JavaScript
Moneyview
Moneyview leverages AI-powered models to provide accessible credit solutions to underserved populations in India. The platform offers personal loans with a fully digital process, ensuring quick and easy loan disbursement.
Products:
Personal Loans, Business Loans, Credit Tracker, Smart Pay, EMI Calculator, Loan Against Property, Home Loan, Pro-saver Account.
Website:
https://www.moneyview.in
Headcount:
770+
Total Engineering Talent:
232
Top Skills in Moneyview:
Java
SQL
Python
C++
Datastructure
MoneyTap
Offers an app-based consumer credit line with loans up to ₹5 lakh. Provides instant approvals and flexible repayment options.
Products:
Personal Line of Credit, Credit Card, Instant Personal Loan
Website:
https://www.moneytap.com
Headcount:
120+
Total Engineering Talent:
25
Top Skills in MoneyTap:
Python
Java
Algorithms
JavaScript
Data Structures
KreditBee
KreditBee provides quick and convenient personal loans, primarily targeting young professionals and college students. The platform offers a fully digital loan application process, using alternative data sources to evaluate creditworthiness and ensure swift loan disbursals.
Products:
Personal Loan, Online Purchase Loan, Credit Line, Salary Advance, Flexi Personal Loan, E-voucher
Website:
https://www.kreditbee.in
Headcount:
1,300
Total Engineering Talent:
1,034
Top Skills in KreditBee:
Python (Programming Language)
SQL
Amazon Web Services (AWS)
MySQL
JavaScript
FlexiLoans
FlexiLoans is an online lending platform focused on providing quick, flexible loans to MSMEs. It uses technology to reach out to businesses that lack credit history, offering collateral-free loans within a short timeframe.
Products:
Term Loans, Line of Credit, Vendor Financing, Supply Chain Financing, Merchant Cash Advance, Invoice Financing
Website:
https://www.flexiloans.com
Headcount:
450+
Total Engineering Talent:
96
Top Skills in FlexiLoans:
SQL
JavaScript
Python (Programming Language)
Node.js
Amazon Web Services (AWS)
ZestMoney
ZestMoney provides Buy Now Pay Later (BNPL) solutions, offering consumers flexible EMI options without needing a credit card. It focuses on increasing financial inclusion by providing credit access to those with no credit history.
Products:
Buy Now, Pay Later (BNPL), EMI Financing, Personal Loan, ZestMoney EMI Card
Website:
https://www.zestmoney.in
Headcount:
340
Total Engineering Talent:
66
Top Skills in PayU:
Java
SQL
MySQL
Python (Programming Language)
Data Structures
Neo-Banking & Personal Finance Management of India
Freo
Freo is a credit-led neobank offering smart and modern banking solutions. It provides services like digital savings accounts, flexible credit lines, EMI cards, and buy-now-pay-later facilities. Freo is known for its security and partnerships with brands like VISA and Equitas.
Products:
Term Loans, Line of Credit, Vendor Financing, Supply Chain Financing, Merchant Cash Advance, Invoice Financing
Website:
https://www.freo.money
Headcount:
170+
Total Engineering Talent:
43
Top Skills in Freo:
Java
Python (Programming Language)
JavaScript
SQL
C++
Fi Money
Backed by Federal Bank, Fi Money offers multiple savings accounts with zero balance options and competitive interest rates. It provides Visa debit cards and ensures customer account balance security.
Products:
Savings Accounts, Visa Debit Card, Fixed Deposits, UPI Payments, Spend Analyzer, Financial Fitness Reports
Website:
https://www.fi.money
Headcount:
1200+
Total Engineering Talent:
202
Top Skills in FlexiLoans:
Python (Programming Language)
Java
C++
Data Structures
C (Programming Language)
Jupiter
Jupiter partners with Federal Bank to offer zero balance savings accounts, detailed account statements, and a rewards system for debit card and UPI transactions. It also features an automated savings mechanism.
Products:
Savings Account, Debit Card, Zero Balance Account, UPI Payments, Pots (automated savings), Rewards on Transactions
Website:
https://www.jupiter.money
Headcount:
1100
Total Engineering Talent:
250
Top Skills in FlexiLoans:
Python (Programming Language)
Java
SQL
JavaScript
C++
InstantPay
InstantPay provides banking services to individuals and companies of all sizes, featuring instant account opening, cash deposits, and 24/7 customer support. It partners with major banks like Axis Bank and ICICI Bank.
Products:
Banking Accounts, Cash Deposits, Active Account Tracking, Payments Gateway, Business Banking Solutions
Website:
https://www.instantpay.in
Headcount:
230+
Total Engineering Talent:
30
Top Skills in InstantPay:
JavaScript
Cascading Style Sheets (CSS)
HTML5
HTML
Node.js
Niyo
Niyo offers a range of banking products and services, focusing on making banking smarter, safer, and simpler. It caters to over 2.5 million customers with various financial solutions.
Products:
Savings Account, Niyo Global Card, NiyoX Account, Forex Card, Wealth Management Services, Expense Management Tools
Website:
https://www.goniyo.com
Headcount:
530+
Total Engineering Talent:
190
Top Skills in Niyo:
Java
JavaScript
MongoDB
Python (Programming Language)
C (Programming Language)
ClearTax
Clear offers a range of financial solutions including tax filing, GST compliance, and financial planning. It simplifies tax filing for individuals and businesses and provides tools for managing financial compliance.
Products:
Tax Filing, GST Software, Business Incorporation Services, Investment Solutions, Compliance Management, Invoice Software, MaxITC, ITR
Website:
https://www.cleartax.in
Headcount:
1300
Total Engineering Talent:
264
Top Skills in ClearTax:
Java
Python (Programming Language)
JavaScript
SQL
C++
Insurance Tech of India
PolicyBazaar
PolicyBazaar has transformed the insurance landscape by enabling consumers to compare and purchase a wide range of insurance products online. It offers comprehensive coverage options and user-friendly tools to simplify insurance shopping.
Products:
Life Insurance, Health Insurance, Motor Insurance, Travel Insurance, Corporate Insurance, Home Insurance, Critical Illness Insurance, Child Plans, Retirement Plans, Term Insurance
Website:
https://www.policybazaar.com
Headcount:
8,800
Total Engineering Talent:
909
Top Skills in PolicyBazaar:
SQL
JavaScript
Microsoft Excel
HTML
Cascading Style Sheets (CSS)
Digit Insurance
Digit Insurance focuses on simplifying insurance processes through technology. It offers a wide range of insurance products including motor, health, travel, and property insurance, all available through a seamless digital platform.
Products:
Health Insurance, Motor Insurance, Travel Insurance, Home Insurance, Shop Insurance, Marine Insurance
Website:
https://www.godigit.com
Headcount:
556
Total Engineering Talent:
264
Top Skills in Digit Insurance:
Java
SQL
Cascading Style Sheets (CSS)
Python (Programming Language)
JavaScript
Acko General Insurance
Acko is known for its digital-first approach, providing customized insurance solutions with quick claim settlements and no paperwork. It offers a variety of products such as motor, health, and gadget insurance.
Products:
Car Insurance, Bike Insurance, Health Insurance, Mobile Insurance, Employee Health Insurance, Group Health Insurance, Travel Insurance
Website:
https://www.acko.com
Headcount:
1,370+
Total Engineering Talent:
340
Top Skills in ClearTax:
Java
Python (Programming Language)
C++
JavaScript
SQL
Turtlemint
Turtlemint simplifies the insurance buying process by offering personalised policy recommendations using data analytics. It provides a range of products including life, health, and motor insurance, and extends its services to underserved regions.
Products:
Life Insurance, Health Insurance, Car Insurance, Bike Insurance, Travel Insurance, Investment Plans, Term Insurance, Retirement Plans
Website:
https://www.turtlemint.com
Headcount:
2,186
Total Engineering Talent:
341
Top Skills in Turtlemint:
Java
JavaScript
C++
Cascading Style Sheets (CSS)
React.js
InsuranceDekho
InsuranceDekho facilitates the quick issuance and renewal of insurance policies online. It offers comprehensive coverage options across health, term, and motor insurance segments.
Products:
Car Insurance, Bike Insurance, Health Insurance, Term Insurance, Investment Plans, Travel Insurance, Home Insurance, Commercial Vehicle Insurance
Website:
https://www.insurancedekho.com
Headcount:
1,698
Total Engineering Talent:
183
Top Skills in InsuranceDekho:
JavaScript
Node.js
React.js
HTML
Cascading Style Sheets (CSS)
Investment Platforms of India
Zerodha
Zerodha is one of India’s largest and most popular investment platforms, offering trading services in stocks, mutual funds, commodities, and more. Their flagship platform, Kite, provides a user-friendly interface with real-time data and charts, making it easier for users to trade and invest.
Products:
Commodity Derivatives, Currency Derivatives, Stocks & IPOs, Direct Mutual Funds, Bonds and Government Securities, Call N Trade, Margin Trading Funding, GTT (Good Till Triggered) Orders
Website:
https://www.zerodha.com
Headcount:
2,446
Total Engineering Talent:
153
Top Skills in Zerodha:
Python (Programming Language)
JavaScript
Java
Microsoft Excel
SQL
Upstox
Upstox is a leading investment platform that allows users to trade in stocks, mutual funds, IPOs, and more. It is known for its powerful tools, low brokerage fees, and user-friendly mobile app, making it a favorite among new and experienced investors.
Products:
Equity Trading, Equity Derivatives, Commodity Trading, Currency Trading, Mutual Funds, IPO Investment, Smart Transfer
Website:
https://www.upstox.com
Headcount:
1,817
Total Engineering Talent:
293
Top Skills in Upstox:
Java
JavaScript
SQL
C (Programming Language)
HTML
Groww
Groww offers a simple and intuitive platform for investing in mutual funds, stocks, and more. It aims to make investing easy and accessible, especially for beginners. Groww’s platform provides detailed insights and research to help users make informed investment decisions.
Products:
Stocks, Direct Mutual Funds, Gold, US Stocks, Fixed Deposits, Digital Gold, IPO Investment, Demat Account
Website:
https://www.groww.in
Headcount:
1,913
Total Engineering Talent:
476
Top Skills in Groww:
Java
C++
Python (Programming Language)
JavaScript
C (Programming Language)
INDmoney
INDmoney is a unique app that allows users to track all their investments in one place, including stocks, mutual funds, PPF, EPF, and even US stocks without outward remittance charges. It provides a consolidated view of investments and liabilities to calculate net worth.
Products:
Super Saver Account, US Stocks, Mutual Funds, Fixed Deposits, Loans, Credit Card Management, Goal-based Investments
Website:
https://www.indmoney.com
Headcount:
441
Total Engineering Talent:
133
Top Skills in INDmoney:
Python (Programming Language)
C++
Java
Data Structures
JavaScript
ETMoney
ETMoney is a financial services app that offers investment options in mutual funds, fixed deposits, NPS, and more. It also provides tools for tracking expenses, loans, and insurance policies, making it a holistic financial management platform.
Products:
Direct Mutual Funds, NPS (National Pension System), Fixed Deposits, SmartDeposit, Insurance (Health, Term, Car, Bike), Loans (Personal Loan, Education Loan, Home Loan)
Website:
https://www.etmoney.com
Headcount:
192
Total Engineering Talent:
72
Top Skills in InsuranceDekho:
Java
C++
C (Programming Language)
JavaScript
Data Structures
Cryptocurrency Exchanges of India
WazirX
WazirX is one of the most popular and widely used cryptocurrency exchanges in India. It supports a variety of cryptocurrencies and offers a secure platform for trading. The exchange is known for its user-friendly interface and comprehensive security measures, including regular security audits.
Products:
Spot Trading, Futures Trading, Staking, Smart Token Funds (STFs), WazirX Token (WRX), P2P Trading, Auto-Matching P2P
Website:
https://wazirx.com
Headcount:
192
Total Engineering Talent:
72
Top Skills in InsuranceDekho:
CoinSwitch Kuber
CoinSwitch Kuber is an app-based cryptocurrency exchange that aggregates liquidity from various exchanges to offer the best rates for its users. It is known for its accessibility, security, and a user-friendly interface. The platform supports over 170 cryptocurrencies.
Products:
Instant Cryptocurrency Exchange, SIP in Crypto, Fixed Deposits in Crypto
Website:
https://coinswitch.co
Headcount:
461
Total Engineering Talent:
171
Top Skills in CoinSwitch Kuber:
Python (Programming Language)
C++
JavaScript
Java
SQL
CoinDCX
CoinDCX is a prominent cryptocurrency exchange that offers a wide range of trading options, including futures, margin trading, and lending. It supports over 200 cryptocurrencies and provides high liquidity services for high-volume traders. The platform also features a robust educational section, DCX Learn.
Products:
Spot Trading, Margin Trading, Futures Trading, Lending (Earn), Staking (DCX Earn), CoinDCX Go App, Insta (Instant Buy/Sell)
Website:
https://coindcx.com
Headcount:
697
Total Engineering Talent:
220
Top Skills in CoinDCX:
Java
Python (Programming Language)
SQL
JavaScript
MySQL
ZebPay
ZebPay is one of the oldest cryptocurrency exchanges in India, offering a secure platform for trading more than 100 cryptocurrencies. It is known for its strong security measures, including cold storage for most assets and compliance with regulatory standards.
Products:
Spot Trading, Lending, ZebPay Wallet, ZebPay App, ZebPay OTC Desk
Website:
https://www.zebpay.com
Headcount:
174
Total Engineering Talent:
54
Top Skills in ZebPay:
C++
JavaScript
HTML
SQL
React.js
Mudrex
Mudrex is a platform that offers automated trading strategies for cryptocurrencies. It allows users to invest in curated portfolios of trading bots, making it easier for investors to leverage algorithmic trading without having to develop their own strategies.
Products:
Algorithmic Trading (Mudrex Bots), Mudrex Invest (Managed Portfolios), Mudrex Protect (Crypto Index Funds), Yield Funds
Website:
https://mudrex.com
Headcount:
97
Total Engineering Talent:
33
Top Skills in Mudrex:
Python (Programming Language)
C++
JavaScript
Java
Cascading Style Sheets (CSS)
Peer-to-Peer Lending of India
Faircent
Faircent is India's first P2P lending platform to receive an NBFC-P2P license from the RBI. It offers a diverse loan portfolio, connecting borrowers directly with lenders. Faircent's secondary market allows lenders to exit investments before the loan tenure ends, enhancing liquidity and flexibility.
Products:
Personal Loan, Business Loan, Prime Non-Metro P2P Loan, Domestic Transfer Pool, Faircent Double
Website:
https://www.faircent.com
Headcount:
200
Total Engineering Talent:
32
Top Skills in Faircent:
JavaScript
Node.js
Cascading Style Sheets (CSS)
MySQL
MongoDB
LenDenClub
LenDenClub is known for quick loan disbursals and offers a variety of loan products including business, education, and personal loans. It provides an interest rate of up to 15% per annum and allows investors to start with as low as ₹10,000.
Products:
Personal Loan, Business Loan, Invest & Earn
Website:
https://www.lendenclub.com
Headcount:
221
Total Engineering Talent:
60
Top Skills in LenDenClub:
Python (Programming Language)
SQL
Java
Django
C++
RupeeCircle
RupeeCircle aims to provide affordable financial solutions by connecting borrowers directly with lenders. It supports various loan purposes such as personal expenses, medical emergencies, education, and small business needs.
Products:
Personal Loan, SME Loan, Education Loan, Home Improvement Loan
Website:
https://www.rupeecircle.com
Finzy
Finzy is an RBI-registered NBFC-P2P platform that offers personal loans at competitive interest rates. It features a fast online application process, flexible repayment options, and a rigorous credit assessment system.
Products:
Personal Loan, Business Loan
Website:
https://www.finzy.com
IndiaP2P
IndiaP2P provides a secure and transparent marketplace for borrowers and investors. It offers high returns with predictable performance and focuses on ethical practices and transparency.
Products:
Personal Loan, Small Business Loan, Women Entrepreneur Loan
Website:
https://www.indiap2p.com
Regtech Solutions of India
Signzy
Signzy offers AI-powered solutions to streamline compliance processes, including smart contract automation, digital onboarding, and fraud detection. Their platform uses biometric authentication and blockchain technology to enhance transparency and security.
Products:
Digital Onboarding Platform, No-Code Platform, KYC Services, KYB Services, AML Solutions, Face Match API, PEP Screening API, Bank Account Verification, Business Verification, Identity Verification, Age Verification, Risk/Decision Engine, Enterprise Grade Security, Deep User Analytics
Website:
https://www.signzy.com
Primechain Technologies
Primechain leverages blockchain technology to provide secure and transparent compliance solutions. They offer real-time auditing, data verification, and robust KYC/AML solutions to help businesses manage compliance efficiently.
Products:
Blockchain Solutions, Digital Identity Verification, Smart Contracts, KYC and AML Compliance, Blockchain-based Document Storage, Blockchain-powered Data Security, Real-time Auditing
Website:
https://www.primechaintech.com
Tookitaki
Tookitaki uses AI, machine learning, and big data analytics to automate compliance processes, including AML solutions, fraud detection, and transaction monitoring. Their platform helps businesses reduce operational costs and improve compliance accuracy.
Products:
AML Transaction Monitoring, AML Name Screening, Reconciliation Suite, Smart Alert Management, Watchlist Screening, Dynamic Risk Scoring, Regulatory Reporting, Data Lineage
Website:
https://www.tookitaki.com
CustomerXPs
CustomerXPs offers the Clari5 platform, which uses real-time AI-powered behavioral analytics for AML, customer due diligence, and fraud detection. Their solutions provide end-to-end visibility and help businesses make informed compliance decisions.
Products:
Clari5 Enterprise Fraud Management, Clari5 Customer Experience Management, Real-time AML and Fraud Management, Cross-channel Fraud Detection, Customer Due Diligence, Transaction Monitoring, Risk and Compliance Analytics
Website:
https://www.customerxps.com
Vixio Regulatory Intelligence
Vixio provides regulatory compliance solutions for the gambling and payments industries. Their tools include real-time regulatory updates, market assessments, and comprehensive data hubs to help businesses navigate complex regulatory landscapes.
Products:
Gambling Compliance, PaymentsCompliance, Market Assessment Tool, Data Hub, Country Reports, Horizon Scanning Tool, Requirements Tool, Regulatory Updates and Insights, Compliance Risk Management
Website:
https://www.vixio.com
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