Besides being one of the largest tech hubs in India, Delhi provides ample opportunities to large fintech companies and individuals looking to break into the industry. The city is home to some of the country’s largest fintech firms — including unicorn and multinational companies — and often connects founders to investors and valuable resources needed for success. Here are some of the top fintech companies in Delhi to know.
Top Fintech Companies in Delhi
- American Express
- Paytm
- PhonePe
- TIDE
- SalaryBox
Fintech Companies in Delhi
American Express is a global credit card provider that maintains an office in Delhi. The company is recognized as one of the first to introduce credit card points and travel rewards. In addition to being a credit card issuer, American Express operates its payment network and incorporates several security solutions to prevent fraud among its customers.
Founded in 2010, Paytm is an Indian fintech unicorn. The company hit the $1 billion valuation benchmark just a few years after launch by providing digital baking services just as the country made a digitization push in the mid-2010s. Today, Paytm still provides digital baking accounts along with a payment and ticket-purchasing platform and several business solutions.
PhonePe is another fintech unicorn, and its super app provides a bevy of financial solutions. For example, users can use the platform to initiate payments, secure personal loans, invest in mutual funds and purchase insurance. For businesses, PhonePe acts as a POS system for retail and online shopping.
Founded in the United Kingdom, Tide is a business banking solution for over 300,000 small businesses in India. To attract new customers, the platform provides free checking and savings accounts and additional features like invoicing and international payment portals. Additionally, Tide helps nascent businesses register with local regulatory agencies. Beyond Dehli, Tide also has an office in Hyderabad.
SalaryBox develops an HR tool that helps businesses process payroll. Ideal for shift-based employers, the platform tracks employee attendance using biometric integrations. Come payday, it calculates salaries based on the time worked by each individual. SalaryBox also provides a pay advance tool that records repayments and holdings to simplify payback.
