Bangalore, or Bengaluru, is home to a vast and fast-growing fintech industry. From international financial institutions to local lending giants, these companies are constantly innovating in the finance space. Here are some of the top firms in the city to know.
Top Fintech Companies in Bangalore
- PayPal
- Paytm
- Intuit
- Visa
- Phonepe
- Razorpay
- Zerodha
- CRED
Fintech Companies in Bangalore to Know
Razorpay enables payments and banking solutions for more than 10 million businesses, according to its website. The company says it is the only platform of its kind in India that allows businesses to accept, process and disburse payments all in one place, whether it comes from a credit card or a digital wallet. It even enables businesses to collect and track payments through personalized QR codes.
While Q2 is headquartered in Austin, Texas, it has a large office in Bangalore, where it employs more than 300 people. The company builds personalized fintech applications for banks and credit unions so they can more easily process loan and credit card payments, as well as manage their funds. It also offers various integrated security features and analytics dashboards to help financial institutions better understand their customers.
Intuit makes financial management software for consumers, self-employed individuals and small businesses — offering popular products like credit monitoring service Credit Karma, tax preparation assistant TurboTax and accounting program QuickBooks. Headquartered in California, the company’s only India office is in Bangalore, where it employs about 2,000 people.
Perfios offers real-time credit underwriting services for banks and other financial institutions, helping them to streamline their loan processes, evaluate customer creditworthiness and aggregate data aggregation for APIs. The platform also uses AI and machine learning to both learn on its own and forecast emerging market trends. With a presence in more than a dozen regions across India, the Middle East and Southeast Asia, Perfios reportedly aims to go public by 2025.
Leveraging artificial intelligence, Scripbox offers customized wealth management solutions to customers in more than 2,500 cities throughout India. The app’s investment services range from mutual funds to Indian and international equities, as well as various calculator tools to help users make smarter decisions about their savings, investment and retirement strategies.
Pine Labs provides financing and retail transaction technology to businesses throughout Asia. Its products include an Android-based point of sale machine that allows merchants to accept credit and debit card payments from patrons, as well as devices that allow businesses to accept payments via voice and QR codes.
Capital One’s Bengaluru office houses teams building AI-first data products using a wealth of experience across data science, risk management, business analysis and design. The U.S.-based parent company provides financial products and services to individual consumers, small businesses and commercial clients. Its offerings include credit cards, banking, auto loans and savings accounts.
Visa enables digital fund transfers for individuals, businesses and governments across more than 200 countries, most commonly through its branded credit, debit and prepaid cards. With more than 4 billion cards in circulation globally, it is the most widely used credit card brand in the world. In 2015, the California-based company opened its first corporate office in India — a 10,000 square-foot tech development center in Bangalore’s Bagmane World Technology Center campus that now has more than 2,000 employees. It also has a smaller office in Mumbai.
Smallcase offers products and services to help users invest in Indian equities, allowing them to buy shares in curated selection of stocks and ETFs that fit their unique goals. Launched in 2016, the company has facilitated more than $390 million in transactions to date, according to its website, and now employs more than 350 people at its headquarters in Bangalore.
CSC offers B2B cybersecurity, big data analytics and cloud computing services to support companies around the world with their tax solutions. The company has operations in Bengaluru that are a part of its role in digital transformation and technological innovation.
Rupeek runs a lending platform that specializes in credit risk, personal loans and even low interest gold loans. Founded in Bangalore in 2015, the company has served more than 500,000 customers in more than 60 cities throughout India. According to its website, Rupeek processes 3 tons of gold every month, storing it in secure partner bank vaults.
Founded in 2017, Open is Asia’s first neobanking platform for startups and small and midsize enterprises, according to the company. Its app offers a variety of tools to help businesses operate more efficiently, including invoicing, payroll management and expense management services. Open also partners with State Bank of India, ICICI Bank, Axis Bank and several other Indian financial institutions to help businesses handle payments directly through its platform. It has more than 600 employees working at its headquarters in Bangalore.
Paytm is reportedly India’s largest mobile payments and commerce platform. Beyond its various bill payment and money transfer features, the app offers ticketing, flight booking and investment services, as well as savings accounts. Paytm also partners with other financial institutions to offer services like microloans and buy now, pay later financing to both customers and merchants.
Fi collaborates with banks to enhance services like credit cards, spending accounts and savings accounts, requiring no minimum balances or account fees. Its app also has an AI assistant feature where users can make money transfers, ask questions about their bank account and more all in plain-language commands. Beyond these banking services, Fi supports investment options, allowing customers to purchase ETFs and U.S. stocks.
Outside its main headquarters in California, PayPal has offices throughout India, including in Bangalore, Hyderabad and Chennai. These technology centers are the company’s largest outside of the United States, according to its website, and are dedicated to areas like artificial intelligence, blockchain and cloud computing. Handling more than 22 billion transactions over the last two decades, PayPal is one of the most popular digital payment platforms in the world.
BlackLine offers fintech and accounting software that automatically generates financial statements from each close. It is best known for its Financial Close Software, which adjusts and verifies financial accounts after each accounting cycle and aims to eliminate human error. The company’s Bengaluru office operates remotely.
Adyen offers its client companies a unified B2B commerce platform, which allows businesses to manage payments and risk assessments online, mobile and in person. It connects a variety of payment methods, optimizes revenue and prevents fraud. The company has one of its two dozen hybrid offices in Bengaluru.
Enfusion offers a SaaS solution to help investment managers easily manage workflows, monitor risks and make better investment decisions for their clients. The company’s cloud-native solution works to unify front, middle and back-office operations including portfolio management, accounting, order management, execution management and analytics. Enfusion partners with more than 800 investment managers from nine offices across the globe.
Navan offers corporate travel and expense management solutions through a platform that allows employees to book business trips and earn rewards for personal travel. The software enables finance teams to issue corporate cards, reimburse employees for out-of-pocket expenses, and view real-time insights on spending. The company, headquartered in the United States, is hiring in Bengaluru.
PhonePe lets users pay their bills, shop, invest, transfer money and even check their credit score all in one app. Founded in Bangalore in 2015, the startup was acquired by e-commerce company Flipkart in 2016, which was then bought out by Walmart in 2022. Now, PhonePe leads transactions on the Unified Payments Interface, a network built by a coalition of banks in India that has become the preferred method for online money transfers among Indians, and has more than 500 million registered users.
Boasting more than 40 million users, Groww reportedly surpassed Zerodha as the largest stock broker in India in 2023. The online investment platform helps people invest in mutual funds, U.S. stocks, ETFs and other assets. It also offers same day personal loans, with payment plans ranging from three months to five years.
CRED operates a members-only app that rewards users for paying their credit card bills and rent on time. It also provides short-term credit lines, as well as a cash-back system when users shop with partner companies like Starbucks, Dominoes and Puma. In 2024, the Bangalore-based company reportedly reached an agreement to buy mutual fund and stock investment platform Kuvera as part of its larger expansion into wealth management.
Zerodha offers brokerage-free online trading services in stocks, commodities, bonds, mutual funds and currency. Launched in 2010, the company was one of the first discount brokerages in the country. Today, it manages millions of trades each day. Zerodha is headquartered in Bangalore and has offices in nine other Indian cities, with more than 1,000 total employees.
One of the largest U.S. banks and financial service providers, Wells Fargo has a significant international presence, particularly in India and other Asian countries. Its offices in Bangalore, Chennai and Hyderabad are mainly dedicated to supporting the company’s technology operations and corporate teams. The thousands of employees working there help develop and test applications, manage international operations and solve middle and back-end banking processes.
Headquartered in Chicago, the majority of Northern Trust’s employees are located in India, where the company has a large office in Bangalore’s RMZ Ecospace business park. The wealth management company serves high-net-worth individuals and families around the world, as well as companies, financial institutions, nonprofits and pension funds — providing them with financial planning services, philanthropy consulting, trust and estate planning and more. All told, Northern Trust manages more than one trillion dollars in assets.
Q2 provides the financial services industry with financial software solutions, digital marketing, e-commerce services and strategy. In partnership with its clients, it designs and builds fintech ecosystems. The company has a hybrid workplace in Bengaluru, for which it recruits software engineers and developers.
Bread Financial is a financial services company that provides personalized payment, lending and savings options to people all over the world. Some of its most popular products include high-yield savings accounts and private label cashback cards. It also offers a buy now, pay later product, allowing users to buy the things they want and pay for them in installments that work with their budget. The Ohio-based company opened its first international office in Bangalore in 2019, where it now has more than 500 employees.
Toast operates a cloud-based digital platform for the restaurant industry. Its SaaS products and financial technology help fuel business functions including point of sale, payments, digital ordering and delivery, team management and more. With offices in Bangalore and Chennai, Toast helps dine-in, takeout, delivery, catering and retail businesses streamline operations and increase revenue.
