Top fintech companies in Delhi

Delhi is a bustling business hub that boasts a diverse corporate landscape. This thriving ecosystem has cultivated a direct relationship between industry and real estate. As companies flourish, so does the demand for commercial spaces, offices and residential properties. In this listicle, we explore how fintech companies in Delhi are pivotal players in this dynamic, impacting both the financial sector and the city’s real estate dynamics.

See also: Top finance companies in Delhi

 

Business landscape in Delhi

Delhi’s corporate scene is a mosaic of industries, with a significant emphasis on finance and technology. The city hosts a myriad of IT parks, fostering innovation and technological growth. Notable players in the automobile and healthcare sectors contribute to Delhi’s economic vibrancy. Additionally, the bustling port and robust presence of financial institutions further enrich the city’s business ecosystem.

 

Top 10 Fintech Companies in Delhi

One97 Communications Ltd (Paytm)

Industry: Fintech

Company type: Public

Location: Noida, Uttar Pradesh – 201301

Founded in: 2010

One97 Communications, commonly known as Paytm, has played a revolutionary role in reshaping India’s digital financial landscape since its establishment in 2010. Headquartered in Noida, Uttar Pradesh, Paytm offers a wide array of financial services ranging from mobile payments to digital wallets and e-commerce solutions. Its user-friendly interface and innovative approach to digital transactions have made Paytm an integral part of everyday life for millions of Indians, solidifying its position as a leading fintech player not only in Delhi but across the entire nation.

 

BharatPe

Industry: Fintech

Company type: Private

Location: New Delhi – 110017

Founded in: 2018

Since its inception in 2018, BharatPe has been a disruptive force in the fintech landscape, particularly in the domain of simplifying digital payments for Indian merchants. With a strong focus on QR code-based payments and lending solutions, BharatPe has rapidly gained traction. Its strategic location in New Delhi, places it at the heart of the city’s financial activities, adding dynamism to the local fintech scene.

 

One MobiKwik Systems

Industry: Fintech

Company type: Public

Location: Gurugram, Haryana – 122018

Founded in: 2009

One MobiKwik Systems, headquartered in Gurugram, Haryana, has been a prominent player in mobile wallet and payment solutions domain since 2009. Its mission to simplify digital transactions has been instrumental in driving the adoption of cashless payments not only in Delhi but also on a national scale. The strategic location in Gurugram, Haryana, at 122018, positions it within one of India’s key financial and technological hubs.

 

Alankit

Industry: Fintech

Company type: Public

Location: New Delhi – 110059

Founded in: 1991

Established in 1991, Alankit is a fintech company based in New Delhi. Alankit offers a wide spectrum of financial and e-governance solutions, significantly streamlining financial transactions in Delhi and other locations. Over the years, it has earned a reputation as a trusted partner for businesses and individuals alike, making notable contributions to the city’s dynamic financial ecosystem.

 

Stashfin

Industry: Fintech

Company type: Private

Location: New Delhi – 110008

Founded in: 2019

Stashfin, founded in 2019 and headquartered in New Delhi, has swiftly emerged as a significant player in the fintech sector. Specialising in innovative credit solutions, Stashfin caters to the evolving financial needs of individuals and businesses. Its presence adds vibrancy to Delhi’s fintech landscape, addressing the demand for efficient lending solutions.

 

PayU Payments

Industry: Fintech

Company type: Private

Location: Gurugram, Haryana – 122018

Founded in: 2002

PayU Payments, established in 2002, stands as a formidable player in the fintech industry. Headquartered in Gurugram, Haryana, PayU is a pioneering force in online payment solutions. It provides a seamless and secure platform for individuals and businesses to conduct transactions across various sectors. With a strong commitment to innovation and user convenience, PayU has become an integral part of India’s digital payment ecosystem. Its operations in Gurgaon contribute significantly to the city’s dynamic fintech landscape, driving the evolution of online payments in the region.

 

Sharekhan

Industry: Fintech (Online Trading and Investment)

Company type: Public

Location: New Delhi

Founded in: 2000

Sharekhan, a prominent player in the fintech sector, simplifies investing through online trading, portfolio management and investment advisory services. Its operations in New Delhi contribute to the city’s thriving fintech landscape. Sharekhan, with its strategic presence in New Delhi, plays a crucial role in providing accessible and user-friendly investment solutions to individuals and businesses alike.

 

InstantPay India

Industry: Fintech

Company type: Public

Location: New Delhi – 110005

Founded in: 2008

InstantPay India, founded in 2008 and headquartered in New Delhi, is a prominent player in the fintech industry. As a public company, InstantPay has been instrumental in revolutionising digital transactions and financial services. It offers a wide spectrum of innovative solutions, including mobile recharges, bill payments, money transfer services, and more. InstantPay’s presence has significantly impacted not only the fintech sector in Delhi but also the wider financial landscape of India. With a focus on user-friendly interfaces and secure transactions, InstantPay continues to be a driving force in shaping the future of digital finance.

 

Midland Credit Management India

Industry: Financial Services

Company type: Private

Location: New Delhi

Founded in: 1953

Midland Credit Management India, located in New Delhi, is a significant player in the financial services sector. With a focus on credit management, the company provides innovative solutions to address the evolving needs of the financial industry. Its operations in New Delhi contribute to the city’s thriving fintech landscape, offering essential services that cater to the dynamic financial requirements of the region.

 

Progcap

Industry: Fintech

Company type: Private

Location: New Delhi – 110020

Founded in: 2017

Progcap, established in 2017 and based in New Delhi, is a noteworthy player in the fintech industry. As a private company, Progcap focuses on providing innovative financial solutions to bridge the credit gap for small and medium-sized businesses. Its unique approach empowers retailers and SMEs by offering them access to affordable and hassle-free credit. Through its cutting-edge technology and tailored financing options, Progcap has become a crucial enabler for business growth in Delhi and beyond.

 

PhonePe

Industry: FinTech

Sub-Industry: Digital Payments

Company Type: Private

Location: A 25 Mohan Cooperative Industrial Area New Delhi South Delhi DL IN 110044.

Founded in: 2015

PhonePe is a dynamic digital payments platform and subsidiary of Flipkart. It offers a wide spectrum of financial services, including UPI-based payments, bill payments, mobile recharges, and peer-to-peer transfers. PhonePe has gained popularity for its innovative features and user-friendly interface.

 

Paytm

Industry: FinTech

Sub-Industry: Digital Payments and Financial Services

Company Type: Public (Listed on BSE and NSE)

Location: Noida Sector 5, Noida, Delhi.

Founded in: 2010

Paytm, founded in 2010, is a pioneering digital payment platform that has expanded to offer a comprehensive suite of financial services. This includes mobile recharges, bill payments, e-commerce, and services such as Paytm Wallet and Paytm Payments Bank.

 

Mswipe Technologies

Industry: FinTech

Sub-Industry: Payment Processing Solutions

Company Type: Private

Location: UG -7, Shivlok House – II Satguru Ram Singh Marg Block 9, Kirti Nagar Industrial Area, Kirti Nagar, D Block, Karam Pura, New Delhi, Delhi 110015, India, New Delhi

Founded in: 2011

Mswipe Technologies specializes in mobile point-of-sale (mPOS) solutions, making it convenient for businesses to accept digital payments via smartphones and tablets. Mswipe has been instrumental in the digital transformation of payment processes for small and medium-sized enterprises.

 

AGS Transact Technologies

Industry: FinTech

Sub-Industry: Payment and ATM Solutions

Company Type: Public (Listed on BSE and NSE)

Location: Premises No E-1/20, First Floor, Aprazer House, Block E 1, Jhandewalan Extension, Karol Bagh, New Delhi, Delhi 110005

Founded in: 2002

AGS Transact Technologies is a prominent player in the financial technology space, offering a range of services such as ATM deployment and management, cash management, and digital payment solutions. The company is recognized for its robust infrastructure and technology solutions.

 

Rupeek

Industry: FinTech

Sub-Industry: Online Gold Loans

Company Type: Private

Location: A24, Block A, 2nd Floor Above Cafe Coffee Day, Vishal Enclave Rajouri Garden, New Delhi, Delhi, 110027

Founded in: 2015

Rupeek is a digital platform that has redefined the lending landscape by offering instant gold loans using customers’ gold assets as collateral. This innovative approach has made accessing credit more efficient and transparent.

 

Incred Finance

Industry: FinTech

Sub-Industry: Digital Lending

Company Type: Private

Location: 406, 4th Floor, Competent House, Middle Circle, F-Block, Connaught Place, New Delhi-110001 

Founded in: 2016

Incred Finance is a non-banking financial company (NBFC) that specializes in providing consumer and business loans. Their focus on customized loan solutions and customer service has set them apart in the financial industry.

 

Hinduja Leyland Finance

Industry: FinTech

Sub-Industry: Vehicle Finance

Company Type: Private

Location: Office Number 604 6th Floor Vishwadeep Tower, Janakpuri Road, Janakpuri, Delhi – 110058 

Founded in: 2008

Hinduja Leyland Finance offers vehicle financing services, including loans for commercial and personal vehicles. They are known for their comprehensive range of financial products tailored to the automotive industry.

 

RedCarpet

Industry: FinTech

Sub-Industry: Online Consumer Finance

Company Type: Private

Location: Second Floor, Plot A, Khasra 360, Near Indian Bank, Behind Centrum Mall, Sultanpur Metro Station, New Delhi, Delhi 110030

Founded in: 2015

RedCarpet is a digital lending platform providing microloans and credit solutions to college students and young professionals. Their technology-driven approach simplifies the lending process.

 

SabPaisa

Industry: FinTech

Sub-Industry: Payment Solutions and Debt Collection

Company Type: Private

Location: 1 Found Floor, Near Iskon Temple, East Of Kailash-110065.

Founded in: 2016

SabPaisa is a versatile fintech company offering payment solutions, debt collection services, and digital transformation solutions. Their services cater to various sectors, including government, education, and healthcare.

 

Broadridge Financial Solutions

Industry: FinTech

Sub-Industry: Investor Communications and Technology Solutions

Company Type: Public (Listed on NYSE)

Location: Plot No-32, Mathura Road, Mohan Co-Operative Industrial Area, Delhi – 110044 (Near Block-A, Genesis)

Founded in: 2007 

Broadridge provides technology and communication solutions for the financial industry, focusing on investor communications, securities processing, and technology solutions. They play a pivotal role in enhancing operational efficiency for financial institutions.

 

Insolutions Global

Industry: FinTech

Sub-Industry: Insurance Technology

Company Type: Private

Location: 22, 9th floor Antriksh Bhawan building, Connaught Place, Delhi – 110001

Founded in: 2004

Insolutions Global is a technology-driven company offering solutions for insurance and risk management. Their innovative software and services cater to the evolving needs of the insurance sector.

 

Intellect Design Arena

Industry: FinTech

Sub-Industry: Financial Software Solutions

Company Type: Public (Listed on BSE and NSE)

Location: New Delhi, Delhi

Founded in: 2011 

Intellect Design Arena provides financial technology software solutions for the banking and insurance sectors. They are known for their cutting-edge products and services that empower financial institutions to stay competitive.

 

Paisabazaar.com

Industry: FinTech

Sub-Industry: Financial Comparison and Lending

Company Type: Private

Location: 1st Floor, Plot No 17, West Patel Nagar, New Delhi-110008

Founded in: 2014

Paisabazaar.com is an online financial marketplace that allows users to compare and apply for various financial products, including loans, credit cards, and insurance policies. Their platform simplifies the process of selecting financial products.

 

Fino Payments Bank

Industry: FinTech

Sub-Industry: Banking and Payments

Company Type: Public (Listed on BSE and NSE)

Location: Shop No-1-17b,g/f Dev Nagar Karol Bagh-110005

Founded in: 2007

Fino Payments Bank is a bank that focuses on providing a wide range of banking and payment services, particularly targeting underserved and unbanked populations. Their services play a crucial role in financial inclusion.

 

GyanDhan

Industry: FinTech

Sub-Industry: Education Finance

Company Type: Private

Location: First Floor, 262, Westend Marg, Saiyad Ul Ajaib Extension,New Delhi, Delhi 110030

Founded in: 2015

GyanDhan is an education finance platform that facilitates education loans for students pursuing higher education in India and abroad. They help students access the funds they need for their academic aspirations.

 

Commercial real estate demand in Delhi

Commercial real estate demand in Delhi is driven by the rapid growth of fintech companies. These companies necessitate modern office spaces furnished with cutting-edge technology to facilitate their operations efficiently. This surge in demand has led to an increased need for office spaces and rental properties in prime locations across the city.

Office Space: Fintech companies require spacious and technologically advanced office spaces to accommodate their specialised operations. This has spurred the development of modern office complexes and business parks in key areas of Delhi.

Rental Property: The influx of fintech firms has also led to a boom in the rental property market. Property owners are benefiting from steady demand for commercial spaces, resulting in competitive rental rates and an upswing in property values.

Developers are now focusing on creating state-of-the-art office complexes and business parks to meet this demand, thereby contributing to the growth and development of various areas in Delhi.

 

Impact of Fintech Companies in Delhi:

The burgeoning fintech sector in Delhi has led to an increased demand for office spaces in key business districts, such as Connaught Place, Nehru Place and Gurgaon. This demand has driven the development of state-of-the-art office complexes and coworking spaces, further enhancing Delhi’s status as a financial and technological hub. Additionally, the influx of fintech companies has boosted the local rental property market. Professionals working in the fintech sector seek accommodation near their workplace, contributing to higher rental rates in the vicinity of business districts.

 

FAQs

What is a fintech company?

Fintech or financial technology refers to businesses that utilise technology to enhance or automate financial services and processes.

Which is the biggest fintech company in India?

Paytm is considered one of the largest fintech companies in India, offering various digital payment and financial services.

Is fintech an IT company?

Fintech describes any company that uses the internet, cloud services, mobile devices or software technology to either connect with financial services or to use them

What is the role of fintech companies in Delhi's financial ecosystem?

Fintech companies in Delhi play a pivotal role in digitising financial transactions and offering innovative solutions for payments, lending and other financial services.

What are the regulatory frameworks governing fintech companies in Delhi?

Fintech companies in Delhi operate under the regulatory purview of institutions such as the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) , ensuring compliance with established norms.

What are the emerging trends in the fintech sector in Delhi?

Emerging trends in Delhi's fintech sector include the rise of blockchain technology, the adoption of artificial intelligence for fraud detection and the growth of peer-to-peer lending platforms.

What are the key factors driving the growth of fintech companies in Delhi?

Factors such as increasing smartphone penetration, a tech-savvy population, and government initiatives promoting digital payments have been instrumental in driving the growth of fintech companies in Delhi.

How do fintech companies contribute to the overall economic growth of Delhi?

Fintech companies in Delhi stimulate economic growth by creating employment opportunities, attracting investment and driving innovation in the financial services sector.

What are some notable collaborations between fintech companies and traditional financial institutions in Delhi?

Fintech companies in Delhi often collaborate with traditional banks and financial institutions to create synergies and offer innovative products and services to customers.

How have fintech companies impacted traditional banking in Delhi?

Fintech companies have introduced disruptive technologies and digital solutions, prompting traditional banks to innovate and adapt to changing customer preferences in Delhi.

How are fintech companies in Delhi utilising data analytics and artificial intelligence?

Fintech companies leverage data analytics and AI to analyse customer behaviour, assess risk, and develop personalised financial solutions in Delhi.

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com