Fintech companies in Hyderabad

Hyderabad, the capital city of Telangana, is a thriving business hub with various businesses and industries. It has presence of global leaders in IT, medicine, biotech, manufacturing and a burgeoning startup community. Due to the direct impact of the corporate environment, Hyderabad’s real estate industry continues to grow. Commercial properties such as office space and retail space and residential buildings are in high demand due to the presence of big corporations and startups. The thriving startup environment in Hyderabad is also attractive to fintech businesses. The article will discuss the different fintech companies in Hyderabad.

See also: Top finance companies in Hyderabad

 

Business landscape in Hyderabad

Hyderabad’s business environment is quite helpful while simultaneously being very competitive. Businesses can use various promotions and assistance programs from the city administration and industry organisations. Due to this, Hyderabad has become a global hub for businesspeople and investors—a significant centre for Hyderabad’s pharmaceutical and biotechnology sectors. Leading Indian and international pharmaceutical businesses and many R&D facilities are based in the city.

 

Top fintech companies in Hyderabad

KFintech

Industry- Financial technology

Sub-industry- Financial services technology

Company type- Public limited

Location- Punjagutta, Hyderabad, Telangana 500082

Founding date- 2017

KFintech is a financial technology business that offers transaction oversight, big data solutions, revolutionary platforming, as well as economic and technical services to the asset management market. Over 5,000 people work at the company, which has over 1,000 customers.

 

HighRadius

Industry- Financial technology

Sub-industry- Enterprise software

Company type- Private

Location- Madhapur, Hyderabad, Telangana 500081

Founding date- 2006

HighRadius is a top supplier of cloud-based enterprise software solutions. Accounts owing, order-to-cash and treasury administration are just a few of the financial operations the company’s solutions assist CFOs in streamlining and automating. Over 650 enterprises globally, including Fortune 500 firms like Coca-Cola, Anheuser-Busch InBev and Whirlpool, use HighRadius technologies.

 

Paytm

Industry- Financial technology

Sub-industry- Digital payments and financial services

Company type- Public limited

Location- Gachibowli, Hyderabad, Telangana 500008

Founding date- 2010

Digital payments and banking are the areas of expertise of Paytm, an international financial technology business based in India. With more than 300 million active users and more than 20 million merchants, it is one of India’s top fintech companies. Paytm provides a range of financial services, including wealth management solutions, buy-now, pay-later transactions and microloans.

 

Intellect Design Arena

Industry- Financial technology

Sub-industry- Banking and financial services software

Company type- Public limited

Location- Madhapur, Hyderabad, Telangana 500081

Founding date- 2011

An international corporation called Intellect Design Arena develops financial technology systems for banking, insurance, and other financial services. Over 1,000 consumers in over 90 countries use the company’s goods and services. Products and services from Intellect Design Arena are renowned for their creativity, scalability and dependability. The business has a proven track record of assisting its clients in enhancing their productivity, profitability and client satisfaction.

 

VSoft Technologies

Industry- IT

Sub-industry- Software development

Company type- Public traded

Location- Serilingampalle(M, Hyderabad, Telangana 500032

Founding date- 2004

VSoft Technologies is a leading supplier of services and solutions for digital transformation. For the banking, finance, and insurance (BFSI) sector, the business specialises in creating and deploying IT solutions. Banks and other financial companies can increase their operational effectiveness, customer satisfaction, and profitability by using VSoft’s products.

 

Spandana Sphoorty Financial

Industry- BFSI, Fintech

Sub-industry- Financial services and financial advisor

Company type- India’s Top 500

Location- Panmaktha, Hyderabad, Telangana 500081

Founding date- 1998

Group loans, personal loans and urgent financing are just a few of the lending products that Spandana Sphoorty Financial Limited provides. The business also offers various non-financial services, like training in financial literacy and job skills.

 

Alacriti Infosystems

Industry- BFSI and fintech

Sub-industry- Fintech

Company type- MNC

Location- Madhapur, Telangana 500081

Founding date- 2005

Alacriti Infosystems is a multinational IT services provider with substantial US, Europe, and Asia operations. The company offers IT solutions and services to various industries, including healthcare, retail, producing goods and telecommunications.

 

Iftas

Industry- Financial technology

Sub-industry- Payments

Company type- Subsidiary of the RBI

Location- Durgam Cheru, Madhapur, Telangana 500081

Founding date- 2015

IFTAS offers banks and other financial companies in India a variety of payment products and services. The National Automated Clearing House (NACH) and the Immediate Payment Service, or Imps, are two of its primary offerings. NACH is a method for handling large-scale electronic transactions such as dividends, retirement benefits and salaries.

 

PhonePe

Industry- Fintech and digital payments

Sub-industry- Mobile wallets

Company type- Privately held

Location- Kukatpally, Hyderabad, Telangana 500072

Founding date- 2015

With the help of PhonePe, consumers can make online and offline purchases through their smartphones. With more than 400 million users, it is one of India’s most popular mobile wallets. The owner of PhonePe is Walmart Inc. India’s use of PhonePe for digital payments is widespread due to its affordability, convenience, and security. Smartphones allow users to make payments without carrying cash or credit cards. Additionally, PhonePe provides various cashback and incentive programs, increasing its user appeal.

 

National Payments Corporation of India

Industry- Financial services

Sub-industry- Payments

Company type- Public-private partnership

Location- HITEC City, Telangana 500081

Founding date- 2008

In India, NPCI has been instrumental in advancing financial inclusion. Even those without bank accounts can now make payments more quickly and conveniently thanks to its payment services. The RBI, banks and other financial institutions are stockholders in the nonprofit NPCI. A committee of directors runs it made up of shareholders’ representatives.

 

Billio

Industry- Technology

Sub-industry- Fintech

Company type- Private limited

Location- Hyderabad, Telangana 500082

Founding date- 2014

A fintech company called Billio offers financial services to small Indian enterprises. In addition to loans, financing for invoices, and business insurance, the company provides a wide range of goods and services. Additionally, Billio provides a digital platform for managing small enterprises’ finances.

 

Innoviti Payment Solutions

Industry- Financial services

Sub-industry- Payment solutions

Company type- Private limited

Location- HITEC City, Hyderabad, Telangana 500081

Founding date- 2002

A well-known provider of payment solutions in India is Innoviti Payment Solutions. Point-of-sale (POS) terminals, mobile wallets and internet payment gateways are just a few of the many payment options it offers to businesses of all sizes. Innoviti Payment Technologies also provides various value-added services, including CRM (customer relationship management) tools and loyalty programs.

 

Commercial real estate demand in Hyderabad

Office space: Fintech companies drive the demand for office space in Hyderabad. Fintech businesses must scale quickly because they are frequently high-growth businesses. As a result, there is a desire for adaptable and versatile office spaces. The thriving startup ecosystem in Hyderabad is also attractive to fintech businesses. Numerous incubators and accelerators in the city help early-stage enterprises.

Rental property: The demand for rental homes in Hyderabad has also increased due to the presence of fintech businesses. Fintech companies frequently hire young and skilled millennials searching for contemporary, inexpensive homes.

Impact: Fintech companies’ existence has benefited Hyderabad’s commercial real estate sector. It has raised the demand for residential and commercial properties and the city’s total real estate worth.

 

Impact of fintech companies on Hyderabad

Fintech businesses have aided Hyderabad’s economic expansion by providing income and jobs. Over 180 fintech enterprises with more than 10,000 workers are currently operating in the city. Fintech businesses are also making a lot of money, and by 2025, it’s predicted that the industry will generate $100 billion in revenue. Fintech enterprises have had a good impact on Hyderabad. The city’s economics, employment, and real estate markets are all impacted by fintech enterprises. Additionally, they are fostering financial inclusion, encouraging innovation, and enhancing the city’s image.

 

FAQs

What is a fintech company?

A fintech company is a business that provides financial services or apps that heavily rely on technology. Fintech businesses frequently disrupt whole industries by transforming how consumers engage with the financial sector through technology.

What sector falls under fintech?

The term Fintech blends finance and technology. Many market participants use technology to make complex financial services such as lending, insurance, investment, trading and budgeting more straightforward.

Is Google Pay a fintech business?

Direct-to-consumer (D2C) businesses are increasingly using fintech and payment platforms like Paytm, Walmart-owned PhonePe and Google Pay as advertising destinations and client acquisition engines, industry leaders told ET.

What are the best fintech stocks in India?

Some of the best fintech stocks in India are Bajaj Finance, Paytm, Policybazaar, HDFC AMC and many more.

What effects do fintech firms have on Hyderabad?

Hyderabad is benefiting from fintech companies in many ways, including through fostering financial inclusion, creating money and supporting innovation.

Can a software company be called as a fintech company?

Fintech software engineers use their expertise in mobile and web development, DevOps, cloud computing, AI, IoT and blockchain to create, deliver and manage financial software.

Is CDSL a fintech business?

Some of the top fintech stocks in India that provide outstanding returns for investors include Bajaj Finance, Paytm, HDFC AMC, CAMS and CDSL.

What are the examples of fintech?

Some examples of fintech are mobile banking, blockchain, mobile payment and stock trading.

Is the fintech sector an IT one?

Despite being a broad expression with numerous interpretations, Fintech typically refers to the growth of the finance sector when novel technology use cases are created and implemented to speed up more conventional financial tasks.

Can Bitcoin be called a part of a fintech company?

The creation and application of cryptocurrencies like Bitcoin is also a part of fintech.

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 [email protected]