India has been a rapidly growing fintech market over the last few years, which now stands as one of the most progressive fintech markets in the world. In 2024, the following companies are worthy of featuring due to their effort towards bringing about a change in the financial world. 

The following is our pick of the best 10 fintech companies in India that are truly shaping up 2024.

1. Paytm 

Paytm still stands tall as one of the leading fintech companies in India continuing to offer mobile payments and other services, banking, insurance, and so on. They must sustain the innovation as well as branch out into numerous divisions, which makes them a preferred choice to consumers as well as businesses. 

2. PhonePe 

This gives it an enhanced interface for the users, besides having a wealthy merchant base that has seen PhonePe which is owned by Walmart grow big. They include transfers of money, bills, and investments that shall help millions of users to transact financially. 

3. Razor pay 

Razor pay is one of the most popular payment gateways providing digital payment options to merchants. It has developed related products in the form of banking services, Working capital loans, and Payroll management so it is one one-stop solution for every business. 

4. Policy Bazaar 

Policy Bazaar is an Indian insurance aggregator company. It enables individuals to transact in insurance policies which in turn means that the consumers get to transact transparently with no outside influence in the matter. 

5. Zerodha 

Zerodha has created a significant change in brokerage firms in India because of its discount broking concept. It provides many low-cost trading services to the people and because of its unique trading platform and many other educational services, it is now one of the largest stockbrokers in India based on the number of its active clients. 

6. Cred 

Reward subscribers for on-time credit card payments. Due to using data and technology, Cred appealed to young users especially those based in urban areas, and provided easy access to unique bonuses and financial services. 

7. BharatPe 

BharatPe enables merchants to collect payments using any UPI application through the BharatPe QR code. It also provides business loans and other financial services, especially to the small and medium enterprises hence playing a major role in the country’s shift to a digital payment system. 

8. Groww 

Groww is an investment app that has the feel of a one-stop shop for buying and selling shares, mutual funds, ETFs, and other such securities. It is also noted for its user-friendly app through which people especially young investors are looking forward to enhancing their riches. 

9. MobiKwik 

Another significant and popular company that has emerged in the mobile wallet & digital payment sector is MobiKwik. Some of the services it provides are credit cards, insurance, and funds investment, and accepted by most of its users. 

10. Lendingkart 

Working capital loans are availed by small and medium enterprises and hence Lendingkart specializes in this line. Employees of Lendingkart evaluate the credit score of the business and provide loan services to small businesses without involving physical security. 

All these companies have aimed and make a noteworthy difference in the chain of financial technologies in India, embrace innovation, and enhance the essence of financial services to everyone in the country.  

Conclusion 

Applicable to the Indian context, the following about fintech can be said: The following table depicts the top 10 companies that symbolize innovation and growth of this sector. It is not only reshaping the financial industry but also participating in the construction of the economy of the country.