20 Most Promising Fintech Startups - 2020

20 Most Promising Fintech Startups - 2020

Recent technological advancements and innovation are bringing about a radical change in the traditional financial services that were previously extended. A massive number of startups are sprouting in the Fintech space, revolutionizing the way consumers conduct their daily transactions. Various factors such as the population of India going digital at a rapid pace, penetration of smartphones and improved internet connectivity, flexible regulatory conditions established by the Reserve Bank of India (RBI) and various government initiatives such as ‘Digital India’ are some of the factors that are contributing to the development of the Fintech sector. The disruption in the financial services and banking segment has a broad-ranging impact with some of the key service offerings to appear on various digital platforms comprising Peer-to-Peer (P2P) Lending Services, Payment Services, Remittance Services, Personal Finance or Retail Investment Services, Equity Funding Services and Cryptocurrency. While, it has been portrayed that the rise of the numerous Fintech service firms, with the decreased prices in procedure and its quick turnaround time, are redefining the way consumers and organizations are conducting transactions on a daily basis, selecting the right solution provider that displays the desired knowledge and skill set, innovative solutions and precise market understanding can prove to be quite a daunting task.

Coming to the aid is CIOReviewIndia with its “20 Most Promising Fintech Startups” list. A panel consisting of some of the most distinguished CEOs, CIOs, industry analysts and CIOReviewIndia editorial team have come together and finalized on the list of some of the most dedicated and promising Fintech startups in this domain in India.

We present to you CIOTechOutlook 20 Most Promising Fintech Startups - 2020.

Top Fintech Startups

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Company Name Company Description
SalaryDost Offers instant loans in various segments from personal, short-term, home, to education, business, and consumer.
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Company Name Company Description
Perpule Delivers solutions to overcome commotion and loss of advantage, caused due to billing lines.
Company Name Company Description
aagey.com Supports MSME finance needs across business expansion, tech upgrades, acquiring new business lines, adding plants or machinery.
AVAIL FINANCE Provides instant online loan through app that includes features across flexible repayment method, low interest rates, quick disbursal, paperless approvals, among others.
Collekto Provides a deep reinforcement learning algorithm to streamline the retail debt collection process by increasing the efficiency of collections and reducing the turnaround time.
Creditas Solutions Leverages technologies including NLP, ML, Serverless Architecture, and Business Intelligence to charge up financial institutions' sales and collections and help build customer satisfaction and...
CRELYTICS Offers fintech OS for plug-play workflows, predictive analytics, rosk management, rule automation, and customer scoring.
ePayLater Offers digital payment solution with anytime credit, cashbacks, and numerous rewards program.
Eroute Technologies Enables digital payment ecosystems by creating a simple and secure platform that connects people and businesses globally.
Finovate Capital Provides short term finance to MSME/SME businesses with an innovative fintech platform.
FlexiLoans Caters to the problems that small businesses face in accessing Quick, Flexible and Adequate funds for growing their businesses.
INDwealth Tracks and analyses investment across Stocks, Mutual Funds, Portfolio Management Schemes, Bonds, Real Estate, loans and credit cards for free.
LoanXpress Caters to SMEs through services across secured & unsecured loans, working capital facility, leasing solutions, loan against securities, among others.
Niyo Solutions Offers user friendly App with useful features especially for international travelers including instant account opening, among others.
Open Financial Technologies Offers neobanking which comes with features from bulk payouts to automated accounting, and all that’s in between.
QuickCredit.in Provides lending platform for all genuine borrowers & investors and helps people solve their temporary troubles by offering money instantly in a simple, quick and flexible way.
Retra Ventures Envisions to change the paradigm of credit availability to all existing and unserved segments of the financial services industry.
Udhaar Provides micro loans and instant credit to individuals in India. And, also delivers consumer and product insights to finance and retail industry stakeholders to improve their offerings.
Xpay.Life Provides a solution to pay multi utility bills through its web, mobile app and touch screen kiosk.
Xpedize Ventures Provides a proprietary Software-with-a-Service (SwaS) to bring buyer and its respective suppliers on a common platform to discover cash discounting rates.