5 FinTech Startups that are Making their Mark

By Mana Network - February 27th, 2019

The global financial crisis that occured in 2008-2009 had few consequences. One significant consequence was getting two diverse sectors together and that is called Fintech.India’s Fintech industry is still in the beginning stages but it is growing rapidly. The credits for this swift growth goes to Government policies, huge market and innovative startups.Few such innovative FinTech startups are mentioned below.



They are a spirited, ambitious and bunch of fun folks who have taken up the challenge of transforming the way businesses accept digital payments in India. They have gone from offering a pure payment gateway to offering a product suite that manages the entire payments lifecycle for all businesses, from startups to SMEs to large enterprises.
They are a payment solution for forward-looking businesses. They enable online merchants with any payment need to easily accept, process and disburse payments through the most developer-friendly APIs, easy integration, onboarding processes and truly involved customer support.



MobiKwik is India's largest independent mobile payments network connecting 107 million users with more than 3 million direct merchants. It enables users to discover retailers (brick-and-mortar stores, e-com websites, m-com apps, billers, telcos) and then start paying them with 1-tap. MobiKwik is powering payments for IRCTC, Uber, Meru Cabs, Shuttl, Big Bazaar, OYO Rooms, Zomato, Barista, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Domino's, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, GoDaddy, MakeMyTrip, Cleartrip, and Yatra. The company has raised close to $30 million in funding till now from Sequoia Capital, American Express, Tree Line Asia, and Cisco Investments.
With MobiKwik, users load money into the wallet once using cash, loyalty points, debit card, credit card, and netbanking to make secure 1-tap payments for online or offline purchases. Most MobiKwik users make 10-12 purchases every month using their wallet balance across diverse use cases such as recharge, bills, food, grocery, travel & cabs, shopping, entertainment, etc.



Lendingkart Group aims to make working capital finance available at the fingertips of entrepreneurs, so that they can focus on business instead of worrying about the gaps in their cash-flows.Lendingkart Technologies Private Limited is a fin-tech startup in the working capital space. The Company has developed technology tools based on big data analysis which facilitates lenders to evaluate borrower’s creditworthiness and provides other related services.
Lendingkart Finance Limited (formerly Aadri Infin Limited), is a non-deposit taking NBFC, providing SME lending in India. The Company aims to transform small business lending by making it convenient for SMEs to access credit easily. The Company uses technology and analytics tools, analyzing thousands of data points from various data sources to assess the creditworthiness of small businesses rapidly and accurately.



ZestMoney is the fastest way for all kinds of people to pay using digital EMI, without the need of a credit card or a credit score. People are eager to upgrade their lifestyle, they work with fast-growing e-commerce businesses to help people upgrade today and pay tomorrow. Using mobile tech, digital banking and AI they’ve made ZestMoney accessible to millions of Indian consumers. Founded in 2015 by digital finance & technology professionals, Priya Sharma, Lizzie Chapman and Ashish Anantharaman, the company is backed by leading global digital financial services investors like PayU, Ribbit Capital, Omidyar Networks among other.


  1. People-Lend

People-Lend is P2P lending platform developed as a pure-play application of analytics. The different features of the product are designed to contain, capture & direct consumer’s behavior by predicting possible outcomes & prescribing actions to meet or leverage them.It is a Marketplace Model where Borrowers & Investors register and communicate, to strike a deal, without revealing their identity till a deal is struck. The platform provides all the necessary services to maintain the ecosystem starting with marketing, credit analysis to collections.The business model is designed to eliminate the overhead costs that traditional financial services companies incur by leveraging technology and advanced analytics built and embedded in the ecosystem. The savings thus made are passed on to the investors thereby increasing the returns from their investments.Their target market is retail credit for personal use for Borrowers and small & mid-size Investors who invest in stocks & Mutual Funds and people with idle funds lying in banks, as Lenders.


Being born into the world of internet, millennials have turned towards technology and internet to manage their finances. Thus, We can say that Fintech companies have become a huge success.