10 Most Promising Fintech Startups - 2021
Fintech, short for financial technology, has become an important part of the world economy. As an alternative to one of the safest mediums of currency exchange, which is a paper-based medium, a majority of the currency exchange happens through financial technology solely. With the event of technology, the internet has emerged as the most popular platform for money transactions. It’s an economic business composed of companies that use technology to create money services more efficiently. They’re used in the main business streams by people in mobile payments, insurance, cryptocurrency and blockchain technology, stock trading, digital loaning and credit, budgeting, and far more.
Tech-focused startups and similar new market entrants are disrupting the way by which the money services business conducts its operations. India has the world’s second-biggest fintech hub with 2,565 startups operating presently from the start of 737 in 2014. India’s largest share from fintech startups is through ‘payments’ and is followed by loaning, wealth school, personal finance, insurance school, regtech, and others.
Despite the challenges caused by the COVID-19 pandemic and increasing economic uncertainty, 2020 still managed major breakthroughs. The ingenious solutions and services by the fintech startups are switched to the customer end when there was difficulty in dealing with paper currency.
In this issue of CIOReviewIndia magazine, a list of ‘10 Most Promising Fintech Startups - 2021’ is provided to the readers by a team of industry veterans, CEOs and VCs, and the CIOReviewIndia editorial team informing the excellent services and fintech solutions.
We present to you CIOTechOutlook 10 Most Promising Fintech Startups - 2021.
10 Most Promising Fintech Startups - 2021
Recommend a Company
| Company Name | Company Description |
|---|---|
| PayNearby | A DIPP Certified Fintech Company registered under The Startup India program of Government of India, set up by a team of professionals with experience in Digital Banking & Payments industry. |
| Company Name | Company Description |
|---|---|
| FundExpert | An automated digital intelligent multi asset wealth management platform, which helps financial advisors to scale their advisory through technology. |
| AI on the Fly Technologies | The company develops tools, especially in the software arena to make use all the future quantum technology. The focus is on developing quantum cryptographic tools. |
| SafexPay | A fintech company focused on solving problems for businesses who need to either accept online payments from or make payouts to various stakeholders. |
| Techfino Capital Private Limited | The company provides unsecured personal loans with a clear objective of customer end-use and has tied up with various partners providing services in Education and Healthcare Segments. |
| CreditSiddhi | The companies objective is to redefine the credit ecosystem by creating a platform for Financial Institutions and Enterprises to collaborate at an unparalleled scale. |
| Hotfoot | The company manages the complex inter-relationship among Customers, Business and Technology. |
| InsigniQ | They build intelligent credit models using state of the art technology that adds new dimensions to calculations. |
| Lentra | The company is lending platform that is poised to revolutionize the lending industry with customer-centric, scalable products are engineered to make the best use of AI & ML and transform end-to-end... |
| Progcap | They provide access to fast and flexible collateral-free working capital to these customers, who typically face challenges in accessing capital for their businesses. |