Today banking is going completely digital, and money is such a thing you should have your own rights over your money, but to make it even easier, a fintech company is coming out today, so if you want to know what in India How many fintech startups are there and their founder angle, then you should note it somewhere so that it will be remembered. Here I am going to tell you about the Top 20 Indian Fintech Founders 2022.
Top 20 Indian Fintech Founders (2022): Update 2024
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1. Amrish Rau (CEO, Pine Labs)
Mr Amrish Rau is the CEO of Pine Labs and is one of the most active Angel Investors in the country. Pine Labs is an Indian merchant platform company that provides financing and last-mile retail transaction technology, founded in 1998. Pine Labs has grown and diversified its offering in less than two years of its tenure. The company valuation is over of $5 billion and now is eyeing an IPO by the end of 2022. In addition, Pine Labs acquired payments platform Fave for $45 million during the year. Previously, Mr. Amrish has held multiple leadership positions at Naspers Ltd., Citrus Payment Solutions, First Data Corporation, and many other organizations.
2. Ajeesh Achuthan, (CEO & Co-Founder of Open Financial Technologies)
Mr. Ajeesh Achuthan is the CoFounder & CEO of Open Financial Technologies. Open is Asia’s first neo-banking platform for SMEs and startups. Open has acquired Consumer Neo-Banking Platform Finin for $10 million to widen its offerings to enhance Zwitch, a no-code embedded finance platform. Neo-bank Open has bagged a multi-million investment from Google and Temasek and is on its way to becoming a Unicorn in 2022.
3. Ashneer Grover (MD & Co-Founder of BharatPe)
Mr. Ashneer Grover is the MD and Co-Founder of Bharatpe. He is also an angel investor and has invested in multiple startups. Mr. Ashneer Grover has grown the company rapidly, currently valued at $2.85 billion while raising $700 million. Earlier this year, Bharatpe and Centrum Finance acquired Punjab & Maharashtra Cooperative (PMC) Bank and created a new small finance bank – Unity Small Finance Bank. This would pave the way for more Fintechs to acquire banking licenses. He was previously the Head of New Business at PCJ, helped build Grofers, headed Corporate Development for American Express India, and was in Kotak Investment Banking.
4. Balachander Sekhar (Co-Founder & CEO of RenewBuy)
Mr. Balachander Sekhar is the co-founder and CEO of RenewBuy, which has scaled insurance distribution with its agent-led model against the industry giants. RenewBuy’s business works on a B2B2C model, which enables its 60,000 trained advisors to offer insurance products to customers. He has previously held leadership positions at MetLife, Reliance Retail Industries, and American Express.
5. Bhavin Patel, (Co-Founder & CEO at LenDenClub)
Mr. Bhavin Patel is the CoFounder & CEO at LenDenClub, amongst the most impactful P2P lending platforms. While the P2P industry is going through tough times, Bhavin has scaled the firm and has also raised funding of $10 million, the largest for P2P lenders. This may lead to the wave for more funding and support in the P2P lending ecosystem.
6. Bhavin Turakhia, (Co-founder & CEO of Zeta)
Mr Bhavin Turakhia is the Co-founder & CEO of Zeta, which has pivoted into a Core Platform Business for Financial Institutions and Embeddable Banking for fintech and distributors. They are rebuilding the backend technology stack for Core Banking / Digital Platforms to help institutions launch newer and adaptable products. In May, Zeta became a Unicorn with $ 250 million in funding led by Softbank. They are currently focusing on building platforms for HDFC Bank and scaling the international business.
7. Gaurav Kumar, (Founder and CEO of CredAvenue)
Mr. Gaurav Kumar is the Founder and CEO of CredAvenue, creating a new segment of Enterprise Debt Platforms. The CredAvenue marketplace leads to the empowerment of both mid and larger enterprises on one side and growing a healthy loan book for the larger Banking ecosystem. Having already processed transactions worth more than $9 billion through the platform, CredAvenue is beyond the concept stage and already profitable. CredAvenue raised $90 million in India’s most extensive Series A funding round with a valuation of $410 million. Before this, Mr. Gaurav Kumar founded Vivriti Capital and held the position of Chief Business Officer at Northern Arc Capital.
Funding: Fintech Startup CredAble Raises INR 55 Cr from Axis Bank
8. Harshil Mathur, (CEO & Co-founder of Razorpay)
Mr. Harshil Mathur is the CEO & Co-founder of Razorpay, India’s 2nd largest fintech. Its valuation has grown 2½ times this year to $7.5 billion. The company acquired TERA Finlabs, a Bengaluru-based lending startup, to enter the credit business. Under his leadership, Razorpay has become a significant player in the Payment, Lending, and Neobanking space.
9. Jitendra Gupta, (Founder & CEO of Jupiter)
Mr. Jitendra Gupta is the Founder & CEO of Jupiter, one of the largest and most funded Retail Neobanks. He has also backed a large number of startups. Established in 2019, Jupiter is a digital banking platform that permits clients to digitally open accounts in partnership with Federal Bank and Axis Bank. Jupiter has raised multiple funding rounds in a limited time and is expected to become a unicorn soon. Before this, Mr. Jitendra Gupta was the MD of PayU and Founder of Citrus Payment Solutions.
10. Kush Taneja, Founder of Fampay
Mr. Kush Taneja is the Founder of Fampay, which offers India’s first online and offline card payments focusing on a new segment of teenagers. This helps teens to make payments through both modes using the FamCard. Their approach of differentiated Neobanking for the teen persona has gained significant traction.
11. Lalit Keshre, CEO of Groww
Mr. Lalit Keshre is the CEO of Groww, an online investment platform that allows investors to invest in mutual funds and stocks. During the year, Groww has raised $234 million and is amongst the country’s largest Fintechs. In addition, it has acquired Indiabulls Mutual Fund Business to get into the MF business. Mr. Lalit Keshre has scaled Groww rapidly, while most competitors could not survive or grow in a difficult wealth market.
India’s largest lender SBI opened its first-ever startup branch in Bengaluru
12. Madhusudhan Ekambaram, (CEO of Kreditbee)
Mr. Madhusudhan Ekambaram is the CEO of Kreditbee, which offers instant personal loans ranging up to INR 2 lakhs to professionals. As a fintech platform, KreditBee has disbursed over $2 billion worth of loans over the past three years, has over five million credit borrowers, and issues upward of 15,000 loans per day. Kreditbee has been funded $153 million in multiple funding rounds this year.
13. Raghunandan G, (Founder of Zolve)
Mr. Raghunandan is the founder of Zolve, a neo banking startup that aims to help immigrants in the US gain access to financial services. They have taken a differentiated approach to set up Neobank, setting the trend for the market. It has raised $40 million recently. Zolve works with American and Indian banks to provide consumers seamless access to financial products. Previously, Raghunandan has been the Founder & Director of TaxiForSure
14. Rajan Bajaj, (Founder & CEO of Slice)
Mr. Rajan Bajaj is the Founder and CEO of Slice, the first Indian unicorn in lending. The company made a massive splash with its recent funding of $220 million. The startup offers credit cards that are focused on youngsters in the country. They are reinventing how traditional credit cards work by providing a simple and transparent app to help members transact easily. As of now, they have amongst the best customer onboarding and transacting experiences.
15. Kunal Shah, Founder of Cred
Mr. Kunal Shah is the founder of Cred, the most talked-about startup in the country. He is considered a legend in the world of Fintechs and has created a new category of Credit Card Payment with never before seen gamification and cashbacks. The company has since diversified into Payments, Lending, and Wealth space and has acquired Happay, a corporate expense management platform to expand its Fintech Offerings. It has also acquired the liquor delivery app HipBar as it wants to enter wallet payments with HipBar’s prepaid payment instrument license. This year, Cred has raised $547 million in Series C, D, and E funding rounds. He was previously an advisor with Sequoia Capital and founded Freecharge.
16. Ravi Kumar, Co-Founder of Upstox
Mr. Ravi Kumar is the Co-founder and CEO of digital discount broker Upstox. He has driven the company to a four-fold jump in its customer base to over 8 million from an initial 2 million in just one year. Tiger Global and Ratan Tata backed Upstox has become a unicorn this year and opened up the wealth ecosystem.
17. Yashish Dahiya, Cofounder & Chairman of Policy Bazaar
Mr. Yashish Dahiya is the Cofounder & Chairman of Policy Bazaar, which dominates the insurance distribution business by a sizeable margin. After attaining unicorn status a few years ago, the company went for an IPO, the first for Fintech startups. The company runs its marketplace for loans (Paisabazaar) and is acquiring Myloancare, an online marketplace for loans.
18. Shailaz Nag, Co-Founder & CEO of DotPe
Mr. Shailaz Nag is the founder and CEO of DotPe. Within a span of 1 year, the company has empowered over 7 million merchants across various categories to go online with their businesses. In addition, the company digitally powers the entire customer journey- ordering, payments, and delivery solutions for 30,000+ restaurants and food courts. Before this, he was the Co-founder and Managing Director of PayU India.
19. Shashank Shekhar, CoFounder & Head of Consulting at The Digital Fifth
Mr. Shashank Shekhar, CoFounder & Head of Consulting at The Digital Fifth, has led Fintech consulting practice for the firm and has advised across Embedded Finance, Digital Lending, Digital Payments, Wealthtech and Security areas. In addition, he has helped in fostering the Fintech ecosystem in the country by training thousands of participants, including founders & senior leaders in Fintech and Open Banking.
20. Vasanth Kamath, (Founder & CEO of Smallcase)
Mr. Vasanth Kamath is the Founder & CEO of smallcase, a platform that helps customers invest in model portfolios of stocks and exchange-traded funds. Vasanth has created a substantial revenue stream with its unique business model and has partnered with multiple financial institutions. The company is also backed by Amazon and is likely to enter unicorn status in 2022.
Read Also: Fintech Unicorn CRED Acquire Smallcase for $400 Mn