Mumbai is commonly referred to as having been transformed into a prosperous destination of fintech businesses that are altering the way Indian people handle money, conduct payment, and acquire financial services. Mumbai provides an excellent foundation to financial technology innovation because it provides the location of the reserve bank of India, Bombay Stock Exchange and numerous banks.
Good location, good infrastructure and skilled workers are the key selling points of the city, which contribute to attracting larger fintech companies as well as new start-ups. With online payment solutions to lending hubs, the fintech sector of Mumbai is taking shape of conventional banks and creating new opportunities among millions of Indians.
What is a Fintech Company?
A fintech firm employs the most recent technology in offering financial services in new and effective and customer oriented manner. Such companies apply artificial intelligence, machine learning, blockchain, and mobile apps to streamline the processes of finances as compared to strenuous steps that most banks follow. Fintech businesses are technology intersecting with finance, providing payment, loans, insurance and investments to all people that have a smartphone.
They are seeking to enhance user experience, reduce costs, and increase financial inclusion by targeting the traditionally underserved people. The top fintech companies in Mumbai and the rest of India are also ensuring that financial services are accessible to both businesses and consumers, by cutting middlemen and automating the processes.
Key Areas of Fintech Innovation
- Digital Payments: UPI and mobile wallets enable individuals to transfer funds at real-time around the nation.
- Online Lending: Ratified loans within days based on alternative credit score and simultaneously analysis.
- Investment Platforms: Automatable securities traders and applications that allow the general population to invest in stocks.
- Payment Gateways: Systems that can easily allow businesses to accept digital payments made by clients.
- RegTech Solutions: These are tools that creative compliance, and identity verification of financial firms.
Why Mumbai is a Fintech Hub
- Financial Infrastructure: Being near to RBI and big banks, as well as stock exchanges, will assist in regulation.
- Talent Pool: Availability of finance experts, software engineers and business graduates of the best schools.
- Investment Capital: Excellent investment capital (venture capitalists, angel investors and other private equity firms).
- Regulatory Support: The government initiatives such as Digital India and GIFT City promote the fintech development.
- Market Access: The entry to the vast number of consumers in India and their increasing adoption of online payments.
Types of Fintech Companies in Mumbai
Digital Payments (Paytm, PhonePe, Razorpay)
These fintechs enable instant online payments, UPI transfers, QR code payments, and merchant transactions. They help individuals and businesses accept or send money seamlessly across India.
Digital Lending / P2P Lending (KreditBee, CASHe, EarlySalary)
These platforms offer quick personal loans, salary advances, and small-ticket credit using digital KYC and risk algorithms. They are widely used by students, salaried professionals, and gig workers for instant borrowing.
Payment Gateway Providers (PayU, CCAvenue)
These companies help businesses accept online payments through cards, UPI, net banking, and wallets. They manage secure transactions, fraud checks, and multi-bank payment processing for merchants.
Banking Technology & SME Financing (Instamojo, Lendingkart)
These fintechs provide digital tools for small businesses—including online storefronts, invoicing, and credit access. They help MSMEs get fast loans and manage cash flow without heavy paperwork.
RegTech / Identity Verification (Signzy, IDfy)
These companies offer AI-powered KYC, fraud detection, and identity verification solutions. Banks, NBFCs, and fintechs use them to onboard customers securely and comply with RBI regulations.
Revenue-Based Financing & Alternative Lending Platforms
These platforms fund startups and SMEs based on future revenue instead of traditional collateral. They offer flexible repayment models, making them ideal for growing digital-first businesses.
Top Fintech Companies in Mumbai: Comparison Table
| Rank | Company Name | Focus Area | Services | Career Page Link |
| 1 | Upstox | Stock Trading | Mobile trading platform, analytics tools, investment services | https://upstox.com/life-at-upstox/ |
| 2 | Jupiter Money | Digital Banking | Savings accounts, credit cards, mutual funds, budgeting tools | https://jupiter.money/careers/ |
| 3 | Adyen | Payment Processing | Online payments, POS solutions, risk management, revenue optimization | https://careers.adyen.com/ |
| 4 | Revolut | Neobanking | Digital accounts, crypto trading, teen accounts, business banking | https://www.revolut.com/careers/ |
| 5 | TransUnion | Credit Reporting | Credit scores, risk assessment, consumer and business reports | https://www.transunion.com/about-us/careers |
| 6 | Wise | Cross-border Payments | International transfers, multi-currency accounts, business payments | https://wise.jobs/ |
| 7 | Visa Inc | Payment Networks | Card processing, digital payment infrastructure, fraud prevention | https://www.visa.co.in/careers.html |
| 8 | Morningstar | Investment Research | Stock analysis, portfolio tools, financial data for investors | https://www.morningstar.com/company/careers |
| 9 | Capco | Financial Technology | Data analytics, automation, cybersecurity for financial institutions | https://www.capco.com/careers |
| 10 | Enfusion (Now CWAN) | Investment Management | Risk monitoring, workflow management, SaaS solutions for buy-side | https://cwan.com/company/careers/ |
Top 10 Fintech Companies in Mumbai for 2026
1. Upstox
Upstox is a prominent fintech company that has made a mark as one of the top fintech companies in Mumbai by democratizing stock trading to Indian retail investors. Its platform integrates beautiful user interfaces with powerful analytics, and as such, is available to both beginners and professionals to perform sophisticated trading. Having both Android and iOS native mobile applications, Upstox allows customers to browse companies, market tracking, and trading in an easily accessible fashion.
The business also strives to incorporate the philosophy of mobile-first design, which includes such capabilities as price alerts, technical indicators, instant notifications, and instant transfer of funds. The web application of Upstox is as functional as desktop trading applications and yet stays simple so that the users can customize their workspace with various types of a different number of widgets based on their trading preferences and style.
Key Services:
- Trading of zero-commission equity delivery.
- Technical charting and advanced charting.
- Investments in mutual funds and IPO.
- Option and futures trading market.
- Real-time money transfer services.
Focus Area: Stock Trading Platform
Best For: Retail Investors
Website: https://upstox.com/
Address: Mumbai, Maharashtra, India
2. Adyen
Adyen is a leading fintech firm in Mumbai with a fully-fledged payment acceptance service platform to global businesses that are growing quickly. Adyen is a payments integration firm that was established in Amsterdam in 2006 to provide a single system that allows merchants to receive payments online, on mobile, and at the point of sale.
The Indian regulatory and commercial teams are located in the Mumbai office of the company with the aim of increasing the presence of Adyen in one of the most rapidly developing markets of the digital payment world. In addition to basic payment processing, Adyen offers advanced risk management services, revenue maximization services, and comprehensive customer behavior insights to enable companies make data-driven decisions.
The platform has many payment systems, currencies, and markets across the globe, and it is perfect to a company with international interests, much like leading Fintech Companies in Bangalore that are driving innovation in digital payments and financial technology.
Key Services:
- Integration of unified payment platform.
- Acceptance of online and mobile payment.
- Point of sale hardware solutions.
- Fraud prevention and risk management.
- Revenue optimization analytics solutions.
Focus Area: Payment Processing
Best For: Global Businesses
Website: https://www.adyen.com/
Address: Mumbai, Maharashtra, India
3. Revolut
In its international expansion, Revolut has begun providing its neobanking services to Mumbai, with more than 45 million users throughout the world. The UK-based fintech company provides full digital banking services to individuals and companies with no physical brick and mortar branches. The Revolut platform includes more than just regular banking; it has such innovative features as cryptocurrency trading, teen accounts with parental controls, and point-of-sale hardware that is used by merchants.
The company aims at offering borderless banking experience, multi-currency accounts, competitive exchange rate, and instant international transfer. The technology-focused strategy of Revolut removes numerous charges of an ordinary bank, provides budgeting features, savings vaults, and investment solutions in one simple mobile app.
Key Services:
- Online banking accounts in the global market.
- Bitcoin trading site.
- International money transfers.
- Parental controlled teen accounts.
- Merchant solutions Point-of-sale.
Focus Area: Digital Banking
Best For: Global Citizens
Website: https://www.revolut.com/
Address: Mumbai, Maharashtra, India
4. TransUnion
TransUnion is one of the leading credit reporting agencies in the company, with Equifax and Experian, and has a strong presence among top fintech companies in Mumbai and several MNC Companies in Delhi as well. The Chicago-based firm uses enhanced data analytics to produce detailed credit rating reports for both consumers and businesses in India.
The technology platform of TransUnion gathers, analyzes, and provides credit data that assists lenders in making informed judgments concerning loan grants and interest rates. The Mumbai office of the company helps in serving the market of India in terms of localized credit scoring models, which take into consideration the financial environment of India. TransUnion also provides identity verification, fraud prevention, and risk management solutions to financial institutions to ensure that they meet regulatory requirements and reduce default risks.
Key Services:
- Report of consumer credit scores.
- Credit management intelligence in business.
- Fraud prevention and detection.
- Identity verification services Identity verification, checking services.
- Risk assessment analytics
Focus Area: Credit Reporting
Best For: Lenders and Consumers
Website: https://www.transunion.com/
Address: Mumbai, Maharashtra, India
5. Wise (formerly TransferWise)
Wise has established the presence between fintech business organizations in Mumbai to cater to the increasing cross-border payment requirements of India. The platform also transforms the way international money is transferred through real exchange rates without any concealed charges that the conventional banks normally impose. The office in Mumbai helps businesses that engage in international trade as well as individuals who send money to the family members in other countries.
The innovative infrastructure of the company aligns people who remit money to each other on opposite sides and in most cases, there is no need to do transfers across the borders. Wise also offers multi-currency accounts where the customer can store, convert, and use money in different currencies using one debit card. The API integrations, batch payment features and transparent pricing system are an advantage to businesses using Wise.
Key Services:
- International money transfers.
- Multi-currency business accounts.
- Real-rate exchange of currency.
- Global payment acceptance
- Business integration API.
Focus Area: Cross-border Payments
Best For: International Transactions
Website: https://wise.com/
Address: Mumbai, Maharashtra, India
6. Visa Inc
Visa is one of the top fintech companies in Mumbai to have a strategic office based in Mumbai, and this helps India in having a swiftly digitalizing payment ecosystem. Being a multinational financial organization, Visa collaborates with banks in offering payment processing infrastructure through which billions of transactions are facilitated in the world. The debit and credit cards of the company, which are co-branded, enable the movement of digital funds between the bank accounts of the customers and those of the merchants in real time.
The technology that Visa uses detects the funds on hand and authenticates the transactions before authorization helps to prevent fraud and provide security of payment. Although based in San Francisco, Visa has an office in Mumbai to signify the significance of India as one of the biggest and quickest growing payment markets in the world. Like many leading IT Companies in India, the company is constantly invested in innovations, creating technology of contactless payments, tokenization that improves the security, and the integration of digital wallets.
Key Services:
- Credit card and debit card systems.
- Infrastructure Infrastructure dealing with payment processing.
- Security and fraud prevention.
- Digital wallets integration.
- Contactless payment technology.
Focus Area: Payment Networks
Best For: Card Transactions
Website: https://www.visa.co.in/
Address: Mumbai, Maharashtra, India
7. Jupiter Money
Jupiter Money is the new fintech enterprise in Mumbai that is dedicated to reinventing Indian banking in the context of the new generation of customers. The local company established serves itself as a one-stop financial super-application that manages all money management requirements with the help of a single application. Jupiter provides savings accounts at favorable interest rates, easy-to-use budgetary applications that automatically track spending, reward programs credit cards, and wealth-creating mutual funds.
Community-based product development and the active involvement of the users in the feature updates and new product development are the distinguishing factors of the company. The technology-first strategy by Jupiter eradicates the banking complexities altogether and opens customer accounts instantly with zero balance requirements and 24/7 customer care service which is purely on digital platforms.
Key Services:
- Getting high-interest savings accounts.
- Budgeting automation systems.
- Credit cards with rewards
- Mutual fund investing
- Community-driven features
Focus Area: Digital Banking
Best For: Modern Consumers
Website: https://jupiter.money/
Address: Mumbai, Maharashtra, India
8. Morningstar
Morningstar is based in Mumbai and provides institutional investors, wealth managers and financial advisors with advanced investment research and analysis services. It is a Chicago-based firm that offers comprehensive data on stocks, bonds, securities, exchange-traded concerns, commodities, currencies, and other financial instruments around the world. The Morningstar research platform assists investment professionals to make informed decisions on their portfolio by the use of proprietary rating system, fundamental analysis, and performance measures.
The Mumbai office accommodates increasing pressure to professionalize the investment research in the increasing wealth management business in India. The feeds of Morningstar data can be integrated in many financial systems, and its analysis reports can provide in-depth analysis of the business underlying, market positioning, and valuation ratios upon which the investment plans can be implemented.
Key Services:
- Stock and bond research
- ETF and mutual fund ratings
- Portfolio analysis tools
- Investment data feeds
- Financial advisor platforms.
Focus Area: Investment Research
Best For: Investment Professionals
Website: https://www.morningstar.in/default.aspx
Address: Mumbai, Maharashtra, India
9. Capco
Capco is a family business that provides financial institutions in Mumbai with consultancy services as a niche in the Wipro group, targeted at fintech firms in Mumbai and conventional banks in need of digital transformation. The firm offers data analytics services that assist financial services companies to uncover useful insights contained in large data repositories. The intelligent automation services at Capco facilitate operations by lowering costs, streamlining operations, and enhancing customer experiences by utilizing robotic process automation and artificial intelligence.
The cybersecurity practice of the firm ensures that financial institutions are not vulnerable to emerging digital threats by participating in extensive security audits, implementation services and continuous monitoring. Capco Institute is a thought center that publishes the Journal of Financial Transformation with a contribution of thought leadership on how the industry is changing, regulatory transformations, and emerging technologies that are transforming the future of finance.
Key Services:
- Data analytics consulting
- Application of intelligent automation.
- Cybersecurity services
- Digital transformation planning.
- Research in the financial industry.
Focus Area: Financial Technology Consulting
Best For: Financial Institutions
Website: https://www.capco.com/
Address: Mumbai, Maharashtra, India
10. Enfusion (Now CWAN)
Enfusion (Now CWAN) is one of the growth-oriented top fintech companies in Mumbai offering Software-as-a-Service to buy-side investment marketplace. The platform by the company integrates portfolio management, risk monitoring systems, order management and accounting into one single cloud-based platform. Enfusion (Now CWAN) allows investment managers, hedge funds and asset managers to trade and analyze risk exposures and make trades efficiently and stay regulatory-compliant.
The firm declared its substantial growth in India as it is one of the countries with talented technology and an increasing role in the financial services worldwide. Mumbai operations of Enfusion (Now CWAN) are extremely concentrated on talent in engineering, building advanced features that assist investment professionals in making better-informed decisions faster, as well as using real-time data and advanced analytics.
Key Services:
- Portfolio management system.
- Real-time risk monitoring
- Order management solutions
- Investment accounting service.
- Workflow automation tools
Focus Area: Investment Management SaaS
Best For: Asset Managers
Website: https://cwan.com/
Address: Mumbai, Maharashtra, India
5 Best Fintech Startups in Mumbai
1. SalaryBox (YC S21)
SalaryBox was also one of the new fintech firms in Mumbai dealing with payroll and staff management challenges in small businesses in India and Singapore. Supported by Y Combinator, the startup created a mobile-first SaaS application that made the computation of salaries, monitoring attendance, and processing payments easier to companies that did not have dedicated HR teams.
SalaryBox is aware of the fact that the business owners who have small businesses find it difficult to comply with the complex payroll requirements, tax, and salary payments. These processes are automated through the platform and there will be precise calculations, but without violation of labor laws and taxes. SalaryBox is the provider of its services to thousands of small businesses across Delhi, Gurgaon, Mumbai, and Singapore, as the company aims to provide assistance to companies with its own range of operations and allow small businesses to professionalise their worker management techniques, without spending millions on HR software and permanent staff.
Key Services:
- Automated compensation plan calculation.
- Online classroom management.
- Direct payment processing
- Compliance management
- Self-service portal of employees.
Focus Area: Payroll SaaS
Best For: Small Businesses
Website: https://salarybox.in/
Address: Mumbai, Maharashtra, India
2. Merito
Merito is one of the new fintech firms in Mumbai that develops a specific decision-making and financing platform and is targeted at direct-to-consumer brands. Six months after its launch, more than 600 D2C brands became part of Merito and more than 75% were initiated inbound through channels that exhibit good product-market fit. The startup is a combination of data analytics that assists a brand in making better decisions in its business with revenue-based financing that offers growth capital without dilution of equity.
The platform is a brand performance measurement platform by Merito, which measures the brand performance in many dimensions such as customer acquisition costs, lifetime value, inventory turnover, and cash flow patterns. Such broad visibility allows founders to discover areas of growth and streamline the operations. Merito has a slim team of ten professionals supported by well-known angel investors, family offices and micro venture capital firms.
Key Services:
- D2C brand analytics
- Revenue-based financing
- Different performance dashboards.
- Determination of growth opportunities.
- Other forms of capital: Non-diluteive capital solutions.
Focus Area: D2C Data Platform
Best For: Ecommerce Brands
Website: https://merito.ai/
Address: Mumbai, Maharashtra, India
3. Borderless (formerly Stockal)
Borderless is a consumer-oriented fintech company that runs its operations in Mumbai by allowing the Indian retail investors to realize investment opportunities globally without any complications. The platform enables the customers in India, Middle East, and southeast Asia to open and administer foreign investment accounts online at low-cost rates. Borderless is a solution to the historical dilemma that the Indian investors experienced when trying to penetrate mature markets such as the United States whose markets they could invest in the most successful global companies.
The platform offers insights using the data, automated research, and health tracking of a portfolio enabling users to make informed decisions about investments without having to know much about the financial world. Supported by July Ventures, Arora Ventures, Cadenza and HDFC, Borderless is a company that has strong security measures that safeguard user investment and at the same time provides competitive prices to the traditional international investing mediums.
Key Services:
- International investment stock market.
- Robotized investment research.
- Portfolio tracking tools
- Market insights and trends
- Firm overseas account management.
Focus Area: Global Investing
Best For: Retail Investors
Website: https://cp-uat.stockal.com/
Address: Bengaluru, Karnataka, India
4. Monsoon CreditTech
Monsoon CreditTech is one of the most successful fintech companies in Mumbai that transforms lending decisions of the biggest financial institutions in Asia with the help of advanced machine learning. The Gurgaon-based startup collaborates with the large banks, credit card firms and non-banking financial companies to assist them to approve more loans and lower defaults to a very large degree.
The proprietary algorithms of Monsoon process thousands of data points in addition to the conventional credit scores and attain a 30% delinquency and 25% higher approval rates than the traditional pathway of underwriting. Having been chosen to participate in the prestigious Start Path program at Mastercard, Monsoon works with international financial institutions to introduce the newest machine learning into various lending portfolios. The technology of the company is especially success in evaluating thin-file customers that are frequently discarded by conventional credit scoring models even though the customers are creditworthy.
Key Services:
- Artificial intelligence underwriting.
- Credit risk assessment
- Loan approval optimization
- Delinquency prediction models are the models designed to predict delinquency.
- Alternative credit scoring
Focus Area: Lending Technology
Best For: Financial Institutions
Website: https://www.monsoonfintech.com/home
Address: Gurgaon, Haryana, India
5. Firstcard
Firstcard is one of the socially responsible fintech-based businesses in Mumbai in the United States that democratize credit building to underserved communities. The start-up based in Menlo Park primarily caters to the immigrants, non-US citizens, international students, first-generation college students and low-credit communities who have traditionally been refused credit by the mainstream banks.
The platform of Firstcard provides members with the opportunity to create credit history, open credit cards and bank accounts, receive cashback rewards, and expand their savings through one integrated App. The firm fills a major financial inclusion gap because it appreciates the fact that millions of individuals who are working hard but can not access credit not because they are irresponsible financially but because the current systems become unresponsive to their situations. With over 7.8 million dollars raised by AngelList Early Stage Quant Fund, CyberAgent Capital and other investors, Firstcard is further expanding its mission-driven strategy.
Key Services:
- Credit building programs
- Credit card offerings
- Bank account services
- Cashback rewards programs
- Savings account tools
Focus Area: Credit Building
Best For: New Americans
Website: https://www.firstcard.app/
Address: Menlo Park, California, USA
Job Opportunities in Mumbai Fintech
Job Roles in Fintech
- Product Managers: Outline product road maps, feature priorities and cross-functional co-ordinations.
- Software Engineers: Develop scalable applications, APIs, and infrastructure on which fintech platforms use on a daily basis.
- Data Scientists: Build credit scoring, fraud detection and personalization machine learning models.
- UX Designers: Design user interfaces that are easy-to-use and simple to use by all in complex financial service questions.
- Compliance Officers: Verify that the platforms are in compliance with regulations and institute the security measures that need to be taken.
Tips for Freshers
- Skill Development: Study programming languages, finance and data analysis programs using online courses.
- Internships: Participate in practical business experience in Mumbai internships in fintech firms, or a well-established financial institution.
- Networking: Be at fintech meetups, conferences, and workshops so that you can meet people in the industry and these events often.
- Portfolio Projects: Develop sample programs that display the knowledge of payments, lending or investment concepts.
- Industry Insight: Be informed about the latest trends in a fintech, new regulations, and technologies with the help of blogs.
Average Salary Ranges
- Entry Level Engineers: 0-2 Years Software developers 6-10 lakhs annually.
- Product Managers: 12-20 lakhs a year is the average salary of mid-level PMs of fintech product lines.
- Data Scientists: 10-18 lakhs per year Professionals that develop machine learning models and analytics.
- Senior Leadership: 25-50 lakhs per year on experienced directors and vice presidents in the fintech companies.
- Experts: 15- 30 lakhs a year to encompass compliance, security and domain specialists who have niche expertise.
How to Choose the Best Fintech Company
Factors to Consider
- Company Stage: Determine whether you prefer start-ups which promise growth or established companies that promise stability.
- Product Focus: Select companies whose products match your interests in payments, lending or investing.
- Culture Fit: The research company has values, workplace atmosphere, and team relationship that fits your working style.
- Growth Opportunities: Evaluate learning opportunities, mentorship programs and career growth opportunities with the organization.
- Pay package: Compensate salaries, equity, benefits and perks in a holistic manner as opposed to compensation based on base salary.
Also Read: Fintech Companies in Bangalore
Conclusion
Top fintech companies in Mumbai have a development that has gained momentum and is likely to keep evolving due to technological inventions, positive policies, and increased take-up of digital financial products among consumers. Mumbai has a wide range of opportunities, both to the professional and to the consumer, whether it is a long-established company such as Visa and TransUnion, or a new start-up such as Merito and SalaryBox. The city is so strategically located as the financial capital of India and also has a talent pool of techno savvy, so this is the perfect place to create a fintech innovation.
Top fintech companies offer the best offerings to invest in, make payments, lend money, or get a job; they offer innovations in how millions of Indians deal with money every day. The fintech ecosystem in Mumbai will continue to enhance the status of the city as a global financial technology powerhouse as more people switch to digital and regulatory frameworks change.
Frequently Asked Questions
What are the most popular fintech companies in Mumbai for retail investors?
Upstox, Borderless and Jupiter Money dominate the retail investor services, which provide trading platform, access to international investing and full digital banking services respectively.
How do top fintech firms in Mumbai differ from traditional banks?
Top companies use technology to provide quicker services, reduced charges, enhanced user experience, and novel capabilities that the conventional banks can usually not provide effectively.
What qualifications do I need to work at top fintech companies in Mumbai?
The majority of them involve the necessary degrees in engineering, finance, or business, and technology, data analysis, product management, or expertise in the field of finances.
Are top fintech companies regulated by RBI?
Yes, banking, lending, or payment service companies are obliged to adhere to the requirements of RBI, where the required licenses are required and regular compliance requirements are also met.
Which fintech sector offers the best growth opportunities in Mumbai?
Digital lending and payment infrastructure and wealth management experience the most notable growth due to the high rate of underbanked people in India and the growing number of smartphone users.