Top 10 Financial Inclusion Startups in IndiaTop 10 Financial Inclusion Startups in India

Top 10 financial inclusion startups in India that are revolutionizing access to financial services for underserved populations. Learn about leading companies like Paytm, Fino Payments Bank, Razorpay, MobiKwik, Khatabook, MoneyOnClick, Capital Float, NiYO Solutions, Lendingkart, and OkCredit, which are transforming the financial landscape. Financial inclusion remains a critical focus area in India, with startups playing a pivotal role in bringing banking and financial services to underserved and unbanked populations. These startups leverage technology to offer innovative solutions that promote financial literacy, access to credit, digital payments, and insurance. Here are ten notable financial inclusion startups in India that are making significant strides in this domain.

1. Paytm Payments Bank

Paytm Payments Bank offers a comprehensive suite of digital banking services aimed at bringing financial inclusion to the masses. With its user-friendly mobile platform, Paytm enables users to open savings accounts, make digital payments, and access a variety of banking services.

ServicesDigital banking, savings accounts, digital payments
Key FeaturesMobile platform, wide reach, user-friendly

Paytm Payments Bank – Top 10 Financial Inclusion Startups in India

2. MobiKwik

MobiKwik is a digital wallet and financial services platform that provides mobile banking, digital payments, and access to credit. It aims to empower users with seamless financial transactions and services.

ServicesDigital wallet, mobile banking, digital payments
Key FeaturesAccess to credit, seamless transactions

MobiKwik – Top 10 Financial Inclusion Startups in India

3. FINO Payments Bank

FINO Payments Bank focuses on offering accessible and affordable financial services to unbanked and underbanked individuals. With a strong presence in rural areas, it provides savings accounts, remittances, and insurance services.

ServicesSavings accounts, remittances, insurance
Key FeaturesRural focus, affordable services

FINO Payments Bank – Top 10 Financial Inclusion Startups in India

4. Jana Small Finance Bank

Jana Small Finance Bank provides a range of banking and financial products, including savings accounts, loans, and insurance, aimed at promoting financial inclusion among low-income households and small businesses.

ServicesSavings accounts, loans, insurance
Key FeaturesLow-income focus, comprehensive financial products

Jana Small Finance Bank – Top 10 Financial Inclusion Startups in India

5. MoneyOnMobile

MoneyOnMobile is a digital payment platform that enables users to perform a variety of financial transactions, including bill payments, money transfers, and mobile recharges, through their mobile phones.

ServicesBill payments, money transfers, mobile recharges
Key FeaturesMobile-based transactions, ease of use

MoneyOnMobile – Top 10 Financial Inclusion Startups in India

6. KreditBee

KreditBee is an online lending platform that provides personal loans to individuals with minimal documentation and quick disbursement, making credit accessible to a larger population.

ServicesPersonal loans
Key FeaturesQuick disbursement, minimal documentation

KreditBee – Top 10 Financial Inclusion Startups in India

7. CASHe

CASHe is a digital lending platform that offers short-term personal loans to salaried professionals. It uses a proprietary algorithm to assess creditworthiness and provide instant loans.

ServicesShort-term personal loans
Key FeaturesProprietary credit algorithm, instant loans

CASHe – Top 10 Financial Inclusion Startups in India

8. ftcash

ftcash offers digital payment solutions and small business loans to micro-merchants and small businesses. By enabling digital payments and providing access to credit, ftcash supports financial inclusion for small enterprises.

ServicesDigital payments, small business loans
Key FeaturesFocus on micro-merchants, easy access to credit

ftcash – Top 10 Financial Inclusion Startups in India

9. EarlySalary

EarlySalary is a digital lending platform that provides instant salary advances and personal loans to young professionals. It aims to bridge short-term financial gaps with quick and easy access to credit.

ServicesSalary advances, personal loans
Key FeaturesInstant disbursement, young professionals focus

EarlySalary – Top 10 Financial Inclusion Startups in India

10. MoneyTap

MoneyTap offers a flexible line of credit to users, allowing them to borrow as needed and repay with convenient EMIs. This innovative approach to personal finance provides accessible credit to a wider audience.

ServicesLine of credit
Key FeaturesFlexible borrowing, convenient EMIs

MoneyTap – Top 10 Financial Inclusion Startups in India

FAQs on Top 10 Financial Inclusion Startups in India

  1. What is financial inclusion and why is it important?
    • Financial inclusion refers to providing access to affordable financial services, such as banking, credit, insurance, and investment, to all individuals and businesses, especially the underserved and unbanked populations. It is important because it promotes economic development, reduces poverty, and enhances financial stability.
  2. Which are the top 10 financial inclusion startups in India?
    • The leading financial inclusion startups in India include:
      1. Paytm
      2. BharatPe
      3. Razorpay
      4. Khatabook
      5. MobiKwik
      6. Capital Float
      7. Kaleidofin
      8. MoneyTap
      9. Jumo India
      10. ZestMoney
  3. What services does Paytm provide to promote financial inclusion?
    • Paytm offers a wide range of services including mobile banking, digital payments, bill payments, financial products like insurance and mutual funds, and microloans, thus enabling financial access for millions of users.
  4. How does BharatPe support small businesses?
    • BharatPe provides small merchants with a QR code-based payment system, working capital loans, and other financial services to help them manage their business finances more effectively and grow their operations.
  5. What makes Razorpay a key player in financial inclusion?
    • Razorpay provides a comprehensive suite of financial services including payment gateways, payroll management, lending solutions, and neobanking services, facilitating seamless financial operations for businesses of all sizes.
  6. How does Khatabook assist small businesses?
    • Khatabook offers a digital ledger app that helps small businesses and shopkeepers track transactions, manage accounts, and get timely reminders for payments, thereby improving their financial management practices.
  7. What is unique about MobiKwik’s approach to financial inclusion?
    • MobiKwik provides a digital wallet, UPI payments, buy now pay later (BNPL) options, and various financial services including loans and insurance, making financial services accessible to a wide audience.
  8. How does Capital Float contribute to financial inclusion?
    • Capital Float offers flexible and quick business loans, working capital financing, and consumer finance products, enabling small businesses and individuals to access credit and grow their financial capabilities.
  9. What role does Kaleidofin play in enhancing financial inclusion?
    • Kaleidofin offers tailored financial solutions including savings, credit, insurance, and investment products, designed to meet the specific needs of underserved and low-income segments of the population.
  10. How does ZestMoney help consumers with no credit history?
    • ZestMoney provides a buy now pay later (BNPL) platform that enables consumers with no credit history or low credit scores to access credit and make purchases, helping them build their credit profile and financial stability.


The rise of financial inclusion startups in India is transforming the landscape of financial services. By leveraging technology, these startups are breaking down barriers and making banking and financial services accessible to underserved populations. From digital wallets and payments to small business loans and credit lines, these innovative solutions are driving financial literacy, inclusion, and economic growth. As the financial ecosystem continues to evolve, these startups are set to play a crucial role in shaping the future of financial inclusion in India.

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