The technology is getting involved and associated with the financial sector at a very fast pace and everything in the financial sector and the investment banking sector are now being managed and optimized by the fintech. The fintech have revolutionized the working and functionality of the financial market and with the effective use of the technologies that are being provided by the fintech, the financial market is becoming more robust, secured, specialized and tech savvy.
From a single transaction to the trade of millions, everything is now being carried out through the technology of the fintech. The ever so increasing craze for the technology of the fintech is becoming more evident in the recent time. The fintech is not just limited to the optimization of the working strategies but it is also now providing the suggestions and advice to the individuals by understanding the basic financial patterns.
There are various big companies in India that have used the fintech to get the maximum benefits from the market and are some of the very popular companies in India.
Here are the 5 biggest fintech stars of the country : –
- Paytm : It is one of the very famous companies that were established in the year 2010. The parent company of Paytm is One97 Communication. Paytm is used widely in India as an e-commerce app and website. It is used for the mobile payments, banks transfer and as mobile wallets.
- Freecharge : By the founders Kunal Shah and Sandeep Tandon this amazing technology of mobile payments and recharges was launched. The Freecharge have gained popularity in the past few years from the year of its launch in the year 2010. Snapdeal is the current parent company of the Freecharge. It has acquired it in April 2015 for a cash plus stock deal, but freecharge is yet a separate entity from Snapdeal.
- MobiKwik : Led by the Tree Line Asia, the Mobikwik has raised over 25 million US dollars in the multiple Series B of the month April, 2015 in the last financial year. MobiKwik was found in the year 2009 by Upasana Taku and Bipin Preet Singh. The parent company of MobiKwik is the One MobiKwik Payments System Pvt. Ltd. It is known to have been involved in the mobile payments and mobile wallets.
- BankBazaar.com : The BankBazaar.com is functioning under the parent company A & A Dukaan Financial Services Pvt. Ltd. The BankBazaar.com was found in the year 2008 by the founders Rati Rajkumar, Adhil Shetty and Arjun Shetty. It is popular amongst the fintech market for its operation in the online marketplace for the products and services of loans and insurance.
Lendingkart : The parent company of Lendingkart is the Lendingkart Technologies Pvt. Ltd. The company have launched it in the year 2014 under the guidance of the founders Harshvardhan Lunia and Mukul Sachan. This fintech technology has soon gained popularity in the operation of an online platform for lending SMEs.