This article showcases our top picks for the best Mumbai based Banking companies. These startups and companies are taking a variety of approaches to innovating the Banking industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovation
- Innovative ideas
- Innovative route to market
- Innovative product
- Growth
- Exceptional growth
- Exceptional growth strategy
- Management
- Societal impact
Top Mumbai Banking Startups
Data sourced from Crunchbase and SemRush.
ICICI Bank
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ICICI Bank operates as a private sector bank that offers a wide range of financial services to corporate and retail customers.
BlackSoil
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Blacksoil Advisory is an independent boutique advisory firm.
Jupiter
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Jupiter is a provider of digital retail banking services to help users track their expenses.
Yes Bank
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YES BANK is a large private sector bank that offers comprehensive banking and financial solution to all its valued customers.
Axis Bank
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Axis Bank is a banking institution offering commercial, corporate and retail banking, and treasury operations.
InCred
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InCred is a financial services platform that leverages technology and data-science to make lending quick and easy.
Idfc First Bank
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Idfc First Bank is a bank providing a range of financial solutions to individuals, small businesses and corporates.
ICICI Securities
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ICICI Securities is an integrated securities firm.
JM Financial
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JM Financial is an integrated financial services group.
Karza Technologies
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Karza Technologies is the largest data, analytics, automation, & decisioning solution provider to Financial Institutions.
IIFL Wealth Management
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IIFL Investment Management is a wealth and asset management company in India.
India Exim Bank
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India Exim Bank provides financial and banking servicesd.
DCB BANK
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DCB Bank Ltd. is a private sector scheduled commercial bank in India.
SMECorner
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SMEcorner is a financial lending firm that focuses on providing services to small and medium enterprises.
Suryoday Small Finance Bank
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Suryoday Small Finance Bank is a registered Non-Banking Finance Company.
ftcash
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ftcash empowers the underserved micro-merchanrs through financial inclusion using digital payments and loans.
AGS Transact Technologies
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AGS Transact end-to-end payment solutions provider with a wide spectrum of highly customized solutions with the aid of modern technology.
Imarticus Learning
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Imarticus provides a range of Training, Placement and Corporate Solutions designed to assist individuals and firms.
Cube
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Cube is democratising access to the world’s best investments for any global investor.
Arthan Finance
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Arthan Finance is a company which focuses on lending to micro and small businesses in smaller cities.
Piggy
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Piggy is an investment application that allows direct fund investments.
Arya.ai
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Arya.ai offers ‘Autonomous AI’ product stack for financial institutions to automate and augment core business tasks using Deep Learning.
FINO PayTech
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FINO PayTech is a thought leader, innovator and implementer of technology solutions.
Chillr
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Chillr is a mobile and web application that allows users to send money directly between bank accounts using just the mobile number.
PayNearby
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PayNearby offers digital banking, payment and transaction services.
IndiaFirst Life Insurance
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IndiaFirst Life Insurance is a young life insurance firm managing finances for customers.
Citrus Payment Solutions
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Citrus Payment Solutions provides consumer payments and mobile banking services.
Small Business Fincredit
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New-age financial services institution focused on providing credit to small businesses and consumers.
Micro Housing Finance Corporation Limited
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Micro Housing Finance Corporation provides housing finance for lower income households mainly in urban India.
Auxilo
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A pro education NBFC registered with the Reserve Bank of India poised on serving the financing gaps in the Indian Education Sector.
HDFC Bank
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HDFC Bank Offers a wide range of personal banking services including savings and current accounts.
Digital India Payments
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Digital India Payments is a financial technology company.
ёpeople
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A leading financial services firm, which along with its associates, provides.
Mobileware Technologies
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Mobileware Technologies develops enterprise mobility solutions for clients in the banking, insurance, and financial services domains.
IDBI Federal Life Insurance Co
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IDBI Federal Life Insurance is one of India’s growing life insurance companies and offers a diverse range of wealth management.
Kotak Mahindra Bank
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Kotak Mahindra Bank is a one-stop shop for all banking needs and is the fourth-largest private sector bank in India.
Kotak Securities
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Kotak Securities, a subsidiary of Kotak Mahindra Bank, is the stock broking and distribution arm of the Kotak Mahindra Group.
Firstsource
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Firstsource provides BPO solutions to organizations in banking, healthcare, telecoms, and media.
3i infotech
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3i Infotech is an IT company that provides software products, IT services, and business process outsourcing for a variety of industries.
Fino Payments Bank
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Fino Payments Bank is a business and banking technology company located in Navi Mumbai.
Motilal Oswal Financial Services
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Motilal Oswal Financial Services offers financial services such as stock market broking on BSE, NSE, and MCX, and investment banking.
Secure Value
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Secure Value is a Cash Management Organization focused on the safe transit and management of currency.
IDBI Capital Market Services Pvt Ltd
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IDBI Capital is wholly owned subsidary of IDBI Bank (India’s Largest Bank). They are Category-I Merchant Banking
Ruloans Distribution Services
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Ruloans is a large financial distributor operating across India, Ruloans including Home Loans, Personal Loans, Credit Cards, Business Loans.
ICICI Venture
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ICICI Venture is a specialist alternative assets manager based in India. The firm is a wholly owned subsidiary of ICICI Bank
Hinduja Group
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Hinduja Group is a global conglomerate company.
IDFC Bank
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Indian Banking Company that forms part of IDFC, an integrated infrastructure finance company
central bank of india
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Central bank of India is an Indian banking company offering wide range of financial services and products.
Union Bank of India
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Union Bank of India is a financial institution offering consumer and business banking services.
Valuefy Solutions
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Valuefy is a premier investment technology company serving the leading financial institutions in India and across the world.
Axis Direct
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Axis Direct offers retail broking and investment services such as equity, mutual fund. exchange trading funds, derivatives and tax planning.
Reserve Bank of India
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Reserve Bank of India is a central banking institution that controls the monetary policy of the Indian Rupee.
Nelito Systems Ltd
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Nelito has long established itself as a preferred IT solutions partner for the banking and financial institutions across emerging markets.
Cointab
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Cointab is a digital banking platform that enables consumers to pay for everyday things and manage accounts with ease.
Jio Payments Bank
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Jio Payments Bank is an Indian payments bank.
IFTAS (Indian Financial Technology & Allied Services)
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IFTAS is the initiative by IDRBT is the operator & procurer of technology solutions for the banks & financial institutions
Cashcow.ai
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Cashcow is bringing solution to all your banking needs to your doorstep.
Citibank India
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Citi India operates as a foreign investor in the Indian financial market.
Merisis Advisors
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Merisis Advisors is leading financial management company providing diverse services in Investment banking, Technology Deals, Mergers.
Polymath Advisors
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Polymath Advisors is an investment banking firm that offers private equity, SME IPO, capital raising, debt & placements syndicated services.
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED
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THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED is a bank that contributes to the co-operative banking space.
Prabhudas Lilladher
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Prabhudas Lilladher is one of India’s leading research based financial services organisation.
Equirus
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Equirus is an investment banking firm specializing in providing corporate finance advisory services to mid-market companies.
SBI-SG Global Securities Services
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SBI-SG Global Securities Services is a joint venture between the State Bank of India(SBI) & Societe Generale Securities Services(SGSS).
NXTDIGITAL
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NXTDIGITAL is leveraging the strength of its customer base, breadth, and depth of its service lines and management bandwidth.
BSG ITSOFT
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BSG is the fastest growing Fintech solution provider in the country. It provides core banking solutions.
Saraswat Bank
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Saraswat Bank provides retail loans, mutual funds, insurance, NRI banking, business banking, credit cards, debit cards & e-banking services.
Finacus
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Finacus Solutions delivering user-friendly yet cutting edge technology in Banking & Finance Sectors.
SBICAP Securities
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SBICAP Securities provides financial products and online trading platform.
Star Union Dai-ichi Life Insurance Company
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Star Union Dai-ichi Life Insurance Company is a leading life insurance banking company located in Navi Mumbai.
BlackHorse Capital
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BlackHorse Capital is a boutique investment banker that works with private corporations, venture capital funds, and startups.
Indiabulls Consumer Finance
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Indiabulls Consumer Finance is a non-deposit taking NBFC registered with the Reserve Bank of India
L&T Mutual Fund
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L&T Mutual Fund is a company that focuses on providing investment advice for businesses.
BLEND
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BLEND provides financial services to corporates, financial institutions, banks, sovereign enterprises.
Hatio
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Hatio is an online payment company that offers banking, financial, payment processing, data management and analytics services.
Axis Capital
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AXIS Capital Holdings is leading financial service providers reputed for our ability to perceive the true potential of businesses.
Fedbank Financial Services
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Fedbank Financial Services is a commercial bank provides loan services.
Evolute
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Evolute Technology conglomerate with offerings in FinTech, CleanTech, HealthTech & Industrial Electronics.
Enarr Capital
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Enarr Capital provides Structured Finance & Debt services and solutions to corporations in collaboration with banks, financial institutions.
Indian Bank Association (IBA)
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Indian Banks’ Association Includes information about the Shared Payment Network System, India’s ATM linkage system.
Indel Money
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Indel Money provides financial, accounting, investment, online banking and gold loan services.
EvolutionCo
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EvolutionCo is a digital technology transformation and customer experience management firm
Ageas Federal Life Insurance
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Ageas Federal Life Insurance is a private sector, development, and commercial bank that provides solutions to all financial needs.
Emkay Global Fin
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Emkay Global Financial Services has a strong record of building wealth for clients for over two decades & offers financial services.
Universal Sompo
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Universal Sompo is an insurance company that covers health, motor and commercial insurance as well as loan secure insurance policy.
PNB MetLife India Insurance
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PNB MetLife India Insurance is one of the leading life insurance company located in Mumbai.
CapAnalec
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CapAnalec develops ORAC, an online risk assessment & compliance platform.
Fortress Financial Services Limited
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Fortress is SEBI registered category-I Investment Banking firm with HQ in Mumbai.
State ATM
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State ATM is slated to be India’s largest chain of white label ATMs.
Ventes Avenues
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Ventes Avenues is a Business Enabler focusing on helping start-ups go to market through Sales Planning & Lifecycle Management.
PMC Bank
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PMC Bank is a banking company that engages in investment management and related products and services.
Arihant Capital Markets
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Arihant Capital Markets offers equity & derivatives brooking, online trading, mutual fund advisory, IPO investments and depository services.
Ladderup
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Ladderup provides financial advisory and fundraising solutions in investment banking.
ThumbPay
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ThumbPay A unique payment method, allows you hassle free transaction with biometrics.
Tata Investment
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Tata Investment is a non-banking financial company.
Radiance Financial Services
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Radiance Financial Services provides investment banking and corporate advisory services.
KIFS Housing
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KIFS Housing offers several housing Finance Products to the requirement of Housing Needs.
Abans Group
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Abans Group offers broking services, financial and non-financial services and solutions.