Finance Startups Rising: Spotlight on Mumbai’s Innovative Asian Enterprises

January 30, 2024

Incepted in 2020, the Finance industry in Mumbai, Maharashtra, India has seen an upsurge in startups that are revolutionizing the conventional outlook towards the financial sector. Combining technology and finance, startups are carving a niche, building seamless solutions for personal finance, renewable energy, angel investments, lending, and more. This article introduces a comprehensive list of startup companies that have experienced an initiation in 2020 and beyond from Mumbai, operating in the Finance industry.

These young companies are technologically inclined, combining fintech with their core functionalities to create a better, user-friendly experience for their clients. Interestingly, these startups are not just restricted to traditional banking or financial services but have expanded their horizons to various domains like CleanTech, EdTech, leading to unique combinations that cater to every kind of client.

Without further ado, let us take a deep dive into the world of these promising startups, from what they do to their founders’ profiles and explore what makes them stand out from the rest.


Founded by Aditya Gupta, Credilio operates in the Advice, Financial Services, FinTech, and Personal Finance sectors. The company is a digital financial platform that provides loans, credit cards, and advisory services to individuals and families. Follow Credilio on Twitter, Facebook, and LinkedIn.


Anand Jain founded Aerem, a startup that’s changing the way businesses harness solar energy. Aerem helps businesses reduce electricity costs through its unique platform that implements rooftop solar systems and provides easy loans. Check out Aerem’s Twitter and LinkedIn accounts for more updates.

Yatra Angel Network

Yatra Angel Network is a fintech-focused early-stage investment firm aiming to foster entrepreneurship in the fintech sector using disruptive technologies. Follow them on Twitter, Facebook, and LinkedIn.

Neowise Money

Founded by Rohit Ramachandran and Siddarth Padmanabhan, Neowise Money is a fintech company that empowers its clients with a host of financial tools. Learn more about them on their Twitter, Facebook, and LinkedIn pages.


auctusESG is a startup founded by Namita Vikas, making waves in the Banking, Finance, and Financial Services industry. See what they’re up to on their Twitter, Facebook, and LinkedIn pages.


Monethics, founded by Govinda Goyal, Hiral Nandu, Jaxay Shah, and Nishit Zaveri, specializes in digital lending. Keep up with Monethics on their Twitter, Facebook, and LinkedIn pages.

9Unicorns Accelerator Fund

9Unicorns Accelerator Fund is a venture capital firm founded by Anil Jain, Anuj Golecha, Apoorva Ranjan Sharma, and Gaurav Jain. They are a stage and sector agnostic firm. Visit them on Twitter, Facebook, and LinkedIn.

Mirae Asset Financial Services

Mirae Asset Financial Services is a modern age online NBFC aiming to bridge gaps of traditional lending ways. Stay updated with them on their Twitter, Facebook, and LinkedIn pages.

Jamsfy Technologies Private Limited

Founded by Shubham Saurabh, Jamsfy Technologies Private Limited provides IT services and solutions for the textile industry, financial sector, and education technology. Visit them on their Twitter, Facebook, and LinkedIn pages.


Dhan, founded by Pravin Jadhav, is a technology-driven investment platform that provides advanced tools for online trading and investing in securities. Find them on Twitter, Facebook, and LinkedIn.


FYNDNA, founded by CN Ram, Kumar Padhmanabhan, Manish Gupta, and Manmath Kulkarni, operates in banking, developer APIs, finance, information technology, and IT management. Visit their LinkedIn page for more information.

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