India is home to a thriving fintech market that supports billions of transactions per year. The sector is made up of financial institutions that serve customers through digital experiences as well as companies that build software designed to manage vital functions like accounting and invoicing. Hyderabad is one of the country’s major centers for tech activity. Below we rounded up some of the city’s top financial technology companies.
Fintech Companies in Hyderabad
- HighRadius
- Zaggle
- KFintech
- CreditVidya
- Swipe
Top Fintech Companies in Hyderabad
Payment processing company Payswiff provides a platform that allows businesses to streamline their payments and ensure tax compliance. Its mobile app, SET, helps merchants accept a variety of payment options. Payswiff is headquartered in Hyderabad.
HighRadius builds AI-powered solutions to automate finance and accounting processes. It has products for a variety of business functions, including collections management, cash forecasting and balance sheet reconciliation. HighRadius has technology offerings that enable processing for $10.3 million in transactions every year.
Zaggle provides spend management solutions for startups, small and medium-sized businesses and major corporations. The Zaggle Zoyer product, for example, is a platform that integrates automation into accounts payable processes. The company’s lineup of digital solutions serves over 2.9 million users.
Gen Z neobank Zeni5 is designed specifically for students. The digital student card provides a QR code for student recognition, a universal ID card and a digital wallet. It allows students to pay their fees, access student discounts, and find scholarships. Zeni5 was founded in 2022 and has its headquarters in Hyderabad.
HighRadius’ Autonomous Finance Platform enables businesses to speed up payment collection, reduce manual financial work and streamline financial operations. Its customers include 3M, Unilever and Hershey’s. HighRadius is headquartered in the United States with additional locations in France, England and India.
CreditVidya aims to improve financial inclusion throughout India by building lending technology infused with artificial intelligence and big data capabilities. The company’s CVScore product is a credit risk assessment tool that helps lenders expand their customer base by enabling faster loan decisions, increasing approvals and reducing defaults.
Swipe’s software solutions simplify invoice creation and help businesses get paid faster. Through its app, which is available for both Android and iOS, users can create billing documents in as little as 10 seconds and can share them via email and WhatsApp. Swipe says its technology makes it easy to set up an online store, send payment reminders and access business analytics.
PhonePe is India’s largest payments app, with 480 million registered users. The app allows customers to send and receive money, pay bills, recharge mobile phones, make purchases and even get personal loans. PhonePe has offices across India and employs 1,000 people.
More than 20 million merchants use Paytm to accept digital payments. The Indian company’s name stands for “pay through mobile,” and more than 300 million people use it to do just that. Paytm can be used to send money, book movies, pay bills and recharge mobile phones. The company employs 10,000 people.
KFintech specializes in asset management solutions. Its offerings include software for mutual funds, corporate registry services, tools for private wealth management and end-to-end solutions for streamlining alternative investment fund oversight. KFintech works with more than half of India’s asset management companies.
