Tha last two years have been buzzing for the fintech sector with a push being given by the NaMo government to adopt digital modes of payment and bringing digital currency to the mainstream. The spurt in the fintech space has given birth to a gamut of fintech sub-sectors one of them being the lending space which has seen some interests from popular investors and venture capitalists. Lets’ have a look at the leaders in the space  –

1. Capital Floats

The SME Lending platform disbursed INR 1000 crore as of January 2017 and is gunning to touch near to Rs.5000 crores in the next two years. Boasting of partnerships with startups such as Shopclues, Paytm and Uber in its client portfolio, the company now envisions reaching out to kirana store owners, small mom & pop stores and other small time merchants.

Founders – Sashank Rishyasringa and Gaurav Hinduja
Year founded – 2013
Headquarters – Bengaluru
Funding Raised – USD 45 Million in NCD’s
Funding Partners – George Soros’s Aspada Investment Co., SAIF Partners, Sequoia Capital

Also Read: A list of 15 crowdfunding platforms in India

2. Lending Kart

It provides loans for working capital needs of SME’s which are quick and easy collateral free with minimal paperwork. The company has expanded to 462 cities and disbursed close to 6500 loans. They are targeting to disburse loans close to Rs.1600 crores by the end of this financial year.

Founders – Harshvardhan Lunia and Mukul Sachan
Year founded – 2014
Headquarters – Ahmedabad
Funding Raised – USD 42 Million in Series A and Series B funding
Funding Partners – Saama Capital, Mayfield Fund, Bertelsmann India Investments (BII), Darrin Capital Management and India Quotient

3. KredX

This Fintech platform, KredX is India’s first invoice discounting marketplace. It was built with the objective of facilitating short term working capital for SME’s by discounting their unpaid invoices raised against blue-chip companies to a network of financiers. Their recent acquisition of New York based startup Hummingbill to strengthen their technological capability is reflective of their growth curve in the lending space.

Founders – Manish Kumar, Puneet Agarwal and Anurag Jain
Year founded -2015
Headquarters – Bengaluru
Funding Raised – USD 6.25 Million
Funding Partners – Sequoia India, Prime Venture Partners

4. NeoGrowth

This SME offers business loans to SMEs, business funding for small and medium-sized retailers and online vendors and sellers in India. The company primarily helps in meeting the monetary needs of small businesses selling goods and services to consumers.

Founders – Dhruv Khaitan and Piyush Khaitan
Year founded – 2013
Headquarters – Mumbai
Funding Raised – USD 43.62 Million
Funding Partners – IIFL Wealth Management Seed Venture Fund, Omidyar Network, Khosla Impact, Aspada Investment Co.

Also Read: Top 100 disruptive Indian startups to look out for in 2017

5. Faircent

The idea for Faircent was driven from a personal pursuit for founder Mr. Rajat Gandhi when he launched the peer-to-peer lending marketplace. It now has 6000 registered lenders, 30,000 registered borrowers and an average of Rs 1 crore loans disbursed every month.

Founders – Rajat Gandhi, Nitin Gupta and Vinay Mathews
Year founded – 2014
Headquarters – Gurgaon
Funding Raised – USD 8.25 Million
Funding Partners – Aarin Capital, Brand Capital, JM Financial, M&N Capital Partners, Ad-for-equity investment arm of Bennett Coleman and Co., Mohan Das Pai, Arun Tadanki, Doreswamy Nandkishore and Kshitij Jain.

6. InstaKash

This is yet another startup promising an efficient and simple process when it comes to lending money in the Indian space. Presently, InstaKash is offering business loans and line of credit to small businesses where the entire application process can be completed extremely fast.

Founder – Gaurang Sanghvi
Headquarters – Gurgaon
Funding Raised – USD 1 million
Funding Partners – incubated by Aditya Birla Group

7. Indifi Technologies

This Fintech startup facilitates borrowing for MSME’s, with its current presence among travel, e-commerce, retail and hotel segments. With a fresh infusion of funds this year, it aims to build its product offerings in these verticals.

Founders – Alok Mittal, Siddharth Mahanot and Sundeep Sahi
Year founded – 2015
Headquarters – Gurgaon
Funding Raised – USD 10 million in Series B and undisclosed amount in Series A
Funding Partners – Omidyar Network, Accel Partners and Elever Equity

8. Cointribe

It is the only lending platform which has back-tested its credit model with large banks and its platform is being used by banks for credit assessment.

Founders – Amit Sachdev, Rohit Lohia and Manish Chaudhari
Year founded – 2016
Headquarters – Gurgaon
Funding Raised – USD 3 Million
Funding Partners – Puneet Dalmia

9. LoanXpress

Like claimed by LoanXpress, it offers more than 35 types of business loans in India, some of them being secured and unsecured loans, working capital loans and loan for commercial property. Another startup in this space working for a trouble-free process for young, innovative and budding businesses that need SME Finance.

Founder – Pratap Singh Nathani
Year founded – 2015
Headquarters – Mumbai

Also Read: A list of top 12 startup accelerators in Delhi and NCR region

10. Ziploan

Ziploan provides unsecured small business loans to SMEs in India with flexible terms and no hidden prepayment charges . The startup typically offers a loan in the range of 1 to 5 lakhs for 12-24 months generally. And the credit assessment process just takes a few minutes compared to the time taken by traditional processes.

Founders – Shalabh Singhal, Kshitij Puri
Year founded – 2015
Headquarters – Delhi
Funding Raised – Undisclosed Amount
Funding Partners – GrowX Venture Management, Arun Venkatachalam, Badal Malick, Sunil Kalra

11. Rubique

Rubique is an online technology-led marketplace offering a wide range of loan products and end- to-end loan fulfillment to individuals and MSMEs. It differentiates itself from the prevailing opponents in terms of its optimal matchmaking algorithm and its connection with financial bodies to give the best deal in the lowest time possible.

Founders – Sandeep Nambiar and Manavjeet Singh
Year founded – 2014
Headquarters – Mumbai
Funding Raised – USD 3 Million
Funding Partners – Kalaari Capital, Globevestor, YourNest Angel Fund

Also Read: 33 useful SAAS metrics for startup founders

12. Origa Leasing

Origa Leasing is India’s first startup to replace the concept of loan to a lease. This Asset Leasing company provides solutions to growth oriented businesses that are not supported by the conventional systems. It helps them in scaling up their operations and create a large pool of employment and income.

Founder – Shrirang Tambe
Year founded – 2013
Headquarters – Mumbai
Funding Raised – USD 1 Million
Funding Partners – ah! Ventures, 500 Startups and a consortium of high profile investors

13. India Lends

This Fintech platform aims to reorganize the unorganized lending sector in India through its underwriting technologies and techniques. It helps SME and self-employed individuals to get unsecured loans at fair rates of interest easily, and help in boosting their performance.

Founders – Gaurav Chopra, Mayank Kachhwaha
Year founded – 2015
Headquarters – New Delhi
Funding Raised – USD 4 Million in Series A
Funding Partners – American Express Ventures, DSG Consumer Partners

Also Read: A list of 40+ edtech startups from India – Who is gonna disrupt?

14. Loan Tap

Loan Tap says, “EMI free loans are finally here!” Offering loans to salaried professions where the interest is charged under simple interest calculation to meet their personal needs. They want to make it more flexible for the users with a wide number of choices in contrast with the typical loan segments.

Founder – Vikas Kumar
Year founded – 2016
Headquarters – Pune
Funding Raised – 200 million INR in Series A
Funding Partners – Abhishek Pandey and Jaysukh Sapra

15. LoanCircle

This Fintech startup uses an exceptional way of evaluating the borrowers applying for personal loans. Their data model assesses them based on their education, salary, transactions and so on to reduce the risk involved in availing unsecured loans. New comers can get a loan quickly using LoanCircle if they simply qualify their evaluation process.

Founder – Tanuj Mendiratta
Year founded – 2015
Headquarters – Bengaluru
Funding Raised – Undisclosed Amount in Angel Funding
Funding Partners – Zishaan Hayarh, co-founder of, Rahul Khanna, MD of Trifecta Capital

16. Loanzen

Peer to Peer Business Loan Online Marketplace Loanzen provides unsecured loans to SMEs to fuel their growth. It provides short term credit to small businesses, which they often don’t get from banks.

Founders – Madhu Sudan, Venkatesh Sankaraman and Ritesh Kadmawala
Year founded – 2015
Headquarters – Bengaluru
Funding Raised – Undisclosed amount (Seed Fund)
Funding Partners – Tracxn Syndicate

Do you think we have forgot to include any company? Let us know through the comments below!

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Rashika Daga

Engineer by mind, writer out of passion. An avid reader, keen observer and extremely enthusiastic in exploring new things. In a long term relationship with love and enjoyment.