# Top 26 Financial Services Startups in Mumbai by Funding (2026)

> The 26 best-funded financial Services startups in Mumbai, ranked by total funding raised: $483M combined.

Source: https://millionrounds.com/top-lists/financial-services-startups-mumbai (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Raise Financial Services** Raise Financial Services is a fintech company based in Mumbai, India, founded in 2021.](https://millionrounds.com/company/raise-financial-services) Raise Financial Services is a fintech company based in Mumbai, India, founded in 2021. *Founded* 2021 Mumbai, India **$120M** last round Oct 2025
- 2 [**Mintifi** Mintifi is a Mumbai-based fintech company founded in 2017, specializing in supply chain financing.](https://millionrounds.com/company/mintifi) Mintifi is a Mumbai-based fintech company founded in 2017, specializing in supply chain financing. *Founded* 2017 Mumbai, India **$100M** last round Dec 2024
- 3 [**Ecofy** Ecofy is a green-only NBFC in India, offering financial solutions for eco-friendly initiatives, including loans, leases, and insurance.](https://millionrounds.com/company/ecofy) Ecofy is a green-only NBFC in India, offering financial solutions for eco-friendly initiatives, including loans, leases, and insurance. *Founded* 2022 Mumbai, India **$41M** last round Mar 2026
- 4 [**dezerv.** Dezerv Investments Private Limited is a Mumbai-based startup specializing in wealth technology and financial technology.](https://millionrounds.com/company/dezerv) Dezerv Investments Private Limited is a Mumbai-based startup specializing in wealth technology and financial technology. *Founded* 2021 Mumbai, India **$40M** last round Oct 2025
- 5 [**Citrus Payment Solutions** Citrus Payment Solutions provides consumer payments and mobile banking services.](https://millionrounds.com/company/citrus-payment-solutions) Citrus Payment Solutions provides consumer payments and mobile banking services. *Founded* 2011 Mumbai, India **$25M** last round Oct 2015
- 6 [**TransBnk** TransBnk is a Transaction Banking Platform.](https://millionrounds.com/company/transbnk) TransBnk is a Transaction Banking Platform. *Founded* 2022 Mumbai, India **$25M** last round Aug 2025
- 7 [**Knight FinTech** Knight FinTech is a Mumbai-based banking technology company founded in 2019 by Kushal Rastogi and Partesh Shah.](https://millionrounds.com/company/knight-fintech) Knight FinTech is a Mumbai-based banking technology company founded in 2019 by Kushal Rastogi and Partesh Shah. *Founded* 2019 Mumbai, India **$24M** last round Jan 2026
- 8 [**ApnaPaisa** ApnaPaisa is a prominent digital financial marketplace in India, specializing in loan aggregation and facilitation for personal and business loans.](https://millionrounds.com/company/apnapaisa) ApnaPaisa is a prominent digital financial marketplace in India, specializing in loan aggregation and facilitation for personal and business loans. *Founded* 2007 Mumbai, India **$17M** last round Dec 2007
- 9 [**Aerem** Aerem is a full-stack FinTech platform based in Mumbai, India, focused on promoting rooftop solar energy adoption.](https://millionrounds.com/company/aerem) Aerem is a full-stack FinTech platform based in Mumbai, India, focused on promoting rooftop solar energy adoption. *Founded* 2021 Mumbai, India **$15M** last round Jan 2026
- 10 [**HomeCapital** HomeCapital is a Mumbai-based fintech platform that offers a unique down payment assistance program for first-time home buyers in India.](https://millionrounds.com/company/homecapital) HomeCapital is a Mumbai-based fintech platform that offers a unique down payment assistance program for first-time home buyers in India. *Founded* 2017 Mumbai, India **$15M** last round Nov 2023
- 11 [**LiquiLoans** LiquiLoans (NDX P2P Private Limited) is a regulated Peer to Peer (P2P) Non-Banking Financial Company (NBFC) based in Mumbai, India.](https://millionrounds.com/company/liquiloans) LiquiLoans (NDX P2P Private Limited) is a regulated Peer to Peer (P2P) Non-Banking Financial Company (NBFC) based in Mumbai, India. *Founded* 2018 Mumbai, India **$12M** last round Sept 2022
- 12 [**OneAssist** OneAssist is a protection & assistance services platform.](https://millionrounds.com/company/oneassist) OneAssist is a protection & assistance services platform. *Founded* 2011 Mumbai, India **$12M** last round Dec 2018
- 13 [**MintOak Innovations** Mintoak offers a modularized, cloud-native and API-first platform that helps banks to broaden their payment offerings to merchants.](https://millionrounds.com/company/mintoak-innovations) Mintoak offers a modularized, cloud-native and API-first platform that helps banks to broaden their payment offerings to merchants. *Founded* 2017 Mumbai, India **$8.3M** last round Jan 2025
- 14 [**Arthan Finance** Arthan Finance Private Limited is a FinTech Non-Banking Finance Company (NBFC) based in Navi Mumbai, licensed by the Reserve Bank of India.](https://millionrounds.com/company/arthan-finance) Arthan Finance Private Limited is a FinTech Non-Banking Finance Company (NBFC) based in Navi Mumbai, licensed by the Reserve Bank of India. *Founded* 2018 Mumbai, India **$6.0M** last round Jun 2024
- 15 [**Vegapay** Vegapay Technology Pvt.](https://millionrounds.com/company/vegapay) Vegapay Technology Pvt. *Founded* 2022 Mumbai, India **$5.5M** last round May 2024
- 16 [**Micro Housing Finance Corporation Limited** Micro Housing Finance Corporation provides housing finance for lower income households mainly in urban India.](https://millionrounds.com/company/micro-housing-finance-corporation-limited) Micro Housing Finance Corporation provides housing finance for lower income households mainly in urban India. *Founded* 2008 Mumbai, India **$5.4M** last round Sept 2013
- 17 [**AlgoBulls** AlgoBulls is a fully managed algorithmic trading platform based in Mumbai, India, founded in 2019.](https://millionrounds.com/company/algobulls) AlgoBulls is a fully managed algorithmic trading platform based in Mumbai, India, founded in 2019. *Founded* 2019 Mumbai, India **$2.2M** last round Dec 2022
- 18 [**Icanheal** iCanHeal is a health-tech company based in Mumbai, India, focused on making healthcare more accessible and affordable.](https://millionrounds.com/company/icanheal) iCanHeal is a health-tech company based in Mumbai, India, focused on making healthcare more accessible and affordable. *Founded* - Mumbai, India **$1.8M** last round Jul 2024
- 19 [**LivQuik** LivQuik is a fintech company based in Mumbai and Chennai, licensed by the Reserve Bank of India as a Prepaid Payment Issuer.](https://millionrounds.com/company/livquik) LivQuik is a fintech company based in Mumbai and Chennai, licensed by the Reserve Bank of India as a Prepaid Payment Issuer. *Founded* 2012 Mumbai, India **$1.6M** last round Jul 2015
- 20 [**Bold Finance** Bold Finance Technologies Private Limited is a fintech startup based in Mumbai, founded in 2021 by Durgesh Suthar and Nikhil Jain.](https://millionrounds.com/company/bold-finance) Bold Finance Technologies Private Limited is a fintech startup based in Mumbai, founded in 2021 by Durgesh Suthar and Nikhil Jain. *Founded* 2021 Mumbai, India **$1.5M** last round Nov 2022
- 21 [**Entitled Solutions** Entitled Solutions is a Mumbai-based fintech and HRTech startup focused on financial and health inclusion for low-income workers in India.](https://millionrounds.com/company/entitled-solutions) Entitled Solutions is a Mumbai-based fintech and HRTech startup focused on financial and health inclusion for low-income workers in India. *Founded* 2019 Mumbai, India **$1.3M** last round Dec 2023
- 22 [**BharatNXT** BharatNXT is a Mumbai-based B2B fintech platform that focuses on business payment solutions and credit management for small and medium enterprises (SMEs).](https://millionrounds.com/company/bharatnxt) BharatNXT is a Mumbai-based B2B fintech platform that focuses on business payment solutions and credit management for small and medium enterprises (SMEs). *Founded* 2022 Mumbai, India **$1.2M** last round Jun 2023
- 23 [**Lxme** Lxme is India's first financial platform designed exclusively for women, aiming to empower them to achieve financial independence.](https://millionrounds.com/company/lxme) Lxme is India's first financial platform designed exclusively for women, aiming to empower them to achieve financial independence. *Founded* 2021 Mumbai, India **$1.2M** last round Jun 2024
- 24 [**Fundly.ai** Fundly.ai is a Mumbai-based fintech startup founded in 2021, focused on enhancing the pharmaceutical supply chain through innovative financing solutions.](https://millionrounds.com/company/fundly-ai) Fundly.ai is a Mumbai-based fintech startup founded in 2021, focused on enhancing the pharmaceutical supply chain through innovative financing solutions. *Founded* 2021 Mumbai, India **$1.0M** last round Jan 2025
- 25 [**GREX** GREX is a private market platform that utilizes Distributed Ledger Technology (blockchain) to create a digital capital market for private securities.](https://millionrounds.com/company/grex) GREX is a private market platform that utilizes Distributed Ledger Technology (blockchain) to create a digital capital market for private securities. *Founded* 2014 Mumbai, India **$625K** last round Aug 2015
- 26 [**Indium Finance** Indium Finance is a Mumbai-based fintech NBFC platform operated by Indiumplus Financial Services Pvt Ltd.](https://millionrounds.com/company/indium-finance) Indium Finance is a Mumbai-based fintech NBFC platform operated by Indiumplus Financial Services Pvt Ltd. *Founded* 2019 Mumbai, India **$564K** last round Aug 2022

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed in this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

Open any company for its rounds and investors, or search the investors who back financial Services startups in Mumbai in the app, with filters, lists and exports.

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## More financial services lists

[See all](https://millionrounds.com/top-lists?t=Financial%20Services)

[*HP* *K* *FC* **Financial Services startups in the United States** 1,259 companies · $44B](https://millionrounds.com/top-lists/financial-services-startups-united-states)[*F* *FC* *R* **Financial Services startups in the United Kingdom** 472 companies · $26B](https://millionrounds.com/top-lists/financial-services-startups-united-kingdom)[*HP* *K* *O* **Financial Services startups that raised in 2026** 412 companies · $29B in 2026](https://millionrounds.com/top-lists/financial-services-startups-raised-2026)[*F* *FC* *R* **Financial Services startups in London** 282 companies · $22B](https://millionrounds.com/top-lists/financial-services-startups-london)[*K* *GH* *A* **Financial Services startups founded in 2019** 267 companies · $11B](https://millionrounds.com/top-lists/financial-services-startups-founded-2019)[*C* *M* *J* **Financial Services startups founded in 2020** 262 companies · $4.3B](https://millionrounds.com/top-lists/financial-services-startups-founded-2020)[*FH* *C* *BO* **Financial Services startups founded in 2021** 233 companies · $4.3B](https://millionrounds.com/top-lists/financial-services-startups-founded-2021)[*S* *F* *P* **Financial Services startups founded in 2018** 224 companies · $6.1B](https://millionrounds.com/top-lists/financial-services-startups-founded-2018)

## More lists for Mumbai

[See all](https://millionrounds.com/top-lists?r=Mumbai)

[*N* *PR* *SG* **Startups in Mumbai** 246 companies · $5.2B](https://millionrounds.com/top-lists/startups-mumbai)[*N* *B* *U* **Fintech startups in Mumbai** 20 companies · $385M](https://millionrounds.com/top-lists/fintech-startups-mumbai)[*RF* *T* *T* **E-commerce startups in Mumbai** 20 companies · $414M](https://millionrounds.com/top-lists/ecommerce-startups-mumbai)[*T* *P* *M* **Healthcare startups in Mumbai** 17 companies · $380M](https://millionrounds.com/top-lists/healthcare-startups-mumbai)[*B* *BB* *C* **Food & Beverage startups in Mumbai** 16 companies · $64M](https://millionrounds.com/top-lists/food-beverage-startups-mumbai)[*NS* *B* *TS* **IT Services startups in Mumbai** 15 companies · $74M](https://millionrounds.com/top-lists/it-services-startups-mumbai)[*RF* *B* *C* **Internet startups in Mumbai** 13 companies · $526M](https://millionrounds.com/top-lists/internet-startups-mumbai)