Table of ContentsTop Fintech Companies in Chennai 1. Bank Bazaar 2. Credit Mantri 3. Kaleidofin 4. PayPal 5. Financial Software & Systems 6. Hinduja Leyland Finance 7. Paytm 8. Fidelity National Information Services 9. Zerodha 10. Samunnati Financial Intermediation and Services
Top Fintech Companies in Chennai
Chennai, also known as the “Detroit of India,” is a hub for automotive and technology companies. In recent years, the city has seen a growth in the fintech industry, with numerous companies popping up to offer innovative financial solutions.
From payment gateway providers to digital lending platforms, these companies are revolutionizing the way financial transactions are conducted in the world.
In this blog post, we will take a look at the top fintech companies in Chennai that are making waves in the industry.
Top Fintech Companies in Chennai
The following are the Top fintech companies in Chennai:
1. Bank Bazaar
BankBazaar is an Indian fintech company that operates as a digital marketplace for financial products. The company was founded in 2008 by Adhil Shetty, Arjun Shetty, and Rati Rajkumar.
BankBazaar has partnerships with a number of banks and financial institutions, and its platform allows users to compare offers from these partners and choose the one that best suits their needs. In addition to its headquarters in Chennai, BankBazaar has offices in Bangalore, Mumbai, and Singapore.
2. Credit Mantri
Credit Mantri is a fintech company based in India. It was founded in 2013 and is focused on providing credit-related services to consumers and small businesses.
Credit Mantri offers a range of services including credit score analysis, personalized loan recommendations, and credit counseling. The company partners with banks and financial institutions to provide its services, and it claims to have helped thousands of customers improve their credit scores and access credit.
Kaleidofin is a fintech company that provides personalized financial planning and investment solutions to individuals and small businesses in India. It was founded in 2015 by Manish Kumar and Abhinav Chaturvedi.
Kaleidofin has received funding from a number of investors including Sequoia Capital, Omidyar Network, and Flourish Ventures. It has also received recognition for its work, including being named one of the top 50 fintech companies in India by KPMG.
PayPal is a multinational payments company based in the United States. It was founded in 1998 and has since become one of the world’s largest and most popular payment platforms. PayPal has a strong presence in India and has been operating in the country since 2005.
PayPal India offers a range of payment solutions for individuals and businesses, including the ability to send and receive payments online, as well as the option to pay and get paid in various currencies. The company also offers a range of payment gateways and merchant services for online merchants, including the ability to accept credit and debit card payments, as well as e-checks.
5. Financial Software & Systems
Financial Software & Systems (FSS) is a global payments technology company that provides a range of financial technology products and services to banks, financial institutions, and corporations. Founded in 1991, the company now operates in over 50 countries worldwide.
In addition to its core payment processing business, FSS also offers a range of other financial technology products and services, including cash management systems, core banking systems, and ATM and self-service kiosk solutions.
6. Hinduja Leyland Finance
Hinduja Leyland Finance is a non-banking financial company (NBFC) based in Chennai, India. It is a joint venture between Hinduja Group, one of India’s leading business conglomerates, and Leyland Finance, a subsidiary of Ashok Leyland, a leading automotive company in India. It was established in 2008.
Hinduja Leyland Finance has a strong network of branches and partners across the country, and it uses advanced technology to deliver its services.
Paytm (acronym for “pay through mobile”) is a digital payments and financial services business based in India. Paytm was established in August 2010 with a $2 million investment from founder Vijay Shekhar Sharma.
Paytm’s parent company, One97 Communications, was registered on the Indian stock markets on November 18, 2021, following the biggest initial public offerings in India. Paytm has over 500 million customers as of 2021 and is one of India’s leading financial technology businesses.
8. Fidelity National Information Services
Fidelity National Information Services, also known as FIS, is a global financial services technology company headquartered in Jacksonville, Florida. It was founded in 1968.
It is serving more than 20,000 clients and more than one million merchant locations in over 130 countries.
FIS has a diverse client base that includes banks, credit unions, financial institutions, and insurance companies. FIS is also involved in philanthropic efforts, including supporting education and providing financial assistance.
Zerodha Broking Ltd. is a financial services company based in India. Nithin and Nikhil Kamath, two brothers, established the business in August 2010. The name Zerodha was selected as a mix of keywords for business ideals: zero and “Rodha,” the Sanskrit word for “barrier.”
As of 2019, Zerodha was India’s largest retail stock broker by active customer base, accounting for up to 2% of daily retail transactions on Indian stock exchanges. With a self-assessment of around $1 billion, Zerodha entered the “unicorn club” in June 2020.
10. Samunnati Financial Intermediation and Services
Samunnati Financial Intermediation and Services is a financial services company based in India. The company was founded in 2014.
Samunnati offers a range of financial products and services, including working capital loans, term loans, and crop insurance. The company also provides training and capacity building services to help farmers and SMEs improve their financial literacy and business skills.
The company has a network of branches and partners across India, and it works closely with banks, non-banking financial companies (NBFCs), and other financial institutions to provide its services.
We hope this article has helped you identify the top fintech companies in Chennai. Feel free to reach out to us in the comment section, if you have any questions or suggestions.
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