FinServ is a term that refers to financial services. It encompasses a wide range of activities and industries related to providing financial products and services to individuals, businesses, and organizations. The FinServ industry includes traditional banks, insurance companies, investment firms, payment processors, asset management companies, and other financial institutions.
In recent years, the financial services industry has experienced significant disruption and transformation due to advancements in technology and the rise of fintech startups. These startups leverage technology to offer innovative financial products and services, often targeting specific pain points or providing more accessible and convenient alternatives to traditional financial services.
“Top 7 Fintech Startups Revolutionizing Financial Services in India: Transforming the Way We Bank, Invest, and Transact in the Digital Age”
MoneyTap
Founder(s): Bala Parthasarathy, Anuj Kacker, and Kunal Varma
CEO: Bala Parthasarathy
Year: 2015
Services: Personal line of credit and consumer loans through a mobile app, providing instant access to credit.
MoneyView
Founder(s): Puneet Agarwal and Sanjay Aggarwal
CEO: Puneet Agarwal
Year: 2014
Services: Personal finance management app that helps users track expenses, manage budgets, and access personalized loan offers.
Perfios
Founder(s): V.R. Govindarajan and Debashish Chakraborty
CEO: V.R. Govindarajan
Year: 2008
Services: FinTech platform that offers financial data aggregation, analytics, and decision-making solutions for lenders, banks, and other financial institutions.
Kissht
Founder(s): Krishnan Vishwanathan and Ranvir Singh
CEO: Krishnan Vishwanathan
Year: 2015
Services: Consumer lending platform that provides instant financing options for purchases across various categories.
Scripbox
Founder(s): Sanjiv Singhal and Ashok Kumar ER
CEO: Sanjiv Singhal
Year: 2012
Services: Online investment platform offering personalized mutual fund recommendations and automated investment services.
Indifi Technologies
Founder(s): Alok Mittal, Siddharth Mahanot, and Sundeep Sahi
CEO: Alok Mittal
Year: 2015
Services: Digital lending platform focusing on small businesses, providing access to customized loan products.
KredX
Founder(s): Manish Kumar, Anurag Jain, and Puneet Agarwal
CEO: Manish Kumar
Year: 2015
Services: Online invoice discounting platform that allows businesses to unlock working capital by selling their unpaid invoices.
The FinServ industry is constantly evolving, driven by technological advancements, changing consumer expectations, and regulatory developments. Fintech startups, with their focus on innovation and agility, have played a significant role in shaping the landscape of financial services, offering more accessible and customer-centric solutions.