The FinTech sector in India has seen a funding boom in the last five years, with funding increasing at a CAGR of 98% in the past six years. Today, there are more than 1200 active FinTech companies in the country and their number is growing constantly.
FinTechs are continuously trying to decrease their customer acquisition cost along with enhancing their customers’ experience using technology. Innovation among startups has disrupted the traditional financial services value chain, caused incumbents to scale up their operations, and created multiple options for customers.
Resilient Innovations Private Limited
DIPP18767
Resilient Innovations is working on offering financial services to merchants in the SME sector. With its app BharatPe, it is empowering entrepreneurs by enabling them to accept UPI payments initiated from any app. BharatPe's 0% merchant discount rates also give merchants the best lending and deposit rates in the market.
BharatPe, which uses QR code-based payments, was the first to launch a QR code system that could accept payments from all other UPI payment apps in India. BharatPe also offers short-term digital loans to merchants without any collateral to help solve their working capital requirements.
Won the ‘Innovation in Digital Payments through Emerging Technology’ prize at the Ministry of Electronics and Information Technology (MeitY) Fintech Awards October 2019.
| Name of Startup | Category | City | State |
|---|---|---|---|
| SILICONVEINS PRIVATE LIMITED | Financial Literacy Engagements | Mumbai | Maharashtra |
| NEARBY TECHNOLOGIES PRIVATE LIMITED | Financial Literacy Engagements | Mumbai | Maharashtra |
| GC WEB VENTURES PRIVATE LIMITED | Financial Literacy Engagements | Delhi | Delhi |
| KASHI CAPITAL PRIVATE LIMITED | Financial Literacy Engagements | Varanasi | Uttar Pradesh |
| ARYADHAN FINANCIAL SOLUTIONS PRIVATE LIMITED | Financial Literacy Engagements | Noida | Uttar Pradesh |
| MAHAGRAM PAYMENTS PRIVATE LIMITED | Financial Literacy Engagements | Mumbai | Maharashtra |
| RESILIENT INNOVATIONS PRIVATE LIMITED | Payment Wallets and P2P Lending | New Delhi | Delhi |
| ROI NET SOLUTION PRIVATE LIMITED | Payment Wallets and P2P Lending | Gurugram | Haryana |
| NAFFA INNOVATIONS PRIVATE LIMITED | Payment Wallets and P2P Lending | Bengaluru | Karnataka |
| UDMA TECHNOLOGIES PRIVATE LIMITED | Payment Wallets and P2P Lending | UDUPI | Karnataka |
| ZERONE MICROSYSTEMS PRIVATE LIMITED | Payment Wallets and P2P Lending | New Delhi | Delhi |
| PAYMART INDIA PRIVATE LIMITED | Payment Wallets and P2P Lending | Chandigarh | Chandigarh |