The fintech sector has come up as a focal point in India’s growth story; with technology paving the way for revolutionizing payments, lending, wealth technology (wealth tech), personal finance management, insurance technology (insure tech), regulation technology (reg tech), etc.
India has truly emerged as one of the biggest fintech hubs in the world as new-age companies leveraged technology to change the way people and businesses avail banking and financial services.
Fintech is a leading example of inclusivity in an increasingly complex national and global economic scenario. NSA is aiming to recognise outstanding players which will be leading the charge of inclusive growth in the Indian financial system and recognise the country’s potential as the fintech center of the world.
ToneTag harnesses the power of sound to enable seamless device-to-device and human-to-device communication. Currently, it is the largest soundwave communication technology platform on the planet that enables payments & proximity customer engagement services on any device, independent of the instrument or the infrastructure.
The product is platform-independent and is highly scalable and interoperable. With ToneTag, anyone with any device, even feature phones with or without the internet, can communicate with any device with minimal or no human intervention. With 13 patents filed and 132 claims, ToneTag's one-of-a-kind technology has built significant use cases and garnered excitement in the payments sector and offline retail space. It is responsible for empowering and enriching various businesses across the globe and helping them enhance their communication or payments channels.
Unique users
Unique merchant points
Unique interactions per month
ToneTag received the Fintech Award for Promotion of Digital Payments 2018-19 by MeitY and RBI for enabling payments on feature phones.
Riskcovry is a full-stack InsurTech platform that enables omnichannel insurance distribution for their partners. It helps them to build and scale their insurance distributions business across channels, products, and use-cases.
They offer a comprehensive insurance-in-a-box solution with ready insurer partnerships, product integrations, technology platform, processes, and regulatory requirements. The product sachet is a Unique co-creation of more minor variants (either premium amount, coverage or duration) by unbundling complex insurance products across Life, General, and Health categories, that suit a distribution partner’s customer base. This evolving insurance purchase behavior is being increasingly preferred across demographics. Riskcovry helps with product recommendation, price discovery, enabling end-to-end omnichannel digital purchase journey.
SDGs Supported by Revy Technology
BC enabling micro health and two-wheeler insurance via an assisted model -- FoS network using Riskcovry's insurance product + tech + IRDA license, across rural markets
India’s top retailer enabling multi-channel sales across multiple micro products using Riskcovrys back-end tech and APIs
NBFC with MSME loan book using Riskcovry's Loan Protect product APIs to enable digital "opt-in" credit shield insurance against every loan disbursed
The Startup is a partner with Mumbai Fintech Hub, a Government of Maharashtra Initiative.
| Name of Startup | Category | City | State |
|---|---|---|---|
| kpay innovation private limited | Financial Inclusion | Pune | Maharashtra |
| TAP smart data information services private limited | Financial Inclusion | Mumbai | Maharashtra |
| xiphias xpay life private limited | Financial Inclusion | Bengaluru | Karnataka |
| tapits technologies private limited | Financial Inclusion | Indore | Madhya Pradesh |
| fampay solutions private limited | Financial Inclusion | Bengaluru | Karnataka |
| makspay fintech solutions private limited | Financial Inclusion | Hyderabad | Telangana |
| RFL insurance broking private limited | Insurance | Mumbai | Maharashtra |
| artivatic data labs private limited | Insurance | Bengaluru | Karnataka |
| intelligent industrial internet systems private limited | Insurance | Mumbai | Maharashtra |