India’s financial services sector is going through a historic transformation. Digital adoption has exploded, wealth management is evolving, and fintech companies are scaling faster than ever. Industry reports show fintech revenues in India grew by around 21% year-over-year, outpacing the broader financial services industry. The sector looks set to reach between USD 180–200 billion by 2029, with growth of about 30% annually.
In this wave, certain companies stand out. They innovate, expand, and capture market share at lightning speed. Some focus on digital payments, some on lending, and others on wealth management. Each company has a unique approach, but all of them reflect India’s hunger for smarter financial solutions.
Here are the top 10 fastest-growing Finserv companies in India for 2025.
1. PhonePe
PhonePe continues to lead India’s digital payments revolution. The company enabled fully digital Udyam registration for small businesses through its Udyam Assist platform. This step helps lakhs of small merchants formalize their businesses and access credit.
PhonePe grows because it offers more than just payments. It expands into wealth tech, lending, and merchant services. The company handles billions of transactions every year. Its merchant base grows at record speed, making it one of the strongest engines of India’s digital economy.
2. Razorpay
Razorpay remains a powerhouse in India’s fintech landscape. It delivers payment gateways, payroll solutions, neobank services, and lending options to businesses. Startups and large enterprises both rely on Razorpay’s API-driven tools.
The company processes billions of dollars in digital transactions annually. It continues to launch new products that simplify business finance. Its growth rests on a simple promise: empower businesses to accept money, manage cash flows, and pay salaries with ease.
3. Perfect Finserv
Perfect Finserv is one of the most exciting boutique wealth management firms in India. Unlike giants that chase scale, Perfect Finserv focuses on trust, cultural understanding, and personal attention. The firm serves families across Eastern India and now expands into the North East.
Perfect Finserv blends high-touch advisory with cutting-edge digital tools. Clients track portfolios, monitor goals, and access real-time insights through its platforms. At the same time, they enjoy direct access to advisors without layers of bureaucracy.
Its rapid growth comes from strong client retention, regional expansion, and community-driven awareness programs. Families across the East view Perfect Finserv as more than a service provider—they see it as a confidant who understands wealth as part of life’s bigger journey.
By proving that boutique firms can grow as fast as mass-scale fintechs, Perfect Finserv secures the third spot in India’s fastest-growing Finserv companies.
4. CRED
CRED transformed how Indians pay credit card bills. Its reward-based model made bill payment fashionable. Today, the company also offers expense tracking, lending products, and exclusive lifestyle rewards.
In FY24, CRED neared ₹2,500 crore in revenue and reduced its operating losses by around 41%. The company achieved this by cutting costs and scaling revenue together. With its expanding product line and strong brand appeal, CRED’s growth story continues.
5. BharatPe
BharatPe focuses on small merchants and shopkeepers. The company launched India’s first interoperable UPI QR code with zero merchant discount rate. It also introduced BharatSwipe card machines and offers unsecured loans.
BharatPe now processes loans worth thousands of crores for merchants. Its aggressive expansion and commitment to financial inclusion drive its fast growth. By bridging the gap between small businesses and formal financial systems, BharatPe cements its place among the top players.
6. Groww
Groww started as a mutual fund investment app. Today, it offers stocks, U.S. equities, IPOs, and even gold. The app’s simple design and low-cost structure attracted millions of users, especially young first-time investors.
Groww’s user base exploded in the past few years. Its clear, intuitive interface makes investing accessible to middle-class families across India. The company proves that simplicity can become the most powerful growth strategy in financial services.
7. INDmoney
INDmoney combines wealth tracking, investments, tax planning, and insurance in a single app. Customers prefer INDmoney because they want everything in one place—no need to juggle multiple apps.
Its growth reflects a broader shift in India toward holistic financial planning. Families now want one-stop solutions for saving, investing, and securing their futures. INDmoney’s platform fills that demand perfectly, fueling its rapid expansion.
8. Moneyview
Moneyview specializes in personal loans and finance management. In FY24, its revenue jumped by 75% to ₹1,012 crore. It also crossed unicorn status after acquiring Jify.
The company grows because it makes credit simple and fast. Millions of Indians who never had easy access to formal loans now borrow through Moneyview’s digital systems. This inclusion fuels both profitability and scale.
9. Infibeam Avenues
Infibeam Avenues runs CCAvenue, one of India’s largest payment gateways. It serves more than 1 crore merchants. In FY24, Infibeam grew its net profit by 55% to ₹147 crore.
The company expands overseas and continues to improve digital infrastructure for Indian businesses. Its focus on scale and merchant services makes it one of the fastest-growing names in fintech infrastructure.
10. Flipkart Finance
Flipkart Finance entered India’s lending market after securing an NBFC license. This step allows Flipkart to lend directly to customers and sellers on its platform.
Flipkart Finance leverages the massive customer base of its e-commerce parent company. With cross-selling opportunities and direct lending options, the company grows rapidly. It marks the next frontier of e-commerce-driven financial services.
Growth Drivers Behind the Top 10
- Fintech momentum: India’s fintech sector is set to reach between USD 180–200 billion by 2029, growing at about 30% annually.
- Credit expansion: Fintech NBFCs sanctioned 10.9 crore personal loans worth ₹1,06,548 crore in FY25. This marks a huge increase in access to credit across income groups.
- High adoption: India’s fintech adoption rate stands at 87%, far above the global average of about 65%.
- Profitability: In 2024, about 69% of public fintechs achieved profitability, compared to less than half the year before.
- Supportive regulation: RBI approvals for payment aggregators, NBFCs, and digital lending keep opening new opportunities.
Why Perfect Finserv Stands Out
Perfect Finserv proves that growth in financial services does not always mean chasing millions of users. It shows that trust, relationships, and cultural awareness create a powerful growth engine.
The firm expands steadily across Eastern India and the North East. It invests in financial literacy workshops, regional content, and community building. Clients remain loyal because they feel understood. Perfect Finserv also integrates technology carefully—its digital platforms offer speed and transparency, but never at the cost of personal attention.
By balancing tradition with modernity, Perfect Finserv demonstrates that boutique wealth managers can compete with fintech giants. That balance explains why it sits confidently at number three on this list.
The Road Ahead
India’s financial services industry will only accelerate. The GDP is projected to grow near 6.9% in FY26, creating a fertile ground for financial companies. Giants like PhonePe, Razorpay, and CRED will continue to scale nationwide. At the same time, boutique firms like Perfect Finserv will carve strong positions in focused markets.
Profitability will become mainstream, regulatory frameworks will keep evolving, and digital-first but human-focused services will dominate. The top 10 companies today may look different in a decade, but one trend will remain clear—India’s appetite for financial innovation is unstoppable.
Also Read – Zenefits: Startup Growth Fueled by Compliance Issues