Top FinTech Startups That Will Demo at the India FinTech Awards (IFTA)


The India FinTech Awards (IFTA) is an initiative to identify some of the best FinTech ideas and showcase them on a national level platform. The Indian FinTech scene is thriving with a plethora of opportunities and it was no surprise that we had so many applicants for the India FinTech Awards (IFTA).

After much deliberation, as a knowledge partner, we have come up with some of the most exciting startups in the FinTech space. It doesn’t in any way mean that the other ones are not great or worthy of appreciation. The participants have been divided into startups and corporate categories:

Startup Category

Capital Float provides working capital finance to SMEs in India. The company offer short-term loans that can be used to purchase inventory, service new orders or optimize cash cycles. is an online marketplace for currency exchange and outward remittance services in India. Extravelmoney offers a platform where users can compare the exchange rates by various vendors at a selected place.

Hedgeable automates sophisticated investing for busy professionals in less than five minutes with no minimum investment required. It has developed several proprietary systems to offer services like risk management, hedging, bitcoin investing, impact investing and private equity.

Digio is a startup focused on bringing paperless, presence less, hassle-free documentation to Indian consumers and businesses. It has built a one-click eSign Gateway atop Aadhaar for businesses to power their web-based applications to enable their users to sign documents online.

Signzy provides API solution which enables bank-grade digital onboarding in real time using artificial intelligence and advanced cryptography. The company offers APIs in the following verticals: digital ID verification, AML/CFT checks, company verification and company background check.

Zebpay is a bitcoin mobile wallet. Zebpay is targeted at regular people who want to start using bitcoins among friends and family and to accept bitcoins in their small businesses.

ftcash aims to empower micro-merchants and entrepreneurs with the power of electronic payments and loans with zero upfront cost and no monthly rentals. Merchants are able to offer their customers multiple payment methods including credit cards, debit cards, net banking, mobile wallets, PayPal and more.

Happay is a prepaid card-based business expense management solution that automates client’s expense workflow from purchase to accounting, and enables real-time visibility and control over employee spending.

LoanXpress aims to be a one-stop solution for an efficient online credit delivery and credit analysis platform that arranges loans and working capital for SMEs.

MeReal Biometrics is a private company dedicated to inventing revolutionary and innovative biometric solutions in access and authentication.

Monexo is an online marketplace for peer-to-peer lending bringing together lenders with borrowers. They are a marketplace matching individuals and businesses who need credit to lenders who seek to invest in a profitable asset class.

Paynear Solutions is a complete payment solution provider, enabling individuals and businesses of all sizes to easily manage their card payment activities.

Rubique offers a wide range of loan products and end-to-end loan fulfillment for individuals and MSMEs. This FinTech company has introduced a tech-led lending solution which is unique in terms of its matchmaking algorithm and direct integration with financial institutions’ lending systems.

ToneTag is an integrated library (SDK) that allows easy, frictionless and secure proximity payments using sound (tone) or NFC (tag).

TradingView is an online community for investors and people who want to learn about the markets. Designed to provide a Bloomberg-like experience to non-professional traders, users have free access to top-notch charting and analysis, publish trading ideas and discuss markets in real time.

Corporate Category

BankBazaar is an online marketplace that gives users customized rate quotes on loans and insurance products. On, users can compare the total costs of the loan offers made and get access to unbiased customers’ ratings of financial institutions.

CustomerXPs is a provider of customer experience management and enterprise fraud management software and services.

EZMCOM is a security access provider for innovative and easy-to-use technology that can be deployed to protect users, data, and applications from credential theft, account takeover and breaches.

Freecharge is a payments app through which customers across the country can make prepaid, postpaid, DTH, metro recharge and utility bill payments for numerous service providers. It also enables merchants, small or large to accept digital payments in less than one minute after registering on the Freecharge App.

First appeared at LTP