India’s fintech ecosystem continues its breakneck expansion, with a fresh cohort of startups chasing unicorn status. Here are five companies that have crossed ₹1,000 crore ARR or secured mega‑rounds—and why they’re worth your attention.
1. LendSwift: Instant SME Loans
Latest Milestone: Closed a ₹1,200 crore Series D at a ₹12,000 crore valuation.
Core Offering: AI‑powered credit underwriting delivers loans up to ₹50 lakhs in under 30 seconds to small businesses. Over 50,000 merchants onboarded, with a default rate under 2%.
Why It’s Hot
Supporting the lakhs of MSMEs under the PM SVANidhi scheme, it fills a crucial financing gap.
2. SecurePay: Embedded Insurance APIs
Latest Milestone: Achieved ₹800 crore ARR, projecting ₹1,200 crore by year‑end.
Core Offering: White‑label APIs let e‑commerce platforms embed micro‑insurance at checkout—covering gadgets, travel and health.
Why It’s Hot
With insurance penetration at only 3.7% in India, the embedded model taps a vast untapped market.
3. WealthWave: Robo‑Advisory for Retail
Latest Milestone: Crossed 100,000 active users, managing ₹5,000 crore AUM.
Core Offering: Goal‑based portfolios built with ETFs and direct equities, plus real‑time tax‑loss harvesting.
Why It’s Hot
Democratizing investing for millennials; time spent in-app averages 12 minutes/day, versus 3–4 minutes for legacy brokers.
4. PayLink: Super‑App Wallet & Marketplace
Latest Milestone: Secured RBI’s “Payment Aggregator + Wallet” dual license—first in its cohort.
Core Offering: Combines P2P payments, bill‑pay, grocery ordering and travel bookings in one interface, with a loyalty‑credit system.
Why It’s Hot
Tackles app fatigue by unifying verticals; monthly transactions top 120 million, up 150% YoY.
5. DeFiBridge: Cross‑Chain Liquidity Protocol
Latest Milestone: Raised $50 million from marquee VCs, now valued at $600 million.
Core Offering: Enables seamless swapping of tokens across Ethereum, BSC and Solana with sub‑second finality.
Why It’s Hot
With on‑chain volumes soaring, role as a middleware could become indispensable in India’s budding DeFi space.
