India is one of the hottest markets for financial services and fintech companies, and Pune is a major contributor to the industry’s success. A major contributor to the growth has been the nation’s domestic tech development and the growing adoption of internet devices, which has spurred the adoption of digital lending and payment solutions.
Other factors that have helped India grow its financial industry include expanding financial services to underserved and rural communities. While Pune is home to global banks and financial institutions, it’s also a development center for some of the most innovative fintech companies, including ones that are making banking accessible across demographics and geographies. Below are some of the top finance companies in Pune to know.
Top Finance Companies in Pune to Know
- TransUnion
- Mastercard
- Fiserv
- HSBC
- OneCard
- Lentra
- Phi Commerce
Top Finance Companies in Pune
Lentra is a SaaS lending platform that enables its clients to offer tailored loans. Various banks use the Lenta Lending Cloud, which leverages AI, data analytics and credit inquiries to create custom products. Lentra was founded in 2019 and counts on backing from Citi Ventures and HDFC, among other investment groups.
Fibe, formerly EarlySalary, is a fintech platform used by working young professionals to secure loans. By signing up on the app, customers get an instant approval for different loans and access to financial education material, healthcare quotes and upskilling opportunities.
Fiserv is an American financial technology company with an office in Pune. It works with financial institutions and businesses to develop point-of-sales hardware and customer experience software. Its software, used by companies like Adidas and Church’s Chicken, is designed to help companies facilitate commerce.
Mastercard is one of the largest credit and debit card distributors and payment processors. The company partners with various banks and issues co-branded cards, which customers can use for daily purchases. In Pune, the company recruits for a wide range of roles including analysts, software engineers and product managers.
Digital payments are becoming the norm in India, and PhiCommerce is helping businesses adapt to this shift. The company develops omnichannel payment solutions that enable businesses to process doorstep, subscription and B2B payments.
Fintech startup OneCard is changing India’s credit card industry through its physical and digital features. The physical cards are co-branded with different national banks and constructed using metal instead of plastic. Additionally, they feature rewards on purchases, integrated buy-now-pay-later and family sharing capabilities.
TransUnion is one of the three main credit bureaus in the United States. The company collects data from multiple sources to provide individuals and financial institutions with accurate credit scores and risk assessments. In India, the company offers credit assessments, fraud detection services and financial management, among other services, with offices throughout the country.
Finansh is a mortgage platform that uses AI and human experts to help customers find home loans. Through the platform, users can interact with FinBo, the company’s AI chatbot, and get matched with loan quotes from qualified lenders. Afterward, they connect with a real estate expert to complete the application process. According to Finansh, applying for a mortgage on its platform takes three minutes, from start to finish.
PhonePe launched in 2015 as a lending app, but after two successful years, the company launched a trading platform. The mobile-native platform helps users invest in mutual funds and grow their wealth. PhonePe has over 550 million users.
With over 40 million customers, HSBC is one of the largest banks in the world and a popular institution throughout India. It provides personal, retail and investment banking solutions to various customer groups and offers insurance products in partnership with Canara Bank.
