Revolutionizing India’s Credit Card Industry: Noteworthy Indian Startups to Watch

The Indian startup ecosystem, despite the obstacles of 2020, has come out strong, with numerous startups pioneering innovative products and solutions. One industry that has witnessed significant growth in this period is the credit card industry. Featuring revolutionary ideas and business models, these startups aim to redefine India’s financial landscape, many with a focus on empowering the unbanked and digitally underserved. Here are some of the most promising Indian startups launched in 2020 or later in the credit card industry.

By leveraging technology, these companies are offering innovative services ranging from credit cards to mobile payments and financial services. They aim to redefine the traditional banking system by making credit and financial services easily accessible to a wider audience. This article covers the key aspects of these startups including their mission, founders, and the value proposition that they offer to their customers.

The following list includes startups focusing on credit card issuance, mobile payments, financial services, and much more. These startups are based in various locations across India, which indicates the overall development of the fintech sector throughout the country.

Teen Patti

Founded by Dr Navneet Gupta and headquartered in Noida, Uttar Pradesh, Teen Patti is on a mission to deliver financial freedom to kids in a safe, secure, yet controlled manner. It operates in the credit cards, debit cards, mobile payments, and payments industry. Connect with Teen Patti on LinkedIn or Facebook.

Junio

Based in Delhi and founded by Ankit Gera and Shankar Nath, Junio is operating in the financial services industry with a focus on credit and credit cards. Reach out to Junio on LinkedIn or follow them on Facebook and Twitter.

Indepay

Located in New Delhi, Indepay is a Fintech startup offering services in the credit card, fintech, and payment sector. Founded by Rajib Saha, Indepay aims to bring revolution in the FinTech industry. Connect with Indepay on LinkedIn, Facebook, or Twitter.

Neowise Money

Neowise Money is a fintech startup based in Mumbai, Maharashtra, founded by Rohit Ramachandran and Siddarth Padmanabhan. The company aims to empower their customers with a range of tools to make them financially independent. They offer a monthly credit limit at a much lower interest rate and are transparent about these details from the start. Connect with Neowise Money on LinkedIn, Facebook, or Twitter.

Ecofin

Operational in Hyderabad, Andhra Pradesh, Ecofin provides financial services including credit system services like credit facility, fund disposal, repayments, loan, and transaction services. To connect to Ecofin, visit their LinkedIn, Facebook, or Twitter page.

CashYear ®

Headquartered in Lucknow, Uttar Pradesh, CashYear ® focuses on creating a hassle-free credit revolution. Founded by VSH Singh, CashYear® sits at the intersection of FinTech, Lending, and Financial Services. Get in touch through their LinkedIn or Twitter.

Uni Cards

Based in Bengaluru, Karnataka, Uni Cards, co-founded by Laximikant Vyas, Nitin Gupta, Prateek Jindal, offers a smart way of acquiring a visa card within minutes and pays flexibly over three months for no extra costs. Uni Cards can be followed on LinkedIn, Facebook and Twitter.

Freo Pay

Located in Whitefield, Karnataka, Freo Pay offers solutions in credit, credit cards, internet, mobile apps, mobile payments, payments, and transaction processing. Stay updated about Freo Pay by visiting their Facebook page or by following them on Twitter.

FinClick

Founded by Dhruv Williams and headquartered in Mumbai, Maharashtra, FinClick serves as a one-stop complete financial marketplace. They deal with various financial products including retail and corporate finance. Connect with FinClick on LinkedIn.

Credwise

Located in Bangalore, Karnataka, Credwise was founded by Archit Sharma and Dheeraj Kumar. The startup aims to democratize the usage of credit in India. Reach out to Credwise on LinkedIn, Facebook, or Twitter.

AmSun

AmSun, headquartered in Bhagalpur, Bihar is revolutionizing healthcare. Founded by Aman Gupta, the company also deals with loan provision. Get in touch with AmSun on LinkedIn, Facebook, or Twitter.

These startups represent an exciting mix of innovation and potential in the Credit Card Industry of India. They showcase the power and dynamism of the Indian entrepreneurial ecosystem. As they grow and mature, we can look forward to seeing how they influence and shape the industry in the years to come.