Banking Startups That Raised Funding in India

Punjab National Bank

Location: Mumbai, India

Website: pnbindia.in

Funding: raise $35

Date: 18 days ago

Punjab National Bank is a leading Indian public sector commercial bank offering a wide range of retail, corporate, and treasury banking services; it leverages initiatives like foreign currency deposit schemes to attract dollar inflows and bolster the rupee.

State Bank of India

Location: Mumbai, India

Website: sbi.co.in

Funding: raises $1 billion

Date: 141 days ago

State Bank of India is India’s largest public sector bank, offering comprehensive retail, corporate, and institutional banking services across an extensive branch and digital network to drive financial inclusion and economic growth.

Namdev Finvest

Location: Jaipur, India

Funding: raises $37 m

Date: 158 days ago

Namdev Finvest is a Jaipur-based non-banking financial company providing lending solutions to underserved and rural segments in India, leveraging debt capital from domestic and international investors to expand its portfolio.

Namdev Finvest Private Limited

Location: Jaipur, India

Funding: raises $37m

Date: 158 days ago

Namdev Finvest Private Limited is a Jaipur-headquartered NBFC that provides MSME loans in rural and semi-urban India, with a special focus on women-led and early-stage businesses.

Export-Import Bank of India

Location: Mumbai, India

Website: eximbankindia.in

Funding: raises $1 billion

Date: 171 days ago

Export-Import Bank of India is a government-owned export credit agency that provides trade finance, project funding, and credit guarantees to support Indian exporters and facilitate international trade and capital goods imports.

Exim Bank

Location: India

Website: eximbankindia.in

Funding: raise $1 billion

Date: 171 days ago

Export-Import Bank of India (Exim Bank) is a government-owned financial institution that provides export credit, trade financing, and risk mitigation services to support and promote India's international trade.

Knight Fintech

Location: Mumbai, India

Funding: raises $23.6m

Date: 175 days ago

Knight Fintech is a Mumbai-headquartered fintech startup delivering API-driven banking infrastructure solutions to financial institutions and fintech companies, enabling them to launch and scale banking products efficiently.

Piramal Finance

Location: India

Website: piramalfinance.com

Funding: raise $1.67 bn

Date: 207 days ago

Piramal Finance is an Indian non-banking financial services company providing debt financing solutions to corporate and retail clients, raising capital through bank loans, bond issuances, and other funding instruments.

Jupiter Money

Location: Bengaluru, India

Website: jupiter.money

Funding: raises $13 m

Date: 239 days ago

Jupiter Money is a Bengaluru-based neobanking startup that offers a mobile-first banking platform. It provides users with personalized financial insights, automated savings and budgeting tools, and fee-free transactions to help them manage and grow their finances seamlessly.

Berar Finance

Location: Nagpur, India

Funding: raises $17 m

Date: 247 days ago

Berar Finance is a Nagpur-headquartered non-banking finance company offering loans and credit solutions to Indian businesses and individuals, and recently secured ₹150 crore in growth equity funding.

TransBnk

Location: Bengaluru, India

Funding: raises $25m

Date: 302 days ago

TransBnk is a Bengaluru-based banking infrastructure platform that enables businesses to embed and manage banking services. It offers a suite of APIs and tools for payments, compliance, and core banking functionality.

TransBnk

Location: Mumbai, India

Website: transbnk.co.in

Funding: raises $25M

Date: 302 days ago

TransBnk is a Mumbai-based fintech startup that provides a digital platform to streamline and automate corporate banking operations, eliminating paper-based processes and spreadsheet-heavy workflows. The company aims to modernize corporate finance infrastructure in India by bridging the gap between advanced consumer fintech and traditional corporate banking.

CredRight

Location: Hyderabad, India

Funding: raises $10 m

Date: 305 days ago

CredRight is a Hyderabad-based non-banking financial company (NBFC) that leverages technology to provide loans to underserved individuals and small businesses in smaller towns across India, aiming to expand its loan book and drive financial inclusion.

SBI

Location: India

Website: sbi.co.in

Funding: raise $3 billion

Date: 401 days ago

State Bank of India (SBI) is the country's largest public sector bank, offering a comprehensive range of banking and financial services to individuals, businesses, and government entities across India and internationally.

SBI

Location: New Delhi, India

Website: sbi.co.in

Funding: Raise Up To $3 Billion

Date: 402 days ago

SBI (State Bank of India) is the country's largest public sector bank, providing a comprehensive range of banking and financial services to individuals, businesses, and government entities across India.

State Bank of India

Location: India

Funding: raise up to $3 billion

Date: 402 days ago

State Bank of India is the country's largest public sector bank, providing a comprehensive range of banking and financial services to individuals, businesses, and government entities across India and abroad.

Metafin

Location: India

Website: metafin.in

Funding: raises $10 m

Date: 424 days ago

Metafin is an Indian non-banking financial company specializing in solar loans for rural and semi-urban customers, providing technology-driven financing solutions to accelerate the adoption of solar energy.