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Fintech Startups in Pune You Should Know About (2026 Edition)

Kathir • 7 min read

Pune's fintech identity gets overshadowed by its SaaS reputation. Druva, Icertis, and Mindtickle dominate the conversation about what Pune builds, and for good reason. But underneath that layer sits a genuinely substantial fintech ecosystem, one credit card unicorn, a profitable digital lender backed by the World Bank's private-sector arm, and a cluster of companies solving credit access for people traditional banking has historically ignored: rural households, first-time homebuyers, two-wheeler buyers, and small businesses waiting on unpaid invoices.

This post covers ten Pune fintech companies across three layers: two anchor companies with unicorn or near-unicorn scale, four high-growth companies solving underserved credit problems, three vertical SaaS and payments infrastructure companies, and one legacy financial services giant for scale and context.

The Anchors

OneCard (FPL Technologies) (Founded 2019)

OneCard built India's first mobile-first metal credit card, replacing the physical banking relationship with an app-based experience covering issuance, rewards, spend tracking, and family card management. Founded by Anurag Sinha, Rupesh Kumar, and Vibhav Hathi, the company reached unicorn status in 2022 and was valued at over $1.4 billion following a Series D round led by Temasek. It has raised $225 million+ in total funding from investors including Temasek, QED Investors, Sequoia Capital India, and Hummingbird Ventures. FPL Technologies also operates OneScore, a credit score tracking app, and generated over ₹1,000 crore in revenue for the year ending March 2025.

Why it qualifies: $1.4 billion unicorn valuation, ₹1,000+ crore in annual revenue, and a genuine product redesign of what a credit card experience looks like, built and headquartered in Pune.

Roles they hire for: Software engineers, backend engineers, data scientists, ML engineers, risk and credit engineers, product managers, QA engineers.

Fibe (formerly EarlySalary, Founded 2015)

Fibe operates a digital lending platform offering personal loans, salary advances, healthcare and education financing, and loans against mutual funds, aimed at India's salaried middle-income segment. Founded by Akshay Mehrotra and Ashish Goyal, the company has raised over $293 million in total funding, including a $35 million Series F round from the International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, confirmed by Business Standard. Fibe has facilitated more than 9 million loans to date and, unlike much of the digital lending sector, is genuinely profitable: net profit nearly doubled to ₹101 crore in FY25, up 82.8% from ₹55 crore in FY24, while revenue grew 45.8% to over ₹1,033 crore.

Why it qualifies: A rare digital lender that is both well-funded and profitable at scale, with IFC's backing signalling institutional confidence in its underwriting model during a period when the broader digital lending sector faced rising defaults.

Roles they hire for: Software engineers, backend engineers, data scientists, risk and credit analysts, ML engineers, product managers, QA engineers.

Emerging: High-Growth Lending

SarvaGram (Founded 2018)

SarvaGram builds credit and financial services for rural and semi-urban households, an underwriting segment most fintech lenders avoid because of thin credit history data. Founded by Utpal Isser and Sameer Mishra, the company uses a household-centric underwriting model, evaluating entire family units rather than individual income alone, combined with a physical franchisee network layered on top of its digital platform. SarvaGram has raised approximately $116 million across four rounds, including a ₹565 crore Series D led by Peak XV Partners with participation from Temasek, Elevation Capital, Elevar Equity, and TVS Capital, confirmed by Entrackr and YourStory. Revenue grew 2.3x year-on-year to ₹170 crore in FY24, while the company narrowed its losses by roughly 30%.

Why it qualifies: $116 million raised from tier-one investors for a genuinely underserved credit segment, with a differentiated underwriting model and a clear trajectory toward profitability.

Roles they hire for: Software engineers, backend engineers, data scientists, credit risk analysts, product managers, field operations, QA engineers.

Bike Bazaar (Founded 2017)

Bike Bazaar provides financing and a marketplace for new, used, and electric two-wheelers, targeting rural and semi-urban buyers, roughly 70% of its customers are first-time borrowers outside major cities. Founded by Srinivas Kantheti, the company has raised over $109 million from investors including Women's World Banking Asset Management, DEG (KfW's investment arm), Elevar Equity, and Faering Capital, confirmed by YourStory and Inc42. It has disbursed over 300,000 two-wheeler loans and has increasingly focused on financing electric two-wheelers, partnering with EV makers including Montra Electric and TI Clean Mobility.

Why it qualifies: A financing model built specifically around rural mobility and EV adoption, two segments with real growth tailwinds in India, backed by development finance institutions with a track record in financial inclusion.

Roles they hire for: Software engineers, backend engineers, data analysts, credit underwriters, product managers, field operations, QA engineers.

Vayana (Founded 2017)

Vayana operates India's largest third-party trade finance platform, connecting small businesses and corporates with banks and financial institutions for working capital financing against unpaid invoices. Founded by Ram Iyer, the company has raised approximately $92 million from investors including SMBC Asia Rising Fund, the International Finance Corporation, PayU, Chiratae Ventures, and Jungle Ventures, confirmed by Inc42, at a valuation of around $240 million. Vayana has facilitated over $10 billion in trade financing to more than 150,000 small businesses, and received an NBFC licence from the RBI in March 2025, a significant regulatory milestone that lets it lend more directly rather than purely as an intermediary.

Why it qualifies: The largest and most established trade finance platform to come out of Pune, with $10 billion in facilitated financing and a fresh NBFC licence that expands what it can do next.

Roles they hire for: Software engineers, backend engineers, data engineers, credit and risk analysts, compliance specialists, product managers, QA engineers.

Altum Credo (Founded 2016)

Altum Credo is a housing finance company focused on first-time homebuyers in economically weaker and low-income segments, often self-employed or informally employed borrowers overlooked by mainstream lenders. Founded by Vikrant Bhagwat, Ganesh Rao, and Ashish Tewari, the company has raised roughly $68 million across four rounds, including a ₹170 crore round from British International Investment (the UK government's development finance institution) in August 2025, confirmed by Inc42 and Business Standard. Altum Credo has served over 15,000 customers across six states, manages assets under management exceeding ₹1,000 crore, and is profitable: net profit more than doubled to ₹20 crore in FY24 on a 67% jump in operating revenue.

Why it qualifies: A profitable, technology-driven housing lender solving genuine credit access gaps for first-time homeowners, with backing from a development finance institution rather than pure venture capital.

Roles they hire for: Software engineers, backend engineers, credit underwriters, data analysts, product managers, field operations, QA engineers.

Vertical SaaS and Payments Infrastructure

These three companies sit at the intersection of SaaS and fintech, building the payments and lending infrastructure other businesses run on. For a deeper look at Pune's broader SaaS ecosystem, see our post on SaaS companies in Pune.

Easebuzz (Founded 2014)

Easebuzz builds vertical SaaS embedded with payments infrastructure for education, real estate, government, BFSI, and travel businesses, handling the full payment workflow from invoicing to reconciliation. The platform processes over $30 billion in GTV for more than 3 lakh merchants including Zepto, BigBasket, and IRCTC. Easebuzz raised $30 million in a Series A led by Bessemer Venture Partners in April 2025 and grew revenue 2.3x in FY25 while turning profitable, per Entrackr.

Roles they hire for: Software engineers, backend engineers, payments engineers, product managers, QA engineers.

Phi Commerce (Founded 2015)

Phi Commerce builds PayPhi, an API-first payment processing platform for banks and financial institutions, operating one level upstream from most merchant-facing payment gateways. The company posted ₹81 crore in FY24 revenue, received RBI Payment Aggregator licence approval in January 2025, and has raised over $20 million, confirmed by the company's own press release.

Roles they hire for: Software engineers, API engineers, backend engineers, payments infrastructure engineers, QA engineers.

Lentra (Founded 2018)

Lentra is a cloud-based digital lending SaaS platform helping banks and NBFCs build and deploy loan products without building the underlying technology themselves, covering KYC, credit assessment, origination, and collections. The platform processes over $20 billion in loan applications monthly for more than 50 financial institutions. Lentra has raised approximately $104 million, including a Bessemer Venture Partners-led Series A and a $27 million Series B extension with Citi Ventures and MUFG Bank, confirmed by TechCrunch.

Roles they hire for: Software engineers, backend engineers, ML engineers, platform engineers, product managers, QA engineers.

Legacy Scale

Bajaj Finserv

Bajaj Finserv is not a startup, it was founded in 2007 as the financial services arm of the Bajaj Group, but it is worth noting for scale and context. Headquartered in Pune, it is one of India's largest financial services conglomerates, spanning lending, insurance, wealth management, and payments, and has increasingly invested in fintech startups directly, including stakes in companies like MobiKwik. For candidates who want financial services exposure at large-company scale rather than startup pace, it remains Pune's biggest employer in the space.

Frequently Asked Questions

What are the top fintech startups in Pune? Pune's most significant fintech companies include OneCard (FPL Technologies), a unicorn credit card platform valued at over $1.4 billion, and Fibe (formerly EarlySalary), a profitable digital lender backed by the IFC. Among high-growth companies, SarvaGram (rural lending), Bike Bazaar (two-wheeler financing), Vayana (trade finance), and Altum Credo (housing finance) are all well-funded and solving distinct credit access problems.

Is Pune a good city for fintech jobs? Yes. Pune has a genuine fintech cluster beyond its SaaS reputation, spanning consumer lending, rural finance, trade finance, and payments infrastructure. Companies range from unicorn-scale (OneCard) to well-funded emerging lenders (SarvaGram, Vayana, Altum Credo) to profitable vertical SaaS platforms (Easebuzz, Lentra).

Which Pune fintech company has raised the most funding? OneCard (FPL Technologies) has raised the most among Pune-native fintech companies, with $225 million+ raised and a valuation exceeding $1.4 billion. Fibe follows with $293 million+ raised across its lending history.

Are there fintech companies in Pune focused on financial inclusion? Yes. SarvaGram focuses specifically on rural and semi-urban households, Altum Credo focuses on first-time homebuyers in low-income segments, and Bike Bazaar focuses on rural two-wheeler financing. All three are backed by development finance institutions alongside venture investors.

What is the difference between Pune's fintech companies and its SaaS companies? Companies like Easebuzz, Phi Commerce, and Lentra sit at the intersection of both: they build SaaS platforms specifically for payments and lending use cases. Pure fintech companies like OneCard, Fibe, SarvaGram, Vayana, and Altum Credo are themselves regulated lenders or payment providers, not software vendors selling to lenders.

Where to Find Roles at These Companies

Published: August 2026 | blog.huntyourtribe.com

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Disclaimer: Company details, funding figures, and revenue data are sourced from publicly available press coverage, company announcements, and investor reports including YourStory, Inc42, TechCrunch, Entrackr, and Business Standard. Where figures vary across sources, we have used the most consistently press-verified number. Hunt Your Tribe is not the employer for any listed role and is not responsible for the hiring process or outcome. Please verify directly with the company before applying.