Fintech Startups To Watch: Startups That Caught Our Eye In June
The month of June kept the Indian fintech sector busy on multiple fronts. The headline move came from CRED raising ₹8,550 Cr ($900 Mn) in a Series H round led by Meta, valuing the company at $4.5 Bn post-money.
In what can be defined as the watershed moment for the country’s fintech ecosystem, Kunal Shah, the founder of CRED, is now the global head of WhatsApp at Meta. Meanwhile, Razorpay, which confidentially filed its draft IPO papers with SEBI is targeting a fundraise of ₹5,000-6,000 Cr.
On the funding side, Sachin Bansal’s Navi entered talks to raise $250-300 Mn to shore up its lending book and prepare for its listing.
On the IPO front, insurtech platform Turtlemint closed its ₹882.67 Cr public issue with 1.2X oversubscription, becoming one of the few fintech companies to hit the markets, even as investor sentiment remained cautious, with the issue seeing modest subscription.
On the regulatory front, payment platforms are still calibrating compliance stacks around the proposed one-hour cooling-off window for UPI and IMPS transfers above ₹10,000 to curb digital fraud as digital transactions continue to rise.
Separately, IRDAI proposed tighter disclosure norms for insurance intermediaries, requiring greater transparency around commission structures, a move that puts distribution-heavy insurtechs and broking platforms on notice. Meanwhile, the RBI is advancing two distinct ‘kill switch’ initiatives to protect the Indian financial ecosystem.
Against this backdrop, we are back with the third edition of “Five Fintech Startups To Watch”. This edition of Inc42’s monthly series spotlights startups operating in some of the most promising and fast-evolving segments of India’s fintech ecosystem.
With that said, here are the fintech startups that caught our attention in June.
Editor’s Note: The list below is not a ranking of any kind. Startups have been listed alphabetically.
Blostem | Providing Digital Distribution Infra To NBFCs
Most fintech apps in India want to offer fixed deposits (FDs), but doing so means integrating with each bank individually, which takes months per partner. As a result, most platforms either skip FDs entirely or offer a single-bank option that leaves yield on the table for users.
Delhi-based Blostem is solving this with a single API. Founded in 2021 by Sandeep Garg, Ravi Jain, Uday Sharma and Pankaj Pratap Singh, Blostem is a B2B banking infrastructure platform that gives brokers, fintech apps, payment companies and wealthtech platforms a plug-and-play layer to launch FDs, FD-backed credit cards and credit on UPI, without building separate integrations with each bank.
Partners integrate once and gain access to Blostem’s network of 10 banks and NBFCs, including Suryoday SFB, Unity SFB, Bajaj Finance, Shriram Finance and Mahindra Finance.
The fintech startup earns through platform fees and transaction spreads and has already onboarded platforms like MobiKwik, Jupiter Money, Upstox, Aditya Birla Capital Digital and GoldenPi. The startup raised a pre-series A round led by Zerodha’s investment arm Rainmatter. It had previously raised ₹4 Cr in a seed round led by AC Ventures.
Operating in India’s banking-as-a-service market, projected to grow from $1.14 Bn in 2022 to $4.43 Bn by 2030, Blostem is targeting 40% of India’s digital FD volumes over the next few years through its partner ecosystem.
Finanjo | Understanding Your Spending Behaviour
Most personal finance apps in India show you what you spent. Very few tell you what to do next. The result is a category of apps that users open once, feel briefly guilty about, and promptly forget.
Jaipur-based Finanjo is taking a different approach. Founded in 2025 by Prithviraj Singh Chauhan and Pankaj Singh Chauhan, Finanjo is a behaviour-first personal finance platform for young Indian users.
It gives users a consolidated view of their savings, spending, investments and liabilities, and layers AI on top to deliver personalised guidance on budgeting, FDs, and mutual fund investments.
The platform’s core is an AI-powered personal finance assistant, Jo, which translates a user’s behavioural signals into actionable recommendations. The premise is that most first-time earners don’t need more data. They need someone to tell them what to do with it.
Since its beta launch, Finanjo has onboarded over 5,000 users, with approximately 500 daily active users and more than ₹25 Cr in connected savings.
It has begun generating early revenue through referral commissions on FDs and mutual fund recommendations. The fintech operates in India’s personal finance software market, projected to cross $65.3 Mn by 2034.
Finfinity | Building The Financial Backbone of India
India has over 100 licensed banks, hundreds of NBFCs, and more credit products than most borrowers can meaningfully compare.
Yet when a salaried professional or small business owner applies for a loan, they almost always start and end with the first institution they know, usually their salary bank, rarely knowing whether they’re getting the best rate. Mumbai-based Finfinity is building a buyer-centric digital lending marketplace to fix this.
Founded in 2023, the platform lets borrowers compare loan options across multiple lenders in real time, with personalised recommendations driven by deep tech integrations that enable live data exchange and faster credit decisions.
Unlike traditional loan aggregators that earn commissions by pushing users toward specific lenders, Finfinity positions itself on the borrower’s side, offering better rates, more transparency, and smarter matching.
The startup operates across home loans, personal loans, auto loans, education loans and loans against property, and enjoys partnerships with big financial institutions such as YES Bank, IDFC First Bank, AU Small Finance Bank, Muthoot Finance and InCred.
Finfinity raised $2.4 Mn in a seed round led by the Mankind Pharma promoter’s family office, with participation from Vi-John Group and several family offices and angel investors.
In India’s digital lending market, projected to cross $133 Bn in revenue by 2030, the startup is targeting 1 Cr users over the next 18-24 months.
Otto Money | Simplifying Wealth Management Through AI-Driven Insights
India now has over 10 Cr mutual fund folios, millions of equity investors and a rapidly expanding SIP culture. But most retail investors still navigate financial decisions without coherent, unbiased guidance. Wealth platforms, by design, earn from distribution, which means their recommendations are rarely truly neutral.
Bengaluru-based Otto Money is trying to fix this by building a pure-play AI wealth guidance platform that doesn’t distribute any financial products.
Founded in 2025, Otto Money uses institution-grade investment models and AI to give retail investors multi-asset portfolio guidance that explains trade-offs, highlights risks and aligns decisions with long-term goals.
Otto targets digitally active investors in tier 1 cities, who are tired of fragmented, product-pushed financial advice and want the kind of analytical clarity that has historically only been available inside large wealth management firms.
The startup raised $1.3 Mn in a pre-seed round led by Pravega Ventures, with angel participation. Indian wealthtech startups raised over $634 Mn across 51 deals between 2024 and 2025, and the segment continues to attract capital as retail investor sophistication grows.
FatakPay | Building A Financial Wellness Super App
India has over 450 Mn people with limited or no access to formal credit. Most of them aren’t bad borrowers, but simply invisible to traditional underwriting systems built around salaried income, tax filings and established credit histories.
Sometimes, for a gig worker in Kanpur or a blue-collar employee in Nagpur, getting a ₹10,000 emergency loan is not an option.Founded by four cofounders — Amit Lodha, Amit Goyal, Ajit Kumar and Abhishek Gandhi, Mumbai-based FatakPay is now trying to bridge the gap between those who deserve access to credit and those who actually receive it.
The platform offers instant, collateral-free personal loans of up to ₹5 Lakh, with AI-driven underwriting, free CIBIL monitoring, micro-investment options, and lifestyle rewards, positioning itself less as a lender and more as a full-stack financial wellness app for Bharat.
Since its inception, FatakPay claims to have disbursed over ₹2,500 Cr, onboarded more than 2 Cr users, and built a partner network of over 150 enterprises.
Its latest product, FatakUdaan, reflects where the startup is going next. Targeted at first-time borrowers, gig workers and blue-collar workers in tier II and tier III cities, FatakUdaan gives users access to their credit bureau report and a structured programme to build or repair their credit profile.
FatakPay has also launched an IRDAI-licensed insurance platform, FatakSecure, targeting underserved populations, extending its ambition beyond lending into a broader financial services stack for the same demographic.
Edited by Shishir Parasher
The post Fintech Startups To Watch: Startups That Caught Our Eye In June appeared first on Inc42 Media.
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