Fintech companies are financial services companies that use technology, especially Artificial Intelligence, to reach out to consumers who need financial support, even enabling the Start-up India vision. also for. Today, it is no surprise that we can get instant loans, make payments smoothly as accounts are linked and enable easy access through digitization. While net banking laid its foundation, fintech has really grown by leaps and bounds over the years and has cut back on visits to traditional banks. Here are some famous fintechs that have changed the way money is transacted, and made payment solutions truly seamless.
razorpay
It enables payment of invoices, simplifies transactions, and enables the user to avail instant loans at one place. With access to various payment modes like Airtel Money, Ola Money, MobiKwik, Credit Card, Debit Card, Net Banking and UPI, it is the most easily accessible form of instant payment solution. It is a safe and secure payment gateway for online businesses, where transactions can take place from consumer to business owner, employees as well as vendors. It lays a solid and secure foundation for a successful online business, as it is often the first step in starting an e-enterprise.
Paycorp.io
This payment solution provider is one of the most unique options as it streamlines and facilitates the entire cycle of recurring payments, which can be auto-debited weekly, bi-monthly, monthly, quarterly and even yearly. Is. Payments are processed on the same day, and the guaranteed B2B recurring auto-debit solution has a much higher success rate than traditional payment methods. It also enables timely payment which means no late fee will be levied. Offering a variety of payment options like ACH, UPI, cards and multiple digital forms like WhatsApp, Link Push as well as directly through the portal, it ensures timely payments without the need for human intervention. It has direct links with six banks, which makes payment processing faster.
cognext
Working on a subscription-based model, this recent start-up generates revenue by charging annual fees from banks, neo banks, digital lenders and all types of financial or non-banking finance companies. Powered by NLP, Deep Learning and Predictive Analytics, it manages and scales the credit business. It is not only popular in India but has a strong presence in countries like North America, Middle East and Africa.
lendingkart
It is a go-to for SMEs and entrepreneurs with small businesses who don’t want to waste time availing traditional loans. It cuts down on paperwork by evaluating creditworthiness with the help of technology. Lendingkart is a non-deposit taking NBFC. Based on the data points analyzed through AI, it enables the borrower to take a loan based on their history and promptness in payment. It is perfect for getting easily accessible working capital finance without leaving the hassle.
mswipe
Mswipe is aimed at small and medium enterprises, and provides quick and easy finance options for them. Helping small sellers, be it a retail shop owner, or vegetable vendor or paper maker, is a respected name for stress free loans. It provides seamless mobile POS solutions to entrepreneurs across the country, as the digital medium makes it truly possible.