Originally conceptualised by Signzy, the inaugural edition of FPL delivered strong community engagement by bringing fintech professionals together beyond formal business settings and onto the cricket field. Notably, 32 fintech companies participated in the first edition, including Razorpay, PayU, CRED, PhonePe, Zerodha, and Paisabazaar.

Furthermore, the tournament featured over 86 matches and saw participation from more than 100 CXOs and senior leaders. As a result, Zerodha emerged as the national winner, marking a significant milestone for the fintech community.

“The first edition of FPL showed us something we always believed: that the fintech ecosystem is more than a professional community; it is a family. When you have 32 companies, 100+ senior leaders, and 86 matches — and the energy only gets better with every game — you know you’ve built something real. Bringing SPF on board as a partner for the 2nd edition is a tremendous boost. SPF’s reach, its convening power, and its deep relationships across the ecosystem mean that FPL can now truly become an industry-wide initiative. We couldn’t think of a better partner to help us take FPL to the next level,” Arpit Ratan, Co-founder, Signzy said.

Meanwhile, Shweta Rajpal Kohli, Founder & CEO, Startup Policy Forum emphasised the alignment between SPF’s mission and the initiative. “SPF exists to bring India’s startup community closer across policy, partnerships, and community. Ecosystems are built in the moments of connection between people building together. The Fintech Premier League embodies that spirit perfectly. Nothing creates bonds quite like the game of cricket does. Partnering with FPL for its second edition is a natural fit given our mission of community building. We want to make it bigger, bolder, and more inclusive. A true celebration of making the ecosystem stronger.”

Additionally, the announcement took place on the sidelines of the Fintech Baithak, SPF’s closed-door engagement platform that brings together fintech founders and senior government stakeholders to drive meaningful policy discussions.

The SPF–FPL partnership highlights the growing importance of community-driven initiatives within India’s fintech ecosystem. By combining industry participation with cultural engagement, the collaboration aims to scale FPL into a larger, more inclusive platform that strengthens relationships and fosters deeper collaboration across the sector.

With this latest infusion, KreditBee’s total funding has reached approximately $540 million. Notably, this funding round stands as the second-largest deal of 2026, following Neysa, which raised $1.2 billion earlier this year.

Importantly, the round includes $80 million in secondary transactions. The company plans to utilize the fresh capital to scale its credit business, particularly focusing on newer verticals such as secured lending and MSME financing.

“Our risk management has been very stable even during big events like COVID or the down cycles like the MFI (Micro Finance Institutions) crisis in 2024. That is what got rewarded, and we got good interest from investors, almost 3x the demand,” co-founder and CEO Madhusudan E said on April 7.

Founded in 2018 by Madhusudan E, Vivek Veda, and Karthikeyan Krishnaswamy, the company had earlier raised $145 million and $100 million in 2021 and 2023, respectively.

Financially, KreditBee reported a revenue of Rs 2,700 crore and a net profit of Rs 473 crore in FY25, highlighting its strong growth trajectory. Meanwhile, the fintech is currently merging its technology entity with its non-banking financial company (NBFC) arm as it prepares for an initial public offering (IPO) within the current financial year.

“This is the last private round before the IPO. The listing was always for us a function of the merger process, which we are doing now. We expect to complete the process in the next couple of months,” Madhusudan said.

Operationally, the company has facilitated more than 60 million loans and reported assets under management (AUM) of around Rs 15,000 crore in FY26. This reflects a growth of 43–44 percent compared to Rs 10,100 crore AUM recorded in FY25.

Over the past few years, KreditBee has significantly diversified its portfolio. It has expanded into secured lending, including loans against property, two-wheeler financing, and MSME loans. As a result, its secured lending AUM has already reached Rs 1,000 crore, while MSME lending stands at Rs 500 crore.

In terms of customer behavior, KreditBee’s average loan ticket size is around Rs 60,000, whereas first-time borrowers typically begin with loans of Rs 20,000. Furthermore, the platform receives nearly 70,000 new loan applications daily, although it approves only about 10 percent of them. Alongside lending, the company also offers value-added services such as credit report solutions and UPI-based products.

Additionally, KreditBee has built strong traction not only in metropolitan cities but also across Tier-2 and Tier-3 markets, underscoring the rising adoption of digital lending solutions across India.

KreditBee’s latest funding round reinforces investor confidence in India’s digital lending ecosystem. As the company moves closer to its IPO and continues expanding into secured and MSME lending, it is well-positioned to capture a larger share of the rapidly evolving fintech market.

With this fresh capital, Uncia plans to accelerate its growth across India. At the same time, the company will fund its expansion into international markets, including the Middle East, North Africa (MENA), and North America. Furthermore, Uncia has revealed its intention to pursue a public listing in the coming years. Consequently, the company positions this funding round as the first step in a long-term journey toward becoming a globally scaled and publicly accountable lending technology institution.

“We made a deliberate choice to build before we rose. Every rupee we invested came from the conviction that if we solved the right problem well enough, the market would validate it. Today, we manage over 2 lakh crore rupees cumulatively for some of India’s top NBFCs, and we believe we’ve proven our thesis. This funding is not a beginning but a gear shift. We have the product. We have validation at scale and diversity. Now we have the capital to take this to the world. We’re pleased to partner with Pavestone. Their investment values align closely with our mission, and we look forward to drawing on the strategic insight of their leadership team,” said Hari Padmanabhan, Chairman, Uncia.

In contrast to the broader fintech landscape, often driven by aggressive funding and rapid scaling, Uncia has adopted a disciplined, product-first approach. Instead of relying on early-stage capital, the company prioritized precision in product development and market fit. As a result, it has built an AI-native platform suite that powers loan origination, loan management, and supply chain finance operations for several leading financial institutions in India.

Moreover, Uncia has designed its platforms around what it calls ‘self-serve lending infrastructure.’ This approach enables financial institutions to independently configure, launch, and manage complex lending products without relying on IT dependencies, change requests, or prolonged implementation cycles. Over the past two years, the company has also invested heavily in AI research in collaboration with IIT Madras at the IITM Technology Research Park. Consequently, these AI models are already delivering tangible benefits to early adopters, including cost efficiencies and improved underwriting outcomes.

“At Pavestone, we focus on backing businesses that are solving structural problems in large enterprises, with a clear path to scale and profitability. The lending ecosystem is expanding rapidly, yet much of the underlying technology remains constrained by legacy systems that cannot support the speed, flexibility, and intelligence lenders now require. Uncia has built a unified, cloud-first platform with embedded AI capabilities that addresses these challenges while enabling rapid deployment and ‘pay-as-you-grow’ scalability. We believe the company is well-positioned to deliver durable value,” said Srikanth Tanikella, Managing Partner, Pavestone Capital.

Uncia’s first funding round not only validates its product-first philosophy but also sets the stage for accelerated domestic and global expansion. By combining proven scale, AI-driven innovation, and a clear roadmap toward public listing, the company is positioning itself as a formidable player in the global lending technology ecosystem.

Furthermore, the initiative reflects a broader transformation in the payments industry toward agentic commerce, where AI systems actively perform financial and operational tasks on behalf of businesses. As a result, payment companies are increasingly exploring ways to allow customers to complete transactions directly through AI assistants and conversational interfaces.

Several players across the payments ecosystem are also moving in this direction. Payment aggregators such as Cashfree and global card networks Visa and Mastercard, as well as merchant processors including PayU and Pine Labs, are working with advanced AI platforms such as ChatGPT and Claude to enable similar capabilities.

Razorpay integrated these AI agents through Anthropic’s Claude agent software development kit, enabling businesses to deploy intelligent systems that interact directly with customers. For example, the AI agents help merchants recover lost sales by contacting shoppers who abandon their online carts. The agents can send a message or voice notification to ask why the purchase remained incomplete and then offer reminders or small incentives to encourage customers to finish the transaction.

In addition, the fintech company has launched an agentic experience platform, which introduces an AI-native layer designed to simplify the way online businesses onboard to Razorpay, integrate payment infrastructure into their applications, and manage payment workflows more efficiently.

“Businesses don’t just need more software anymore, they need intelligence that can act,” Harshil Mathur, chief executive of Razorpay, said in the statement.

Moreover, the company stated that businesses can use these tools to create their own customized AI agents through simple language-based commands. These agents can integrate seamlessly with e-commerce platforms such as Shopify and logistics platforms like Shiprocket, while also connecting with messaging services such as WhatsApp.

Irina Ghose, managing director, India at Anthropic, said, “Razorpay’s work with Claude shows how AI agents can recover revenue, resolve disputes, and predict cash flow. It’s a great example of what AI can do when it is built into business operations.”

At the same time, Razorpay is experimenting with AI-led in-app commerce experiences across several consumer platforms. The company is currently testing these capabilities with partners including Zomato, Swiggy, PVR INOX, and Vodafone Idea.

Through these experiments, customers can discover products, evaluate options, and complete payments within the same AI-powered conversation. Consequently, the approach could significantly streamline digital commerce by reducing the steps required to finalize transactions.

Razorpay’s move to build AI-powered payment agents highlights the rapid evolution of fintech toward intelligent, automated commerce systems. By integrating conversational AI directly into payment operations, the company aims to help businesses recover lost revenue, simplify financial management, and enhance customer engagement. As AI-driven commerce gains traction across the payments ecosystem, innovations like these could reshape how businesses and consumers interact with digital transactions.

Through this funding, Roopya aims to accelerate product development and scale its cloud-native lending stack at a time when financial institutions increasingly seek faster, more flexible alternatives to legacy systems. The startup operates a no-code, AI-powered Lending-as-a-Service platform that allows banks, NBFCs, and fintech companies to launch fully customised loan products within four to six days, thereby dramatically reducing the time, cost, and operational complexity of traditional lending workflows.

Roopya’s fully automated Loan Origination System digitises the entire credit lifecycle. As a result, the platform manages processes such as e-KYC, underwriting, disbursement, and collections while ensuring adherence to regulatory requirements. Consequently, lenders can deploy credit products faster while maintaining compliance and risk discipline.

Commenting on the investment, Ankur Mittal, Co-founder of Inflection Point Ventures, said Roopya has developed a technologically advanced platform that empowers institutions with limited access to sophisticated lending solutions. He added that in a volatile market where seamless access to credit remains critical, Roopya’s integrated approach has the potential to make lending more accessible and affordable across India. Therefore, Inflection Point Ventures sees strong long-term value in backing the company as it scales and responsibly reshapes the credit ecosystem.

At the same time, Roopya has achieved a key regulatory milestone by becoming one of the first Indian fintech firms designated as a “Specified User” under the RBI’s CICRA framework. This status allows the company to access credit bureau data for advanced analytics and underwriting, which further strengthens its risk assessment capabilities. Currently, the platform works with more than 20 lending partners, processes over 30,000 loans every month, and records consistent month-on-month growth of 15 to 20 percent.

Raman Vig, Co-founder of Roopya, said the Indian lending landscape now prioritises speed of execution and precision in risk assessment rather than capital alone. He explained that the company is witnessing strong adoption among mid-market NBFCs that are moving away from heavy CAPEX-driven models toward Roopya’s flexible, pay-per-use infrastructure. Moreover, by enabling embedded finance directly at the point of sale, Roopya helps its customers expand their reach and serve underserved segments with significantly higher efficiency.

Founded by Sudipta Kumar Ghosh and Raman Vig, Roopya has processed loans worth more than ₹100 crore in the current financial year. Meanwhile, the company operates across 10 states and supports over 1,100 point-of-sale terminals nationwide. According to the startup, its technology helps lenders cut operational costs by up to 30 percent, reduce default rates by 25 percent, and slash loan processing time by more than half.

The fresh capital arrives amid rapid expansion in India’s digital lending market, where financial institutions increasingly migrate from legacy systems to cloud-native infrastructure. Looking ahead, Roopya plans to deploy the funds to deepen its technology stack, onboard additional financial institutions, and scale embedded finance solutions aimed at underserved borrowers across the country.

Previously, the company attracted USD 40 million in capital from Fundamentum Partnership Fund, Matrix Partners, RTP Global, Lightspeed India, and several other investors, thereby strengthening its financial foundation ahead of this round.

Going forward, Stable Money plans to deploy the fresh capital to strengthen its core technology platform, expand access to complementary savings products, and scale teams across critical business functions. At the same time, the company aims to enhance operational efficiency while accelerating product-led growth.

Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money operates a fixed-income investment platform that enables individuals to earn stable returns through fixed deposits, bonds via Stable Bonds, and other low-risk instruments. Notably, the digital platform allows users to compare, invest in, and manage fixed-income products, particularly bank FDs, across multiple financial institutions from a single interface.

Reflecting on the company’s growth, the co-founders said, “What has been most encouraging over the last few years is seeing millions of families choose to manage their savings digitally, without compromise. We are deeply grateful to our investors for their continued belief in our journey. This raise reflects long-term conviction in our mission to build a trusted, modern platform for how India saves.”

Meanwhile, the startup plans to deepen partnerships with banks and NBFCs, both established and emerging, to expand customer choice, enable smarter rate discovery, and drive continuous product innovation. Additionally, Stable Money is strengthening its on-ground presence in key cities to build closer, trust-driven relationships with its growing user base.

According to company disclosures, Stable Money now serves over 40 lakh users, who have collectively invested more than ₹5,000 crore through the platform across fixed deposits, Stable Bonds, and other secure instruments. Furthermore, for FY25, the startup reported operating revenue of ₹104 crore, marking a sharp rise from ₹1.3 crore in FY24, although losses widened to ₹44.8 crore from ₹12.8 crore during the same period.

Importantly, this fundraising underscores strong investor momentum in India’s wealthtech ecosystem, which recorded over USD 634 million across 51 deals involving 39 startups in 2024–25. Early 2026 has already witnessed significant capital inflows, including AssetPlus raising USD 19.3 million, Wint Wealth securing USD 28 million, and Otto Money closing USD 1.3 million.

Stable Money’s latest funding round highlights growing confidence in digital-first, low-risk investment platforms as Indian households increasingly shift toward transparent and tech-enabled savings solutions. With strong investor backing, rapid revenue growth, and an expanding user base, Stable Money appears well-positioned to play a defining role in reshaping how India saves and invests for the long term.

According to Rohit Garg, cofounder of Olyv (formerly Smartcoin), the company plans to deploy the capital strategically. Specifically, Olyv will allocate 50% of the funds to capitalise its NBFC, while it will use the remaining amount to scale operations and strengthen its product offerings.

Furthermore, Garg highlighted the funding split, stating that approximately $13 million came from Nandan Nilekani-backed venture capital firm Fundamentum, while around $8 million was contributed by SMBC Asia Fund. This diversified investor participation underscores strong institutional interest in Olyv’s long-term vision.

Outlining the company’s expansion roadmap, Garg said, “We are doing personal loans; we plan to get into unsecured business loans for the self-employed, offer credit on UPI rails, and also get into insurance distribution.” Through this multi-pronged approach, Olyv aims to broaden access to credit while deepening its presence across multiple financial services verticals.

In addition, the consumer lending startup is preparing to apply for an insurance broking licence, enabling it to extend beyond lending into insurance distribution. By doing so, Olyv intends to evolve into a more comprehensive financial services platform. Founded in 2017, the startup already counts Lightrock and Accion among its existing investors.

At present, Olyv is distributing personal loans worth Rs 4,000 crore on an annualised basis, reflecting strong demand and operational scale. Looking ahead, the company has set an ambitious target to build assets under management (AUM) worth $1 billion within the next three years.

From a financial performance standpoint, Olyv delivered robust results in FY25, reporting total revenue of Rs 350 crore alongside a net profit of Rs 26 crore. These numbers highlight the company’s ability to scale profitably in a competitive fintech landscape.

Olyv’s latest funding round positions the Bengaluru-based fintech for accelerated growth across lending, UPI-based credit, and insurance distribution.

With strong backing from marquee investors, a profitable business model, and a clear expansion strategy, Olyv is actively strengthening its footprint in India’s rapidly evolving digital financial services market.

During the quarter, revenue from operations rose 24 percent year-on-year to Rs 744 crore, compared with Rs 601 crore in the corresponding quarter last year, as per financial statements sourced from the National Stock Exchange (NSE). In addition, other income contributed Rs 36 crore, which pushed the company’s total income for the quarter to Rs 780 crore.

Meanwhile, for the nine-month period ending December 2025, Pine Labs reported continued momentum across its payments and fintech offerings. Revenue for the period increased 20 percent to Rs 2,010 crore, up from Rs 1,676 crore a year earlier, reflecting sustained demand across its core business lines.

On the expenditure front, employee benefits remained the company’s largest cost component, accounting for 37 percent of total expenses. Employee-related costs increased 5 percent to Rs 263 crore from Rs 251 crore in Q3 FY25. At the same time, the cost of materials surged 51 percent to Rs 104 crore, while finance costs and depreciation also added to overall spending. As a result, total expenses for the quarter grew 13 percent to Rs 705 crore.

Despite the rise in costs, Pine Labs successfully returned to the black during the quarter. The company reported a net profit of Rs 42 crore in Q3 FY26, reversing a loss of Rs 57 crore recorded in Q3 FY25. Furthermore, for the nine-month period, Pine Labs posted a profit of Rs 53 crore, supported by disciplined cost control and consistent revenue expansion.

In the capital markets, Pine Labs made a strong debut following its public listing. The stock listed at a 9.5 percent premium over its issue price, opening at Rs 242 per share against an IPO price of Rs 221.

Additionally, earlier this month, Pine Labs secured Reserve Bank of India (RBI) approval to fully acquire Agya Technologies, an account aggregator, thereby increasing its stake to 100 percent. At the time of reporting, Pine Labs shares were trading at Rs 233, valuing the company at approximately Rs 26,736 crore, or around USD 2.9 billion.

Overall, Pine Labs’ Q3 FY26 performance highlights a successful return to profitability backed by strong revenue growth, prudent cost management, and expanding fintech operations. With a positive stock market debut, strategic acquisitions, and sustained business momentum, the company appears well positioned to strengthen its leadership in India’s rapidly evolving fintech ecosystem.

With this raise, Mysa’s total funding has now reached USD 6.2 million. Earlier, in February 2025, the startup had secured USD 2.8 million in a seed round led by Blume Ventures, laying the foundation for its current scale-up phase.

Founded in 2023 by Arpita Kapoor and Mohit Rangaraju, Mysa operates as a B2B fintech platform focused on modernising finance and banking operations for mid-sized businesses. Specifically, the startup offers a unified system that automates accounts payable, invoice processing through its Smart Scan feature, vendor payments, expense management, and AI-driven accounting reconciliation.

Moreover, the platform integrates seamlessly with existing ERP systems and bank accounts, thereby reducing manual effort and operational risk. According to the startup, Mysa improves financial control and auditability while cutting losses caused by inefficiencies, fraud, and tax leakages. Its product suite spans vendor management, GST input tax credit verification, multi-bank payment operations, and end-to-end expense workflows, catering to India’s rapidly expanding mid-market segment.

“Finance teams today are expected to move faster while managing more complexity, but the underlying infrastructure hasn’t evolved,” said Arpita Kapoor, co-founder and CEO of Mysa. She added, “We’re building an AI-driven automation platform that plugs seamlessly into legacy ERPs and banks, enabling teams to scale without adding operational risk—at zero upfront cost and with no migration required.”

Furthermore, the company plans to deploy the fresh capital to strengthen its AI capabilities and expand banking-led products. As part of this roadmap, Mysa will roll out AI-enabled procurement tools, UPI-based expense management, and a corporate credit card offering. At the same time, the startup intends to explore embedded financing opportunities by leveraging its vendor network while also deepening bank partnerships and scaling distribution across India.

Notably, in less than a year since its public launch, Mysa claims to have processed over INR 1,500 crore in annualised transaction volume, facilitating payments to more than 40,000 bank accounts nationwide.

In addition, the startup reports that it has integrated with over 15 banks, including Axis Bank, YES Bank, IDFC First Bank, ICICI Bank, and HDFC Bank.

Currently, companies across commerce, manufacturing, hospitality, fintech, and real estate use Mysa’s platform. Its client roster includes Dhan, Wint Wealth, DrinkPrime, and Material Depot, reflecting broad adoption across industries.

Mysa’s latest funding round underscores growing investor confidence in AI-driven financial automation for India’s mid-market businesses. As the startup deepens its banking integrations, expands product offerings, and explores embedded finance, it appears well positioned to play a significant role in modernising enterprise finance operations at scale.

In addition, the round attracted participation from existing investors 3one4 Capital, 8 Roads Ventures, Arkham Ventures, and Zerodha-backed Rainmatter, further reinforcing strong institutional confidence in the platform’s long-term strategy.

Established with the objective of simplifying corporate bond investments for retail investors, Wint Wealth now plans to deploy the newly raised capital across several strategic initiatives. Specifically, the company intends to broaden its portfolio of corporate bond offerings, strengthen its NBFC operations, and increase investments in technology infrastructure and investor education. Through these efforts, Wint Wealth aims to create a more inclusive and transparent fixed-income marketplace by effectively bridging the gap between high-quality issuers and individual investors.

Meanwhile, the funding arrives at a time when retail participation in India’s corporate bond market is accelerating, supported by SEBI-led regulatory reforms that have improved transparency, lowered ticket sizes, and enhanced access to debt instruments.

Consequently, these regulatory developments have driven heightened investor interest in fixed-income products, particularly among individuals seeking stable returns during periods of market volatility.

By integrating regulated bond products, digital-first execution, and investor education initiatives, Wint Wealth continues to position itself as a key enabler of India’s evolving online bond investment platform landscape. As fixed income increasingly becomes a core portfolio allocation for Indian investors, the company’s expansion strategy aligns closely with broader structural shifts in retail participation across the debt markets.