Fintech Startups To Watch: Startups That Caught Our Eye In June

CRED raised ₹8,550 Cr at a $4.5 Bn valuation, Razorpay confidentially filed for its IPO, Navi explored a $250-300 Mn raise, and Turtlemint debuted on the public markets

Policymakers pushed for stronger safeguards with proposed UPI/IMPS cooling-off norms, stricter insurance intermediary disclosures by IRDAI, and RBI-led 'kill switch' initiatives to strengthen fraud prevention

Amid funding activity, IPO preparations and tighter regulations, India's fintech landscape remained one of the country's most dynamic startup sectors, setting the stage for the latest edition of Inc42's Five Fintech Startups To Watch

Added to Saved Stories in Login VIEW SAVED STORIES .inc42-toggle-item-popup { display: none; position: relative; } .toggle-item-close { text-align: end; padding: 8px 12px 0px 10px; position: absolute; right: 0; cursor: pointer; } .toggle-items-content-main { display: block; position: relative; top: 27px; left: -204px; border-radius: 12px; background: #FFF; box-shadow: 0px 4px 24px 0px rgba(100, 100, 100, 0.25); width: 435px; height: 115px; } .toggle-items-content { display: flex; align-items: baseline; justify-content: center; padding-top: 22px; } .toggle-items-content .items-content-text .h4-saved-story{ color: #000; font-size: 20px; font-style: normal; font-weight: 700; line-height: normal; text-transform: capitalize; margin: 2px 0 10px 6px; } .toggle-items-content .items-content-text .myInc42-plus-dark { width: 100px !important; } .toggle-items-content .items-content-text .myInc42-light { width: 80px !important; } .toggle-items-content .items-content-text img{ height: 22px; } .view-my-feed-btn { width: 100%; text-align: center; display: flex; justify-content: center; } .view-my-feed-btn a { width: auto !important; } .view-my-feed-btn button { border-radius: 4px; background: linear-gradient(180deg, #DA1B4D 0%, #E23026 100%); color: #fff; font-size: 12px; display: inline-block !important; min-width: 162px; width: 162px !important; height: 34px !important; font-style: normal; font-weight: 700; line-height: normal; padding: 10px; cursor: pointer; } .CustomIconStyled { position: absolute; right: 180px; top: -80px; } .SubDropdownModelShare .sub-arrow-icon { width: 76px; height: 80px; position: relative; overflow: hidden; box-shadow: none; } @media (max-width:767px) { .toggle-items-content .items-content-text .h4-saved-story{ margin: 4px 0 10px 6px; font-size: 18px; } .toggle-items-content { align-items: center; } }

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........

© Inc42