List of Top Fintech Stocks In India

Published on December 26, 2025 | 3 min read

Global share of revenues generated by Indian fintech companies is expected to double

“Cash or online?” A question you must have heard often when paying for goods or services. That question alone shows how technology has entered the finance sector and changed the way you interact with money.

Today, you can get loans online instantly, transfer money and purchase things online from the comfort of your home. That is the power of Fintech. The FinTech industry in India is set to replace traditional finance services with government support and offer high-growth potential.

List of Top Fintech Stocks In India

The rapid growth of the Fintech sector has caught the eye of many investors, compelling them to add Fintech stocks to their portfolios. The following are the top Fintech stocks in India based on market capitalization.

S.No.	Name	Mar Cap (₹ in crores)
1.	PB Fintech	88481.88
2.	One 97	84099.42
3.	Pine Labs	27271.57
4.	Infibeam Avenues	4524.62
5.	Seshaasai Technologies Ltd	4448.83

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PB Fintech Ltd

PB Fintech Ltd is India’s largest online platform for insurance and credit services. It was founded in 2008 and facilitates individuals to compare insurance policies, loans and credit cards offered by different financial institutions to make informed financial decisions.

PB Fintech Ltd share had a face value of ₹2 and now trades in the market for around ₹1,600-1,900. The company has a market capitalization of ₹88,481.88 crores and showed a significant boost in profit in 2024-25.

One 97

One 97 Ltd is an Indian multinational company, operating under the ‘Paytm’ brand. It offers various financial services such as digital payments, loans, insurance, wealth management and commerce.

One 97 Ltd has a market capitalization of ₹84,099.42 crores and is almost debt-free with a 5-Year Profit CAGR of 7%.

Pine Labs Ltd

Pine Labs is a major Indian fintech company founded in 1998, specialising in merchant commerce, point-of-sale solutions and digital payment processing across Asia, UAE and Australia.

Pine Labs entered the stock market in November 2025 and has a market capitalization of ₹27,271.57 crores.

Infibeam Avenues Ltd

Infibeam Avenues Ltd is an Indian multinational company that offers integrated digital payment solutions, e-commerce platforms such as BuildaBazaar for enterprises, governments and banks.

Infibeam Avenues Ltd is known as India’s only bootstrapped and profitable fintech conglomerate with a diverse product portfolio. Infibeam Avenues has a market capitalization of ₹4,524.62 crores and has shown consistent profitability with a 5-Year Profit CAGR of 18%.

Seshaasai Technologies Ltd

Seshaasai Technologies Ltd was incorporated in 1993 and specialises in secure payments, communications and IoT-based RFID solutions for the Banking, Financial Services and Insurance (BFSI) sector.

Seshaasai Technologies Ltd has a market capitalization of ₹4,448.83 crores and has remained consistently profitable for the last 4 years.

Factors to Consider Before Investing in Fintech Stocks in India

Though the Fintech industry in India is booming and has high-growth potential, the following are some factors you should consider before investing in Fintech stocks in India.

Regulatory Compliance

The RBI and SEBI strictly scrutinize Fintech companies involved in digital lending, ensuring data privacy. Regulatory changes can significantly impact the business models of companies. Making it important to invest in companies that have regulatory compliance.

Profitability of the Company

Fintech is a competitive sector, with many firms focusing on user acquisition, which results in higher costs. Before investing in fintech companies, evaluate their EBIT margins, cash flow and profitability to make informed investment decisions.

Business Model & Product Offering

Before investing in any company, you need to understand its business model and its offerings. Invest in a company with diversified income streams as they offer more stability than a company focused on one product or service.

Market Position

Evaluate the market position of the company and its ability to retain its customers without spending excessively on marketing.

Real Valuation

Stocks of fintech companies usually trade at a higher price than their intrinsic value, making them sensitive to significant market corrections. Evaluate the valuation of the shares and if it aligns with the company’s long-term earning potential before investing in it.

Fintech stocks can be a good investment for investors with high-risk tolerance seeking high-growth potential investments. Before investing in any fintech company stocks, fundamentally analyze the company, its business model and scope for growth to make informed investment decisions.

About Author

Mariyam Sara

Sub-Editor

holds an MBA in Finance and is a true Finance Fanatic. She writes extensively on all things finance whether it’s stock trading, personal finance, or insurance, chances are she’s covered it. When she’s not writing, she’s busy pursuing NISM certifications, experimenting with new baking recipes.

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About Upstox

Upstox is a leading Indian financial services company that offers online trading and investment services in stocks, commodities, currencies, mutual funds, and more. Founded in 2009 and headquartered in Mumbai, Upstox is backed by prominent investors including Ratan Tata, Tiger Global, and Kalaari Capital. It operates under RKSV Securities and is registered with SEBI, NSE, BSE, and other regulatory bodies, ensuring secure and compliant trading experiences.