Fintech India on WebNotes

Fintech India on WebNoteshttps://v2.webnotes.in/tags/fintech-india/Recent content in Fintech India on WebNotesHugoen-INTue, 12 May 2026 00:00:00 +0000ET Moneyhttps://v2.webnotes.in/et-money/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/et-money/<p><strong>ET Money</strong> is an Indian personal finance platform and direct mutual fund investment application, operated by Times Internet Limited, a subsidiary of the Bennett, Coleman and Company Limited (BCCL) media group. Accessible at etmoney.com and through Android and iOS applications, ET Money allows investors to invest in direct plans of mutual fund schemes, purchase insurance products, and access financial planning tools. As of 2024, ET Money disclosed over one crore registered users, positioning it among the larger consumer-facing direct-plan investment platforms in India alongside <a href="https://v2.webnotes.in/kuvera/">Kuvera</a>, <a href="https://v2.webnotes.in/indmoney/">INDmoney</a>, and <a href="https://v2.webnotes.in/groww/">Groww</a>.</p>INDmoneyhttps://v2.webnotes.in/indmoney/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/indmoney/<p><strong>INDmoney</strong> is an Indian financial services platform and wealth aggregator, operated by INDmoney Private Limited, accessible at indmoney.com and via Android and iOS applications. INDmoney aggregates an investor’s financial holdings – mutual funds, equity portfolios, provident fund, National Pension System accounts, insurance policies, and fixed deposits – into a single dashboard, while also providing direct-plan mutual fund investing, US equity investing, and an INDwealth premium advisory tier. The platform had disclosed over one crore registered users by 2024.</p>Kuverahttps://v2.webnotes.in/kuvera/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/kuvera/<p><strong>Kuvera</strong> is an Indian direct mutual fund investment platform and SEBI-registered investment adviser (RIA), accessible at kuvera.in. Operated by Arevuk Advisory Services Private Limited, Kuvera allows investors to purchase direct plans of mutual fund schemes at zero commission, provide goals-based financial planning tools, and consolidate portfolios across multiple folios. Kuvera is one of the largest direct-plan mutual fund platforms in India by registered users, with the company disclosing over 35 lakh registered users and approximately Rs. 90,000 crore in assets under advice as of 2024.</p>Mutual fund aggregator portal landscape in Indiahttps://v2.webnotes.in/mf-aggregator-india/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/mf-aggregator-india/<p>The <strong>mutual fund aggregator portal landscape in India</strong> encompasses the range of digital platforms that allow investors to access mutual fund schemes from multiple AMCs through a single interface, as distinct from investing directly through an individual AMC’s portal. Aggregator platforms represent a significant share of mutual fund transaction volumes in India and have been the primary channel through which direct-plan investing has grown since the SEBI direct-plan mandate of January 2013.</p>Dhanhttps://v2.webnotes.in/dhan-broker/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/dhan-broker/<p><strong>Dhan</strong> is an Indian retail stockbroking and investment platform operated by <strong>Raise Financial Services Private Limited</strong>, incorporated in 2021 and headquartered in Navi Mumbai, Maharashtra. The broker was co-founded by Pravin Jadhav, Vinay Patankar, and Ram Kalyan Medury. Pravin Jadhav is a fintech executive who previously served as chief executive officer of <a href="https://v2.webnotes.in/paytm-money">Paytm Money</a> from 2019 to 2021, during Paytm Money’s transition from a mutual fund distribution platform to a full stockbroking service. After departing from Paytm Money, Jadhav co-founded Raise Financial Services with the express intent of building a stockbroking platform designed for active equity and derivatives traders, rather than for the first-time investor segment primarily served by <a href="https://v2.webnotes.in/groww">Groww</a> or the generic retail segment served by bank-backed full-service brokers.</p>Fyershttps://v2.webnotes.in/fyers/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/fyers/<p><strong>Fyers</strong> (operated by <strong>Fyers Securities Private Limited</strong>) is an Indian discount stockbroker and technology trading platform founded in 2015 by Tejas Khoday and Suraj Nair and headquartered in Bengaluru, Karnataka. Fyers is a privately held company that grew without publicly disclosed institutional venture capital, making it one of a small number of bootstrapped discount brokers in a sector where most major competitors have raised hundreds of millions of rupees in external funding. The company is not listed on any stock exchange.</p>Growwhttps://v2.webnotes.in/groww/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/groww/<p><strong>Groww</strong> is an Indian <a href="https://v2.webnotes.in/zerodha">discount broker</a> and retail financial services platform, incorporated as Groww Securities Private Limited for stockbroking and Groww Invest Tech Private Limited for mutual fund distribution, and headquartered in Bengaluru, Karnataka. Founded in April 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, all former Flipkart employees, Groww initially operated as a direct mutual fund distribution platform before obtaining a <a href="https://v2.webnotes.in/sebi-investment-management-department/">Securities and Exchange Board of India (SEBI)</a> stockbroking licence in 2020. By 2023, Groww surpassed <a href="https://v2.webnotes.in/zerodha">Zerodha</a> and <a href="https://v2.webnotes.in/angel-one-mf/">Angel One</a> to become the broker with the largest active client base on the National Stock Exchange (NSE), a position it maintained through 2025 and into 2026 with over 12 million NSE-active clients. The group holding company, Billionbrains Garage Ventures Private Limited, is backed by Tiger Global, Sequoia Capital India (Peak XV Partners), Ribbit Capital, Y Combinator, and other venture investors, and was valued at approximately US$3 billion at its 2021 Series F round.</p>Nithin Kamath's open-source advocacyhttps://v2.webnotes.in/nithin-kamath-foss-advocacy/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/nithin-kamath-foss-advocacy/<p><strong>Nithin Kamath’s open-source advocacy</strong> refers to the sustained public position taken by <a href="https://v2.webnotes.in/nithin-kamath/">Nithin Kamath</a>, founder and chief executive officer of <a href="https://v2.webnotes.in/zerodha/">Zerodha</a>, in favour of adopting free and open-source software (FOSS) in Indian financial services infrastructure. This advocacy encompasses public statements, regulatory submissions, social media commentary, and the example set by Zerodha’s own technology choices. It is closely related to, and made credible by, the open-source software contributions of <a href="https://v2.webnotes.in/kailash-nadh/">Kailash Nadh</a>, Zerodha’s chief technology officer. A detailed account of Nadh’s own FOSS contributions is at <a href="https://v2.webnotes.in/kailash-nadh-foss/">Kailash Nadh’s FOSS contributions</a>.</p>Paytm Moneyhttps://v2.webnotes.in/paytm-money/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/paytm-money/<p><strong>Paytm Money Limited</strong> is an Indian discount broker and retail investment platform that is a wholly owned subsidiary of One97 Communications Limited, the parent company of the Paytm brand. Incorporated in 2017 and headquartered in Bengaluru, Karnataka, Paytm Money was launched in 2018 initially as a mutual fund distribution platform before expanding to stockbroking after receiving a SEBI registration in 2019. The platform offers flat-fee equity and derivatives trading, mutual fund distribution, the National Pension System (NPS), digital gold, and IPO applications.</p>Zerodhahttps://v2.webnotes.in/zerodha/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/zerodha/<p><strong>Zerodha</strong> is an Indian financial services and stockbroking firm headquartered in Bengaluru, Karnataka. Founded in 2010 by Nithin Kamath and Nikhil Kamath, it operates as India’s largest retail stockbroker by active client count, having surpassed traditional full-service brokers by popularising a flat-fee, technology-first brokerage model. The firm’s name is a portmanteau of “zero” and the Sanskrit word “rodha” (barrier), reflecting its founding intent to lower the cost of market participation for retail investors.</p>Zerodha's open-source contributionshttps://v2.webnotes.in/zerodha-open-source-contributions/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/zerodha-open-source-contributions/<h2 id="overview">Overview</h2> <p><a href="https://v2.webnotes.in/zerodha/">Zerodha</a> has been among the most active contributors to open-source software among Indian financial services companies, publishing client libraries, data tools, infrastructure components, and configuration management tools under open-source licences on GitHub. The open-source programme serves multiple purposes: it supports the ecosystem of developers who build applications using the <a href="https://kite.trade/">Kite Connect API</a>, it signals technical credibility to the developer community, and it reflects the company’s stated philosophy of contributing to the broader technology community.</p>