Karnataka has established its dominant position as India’s leading fintech innovation hub. The state’s fintech ecosystem has demonstrated remarkable growth, raising more than <a href="https://asset.inc42.com/2024/09/TES-2024-v10.pdf">$11 Bn</a> since 2014, making it Karnataka’s second most funded startup sector. 
This success stems from a combination of factors, including a mature talent pool, robust investor network and progressive government policies that support financial technology innovation.
The Karnataka government has implemented several initiatives to foster fintech growth, most notably through its <a href="https://asset.inc42.com/2024/09/TES-2024-v10.pdf">Startup Policy </a>(2022-2027). This includes establishing an INR 100 Cr venture capital fund that is focussed on emerging technologies like AI and ML. 
Complementing this are state-backed initiatives like Elevate WomEN, which supports women entrepreneurs in tier II and tier III cities, and the broader ELEVATE programme, which offers grants of up to INR 50 lakh, along with mentorship and skill development opportunities for high-potential startups. 
Meanwhile, the Karnataka Open Data Initiative (KODI) promotes innovation by offering access to public datasets across sectors. 
With 17.1K + DPIIT-recognised startups, Karnataka’s fintech ecosystem benefits from Bengaluru’s concentration of technical talent from premier educational institutions. 
The state has attracted <a href="https://asset.inc42.com/2024/09/TES-2024-v10.pdf">$70 Bn </a>in total startup funding across 3.6K deals since 2014, with fintech maintaining a significant share. 
As India’s fintech market heads toward a projected <a href="https://asset.inc42.com/2024/12/Fintech-Q3_v6.pdf">$2.1 Tn opportunity by 2030</a>, Karnataka is well-positioned to maintain its leadership through its combination of entrepreneurial talent, investor interest and government support. 
With that said, here’s a list of fintech startups from Karnataka to watch out for.

The Karnataka government has implemented several initiatives to foster fintech growth, most notably through its Startup Policy (2022-2027)

Fintech Startups in Karnataka

Fintech Startups in Karnataka