Maharashtra has emerged as a promising player in India’s fintech landscape, leveraging its position as the country’s financial and commercial nerve centre. 
The state’s fintech ecosystem has gained significant momentum, with Mumbai driving much of this growth through its concentration of financial institutions, investor networks and technical talent. In 2024, Indian fintech startups collectively raised <a href="https://asset.inc42.com/2025/04/Q1-Funding_v6.pdf">$2.5 Bn across 162 deals</a>, with Maharashtra-based ventures contributing substantially to this figure.
The state’s fintech potential is underlined by India’s projected $2.1 Tn fintech market opportunity by 2030. Maharashtra is well-positioned to capture a lion’s share of this growth, with 29.2K+ DPIIT-recognised startups operating across various sectors, including financial technology. 
Mumbai emerged as India’s <a href="https://asset.inc42.com/2024/12/Fintech-Q3_v6.pdf">most funded fintech hub in 2024</a>, capturing the majority share in the total $677 Mn raised, showing Maharashtra’s growing dominance in the sector. 
The city’s startup funding soared to <a href="https://inc42.com/buzz/maharashtra-to-launch-its-first-incubator-m-hub-to-support-startups-cm-fadnavis/#:~:text=To%20establish%20itself%20as%20the,M%2DHub%20is%20almost%20complete">$3.7 Bn in 2024</a>, marking a 154% increase from the previous year. This growth has been fuelled by several factors, including the presence of the <a href="https://fintech.maharashtra.gov.in/">Mumbai Fintech Hub</a>, established in 2018 to support fintech startups through investment opportunities and networking platforms. 
Global investors have taken notice of Maharashtra’s potential, with Blackstone committing $3 Bn for data centre development and infrastructure projects in the Mumbai Metropolitan Region. 
Similarly, Amazon Web Services plans to invest <a href="https://inc42.com/buzz/maharashtra-to-launch-its-first-incubator-m-hub-to-support-startups-cm-fadnavis/#:~:text=To%20establish%20itself%20as%20the,M%2DHub%20is%20almost%20complete">$8.3 Bn in cloud infrastructure </a>across Maharashtra by 2030, which will boost the state’s fintech capabilities. The state government’s plan to launch its first incubator, “M-Hub”, further underscores its commitment to establishing Maharashtra as a leading tech hub.
With that said, here’s a list of some of the most promising fintech startups in Maharashtra.

Maharashtra's fintech potential is underlined by India’s projected $2.1 Tn fintech market opportunity by 2030.

Fintech Startups In Maharashtra

Fintech Startups In Maharashtra