In the tech world, finance companies occupy an exciting space. Some institutions, particularly renowned banks and investment firms provide traditional financial services. Yet, they still focus on developing digital platforms to appeal to modern customers and often recruit tech talent. Conversely, fintech companies often promise to turn the financial industry upside down with innovative products.
Across the spectrum, many top financial companies are located in Chennai. The city is a historic financial center and the location of India’s oldest bank. Now, local tech organizations are positioning the region as a fintech leader through strategic investments and increasing consumer appeal. We’ve rounded up some of the finance leaders in Chennai you should know.
Top Finance Companies in Chennai to Know
- PayPal
- Fidelity Investments
- Toast
- Opendoor
- BNY Mellon
- M2P Fintech
- ICICI Bank
Top Finance Companies in Chennai
Opendoor works in the proptech industry, aiming to simplify the home-buying process for thousands with tech. The company has multiple offices in India and has developed a digital end-to-end platform where customers can buy and sell their residential homes. Opendoor says it analyzes market data, home details and regional real estate trends to make fair offers on customer’s homes.
PayPal is a fintech giant known for providing online checkout options and enabling individuals to send and receive money quickly. The Silicon Valley-based company employs over 25,000 people and more than 7,000 of them work in India with its, cloud and product divisions. PayPal runs offices in Chennai, Bangalore and Hyderabad to host its local workforce.
Fidelity Investments is a popular financial institution that provides employer-sponsored and individual investment products. The company’s location in Chennai is a regional technology delivery center specializing in crypto and blockchain. Fidelity recruits for analytics, research and operational roles in India’s banking capital.
Chargebee, used by companies like Toyota, LinkTree and Calenday, has grown in popularity due to its investments in financial tech. Its product suite includes software to process subscription payments and reduce churn. Chargebee also develops integrations with payment gateways and accounting software to boost its functionality.
BNY Mellon is a financial institution that provides multiple services and products. It works with individuals and other financial institutions to offer wealth management, asset security and transaction services. BNY is headquartered in New York, with multiple offices in India.
With offices in Bangalore and Chennai, Toast develops an all-in-one restaurant platform. Its products include point-of-sale, or POS, hardware, marketing software, online order portals and payment processing. Its payment solutions feature machine learning and NFC, or near field communication, technology. Toast also developed a handy mobile pay feature that enables diners to scan a QR code and pay with their digital wallets.
Fintech startup IppoPay is a payment aggregator that helps businesses process digital transactions. The company is backed by Coinbase Ventures and develops payment infrastructure, such as POS terminals and payment gateways, for small and rural businesses. Additionally, IppoPay provides business loans and corporate cards to manage spending.
BankBazaar partners with India’s banks and issues co-branded credit cards to its users. In addition to cards, the company helps individuals apply for loans and manage their credit scores with its Experian-powered platform.
M2P Fintech uses APIs to expand financial services throughout Asia and the Middle East. The company says its APIs enable businesses to incorporate financial products into their platforms seamlessly. Some of M2P’s solutions include buy-now-pay-later, cross-border payments, credit cards and digital banking.
ICICI Bank is one of India’s largest financial institutions. Its services range from consumer banking to wealth management and life insurance. Founded in 1994, ICICI is a relatively new financial institution and employs over 150,000 individuals.
