back Back

Indian FinTechs that won the National Startup Awards 2021

By Leandra Monteiro

January 19, 2022

  • Awards
  • Digital Payments
  • FinTech
Share

Startup PM Narendra Modi declared January 16 as National Startup Day. Putting the spotlight on startups, PM Modi called them the backbone of new India.

The National Startup Awards seeks to recognise startups that contribute to the economic dynamism by spurring innovation and injecting competition. It is focussed on startups that are building innovative products/solutions, scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact.

Here are the 2 FinTech startups who were felicitated at the National Startup Awards 2021:

ToneTag

Bengaluru-based startup called ToneTag, largest sound-wave communication technology platform in the world was declared the winner in the FinTech category’s financial inclusion sub-sector. ToneTag’s technology uses sound waves to enable contactless, offline, and proximity data communication on any device. With 17 globally filed patents and multiple grants, this Bengaluru based company is changing the payment and transaction landscape in India.

ToneTag is now poised to provide voice-based digital payment options to more than 600 million feature phone users for the first time to improve their lives, start businesses and gain control of their finances, leading them to digital empowerment.

Umbo Idtech Private Limited

It is an Ahmedabad-based startup which was awarded as a winner in the FinTech category’s  insurance sub-sector. The startup was founded in 2018 and has built a full-stack platform that enables omnichannel insurance distribution for its clients.

ALSO READ: Global Payments Vendors and Landscape Report Q4 2021

Previous Article

January 19, 2022

Gr4vy secures $15m Series A to accelerate rapid growth

Read More
Next Article

January 19, 2022

Temenos launches IMPACT Partner Program

Read More








IBSi Daily News Analysis

digital wallets

March 01, 2024

Awards

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

Hecto Financial eases cross-border transactions with new solution

Read More

March 01, 2024

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

March 01, 2024

Viva.com activates Cartes Bancaires on Tap to Pay on iPhone in France

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023