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Companies in AI in Banking
There are 1,611 companies in AI in Banking which include Tabby, Akulaku, Upstart, INDMoney, Equifax. 787 companies in AI in Banking are funded, with 357 having secured Series A funding. Till date, the sector has seen the creation of 16 Unicorns. United States has the most number of companies in AI in Banking (512), followed by India
(217), and then United Kingdom (149).
2025 has seen the creation of 1 company in AI in Banking. On average, the last 10 years have seen 112 new companies launched every year. Most number of AI in Banking startups have been founded by alumni from Stanford University, IIT Delhi and Harvard University.
Here is a List of top companies in AI in Banking
1. Tabby
Provider of purchase financing solutions for businesses. The platform enables users to purchase from multiple online stores and allows to repay the amount in equal installments. It offers a credit card offering buy now pay later loans with installment-based repayment options. It allows users to split purchases into four interest-free payments, both online and in-store. The platform also offers shopping assistant that lets users discover and track products, brands and deals in the application.
Key facts about Tabby
- Founded Year: 2019
- Location: Dubai (United Arab Emirates)
- Stage: Series E
- Total Funding till date: $604M
- Investors: STV, Hassana and 28 Others
- Latest Funding Round: Series E, Feb 12, 2025, $160M
- Tracxn Score: 83/100 What is this?
- Competitors Rank: 1 of 20 Competitors
2. Akulaku
Online marketplace for point of sale financing. It provides financing for multiple online/offline products including mobiles, laptops, electrical household appliances, and more. It enables users to make installment payments via credit/debit cards. The application is available on iOS and Android platforms.
Key facts about Akulaku
- Founded Year: 2014
- Location: Jakarta (Indonesia)
- Stage: Series E
- Total Funding till date: $430M
- Investors: Silverhorn, FinUp and 26 Others
- Latest Funding Round: Conventional Debt, Mar 22, 2024, $100M
- Tracxn Score: 80/100 What is this?
- Competitors Rank: 6 of 464 Competitors
3. Upstart
AI-enabled online marketplace offering diversified loans to consumers and businesses. It offers loans such as personal loans, credit card loans, car loans, debt consolidation loans, wedding loans, medical loans, small business loans, and more. It provides personalized loan rates based on personal credit assessments.
Key facts about Upstart
- Founded Year: 2012
- Location: Palo Alto (United States)
- Stage: Public
- Total Funding till date: $129M
- Investors: Progressive Investment Company, Hoopp and 28 Others
- Latest Funding Round: Series D, Apr 08, 2019, $50M
- Tracxn Score: 80/100 What is this?
- Competitors Rank: 2 of 399 Competitors
4. INDMoney
Mobile application for individuals to manage finances in one place. The app offers features such as investment in stocks, SIP in mutual funds, free Demat and trading accounts, investment in direct plans of mutual funds, AI-driven advisory, mini save, super banking for family, automatic tracking of money, mutual fund investments, and more. The app is available on iOS and Android devices.
Key facts about INDMoney
- Founded Year: 2018
- Location: Gurugram (India)
- Stage: Series D
- Total Funding till date: $159M
- Investors: Steadview, Tiger Global Management and 20 Others
- Latest Funding Round: Series D, Jan 17, 2022, $86.6M
- Tracxn Score: 80/100 What is this?
- Competitors Rank: 1 of 17 Competitors
5. Equifax
Online platform that provides credit score data for businesses and individuals. It provides a platform for gathering and aggregating data about customers and enterprises. It also provides credit monitoring, identity theft prevention, scanning of social security numbers, account administration, digital credit marketing, client targeting, and scoring tools. It employs artificial intelligence and automation technology to manage customer and staff experiences, enhance credit decisioning, and prevent fraud. It also offers services for credit cards, personal loans, and insurance estimates.
Key facts about Equifax
- Founded Year: 1899
- Location: Atlanta (United States)
- Stage: Public
- Investors: BNY Mellon, American Century Investments and 44 Others
- Latest Funding Round: Conventional Debt, May 2018, $1B
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 3 of 82 Competitors