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Fintech Company Registration in India

Reviewed by CA and CS Team, Patron Accounting LLP ICAI & ICSI Registered| 15+ Years Experience| Last Updated: Verify Credentials →

What it is: registering a fintech business and mapping its RBI licensing.

Fees: Fintech company registration starting from INR 19,999 (Exl GST and Govt. Charges).

Structure: private limited company (effectively required for RBI licensing).

Overlay: RBI licence - NBFC, Payment Aggregator, PPI or NBFC-P2P.

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Setting Up a Fintech: Overview

📌 TL;DR - Fintech Company Registration Services at a Glance

A fintech is set up as a private limited company, which is effectively required because RBI licences are issued only to companies. The critical question is which RBI licence your model needs: an NBFC for lending, a Payment Aggregator for payment processing, a PPI for wallets, or an NBFC-P2P for peer lending - each with different capital and rules. Patron Accounting handles the company and the licensing roadmap from INR 19,999.

RBI Licence	For	Net worth / NOF
NBFC	Lending, credit, investment	INR 10 crore (new)
NBFC-P2P	Peer-to-peer lending	INR 2 crore
Payment Aggregator	Processing merchant payments	INR 15 cr to 25 cr by 2028
PPI (wallet)	Digital wallets, prepaid cards	INR 5 crore
NBFC-Account Aggregator	Data aggregation	INR 2 crore

The defining point: the company is straightforward, but the RBI licence - which one, the capital, the timeline - is the make-or-break decision for a fintech. Patron Accounting is a private CA and CS firm and does not itself operate under any RBI licence; we set up your company and advise on and prepare your RBI application.

Content is reviewed quarterly for accuracy.

What Is Fintech Company Registration?

Fintech company registration is setting up the right entity for a financial-technology business - a private limited company - and identifying and obtaining the RBI authorisation its activities require. The licence, not the company, is the hard part.

The entity is a private limited company, which is effectively required because the RBI issues its fintech licences only to companies. The RBI licensing overlay then depends on the model: lending needs an NBFC, payment processing needs a Payment Aggregator, wallets need a PPI, and peer-to-peer lending needs an NBFC-P2P registration.

Key Terms for Fintech Company Registration:

NBFC: Non-Banking Financial Company, the RBI licence for lending and credit fintechs.
Payment Aggregator (PA): the RBI authorisation for processing merchant payments.
PPI: Prepaid Payment Instrument, the licence for wallets and prepaid cards.
NOF / net worth: the minimum owned funds the RBI requires for each licence.

RBI Licensing NBFC | PA | PPI | P2P

Which RBI Licence Does Your Fintech Need?

It depends entirely on what you do. A lending fintech needs an NBFC; a payments fintech that settles merchant transactions needs a Payment Aggregator; a wallet or prepaid product needs a PPI; a peer-to-peer lending platform needs an NBFC-P2P; and an account-aggregation play needs an NBFC-AA.

Not every fintech needs a licence - a pure technology or software provider that does not handle funds or lend may operate as a normal company - but the moment you touch lending, payments settlement or stored value, an RBI authorisation is required. We assess your model and map the exact licence, capital and timeline before you build.

Our Fintech Setup Services

Service	What We Do
Company incorporation	Registering the private limited company through SPICe+.
Licence assessment	Identifying the right RBI licence for your business model.
NBFC registration support	End-to-end support for NBFC registration with the RBI where you lend.
PA, PPI and P2P advisory	Structuring and preparing the application for the right licence.
Capital and compliance planning	Net-worth planning and fit-and-proper readiness.
Ongoing compliance	RBI returns, company compliance and NBFC compliance support.

Our Process

Fintech Setup Process: 6 Steps

From assessing the right RBI licence to setting up the company and putting compliance in place, here is how Patron Accounting takes a fintech from idea to a compliant, investor-ready entity.

Step 1

Assess the model

Determine which RBI licence, if any, your fintech activity requires.

Licence mapped Activity reviewed

Model Assessed 01

Step 2

Incorporate the company

Pvt Ltd incorporated SPICe+ filed

Company Set Up 02

Step 3

Plan the capital

Plan the net worth or net owned fund the chosen licence needs from genuine promoter equity.

NOF planned Equity verified

Capital Ready 03

Step 4

Prepare the application

Compile the fit-and-proper, business plan and compliance documents.

Fit-and-proper ready Business plan built

Application Built 04

Step 5

Apply to the RBI

File through the relevant RBI portal such as COSMOS or PRAVAAH.

Filed via PRAVAAH COSMOS submission

Application Filed 05

Step 6

Set up compliance

Put RBI returns, escrow, KYC and company compliance in place.

Escrow and KYC live Returns scheduled

Compliance Live 06

Documents Required

Directors' and promoters' KYC: PAN, Aadhaar, photographs and fit-and-proper details.
Registered office proof: rent agreement or ownership with utility bill and NOC.
Business plan: the fintech model, projections and the licence sought.
Capital proof: evidence of the net worth or net owned fund from promoter equity.
Technology and compliance: for PA and PPI, the PCI-DSS, escrow and KYC framework.

Common Challenges and How We Solve Them

Challenge	Impact	How Patron Accounting Solves It
Which RBI licence applies	Wrong or missing authorisation stalls the launch	We map your model to the correct licence
High net-worth requirements	Capital thresholds run into crores	We plan the capital from genuine equity
Fit-and-proper and documentation	Incomplete applications get rejected	We prepare a complete, compliant application
PA cannot run under an NBFC	One licence cannot cover both functions	We structure the right licence for each function

Fintech Company Registration Fees

Fee Component	Amount
Patron Accounting Professional Fees	Starting from INR 19,999 (Exl GST and Govt. Charges)
MCA / SPICe+ incorporation government fees	As per MCA schedule, based on authorised capital and state
RBI licence application (NBFC / PA / PPI / NBFC-P2P)	Specialised engagement, scoped separately
Net worth / net owned fund	Founders' own promoter capital, not a fee

All fees and charges listed are indicative only and do not constitute a binding offer. Final amounts may vary depending on the volume of work and the complexity involved.

Professional service charges for drafting, filing, and representation are separate from the statutory fees. The exact fee depends on the complexity of the case, disputed amount, and number of hearings required. Contact us for a detailed quote.

Get a free Fintech Company Registration consultation - Call +91 945 945 6700 or WhatsApp us. No-obligation assessment.

How Long Does It Take?

Stage	Estimated Timeline
Private limited company incorporation	About 7 to 12 working days
Payment Aggregator authorisation	Typically around 4 to 6 months
NBFC or NBFC-P2P registration	6 to 18 months depending on the application and RBI review

The RBI licence is the long pole, not the company. We set up the company quickly and run the licence preparation in parallel so you lose no time.

Key Benefits

Why Get the Licensing Right

Compliant launch

The right RBI licence for your activity before you go live, so a regulated function is never run without authorisation.

Investor-ready

A clean Pvt Ltd and licensing roadmap that survives investor due diligence.

Capital-planned

The net worth and fit-and-proper readiness mapped upfront, from genuine promoter equity.

Trusted by Fintech Founders Across India

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Trusted by clients including Hyundai, Asian Paints and Bridgestone. With offices in Pune, Mumbai, Delhi and Gurugram, Patron Accounting sets up and advises fintech companies both in-person and remotely.

Fintech Activity and RBI Licence

Fintech activity	Likely licence	Law
Lending / credit	NBFC	RBI Act, 1934
Peer-to-peer lending	NBFC-P2P	P2P Master Directions
Processing payments	Payment Aggregator	PSS Act, 2007
Wallets / prepaid	PPI	PSS Act, 2007
Pure tech / SaaS (no funds)	Usually none	Companies Act only

Related Services

This page brings together what a fintech needs. Each is available on its own:

Private Limited Company Registration - the core entity for any fintech.
Private Limited Company Compliance - ongoing ROC and statutory compliance.
Convert LLP to Private Limited Company - if you are restructuring before raising capital.
One Person Company Registration - for a single-founder starting point.
Payroll Services for Fintech and NBFC - payroll built for regulated fintechs.
ESOP for Fintech - structure equity for your team and investors.

End-to-end NBFC registration support for lending fintechs is delivered as a specialised engagement - speak to our team to scope it for your model.

Legal and Compliance Framework

Company: a fintech is set up as a private limited company under the Companies Act, 2013, which is effectively required because the Reserve Bank of India grants its fintech authorisations only to companies, not to LLPs or proprietorships.

Lending and NBFC: lending, credit and investment fintechs need registration as a Non-Banking Financial Company under the RBI Act, 1934, with a net owned fund of INR 10 crore for new applications, while peer-to-peer lending requires an NBFC-P2P registration under the 2017 Master Directions (amended in February 2025) with a net owned fund of INR 2 crore.

Payments, PA and PPI: under the Payment and Settlement Systems Act, 2007, a Payment Aggregator that processes merchant transactions needs RBI authorisation with a net worth of INR 15 crore rising to INR 25 crore by March 2028, plus PCI-DSS and escrow, and a Prepaid Payment Instrument issuer for wallets needs a net worth of INR 5 crore; a PA cannot operate under an NBFC licence as they are distinct.

Common requirements: across licences, promoters and directors must meet the RBI's fit and proper criteria, the capital must be genuine promoter equity rather than borrowed funds, lending fintechs must follow the RBI Digital Lending Guidelines, and applications are filed through RBI portals such as COSMOS or the RBI PRAVAAH portal. Company incorporation is filed on the MCA portal.

Frequently Asked Questions

Common questions about registering a fintech company and choosing the right RBI licence.

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How do I register a fintech company in India?

You register a fintech by first incorporating a private limited company, which is effectively required because the RBI grants fintech licences only to companies, and then identifying and obtaining the RBI authorisation your activity needs. That could be an NBFC for lending, a Payment Aggregator for payment processing, a Prepaid Payment Instrument licence for wallets, or an NBFC-P2P registration for peer lending. We incorporate the company and map and prepare the right RBI licence, capital and compliance for your model.

What RBI licence does a fintech need?

It depends entirely on the activity. A lending or credit fintech needs an NBFC registration under the RBI Act. A fintech that processes and settles merchant payments needs a Payment Aggregator authorisation under the Payment and Settlement Systems Act. A wallet or prepaid product needs a Prepaid Payment Instrument licence. A peer-to-peer lending platform needs an NBFC-P2P registration, and an account-aggregation service needs an NBFC-Account Aggregator licence. A pure technology provider that does not handle funds may need no RBI licence at all.

What is the difference between an NBFC and a Payment Aggregator licence?

They serve completely different functions. An NBFC, licensed under the RBI Act, 1934, provides financial services such as lending, credit and investment. A Payment Aggregator, authorised under the Payment and Settlement Systems Act, 2007, processes and settles payments between merchants and customers but does not lend. Their capital requirements and rules differ, and importantly a Payment Aggregator cannot operate under an NBFC licence, so a fintech doing both would need both authorisations. We help structure the right licence for each function.

What is the net worth requirement for a payment aggregator?

A Payment Aggregator must have a minimum net worth of INR 15 crore at the time of application, rising to INR 25 crore by the end of March 2028. The net worth must be genuine promoter equity, not borrowed funds, and the applicant must also meet PCI-DSS certification, escrow account and data-localisation requirements. This significant capital threshold is deliberate, as the RBI intends it to ensure only financially stable players handle merchant payments. We help plan the capital and prepare the application.

Do all fintech companies need an RBI licence?

No. Whether an RBI licence is needed depends on the activity. A fintech that actually performs a regulated function, such as lending, processing payments or issuing stored value, needs the corresponding RBI authorisation. However, a fintech that is purely a technology or software provider, for example offering a SaaS platform to banks or NBFCs without itself handling funds or lending, may operate as an ordinary private limited company without an RBI licence. We assess exactly where your model sits before you build.

What licence is needed for a digital wallet?

A digital wallet or prepaid card product needs a Prepaid Payment Instrument issuer licence from the RBI under the Payment and Settlement Systems Act, 2007. The issuer must have a minimum net worth of INR 5 crore and meet KYC, escrow account, technology-audit and, for full-KYC instruments, interoperability requirements. Closed-system instruments usable only with a single merchant are generally outside this licensing. We advise on whether your wallet model needs a PPI licence and prepare the application.

What structure is best for a fintech startup?

A private limited company is the best and, for most fintechs, the necessary structure. It is the only form to which the RBI grants its fintech authorisations such as NBFC, Payment Aggregator and PPI, and it is also the structure investors and venture capital expect, supports ESOPs and enables FDI. A proprietorship or LLP is generally not suitable for a regulated fintech because it cannot hold these RBI licences. So almost every fintech incorporates as a private limited company from the start.

Fintech company registration kaise kare?

Private limited company banao (RBI licence sirf company ko milta hai), phir apne model ke hisaab se sahi RBI licence map karo - lending ke liye NBFC, payments ke liye Payment Aggregator, wallet ke liye PPI, P2P ke liye NBFC-P2P. Patron Accounting company se licence roadmap tak sab karta hai.

Quick Answers

Best structure? Private limited company (required for RBI licensing).
Which licence? Depends on activity - NBFC, PA, PPI or P2P.
PA net worth? INR 15 crore, rising to INR 25 crore by 2028.
Always need a licence? No - pure tech with no funds may not.

Building a Fintech? Get the Licence Right First

Fintech is one of the most heavily regulated startup spaces, and operating a regulated activity without the right RBI authorisation is a serious breach. Get the company and licence right from the start - it protects you, satisfies investors' due diligence, and lets you launch and scale with confidence.

Call +91 945 945 6700 or message us on WhatsApp for a confidential assessment of the right RBI licence and capital plan for your model.

Set Up Your Fintech Company Today

In fintech, incorporating the company is the easy part - the decisive question is which RBI licence your model needs. A private limited company is effectively required, because the RBI grants its authorisations only to companies, and on top of it the right licence depends on what you do: an NBFC for lending, a Payment Aggregator for payments, a PPI for wallets, or an NBFC-P2P for peer lending, each with its own capital and rules.

Getting this mapping right from the start protects you, satisfies investors and lets you launch compliantly. Patron Accounting, with 15+ years of experience and a CA and CS team, sets up the company and the RBI licensing roadmap together.

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Content Created: 3 June 2026 | Last Updated: | Next Review: 3 December 2026 | Reviewed By: CA & CS Team, Patron Accounting LLP

This page is reviewed every 6 months or whenever the RBI changes its Payment Aggregator, NBFC, PPI or NBFC-P2P rules, so the licensing and net-worth guidance stays current.