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Digital transformation is happening on a large scale globally, and the financial sector is catching up. At the heart of this shift lies fintech. This rapid transformation calls for investors to stay updated on emerging fintech trends and to understand the different types of fintech companies.

In this blog, we’ll explore the key categories of fintech businesses, how they function, and why they matter. But first, let’s clear our basics.

What is Fintech?

Short for Financial Technology, fintech refers to the integration of technology into financial services to enhance or automate banking and finance operations. It covers a wide range of applications, right from mobile wallets and lending platforms to robo-advisors and insurance aggregators.

The combination of innovation, data, and user-first design has made financial solutions smarter, faster, and easier to access for users. Beyond the added convenience, it’s also about making the industry more inclusive and accessible to the average person.

What is a Fintech Company?

A fintech company is any business that leverages digital technology to deliver financial services in more efficient or innovative ways. The digital technology we are talking about here can be anything, from the use of AI for personalising investment advice to offering loans through a completely digital process.

Today, these companies operate across various sectors, each bringing its own unique value proposition to investors, consumers, and businesses alike. Let’s take a closer look at the types of fintech companies shaping this landscape.

Types of Fintech Companies

1. Blockchain and Cryptocurrency

Blockchain is the decentralised ledger technology that powers cryptocurrencies. Fintech companies in this segment offer secure, transparent, and tamper-proof platforms for crypto trading, decentralised finance (DeFi), and tokenised assets.

Examples: CoinDCX and WazirX are two leading crypto exchanges in India that allow users to trade popular cryptocurrencies like Bitcoin and Ethereum.

2. Digital Investment Platforms

Investment apps and WealthTech platforms have democratised access to the share market and wealth management. Their goal is simple: to make investing less intimidating and more rewarding.

These platforms offer features like real-time stock tracking, automated investing, portfolio analysis, and direct access to mutual funds or ETFs in one app.

Notably, platforms like InCred Money allow users to explore alternative investment funds (AIFs), providing access to a diverse range of alternative investment opportunities such as unlisted shares in India. Like NSE, OYO, and Orbis Financial. This was a space that was previously limited to the insiders.

Examples: InCred Money, Zerodha (Kite), Groww, Upstox, 5Paisa, Angel One.

3. Fintech NBFCs and Neobanks

These are the digital-first cousins of traditional banks, with sleek apps, low overheads, and intuitive user experiences. They typically operate as NBFCs (Non-Banking Financial Companies) or partner with existing banks to offer services like savings accounts, budgeting tools, and credit lines.

Neobanks are becoming especially popular among young professionals who value transparency and usability over old-school paperwork.

Examples: Freo, Jupiter, Fi, Niyo.

There are different types of fintech NBFCs and neobanks you will get to see in India:

• Lending Platforms (LendTech):

This is one of the most impactful types of fintech NBFCs operating in the lending space. By using AI, data analytics, and mobile-first platforms, LendTech firms are accelerating the loan approval process and expanding credit access.

There are multiple models under this umbrella:

• P2P lending that connects borrowers directly with investors.
• BNPL (Buy Now Pay Later) lets consumers defer payments on purchases.
• Digital loan apps that offer quick loans with minimal documentation.

Examples: Faircent (P2P), KreditBee (digital loans), Freo (line of credit).

• Fintech Payments (PayTech):

Perhaps the most visible part of the fintech revolution, PayTech includes all innovations that are related to payment, including digital wallets, UPI-based apps, and payment gateways.

India’s UPI ecosystem, for example, is one of the most robust in the world, enabling real-time transactions across banks and apps without any fees. Meanwhile, payment gateways like Razorpay are powering digital commerce for businesses of all sizes.

Examples: PhonePe, Google Pay, Razorpay, Stripe.

• Embedded Finance:

This is where financial services are integrated directly into non-financial platforms. For instance, a logistics platform offering credit lines to delivery partners, or an e-commerce app providing insurance and financing options at checkout.

With the technology of embedded finance, traditional financial tools are made available to users whenever and wherever they need them via digital services.

Examples: RazorpayX, Open, KredX.

4. Insurance (InsurTech)

InsurTech companies use data and digital platforms to simplify how people discover, compare, and purchase insurance policies. They also enhance claims processing, reducing fraud and turnaround times.

Whether an individual is searching for a health policy or looking for instant car insurance, InsurTech is enabling customisable coverage for India’s diverse population and its varying needs.

Examples: Acko, Policybazaar.

5. Personal Financial Management (PFM)

With the help of PFM platforms, users can manage their income, expenses, and investments more conveniently and effectively. These platforms can categorise users’ spends, track their savings goals, and provide them with financial insights, empowering them to make smarter money decisions.

Examples: Walnut, ET Money, INDmoney, Money Manager Expense & Budget, Goodbudget.

Conclusion

The world of FinTech is vast and dynamic. Whether it’s through seamless PayTech solutions, innovative LendTech platforms, or new-age WealthTech offerings, each type of company is contributing to a more inclusive and efficient financial system that works on accepting digital innovation.

As the world progresses day by day, people’s expectations for speed, accuracy, and compliance have also increased. Billing clerks are under more pressure than ever. They not only have to streamline the routine invoice workflow but also ensure maximum accuracy. 

That’s why it is being suggested by the industry gurus to rely on specialized online tools. They are quick, intelligent, and accurate.

In this blog post, we will be taking a closer look at those tools to understand how they can be a lifesaver for billing clerks.

So, without any further delay, let’s fire away!

3 Tools That Billing Clerks Need to Use

Here are three of the essential tools that billing clerks can consider using in 2025 to simplify their workflow. 

1.myBillBook

At the top of the list is myBillBook – a freemium billing and invoicing software that can be a lifesaving solution for billing clerks. This software can offer assistance in numerous ways. 

For instance, it offers automatic invoice-sharing capabilities, allowing professionals to share invoices with customers directly through SMS or WhatsApp.

Moreover, the software also offers several invoice templates for quick and effective generation. myBillBook provides real-time payment tracking, making the workflow even easier for the billing clerks. 

Furthermore, it also assists in inventory and expense management. Multi-user access is also available for effective collaboration. 

So, it doesn’t matter whether you are handling a few invoices or hundreds; myBillBook serves as an ideal solution for billing clerks working for both small and medium-sized businesses. 

Pricing:

When it comes to pricing, myBillBook offers multiple options, especially for clerks with different budget requirements. 

For instance, its Diamond plan costs ₹217/month, Platinum is available at ₹250/month, and finally, the Enterprise plan costs ₹417/month. 

Key Features to Know:

• Customize invoice templates with minimal effort
• Easy inventory and business management
• E-invoice and e-way billing capabilities
• Real-time payment tracking and collaboration facilities

2.JPG to PDF Converter

We all know that one of the primary responsibilities of billing clerks is to efficiently handle or manage all the invoices for record purposes. To fulfil this responsibility with minimal effort, billing clerks can use this JPG to PDF converter. 

It is a simple online tool that works to automatically convert JPG images into secure and shareable PDF files. During the conversion process, the converter ensures that the original quality of the uploaded image is preserved. 

One of the amazing features is that this JPG to PDF converter allows billing clerks to upload unlimited images at once for conversion. This capability will definitely contribute to speeding up the overall conversion. 

Apart from JPGs, this tool also accepts images in other formats, such as PNG, JPEG, and many more, indicating reliability and versatility. 

So, by utilizing such a tool, billing clerks can quickly manage all the invoices into a single PDF file, ensuring effective management and sharing. 

Pricing:

This JPG to PDF converter is available for free, which means billing clerks can transform numerous invoices into PDF files without worrying about the usage limit. 

Key Features to Know:

• 100% free & simple to use
• Upload unlimited images at once for conversion
• Supports different image formats, i.e., JPG, JPEG, PNG & more.
• Perfectly preserves the quality of photos during the conversion process
• Offers multiple ways for image uploading, i.e., pasting URLs, dragging/dropping, etc

3. Airslate

Last but not least, Airslate is another excellent tool that billing clerks should use in 2025. There are numerous reasons behind this suggestion. First of all, this tool helps create automated workflows for invoice generation, approval, and even delivery.

Additionally, it offers fully customizable billing documents for quotes, purchases, invoices, orders, etc. The best feature is that Airslate multi-level approval flows, allowing billing clerks to seamlessly send documents to managers or clients for approval before finalizing everything.

Built-in signature tools are also available, which billing clerks can utilize to get e-signatures from clients on invoices or payment agreements. Airslate can be easily integrated with popular tools like SalesForce, Google Sheets, CRM, etc., indicating maximum reliability and versatility.

Finally, the tool also offers real-time notifications for overdue invoices, pending approvals, etc.

Pricing:

There are up to 4 plans available for Airslate, including the free one. The Growth plan costs $399/month, the Automate 360 is available at $799, and finally, the last one offers custom pricing options.

Key Features to Know:

• Create automated workflows
• Pre-design document templates
• Integration with popular tools and platforms
• Real-time notifications & analytics

So, these are a few useful tools that billing clerks can consider using in 2025 to simplify and streamline their routine workflow.

Wrapping Up

Billing clerks have the trickiest responsibilities in any organization. They have to create invoices, share them with customers, and also manage them for record purposes. A single individual does everything; that’s why it is recommended to utilize tools. This blog post has discussed some of the best options that can be considered in this regard; hopefully, you will find them useful. 

If you run a small business or work as a local vendor in India, you’ve probably felt the impact of UPI already. It’s made accepting digital payments quicker, easier, and more affordable. Since it came into the picture in 2016, UPI has helped small businesses cut down on transaction costs, improve cash flow, and step confidently into the digital economy.

UPI  has become the top choice for digital payments in India, even beating out credit and debit cards. By 2027, UPI transactions are expected to hit 1 billion per day. That’s a big number, and it shows just how widely it’s being used. With more people using UPI-based apps like Freo, PhonePe, Google Pay, and BHIM, it has become much easier for small business owners to accept payments on the go.

But it doesn’t stop there. These apps also let you pay bills, recharge mobile phones, and shop online. This saves time and helps you manage business expenses more smoothly. Many UPI apps also offer transaction analytics so you can keep a close eye on your earnings and spending. In this blog, we’ll walk through how UPI payments have changed the game for small businesses. Let’s get into it.

UPI’s Impact on the Indian Economy

1. A Boost for Business Growth

UPI has a big influence on driving growth in areas like online shopping, stores, and small companies. It has simplified digital payments and made them cheap, which has allowed Micro, Small, and Medium Enterprises (MSMEs) to expand more. In the past, many small businesses used cash. Now, with UPI, they’ve discovered an improved method to take payments, manage their work, and connect with more buyers.

2. Rapid Growth in Digital Payments

In 2023 alone, UPI managed more than 10 billion transactions per month. UPI can facilitate both person-to-person (P2P) and person-to-merchants (P2M) payments. When your friend wants to transfer money to you, or if you are buying something at your local store, it has become much easier and more accessible for everyone to make payments.

3. Clean, Trackable Transactions

UPI has brought a sense of transparency to the way money moves. Small vendors who once dealt only in cash are now part of a formal, digital system. This shift has made it easier to track income, which helps with tax collections and builds more accountability. Every transaction leaves a trail, which means fewer chances for under-the-table deals and more honest reporting.

4. Less Dependence on Cash

Thanks to UPI, people are using less cash for daily transactions. This is a big step forward for the Indian economy. Cash-heavy systems are expensive to maintain and manage. By moving towards digital payments, we save money on printing, transporting, and handling physical currency. It also makes banking more efficient and supports long-term economic stability.

How UPI Has Transformed Small Businesses

1. Better Cash Flow Management

It is always tricky for small businesses to manage money. UPI assists by providing real-time information about incoming and outgoing payments. Business owners can monitor their cash flow, see how much they are spending, and make better plans. It becomes simpler to control day-to-day expenses, plan expansion, and stay away from financial stress.

2. Simple and Easy to Use

The ease of use of UPI is among its best features. A bank account and a UPI ID—which can be generated via smartphone apps like Freo, Google Pay, or PhonePe—are all you need. Small vendors can begin receiving payments straight into their bank accounts after they have set up. No special hardware or card machine is required. Consumers can instantly transfer money by entering their UPI ID or scanning a QR code.

3. Low Transaction Costs

For small businesses, every rupee counts. Traditional card payments often come with high transaction fees, but UPI charges are much lower. Since September 2021, the National Payments Corporation of India (NPCI) had capped UPI fees at 30 paise per transaction up to ₹1,000, and 60 paise for transactions above that. These low fees help small vendors save money and increase their profit margins.

4. Transaction Limits for Better Control

To keep things secure, UPI has certain transaction limits. For individuals, the limit per transaction is ₹1 lakh, while small businesses can go up to ₹2 lakhs. There’s also a daily cap of ₹2 lakhs for individuals and ₹5 lakhs for businesses. These limits help prevent fraud and ensure safe transactions without making it too restrictive for daily use.

5. Easy Integration with Online Platforms

UPI integrates easily with websites, mobile applications, and online shopping services. Companies can offer UPI as a payment option for customers, which will speed up their experience. This will allow for improved customer experience while promoting more use of digital payments. For companies, it will provide more online presence and increased customer satisfaction.

6. Helping India Go Digital

The core of India’s digital transformation is UPI. Customers and businesses are gradually shifting away from cash as more people use UPI for everyday transactions. Small businesses are now able to expand, reach a wider audience, and investigate new markets thanks to this shift. 

7. Real-Time Payments for Better Speed

UPI sends money instantly from the buyer’s bank account to the seller. There are no delays, no middlemen. This speed is especially useful for small business owners who depend on a steady cash flow. Whether it’s paying suppliers or buying stock, quick payments help things run smoothly and avoid any cash crunch.

Challenges and Future Prospects of UPI

UPI has definitely changed the way people shop and pay online in India. But like any growing system, it still faces a few bumps. Many people in remote areas still struggle with internet access, basic digital skills, and there are also concerns about online security. These issues can slow down progress and limit how widely UPI can be used.

The good news is, things are improving. The government and tech companies are working on better internet access, stronger security, and awareness programs to help more people understand digital payments.

Looking ahead, UPI has huge potential. New updates like UPI 2.0 are bringing in features like overdraft options and invoice checks, making it more user-friendly. As technology keeps moving forward, UPI is set to play an even bigger role in shaping the future of e-commerce in India.

Data entry is stressful work. You have to fetch a bunch of information from many different sources, and that, too, with high accuracy. A single mistake and it’s point zero all over again.

Since our industries are becoming more competitive every day, the margin of error for data entry workers is becoming increasingly narrow. They cannot afford project overruns or delays, as they could potentially lose their jobs.

The only solution in such a dire situation is to utilize some useful online tools for your tasks, which can help you work more quickly and efficiently.

1.myBillBook

If you’ve freelanced before in any data-entry niche, then you might know that filling in numbers manually or invoicing is too cumbersome. 

To resolve this issue, we have tools like myBillBook. It is powerful invoicing software that can also be modified according to your convenience.

Key Features:

• Automatic Invoice Sharing: No need to tire your hands. With myBillBook, you can quickly share invoices with customers through WhatsApp or SMS. Thus, keeping them in the loop of all updates.

• Effortless GST Compliance: myBillBook easily makes your bills GST compliant, saving countless manual calculations and nuisances.

• Access the Tool from Anywhere: The tool allows you to handle multiple accounts from multiple device logins, keeping the workflow smooth.

Pricing:

The pricing for myBillBook starts at only ₹33/month. The tool also offers a 7-day trial to help you get accustomed to the software before purchase.

2.JPG to Excel Converter

Have vital information in images (JPG) form and want them to convert to your Excel sheet? Then look no further than the JPG to Excel converter.

Quickly complete your monthly/ biannual /annual budget estimates or complete other accounting tasks in a gist with this tool.

Key Features:

• Accurate Functionality: The JPG to Excel Converter bifurcates data into relevant rows and columns. No matter the nature of the source information (e.g., handwritten notes, printed documents, etc.), you will surely get accurate results. 

• Support for Multiple Languages: This tool supports English, Spanish, Portuguese, French, and Vietnamese.

• Privacy Protected: We understand your finances are important to you, which is why we recommend using this tool. It will keep your data safe and secure as it won’t be transmitted for training purposes.

Pricing:

Currently, the JPG to Excel Converter only allows uploading 1 image at once. If you want to increase this limit and unlock other perks, you will need to purchase a premium, starting at ₹676/month.

3. greytHR

Data entry spans various domains, and HR is one of them. As a data-entry professional, you might be tasked with calculating the payrolls or taxes of employees. However, doing so manually isn’t recommended for your workflow. 

Instead, you should get tools like greytHR to do such tasks. Quickly calculate salaries, pay slips, and audit-ready reports in a matter of a few clicks.

Key Features:

• Completely Cloud-Based: With greytHR, you don’t need to download and install anything. Simply use the tool online and complete your data-entry tasks with high efficiency.

• Accurate Payroll Calculations: This online tool calculates payrolls, taxes, PF, ESI, PT, TDS, etc., with utmost accuracy. Never stay a number off with greytHR at your side.

• Effective Employee Management: No need to manually transcribe employee information. Use greytHR for leave management, store crucial company data, and complete onboarding/offboarding workflows.

Pricing:

Although you could request a demo before buying the tool, there is no free usage for greytHR. Paid plans start at ₹35/month for each employee.

4.Trello

Trello is a powerful data entry tool for professionals looking to manage multiple tasks at the same time. 

This project management tool can allow you to see real-time updates on activities, making it easy to work with other team members for large-scale projects.

Key Features:

• Direct Integration with Popular Platforms: Trello directly integrates with other popular tools and software like Slack, Miro, and Chanty to name a few.

• Allocate Focused Time Slots for Activities: With this tool, you can work without worrying about managing time. Assign time slots for specific tasks and see their progress till completion.

• Task Automation: Automatically assign/deassign task cards to different group members. Do more in less time with Trello’s Butler AI.

Pricing:

Trello’s pricing starts at ₹425/month. Keep in mind that this price is only for the standard package and other packages are more expensive.

5. Zapier

It is quite common for data-entry professionals to follow a strict workflow without making any slip-ups. But, as humans, you know this is not possible. Repetitive tasks are bound to burn us out, making our work inaccurate or ineffective.

This is why it is necessary to utilize Zapier – an online tool made to automate workflows like a pro. It provides integration for over 7,000 apps, allowing ultimate convenience for data-entry tasks.

Key Features:

• Trigger-Based Movement: Navigate your workflow by defining different triggers. Quickly gather data from emails, spreadsheets, CRMs, etc., for efficiently completing lengthy accounting or financing tasks.

• Availability of Workflow Templates: No need to create workflows from scratch. Browse Zapier’s vast library of workflow templates to get started.

• Loaded with AI Capabilities: Utilize AI to comprehend and perform complex tasks and instantly boost growth for clients. 

Pricing:

You can use Zapier for free; however, it is without email support, webhooks, or other features. Paid plans start at ₹2621/month.

Conclusion

Data entry is a tough job, but it can be made easier with the help of the 5 useful online tools we discussed in this post.

These tools automate repetitive tasks and provide a lot of convenience in handling billing, invoicing, GST, taxes, task management, and payrolls for clients.

With that said, it is always recommended to cross-check the generated reports and documentation from automated tools to avoid any rare errors or mistakes in results.