Alternatives to Setu in India
We list 8 alternatives to Setu. 6 are built in India. 6 have a free plan. None of them states a price we can show in rupees, so each price below says where the number comes from or that there is none.
Why people look for an alternative to Setu
- Bills in rupees: “INR billing through Indian entity”.
- We could not read a monthly price for Setu that we can quote. It may be priced by usage or by quote, so a team that needs a budget figure has to ask the vendor or work it out from its own volume.
Setu and 8 alternatives at a glance
| Tool | From, a month | Free plan or tier | Our score | Bills in ₹ | Built in India |
|---|---|---|---|---|---|
| Setu (the one you are replacing) | Not stated | No | 20 / 100 | Yes | Yes |
| Credgenics | Free plan; paid price not stated | Yes | 40 / 100 | Yes | Yes |
| M2P Fintech | Free plan; paid price not stated | Yes | 40 / 100 | Yes | Yes |
| FinBox | Free plan; paid price not stated | Yes | 20 / 100 | Not checked | Yes |
| Cashfree Payments | Not stated | No | 20 / 100 | Yes | Yes |
| Finvu | Free plan; paid price not stated | Yes | 20 / 100 | Not checked | Yes |
| Decentro | Not stated | No | 10 / 100 | Not checked | Yes |
| Perfios | Free plan; paid price not stated | Yes | 50 / 100 | Yes | – |
| RazorpayX | Free plan; paid price not stated | Yes | 30 / 100 | Yes | – |
The alternatives, one by one
Credgenics Built in India
Best for: Noida-built SaaS debt collections and resolution platform — founded 2018 by Rishabh Goel (CEO). Suits startups.
Free plan; paid price not stated. Built in India. Bills in rupees: “INR billing through Indian entity with 18% GST — clean procurement”. Gives a GST invoice. Our score: 40 out of 100 (5 of 8 checks read).
M2P Fintech Built in India
Best for: Chennai-built Asia-leading Banking-as-a-Service, Card Issuance and Lending OS platform. Suits startups.
Free plan; paid price not stated. Built in India. Bills in rupees: “Indian-founded; Chennai HQ; INR billing through Indian entity; RBI-compliant infra”. Gives a GST invoice. Our score: 40 out of 100 (5 of 8 checks read). Vendor pricing page.
FinBox Built in India
Best for: Bengaluru-built credit-decisioning and lending-infrastructure platform. Suits startups.
Free plan; paid price not stated. Built in India. Our score: 20 out of 100 (3 of 8 checks read).
Cashfree Payments Built in India
Best for: Fast-growing Indian payment gateway with instant settlements. Suits E commerce and marketplaces.
Not stated. Built in India. Bills in rupees: “INR billing — no forex complexity”. Our score: 20 out of 100 (3 of 8 checks read). Side by side: Setu vs Decentro vs Cashfree: API.
Finvu Built in India
Best for: NBFC-licensed Account Aggregator · Pune-built · now owned by Finfactor (rebrand from Cookiejar Technologies. Suits startups.
Free plan; paid price not stated. Built in India. Our score: 20 out of 100 (4 of 8 checks read). Vendor pricing page.
Decentro Built in India
Best for: Indian banking API aggregator for fintechs. Suits Indian fintech startups and neobanks.
Not stated. Built in India. Our score: 10 out of 100 (2 of 8 checks read). Side by side: Decentro vs. Setu vs. Bureau: Indian KYC · Setu vs Decentro vs Cashfree: API.
Perfios
Best for: India's profitable fintech-data unicorn. Suits startups.
Free plan; paid price not stated. Bills in rupees: “INR billing + GST invoice + Input Tax Credit is standard”. Keeps data in India: “data residency is India-domestic”. Gives a GST invoice. Our score: 50 out of 100 (6 of 8 checks read).
RazorpayX
Best for: Razorpay's business-banking layer — a current account, payouts API, payroll, corporate cards. Suits startups.
Free plan; paid price not stated. Bills in rupees: “Pricing & plans. This vendor does not publish list prices”. Our score: 30 out of 100 (4 of 8 checks read). Vendor pricing page.
Before you switch
- Billing: ask each vendor whether it invoices in rupees with GST. Where we have not read the answer, the table says “Not checked”, not “No”.
- Data: exports differ. Try one real export from Setu into the new tool on a free plan before you pay for a year.
- Price: a monthly figure is for one seat or the entry plan. Work out your own number of users, and read the vendor page linked under each tool.
- Indian-built options are marked on the table and shown first. They are not better for that reason alone; they are easier on rupee billing, GST invoices and support in your time zone.
Compare Setu side by side
Other alternatives pages
How this page is made
This page is built by a script from the same files as our tool pages, so it changes when a price, a score or an India-fit answer changes. Alternatives are picked by what we list for Setu (its curated alternatives, the same use case and sub-category, shared tags and the compare pages we have), then ordered with Indian-built tools first, then by our score. A tool is left out when we have fewer than five real matches. Prices come from each vendor's own pricing page as read on our tool pages; the dates above are the days we read them. We may earn a commission on some vendor links elsewhere on the site; it does not change the order here. How the score works.