Indian neobank Niyo raises $100 million
India’s Niyo has raised $100 million in a new financing round as the consumer-facing neobank platform looks to add lending and insurance to its offerings and make deeper inroads in the world’s second largest internet market.
Accel and Lightrock India co-led the Bengaluru-headquartered startup’s Series C financing round. Existing investors Prime Venture Partners, JS Capital and Beams Fintech Fund also participated in the round, which brings the six-year-old startup’s all-time raise to about $150 million.
