Neo-banking Firm Niyo Raises $35 Mn From Horizons Ventures, Tencent, Others | Business Standard News
Existing investor JS Capital among participants in Series B round; NiYO mulls expanding into international markets, particularly EMs. : Digital banking start-up NiYO Solutions has raised $35 million in Series B funding round from Horizons Ventures, Tencent and existing investor, JS Capital. The Bengaluru-based company would use the funding to accelerate the development and rollout of new product offerings and expand distribution and marketing. The firm said it would also explore expanding into international markets, particularly in emerging economies which offer similar opportunities for digital disruption through the “neo-bank” concept.