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# Indian neo-bank startup Niyo raises $30 million in funding
- URL: https://www.techloy.com/indian-neo-bank-startup-niyo-raises-30-million-in-funding/
- Published: 2022-07-20T08:28:51.000Z
- Updated: 2022-12-08T00:24:05.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, neobank, Tech in India

[Niyo,](https://www.goniyo.com/) an India-based neo-bank startup providing financial services has raised $30 million in its new funding round from Multiples Alternate Asset Management, a private equity firm. 

- The fund will be invested in improving its products, increasing its user base, hiring new talents, and advancing its brands.
- Niyo offers digital banking including savings accounts and other banking services in partnerships with banks.
- It currently services over 4 million users across digital banking and wealth management in India.
- It has raised $165 million in total since its launch.