Announced
Completed
Financials
Sources
Tags
India
payroll management services
Minority
Completed
Friendly
Acquisition
Private Equity
Cross Border
Venture Capital
Private
FinTech
Synopsis
Accel, a venture capital firm, and Lightrock, a global private equity company, India led a $100m Series C funding round in Niyo, a developer of a payroll management platform, with participation from Prime Venture Partners, JS Capital and Beams Fintech Fund. “We are excited to back the fastest growing neo-bank in India, Niyo. Vinay, Viren and team have built a fantastic product with a clear value prop for customers which is reflected in their phenomenal growth. We look forward to partnering with Niyo in changing the way India banks,” Anand Daniel, Accel Partner.
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