Accel and Lightrock India led a $100m Series C funding round in Niyo.

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.