FinTech news in open category

The startup said it is looking to launch three new products — revenue-based financing Flo, early settlement card offering Settl and working capital lending Capital — in the coming months to further broaden its offerings. Existing backers Tiger Global, Temasek and 3one4 Capital also participated in the round.

Niyo co-founder and chief executive Vinay Bagri told journalist in an interview that the startup has amassed over 4 million customers across its banking and wealth management products. India 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.