Tag: neo-bank

Tencent-backed neo-bank Niyo acquires wealth management startup Goalwise

Fintech startup Niyo Solutions Inc., which operates neo-bank Niyo recently announced that it has acquired mutual funds-focussed investment platform Goalwise in a cash-and-stock deal for an undisclosed amount. The recent acquisition by Niyo comes as it looks to expand its offerings into the wealth management space. Backed-by Tencent, Niyo said that it has picked up…

Kaleidofin raises Rs 36cr in series A funding round

Kaleidofin Private Limited, India’s first neo-bank for the informal sector customer, has raised Rs 360 million in series A funding round led by Oikocredit. Existing investors include Flourish, and Omidyar Network India . The company was founded by Sucharita Mukherjee and Puneet Gupta in 2017. It is understood that the company will utilize these funds…