City-based digital banking startup NiYO Solutions has raised $35 million in a Series B funding round from Horizons Ventures, Tencent and existing investor JS Capital, the company said on Tuesday.
NiYO is founded by banking veteran Vinay Bagri and technology veteran Virender Bisht. NiYO had previously raised $14 million in funding rounds led by Prime Venture Partners. After the current round, the total amount of fund raised by NiYO stands at around $49 million.
