Neobank Yelo raises funding from Matrix Partners, Omidyar, others

A woman holds a mobile phone in her hands. Photo: Pixabay

Personalized neobanking service Yelo said on Wednesday it has raised seed round funding from Matrix Partners India, Omidyar Network India, Flourish and current investor, Better Capital.

Yelo describes itself as a digital-only mobile-first neobank with a custom-made suite of financial products for remittance, healthcare, education, e-commerce, and day-to-day cash flow management.

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