Beams Fintech Fund, India’s first growth-stage fintech fund, makes its first investment, Niyo, alongside Accel and Lightrock

The consumer neo-banking platform has raised funding to accelerate its mission to transform banking in India and to provide convenient and hassle-free financial services to digital native customers.

Niyo offers digital savings accounts, banking and wealth management products in partnership with other banks. One of the fastest growing consumer focused neo-banks in India today, Niyo adds over 10,000 users daily to its platform, processing over $3 billion of transactions on an annualised timeframe. It has served nearly 4 million customers and over 7,000 corporates till date.