novio secures ₹100 crore in Series A funding to drive growth and support 50 lakh card issuances, bolstered by deepening bank partnerships and product development.
Amount Raised
₹1 Billion
Round Type
Series A
IndiaFinancial ServicesFinanceFintechLendingInvestors
Description
novio, India's UPI-first fixed deposit credit card app, has announced a ₹100 crore Series A funding round. This investment aims to support the company's target of issuing 50 lakh cards over the next three years. The growth will be fueled by partnerships and product development. The leadership team has been realigned to strengthen the organization as it scales.
Quick answer
novio raised ₹1 Billion in a Series A round, dated August 20, 2026. Investors: Roots Ventures and Cornerstone Ventures. novio is based in India.
- How much did novio raise?
- novio raised ₹1 Billion in a Series A round on August 20, 2026.
- Who invested in novio?
- Roots Ventures and Cornerstone Ventures are named as investors in this round.
- What does novio do?
- novio is India's UPI-first fixed deposit credit card app, powered by Credilio Financial Technologies.
- Where is novio based and how big is it?
- novio is based in India. Fundz records about 13 employees.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as novio that raised within 45 days of this round, from Fundz verified event records.
- Seeds Fincap Pvt. Ltd raised $10M (Series B) on October 1, 2026.
- Jeeves raised $110M on September 29, 2026.
- Mona raised $3.5M (Seed) on September 28, 2026.
- Duqu raised $1.7M (Pre-Seed) on September 24, 2026.
- NG.CASH raised $15M on September 23, 2026.
- National Bank of Canada raised $595M on September 20, 2026.
Who to call at novio, and when
A new round usually means novio is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day novio raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at novio, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at novio. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment novio raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Funding Insights
What this usually meansnovio raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.