Travel banking fintech Niyo received strategic investment from Spring Marketing Capital

Spring Marketing Capital has provided strategic funding to travel banking fintech platform Niyo.

Spring Marketing Capital will assist Niyo in the travel banking industry as part of this partnership by assisting with the overall brand strategy, partnerships, and campaigns.

Niyo, which was co-founded in 2015 by Vinay Bagri and Virender Bisht, operates in the global banking and mass banking sectors. Niyo Global, one of their flagship products for global banking, offers banking for travelers from around the world.

In collaboration with DCB Bank, Equitas Small Finance Bank, and State Bank of Mauritius, Niyo provides these digital banking services. Niyo states that it currently has 4 million customers.

Accel, Lightrock, and Multiples led the $130 million Series C round that Niyo closed. Prime Venture Partners, Horizons Ventures, Tencent, JS Capital, Social Capital, and Beams Fintech Fund are some of its additional backers.

Niyo has sales locations in more than 20 states and union territories and runs its business out of corporate headquarters in Bengaluru.