novio
novio is a company based in India. Builders in Fintech has recorded 1 equity round for novio: a round of INR 1B on 29 April 2026.
Added ·
- INR 1B
- Unnamed round · INR 1B · 29 April 2026
Timeline
Unnamed round · INR 1B
All funding rounds in the database
Product
Fixed deposit-backed RuPay credit cards with UPI rewards for Indian consumers
Consumer credit and BNPL
Markets: India
novio is an Indian consumer credit card brand owned by Credilio. Users open a small fixed deposit, starting at ₹2,000, and receive an instant virtual RuPay credit card that works with UPI. The site says no income proof or credit score is needed and that the cards are lifetime free. Cards are issued with partner banks under the names SBM novio Select, DCB novio Go, IOB novio Select and YES BANK novio. Spending earns novio coins, with 5% on UPI payments, and the coins can be exchanged for brand vouchers. The company positions the card as a way to build a credit history. Credilio describes itself as an authorised distributor of credit cards and personal loans for 25+ banks and NBFCs.
Agent-Ready: not yet assessed · How we check
Description from the company website · Source