Credilio
Co-branded credit cards for 400M+ non-carded Indians
Mumbai, India · Founded 2020 · $17.8M raised
- Headquarters
- Mumbai
- Employees
- 51–200
- Founded
- 2020
- Business Model
- B2B2C
- Website
- credilio.in
- Total Funding
- $17.8M
- Last Round
- $10.5M Growth EquityApr 2026
- Rounds
- 4
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Credilio Financial Technologies (operating its consumer brand as 'novio') is a Mumbai-based fintech company founded in 2020 that enables credit access for over 400 million non-carded Indians through co-branded and secured credit cards. The platform digitizes the distribution of personal finance products via a nationwide agent network, partnering with banks including SBM, DCB, and YES BANK to issue fixed deposit-backed RuPay credit cards that require no credit score or income proof. Credilio raised a ₹100 crore ($14.4M) Series A in April 2026 from Cornerstone Ventures and Ashra PE Fund, and had previously raised $17.8M in total funding. The company serves both B2B distribution partners and B2C end consumers seeking first-time credit access.
Summary
Credilio is a Fintech company based in Mumbai, India, founded in 2020. It has raised $17.8M in total across 4 rounds, most recently a $10.5M Growth Equity round in Apr 2026. Investors include Cornerstone Ventures, InnoVen Capital and Alteria Capital.
Tech & App Stack
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Funding History
Apr 2026
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Funding: Seed through Growth Equity. Amounts, valuations, and investors where available.
Investors
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