Novio raises Rs 100 crore Series A to expand UPI linked credit cards and AI credit advisory

AI credit advisory is coming to Novio’s UPI stack

Fintech startup Novio has raised Rs 100 crore in a Series A led by Cornerstone Ventures, with support from several investors including Shepherd’s Hill Private Equity and Innoven Capital. The funding will expand its distribution into Tier II cities, accelerate product development, and build AI credit advisory features on its UPI-linked credit card platform. Novio claims it has crossed one lakh active cardholders.