Fintech Credilio has raised ₹100 crore in Series A to expand its UPI-first fixed deposit credit card app, novio. Launched in 2024, it targets underserved “credit invisible” users via FD-backed cards linked to UPI, offering rewards with brands like Swiggy and Flipkart. Credilio plans to scale to 5 lakh users across Tier II to V cities and later launch unsecured cards with YES Bank.
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