Neobanking startup Niyo has raised $30 million from private equity firm Multiples Alternate Asset Management. The company raised $100 million in its Series C funding round in February 2022, led by Accel and Lightrock India. Niyo, founded in 2015 by Virender Bisht and Vinay Bagri, offers banking services in partnership with banks such as Yes Bank, ICICI Bank, among others.