India, Feb. 11 -- Fintech startup Olyv has raised $23 Mn (about Rs.208.5 Cr) in its Series B round led by Nandan Nilakeni-backed The Fundamentum Partnership, with participation from SMBC Asia Rising Fund - the venture capital arm of Japanese banking group Sumitomo Mitsui Banking Corporation.

Olyv, which provides digital loans and other financial solutions, will utilise the funds to expand its product suite by introducing new offerings across segments like insurance, UPI and business loans. It will also focus on strengthening its brand identity and tech stack further, along with scaling the core business through geographic expansion.

"This round will help us scale the business, strengthen our liability partnerships, and expand our produc...