# Bengaluru-based fintech firm, Olyv, has raised $23 million in its Series B funding round.

*fintech · news · 2026-02-11 · Outlook Business*

## Key points

- Olyv has raised $23 million in Series B funding led by Fundamentum Partnership.
- SUMITOMO Mitsui Banking Corporation's venture arm, SMBC Asia Rising Fund, also participated in this round.
- Olyv plans to expand into insurance, UPI-based services, and business loans with the new funds.
- Olyv targets growing its user base to 100 million and surpassing $1 billion AUM by FY29.

**Companies:** Fundamentum Partnership, Sumitomo Mitsui Banking Corporation, Olyv
**Countries:** India, Japan

[Read the full story on Outlook Business](https://www.outlookbusiness.com/start-up/investors/fintech-firm-olyv-raises-208-cr-funds-from-infosys-co-founder-nilekani-japans-smbc)

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