# Fintech lending firm Olyv has raised $23 million in funding.

*fintech · news · 2026-02-11 · Moneycontrol*

## Key points

- Olyv raised $23 million in Series B from Fundamentum Partnership and Sumitomo Mitsui's SMBC Asia Rising Fund.
- Olyv has reported net profit for 11 consecutive quarters up to March 2025.
- The company plans to expand into insurance distribution, UPI payments, and business loans with this funding.
- Olyv aims to scale to 10 crore users and over $1 billion in assets under management.
- This is the final investment from Fundamentum’s Fund II, closing the fund’s fintech bets.

**Companies:** SMBC Asia Rising Fund, Olyv
**Countries:** India, Japan

[Read the full story on Moneycontrol](https://www.moneycontrol.com/technology/lending-startup-olyv-raises-23-million-from-nandan-nilekani-s-fundamentum-and-smbc-asia-fund-article-13822613.html)

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