Olyv Secures $23M from Fundamentum, SMBC Asia Fund for Expansion

• Fintech lending firm Olyv raised $23 million in Series B funding from Nandan Nilekani’s The Fundamentum Partnership and Japan’s SMBC Asia Rising Fund.
• The Bengaluru-based company, focusing on credit in tier 2 cities, plans to expand into insurance, UPI payments, and business loans.
• Olyv has over 10 million app downloads, 2 million monthly active customers, and has disbursed over 7 million loans worth Rs 100 billion.
• The company reported Rs 3.4 billion in revenue and Rs 260 million in net profit for FY25, with 11 consecutive quarters of net profit.
• Founded in 2016, Olyv aims to scale its user base to 100 million, achieve $1 billion in assets under management, and prepare for a public listing.