Novio - About the company
Novio is an unfunded company based in Mumbai (India), founded in 2020. It operates as a Provider of fixed deposit backed credit cards for digital payments. Novio has not raised any funding yet. The company has 19 active competitors, including 6 funded and 1 that has exited. Its top competitors include companies like American Express, OneCard and Uni Cards.
Company Details
Provider of fixed deposit backed credit cards for digital payments. These financial products allow individuals to obtain credit cards by maintaining a security deposit. The cards facilitate transactions through digital payment interfaces and reward users for spending. Users manage their accounts through a mobile application to track expenses and build credit history. The service connects individuals with banking institutions to issue credit cards without requiring traditional income documentation.
- Website
- www.novio.in/
- Social
- Email ID
- *****@novio.in
- Phone Number
- +91 **********
- Registered Address
- 1001, 10th floor, Classic Pentagon, Western Express Highway, Andheri (East), Andheri, Mumbai, Mumbai, Maharashtra, India, 400053
Key Metrics
Founded Year
2020
Location
Mumbai, India
Stage
Unfunded
Ranked
9th among 19 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
205 as on Aug 31, 2026
Similar Companies
Legal entities associated with Novio
Novio is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CREDILIO FINANCIAL TECHNOLOGIES PRIVATE LIMITED CIN: U72900MH2020PTC342791 , India, Active | Jul 28, 2020 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 89 (As on May 01, 2026) |
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Novio's funding and investors
Novio has not raised any funding rounds yet.
Novio's founders and board of directors
Founder? Claim ProfileNovio's employee count trend
Novio has 205 employees as of Aug 26. Here is Novio's employee count trend over the years:
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Novio's Competitors and alternates
Top competitors of Novio include American Express, OneCard and Uni Cards. Here is the list of Top 10 competitors of Novio, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | American Express 1850, New York City (United States), Public | Online comparison portal of financial products for individuals and businesses | - | 83/100 | |
2nd | Provider of metal credit cards with a mobile application interface | $262M | 75/100 | ||
3rd | Provider of a gold rewards credit card program | $104M | 66/100 | ||
4th | Platform enabling UPI payments via credit cards | $43M | 60/100 | ||
5th | Provider of UPI payment solutions and credit card based reward program | $35.9M | 54/100 | ||
6th | Provider of credit cards and cashback rewards via UPI transactions | $5.44M | 48/100 | ||
7th |  Pixel Cards 2021, India, Deadpooled | Credit cards for digital creators | $2.73M | 46/100 | |
8th | Galaxycard 2017, Gurugram (India), Seed | Smartphone-linked credit cards for consumers | $1.54M | 44/100 | |
9th | Provider of fixed deposit backed credit cards for digital payments | - | - | 39/100 | |
10th | Credit card provider | - | - | 36/100 |
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Novio's Latest cap tables and shareholding
Founders (largest shareholder) own 48.69%, Funds own 27.87%, Enterprises own 0.51% and Angels own 11.94%. The net worth of Novio's founders is INR 131Cr as of Mar 12, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 48.69% | 131Cr | 7814964 | 8106263 | 5406602 | 5111652 |
Fund | 27.87% | 75.2Cr | 7422985 | 9121677 | 3166440 | 6674897 |
Enterprise | 0.51% | 1.37Cr | 0 | 0 | 0 | 0 |
Angel | 11.94% | 32.2Cr | 5672898 | 4695620 | 7592097 | 7735017 |
Other People | 0.85% | 2.29Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 10.14% | 27.4Cr | 5613552 | 8738036 | 8979238 | 3140873 |
Total | 100.00% | 270Cr | 4052172 | 9860962 | 8319307 | 7498853 |
To unlock detailed Cap Table of Novio Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Novio's Shareholding
Novio's Investments and acquisitions
Novio has made no investments or acquisitions yet.
Reports related to Novio
Here is the latest report on Novio's sector:
News related to Novio
Media has covered Novio for a total of 3 events in the last 1 year.
•
Fintech Startup Novio Raises Rs 100 Cr in Series A Led by Cornerstone VenturesEntrackr•Apr 28, 2026•Shepherd's Hill Group, Cornerstone Ventures, Roots Ventures, Alteria Capital and 2 others
•
HyugaLife raises ₹100 crore in Series A round led by IvyCap VenturesViestories•Apr 28, 2026•FirstBridgeFund, HyugaLife, IvyCap Ventures, Optimized Electrotech and 5 others
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