NayaOne, a company at the forefront of FinTech innovation, has successfully secured $4.7m in funding.
This round of investment was led by EJF Capital, alongside contributions from Valley Ventures, the corporate venture capital arm of Valley Bank, and Carthona Capital.
NayaOne’s platform represents a seismic shift in technology adoption within the finance sector. It offers financial institutions a much-needed agility to explore and integrate FinTech innovations quickly, moving away from the traditionally slow and cumbersome processes. This capability is especially crucial today, as the industry moves towards digital transformation and external partnerships to drive growth and innovation, with only a small fraction of banks opting to develop technology in-house.
The company’s sandbox-as-a-service platform is designed to facilitate rapid digital transformation, enabling financial institutions to enhance their revenue growth, customer retention, and resilience in times of crisis. NayaOne’s approach to easing the integration of new technologies and fostering partnerships is timely, aligning perfectly with the industry’s shift towards a more digital, agile, and customer-centric model.
The recent funding will be channelled into further development and expansion of NayaOne’s platform. This includes broadening the scope of its services and reinforcing its position as a key player in the financial services technology ecosystem.
NayaOne aims to empower financial institutions to navigate the complex FinTech landscape more effectively, ensuring that they can meet their strategic objectives and adapt to the rapidly evolving digital environment.
NayaOne CEO Karan Jain highlighted the importance of the funding round, stating, “We’re still in the early stage of a tech revolution in banking and capital markets, and NayaOne stands out as the critical infrastructure enabling the next big leap forward.”
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