[Funding alert] London-based NayaOne Secures $4.7Million in Funding
Feb 29, 2024 | By Team SR
London-based NayaOne secures $4.7million in funding. This round was led by EJF Capital, with Valley Ventures, the corporate venture capital arm of Valley Bank and Carthona Capital also on board.
This investment is a testament to it’s growth and potential to transform financial services with its innovative sandbox-as-a-service platform.
NayaOne’s proven platform enables a radical reduction in technology adoption cycles within the finance sector. Financial institutions can now swiftly navigate the fintech landscape, fostering partnerships that were once hindered by traditional, slow-moving processes.
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This is particularly relevant today, as a mere 5% of banks choose to develop tech in-house, highlighting the growing reliance on external fintech innovations for strategic advancements.
The timing of it’s platform aligns perfectly with the industry’s urgent shift towards digital transformation, offering flexibility and speed for revenue growth, customer retention, or crisis recovery.
Valley Ventures’ Managing Partner, Neal Kapur sheds light on the tangible edge NayaOne provides: “Our collaboration has dramatically streamlined how we vet fintech vendors, positioning us well ahead in the Digital Transformation and AI race.”
Dean Dorrell of Carthona Capital, reflecting on their early bet with this being their second round with NayaOne, adds, “Watching NayaOne’s journey from an early-stage hopeful to a fintech trailblazer has been nothing short of inspiring. This round is a launchpad for what’s next.”
With its latest funding, NayaOne is poised to redefine finance services. As everything moves to being digital first, it’s technology enables FIs to achieve their strategic outcomes by successfully navigating through the chaos and complexity of vendor technology.
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About NayaOne
Financial services innovation is revolutionized by the multi-award-winning NayaOne. utilizing their Digital Transformation Platform to offer a single point of entry to hundreds of fintechs, datasets, Digital Sandboxes, and Fintech-as-a-Service solutions. Instead of months, regulated businesses may find, develop, assess, and grow with fintechs in a couple of weeks.