Fintech firm Novio raises Rs 78 crore led by Cornerstone Ventures

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Fintech startup Credilio Financial Technologies has secured Rs 78 crore in funding led by Cornerstone Ventures, alongside Rs 23 crore in venture debt. The company aims to expand its customer base from one lakh to 50 lakh within three years, targeting underserved segments in tier II and smaller towns with its unique fixed-deposit-backed credit cards.