NayaOne has announced a $4.7 million funding round led by EJF Capital, with Valley Ventures (the corporate venture capital arm of Valley Bank) and Carthona Capital also on board. This funding is a testament to NayaOne’s growth and potential to transform financial services with its innovative sandbox-as-a-service platform.
NayaOne’s platform enables a radical reduction in technology adoption cycles within the finance sector. And financial institutions can now swiftly navigate the fintech landscape, fostering partnerships that were once hindered by traditional, slow-moving processes. This is especially relevant as just 5% of banks choose to develop tech in-house, highlighting the growing reliance on external fintech innovations for strategic advancements.
The timing of NayaOne’s platform works perfectly with the industry’s urgent shift towards digital transformation, providing flexibility and speed for revenue growth, customer retention, or crisis recovery.
With this latest funding round, NayaOne is poised to redefine finance services. And as everything moves to being digital first, NayaOne’s technology enables FIs to achieve their strategic outcomes by successfully navigating through the chaos and complexity of vendor technology.
KEY QUOTES:
“It’s about more than just growth; it’s about setting the pace in a sector that’s fundamentally rethinking how it evolves”
– Karan Jain, CEO of NayaOne
“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.”
– EJF Ventures’ Michael Cherepnin
“Our collaboration has dramatically streamlined how we vet fintech vendors, positioning us well ahead in the Digital Transformation and AI race.”
– Valley Ventures’ Managing Partner Neal Kapur
“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.”
– Dean Dorrell of Carthona Capital
