FINO PayTech Ltd. announced that it has received INR 1,490,000,000 in a round of equity funding on January 11, 2017. The transaction included participation from returning investor ICICI Lombard General Insurance Company Limited for INR 180,000,000, new investor ICICI Prudential Life Insurance Company Limited (BSE:540133) for INR 1,000,000,000, both acquiring total stake of 10% in the company, and two domestic strategic institutional investors. The domestic strategic investors invested INR 310,000,000 and acquired minority stake in the company.

The company reported total revenue of INR 1,892,600,000 and total common equity of INR 2,834,100,000 for the year ended March 31, 2016.