With its sandbox-as-a-service platform, NayaOne has the ability to promote innovation in financial services, and this investment highlights the company's strong development trajectory.

The platform helps financial institutions to quickly navigate the fintech landscape and cultivate partnerships that were previously hampered by traditional processes. It is aimed to significantly reduce the cycles of technology adoption in the finance industry.

The solution from NayaOne provides flexibility and speed for revenue development, client retention, and crisis recovery, in line with the industry's growing emphasis on digital transformation.

Karan Jain, CEO of NayaOne, says the fundraising round represents a big chance for the company to take the lead in changing the financial services industry.

"It's about leading the way in an industry that is essentially rethinking how it develops; it's about more than just growth," he said.

It has been nothing short of inspiring to watch NayaOne's development from an early-stage hopeful to a fintech trailblazer, according to Dean Dorrell of Carthona Capital, which had backed the company in a prior round. The next round is being launched from this one.