Last updated: May 1, 2024
- Brand NameNiyo
- HeadquarterBengaluru
- No. of Employees553
- Industry
Fintech
- Founded Year 2015
- Company StatusActive
- Highlights
- Total Funding₹1319.65 Cr
- Funding Rounds7
- Number of Acquisitions2
- FY 2022-23 Revenue₹138.35 Cr
- FY 2022-23 Loss-₹177.03 Cr
About Niyo
Niyo is an Indian Fintech company leading innovations in Travel and Finance. With over 6 million users already on board, There aim is to make both travel and managing finance simpler, smarter and safer. Since its inception in 2015, Niyo has been at the forefront of revolutionising banking with continued digital innovation.
Business Model of Niyo
Travel banking fintech platform Niyo has two lines of business – global banking and mass banking. Its global banking flagship product Niyo Global provides banking for international travelers. The company offers these digital banking services in partnership with DCB Bank, Equitas Small Finance Bank, and State Bank of Mauritius.
Key People/Management
Show allVB
Vinay BagriCo-Founder & CEO
VB
Virender BishtCo-Founder & CTO
TV
Tushar Verma CBO
VB
Vinay BagriDirector
VB
Virender BishtDirector
Top Competitors
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Latest News
- Niyo’s revenue surges 2.8X to Rs 131 Cr in FY23Dec 12, 2023
- Fintech firm Niyo rolls out 2nd ESOP planSep 15, 2022
- Neobanking startup Niyo bags $30 Mn in a new roundJul 19, 2022
- Neobanking startup Niyo raises $100 Mn led by Accel and LightrockFeb 24, 2022
- Niyo’s scale dwindles during FY21; incurs Rs 80 Cr lossDec 2, 2021
- Niyo acquires personal finance app IndexJun 10, 2021
- Niyo receives Rs 45 CR from its parent entity; valuation reaches Rs 1020 CrAug 14, 2020
- OkCredit, NiYO and BharatPe apply for NBFC licenceJan 31, 2020
- Fintech startup NiYO raises $13.2 Mn from existing and new investorsJan 10, 2018