About Niro
Niro is a Financial Services company based in Bengaluru (India) founded in 2021 by Aditya Kumar and Sankalp Mathur. Provider of a platform for lending as a service management. Niro has raised $19.57 million across 6 funding rounds from investors including Alteria Capital, Z Nation Lab and Marui Group. The company has 35 employees. Niro was last valued at $33.14 million in April 2023. Its chief executive, as recorded, is Aditya Kumar. Its Indian entity Qfi Technologies Private Limited reported revenue of ₹39.62 Cr. Niro offers products and services including Personal Loan Service and Embedded Finance APIs. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Kissht, Stashfin and CASHe; 3 of its 3 listed competitors have raised funding.
Company details
Niro was founded in 2021 in Bengaluru, India, within the fintech sector focused on lending solutions. A platform is offered that allows consumer platforms to deliver financial services to end users. Point-of-sale financing is included to support retailers in extending credit options. Integrations are achieved via APIs and SDKs for seamless connectivity. An accompanying app is made available for Android and iOS devices.
- Headquarters Bengaluru, India
- Employees 35
- Founders Aditya Kumar, Sankalp Mathur
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website niro.money
- Social LinkedIn
- Legal Name Qfi Technologies Private Limited
- Date of Incorporation 15 Mar, 2021
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹39.62 Cr
FY 2024 · +277% YoY
- Net Loss-₹77.83 Cr
FY 2024 · -196% margin
- EBITDA-₹74.45 Cr
FY 2024 · -188% margin
- Total Equity Funding$19.57M (USD)
in 6 rounds
- Latest Funding Round$821.23K (USD), Series A
Dec 2024
- InvestorsAlteria Capital
& 36 more
- Employee Count35
Associated legal entities of Niro
Niro operates through Qfi Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Qfi Technologies Private Limited CIN U74999KA2021PTC145339 | Active | 15 Mar 2021 | Bengaluru, Karnataka | ₹39.6 Cr | 35 | 3 | View details |
Products & Services of Niro
Niro offers a comprehensive portfolio of products and services, including Personal Loan Service and Embedded Finance APIs.
Provides instant personal loans up to ₹7 lakhs with quick disbursement.
APIs for integrating credit offerings into apps for seamless transactions.
Funding Insights of Niro
Niro has successfully raised a total of $19.57M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $821.23 thousand completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $19.57M
- Total Rounds 6
- Last Round Series A — $821,225
- First Round $3.5M
(Sep 2021)
- Investors Count 37
All 6 funding rounds of Niro with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2024 | $821,225 | Series A | – | GMO Venture Partners, Z Nation Lab | |
| May 2024 | $4.3M | Series A | – | Suneight Investment | |
| Apr 2023 | $2.5M | Debt – Venture | – | – | |
| Apr 2023 | $8.5M | Series A | $33.14M | GMO Venture Partners, Rebright Partners | |
| Nov 2022 | $2.45M | Series A | $25.58M | Elevar Equity | – |
| Sep 2021 | $3.5M | Seed | $••••• | Elevar Equity, Lalit Chandra Reddy |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2023 | $33.14M | •••••••• |
| Nov 2022 | $25.58M | •••••••• |
| Sep 2021 | $••••• | •••••••• |
Full valuation and stage history of Niro
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $33.14M (Apr 2023). 37 investors in total: 18 institutional and 19 angel.
Investors in Niro
Niro has secured backing from 37 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Alteria Capital, Z Nation Lab and Marui Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investing in early growth for inclusive businesses in education, healthcare, and e-commerce. | 2006 | elevarequity.com | Bengaluru, India | |
Early-stage tech ventures in the US and Asia are funded. | gmo-vp.com | Shibuya, Japan | ||
Early-stage venture capital firm focusing on Asia regions. | 2008 | rebrightpartners.com | ||
Investments in multiple sectors are managed by ZNL Growth Fund. | ||||
Startup accelerator | 2016 | znationlab.com | Cupertino, United States | |
Tech investments are made stage-agnostically in Japan and the US. | sun-8.jp | Tokyo, Japan | ||
Venture debt financing is extended to companies across multiple sectors. | 2008 | innovencapital.com | Mumbai, India | |
Seed to late-stage venture capital investments are made in Japan. | msivc.co.jp | Tokyo, Japan | ||
Angel network focused on the fintech sector | 2020 | yatraangelnetwork.com | Mumbai, India | |
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India |
Investor details for Niro
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Board of directors of Qfi Technologies Private Limited (Niro)
Qfi Technologies Private Limited is the primary company behind Niro. The board of Qfi Technologies Private Limited currently have 2 directors; the longest-serving is Alok Kumar, appointed in 2025. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Alok Kumar DIN 02487716 | Director | 24 Jun 2025 | 1 yr 4 mo | Qfi Technologies Private Limited |
| Uma Kumar DIN 11575398 | Additional Director | 10 Mar 2026 | 8 mo | Qfi Technologies Private Limited |
People of Niro
9 people are tracked at Niro (4 in leadership, 5 in team); the tracked headcount is 35.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & CRO | Leadership | |
Pratikshit Sharma | Vice President - Business Growth And Strategy | Leadership |
Vinay Gurram | VP - Engineering | Leadership |
Shailendra Singh Baghel | Manager - Strategy, Finance & Corp Dev | Team |
Shakun Banthia | AVP Business | Team |
Harshitha Udupa | AVP - Accounting & Finance | Team |
Ravi Krishna Sharma | Engineering Manager | Team |
Divya Kiran | SDE 2 | Team |
Complete people profiles for Niro
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Niro
Figures of Qfi Technologies Private Limited, the primary company behind Niro, for FY 2024. Revenue was ₹39.62 Cr (+277% year on year). Net loss was -₹77.83 Cr (-196% margin). EBITDA was -₹74.45 Cr (-188% margin).
- ₹39.62 CrRevenue · FY 2024 · +277% YoY
- -₹77.83 CrNet loss · -196% margin
- -₹74.45 CrEBITDA · -188% margin
- ₹55.5 LakhPaid-up capital
- 35Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Qfi Technologies Private Limited are on its company page.
Detailed financial statements for Niro
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Niro
4 dated milestones of Niro across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Niro is founded.
- Funding First funding round of $3.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $821K.
Competitors of Niro
Niro has 3 listed competitors in our database, 3 of them funded. They include Kissht, Stashfin and CASHe.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kissht.com | 2015 | Mumbai, India | $132.57M | 265 | Personal, business, and property loans are provided by Kissht. | |
| stashfin.com | 2016 | Gurugram, India | $115M | 175 | Digital lending and instant credit lines are provided to individuals. | |
| cashe.co.in | 2016 | Mumbai, India | $33.57M | 4 | Online instant personal loans are provided to salaried professionals. |
Detailed competitors of Niro
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Web traffic of Niro
The website of Niro (niro.money) receives about 3.1K visits a month.
- Monthly visits3.1K
▼ 69.5% vs previous month
Websites whose visitors overlap most with Niro. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| payufin.in | 100% | 88.3K | #480,003 | View details |
Top companies in Alternative Lending
3 companies that operate in the same segment as Niro (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Niro
Complete news archive for Niro
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Frequently Asked Questions about Niro
Niro was founded in 2021.
Niro is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Aditya Kumar is the CEO of Niro, as recorded in our data. They have also founded this company.
Niro is a funded company, having raised a total of $19.57M across 6 funding rounds to date. The company's 1st funding round was a Seed of $3.5M, raised on Sep 2021.
Niro has 35 employees.
The primary company behind Niro, Qfi Technologies Private Limited, reported revenue of ₹39.62 Cr for FY 2024, up 277% year on year.
Niro was founded in 2021 in Bengaluru, India, within the fintech sector focused on lending solutions. A platform is offered that allows consumer platforms to deliver financial services to end users. Point-of-sale financing is included to support retailers in extending credit options. Integrations are achieved via APIs and SDKs for seamless connectivity. An accompanying app is made available for Android and iOS devices.
Niro offers Personal Loan Service and Embedded Finance APIs.
Niro has 37 investors. Key investors include Alteria Capital, Z Nation Lab, Marui Group, Elevar Equity, and InnoVen Capital.
The valuation of Niro is $33.14M as of Apr 2023.
Niro operates through Qfi Technologies Private Limited.