About Niyo
Niyo is a company based in Bengaluru (India) founded in 2015 by Ashish Pachauri, Vinay Bagri, and Virender Bisht.. Niyo has raised $179.35 million across 7 funding rounds from investors including Tencent, Accel and Social Capital. Niyo has completed 2 acquisitions, including Goalwise and Index. Niyo offers products and services including Niyo Debit Card, Niyo Credit Card, and Niyo App. Niyo operates in a competitive market with competitors including Freo, Avail Finance, OneBanc Technologies, Fyp Money and RapiPay, among others.
- Headquarter Bengaluru, India
- Founders Ashish Pachauri, Vinay Bagri, Virender Bisht
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Products & Services of Niyo
Niyo offers a comprehensive portfolio of products and services, including Niyo Debit Card, Niyo Credit Card, and Niyo App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Debit card for international transactions with zero forex markup.
Credit card offering no fees on foreign currency spends.
App for managing card balances and transactions abroad.
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Funding Insights of Niyo
Niyo has successfully raised a total of $179.35M across 7 strategic funding rounds. 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 Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(20 Jan 2016)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2023 | Amount | Series C - Niyo | Valuation | Spring |
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| Jul, 2022 | Amount | Series C - Niyo | Valuation | Multiples Alternate Asset Management |
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| Feb, 2022 | Amount | Series C - Niyo | Valuation | Accel , Lightrock India |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Niyo
Niyo has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Tencent, Accel and Social Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Marketing consulting and investments are provided for consumer startups.
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Founded Year | Domain | Location | |
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Investment partnerships, entrepreneur support, and profit-focused services in finance.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Niyo
Niyo has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Goalwise and Index. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Personal finances are managed via an app-based platform for individuals.
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2020 | ||||
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Goal-based investing platform
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Niyo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Niyo Comparisons
Competitors of Niyo
Niyo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Freo, Avail Finance, OneBanc Technologies, Fyp Money and RapiPay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital banking services are offered to individual users.
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| domain | founded_year | HQ Location |
Neobank for individuals
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| domain | founded_year | HQ Location |
AI-powered online banking solutions are integrated with HR workflows.
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| domain | founded_year | HQ Location |
Digital banking services for teenagers are offered via mobile app.
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| domain | founded_year | HQ Location |
Agent-based payment solutions for businesses are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Niyo
Frequently Asked Questions about Niyo
When was Niyo founded?
Niyo was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Niyo located?
Niyo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Niyo?
Vinay Bagri is the current CEO of Niyo. They have also founded this company.
Is Niyo a funded company?
Niyo is a funded company, having raised a total of $179.35M across 7 funding rounds to date. The company's 1st funding round was a Series C of $100M, raised on Jan 20, 2016.
What does Niyo do?
Online platform for wealth management. It offers a savings and investments platform. It allows users to make investments in the financial market. It also features in-built robo-advisory, mutual fund management, and goal-based advisory tools and a banking platform for business.
Who are the top competitors of Niyo?
Niyo's top competitors include Freo, OneBanc Technologies and Avail Finance.
What products or services does Niyo offer?
Niyo offers Niyo Debit Card, Niyo Credit Card, and Niyo App.
Who are Niyo's investors?
Niyo has 10 investors. Key investors include Tencent, Accel, Social Capital, Beams Fintech Fund, and Multiples Alternate Asset Management.
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