About Niyo
Niyo is a Financial Services 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 3 acquisitions, including Goalwise, Index and Kanji Forex. Its chief executive, as recorded, is Vinay Bagri. Its website goniyo.com draws about 281 thousand monthly visits. Niyo offers products and services including Niyo Debit Card, Niyo Credit Card, and Niyo App. Its focus areas include FinTech, Banking Tech, Internet First Banks and Through Bank Partnerships. Its competitors include Freo, Avail Finance and OneBanc Technologies; 3 of its 3 listed competitors have raised funding.
Company details
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.
Associated legal entities of Niyo
Niyo is associated with 4 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finnew Solutions Private Limited CIN U74900KA2015PTC084275 | Active | 23 Nov 2015 | Bangalore, Karnataka | ₹166 Cr | 408 | 6 | View details |
| Finnew Payments Private Limited CIN U72900KA2019PTC130359 | Active | 05 Dec 2019 | Bangalore, Karnataka, India | View details | |||
| Finnew Captech Private Limited CIN U72900KA2020PTC135559 | Active | 04 Jul 2020 | Bangalore, Karnataka | 2 | View details | ||
| Mercatus Commerce Private Limited CIN U62013KA2019PTC130359 | Active | 05 Dec 2019 | Bangalore, Karnataka | ₹41.9 Cr | 5 | 2 | View details |
Products & Services of Niyo
Niyo offers a comprehensive portfolio of products and services, including Niyo Debit Card, Niyo Credit Card, and Niyo App.
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.
Apps and channels of Niyo
Niyo publishes 2 mobile apps with over 1M+ downloads; its YouTube channel Niyo has 25.8K subscribers and 30 videos.
Videos from Niyo
The most watched videos on Niyo's YouTube channel, Niyo (25.8K subscribers). Click a video to play it here.
More on Niyo.
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 $179.35M
- Total Rounds 7
- First Round $150,000
(Jan 2016)
- Investors Count 10
All 7 funding rounds of Niyo 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 |
|---|---|---|---|---|---|
| Oct 2023 | Series C | – | Spring | – | |
| Jul 2022 | $30M | Series C | – | Multiples Alternate Asset Management | – |
| Feb 2022 | $100M | Series C | – | Accel, Lightrock India | |
| Jul 2019 | $35M | Series B | – | Horizons Ventures, Tencent | |
| Jan 2018 | $13.2M | Series A | – | – | |
| Jul 2016 | $1M | Seed | – | Prime Venture Partners | – |
| Jan 2016 | $150,000 | Seed | – | – | – |
10 investors in total: 10 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Marketing consulting and investments are provided for consumer startups. | springmarketingcapital.com | Bengaluru, India | ||
Investment partnerships, entrepreneur support, and profit-focused services in finance. | 2009 | multiplesequity.com | Mumbai, India | |
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Venture capital fund focused on tech startups | primevp.in | Bengaluru, India | ||
Fintech fund investing in growth-stage companies merging financial services and technology in India. | 2021 | beams.vc | Mumbai, India | |
Private equity firm focused on healthcare, renewable energy, education, and other sectors | 2019 | lr-india.com | Bengaluru, India | |
Horizons Ventures is focused on investing in deep science and technology. | horizonsventures.com | Hong Kong, China | ||
US focused VC firm investing in seed & growth stage companies | 2011 | socialcapital.com | Menlo Park, United States | |
Investment bank & advisory firm | jscapital.vc | Tel Aviv, Israel | ||
Value-added internet, mobile, and telecom services are provided in China. | 1998 | tencent.com | Shenzhen, China |
Investor details for Niyo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Niyo
The boards of the 3 registered companies of Niyo currently have 6 directors; the longest-serving is Vinay Bagri, appointed in 2015. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vinay Bagri DIN 07336955 | Director | 23 Nov 2015 | 10 yrs 11 mo | Finnew Solutions Private Limited, Finnew Captech Private Limited |
| Virender Singh DIN 07344028 | Director | 23 Nov 2015 | 10 yrs 11 mo | Finnew Solutions Private Limited, Finnew Captech Private Limited |
| Nithya Easwaran DIN 03605392 | Director | 16 Nov 2023 | 2 yrs 11 mo | Finnew Solutions Private Limited |
| Anand Daniel DIN 03441515 | Nominee Director | 20 Nov 2023 | 2 yrs 11 mo | Finnew Solutions Private Limited |
| Avinash Kumar Pandey DIN 10575563 | Director | 02 Apr 2024 | 2 yrs 7 mo | Mercatus Commerce Private Limited |
| Abhishek Tandon DIN 11363046 | Additional Director | 31 Oct 2025 | 1 yr | Mercatus Commerce Private Limited |
People of Niyo
88 people are tracked at Niyo (13 in leadership, 75 in team).
| Name | Role | Group |
|---|---|---|
Ashish Pachauri | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership | |
Gourav Kumar | Chief Financial Officer | Leadership |
Tushar Verma | Chief Business Officer - Mass & Affluent Banking | Leadership |
Jagadish B | Head of Human Resources | Leadership |
Amol M. | Regional Head | Leadership |
Chandrakesh Pandey | Senior Vice President And Head Of Engineering | Leadership |
Prasad Kakodkar | Director of Engineering | Leadership |
Shiv Kumar Meena | Director Of Engineering | Leadership |
Alok Kumar | Head - Information Security | Leadership |
Virendra Malvi | Head- Partnerships And Alliances- Niyo Global | Leadership |
Vivek Bagree | Head - Risk, Compliance & Audit | Leadership |
Pranita Shirsat | Senior Software Engineer | Team |
Pranesh gaikwad | Sales Officer | Team |
Sangeeta channigund | Senior Software Development Engineer Test | Team |
Raja Vinoth | Sales Manager | Team |
Ritesh Kumar | SDE 1 (nodejs) | Team |
Deepak Singh Rathor | Engineering Manager | Team |
Mangesh Hande | Data Engineer | Team |
68 more people are available in the full profile.
Complete people profiles for Niyo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
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Financials of Niyo
Figures of Finnew Solutions Private Limited, the primary company behind Niyo, for FY 2026. Revenue was ₹166 Cr (+31% year on year). Net loss was -₹32.63 Cr (-21% margin). EBITDA was -₹28.22 Cr (-18% margin). Revenue has grown at a compounded annual rate of +9% over three years and 0% over five years.
- ₹166 CrRevenue · FY 2026 · +31% YoY
- -₹32.63 CrNet loss · -21% margin
- -₹28.22 CrEBITDA · -18% margin
- ₹4.85 CrPaid-up capital
- 408Employees (provident fund records)
- +9%Revenue CAGR, 3 years
- 0%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Finnew Solutions Private Limited are on its company page.
Detailed financial statements for Niyo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Investments & Acquisitions by Niyo
Niyo has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Goalwise, Index and Kanji Forex.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Offers currency exchange, remittance, and doorstep services in India. | kanji.in | Mumbai, India | 0 | Aug 2025 | •••• | |
Personal finances are managed via an app-based platform for individuals. | getindex.co | Bengaluru, India | 2020 | Jun 2021 | •••• | |
Goal-based investing platform | goalwise.com | Delhi, India | 2015 | Jul 2020 | •••• |
Complete acquisition details for Niyo
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Niyo
6 dated milestones of Niyo across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Niyo is founded.
- Funding First funding round of $150K.
- Acquisition Acquires Goalwise.
- Acquisition Acquires Index.
- Funding Latest funding round, Series C,.
- Acquisition Acquires Kanji Forex.
Competitors of Niyo
Niyo has 3 listed competitors in our database, 3 of them funded. They include Freo, Avail Finance and OneBanc Technologies.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| freo.money | 2015 | Bengaluru, India | $46.31M | 177 | Digital banking services are offered to individual users. | |
| availfinance.in | 2017 | Bengaluru, India | $38.48M | 2 | Neobank for individuals | |
| onebanc.ai | 2019 | Gurugram, India | $8.34M | 34 | AI-powered online banking solutions are integrated with HR workflows. |
Detailed competitors of Niyo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Niyo
The website of Niyo (goniyo.com) receives about 280.5K visits a month and ranks #153,648 among all websites worldwide, #9,549 in Finance.
- Monthly visits280.5K
▼ 6.4% vs previous month
- Unique visitors160.8K
per month
- Global rank#153,648
among all websites
- Category rank#9,549
Finance · Finance
- Bounce rate45%
- Pages per visit2.6
- Average visit1 min 24 sec
- DevicesDesktop 33% · Mobile 67%
Websites whose visitors overlap most with Niyo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bookmyforex.com | 100% | 743.2K | #69,848 | View details | |
| idfcfirstbank.com | 76% | 3.9M | #11,461 | View details | |
| paisabazaar.com | 66% | 10.7M | #5,741 | View details | |
| aubank.in | 64% | 862K | #53,129 | View details | |
| razorpay.com | 62% | 34.9M | #1,536 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Niyo
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- 40 similar websites
- Audience overlap
- Engagement analytics
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Verified entity values are shown only after access is granted.
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Related news about Niyo
Complete news archive for Niyo
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Frequently Asked Questions about Niyo
Niyo was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Niyo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Vinay Bagri is the CEO of Niyo, as recorded in our data. They have also founded this 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 Seed of $150K, raised on Jan 2016.
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.
Niyo's top competitors include Freo, OneBanc Technologies and Avail Finance.
Niyo offers Niyo Debit Card, Niyo Credit Card, and Niyo App.
Niyo has made 3 acquisitions, including Goalwise, Index, and Kanji Forex.
Niyo has 10 investors. Key investors include Tencent, Accel, Social Capital, Beams Fintech Fund, and Multiples Alternate Asset Management.
Niyo is associated with 3 legal entities: Finnew Solutions Private Limited, Mercatus Commerce Private Limited, Finnew Captech Private Limited.
The legal entities of Niyo currently have 8 directors, including Vinay Bagri, Virender Singh, Nithya Easwaran and others.
Yes. Niyo publishes Niyo: Global cards for travel and 1 more app, with over 1 million downloads.