Niyo Soonicorn
Bengaluru-based neobank offering digital savings accounts and banking services for salaried employees and international travellers, delivered in partnership with regulated banks such as DCB Bank and SBM Bank India. Its flagship products are the Niyo Bharat payroll/savings account and the Niyo Global zero-forex-markup travel card, alongside wealth-management offerings.
Niyo: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 19 Jul 2022 | Private Equity | $30 Mn | Multiples Alternate Asset Management | source |
| 23 Feb 2022 | Series C | $100 Mn | Accel Partners Lightrock India Beams Fintech Fund JS Capital LLC Prime Venture Partners | source |
| 9 Jul 2019 | Series B | $35 Mn | Horizons Ventures JS Capital LLC Tencent | source |
| 10 Jan 2018 | Series A | $13.2 Mn | Horizons Ventures JS Capital LLC Prime Venture Partners Social Capital | source |
| 1 Jul 2016 | Seed | $1 Mn | Prime Venture Partners | source |
Acquisitions
News on Niyo
No coverage of Niyo linked yet.
L Litmus · by Lapaas
Got an idea like this one? Validate it with the same 9-block framework, free.
Start Free ValidationFAQs on Niyo
Who founded Niyo?
Niyo was founded by Vinay Bagri, Virender Bisht in 2015.
How much funding has Niyo raised?
Niyo has raised $179.2 Mn across 5 tracked funding round(s), most recently on 2022-07-19. Figures are compiled from cited public sources.
Who are the investors in Niyo?
Investors in Niyo include Multiples Alternate Asset Management, Accel Partners, Lightrock India, Beams Fintech Fund, JS Capital LLC, Prime Venture Partners, Horizons Ventures, Tencent.
What does Niyo do?
Bengaluru-based neobank offering digital savings accounts and banking services for salaried employees and international travellers, delivered in partnership with regulated banks such as DCB Bank and SBM Bank India. Its flagship products are the Niyo Bharat payroll/savings account and the Niyo Global zero-forex-markup travel card,…
Where is Niyo headquartered?
Niyo is headquartered in Bengaluru, Karnataka, India.
What is Niyo's business model?
Niyo's core value proposition centers on Zero forex markup travel card, Digital savings accounts with banking partners, Tax-saving payroll benefits, "Invest the change" round-up investing.
How does Niyo make money?
Niyo's cited revenue streams include Lending products, Wealth management.