Niyo Soonicorn

Niyo Global offers zero percent forex markup on international card spending for outbound Indian travellers.

Niyo provides digital savings accounts and banking services in partnership with banks, layering technology over existing banking infrastructure.

Niyo was created to help salaried employees increase take-home pay by claiming tax-saving allowances on the CTC disbursed by employers.

A feature that rounds up spending and invests the difference, part of Niyo's wealth-management offering.

Initial focus on salaried and blue-collar workers, helping them claim tax-saving allowances and manage payroll benefits via corporate tie-ups.

Niyo Global targets Indian travellers going abroad, offering zero forex markup cards for cross-border spending.

Niyo Bharat targets people earning less than Rs 20,000/month working at small and medium enterprises, aiming to open accounts for employees of small enterprises.

Niyo's core product is delivered through its mobile app for account management, card control, and wealth features.

Niyo distributes payroll and savings accounts through corporate partnerships, working with HR teams at client companies to onboard salaried employees.

Digital savings accounts and cards are distributed jointly with partner banks such as DCB Bank and SBM Bank India.

The DCB Niyo Savings Account is offered by DCB Bank Ltd as an interest-earning savings account with a DCB Niyo Debit Card carrying zero forex mark-up.

The Niyo Global Card is issued in association with SBM Bank (India) as a zero forex mark-up VISA debit card for travellers.

Niyo partnered with YES Bank to offer salary accounts and payroll cards, including the YES BANK NiYO Benefits Card.

Niyo planned to launch lending products, including loans of about ₹70,000 ($930), the month following its Series C announcement.

Niyo offers wealth-management products including mutual funds and domestic equities investments, run as the Niyo Wealth vertical following its acquisition of Goalwise.