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Niyo

646

Digital banking platform for blue-collar workers.

Cross-border Payments
Neobanking
Active

Founded

2015

Team Size

300

Total Funding

₹259 Cr

Valuation

₹1,660 Cr

About

Digital banking platform for blue-collar workers.

Unique Selling Proposition

Core Differentiator

Purpose-built digital banking for India's underserved blue-collar workforce with zero-balance accounts and salary-linked financial products

Target Market

Blue-collar workers and gig economy employees

Key Innovation

Salary account aggregation with embedded cross-border remittance and spend management for underbanked segments

Competitive Moats
🌐Network Effects
Medium

Employer partnerships create multi-sided network connecting companies, employees, and financial services

🔒Switching Costs
Medium

Salary account linkage and integrated payroll make switching cumbersome for both employers and employees

🧠Data/AI Moat
Medium

Transaction and salary data enables better underwriting for credit products to underbanked segments

💰Cost Advantage
Medium

Digital-first model with lower CAC through B2B2C distribution via employers rather than pure consumer acquisition

Funding Snapshot
Free preview

₹84.7 Cr

Total Raised

3

Rounds

Series C

Latest · Feb 27, 2026

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Full Funding History

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Funding History

Latest Round

2020-01-01

₹74.7 Cr

Investors

Various Investors

Series C

Feb 27 2026

N/A

Series C

Feb 27, 2026

₹10 Cr

Details

Location

Bengaluru, Karnataka

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Financial Metrics

Growth Rate

47%

Funding Rounds

3

VedAI Score
646/1000
Developing

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