Niyo Overview
- Year Founded
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2015
- Status
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Private
- Employees
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613
- Latest Deal Type
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2ndary - Private
- Investors
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14
Niyo General Information
Description
Operation of a digital banking platform intended to offer forex services and simplify financial services through technology. The company's platform provides products, including digital banking keys, prepaid forex cards, and mobile banking apps, enabling salaried employees and international travelers to load funds in rupees and spend across countries with no forex markup fee.
Contact Information
Website
www.goniyo.comCorporate Office
- 8th Floor, Unit Number G-801 to G-824, Gamma Block, Sigma Soft Tech Park
- Ramagondanahalli Village, Varthur Hobli, Whitefield, Bangalore South
- Bengaluru, Karnataka 560066
- India
Corporate Office
- 8th Floor, Unit Number G-801 to G-824, Gamma Block, Sigma Soft Tech Park
- Ramagondanahalli Village, Varthur Hobli, Whitefield, Bangalore South
- Bengaluru, Karnataka 560066
- India
Niyo Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Secondary Transaction - Private | Completed | Generating Revenue | ||||
| 6. Later Stage VC | 20-Oct-2023 | Completed | Generating Revenue | |||
| 5. Later Stage VC (Series C) | 19-Jul-2022 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series B) | 09-Jul-2019 | Completed | Generating Revenue | |||
| 3. Early Stage VC (Series A) | 10-Jan-2018 | Completed | Generating Revenue | |||
| 2. Seed Round | 19-Jul-2016 | $1M | $1M | Completed | Generating Revenue | |
| 1. Accelerator/Incubator | 06-Jun-2016 | Completed | Generating Revenue |
Niyo Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C-3 | ||||||||
| Series C-2 | ||||||||
| Series C | ||||||||
| Series C-1 | ||||||||
| Series B | ||||||||
| Series A | 6,883,763 | $0.000010 | $0.12 | $2.01 | $2.01 | 1x | $2.01 | 19.92% |
| Seed | 3,700,000 | $0.000010 | $0.01 | $0.21 | $0.21 | 1x | $0.21 | 10.71% |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Niyo Comparisons
Industry
Financing
Details
Niyo Competitors (84)
One of Niyo’s 84 competitors is Airpay Payment Services, a Formerly VC-backed company based in Mumbai, India.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Airpay Payment Services | Formerly VC-backed | Mumbai, India | ||||
| PayOnline System | Formerly VC-backed | Moscow, Russia | ||||
| Viafintech | Formerly VC-backed | Berlin, Germany | ||||
| MoneyGram | Private Equity-Backed | Dallas, TX | ||||
| Mercado Pago Instituição de Pagamento | Private Debt Financed | Osasco, Brazil |
Niyo Related Research & Analysis
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Majestic Referring Domains
Niyo Investors (14)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| MGA Ventures | Family Office | Minority | ||
| Spring Marketing Capital | Venture Capital | Minority | ||
| 100Unicorns | Accelerator/Incubator | Minority | ||
| Accel | Venture Capital | Minority | ||
| Alteria Capital | Venture Capital | Minority |
Niyo Acquisitions (5)
Niyo’s most recent deal was a Merger/Acquisition with Capital India Finance (RemitX Forex Exchange Business) for . The deal was made on 31-Aug-2026.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Capital India Finance (RemitX Forex Exchange Business) | 31-Aug-2026 | Merger/Acquisition | Other Financial Services | ||
| Kanji Pitamber Forex | 13-Aug-2025 | Merger/Acquisition | Brokerage | ||
| Olyv | 20-Jun-2022 | Merger/Acquisition | Consumer Finance | ||
| Index (Financial Software) | 10-Jun-2021 | Merger/Acquisition | Financial Software | ||
| Goalwise | 28-Jul-2020 | Merger/Acquisition | Other Financial Services |
Niyo Affiliates
Subsidiaries (3)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Index (Financial Software) | Bangalore, India | 2020 | |
| Olyv | Bengaluru, India | 2015 | |
| Kanji Pitamber Forex | Mumbai, India | 1935 |
Niyo FAQs
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When was Niyo founded?
Niyo was founded in 2015.
-
Where is Niyo headquartered?
Niyo is headquartered in Bengaluru, India.
-
What is the size of Niyo?
Niyo has 613 total employees.
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What industry is Niyo in?
Niyo’s primary industry is Other Financial Services.
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Is Niyo a private or public company?
Niyo is a Private company.
-
What is Niyo’s current revenue?
The current revenue for Niyo is .
-
How much funding has Niyo raised over time?
Niyo has raised $179M.
-
Who are Niyo’s investors?
MGA Ventures, Spring Marketing Capital, 100Unicorns, Accel, and Alteria Capital are 5 of 14 investors who have invested in Niyo.
-
Who are Niyo’s competitors?
Airpay Payment Services, PayOnline System, Viafintech, MoneyGram, and Mercado Pago Instituição de Pagamento are some of the 84 competitors of Niyo.
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