Friday, 24 March, 2023

Neobank Niyo secures $100M as it tops 4M users

<p>Indian neobank platform, Niyo has raised $100M in funding which was led by Accel and Lightrock India. Niyo serves as a platform for largely salaried individuals to maintain a digital savings platform and also provides several banking services. Co-Founder of Niyo, Vinay Bagri said that the platform has reached 4M users with 10,000 new users joining everyday. The company also announced that starting next month, they will offer loans in the range of Rs70,000.<br /> &nbsp;</p>