![]() ![]() It has a network of over 7000 corporate partners at present. ![]() Niyo also partners with corporates and distributes its products to their employees. ![]() We look forward to partnering with Niyo in changing the way India banks,” said Anand Daniel, partner at Accel. Vinay, Viren and team have built a fantastic product with a clear value prop for customers which is reflected in their phenomenal growth. “We are excited to back the fastest growing neo-bank in India, Niyo. Currently, Niyo allows users to invest in mutual funds, domestic stocks and pushes for goal-based investing. It had also acquired mutual fund startup Goalwise in July 2020. It claims to be adding close to 10,000 new users on a daily basis, and is aiming towards a 30 million user base, over the next four years.Īcquired Bengaluru-based startup Index to boost its wealth management platform. In the second half of the year, we will also look to add on to our insurance portfolio and introduce general, car and travel insurance products,” said Vinay Bagri, chief executive officer, and cofounder, Niyo Solutions in an interaction with ET.Īt present, Niyo has a base of 4 million users. Niyo will look at making 2-3 acquisitions this year, to help improve our capabilities around underwriting and collection. “We are looking to make our lending product live next month, which will revolve around personal loans, as well as buy-now-pay-later (BNPL) offerings.
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