| Founded | 2015 |
|---|---|
| Closed | 2024 |
| Country | India |
| Sector | Fintech |
| Collapse type | Mass Layoff Spiral |
Niyo Solutions
"Indian neo-bank for salaried workers that raised $190M and was squeezed by HDFC, Axis Bank digital and Fi."
Cascading layoffs that accelerated the decline
Key Events Timeline
Niyo raised $190M to build a neobank for Indian blue-collar and salaried workers, offering salary accounts with better UX and forex products.
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