| Founded | 2015 |
|---|---|
| Closed | 2023 |
| Country | India |
| Sector | Fintech |
| Total raised | $100M+ |
| Collapse type | Slow Death |
| Founder | Vinay Bagri, Virender Bisht |
Niyo
"The Indian neobank for blue-collar workers raised $100M but couldn't survive the PhonePe and Paytm onslaught"
Years-long decline before final shutdown
Key Events Timeline
Niyo was a Bangalore-based digital bank focused on blue-collar workers and salary accounts in India, raising over $100 million including a $100 million Series C in 2021.
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