Niyo's FY26 Revenue Up 80% to ₹158 Cr, Loss Shrinks 58%
Indian fintech Niyo reported an 80% year-on-year revenue increase to ₹158 Cr for FY26, alongside a 58% reduction in its net loss. The company attributes these improvements to operational efficiencies and growth in network services.
Indian digital banking services provider Niyo announced significant financial improvements for the fiscal year 2025–2026 (FY26). The company's parent, Finnew Solutions Pvt Ltd, saw its revenue surge by 80.1% to ₹158 crore from ₹87.8 crore in the previous fiscal year. Concurrently, its consolidated net loss narrowed by 58.1% to ₹32.6 crore, down from ₹77.9 crore.
Niyo attributes the reduced losses primarily to operational efficiencies, driven by the implementation of AI across customer service, operations, and product development. The substantial revenue growth, particularly from its network partner services which nearly doubled, also contributed to the improved financial standing. Total income for the fiscal year reached ₹178.5 crore, including other income.
Founded in 2015, Niyo offers digital banking solutions aimed at international travelers and students. Its product suite includes international debit and credit cards with zero forex markup, remittances, foreign currency exchange, and travel-related services like insurance and eSIMs. The company has secured nearly $180 million in funding to date from investors including Accel and Tencent.
Looking ahead, Niyo aims to maintain its growth momentum and work towards achieving EBITDA profitability. The company has also entered into a definitive agreement to acquire RemitX, the forex and cross-border payments business of Capital India Finance, for ₹11.4 crore. This acquisition is expected to further bolster its service offerings and market presence.