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Niyo Narrows Losses To INR 143.47 Cr, Revenue Declines 28.6% In FY24

  • Neobanking startup Niyo Global reported a decline in operating revenue to INR 93.84 Cr in FY24, down 28.6% from the previous year.
  • The company narrowed down its net loss by 18.95% to INR 143.47 Cr in FY24.
  • Lower overall expenses contributed to the reduction in losses, with expenses falling by 20.3% in FY24.
  • Niyo offers banking solutions tailored to customers and raised a total of $179 Mn in funding.

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