NiYO raises the fintech pitch by launching SME banking, global forex card

Thirty-four-year-old Lakhan Yadav, who earns Rs 15,000 a month, had an account with a nationalised bank but he struggled to keep a minimum balance. When his SME employer offered him a zero-balance, digital salary account from a fintech start-up in tie-up with a private bank, he was more than happy. He could download the app and transact in his native language or use its speech-enabled feature.  Enabling this is the Bengaluru-based digital banking and fintech start-up NiYO Solutions, which recently raised $35 million in Series B funding led by Horizons Ventures, Tencent and JS Capita.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.