Niyo

The Reserve Bank of India (RBI) recently ordered State Bank of Mauritius (SBM)’s Indian subsidiary SBM Bank (India) Ltd to stop processing any international remittances under the liberalised remittance scheme (LRS) after discovering…

Several Indian fintechs continue to be impacted by the Reserve Bank of India’s order earlier this week asking State Bank of Mauritius (SBM) India to stop all transactions under the liberalised remittance scheme (LRS) until further…

Fintech startup Niyo raised the largest amount this week as the funding winter continued to loom over the startup ecosystem. Eka Care and Fitterfly landed the second and third largest amounts, respectively, capping off a quiet week for…

Consumer-focused fintech platform Niyo has raised $30 million from private equity firm Multiples Alternate Asset Management. Niyo had raised $100 million in its Series C round from and Lightrock India in February. It has raised $180…

Bengaluru: Neobanking platform, Niyo, on Thursday said that it has raised $100 million as a part of its new funding round, led by Accel and Lightrock India. The round also saw participation from Beams Fintech Fund. Existing investors Prime…

Data centre company Princeton Digital Group (PDG), health-tech startup MediBuddy, Neobanking platform Niyo were among the startups that raised funds this week. Data centre firm Princeton Digital Group raises over $500 million Data centre…

Hours before Russian President Vladimir Putin launched an invasion of Ukraine on Thursday morning, a destructive piece of software had already begun taking down the country’s digital infrastructure, wiping data from hundreds of infected…

NEW DELHI: With the introduction of norms for silver exchange traded funds (ETFs), investors will be able to invest in silver in a more liquid manner and can help in diversification of the portfolio, experts said on Sunday. The Securities…

Neobanks bridge the gap between the services that traditional banks offer and the evolving expectations of customers in the digital age. They are changing the face of and could one day eclipse traditional banks. Many might confuse neobanks…