NiYO is a fintech company that helps salaried employees and blue-collar workers access company benefits and other financial services.

NiYO aims to disrupt the digital payment ecosystem by putting more money in the pockets of consumers, our vision is to make payments smarter, simpler and safer.

NiYO was founded in 2015 by Vinay Bagri and Virender Bisht. The company is headquartered in Bangalore, Karnatka with an office in Mumbai, India.

Niyo provides digital savings accounts and other banking services to largely salaried individuals in India. It works with banks to help them deliver a more modern and expansive user experience and features.

Niyo also operates a wealth management product to help users invest in mutual funds and domestic equities. Some of its most popular features include zero percent forex markup and something called “invest the change,” which rounds up a customer’s spendings and invests a part of it.

Niyo has amassed over 4 million customers across its banking and wealth management products. The company is adding over 10,000 new users each day and is processing more than $3 billion of transactions on an annualized time frame.

NiYO is backed by Accel, Tencent, Lightrock India, Social Capital, Horizon Ventures, Prime Ventures Partners, JS Capital, Beams Fintech Fund, Multiples Alternate Asset Management, and others. The company raised $30M in new financing on Jul 19, 2022. This brings NIYO's total funding to $179.2M to date.