Fintech startup Niyo’s parent company, Finnew Solutions Pvt Ltd, reported an 80.1% year-on-year revenue increase to ₹158 crore in the financial year 2025-26 (FY26), while its consolidated net loss narrowed by 58.1% to ₹32.6 crore, according to inc42.com. The company attributed these improvements to operational efficiencies driven by AI across customer service, operations, marketing, and product development.
Niyo’s total income, including other income of ₹16.2 crore and other gains of ₹4.2 crore, reached ₹178.5 crore in FY26, up from ₹87.8 crore in FY25. The startup also reduced its EBITDA loss by 60% to ₹32 crore from ₹77 crore the previous year. CFO Gourav Kumar highlighted the company’s robust balance sheet and stronger partnerships with banking partners, which provide flexibility to invest further in technology and products.
Founded in 2015 by Vinay Bagri and Virender Bisht, Niyo offers digital banking services targeting international travelers and students. Its product suite includes zero forex markup cards, international debit and credit cards, remittances, forex cash, travel insurance, and eSIMs. The zero forex markup card allows users to load Indian Rupees and spend in over 180 countries, positioning Niyo in the growing digital banking and fintech sector.
Niyo’s focus on AI-led operational gains contributed significantly to its improved financials in FY26, as the company aims to maintain growth momentum and achieve EBITDA profitability soon, CFO Gourav Kumar stated.