Founded
2015
Users
1M+
Total Funding
$181M
Employees
500-1000
🏢 Company Overview
Headquarters
Bangalore, India
CEO
Vinay Bagri
Founder
Vinay Bagri, Virender Bisht
Total Funding
$181M
Users
1M+
Pricing
freemium
Rating
★ 4.2
AML Compliant
DICGC up to 5 lakh
ℹ️ About Niyo
Niyo is a digital banking platform offering multicurrency accounts and global banking solutions. In partnership with SBM Bank and DCB Bank, Niyo provides salary accounts, travel cards with zero forex markup, and seamless international remittances.
Features include Niyo Global card for overseas spending, Niyo BHim for savings, instant account opening, and rewards on every transaction. Popular among frequent travelers and NRIs.
⚡ Key Features
Zero-balance savings account
Virtual debit card
High interest rates on savings
Personal loans (digital)
EPF tracking
Mutual fund investments (0% commission)
💪 Strengths & Weaknesses
5 Pros
5 Cons
💪
Strengths
What it does well
Paperless instant account opening
Best-in-class savings interest rates
Zero maintenance charges
Free online transfers
Personalized financial insights
⚠️
Weaknesses
Areas to improve
Recent user complaints on frozen accounts
Unresponsive customer service
Limited loan products vs traditional banks
Digital-only increases cyber risks
Dependent on banking partners
💬 User Reviews
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⭐ External Ratings
🔗 External Resources
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4.2 ★