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Niyo profile

Who owns Niyo?

traditional · Bengaluru, IN · Partner-bank model · custody: Custodial

short answerNiyo is not itself a bank. It runs on a partner-bank (BaaS) model and works with SBM Bank India and Equitas Small Finance Bank — the licensed banks that actually hold customer deposits behind the app. Niyo's most notable disclosed backers include Accel, Prime Venture Partners, Tencent and Lightrock.

Is Niyo a licensed bank?

No — a partner bank (SBM Bank India and Equitas Small Finance Bank) holds the money. Licence detail: Partner banks (SBM Bank India, DCB Bank) — RBI-regulated issuers; no own licence.

Where is your money held?

Custody model: Custodial.

Niyo runs on: SBM Bank India (BIN sponsor bank) · Equitas Small Finance Bank (BIN sponsor bank) · M2P Fintech (BaaS middleware). Full stack on the infra map.

Who's behind Niyo?

Niyo was founded by Vinay Bagri, Virender Bisht (2015), headquartered in Bengaluru, IN.

Early investors

Notable venture and strategic investors from Niyo's publicly disclosed funding rounds (~$180M raised).

Accel ↗ Prime Venture Partners ↗ Tencent ↗ Lightrock ↗

Is my money safe with Niyo?

Your money is held by SBM Bank India and Equitas Small Finance Bank, so any deposit insurance flows through that sponsor bank — not Niyo itself. Check the sponsor's scheme and whether balances are "passed through" for per-customer insurance.

go deeperSee the full Niyo profile with every verified field, or Niyo alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.