Company overview
Niyo at a glance
Niyo was founded in 2015 by Vinay Bagri and Virender Bisht. The company initially built technology-led banking products and has increasingly focused on the needs of Indians travelling internationally. Niyo works with regulated banking partners to provide debit and credit-card products that can reduce or eliminate traditional foreign-exchange markup on eligible international transactions. The platform also provides money-management and wealth-related features. More recently, Niyo has expanded further into travel services such as flight bookings, visa-related services and travel insurance. The company itself is a fintech platform rather than a bank, so underlying banking and card products are provided through licensed financial partners. Its model therefore combines financial technology, partner-bank infrastructure and travel services to help Indian consumers manage money before and during international trips.