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Results · Financial Services

Niyo income rises 78% to ₹178 crore

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Niyo logo
Date
Company
Niyo
What it does
Travel fintech
Kind
Results
Amount
₹178 Cr
Based in
Bengaluru
Founded
2015
Sector
Financial Services

What they do

Niyo is a travel fintech selling forex cards, remittances, flights, hotels, eSIMs and insurance, with its own forex licence

What happened

Income grew 78% to ₹178 crore in FY26 while the loss fell 58% to ₹33 crore

Why it matters

Niyo credits AI use across support and operations, and expects over 50% yearly growth while it moves toward profit

The details

  • Income rose 78% to ₹178 crore.
  • Loss fell 58% to ₹33 crore.
  • EBITDA loss nearly halved to ₹32 crore.
  • Operating expenses rose 20% to ₹201 crore.

The bigger picture

  • Better efficiency is narrowing losses.
  • Selling more products to existing users lifts revenue.

About the business

  • Niyo is an Indian fintech that offers digital banking, travel money and expense tools for individuals and businesses.
  • It is best known for travel cards and forex (foreign currency) services for people who spend abroad.
  • Its customers are mainly young travellers and everyday app users, with over 6 million users on board.
  • It earns money from fees on payments, cards and forex services; its forex arm Kanji Forex has been expanding.
  • Revenue grew about 78% to ₹178 crore in the year to March 2026, with the loss cut to ₹33 crore.

What happens next

  • Keep growth above 50% a year.

Founders

  • Vinay Bagri, Co-founder and CEO
  • Virender Bisht, Co-founder and CTO

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