Cogniquest AI secures ELEVATE 2025 recognition from Karnataka Government
By Vriti Gothi Today AI Cogniquest AI Cross Border Payments Cogniquest AI has been recognised as a winner of ELEVATE…
Tag: Fintech news
Flutterwave acquires open banking startup Mono
By Vriti Gothi Today Africa AI Cross Border Payments Flutterwave has acquired Nigerian open banking startup Mono in an all-stock…
Weekly Startup Roundup: IPO Rush, Big Funding & AI Bets Power India’s Startup Ecosystem
India’s startup ecosystem had a defining week as companies across sectors signalled readiness for scale, public markets, and global ambitions.…
Indian Startup News on Instagram: “Fintech lending startup Niro has officially shut down operations after raising $20 million in funding, disbursing $200 million in loans, and partnering with 30 companies over 4.5 years. Co-founder and CEO Aditya Kumar shared the update on LinkedIn, expressing surprise at the closure. “As a first-mover that saw scale quickly, I did not see this coming. We had done impossible: hired incredible teams, raised high-quality capital, while convincing large consumer internet platforms and industry-leading lenders to work with us to unlock value at scale,” he wrote. Niro reached $100 million in assets under management (AUM) within 24 months of launch and saw over 170 million users flow through its platform at its peak. However, Kumar cited regulatory pushback on personal lending, capital constraints, and challenges in pivoting business models as key reasons for the shutdown. #business #shutdown #entrepreneur #lending #startups #news #bengaluru #indianstartupnews”
Fintech lending startup Niro has officially shut down operations after raising $20 million in funding, disbursing $200 million in loans,…