Chimoney to be acquired four weeks after announcing shutdown
Chi Technologies Inc., the parent company of Chimoney, the Canada-based cross-border payment infrastructure startup that announced its shutdown in May,…
Tag: shutdown
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,…
Exclusive: Fintech startup Cushion shuts down after 8 years and over $20 million in funding
Cushion, a fintech startup that described itself as the “Plaid for buy now, pay later (BNPL),” has shut down. On…