India, Oct. 23 -- Neobanking startup Niyo Global slashed its FY25 net loss by about 55% to INR 77.8 Cr from INR 143.5 Cr loss incurred in the previous fiscal year.

The improvement in the bottom line is in line with a hefty uptick in the startup's operating revenue in the fiscal year under consideration. Its top line zoomed 32% to INR 123.4 Cr in FY25 from INR 93.8 Cr in the previous fiscal.

Founded in 2015 by Vinay Bagri (CEO) and Virender Bisht (CTO), Niyo offers digital banking services specifically for international travelers, students, and global professionals.

Their primary product is a zero forex markup card, which allows users to load Indian Rupees (INR) and spend in over 180 countries without incurring additional forex charges....