# Niro: Financial services, Bengaluru, India

> Niro: Niro is a private limited digital lending company based in Bangalore, India. Based in Bengaluru, India. Founded 2021.

Source: https://millionrounds.com/startup/niro (Millionrounds; every figure on the page links to its filing or article)

India · [Financial services startup](https://millionrounds.com/companies)

# Niro

Niro is a private limited digital lending company based in Bangalore, India.

Funding reported Last round: Series B

Financial services Bengaluru, India

Company summary

- **Founded:** 2021 5 years old
- **Team:** 89 51 to 200 people
- **Funding reported:** 18.8M as listed, currency not stated
- **Last round:** Series B May 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Niro has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Niro

Niro is a private limited digital lending company based in Bangalore, India.

It specializes in consumer lending by offering pre-approved personal loans with high disbursal rates. Niro provides unsecured loans ranging from ₹10,000 to ₹50 lakh, allowing users to access funds without the need for collateral. The application process is straightforward, enabling users to complete eligibility checks and upload documents online for instant approval and disbursal. Niro targets individuals aged 21 to 60 years, including both salaried and self-employed professionals. The company is particularly accommodating to those with lower credit scores, making it a suitable option for individuals who may face challenges securing loans from traditional banks. Niro aims to transform the lending experience by providing accessible financial solutions tailored to a diverse customer base.

## What company datasets say Niro raised

Funding, as reported

Reported in all **18.8M** in the source's currency

Rounds **4**

Last round **Series B**

Last round size **20M**

Last round date **May 2024**

Investors listed **14**

## On 2 portfolio pages

Investors who name them

- [CAC CAPITAL](https://millionrounds.com/fund/cac-capital)
- [GMO VenturePartners](https://millionrounds.com/fund/gmo-venture-partners)

Each firm lists Niro on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

credit lines user experience customer engagement instant disbursal technology credit product customization pre-approved credit digital credit journeys digital credit platform information technology & services seamless journeys credit management financial services finance credit products api integration disbursal rates

Built with from their website

WordPress.org Google Workspace Google Meet MySQL Mobile Friendly Wordpress.com GoDaddy Domains Amazon AWS Wordpress DoubleClick

+6 more

Google AdSense Nginx Mixpanel PHP GoDaddy Hosting Gmail

- **Sector:** Financial services
- **Industry code:** NAICS 52239, 522310, 541512
- **Region:** Karnataka
- **Revenue:** 1.1M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/niro)

## Financial services in India

Startups like it

- [**KreditBee** Bengaluru · founded 2018 *Raised*](https://millionrounds.com/company/kreditbee)
- [**CoinDCX** Mumbai · founded 2018 *Raised*](https://millionrounds.com/company/coindcx)
- [**Navi** Bengaluru · founded 2018 *Raised*](https://millionrounds.com/company/navi)
- [**Scapia** Bengaluru · founded 2022 *Raised*](https://millionrounds.com/company/scapia)
- [**Khatabook** Bengaluru · founded 2018 *Raised*](https://millionrounds.com/company/khatabook)
- [**KredX** Bengaluru · founded 2015 *Raised*](https://millionrounds.com/company/kredx)
- [**Turtlemint** Mumbai · founded 2015 *Raised*](https://millionrounds.com/company/turtlemint)
- [**Upstox** Mumbai · founded 2009 *Raised*](https://millionrounds.com/company/upstox)

## Is this your company?

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