Niyo FY26: Revenue Zooms 80% YoY to ₹158 Cr, Loss Narrows 58%

In the fiscal year 2025-26, fintech startup Niyo reported an impressive surge in revenue, increasing by 80.1% to ₹158 crore, while its consolidated net loss was reduced by 58.1% to ₹32.6 crore. This improvement in financial performance was primarily driven by operational efficiencies and strategic partnerships, particularly with AI-powered solutions in customer service, operations, marketing, and product development.

Niyo's total income for the fiscal year amounted to ₹178.5 crore, including other income and gains of ₹20.7 crore. The company's EBITDA loss narrowed significantly by 60% to ₹32 crore in FY26 from ₹77 crore in the previous year. Niyo's CFO, Gourav Kumar, expressed confidence in the company's growth momentum and plans to become EBITDA positive soon, highlighting the robust balance sheet and deeper partnerships with banking partners.

The soonicorn, founded in 2015 by Vinay Bagri and Virender Bisht, offers digital banking services to international travelers and students. Its flagship product is a zero forex markup card that allows users to load Indian Rupees and spend them in over 180 countries through partnerships with DCB Bank, SBM Bank, and Visa. Niyo's revenue also diversified beyond its core travel offerings, with growing contributions from forex cash, remittances, flights, hotels, experiences, international eSIMs, and insurance.

Despite rising expenses by 19.2% to ₹212.7 crore in FY26, Niyo's financial performance remained robust, with a notable increase in gross revenue from service sales of 52% to ₹187.6 crore from ₹123.4 crore in the previous year. The company's diversification efforts and improved customer acquisition and onboarding have contributed to the overall growth and stability of the business.