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After Raising $20 Mn, Fintech Startup Niro Shuts Operations


SUMMARY

Bengaluru-based fintech startup Niro has shut operations due to regulatory challenges and lack of capital

Founded in 2021 by Kumar and Sankalp Mathur, Niro provided embedded credit solutions and allowed consumer businesses to embed customised credit offerings to drive revenue growth

Niro’s cofounder Aditya Kumar said that the startup had 170 Mn users at its peak and an AUM of $100 Mn in just over 24 months from its launch

Bengaluru-based fintech startup Niro has shut…



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