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Fintech startup Niro has officially shut down after operating for four and a half years, founder Aditya Kumar announced in a social media post.
The closure comes despite the company having raised around $20 million over its lifetime from investors including Elevar Equity, GMO Venture Partners, Rebright Partners, Mitsui Sumitomo Insurance VC, and Innoven Capital.
Founded in 2021 by Kumar and Sankalp Mathur, Niro was a B2B2C platform that helped consumer internet companies become consumer finance enablers by offering loans. It used to offer loans…
