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Niyo trims losses; revenue drops 28.6% in FY24

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Bengaluru-based fintech startup Niyo Global, also known as Finnew Solutions, saw a 28.6% decline in revenue, reporting Rs 93.84 crore in FY24 compared to Rs 131.44 crore in the previous fiscal year. The company also reduced expenses, resulting in a total loss of Rs 143.47 crore in FY24, down 18.96% from the previous year's loss of Rs 177.03 crore. Niyo Global focuses on digital banking solutions and has raised funding from investors such as Accel, Lightrock, and Prime Venture Partners.