When was Niro founded?

Niro was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Niro located?

Niro is headquartered in Bengaluru, India. It is registered at 17/1 BHARAT APARTMENTS, 44/1 FAIR FIELD LAYOUT,RACE COURSE ROAD, Bangalore, Bengaluru, Karnataka, India, 560001.

Who is the current CEO of Niro?

Aditya Kumar of Niro. They have also founded 1 company.

Which legal entities is Niro associated with?

Niro is associated with QFI TECHNOLOGIES PRIVATE LIMITED.

How many employees does Niro have?

As of Aug 31, 2025, Niro has 289 employees, reflecting a 7% year-over-year decline in headcount.

Is Niro a funded company?

Niro is a funded company, having raised a total of $19.6M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 08, 2021.

How much is Niro worth?

The last known valuation of Niro was $***** as of Apr 01, 2025.

When was the latest funding round of Niro?

Niro's latest funding was a $***** Series A round on Dec 09, 2024, with participation from 6 investors. Its primary sector is Alternative Lending. In India, the Alternative Lending sector has seen $636M in funding in 2026 to date.

What is the annual revenue of Niro?

Annual revenue of Niro is ₹23.1Cr as on Mar 31, 2025.

Where does Niro rank among its competitors?

Niro ranks 34th amongst 274 active competitors, of which 44 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was True Balance, which secured $10M in Mar, 2026.

Who are the top competitors of Niro?

Niro's top competitors include Tala, Finnable and axio. Among them, True Balance secured the most recent funding round in March, 2026.

Niro - 2026 Company Profile, Team, Funding, Competitors & Financials

Niro is a deadpooled company based in Bengaluru (India), founded in 2021 by Sankalp Mathur and Aditya Kumar. It operates as a Provider of a platform for lending as a service management. Niro has raised $19.6M in funding from investors like Elevar Equity, GMO Venture Partners and Suneight Investment, with last known valuation of $*****. The company has 274 active competitors, including 44 funded and 8 that have exited. Its top competitors include companies like Tala, Finnable and axio.

Company Details

Provider of a platform for lending as a service management. It provides users with a platform that offers a solution that enables consumer platforms to provide financial services to the end customers. It also features a point-of-sale financing solution that enables retailers to provide financing options to the end customers. It uses APIs and SDKs for integrations. Its app is available for Android and iOS users.

Website: niro.money
Email ID: *****@niro.money
Phone Number: +91 **********
Registered Address: 17/1 BHARAT APARTMENTS, 44/1 FAIR FIELD LAYOUT,RACE COURSE ROAD, Bangalore, Bengaluru, Karnataka, India, 560001

Key Metrics

Founded Year

2021

Location

Bengaluru, India

Stage

Deadpooled

Total Funding

$19.6M in 6 rounds

Latest Funding Round

Series A, Dec 09, 2024, $*****

Last Known Valuation

$***** as on Apr 01, 2025

Investors

Elevar Equity & 37 more

Ranked

34^th among 274 active competitors

Annual Revenue

₹23.1Cr as on Mar 31, 2025

Employee Count

289 as on Aug 31, 2025

Similar Companies

Uala & 685 more

View Niro's full profile

Niro is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
QFI TECHNOLOGIES PRIVATE LIMITED CIN: U74999KA2021PTC145339 , India, Active	Mar 15, 2021	$2.74M (As on Mar 31, 2025)	80 (As on Apr 01, 2025)

Niro has raised a total funding of $19.6M over 6 rounds. Its first funding round was on Oct 08, 2021. Its latest funding round was a Series A round on Dec 09, 2024 for $*****. 6 investors participated in its latest round. Niro has 19 institutional investors and 19 angel investors.

Here is the list of recent funding rounds of Niro:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 09, 2024	8620641	Series A	3564502	1572303	3406425	7671320
Apr 17, 2024	5895225	Series A	8073079	2737060	7936027	Elevar Equity & 10 more
Apr 26, 2023	2122190	Venture Debt	3837375	6436843	5586934	Innoven Capital

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View details of Niro's funding rounds and investors

The founders of Niro are Sankalp Mathur and Aditya Kumar. Aditya Kumar is the CEO of Niro.

Here are the details of Niro's key team members:

Sankalp Mathur: Co-Founder & CRO of Niro. They serve on the board of 1 company.
Contact Info: 1 email address
Aditya Kumar: Co-Founder & CEO of Niro. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

Niro's Board of Directors

Niro's board has 3 active members. Sankalp Mathur and Aditya Kumar are part of team and Mahesh Payannavar is independent board member.

Here is the list of Niro's board of directors:

Name	Type	Representing	Status	Duration
Sankalp Mathur	Team	-	Current	4y 9m
Aditya Kumar	Team	-	Current	5y 1m
Mahesh Payannavar	Independent board member	-	Current	2y 2m
jwftrkm	Independent board member	-	Past	5y 6m

View details of Niro's Founder profiles and Board Members

Niro's employee count trend

Niro has 289 employees as of Aug 25. The total employee count is 7.0% lower than what it was in Aug 24. Here is Niro's employee count trend over the years:

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Top competitors of Niro include Tala, Finnable and axio. Here is the list of Top 10 competitors of Niro, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tala 2011, Santa Monica (United States), Series E	Provider of a platform offering credit and digital financial services	$346M	IVP, Lowercase Capital & 51 others	79/100
2nd	Finnable 2016, Bengaluru (India), Series C	Platform offering online personal loans with minimal documentation	$90.2M	Z47, India Nippon Electricals & 28 others	79/100
3rd	axio 2013, Bengaluru (India), Acquired	Provider of an online lending platform offering point of sale financing	$206M	Amazon, Creation Investments & 32 others	75/100
4th	Stashfin 2016, Gurugram (India), Series C	Provider of digital lending and instant credit line solutions for individuals	$115M	Uncorrelated Ventures, Tencent & 40 others	75/100
5th	Navi 2012, Bengaluru (India), Series B	Provider of financial products including UPI, loans, insurance, and mutual funds	$445M	Gaja Capital, NDX Financial Services & 39 others	73/100
6th	LendenClub 2015, Mumbai (India), Series A	Developer of a P2P lending platform for personal loans	$11.9M	Artha India Ventures, Italica & 101 others	72/100
7th	Fibe 2015, Pune (India), Series F	Provider of personal loans, credit lines, and financial wellness solutions	$250M	Eight Roads Ventures, Transcorp & 48 others	72/100
8th	RupeeRedee 2018, Gurugram (India), Series B	Provider of online platform for short-term, unsecured personal loans	$5.7M	Digital Finance	70/100
9th	True Balance 2014, Gurugram (India), Series D	Provider of personal loans and prepaid payment instruments via mobile wallet	$90M	SBVA, Naver & 42 others	68/100
10th	Branch 2015, Mumbai (India), Series C	Provider of digital financial services including loans, transfers, payments, and investments	$106M	Andreessen Horowitz, Khosla Impact & 17 others	68/100
34th	Niro 2021, Bengaluru (India), Deadpooled	Provider of a platform for lending as a service management	$19.6M	GMO Venture Partners, Rebright Partners & 36 others	48/100

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Founders own 34.10%, Funds (largest shareholder) own 52.24%, Enterprises own 1.57% and Angels own 2.41%. The net worth of Niro's founders is INR 108Cr as of Apr 01, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	34.10%	108Cr	5868945	1453828	4853581	8437274
Aditya Kumar	6456695	4990174	1733658	9124590	7322149	3382584
Sankalp Mathur	1265218	2580132	7075003	2771381	5248323	5986776
Fund	52.24%	165Cr	5560316	9382836	6687951	7742427
Suneight Investment	6	4	3	2	5	1
Z Nation Lab	0	0	0	0	0	0
Elevar Equity	8522699	4834954	9588003	5138439	7742213	7957000
GMO Venture Partners	1210163	4165700	1832602	5101859	6167722	7593648
Innoven Capital	0	0	0	0	0	0
Enterprise	1.57%	4.98Cr	2	7	5	8
Angel	2.41%	7.62Cr	71	75	75	47
ESOP Pool	9.68%	30.7Cr	6569972	6969239	3064776	5929670
Total	100.00%	317Cr	9367590	9651353	3292900	6827021