Lending startup Niro shuts down operations

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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…



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Lending startup Niro shuts down operations


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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