Niyogin Fintech to acquire 51% strategic stake in iServeU
1st Sep 2020

Niyogin Fintech is going to acquire 51% strategic and controlling stake in iServeU for Rs 592 Million ($8 Million) in a cash plus stock deal. iServeU leverages the full capability of digital platforms and public payments infrastructure to reach the underbanked with focus on rural India. The company enables small village merchants to serve local communities and drive financial inclusion through iServeU’s digital platform.

The acquisition provides Niyogin with deep market access to un/under banked India. Apart from market access for the firms, there are multiple product complementarities such as credit, digital wealth, and payments among others which the two companies can jointly access to create a strong full-stack fintech value proposition for company's customers.

Niyogin is India’s pure publicly listed fintech startup with an end-to-end digital platform empowering small business, starting with their financial needs and building a broader ecosystem meeting their non-financial requirements as well.